openPR Logo
Press release

Durable Medical Equipment Market Size, Share & Trends Analysis Report By Product, By End Use (Hospitals, Nursing Homes), By Region, And Segment Forecasts, 2023 - 2032

03-19-2023 04:56 AM CET | Health & Medicine

Press release from: Analytics Market Research

Global Medical Equipment Market

Global Medical Equipment Market

The size of the worldwide market for home medical equipment was $30,545.34 million in 2019 and is anticipated to grow to $56,457.87 million by 2027, at a compound annual growth rate (CAGR) of 6.1% from 2023 to 2032. Home medical equipment includes medical tools that provide patients with a secure, practical, economical, and suitable atmosphere inside their own homes. Due to the global rise in the prevalence of various chronic illnesses, the home medical equipment market has undergone significant change in recent years. A high rate of adoption is also being seen for oxygen-related goods in home medical equipment, as the prevalence of chronic obstructive pulmonary disease (COPD) has significantly increased globally. For patient treatment at home, a variety of equipment is used, including infusion pumps, wheelchairs, apnea monitors, glucose meters, and cannulas. For instance, glucose meters or glucometers are routinely used at home to assess the level of glucose in blood for diabetics. Further, new technologies such as needle-free diabetic care, medication administration equipment, and durable medical equipment, such as medical beds and lift chairs, propel the home medical equipment market growth. However, high cost associated with these devices is anticipated to hamper the growth of home medical equipment market.

Introduction:
The global medical equipment market is a rapidly growing sector of the healthcare industry, driven by factors such as technological advancements, increasing demand for healthcare services, and a rising geriatric population. Medical equipment refers to a wide range of devices and instruments used in the diagnosis, treatment, and monitoring of medical conditions. In this article, we will explore the current trends, drivers, challenges, and growth opportunities in the global medical equipment market.

Market Drivers:
The global medical equipment market is being driven by several factors, including:
1. Technological Advancements: The medical equipment industry is constantly evolving, with new technologies and innovations being developed regularly. Advances in medical imaging, surgical instruments, and diagnostic tools have improved patient outcomes and reduced recovery times.
2. Increasing Demand for Healthcare Services: The demand for healthcare services is growing rapidly, driven by an aging population and an increase in chronic diseases. As a result, healthcare providers are investing in new medical equipment to meet this demand.
3. Rising Geriatric Population: The global population is aging, with the number of people aged 60 and over expected to double by 2050. This demographic shift is driving demand for medical equipment that can assist in the care of older patients.

Market Overview:
The report provides a basic overview of the industry including definitions, classifications, and industry chain structure. The Medical Equipment market analysis is provided for the international markets including development trends, competitive landscape analysis, and key regions development status. Development policies and plans are discussed as well as manufacturing processes and cost structures are also analyzed. This report also states import/export consumption, supply and demand, price, revenue and gross margins.

Report Scope:
The primary and secondary research is done in order to access up-to-date government regulations, market information and industry data. Data were collected from the Medical Equipment manufacturers, distributors, end users, industry associations, governments' industry bureaus, industry publications, industry experts, third party database, and our in-house databases. The report combines extensive quantitative analysis and exhaustive qualitative analysis, ranges from a macro overview of the total market size, industry chain, and market dynamics to micro details of segment by type, application and region and as a result provides a holistic view of as well as a deep insight into the Medical Equipment market covering all its essential aspects.

Click Here To Access The Free Sample Report @ https://analyticsmarketresearch.com/sample-request/medical-equipment-market/57069/

Global Medical Equipment Market: Segmentations

Global Medical Equipment Market: By Key Players
Medtronic
Johnson & Johnson
Ge Healthcare
Siemens Healthcare
Philips Healthcare

Global Medical Equipment Market: By Types
In vitro diagnosis
Heart
Imaging diagnosis
Orthopaedics

Global Medical Equipment Market: By Applications
Medical
Household

Global Medical Equipment Market: Regional Analysis
The countries covered in the regional analysis of the Global Medical Equipment market report are U.S., Canada, and Mexico in North America, Germany, France, U.K., Russia, Italy, Spain, Turkey, Netherlands, Switzerland, Belgium, and Rest of Europe in Europe, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, China, Japan, India, South Korea, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), and Argentina, Brazil, and Rest of South America as part of South America.

Key Benefits For Stakeholders
• The home medical equipment market analysis is based on a comprehensive analysis of key developments in the industry.
• The development strategies adopted by key market players are enlisted to understand the competitive scenario of the global home medical equipment market.
• The study provides an in-depth analysis of the market trends to elucidate the imminent investment pockets.
• The global home medical equipment market trends are studied from 2019 to 2027.
• Information about key drivers, restrains, and opportunities and their impact analysis on the market size is provided.
• Porter's five forces analysis illustrates the potency of buyers and suppliers operating in the industry.
• The quantitative analysis of the global home medical equipment market from 2020 to 2027 is provided to determine the market potential

Read Full Research Report @ https://analyticsmarketresearch.com/reports/medical-equipment-market/57069/

Market Challenges:
The global medical equipment market also faces several challenges, including:

High Costs: Medical equipment can be expensive, with many devices costing thousands or even millions of dollars. This can make it difficult for smaller healthcare providers to invest in the latest technology.

Regulatory Hurdles: Medical equipment is subject to strict regulatory oversight, with many devices requiring approval from government agencies before they can be sold. This can slow down the development and commercialization of new technologies.

Maintenance and Repair Costs: Medical equipment requires regular maintenance and repairs, which can be costly and time-consuming. This can be particularly challenging for smaller healthcare providers with limited resources.

Market Trends:
The global medical equipment market is experiencing several trends, including:

Growing Adoption of Telemedicine: Telemedicine, which allows patients to receive medical care remotely, is becoming increasingly popular. This trend is driving demand for medical equipment that can be used in telemedicine applications, such as remote monitoring devices.

Increased Use of AI and Machine Learning: Artificial intelligence (AI) and machine learning are being used in medical equipment to improve diagnosis and treatment outcomes. For example, AI algorithms can help to analyze medical images and identify potential health issues.

Growing Importance of Personalized Medicine: Personalized medicine, which involves tailoring medical treatment to an individual patient's needs, is becoming more important. This trend is driving demand for medical equipment that can be used to create personalized treatment plans.

Conclusion:
The global medical equipment market is a rapidly growing sector of the healthcare industry, driven by technological advancements, increasing demand for healthcare services, and a rising geriatric population. While there are several challenges facing the industry, such as high costs and regulatory hurdles, the outlook for the global medical equipment market is positive, with significant growth expected in the coming years. As the industry continues to evolve, we can expect to see further advancements in technology, increased adoption of telemedicine and AI, and a growing emphasis on personalized medicine.

FREQUENTLY ASKED QUESTIONS?
Q1. Does the Home Medical Equipment Market report provides Value Chain Analysis?
Q2. What are the key trends in the Home Medical Equipment Market report?
Q3. What is the total market value of Home Medical Equipment Market report ?
Q4. What would be forecast period in the market report?
Q5. What is the market value of Home Medical Equipment Market in 2020?
Q6. Which is base year calculated in the Home Medical Equipment Market report?
Q7. Does the Home Medical Equipment company is profiled in the report?
Q8. Which are the top companies hold the market share in Home Medical Equipment Market?

Contact US:
Analytics Market Research
99 WALL STREET, #2124 NEW YORK, NY 10005
Phone: +1(650)-666-4592
Email: sales@analyticsmarketresearch.com

About US:
Analytics Market Research is an established market analytics and research firm with a domain experience sprawling across different industries. We have been working on multi-county market studies right from our inception. Over the time, from our existence, we have gained laurels for our deep rooted market studies and insightful analysis of different markets.

Our strategic market analysis and capability to comprehend deep cultural, conceptual and social aspects of various tangled markets has helped us make a mark for ourselves in the industry. Analytics Market Research is a frontrunner in helping numerous companies; both regional and international to successfully achieve their business goals based on our in-depth market analysis. Moreover, we are also capable of devising market strategies that ensure guaranteed customer bases for our clients.

This release was published on openPR.

Permanent link to this press release:

Copy
Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.

You can edit or delete your press release Durable Medical Equipment Market Size, Share & Trends Analysis Report By Product, By End Use (Hospitals, Nursing Homes), By Region, And Segment Forecasts, 2023 - 2032 here

News-ID: 2980992 • Views: 521

More Releases from Analytics Market Research

Global Electrical Coil Windings Market Witness High Demand During by 2032
Coils are wound for a variety of devices, including chokes, inductors, and mortars, using electrical coil winding machines. Magnet wire winding, transformer winding, motor winding, and automated coil winding and assembly are some uses for electrical coil winding equipment. Equipment for the assembly of microelectronics, RFID, and medical devices is also offered by suppliers of electrical coil winding machines. The growing demand for coil winders in the textile industry is one
Global Olefins Market Analysis, Key Trends, Growth Opportunities, Challenges and …
Global Olefins Market was valued at USD 240.0 billion in 2022 and is expected to reach USD 347.91 billion by 2032, registering a CAGR of 4.75% in 2023-2032. Due to rising global demand for greener and cleaner industrial fluids and tightening emission regulations in a number of developed and developing economies, the market for olefins is predicted to grow quickly over the forecast period. Also, the market is anticipated to be
Global Plastics And Polymers Market Overview and Regional Outlook Study 2023 - 2 …
The global plastics and polymers market is expected to reach USD 792.8 billion by 2032, registering a CAGR of 5.5% during the forecast period (2023-2032). Polymers are huge molecules made up of numerous repeated subunits, whereas plastics are a broad category of synthetic or semi-synthetic materials that may be moulded into shape. Due to their diverse qualities, plastics and polymers are used in a wide variety of industries and aspects of
Global Synthetic Rubber And Fibers Market Consumption Analysis, Business Overvie …
The global synthetic rubber and fibers market is expected to grow from $263.61 billion in 2022 to $284.83 billion in 2032 at a compound annual growth rate (CAGR) of 8.0%. The market is expected to grow to $379.48 billion in 2032 at a CAGR of 7.4%. The market for synthetic rubber and fibres is made up of businesses (organisations, sole proprietors, or partnerships) that manufacture synthetic rubber, an artificial elastomer created

All 5 Releases


More Releases for Medical

ECG Analysis System Market Outlook: 2020 The Year On A Positive Note | GE Medica …
DataIntelo report titled Global ECG Analysis System Market provides detailed information and overview about the key influential factors required to make well informed business decision. This is a latest report, covering the current COVID-19 impact on the market. The pandemic of Coronavirus (COVID-19) has affected every aspect of life globally. This has brought along several changes in market conditions. The rapidly changing market scenario and initial and future assessment of
Medical Tracheostomy Tube Market Overall Study Report 2020-2027 | Players Medtro …
The latest report added by Stratagem Market Insights gives deep insights into the drivers and restraints in the Worldwide Medical Tracheostomy Tube Market. The research report "Global Medical Tracheostomy Tube Market Size and Growth Forecast to 2027" provide a comprehensive take on the overall market. Analysts have carefully evaluated the milestones achieved by the global Medical Tracheostomy Tube market and the current trends that are likely to shape its future.
Global Embolization Particle Market 2019 - Sirtex Medical, Merit Medical, Cook M …
The global "Embolization Particle Market" report delivers a comprehensive and systematic framework of the Embolization Particle market at a global level that includes all the key aspects related to it. The data is collected from different sources allied to the global Embolization Particle market and the research team meticulously analyze the gathered data with the help of various analytical tools and present their opinion based on analysis and calculations. The
Medical Casting & Splinting Market 2019: Top Key players are 3M, DJO Global, BSN …
Medical Casting & Splinting Market 2019 Report analyses the industry status, size, share, trends, growth opportunity, competition landscape and forecast to 2025. This report also provides data on patterns, improvements, target business sectors, limits and advancements. Furthermore, this research report categorizes the market by companies, region, type and end-use industry. Get Sample Copy of this Report@ https://www.researchreportsworld.com/enquiry/request-sample/13718924 Global Medical Casting & Splinting market 2019 research provides a basic overview of
Global Embolization Particle Industry 2018 - Sirtex Medical, Merit Medical, Cook …
The Global Embolization Particle Industry 2018 Market Research Report is a professional and in-depth study on the current state of the Embolization Particle industry. Firstly, Embolization Particle Market report provides a basic overview of the Embolization Particle industry including definitions, classifications, applications and Embolization Particle industry chain structure. Global Embolization Particle Market analysis is provided for the international market including development history, Embolization Particle industry competitive landscape analysis, and major regions
Global Oxygen Pressure Regulator Market 2017 : Precision Medical, Smiths Medical …
Oxygen Pressure Regulator A market study based on the " Oxygen Pressure Regulator Market " across the globe, recently added to the repository of Market Research, is titled ‘Global Oxygen Pressure Regulator Market 2017’. The research report analyses the historical as well as present performance of the worldwide Oxygen Pressure Regulator industry, and makes predictions on the future status of Oxygen Pressure Regulator market on the basis of this analysis. Get Free