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Durable Medical Equipment Market is Expected to Achieve US$ 403 Billion at CAGR of 6.2% by 2033

02-23-2024 03:58 AM CET | Health & Medicine

Press release from: Fact.MR

Durable Medical Equipment Market

Durable Medical Equipment Market

The durable medical equipment market sales in the United States are projected to capture over 35% of the global market share in 2023. The nation has grappled with a significant challenge of obesity among its populace, compounded by widespread adoption of sedentary lifestyles, leading to a considerable portion of the population experiencing joint pain and arthritis. This scenario has spurred a surge in the utilization of personal mobility aids across the country.

The global durable medical equipment market (耐久医療機器市場) reached a valuation of US$ 220 billion in 2023 and is poised to generate revenue of US$ 403 billion by the conclusion of 2033. Projections indicate that sales of durable medical equipment (DME) worldwide will experience a significant Compound Annual Growth Rate (CAGR) of 6.2% over the next decade (2023 to 2033).

𝐃𝐨𝐰𝐧𝐥𝐨𝐚𝐝 𝐚 𝐒𝐚𝐦𝐩𝐥𝐞 𝐂𝐨𝐩𝐲 𝐨𝐟 𝐓𝐡𝐢𝐬 𝐑𝐞𝐩𝐨𝐫𝐭:

In recent years, the healthcare industry has witnessed significant transformations driven by advancements in technology, shifting demographics, and evolving patient needs. Among the key elements shaping this landscape are durable medical equipment (DME) and the trends associated with its market. DME plays a crucial role in patient care, providing essential support and assistance for individuals with various medical conditions and disabilities. As the healthcare landscape continues to evolve, several notable trends are emerging in the durable medical equipment market, reflecting the changing needs and preferences of patients, healthcare providers, and payers.

Rise in Home Healthcare

One of the prominent trends in the durable medical equipment market is the growing emphasis on home healthcare. With an aging population and the increasing prevalence of chronic diseases, there is a growing demand for medical equipment that enables patients to receive care in the comfort of their own homes. This trend is driving the development of innovative and user-friendly DME products designed to facilitate home-based treatment and monitoring. From mobility aids such as wheelchairs and walkers to home oxygen therapy equipment and remote monitoring devices, the market is witnessing a surge in demand for DME solutions that support independent living and improve patient outcomes.

Focus on Patient-Centric Design

Another notable trend in the durable medical equipment market is the shift towards patient-centric design. Manufacturers are increasingly prioritizing the development of DME products that are tailored to meet the specific needs and preferences of patients. This includes ergonomic designs, lightweight materials, and intuitive features that enhance usability and comfort. By focusing on patient-centric design, manufacturers are not only improving the user experience but also empowering patients to take an active role in managing their healthcare needs.

𝐊𝐞𝐲 𝐏𝐥𝐚𝐲𝐞𝐫𝐬:

Invacare Corporation
Sunrise Medical
Medline Industries Inc.
Medical Device Depot Inc.
GF Health Products Inc.
Carex Health Brands
Baxter International Inc.
Becton, Dickinson, and Company
Joerns Healthcare LLC

𝐂𝐨𝐦𝐩𝐞𝐭𝐢𝐭𝐢𝐯𝐞 𝐋𝐚𝐧𝐝𝐬𝐜𝐚𝐩𝐞:

Leading providers of durable medical equipment are strategically pursuing mergers and acquisitions to broaden their business reach and fortify their positions in the fiercely competitive global market.

In December 2021, Baxter International, a prominent healthcare entity headquartered in the United States, disclosed its acquisition of Hill-Rom, a distinguished medical device manufacturer. The acquisition transaction amounted to approximately US$ 12.5 billion, inclusive of Hill-Rom's existing debt commitments.

𝐊𝐞𝐲 𝐒𝐞𝐠𝐦𝐞𝐧𝐭𝐬 𝐨𝐟 𝐃𝐮𝐫𝐚𝐛𝐥𝐞 𝐌𝐞𝐝𝐢𝐜𝐚𝐥 𝐄𝐪𝐮𝐢𝐩𝐦𝐞𝐧𝐭 𝐈𝐧𝐝𝐮𝐬𝐭𝐫𝐲 𝐑𝐞𝐬𝐞𝐚𝐫𝐜𝐡

By Product Type :
Monitoring & Therapeutic Devices
Personal Mobility Devices
Bathroom Safety Devices
Medical Furniture
Incontinence Pads
Breast Pumps
Consumables & Accessories

By End User :
Nursing Homes
Home Healthcare
Ambulatory Surgical Centers

By Region :
North America
Latin America

𝐑𝐞𝐚𝐝 𝐌𝐨𝐫𝐞:

The durable medical equipment market is undergoing significant transformation in response to changing healthcare needs and technological advancements. From the rise of home healthcare and patient-centric design to the integration of telehealth technologies and a focus on sustainability, these trends are shaping the future of DME and driving innovation in the industry. As healthcare continues to evolve, stakeholders across the healthcare ecosystem will need to adapt to these trends to meet the evolving needs of patients and deliver high-quality, patient-centered care.

𝐓𝐨𝐩 𝐑𝐞𝐥𝐚𝐭𝐞𝐝 𝐑𝐞𝐩𝐨𝐫𝐭 𝐢𝐧 𝐭𝐡𝐞 𝐈𝐧𝐝𝐮𝐬𝐭𝐫𝐲

Medical Device Cleaning Market
Medical Device Technologies Market
Medical Aesthetic Devices Market


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