Sales of Durable Medical Equipment Market Predicted to Increase at a CAGR of 6.2% from 2019 to 2027 Says Transparency Market Research

Transparency Market Research's recent report on the worldwide 𝐝𝐮𝐫𝐚𝐛𝐥𝐞 𝐦𝐞𝐝𝐢𝐜𝐚𝐥 𝐞𝐪𝐮𝐢𝐩𝐦𝐞𝐧𝐭 (𝐃𝐌𝐄) 𝐦𝐚𝐫𝐤𝐞𝐭 indicates that the increasing population of individuals with disabilities and growing governmental efforts in preventive healthcare initiatives will propel market growth in the forecast period.

𝐃𝐨𝐰𝐧𝐥𝐨𝐚𝐝 𝐒𝐚𝐦𝐩𝐥𝐞 𝐏𝐃𝐅:
https://www.transparencymarketresearch.com/sample/sample.php?flag=S&rep_id=21557&utm_source=OpenPR&utm_campaign=MansiR

The global DME industry, valued at US$ 153.1 billion in 2018, is expected to grow at a compound annual growth rate (CAGR) of 6.2% from 2019 to 2027, as stated in the report.

𝐊𝐞𝐲 𝐃𝐫𝐢𝐯𝐞𝐫𝐬:

Increasing number of people with one or more disabilities and rising government initiatives in preventive health care programs to promote usage of durable medical equipment (DME)

The increasing number of individuals with disabilities is expected to drive demand for durable medical equipment such as wheelchairs, mobility devices, and therapeutic and monitoring devices for both hospital and home care settings. Lifestyle changes, including alterations in eating and sleeping habits, are also anticipated to boost demand for rehabilitation and hospital treatments, subsequently increasing the need for wheelchairs, walkers, crutches, canes, and other bariatric mobility and assistive devices.

Government initiatives in preventive healthcare programs are contributing to the growth of the durable medical equipment market. Programs like Million Hearts, led by the U.S. Department of Health and Human Services in collaboration with the CDC and the Centers for Medicare and Medicaid Services, aim to achieve hypertension control rates above 70% through the implementation of electronic health records, advancements in health information technology, and improved patient communication. These initiatives align and coordinate efforts to enhance healthcare outcomes and promote the adoption of durable medical equipment.

𝐂𝐨𝐦𝐩𝐞𝐭𝐢𝐭𝐢𝐯𝐞 𝐋𝐚𝐧𝐝𝐬𝐜𝐚𝐩𝐞:

Stryker Corporation,Medtronic plc.,Medline Industries, Inc.,BD,Hill-Rom Holdings, Inc.,Drive DeVilbiss Healthcare, Inc.,Invacare Corporation,Sunrise Medical (US) LLC,,ResMed, Inc.

𝐌𝐚𝐫𝐤𝐞𝐭 𝐢𝐬 𝐬𝐞𝐠𝐦𝐞𝐧𝐭𝐞𝐝 𝐚𝐬 𝐟𝐨𝐥𝐥𝐨𝐰𝐬:

𝐄𝐪𝐮𝐢𝐩𝐦𝐞𝐧𝐭 𝐓𝐲𝐩𝐞

Personal Mobility Devices
Wheelchairs
Crutches & Canes
Walkers
Others

Bathroom Safety Devices
Commodes
Toilet Rails/Frames
Others

Medical Furniture
Medical Beds
Mattress
Stretchers
Lift Chairs
Others

Monitoring and Therapeutic Devices
Blood Glucose Monitors
Oxygen Equipment
Vital Sign Monitors
Infusion Pump
Others

𝐄𝐧𝐝 𝐔𝐬𝐞𝐫

Hospitals
Long-term Care Centers
Ambulatory Surgical Centers
Home Care Settings
Others

𝐏𝐥𝐚𝐜𝐞 𝐚𝐧 𝐎𝐫𝐝𝐞𝐫 𝐂𝐨𝐩𝐲 𝐨𝐟 𝐭𝐡𝐞 𝐑𝐞𝐩𝐨𝐫𝐭:
https://www.transparencymarketresearch.com/checkout.php?rep_id=21557<ype=S&utm_source=OpenPR&utm_campaign=MansiR

𝐑𝐞𝐠𝐢𝐨𝐧𝐬 𝐂𝐨𝐯𝐞𝐫𝐞𝐝:

North America(USA, Canada and Mexico)
Europe(UK, Germany, France and the Rest of Europe)
Asia Pacific(China, Japan, India, and the Rest of the Asia Pacific region)
South America(Brazil, Argentina and the Rest of South America)
Middle East and Africa(GCC and Rest of the Middle East and Africa)

𝐊𝐞𝐲 𝐃𝐞𝐯𝐞𝐥𝐨𝐩𝐦𝐞𝐧𝐭𝐬:

In January 2019, Medical Imaging Corp. acquired Sandy Shores Medical, Inc. for business expansion in U.S. and Canada.

In July 2019, Dynarex launched new durable medical equipment, including two new wheelchairs, and an elongated raised toilet seat.

In 2019, Invacare launched ROVI A3 Power Wheelchair with Motion Concepts MPS Maxx Modular Power Standing System in North America.

𝐌𝐚𝐫𝐤𝐞𝐭 𝐃𝐫𝐢𝐯𝐞𝐫𝐬 𝐚𝐧𝐝 𝐂𝐡𝐚𝐥𝐥𝐞𝐧𝐠𝐞𝐬:

Drivers: Growing prevalence of chronic diseases, aging population, technological advancements, and expanding healthcare infrastructure are driving the market growth.
Challenges: Regulatory hurdles, reimbursement issues, and high costs associated with advanced medical equipment pose challenges to market expansion.

𝐌𝐚𝐫𝐤𝐞𝐭 𝐓𝐫𝐞𝐧𝐝𝐬:

Shift towards home healthcare and remote monitoring solutions.
Adoption of wearable medical devices for continuous health monitoring.
Integration of artificial intelligence and Internet of Things (IoT) in medical equipment.

𝐊𝐞𝐲 𝐌𝐚𝐫𝐤𝐞𝐭 𝐒𝐭𝐮𝐝𝐲 𝐏𝐨𝐢𝐧𝐭𝐬:

Analysis of market dynamics including drivers, challenges, and trends.
Assessment of market segmentation and regional outlook.
Evaluation of competitive landscape and key players.
Examination of recent developments and technological innovations.

𝐁𝐫𝐨𝐰𝐬𝐞 𝐌𝐨𝐫𝐞 𝐑𝐞𝐩𝐨𝐫𝐭𝐬 𝐛𝐲 𝐓𝐌𝐑:

𝐂𝐚𝐫𝐝𝐢𝐨𝐭𝐨𝐧𝐢𝐜 𝐀𝐠𝐞𝐧𝐭𝐬 𝐌𝐚𝐫𝐤𝐞𝐭- https://www.globenewswire.com/news-release/2023/04/03/2639893/0/en/Cardiotonic-Agents-Market-Size-to-Reach-USD-4-5-Bn-by-2031-Due-to-the-Rise-in-Prevalence-of-Cardiovascular-Diseases-TMR-Study.html

𝐀𝐮𝐭𝐨𝐦𝐨𝐭𝐢𝐯𝐞 𝐒𝐡𝐨𝐜𝐤 𝐀𝐛𝐬𝐨𝐫𝐛𝐞𝐫 𝐌𝐚𝐫𝐤𝐞𝐭- https://www.globenewswire.com/news-release/2023/04/03/2639729/0/en/Automotive-Shock-Absorber-Market-to-Present-Lucrative-Growth-by-Reaching-Market-Value-of-US-23-6-Bn-by-End-of-2031-as-per-TMR-Analysis.html

𝐀𝐛𝐨𝐮𝐭 𝐓𝐫𝐚𝐧𝐬𝐩𝐚𝐫𝐞𝐧𝐜𝐲 𝐌𝐚𝐫𝐤𝐞𝐭 𝐑𝐞𝐬𝐞𝐚𝐫𝐜𝐡

Transparency Market Research, a global market research company registered at Wilmington, Delaware, United States, provides custom research and consulting services. Our exclusive blend of quantitative forecasting and trends analysis provides forward-looking insights for thousands of decision makers. Our experienced team of Analysts, Researchers, and Consultants use proprietary data sources and various tools & techniques to gather and analyses information.

Our data repository is continuously updated and revised by a team of research experts, so that it always reflects the latest trends and information. With a broad research and analysis capability, Transparency Market Research employs rigorous primary and secondary research techniques in developing distinctive data sets and research material for business reports.

𝐂𝐨𝐧𝐭𝐚𝐜𝐭:

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This release was published on openPR.