Press release
Durable Medical Equipment Market Growing Trends, Demand Analysis and Top Leading Players Analysis 2024
The research analysis on the global Durable Medical Equipment Market report 2024 offers a close watch on top industry rivals along with briefings on their company profiles, strategical surveys, micro as well as macro industry trends, futuristic scenarios, analysis of pricing structure, and an all-encompassing overview of the Durable Medical Equipment Market circumstances in the forecast period between 2024 and 2031. The global Durable Medical Equipment Market is a dynamic and rapidly evolving sector, encompassing the development, production, and distribution. This market is essential for improving global market and driving economic growth through innovation and industry advancements.
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Market Growth
The Durable Medical Equipment Market has experienced robust growth over the past decade and is projected to continue expanding. Global Durable Medical Equipment Market size was valued at USD 207.99 billion in 2022 and is poised to grow from USD 220.26 billion in 2023 to USD 348.42 billion by 2031, growing at a CAGR of 5.90% during the forecast period (2024-2031). This growth is driven by several factors, including an aging global population, increasing prevalence of advancements in technology, and rising global expenditure.
Detailed Segmentation and Classification of the report (Market Size and Forecast - 2031, Y-o-Y growth rate, and CAGR):
The Durable Medical Equipment Market can be segmented based on several factors, including product type, application, end-user, and distribution channel. Understanding these segments is crucial for companies looking to target specific markets and tailor their offerings to meet consumer needs.
Product
Personal mobility devices, bathroom safety devices and medical furniture, monitoring and therapeutic devices, and others
End-use
Hospitals, home healthcare, nursing homes, and others
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Regional Analysis:
On the basis of region, the market is studied across North America, Europe, Asia Pacific, Latin America, and the Middle East & Africa. The report offers detailed insight into new product launches, new technology evolutions, innovative services, and ongoing R&D. The Durable Medical Equipment Market report also provides fundamental details such as raw material sources, distribution networks, methodologies, production capacities, industry supply chain, and product specifications.
Essential regions of the Durable Medical Equipment market are:
- Durable Medical Equipment North America Market includes (Canada, Mexico, USA)
- Durable Medical Equipment Europe Market includes (Germany, France, Great Britain, Italy, Spain, Russia)
- Durable Medical Equipment Asia-Pacific Market includes (China, Japan, India, South Korea, Australia)
- Middle East and Africa (Saudi Arabia, United Arab Emirates, South Africa)
- Durable Medical Equipment South America Market includes (Brazil, Argentina)
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Future Outlook
The Durable Medical Equipment Market is poised for continued growth driven by technological advancements, expanding global market access, and increasing global industry needs. As the industry adapts to evolving challenges and seizes emerging opportunities, it is likely to see ongoing innovation and expansion, contributing significantly to global health and economic development.
Durable Medical Equipment Market Top Player's Company Profiles
Invacare Corporation
Drive Medical
Hill-Rom Holdings, Inc.
Stryker Corporation
ArjoHuntleigh
Medline Industries, Inc.
Permobil AB
Sunrise Medical LLC
GF Health Products, Inc.
Pride Mobility Products Corporation
Medtronic plc
Otto Bock Healthcare
DJO Global, Inc.
ResMed Inc.
Becton, Dickinson and Company (BD)
3M Health Care
Smith & Nephew plc
Baxter International Inc.
Teleflex Incorporated
Zimmer Biomet Holdings, Inc.
Contact Us
Mr. Jagraj Singh
Skyquest Technology
International: +1-518-300-3575
Email: sales@skyquestt.com
About Us:
SkyQuest is an IP focused Research and Investment Bank and Accelerator of Technology and assets. We provide access to technologies, markets and finance across sectors viz. Life Sciences, CleanTech, AgriTech, NanoTech and Information & Communication Technology.
We work closely with innovators, inventors, innovation seekers, entrepreneurs, companies and investors alike in leveraging external sources of R&D. Moreover, we help them in optimizing the economic potential of their intellectual assets. Our experiences with innovation management and commercialization have expanded our reach across North America, Europe, ASEAN and Asia Pacific.
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