Durable Medical Equipment Market Report Analysis and Research Studies, Detailed Insights and Key Players - Stryker Corporation, Becton, Dickinson and Company.

The Global Durable Medical Equipment Market reached US$ 215.50 billion in 2023 and is expected to reach US$ 324.34 billion by 2031, growing at a CAGR of 5.3% during the forecast period 2024-2031.

The Durable Medical Equipment market report provides in-depth insights and analysis on key market trends, growth opportunities, and emerging challenges. With a commitment to delivering actionable intelligence, DataM Intelligence empowers businesses to make informed decisions and stay ahead of the competition. Leveraging a combination of qualitative and quantitative research methods, the company offers comprehensive reports that help clients navigate complex market landscapes, drive strategic growth, and seize new opportunities in an ever-evolving global market.

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The Durable Medical Equipment (DME) Market focuses on medical devices designed for long-term use, such as wheelchairs, oxygen equipment, hearing aids, and home healthcare devices. Growth is driven by the rising aging population, increasing chronic diseases, and greater demand for home-based healthcare solutions. Technological advancements, including smart medical devices and remote monitoring, are shaping the market, alongside rising healthcare expenditures and insurance coverage for DME. The push for cost-effective, patient-centric solutions in home and hospital care further accelerates market expansion.

Forecast Growth Projected:

The Global Durable Medical Equipment Market is anticipated to rise at a considerable rate during the forecast period, between 2024 and 2031. In 2023, the market is growing at a steady rate, and with the rising adoption of strategies by key players, the market is expected to rise over the projected horizon.

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List of the Key Players in the Durable Medical Equipment Market:

Stryker Corporation, Becton, Dickinson and Company, Invacare Corporation, Sunrise Medical, Medline Industries Inc, Baxter International Inc, Hill-Rom Holdings Inc, GF Health Products Inc, ArjoHuntleigh, Medtronic, and Cardinal Health.

Industry Development:

In March 6, 2020, Invacare Corporation launched the Invacare AVIVA FX Power, a powered wheelchair designed to provide improved mobility and comfort for users.

In March 15, 2022, Stryker introduced the Power-PRO 2 powered ambulance cot, a connected, motorized cot designed to reduce physical strain on emergency medical personnel and improve patient handling during transport.

Research Methodology

Our research methodology combines both qualitative and quantitative approaches to provide you with a thorough market analysis. We begin by gathering data from trusted industry reports and databases (secondary research), followed by primary research through surveys and interviews with key experts. We then apply advanced statistical tools to analyze the data, uncover trends, and assess market dynamics. Additionally, we use market segmentation and Porter's Five Forces analysis to evaluate competition. This approach ensures that the insights we provide are reliable, actionable, and tailored to support your decision-making process.

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Segment Covered in the Durable Medical Equipment Market:

By Product Type: Personal Mobility Devices (Wheelchairs, Walker and Rollators, Cranes and Crutches), Medical Furniture (Medical Beds, Stretchers, Lift Chairs), Bathroom Safety Devices (Commodes, Toilet Rails/Frames), Monitoring and Therapeutic Devices (Blood Glucose Monitors, Oxygen Concentrators, Vital Sign Monitors, Infusion pumps, Nebulizers, Positive Airway Pressure (PAP).

By End-user Segment: Diagnostic Centers, Hospitals & Clinics, Home Healthcare.

This Report Covers:

✔ Go-to-market Strategy.

✔ Neutral perspective on the market performance.

✔Development trends, competitive landscape analysis, supply side analysis, demand side analysis, year-on-year growth, competitive benchmarking, vendor identification, Market Access, and other significant analysis, as well as development status.

✔Customized regional/country reports as per request and country level analysis.

✔ Potential & niche segments and regions exhibiting promising growth covered.

✔ Analysis of Market Size (historical and forecast), Total Addressable Market (TAM), Serviceable Available Market (SAM), Serviceable Obtainable Market (SOM), Market Growth, Technological Trends, Market Share, Market Dynamics, Competitive Landscape and Major Players (Innovators, Start-ups, Laggard, and Pioneer).

Regional Analysis for Durable Medical Equipment Market:

⇥ North America (U.S., Canada, Mexico)

⇥ Europe (U.K., Italy, Germany, Russia, France, Spain, The Netherlands and Rest of Europe)

⇥ Asia-Pacific (India, Japan, China, South Korea, Australia, Indonesia Rest of Asia Pacific)

⇥ South America (Colombia, Brazil, Argentina, Rest of South America)

⇥ Middle East & Africa (Saudi Arabia, U.A.E., South Africa, Rest of Middle East & Africa)

Benefits of the Report:

➡ A descriptive analysis of demand-supply gap, market size estimation, SWOT analysis, PESTEL Analysis and forecast in the global market.

➡ Top-down and bottom-up approach for regional analysis

➡ Porter's five forces model gives an in-depth analysis of buyers and suppliers, threats of new entrants & substitutes and competition amongst the key market players.

➡ By understanding the value chain analysis, the stakeholders can get a clear and detailed picture of this Market

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Frequently asked questions:

➠ What is the global sales value, production value, consumption value, import and export of Durable Medical Equipment market?

➠ Who are the global key manufacturers of the Durable Medical Equipment Industry? How is their operating situation (capacity, production, sales, price, cost, gross, and revenue)?

➠ What are the Durable Medical Equipment market opportunities and threats faced by the vendors in the global Durable Medical Equipment Industry?

➠ Which application/end-user or product type may seek incremental growth prospects? What is the market share of each type and application?

➠ What focused approach and constraints are holding the Durable Medical Equipment market?

➠ What are the different sales, marketing, and distribution channels in the global industry?

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