The durable medical equipment market is expected to gain market growth in the forecast period of 2021 to 2028. Data Bridge Market Research analyses the market to reach at an estimated value of 176.66 USD billion and grow at a CAGR of 5.84% in the above-mentioned forecast period. Rising patient preference for home-based care drives the durable medical equipment market.

Medical equipment is classified into two types which includes disposable medical equipment and durable medical equipment. Durable medical equipment is reusable and can also be used for the long run. The medical devices such as ostomy bags, insulin pump, and hospital furniture are considered under durable medical equipment and are used for years.

Increasing prevalence of chronic diseases across the globe is the vital factor escalating the market growth, also rising geriatric population base throughout the globe, rising technological advancements in the medical equipment, rising number of neurological and cardiovascular disorders cases, rising healthcare expenditure and rising penetration of home healthcare services are the major factors among others driving the durable medical equipment market. Moreover, rising technological advancements and modernization in the production of paracetamol, rising research and development activities in the healthcare sector and rising emerging markets with increasing geriatric population base will further create new opportunities for the durable medical equipment market in the forecasted period of 2021-2028.

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The durable medical equipment market is segmented on the basis of device type, end-user and payer. The growth amongst these segments will help you analyse meagre growth segments in the industries, and provide the users with valuable market overview and market insights to help them in making strategic decisions for identification of core market applications.

• On the basis of device type, the durable medical equipment market is segmented into personal mobility devices, medical furniture, monitoring and therapeutic devices, and bathroom safety devices.
• Based on end-user, the durable medical equipment market is segmented into hospital/clinic, ambulatory surgical center, research centers, home healthcare and others.
• The durable medical equipment market is also segmented on the basis of payer into public, private and out-of-pocket.

Highlight of Table of Content:

§  Chapter 1: Market overview

§  Chapter 2: Global Durable Medical Equipment Market

§  Chapter 3: Regional analysis of the Global Durable Medical Equipment Market

§  Chapter 4: Market segmentation based on types and applications

§  Chapter 5: Revenue analysis based on types and applications

§  Chapter 6: Market share

§  Chapter 7: Competitive Landscape

§  Chapter 8: Drivers, Restraints, Challenges, and Opportunities

§  Chapter 9: Gross Margin and Price Analysis

The major players covered in the durable medical equipment market report are GENERAL ELECTRIC COMPANY, Compass Health Brands, Getinge AB, GF HEALTH PRODUCTS, IN, Medtronic, Invacare Corporation, Sunrise Medical, Koninklijke Philips N.V., Medline Industries, Inc., Masimo, Arjo, Hill-Rom Services, Inc, Stryker Corporation, Medical Device Depot Inc, BD, Baxter. And Medical Depot, Inc among other domestic and global players. Market share data is available for Global, North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South America separately. DBMR analysts understand competitive strengths and provide competitive analysis for each competitor separately.

Profound Questions Answered in this Report:

·        What is the growth rate of various stages in the value chain of the industry?

·        Which region has the highest growth rate and size of the emerging market by value in 2022?

·        Who are the competitive players in Global Durable Medical Equipment Market?

·        Which region has the largest share and degree of competition in the industry?

·        What is the CAGR of the market during the forecast period 2022 to 2029?

·        Which region is expected to hold the highest market share for the market?

·        What is the main driver of the Global Durable Medical Equipment Market?

·        What is sales volume, revenue, and price analysis of top players of the market?

·        What are the market opportunities and threats faced by the vendors in the industry?

·        What has been the impact of COVID-19 on the Durable Medical Equipment Market?

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