Durable Medical Equipment Market Size, Share, Growth, Trends, Demand and Opportunity Analysis
Global Durable Medical Equipment Market – Industry Trends and Forecast to 2028Global Durable Medical Equipment Market, By Device Type (Personal Mobility Devices, Medical Furniture, Monitoring and Therapeutic Devices, Bathroom Safety Devices), End-User (Hospital/Clinic, Ambulatory Surgical Center, Research Centers, Home Healthcare, Others), Payer (Public, Private, Out-of-Pocket), Country (U.S., copyright, Mexico, Germany, Italy, U.K., France, Spain, Netherlands, Belgium, Switzerland, Turkey, Russia, Rest of Europe, Japan, China, India, South Korea, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia- Pacific, Brazil, Argentina, Rest of South America, South Africa, Saudi Arabia, UAE, Egypt, Israel, Rest of Middle East & Africa) Industry Trends and Forecast to 2028.
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.
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**Segments**
- Medical Furniture
- Bathroom Safety Products
- Personal Mobility Devices
- Monitoring & Therapeutic Devices
- Others
The durable medical equipment market can be segmented into various categories to evaluate its scope and opportunities. Medical furniture, such as hospital beds and chairs, is an essential segment within the market due to the increasing demand for specialized furniture in healthcare settings. Bathroom safety products like shower chairs and grab bars cater to the aging population and individuals with mobility challenges. Personal mobility devices, including wheelchairs and walkers, play a crucial role in enhancing mobility and independence for patients. Monitoring and therapeutic devices, such as blood pressure monitors and nebulizers, are essential for managing chronic conditions. Additionally, other durable medical equipment like braces, prosthetics, and hearing aids contribute significantly to the market's growth.
**Market Players**
- Medtronic
- Invacare Corporation
- Hill-Rom Services Inc.
- Drive DeVilbiss Healthcare
- Stryker
- Sunrise Medical (US) LLC
- GF Health Products, Inc.
- Medline Industries, Inc.
- Compass Health Brands
- Prism Medical Ltd.
Several key players dominate the durable medical equipment market, each contributing innovative solutions and driving industry growth. Medtronic, a renowned medical device company, offers a wide range of durable equipment focusing on patient care and management. Invacare Corporation specializes in home and long-term care products, including wheelchairs and respiratory equipment. Hill-Rom Services Inc., a global medical technology leader, provides advanced healthcare solutions, including hospital beds and patient lifts. Drive DeVilbiss Healthcare excels in mobility products and respiratory care, offering quality equipment for various medical needs. Stryker, a leading medical technology company, delivers cutting-edge solutions for patient care, surgical interventions, and medical equipment. Sunrise Medical (US) LLC focuses on mobility solutions for daily living challenges, enhancing the quality of life for users. GF Health Products, Inc., known for its Graham-FieldThe durable medical equipment market is a highly competitive landscape with several key players leading the industry and driving innovation in healthcare solutions. These market players offer a wide range of products and services catering to various medical needs, ultimately contributing to the market's growth and expansion. Medtronic, as a prominent medical device company, plays a vital role in providing durable medical equipment that focuses on patient care and management. Their innovative solutions aim to improve patient outcomes and enhance quality of life. Invacare Corporation specializes in home and long-term care products, with a strong emphasis on wheelchairs and respiratory equipment, meeting the needs of patients requiring mobility assistance and respiratory support.
Hill-Rom Services Inc., a global leader in medical technology, offers advanced healthcare solutions such as hospital beds and patient lifts, crucial for patient comfort and care in healthcare settings. Drive DeVilbiss Healthcare excels in mobility products and respiratory care, providing quality equipment for patients with diverse medical conditions. Stryker, a leading medical technology company, delivers cutting-edge solutions for patient care, surgical interventions, and medical equipment, contributing to advancements in healthcare delivery. Sunrise Medical (US) LLC focuses on mobility solutions to address daily living challenges, promoting independence and mobility for individuals with disabilities. GF Health Products, Inc., through its Graham-Field brand, offers a diverse range of medical equipment and solutions to meet the evolving needs of healthcare providers and patients.
The competitive landscape of the durable medical equipment market is characterized by continuous innovation, technological advancements, and a focus on enhancing patient care and quality of life. These key market players leverage their expertise and resources to develop and introduce new products that cater to the growing demand for medical equipment in healthcare settings. By investing in research and development, strategic partnerships, and market expansion initiatives, these companies stay at the forefront of the market, driving growth and shaping the future of the durable medical equipment industry. The collaboration between market players, healthcare providers, and regulatory bodies is instrumental in ensuring the delivery of high-quality, innovative**Global Durable Medical Equipment Market Analysis**
The global durable medical equipment market is a rapidly evolving industry driven by technological advancements, rising healthcare needs, and an aging population. The market is segmented into various categories, including medical furniture, bathroom safety products, personal mobility devices, monitoring and therapeutic devices, and others. Medical furniture, such as hospital beds and chairs, is in high demand due to the increasing need for specialized equipment in healthcare settings. Bathroom safety products cater to individuals with mobility challenges, while personal mobility devices enhance independence for patients. Monitoring and therapeutic devices are crucial for managing chronic conditions, and other equipment like braces and prosthetics also contribute significantly to the market.
Key market players such as Medtronic, Invacare Corporation, and Hill-Rom Services Inc. dominate the industry by offering innovative solutions that cater to diverse medical needs. Medtronic focuses on patient care and management with a wide range of durable equipment, while Invacare Corporation specializes in home and long-term care products. Hill-Rom Services Inc. provides advanced healthcare solutions, including hospital beds and patient lifts, essential for patient comfort in healthcare settings. Drive DeVilbiss Healthcare, Stryker, and Sunrise Medical (US) LLC also play significant roles in providing quality mobility products and respiratory care equipment to meet varying medical requirements.
The competitive landscape of the durable medical equipment market is marked by continuous innovation, technological advancements, and a focus on enhancing patient care and quality of life. Market players invest in research and development,
Core Objective of Durable Medical Equipment Market:
Every firm in the Durable Medical Equipment Market has objectives but this market research report focus on the crucial objectives, so you can analysis about competition, future market, new products, and informative data that can raise your sales volume exponentially.
- Size of the Durable Medical Equipment Market and growth rate factors.
- Important changes in the future Durable Medical Equipment Market.
- Top worldwide competitors of the Market.
- Scope and product outlook of Durable Medical Equipment Market.
- Developing regions with potential growth in the future.
- Tough Challenges and risk faced in Market.
- Global Durable Medical Equipment top manufacturers profile and sales statistics.
Highlights of TOC:
Chapter 1: Market overview
Chapter 2: Global Durable Medical Equipment Market
Chapter 3: Regional analysis of the Global Durable Medical Equipment Market industry
Chapter 4: Durable Medical Equipment 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
How the Report Aids Your Business Discretion?
- This section of this Market report highlights some of the most relevant factors and growth enablers that collectively ensure a high-end growth spurt
- The report unravels details on pronounced share assessments across both country-wise as well as region-based segments
- A leading synopsis of market share analysis of dynamic players inclusive of high-end industry veterans
- New player entry analysis and their scope of new business models
- The report includes strategic recommendations for new business veterans as well as established players seeking novel growth avenues
- A detailed consultation services based on historical as well as current timelines to ensure feasible forecast predictions
- A thorough evaluation and detailed study of various segments as well as sub-segments across regional and country-specific developments
- Details on market estimations, market size, dimensions
- A review of market competitors, their high-end product and service portfolios, dynamic trends, as well as technological advances that portray high end growth in this Market
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