Durable Medical Equipment Market Thrives at a 6.1% CAGR, Scaling to...

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Durable Medical Equipment Market Thrives at a 6.1% CAGR, Scaling to USD 315.90 Billion by 2029

Posted 2023-12-01 09:46:17

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With a projected valuation of USD 208.71 billion in 2022, the durable medical equipment market is expected to rise rapidly at a 6.1% CAGR from 2023 to 2029, reaching a sizeable USD 315.90 billion. This market includes the production, marketing, and distribution of medical devices intended for long-term patient use in various healthcare environments. Increased healthcare spending, technology improvements, a move toward home treatment, and compliance with regulations are some of the major causes. Innovation and strategic collaborations are given priority by both global and regional competitors in the competitive landscape. Specifically, insurance coverage and reimbursement practices have a big impact on market dynamics.

Durable Medical Equipment Market Report Scope and Research Methodology

Analyzing the present and potential state of the market is the goal of the Durable Medical Equipment Market study. It offers data on sales and revenue as well as worldwide demand and revenue generating. Additionally, the analysis divides the Durable Medical Equipment business into discrete sectors to assist clients in comprehending the several growth factors that are probably similar to one another. Leading companies in the Durable Medical Equipment sector, including market leaders, recent entrants, and followers, are included in the research. In order to assure correctness, it employs a top-down and bottom-up methodology and offers exclusive counsel on the development elements in minute detail. The Durable Medical Equipment market research from MMR is the outcome of an investigation that included a number of approaches, including SWOT, PORTER, and PESTEL analysis.

The research offers a comprehensive analysis of the growth strategies, geographical presence, production plants and capabilities, and product portfolios of the major players in the Durable Medical Equipment industry. A basic study of the Durable Medical Equipment market is also included in the report, together with information on the opportunities, trends, drivers, and constraints that are influencing the industry.

Obtain a PDF Report Sample of the Durable Medical Equipment Market : https://www.maximizemarketresearch.com/request-sample/206572

Durable Medical Equipment Market Regional Insights

The market study explores the Durable Medical Equipment industry in great detail, breaking it down into multiple regions. The report evaluates the following regions and countries: North America, South America, Europe, Asia Pacific (APAC), Africa, and the Middle East. Regional markets are thoroughly examined in the Durable Medical Equipment market research to identify trends, constraints, and potential opportunities.

Durable Medical Equipment Market Segmentation

The market for durable medical equipment is divided into two segments based on technology: traditional and technologically advanced. With a market share of more than 55%, the conventional category is the biggest in the DME industry. The products in this group include oxygen concentrators, wheelchairs, and walkers that have been around for a long time. With a share of more than 45%, the technologically advanced segment is the second largest. Mobility aids, medical supplies, and other make up the segments of the durable medical equipment market based on product type. With a market share of more than 35%, the mobility aids category is the biggest in the DME industry. Products including scooters, wheelchairs, and walkers are included in this category.

by Technology

Traditional
Technologically advanced

by Product Type

Mobility aids
Medical supplies
Other

by Patient

Adult
Pediatric

by End-User

Home healthcare
Inpatient care
Outpatient care

Request For Free Sample Report : https://www.maximizemarketresearch.com/request-sample/206572

Durable Medical Equipment Market Key Players

1. Medtronic
2. Philips Healthcare
3. ResMed Inc.
4. Hill-Rom Holdings, Inc.
5. Stryker Corporation
6. Becton, Dickinson and Company (BD)
7. Invacare Corporation
8. 3M Healthcare
9. GE Healthcare
10. Baxter International Inc.
11. Smith & Nephew
12. Abbott Laboratories
13. Johnson & Johnson
14. Fresenius Medical Care
15. Cardinal Health, Inc.

About Maximize Market Research:

Professionals from several sectors work at Maximize Market Research, a multidimensional market research and consulting company. We cover a wide range of industries, including those that produce pharmaceuticals, scientific and engineering, electronic components, industrial equipment, technology and communication, cars and automobiles, general merchandise, beverages, personal care, and chemical products and substances. We offer a variety of services, including competitive analysis, production and demand analysis, client impact studies, technical trend analysis, critical market research, market-verified industry estimations, and strategic advise.

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