Durable Medical Equipment (DME) Market Size, Status, Global Outlook 2021 To 2026
The Durable Medical Equipment (DME) Market Perspective, Comprehensive Analysis along with Major Segments and Forecast, 2020-2025. The Durable Medical Equipment (DME) market report is a valuable source of data for business strategists. The process for developing an updated forecast and creating the market report involves the compilation and analysis of all derivative or application sectors with a country-wise analysis of demand trends, taking into account the economic, political, and legislative environment. We have taken a holistic approach to formulate and develop a clear market model for accurate market numbers. This Durable Medical Equipment (DME) Market study provides comprehensive data that enhances the understanding, scope, and application of this report.
Top Companies in the Global Durable Medical Equipment (DME) Market
The global Durable Medical Equipment (DME) market is valued at 178500 million US$ in 2020 and will reach 302100 million US$ by the end of 2026, growing at a CAGR of 6.9% during 2021-2026.
Durable Medical Equipment (DME) is medical equipment that durable can be used in the home, and have at least 3 years of life expectancy. The prevalence of chronic conditions, such as heart disorders, cancer, gynecological disorders, and neurological disorder is on a rise, the demand for long-term care and hospitalization for treatment of these disorders is anticipated to facilitate the demand for durable medical equipment.
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The hospital segment is expected to hold the maximum share in the global durable medical equipment market. The growth of the segment is mainly attributed to a high volume of patients coming to hospitals and greater financing capabilities. Technological advancements in medical equipment are helping in the improvisation in the diagnosis and treatment of diseases.
The Asia-Pacific region is poised to register the fastest growth rate, due to the increasing R&D expenditure by governments and private companies in healthcare. Owing to a diversified patient population, the risk of life-threatening disorders in the region is high. Countries, such as China, Japan, and India, have witnessed increased economic growth over the past five years, which has helped develop an improved healthcare infrastructure, thus, driving the growth of this market.
North America holds the largest share in the market, with the United States being the largest contributor to its revenue. In the United States, the Federal Drug and Food Administration (FDA) is responsible for regulating the sale of medical devices/products. The FDA also oversees the monitoring of safety in these regulated products. According to Select USA (a US government-sponsored forum), the United States is the largest medical device market in the world. The country represents approximately 40% of the global medical device market. Overall, the United States is the largest market for durable medical equipment and may continue to retain its position over the forecast period. The main drivers of growth are likely to be the increasing population of elderly people and increasing chronic disease prevalence, which may indirectly fuel the adoption of durable medical equipment.
The Durable Medical Equipment (DME) market can be divided based on product types and its sub-type, major applications and Third Party usage area, and important regions.
This report segments the global Durable Medical Equipment (DME) Market based on Types are:
Personal Mobility Devices
Bathroom Safety Devices
Medical Furniture, Monitoring and Therapeutic Devices
Based on Application, the Global Durable Medical Equipment (DME) Market is Segmented into:
Regions Are covered By Durable Medical Equipment (DME) Market Report 2020 To 2026.
North America, Europe, China, Japan, Southeast Asia, India.
North America (USA, Canada, and Mexico).
Europe (Germany, France, UK, Russia, and Italy).
Asia-Pacific (China, Japan, Korea, India, and Southeast Asia).
The report has 150 tables and figures browse the report description and TOC
Significant Features that are under Offering and Key Highlights of the Reports:
-Detailed overview of the Durable Medical Equipment (DME) Market
-Changing Durable Medical Equipment (DME) market dynamics of the industry
-In-depth market segmentation by Type, Application, etc.
-Historical, current, and projected Durable Medical Equipment (DME) market size in terms of volume and value
Recent industry trends and developments
-Competitive landscape of the Durable Medical Equipment (DME) Market
-Strategies of key players and product offerings
-Potential and niche segments/regions exhibiting promising growth.
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