Market Research Future added a new research report on Global Durable Medical Equipment Market and included Current Trends of Market, Industry Size and Shares also the Top Players Success Milestone. MRFR gives Exclusive analysis of Market with Unique Information of Industry with forecast period 2018-2025
Key Players: Durable Medical Equipment Market
- Compass Health Brand (US),
- GE Healthcare (US),
- Getinge AB (US),
- GF Health Products Inc. (US),
- Invacare Corporation (US),
- Medtronic Inc. (Ireland),
- Sunrise Medical (UK),
- Koninklijke Philips NV (UK),
- Medline Industries Inc. (US),
- Masimo (US),
- ArjoHuntleigh (UK),
- Hill-Rom (US),
- Stryker (US)
- Medical Device Depot, Inc. (US)
are some of the key players in the global durable medical equipment market.
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Durable Medical Equipment Market – Overview
The Global Durable Medical Equipment Market is expected to grow significantly over the forecast period. It is anticipated that the market held a market value of USD 1,08,553.8 million in 2018 and is projected to grow at 6% CAGR over the forecast period.
Medical equipment can be classified into two types disposable medical equipment and durable medical equipment. Durable medical equipment is reusable and can be used for the long run. The medical devices such as insulin pump, ostomy bags, and hospital furniture are considered under durable medical equipment and are used for years.
The growing geriatric patient population, rising demand for medical equipment, and growing technological innovation in the medical devices industry are boosting the market growth. Additionally, the medical coverage provided for medical equipment drives market growth. The different private insurance companies provide insurance coverage for medical equipment drives market growth.
However, the high maintenance and equipment cost, stringent government regulation, and lack of skilled professionals to handle this equipment can hamper the market growth over the forecast period.
Segmentation: Durable Medical Equipment Market
The global market, based on device type, has been segmented into personal mobility devices, medical furniture, monitoring and therapeutic devices, and bathroom safety devices. The personal mobility devices segment has been sub-segmented into wheelchair, crutch and cane, walker and rollators, and other personal mobility devices. The medical furniture segment is sub-segmented into medical bed and mattress, lift chairs, stretchers, and others. The monitoring and therapeutic devices segment is sub-segmented into blood glucose monitor, oxygen equipment, vital sign monitor, continuous passive motion (CPM), infusion pump, traction equipment, ostomy bags and accessories, cardiology devices, orthopedic braces and support, diabetic supplies, and others. The bathroom safety devices segment has been sub-segmented into commode, toilet, and others.
The global market, by end user, has been segmented into hospital/clinic, ambulatory surgical center, research centers, home healthcare, and others.
Regional Analysis: Durable Medical Equipment Market
The Durable Medical Equipment Market has been segmented, by region, into the Americas, Europe, Asia-Pacific, and the Middle East & Africa.
The Durable Medical Equipment Market in the Americas has further been segmented into North America and Latin America, with the North American market divided into the US and Canada. The increasing patient population, presence of a large number of medical device companies, and rising demand for innovative medical equipment drive the market growth in this region.
The European Durable Medical Equipment Market has been segmented into Western Europe and Eastern Europe. Western Europe has further been classified as Germany, France, the UK, Italy, Spain, and the rest of Western Europe.
The Asia-Pacific Durable Medical Equipment Market has been segmented into Japan, China, India, Latin Korea, Australia, and the rest of Asia-Pacific.
The Durable Medical Equipment Market in the Middle East & Africa has been segmented into the Middle East and Africa. There is an increase in the market growth in this region due to the increasing development in healthcare infrastructure and growing economy in countries such as Kuwait, Iran, Israel, and Iraq.
LIST OF TABLES
Table 1 Global Durable Medical Equipment Market Industry Synopsis, 2019–2025
Table 2 Global Durable Medical Equipment Market Estimates & Forecast, 2019–2025, (USD Million)
Table 3 Global Durable Medical Equipment Market, By Region, 2019–2025, (USD Million)
Table 4 Global Durable Medical Equipment Market, By Device Type, 2019–2025, (USD Million)
Table 5 Global Durable Medical Equipment Market, By End Users, 2019–2025, (USD Million)
Table 6 North America: Durable Medical Equipment Market, By Device Type, 2019–2025, (USD Million)
Table 7 North America: Durable Medical Equipment Market, By End Users, 2019–2025, (USD Million)
Continued…
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LIST OF FIGURES
Figure 1 Research Application
Figure 2 Market Structure Of The Global Durable Medical Equipment Market
Figure 3 Market Dynamics Of The Global Durable Medical Equipment Market
Figure 4 Global Durable Medical Equipment Market Share, By Device Type 2018
Figure 5 Global Durable Medical Equipment Market Share, By End Users, 2018
Figure 6 Global Durable Medical Equipment Market Share, By Region, 2018
Figure 7 North America Durable Medical Equipment Market Share, By Country, 2018
Continued…
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