Dublin, April 09, 2024 (GLOBE NEWSWIRE) -- The "Durable Medical Equipment - Global Strategic Business Report" report has been added to ResearchAndMarkets.com's offering.
Global Durable Medical Equipment Market to Reach $363 Billion by 2030
The global market for Durable Medical Equipment estimated at US$222.2 Billion in the year 2023, is projected to reach a revised size of US$363 Billion by 2030, growing at a CAGR of 6.3% over the analysis period 2023-2030.
Durable Medical Equipment (DME) encompasses a range of essential healthcare devices crucial for patient care and treatment. Recent market activity reflects ongoing developments and innovations in the DME sector, highlighting the industry's dynamic nature. Leading brands worldwide play a crucial role in shaping the competitive landscape of the DME market, each vying for market share and striving for excellence in product offerings and service provision.
Monitoring & Therapeutic Devices, one of the segments analyzed in the report, is projected to record 6.3% CAGR and reach US$295.3 Billion by the end of the analysis period. Growth in the Personal Mobility Devices segment is estimated at 7.2% CAGR for the next 8-year period.
The U.S. Market is Estimated at $83.4 Billion, While China is Forecast to Grow at 9.1% CAGR
The global market for DME shows promising prospects and significant growth potential, with developed regions currently dominating but developing regions expected to drive future market expansion.
The Durable Medical Equipment market in the U.S. is estimated at US$83.4 Billion in the year 2023. China, the world's second largest economy, is forecast to reach a projected market size of US$41.1 Billion by the year 2030 trailing a CAGR of 9.1% over the analysis period 2023 to 2030. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 4.5% and 6.1% respectively over the 2023-2030 period. Within Europe, Germany is forecast to grow at approximately 5.5% CAGR.
Exciting New Report Features
- Full access to influencer engagement stats
- Complimentary report updates for one year
- Competitor coverage with global market shares of major players
- Player market presence analysis (Strong/Active/Niche/Trivial) across multiple geographies
- Access to curated YouTube video transcripts of domain experts/influencer interviews, podcasts, press statements and event keynotes
Key Attributes:
| Report Attribute | Details |
| No. of Pages | 1294 |
| Forecast Period | 2023 - 2030 |
| Estimated Market Value (USD) in 2023 | $222.2 Billion |
| Forecasted Market Value (USD) by 2030 | $363 Billion |
| Compound Annual Growth Rate | 7.3% |
| Regions Covered | Global |
MARKET OVERVIEW
- Durable Medical Equipment - Global Key Competitors Percentage Market Share in 2023 (E)
- Competitive Market Presence - Strong/Active/Niche/Trivial for Players Worldwide in 2023 (E)
- A Prelude to Durable Medical Equipment (DME)
- Global Market Prospects and Outlook
- Durable Medical Equipment Market Set to Witness Significant Growth
- Developed Regions Dominate, Developing to Drive Market Growth
- Recent Market Activity
- WORLD BRANDS
MARKET TRENDS & DRIVERS
- Rise in Aging Population Drives Demand for Durable Medical Equipment
- Global Aging Population Statistics for the 65+ Age Group in Million by Geographic Region for the Years 2019, 2025, 2035 and 2050
- Elderly Population (65+ Years) as a % of Total Population by Developed, Less Developed and Least Developed Regions: 2019 & 2030
- Life Expectancy at Birth in Years of People in Select Countries for 2023E
- Alarming Levels of Diabetes Incidence Worldwide Drives Demand for Blood Glucose Monitors Market
- World Diabetes and Population Statistics (2019, 2030 & 2045)
- Global Prevalence of Diabetes: Number of Adults Diagnosed with Diabetes (in Million) by Gender for 2019, 2030 and 2045
- World Diabetes Prevalence (2000-2045P)
- Diabetes Emerges as One of the Leading Causes of Mortality
- Diabetes-Related Deaths as % of Total Deaths in Below 60 Years Population by Region: 2023
- High Prevalence of Respiratory Diseases to Drive Growth of Oxygen Equipment and Nebulizers Market
- Global Prevalence of COPD by Age Group: Percentage of Men and Women Affected by the Condition
- Global Household COPD Prevalence by Age Group and by Region: In Percentage
- Prevalence Percentage of COPD, Asthma, and Allergic Rhinitis for Select Countries: 2023
- Chronic Disease Management in Developed Countries (2023): Percentage Distribution of Patient Population by Chronic Disease Type in the US, Germany, and UK
- Personal Mobility Devices: Need for Mobility Drives Market Growth
- Global Personal Mobility Devices Market Breakdown (in %) by Product Type: 2023
- Favorable Trends in the Personal Mobility Devices Market Strengthen Market Prospects
- Wheelchairs: Meeting Mobility Needs of the Elderly & Disabled for Personal, Social, and Professional Fulfillment
- Global Wheelchairs Market Breakdown by Region/Country (in %): 2023
- Powered Wheelchairs: Superior Attributes over Manual Wheelchairs Drive Demand
- High-tech Wheelchairs for Spinal Cord Injury Patients
- Rising Incidence of Neurological Conditions Drives Market Growth
- Annual Incidence of Adult-Onset Neurologic Disorders in the US
- Technologically Advancements Drive Durable Medical Equipment Market
- AI & IoT: Inescapable Trends for Durable Medical & Remote Monitoring Equipment
- Connected Devices: Bright Future of Home Patient Care
- Advances Crystalizing Value Proposition of Durable Medical Equipment
- Connected Durable Medical Equipment
- Reimbursement Remains Key Determinant of Health of Durable Medical Equipment
- Coverage under Medicare
FOCUS ON SELECT PLAYERS(Total 537 Featured)
- 3M Company
- Abbott Laboratories, Inc.
- 3M Healthcare Ltd.
- Accuray, Inc.
- A-dec, Inc.
- ACS Diagnostics Inc.
- Acoma Medical Industry Co., Ltd.
- Acceletronics, Inc.
- Accsys Technology, Inc.
- Accutome, Inc.
- ADInstruments Pty., Ltd.
- Advanced Radiation Therapy (AccuBoost)
- Activeaid, LLC
- Acare Technology Co., Ltd.
- Advanced Instrumentations
For more information about this report visit https://www.researchandmarkets.com/r/l1kg7d
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