Westford,USA, July 26, 2023 (GLOBE NEWSWIRE) -- According to SkyQuest, the durable medical equipment market is anticipated to experience significant growth, primarily driven by the rising prevalence of various medical conditions. There has been an increasing incidence of cancer, cardiac disorders, neurological diseases, and gynecological complications globally, leading to a higher demand for medical equipment that can aid in diagnosis, treatment, and patient care.
Browse in-depth TOC on the "Durable Medical Equipment Market"
- Pages - 260
- Tables - 94
- Figures – 76
The durable medical equipment market is experiencing robust growth, primarily driven by two key factors. There is a growing focus on home care settings for managing medical conditions and illnesses in patient populations. As healthcare systems aim to provide more personalized and patient-centric care, the shift towards home-based medical management is gaining traction.
Get a sample copy of this report:
https://www.skyquestt.com/sample-request/durable-medical-equipment-market
Report Scope & Segmentation:
| Attributes | Details |
| Market Size in 2022 | USD 207.99Billion |
| 2030 Value Projection | USD 329.01Billion |
| CAGR | 5.9% |
| Forecast Period | 2023-2030 |
| Segments Covered |
|
| Regions Covered |
|
Prominent Players in the Durable Medical Equipment Market
- Invacare Corporation
- Drive Medical
- Hill-Rom Holdings, Inc.
- Stryker Corporation
- ArjoHuntleigh
- Medline Industries, Inc.
- Permobil AB
- Sunrise Medical LLC
- GF Health Products, Inc.
- Pride Mobility Products Corporation
- Medtronic plc
- Otto Bock Healthcare
- DJO Global, Inc.
- ResMed Inc.
- Becton, Dickinson and Company (BD)
- 3M Health Care
- Smith & Nephew plc
- Baxter International Inc.
- Teleflex Incorporated
- Zimmer Biomet Holdings, Inc.
Monitoring and Therapeutic Devices Segment is Expected to Grow in the Market Due to the Prevalence of Lifestyle-Related Diseases
The monitoring and therapeutic devices segment dominated the durable medical equipment market with an impressive market share of 89.4%. This segment is expected to continue its growth trajectory during the forecast period, fueled by several key factors. The prevalence of lifestyle-related diseases, such as diabetes, cardiovascular disorders, and respiratory ailments, is rising worldwide.
Browse summary of the report and Complete Table of Contents (ToC):
https://www.skyquestt.com/report/durable-medical-equipment-market
The markets inthe North America emerged as the dominant durable medical equipment market, capturing the largest revenue share of 32.5%. The region's strong market presence can be attributed to several key factors. The recent economic slowdown has led to an increased preference for rental services, as it offers a more cost-effective solution for patients and healthcare facilities alike.
Bathroom Safety and Medical Furniture Segment is Expected to Dominate the Market Due toIncreasing Prevalence of Chronic Diseases
The bathroom safety and medical furniture segment emerged as the dominant force in the durable medical equipment market, commanding the largest revenue share of 56.4%. The significant growth of this segment can be attributed to the increasing prevalence of chronic diseases that require long-term care, prompting higher demand for rental services for essential equipment in patient homes.
Regional markets in the Asia Pacific are projected to experience significant growth, emerging as the fastest-growing durable medical equipment market. Several factors are driving this rapid expansion. The region is witnessing a rising target population base, with an increasing number of individuals affected by chronic diseases.
A comprehensive analysis of the major players in the durable medical equipmentmarket has been recently conducted in a report. The report encompasses various aspects, including collaborations, mergers, innovative business policies, and strategies, providing valuable insights into key trends and breakthroughs in the market. Furthermore, the report scrutinizes the market share of the top segments and presents a detailed geographic analysis. Lastly, the report highlights the major players in the industry and their endeavours to develop innovative solutions to cater to the growing demand.
Speak to Analyst for your custom requirements:
https://www.skyquestt.com/speak-with-analyst/durable-medical-equipment-market
Key Developments in the Durable Medical Equipment Market
- DexCom Inc. achieved a significant milestone by receiving the CE Mark for its Dexcom G7 Continuous Glucose Monitoring (CGM) System in 2022. This approval allows the company to market and distribute the innovative CGM system in Europe, catering to individual’s aged two years and older living with diabetes, including pregnant women. The Dexcom G7 CGM System offers continuous and real-time monitoring of glucose levels, enabling better management of diabetes and providing patients with valuable insights into their health.
- ASPIRE recently made a noteworthy contribution to the healthcare industry by introducing the ASPIRE SOCIALITE WHEELCHAIR in Australia. This cutting-edge transport chair is designed to be ultra-lightweight while boasting a safe working load capacity of 115kg, making it suitable for a wide range of users with varying mobility needs.
Key Questions Answered in Durable Medical Equipment Market Report
- What specific growth drivers are projected to impact the market during the forecast period?
- List the top companies in the market and explain how they have achieved their positions of influence.
- In what ways do regional trends and patterns differ within the global market, and how these differences shape the market's future growth?
Related Reports in SkyQuest’s Library:
Global Stereotactic Surgery Devices Market
Global Interspinous Spacers Market
Global Respiratory Disease Testing Market
Global Invisible Orthodontics Market
About Us:
SkyQuest Technology is leading growth consulting firm providing market intelligence, commercialization and technology services. It has 450+ happy clients globally.
Address:
1 Apache Way, Westford, Massachusetts 01886
Phone:
USA (+1) 617-230-0741
Email: sales@skyquestt.com
