Monday, 19 February 2024

Durable Medical Equipment Market Forecasted 6.1% CAGR, Set to Reach USD 315.90 Billion by 2029

Durable Medical Equipment Market Overview

The Durable Medical Equipment Market Research Report offers a thorough examination of market strategy, price analysis, short-term market conditions, micro and macro market trends and scenarios, and a close examination of significant competitors. In-depth discussions of primary and secondary research methodologies are included in the study, along with information on important market categories, market share, drivers, and regional market analyses. Durable Medical Equipment Market analysis examines key industries, joint ventures, mergers and acquisitions, as well as contemporary market innovation and strategy.

Global Durable Medical Equipment  Market Scope

The market report offers comprehensive insights into trends, dynamics, opportunities, and constraints. The most significant trends influencing business operations are found through research. It is useful to recognize the data from the research that establishes the competitive environment of important businesses, the variables influencing the size and volume of the market, and other elements that may be used to establish the present marketing strategy. To identify the Durable Medical Equipment market's advantages and disadvantages, a SWOT analysis was conducted.

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Market Segmentation

By Patient, the Durable Medical Equipment Market is segmented as Adult and Pediatric. The adult patient segment is the largest segment of the DME market with share of over 65%. Products are used by adults such as walkers, wheelchairs and oxygen concentrators. The pediatric patient segment is the second largest segment with share of over 35%. The segment includes products that are used by children such as braces, crutches and nebulizers.

by Patient

Adult
Pediatric

By End-user, the Durable Medical Equipment Market is segmented as Home healthcare, Inpatient care and Outpatient care. The home healthcare segment is the largest segment of the DME market with share of over 45%. The segment includes products that are used by people who are receiving care in their homes. The inpatient care segment includes products that are used by people who are receiving care in hospitals or other healthcare facilities. The outpatient care segment includes products that are used by people who are receiving care in doctor's offices or other outpatient settings.

by End-User

Home healthcare
Inpatient care
Outpatient care

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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.

Regional Analysis

The markets in Durable Medical Equipment are found in Europe, North America, Asia-Pacific, the Middle East and Africa, and Latin America. The Durable Medical Equipment Industry Research analyzes the market's major geographic areas as well as its segments and sub-segments. The Durable Medical Equipment market study includes a detailed examination of the business chain structure, opportunities, and company reports in addition to the geographic state of the region and total market revenue.

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About Maximize Market Research:

Maximize Market Research is a multifaceted market research and consulting firm that employs professionals from various industries. We cover a variety of industries, including medical devices, pharmaceutical manufacturers, science and engineering, electronic components, industrial equipment, technology and communication, cars and automobiles, chemical products and substances, general merchandise, beverages, personal care, and automated systems. To name a few, we offer market-verified industry forecasts, technical trend analysis, critical market research, strategic advice, competition analysis, production and demand analysis, and client impact studies.

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