Durable Medical Equipment Market is Predicted USD 377.20 Billion in Revenues by 2032 With CAGR of 6.1% | Polaris Market Research

Durable Medical Equipment Market

Durable Medical Equipment Market

Durable Medical Equipment Market: Enhancing Accessibility for Daily Living Tasks 

An ill or injured person may need a number of things to cope with an injury or illness. Depending on the severity of the disease or condition, the patient might require medications, vitamins, treatments, surgeries, etc. Along with these things, durable medical equipment can also be a part of the patient’s needs and care. In several cases, having access to durable medical equipment may make the real difference between relative discomfort and serious discomfort or even between life and death. As such, these equipment are often included in health care plans.

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“Global durable medical market size and share is currently valued at USD 210.85 billion in 2022 and is anticipated to generate an estimated revenue of USD 377.20 billion by 2032, according to the latest study by Polaris Market Research. Besides, the report notes that the market exhibits a robust 6.1% Compound Annual Growth Rate (CAGR) over the forecasted timeframe, 2023 – 2032″

What are Durable Medical Equipment Types?

Durable medical equipment (DME) are medical equipment that can withstand repeated use. DMEs primarily serve a medical purpose and are intended to last for months or even years. There are many categories of durable medical equipment. They include orthotics, prosthetic limbs, oxygen equipment, mobility aids, and personal care aids. DMEs are typically non-disposable and used outside healthcare facilities such as home and other settings. With the increasing number of people with disabilities, there has been a significant rise in investment and innovation in the DME sector, impacting the durable medical equipment market favorably.

Durable Medical Equipment Market Overview

Polaris Market Research has recently published its latest report titled Durable Medical Equipment Market: By Size, Latest Trends, Share, Huge Growth, Segments, Analysis and Forecast, 2032. The study offers an extensive outlook of the market, covering all the major aspects of the industry. It assesses the market on the basis of segments like product types, applications, and major regions. Also, it combines exhaustive qualitative and quantitative analysis to study the latest updates in the industry, along with their impact across the market.

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The research study focuses on Durable Medical Equipment Market share, size, competitive status, and development trends. Also, it sheds light on the cost analysis and supply chain optimization. Furthermore, market dynamics and consumer behavior are provided to help businesses make more informed decisions. The report is a must-read for investors, stakeholders, consultants, researchers, and anyone involved or planning to foray into the market.

Competitive Landscape

This section of the report covers an in-depth examination of the competitive environment in the industry. It introduces industry vendors from the perspective of market share, concentration ratio, etc. Also, it offers a thorough analysis of the Durable Medical Equipment Market key players to help readers gain an in-depth understanding of the competitive landscape in the industry. Furthermore, all the major strategic developments, such as mergers, acquisitions, and collaborations, are considered.

Top Key Players:

 

  • AireTex Compressor
  • Atlas Copco
  • Bauer Group
  • BelAire Compressors
  • Compressor Products International (CPI)
  • Cook Compression
  • Frank Compressors
  • Galaxy Auto Stationary Equipment Co. Ltd.
  • Gast Manufacturing, Inc.
  • GENERAL ELECTRIC
  • Ingersoll Rand Plc
  • Kaeser Compressors
  • MAT Industries, LLC

 

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Growth Factors

  • Market dynamics: All the key factors and major developments anticipated to boost the growth of the market are covered in the study.
  • Technological evolution: The report offers a thorough understanding of the emerging technologies that can influence the Durable Medical Equipment Market demand.
  • Innovation pathways: The study covers where innovations can take the market in the mid to long term.

Segmental Overview

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The Durable Medical Equipment Market is primarily segmented by type, application, end-use, and region. A proper splitting of the industry into different groups allows businesses to understand market preferences and trends better. Also, it helps industry players to develop new products/services that meet the needs of diverse consumer groups in the industry. Besides, a thorough overview of all the major sub-segments is included in the report.

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Polaris Market Research has segmented the Durable Medical Equipment market report based on product, end-use, and region:

Durable Medical Equipment, Product Outlook (Revenue – USD Billion, 2019 – 2032)

  • Monitoring and Therapeutic Devices
    • Continuous Positive Airway Pressure (CPAP)
    • Infusion Pumps Market
    • Traction Equipment
    • Blood Sugar Monitors
    • Nebulizers
    • Oxygen Equipment
    • Suction Pumps
    • Continuous Passive Motion (CPM)
    • Others Equipment
  • Personal Mobility Devices
    • Door Openers
    • Other Devices
    • Cranes and Crutches
    • Scooters
    • Walker and Rollators
    • Wheelchairs
  • Bathroom Safety Devices and Medical Furniture
    • Mattress & Bedding Devices
    • Commodes and Toilets

Durable Medical Equipment, End-Use Outlook (Revenue – USD Billion, 2019 – 2032)

  • Hospitals
  • Home Healthcare
  • Nursing Homes
  • Other End-user

Regional Analysis

This section of the study sheds light on the geographic analysis of the Durable Medical Equipment Market. It covers various aspects such as market share, gross margin, and growth rate to offer a thorough analysis of every region. Besides, it covers the regions with the highest growth potential and examines all the top sub-regions in the industry.

The Geographical Analysis Covers Following Key Regions:

  • North America (United States, Canada, and Mexico)
  • Europe (Germany, France, United Kingdom, Russia, Italy, and the Rest of Europe)
  • Asia-Pacific (China, Japan, Korea, India, Southeast Asia, and Australia)
  • South America (Brazil, Argentina, Colombia, and the rest of South America)
  • The Middle East and Africa (Saudi Arabia, United Arab Emirates, Egypt, South Africa, and the Rest of the Middle East and Africa)
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Key Features of the Report

  • The report offers an in-depth Durable Medical Equipment Market analysis to support informed decision-making.
  • It strengthens your business strategies and adds substance to your presentations with reliable research.
  • Offers crucial information on key market players, giving you a strategic edge.
  • Accurately assesses the changing competitive dynamics, keeping readers at the forefront of key developments and trends.
  • It provides a deep dive into the market with a meticulous breakdown of various market niches.

The Report Answers Questions Such As

  • What is the current market size and forecast value?
  • What are the key opportunities and challenges in the industry?
  • How emerging trends and technologies are shaping the future of the Durable Medical Equipment Market?
  • What is the estimated demand for different types of products/services in the market?
  • Who are the major players operating in the industry?
  • What are the projections of the industry considering capacity, production, and production value?

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