Durable Medical Equipment Market To Witness Steady Expansion At 6.1% CAGR, Projected Valuation Of Nearly USD 315.90 Billion By 2029

Published: 2024-01-17
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Author: mahesh07
Published in: Business

Durable Medical Equipment Market To Witness Steady Expansion At 6.1% CAGR, Projected Valuation Of Nearly USD 315.90 Billion By 2029

Durable Medical Equipment Overview of the Market:

The extensive Durable Medical Equipment Market research offers a thorough examination of the competitive environment, including market share information and company profiles of significant international rivals. The study examines the Durable Medical Equipment Market and the variables influencing the growth of the industry in various geographical areas. The Durable Medical Equipment Market size is valued at USD 208.71 Billion in 2022 and is forecast to grow at a CAGR of 6.1% from 2023 to 2029, reaching nearly USD 315.90 Billion.

Market Scope:

Following market engineering—which comprised data triangulation, forecasts, market breakdowns, and statistics computations—in-depth primary research was carried out to collect, confirm, and validate critical data. Various data triangulation techniques were used in a combination of top-down and bottom-up approaches to estimate and forecast the market for both overall market segments and sub-segments. A thorough qualitative and quantitative analysis of all the data gathered during the market engineering process is included in the report.

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Durable Medical Equipment Market Segmentation:

The Durable Medical Equipment Market has following segments which gives the details about market by Technology, Product Type, End-user, Patient, Payer, Distribution Channel and by Region.

By Technology, the Durable Medical Equipment Market is segmented into Traditional and Technologically advanced. The traditional segment is the largest segment of the DME market with share of over 55%. The segment includes products that have been in use for many years which are walkers, wheelchairs and oxygen concentrators. The technologically advanced segment is the second largest segment with share of over 45%.

By Product Type, the Durable Medical Equipment Market is segmented into Mobility aids, Medical supplies and Other. The mobility aids segment is the largest segment of the DME market with share of over 35%. The segment includes products such as walkers, wheelchairs and scooters. The medical supplies segment is the second largest segment with share of over 30%.

by Technology

Traditional
Technologically advanced

by Product Type

Mobility aids
Medical supplies
Other

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Durable Medical Equipment Industrt 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.

Geographical Evaluation:

A regional overview addressing specific market influencers, modifications to market regulations impacting present and future trends, and an analysis of present and projected trends to assess overall market potential are all included in the Durable Medical Equipment market analysis. A thorough grasp of the market landscape is made possible by the evaluation of geographic markets, which is based on the current environment and anticipated trends.

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