Durable Medical Equipment Market is Projected to Rise at a Modest CAGR of 7% by 2023, Leading Manufacturers, Product types, Application, Market Sentiment, Focused Regions
Global “Durable Medical Equipment Market 2020-2023” has been providing up and changing the worldwide economy as far as growth rate, revenue, deal, market proposition, and scope. The Global Durable Medical Equipment market Consumption market report is an extensive analysis of this corporate field, which has been established to be one of the most profitable business verticals in futures. The Report specifies the complete estimate of Global Durable Medical Equipment market business terms, in addition to presenting a brief segmentation of the industry, the expansion opportunities, as well as Key region.
Top-Listed Players in Durable Medical Equipment Market Research Report 2020-2023
- ArjoHuntleigh
- Becton
- Dickinson and Company
- Carex Health Brands (Compass Health Brands)
- GF Health Products Inc.
- Hill-Rom Services Inc.
- Invacare Corporation
- Medline Industries
- Inc.
- Medtronic
- Stryker
- and Sunrise Medical
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Overview of Durable Medical Equipment Market:
The global durable medical equipment (DME) market is expected to register a CAGR of about 7.0% during the forecast period, 2020-2023. DMEs refers to the equipment providing therapeutic benefits to patients. The DME market is primarily driven by the rise of chronic diseases, technological advancements, and increasing government initiatives. Regional dynamics, the well-developed healthcare infrastructure, significant presence of multinational medical device companies, and well-planned reimbursement policies are among the major factors contributing to the dominance of the North American region in the DME market. Increasing Prevalence of Chronic and Lifestyle DisordersOver the last decade, there has been a rise in the prevalence of several chronic diseases, which in several cases need long hospital stays. Some of the major chronic diseases include cancer, kidney failure, and heart diseases, etc. The World Health Organization (WHO) states that approximately 30% (nearly 18 million people) of the global deaths can be attributed to cardiovascular diseases. Monitoring and therapeutics devices play major roles in the management and diagnosis of several heart diseases, such as congenital heart diseases, valvular diseases, and arterial stiffness, and the assessment of cardiac electrophysiology and cardiovascular health. In case of critical diabetic patients, continuous monitoring and control glycemic levels is essential. Moreover, the increasing prevalence of cancer accounts for a large number of deaths, globally. Thus, the increasing patient pool and prevalence of chronic diseases is anticipated to boost the growth of the DME market.Other factors driving this market are increasing technological advancements offering enhanced portability, patient comfort and utilities, and increasing demand and funding for monitoring and therapeutic devices.Lack of Skilled Professionals and Shortage of FacilitiesThe need for skilled professionals and improved facilities is increasing each year both in developed and emerging markets. These markets suffer from an inadequate supply of trained and qualified healthcare professionals, particularly physicians, medical laboratory professionals, nurses, paramedics, and technologists. As per a report from the International Journal of Africa Nursing Sciences, in 2017, poor infrastructure, inadequate resources, and the shortage of skilled staff were the primary reasons for the poor working conditions in public hospitals of South Africa. Similarly, Indian hospitals suffer from an acute shortage of paramedics and administrative professionals in emergency cases. The United States is also struggling with the demand of more efficiently trained nurses and other providers in its hospitals. Thus, it is one of the vital factor restricting the growth of durable medical equipment market.Other limitations include: stringent regulatory guidelines associated with medical supplies.The Asia-Pacific Region is Expected to Exhibit Fastest Growth Rate The Asia-Pacific region is poised to register the fastest growth rate due to the increasing R&D expenditure by governments and private companies in healthcare. Owing to a diversified patient population, the risk of life-threatening disorders in the region is high. Countries, such as China, Japan, and India, have witnessed an increased economic growth over the past five years which has helped develop improved healthcare infrastructure, thus, driving the growth of this market. The demographics in the emerging markets in the Asia-Pacific region is improving gradually. However, currently, measures undertaken by countries in the region are not conducive enough to drive accessibility and affordability in healthcare, compared to developed markets.
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Key Highlights from Durable Medical Equipment Market Report 2020.
Revenue and Sales Estimation — Historical Revenue and sales volume is presented and further data is triangulated with top-down and bottom-up approaches to forecast complete market size and to estimate forecast numbers for key regions covered in the report along with classified and well recognized Types and end-use industry. Additionally, macroeconomic factor and regulatory policies are as curtained in Durable Medical Equipment industry evolution and predictive analysis.
Manufacturing Analysis —the report is currently analyzed concerning various product type and application. The Durable Medical Equipment Market provides a chapter highlighting manufacturing process analysis validated via primary information collected through Industry and Key officials of profiled companies.
Competition — Leading players have been analyzed depending on their company profile, product portfolio, capacity, product/service price, sales, and cost/profit.
Demand & Supply and Effectiveness — Durable Medical Equipment Market report additionally provides distribution, Production, Consumption for the complete industry.
Durable Medical Equipment Market Top Regions (regional analysis covers):-
- North America (the USA, Canada, and Mexico)
- Europe (Germany, France, UK, Russia, and Italy)
- Asia-Pacific (China, Japan, Korea, India, and Southeast Asia)
- South America, Middle East, and Africa
Reasons to Purchase this Report
- Current and future of durable medical equipment market outlook in the developed and emerging markets
- Analysis of various perspectives of the market with the help of Porter’s five forces analysis
- The segment that is expected to dominate the market
- Regions that are expected to witness the fastest growth during the forecast period
- Identify the latest developments, market shares, and strategies employed by the major market players
- 3 months analyst support, along with the Market Estimate sheet (in excel)
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Durable Medical Equipment Market 2020 Report Brief:-
- The report covers forecast and analysis for the Durable Medical Equipment market on a global and regional level
- The report includes the drivers and the restraints that affect the growth of the market
- Detailed information about the market opportunities are discussed
- The key target audience for the market has been determined in the report
- The revenue generated by the prominent industry players has been analyzed in the report
- The market numbers have been calculated using top-down and the bottom-up approaches
- The market is segmented on the basis of product, technology, ownership, and end-user industry which in turn is bifurcated on the regional level as well
- All the segments have been evaluated based on the present and the future trends
- The report deals with the in-depth quantitative and qualitative analyses of the Durable Medical Equipment market
- The report includes detailed company profiles of the prominent market players
Look into Table of Content of Durable Medical Equipment Market 2020 Research Report at
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