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Durable Medical Equipment Market Set for Robust Expansion, Anticipated to Reach USD 335.17 Bn. by 20

Author : Mahesh chavan | Published On : 20 Feb 2024

Durable Medical Equipment Market Scope and Research Methodology

According to the forecast, the Durable Medical Equipment Market will grow at a steady rate between 2024 and 2030. The Durable Medical Equipment market research report covers import/export consumption, supply and demand, pricing, market share, market penetration, sales volume, revenue generated, and gross margins. In the Durable Medical Equipment market, the report examines each manufacturing site's capacity, production, market price, sales revenue, and market share. Some of the countries involved include the United States, Canada, Mexico, Germany, France, the United Kingdom (UK), Russia, Italy, China, Japan, Korea, India, Southeast Asia, Australia, and Brazil.

Durable Medical Equipment Market Research Reports offer qualitative and quantitative insights into key market development factors, constraints, opportunities, and issues in a global Durable Medical Equipment market. The study is based on forecasts from major organizations as well as market data. Market research includes sales growth figures at several regional and national market levels, a competitive climate for predicted periods, and individual firm valuations. The Durable Medical Equipment Market Report forecasts growth variables, current market share, various types, technologies, applications, and regional penetrations through 2030.

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Durable Medical Equipment Market Segment Analysis

Based on Product: The market is segmented into Personal Mobility Devices, Bathroom Safety Devices, Medical Furniture, and Monitoring and Therapeutic Devices. The Monitoring and Therapeutic Devices segment held the largest Durable Medical Equipment Market share in the global market in 2023. This is attributed to the surge in lifestyle-related diseases, necessitating vital statistics analysis, and an escalating demand for wireless monitoring devices.

The Bathroom Safety Devices segment is expected to grow at a high rate during the forecast period. This is attributed to the rising global prevalence of obesity and bariatric surgeries. The emergence of technologically advanced products prioritizing superior patient comfort and portability is anticipated to drive further expansion in this market segment.

Market Segmentation

By Product

Personal Mobility Devices
Bathroom Safety Devices
Medical Furniture
Monitoring and Therapeutic Devices

By End-User

Hospitals
Nursing Homes
Home Healthcare
Other

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Global Durable Medical Equipment Market Key Players include

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.

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Regional Analysis

Europe, North America, Asia-Pacific, the Middle East and Africa, and Latin America are the regions that comprise the Durable Medical Equipment market. The Durable Medical Equipment Industry Research examines the market's primary geographic condition, as well as its segments and sub-segments. The report analyzes regional development in terms of market size, share, and volume. The Durable Medical Equipment market report includes a geographic breakdown of the market and revenue, as well as an in-depth examination of the business network structure, opportunities, and news updates.

Key Questions answered in the Durable Medical Equipment Market Report are:

  • What is the current size and growth rate of the market?
  • What are the key drivers and challenges influencing market dynamics?
  • What are the major trends shaping the market?
  • How is the market segmented by product, application, region, or other relevant factors?
  • What are the market shares and growth prospects for each segment?

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