Kenneth Research published a report titled “Durable Medical Equipment (DME) Market: Global Demand Analysis & Opportunity Outlook 2031” which delivers detailed overview of the durable medical equipment in terms of market segmentation by device, end user, and by region.
Further, for the in-depth analysis, the report encompasses the industry growth indicators, restraints, supply and demand risk, along with detailed discussion on current and future market trends that are associated with the growth of the market.
Access full description of the report: https://www.kennethresearch.com/report-details/durable-medical-equipment-dme-market/10070523
Increasing geriatric population, and rising demand for home healthcare services are driving the demand for durable medical equipment. For instance, according to the World Ageing Population Report 2019 by the United Nations, the number of people aged 65 years and above was 703 million, globally, in 2019 and is expected to double to be more than 1.5 billion in 2050. Owing to these factors, the global durable medical equipment (DME) market is estimated to garner approximately USD 270 billion in revenue by the end of 2031 by growing at a CAGR of nearly ~6% throughout the forecast period, i.e., 2022 – 2031.
The global market is segmented by device into personal mobility devices, medical furniture, bathroom safety devices, monitoring and therapeutic devices, and others. Out of these segments, the personal mobility devices segment is anticipated to hold the major share over the forecast period. The growth can be attributed to the launch of the technologically advanced products with more comfort and portability.
Geographically, the market is segmented into five major regions including North America, Europe, Asia Pacific, Latin America and Middle East & Africa region. Among these regions, the market in North America is estimated to hold the largest share of the market and witness significant growth over the forecast period. The factors driving the market growth in the region are increasing chronic diseases, and growing adoption for home-based monitoring devices. Additionally, the market in Asia Pacific region is projected to grow at the highest rate over the forecast period.
The research is global in nature and covers detailed analysis on the market in North America (U.S., Canada), Europe (U.K., Germany, France, Italy, Spain, Hungary, Belgium, Netherlands & Luxembourg, NORDIC [Finland, Sweden, Norway, Denmark], Poland, Turkey, Russia, Rest of Europe), Latin America (Brazil, Mexico, Argentina, Rest of Latin America), Asia-Pacific (China, India, Japan, South Korea, Indonesia, Singapore, Malaysia, Australia, New Zealand, Rest of Asia-Pacific), Middle East and Africa (Israel, GCC [Saudi Arabia, UAE, Bahrain, Kuwait, Qatar, Oman], North Africa, South Africa, Rest of Middle East and Africa). In addition, analysis comprising market size, Y-O-Y growth & opportunity analysis, market players’ competitive study, investment opportunities, demand for future outlook etc. has also been covered and displayed in the research report.
Increasing Utility of Durable Medical Equipment for Diverse Aspects to Boost the Market Growth
The increasing utility of durable medical equipment for diverse aspects, such as BP monitoring, blood glucose analyzers, nebulizers and many others are expected to increase the demand for these products. This is a key factor that is anticipated to drive the growth of the market during the forecast period. Additionally, increased manufacturing of critical medical equipment, and improved healthcare facilities are further expected to boost the market in upcoming years.
However, high cost involved in the manufacturing of durable medical equipment, and lack of skilled personnel to operate the equipment are expected to operate as key restraints to the growth of the global DME market over the forecast period.
This report also provides the existing competitive scenario of some of the key players of the global durable medical equipment (DME) market which includes company profiling of Stryker, NIHON KOHDEN CORPORATION, General Electric Company, GF Health Products, Inc., Medtronic, Getinge AB, Compass Health Brands, Dun & Bradstreet, Inc., Koninklijke Philips N.V., Medical Device Depot, Inc., and others.
The profiling enfolds key information of the companies which encompasses business overview, products and services, key financials and recent news and developments. On the whole, the report depicts detailed overview of the global durable medical equipment (DME) market that will help industry consultants, equipment manufacturers, existing players searching for expansion opportunities, new players searching possibilities and other stakeholders to align their market centric strategies according to the ongoing and expected trends in the future.
Get a sample copy of the report: https://www.kennethresearch.com/sample-request-10070523
Kenneth Research is a leading service provider for strategic market research and consulting. We aim to provide unbiased, unparalleled market insights and industry analysis to help industries, conglomerates and executives to take wise decisions for their future marketing strategy, expansion and investment etc. We believe every business can expand to its new horizon, provided a right guidance at a right time is available through strategic minds. Our out of box thinking helps our clients to take wise decision in order to avoid future uncertainties.
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