Our website publishes news, press releases, opinion and advertorials on various financial organizations, products and services which are commissioned from various Companies, Organizations, PR agencies, Bloggers etc. These commissioned articles are commercial in nature. This is not to be considered as financial advice and should be considered only for information purposes. It does not reflect the views or opinion of our website and is not to be considered an endorsement or a recommendation. We cannot guarantee the accuracy or applicability of any information provided with respect to your individual or personal circumstances. Please seek Professional advice from a qualified professional before making any financial decisions. We link to various third-party websites, affiliate sales networks, and to our advertising partners websites. When you view or click on certain links available on our articles, our partners may compensate us for displaying the content to you or make a purchase or fill a form. This will not incur any additional charges to you. To make things simpler for you to identity or distinguish advertised or sponsored articles or links, you may consider all articles or links hosted on our site as a commercial article placement. We will not be responsible for any loss you may suffer as a result of any omission or inaccuracy on the website.

At a CAGR of 6.12% | Durable Medical Equipment Market Size 2021, Industry Analysis, Growth Factors, Revenue, Outlook And Forecast Report To 2027

The ‘Durable Medical Equipment Market’ research report provides a succinct analysis on the recent market trends. In addition, the report offers a thorough abstract on the statistics, market estimates and revenue forecasts, which further highlights its position in the industry, in tandem with the growth strategies adopted by leading industry players.

Global Durable Medical Equipment Market is valued at USD 158.21 Billion in 2018 and expected to reach USD 239.79 Billion by 2025 with the CAGR of 6.12% over the forecast period.

Increasing geriatric population and growing prevalence of chronic diseases are the major factors drive the growth of Global Durable Medical Equipment Market.

Get Sample Copy of This Premium Report https://brandessenceresearch.com/requestSample/PostId/966

**The sample pages of this report is immediately accessible on-demand.**

Durable medical equipment are tools used in the patient's home and are designed to help improve the quality of life for someone with a medical condition. It is further defined by the United States government under Medicare, and most insurance plans for billing purposes. For example; According to Medicare, durable medical equipment is definitely iron lungs, oxygen tents, nebulizers, CPAP, catheters, hospital beds, and wheelchairs. Medicare Part A typically only covers about 80% of the costs associated with durable medical equipment as long as the supplies are considered medically necessary and the patient also qualifies for the Home Health Benefit. Disposable medical supplies are occasionally covered for items such as diabetic testing and administering supplies, feeding tubes and colostomy supplies. Durable medical equipment also includes blood testing monitors and strips for individuals testing their glucose, with or without diabetes this type of medical equipment needs to be easy to use, and not surprisingly durable.

Global Durable medical equipment market report is segmented on the basis of source type, application and regional & country level. Based upon type, durable medical equipment market is classified as personal mobility devices, bathroom safety devices, medical furniture, monitoring and therapeutic devices. Based upon application, durable medical equipment market is classified as hospitals, nursing homes, home healthcare and others.

The regions covered in this Global Durable Medical Equipment market report are North America, Europe, Asia-Pacific and Rest of the World. On the basis of country level, market of Durable Medical Equipment market is sub divided into U.S., Mexico, Canada, UK, France, Germany, Italy, China, Japan, India, South East Asia, GCC, Africa, etc.

Durable Medical Equipment Manufacturers:

Global Durable medical equipment market Report covers prominent players are like,

  • Invacare
  • GF
  • Hill Rom
  • Sunrise Medical
  • Drive Medical
  • ArjoHuntleigh
  • Medline
  • Stryker
  • Carex
  • Others

Increasing Geriatric Population and Prevalence of Chronic Diseases are the Major Factors Driving the Growth of Global Durable Medical Equipment Market.

Increasing elderly population base across the globe is regarded as the major factor contributing to drive the growth of global durable medical equipment market. The number of older population aged 80 years and above is projected to grow at a much faster rate than the younger population. According to World health organization, between 2015 and 2050, proportion of the world’s population over 60 years will double from 12% to 22%. By 2020, the number of people aged 60 years and older will outnumber children younger than 5 years. In 2050, 80% of older people will be living in low- and middle-income countries. Additionally, the prevalence of chronic diseases is also expected to foster the growth of durable medical equipment market. The burden of chronic diseases is rapidly increasing worldwide. According to World health organization, chronic diseases contributed approximately 60% of the 56.5 million total reported deaths in the world and approximately 46% of the global burden of disease. The proportion of the burden of Non communicable diseases is expected to increase to 57% by 2020.

However, high equipment and maintenance costs, scarcity of skilled professionals, and stringent regulatory rules are factors which may hamper the durable medical equipment market growth during the forecast period. In spite of that, new technologies such as needle-free diabetic care, medication administration equipment, and durable medical equipment, such as medical beds and lift chairs, and growing usage of monitoring devices in healthcare industry can provide various opportunities for the further growth of the durable medical equipment market.

North America is Expected to Dominate the Global Durable Medical Equipment Market

North America is expected to dominate the global durable medical equipment market due to the rising incidences of chronic diseases such as cancer, multiple sclerosis, and rheumatoid arthritis in this region. Arthritis is the leading cause of disability, and causes pain, aching, stiffness and swelling of the joints. The Centers for Disease Control and Prevention March 2017 Vital Signs announced data estimating that 54.4 million U.S. adults suffer from arthritis equating to about 25% of the population. By 2040, an estimated 78 million (26%) U.S. adult’s ages 18 years or older are projected to have doctor diagnosed arthritis. Europe is second largest region for in this market due to increasing geriatric population in this region. According to aging report, the old-age dependency ratio in the Europe is projected to increase by 21.6 percentage points, from 29.6% in 2016 to 51.2% in 2070.

Key Benefits for Global Durable Medical Equipment Market Report–

Global market report covers in depth historical and forecast analysis.

Global market research report provides detail information about Market Introduction, Market Summary, Global market Revenue (Revenue USD), Market Drivers, Market Restraints, Market opportunities, Competitive Analysis, Regional and Country Level.

Global market report helps to identify opportunities in market place.

Global market report covers extensive analysis of emerging trends and competitive landscape.

Durable Medical Equipment Market Segmentation:–

By Type: Personal Mobility Devices, Bathroom Safety Devices, Medical Furniture, Monitoring and Therapeutic Devices

By Application: Hospitals, Nursing Homes, Home Healthcare, Others

Regional & Country Analysis
North America, U.S., Mexico, Canada , Europe, UK, France, Germany, Italy , Asia Pacific, China, Japan, India, Southeast Asia, South America, Brazil, Argentina, Columbia, The Middle East and Africa, GCC, Africa, Rest of Middle East and Africa

Request for Methodology Report @https://brandessenceresearch.com/requestMethodology/PostId/966

Table of Contents

1 Report Overview
1.1 Study Scope
1.2 Key Market Segments
1.3 Players Covered
1.4 Market Analysis by Type
1.4.1 Global Durable Medical Equipment Market Size Growth Rate by Type (2014-2025)
1.4.2 Topical Products
1.4.3 Botulinum
1.4.4 Dermal Fillers
1.4.5 Chemical Peels
1.4.6 Microabrasion Equipment
1.4.7 Laser Surfacing Treatments
1.5 Market by Application
1.5.1 Global Durable Medical Equipment Market Share by Application (2014-2025)
1.5.2 Hospitals
1.5.3 Dermatology Clinics
1.6 Study Objectives
1.7 Years Considered

2 Global Growth Trends
2.1 Durable Medical Equipment Market Size
2.2 Durable Medical Equipment Growth Trends by Regions
2.2.1 Durable Medical Equipment Market Size by Regions (2014-2025)
2.2.2 Durable Medical Equipment Market Share by Regions (2014-2019)
2.3 Industry Trends
2.3.1 Market Top Trends
2.3.2 Market Drivers
2.3.3 Market Opportunities

3 Market Share by Key Players
3.1 Durable Medical Equipment Market Size by Manufacturers
3.1.1 Global Durable Medical Equipment Revenue by Manufacturers (2014-2019)
3.1.2 Global Durable Medical Equipment Revenue Market Share by Manufacturers (2014-2019)
3.1.3 Global Durable Medical Equipment Market Concentration Ratio (CR5 and HHI)
3.2 Durable Medical Equipment Key Players Head office and Area Served
3.3 Key Players Durable Medical Equipment Product/Solution/Service
3.4 Date of Enter into Durable Medical Equipment Market
3.5 Mergers & Acquisitions, Expansion Plans

Get Full Report:https://brandessenceresearch.com/medical-device/durable-medical-equipment-market-size

Other Trending Reports:

Sports sponsorship Market size is expected to reach $89.60 Bn by 2027

Corona Virus Vaccine Market Size is Projected to reach 75.75 Billion by end of 2021

About Us: Brandessence Market Research and Consulting Pvt. ltd.

Brandessence market research publishes market research reports & business insights produced by highly qualified and experienced industry analysts. Our research reports are available in a wide range of industry verticals including aviation, food & beverage, healthcare, ICT, Construction, Chemicals and lot more. Brand Essence Market Research report will be best fit for senior executives, business development managers, marketing managers, consultants, CEOs, CIOs, COOs, and Directors, governments, agencies, organizations and Ph.D. Students. We have a delivery center in Pune, India and our sales office is in London.

Contact us at: +44-2038074155 or mail us at sales@brandessenceresearch.com