Global Durable Medical Equipment Market – Industry Trends and Forecast to 2028

Global Durable Medical Equipment Market, By Device Type (Personal Mobility Devices, Medical Furniture, Monitoring and Therapeutic Devices, Bathroom Safety Devices), End-User (Hospital/Clinic, Ambulatory Surgical Center, Research Centers, Home Healthcare, Others), Payer (Public, Private, Out-of-Pocket), Country (U.S., Canada, Mexico, Germany, Italy, U.K., France, Spain, Netherlands, Belgium, Switzerland, Turkey, Russia, Rest of Europe, Japan, China, India, South Korea, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia- Pacific, Brazil, Argentina, Rest of South America, South Africa, Saudi Arabia, UAE, Egypt, Israel, Rest of Middle East & Africa) Industry Trends and Forecast to 2028.

The durable medical equipment market is expected to gain market growth in the forecast period of 2021 to 2028. Data Bridge Market Research analyses the market to reach at an estimated value of 176.66 USD billion and grow at a CAGR of 5.84% in the above-mentioned forecast period. Rising patient preference for home-based care drives the durable medical equipment market.

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**Segments**

- On the basis of product type, the durable medical equipment market can be segmented into mobility devices, medical furniture, bathroom safety devices, monitoring and therapeutic devices, and others. Mobility devices include wheelchairs, walkers, and scooters which assist patients in moving around independently. Medical furniture includes items such as hospital beds, patient lifts, and support surfaces for patient comfort and safety. Bathroom safety devices like grab bars and shower chairs are essential for patients with limited mobility. Monitoring and therapeutic devices such as ventilators, oxygen equipment, and CPAP machines play a crucial role in managing chronic conditions.

- Geographically, the market can be divided into North America, Europe, Asia-Pacific, Latin America, and Middle East & Africa. North America has a significant share in the durable medical equipment market due to advanced healthcare infrastructure, technological advancements, and a high prevalence of chronic diseases. Europe follows closely behind with a growing aging population and increasing healthcare expenditure. The Asia-Pacific region is expected to witness the fastest growth due to improving healthcare facilities, growing geriatric population, and rising awareness about the importance of medical equipment.

**Market Players**

- Some of the key players in the global durable medical equipment market include Medtronic, Hill-Rom Services Inc., Stryker, Invacare Corporation, GF Health Products, Inc., Sunrise Medical (US) LLC, Compass Health Brands, Electric Mobility Euro Ltd., 21st Century Scientific, Inc., and Carex Health Brands. These companies are focusing on product development, strategic collaborations, and mergers and acquisitions to strengthen their market presence and expand their product portfolios. Improved reimbursement policies and a growing emphasis on home healthcare are driving the demand for durable medical equipment, creating opportunities for market players to innovate and cater to evolving patient needs.

https://www.databridgemarketresearch.com/reports/global-durable-medical-equipment-marketThe durable medical equipment market is witnessing significant growth driven by various factors such as the increasing prevalence of chronic diseases, technological advancements, and a growing aging population globally. One of the key trends shaping the market is the rising demand for home healthcare solutions, as patients prefer to receive care in the comfort of their homes. This trend is fueling the adoption of durable medical equipment that enables patients to manage their conditions independently. Additionally, the emphasis on preventive care and early intervention is driving the demand for monitoring and therapeutic devices that aid in disease management and improve patient outcomes.

Market players in the durable medical equipment industry are focusing on innovation and product development to meet the evolving needs of patients and healthcare providers. Strategic collaborations and partnerships with healthcare facilities and insurance providers are also enabling companies to expand their reach and enhance their market presence. With the increasing emphasis on value-based care and patient-centric approaches, manufacturers are developing advanced solutions that prioritize patient comfort, safety, and mobility.

Another key factor driving the growth of the durable medical equipment market is the implementation of favorable reimbursement policies by governments and insurance companies. Improved reimbursement policies are encouraging healthcare providers to invest in high-quality medical equipment that meets regulatory standards and enhances patient care. This, in turn, is boosting the adoption of durable medical equipment across various healthcare settings, including hospitals, clinics, and home healthcare settings.

Geographically, North America and Europe dominate the durable medical equipment market due to advanced healthcare infrastructure, a high prevalence of chronic diseases, and increasing healthcare expenditure. However, the Asia-Pacific region is poised to experience rapid growth in the market, driven by improving healthcare facilities, a growing geriatric population, and increasing awareness about the benefits of medical equipment in disease management. Latin America and the Middle East & Africa regions are also emerging as lucrative markets for durable medical equipment, with rising healthcare investments and a growing focus on enhancing healthcare access and quality.

In conclusion, the durable medical equipment market is poised for substantial growth in the coming years, driven by factors such as the increasing prevalence of chronic**Segments**

- Mobility devices such as wheelchairs, walkers, and scooters are crucial for assisting patients with mobility limitations. Medical furniture like hospital beds and support surfaces enhance patient comfort and safety. Bathroom safety devices such as grab bars and shower chairs cater to patients with limited mobility. Monitoring and therapeutic devices like ventilators and CPAP machines are essential for managing chronic conditions effectively.

**Market Players**

- Key players in the durable medical equipment market, such as Medtronic and Hill-Rom Services Inc., are actively engaged in product development and strategic collaborations to expand their market presence. The emphasis on home healthcare and improved reimbursement policies are driving the demand for durable medical equipment worldwide, creating opportunities for market players to innovate and meet evolving patient needs. Geographically, North America leads the market with advanced healthcare infrastructure, while the Asia-Pacific region is poised for rapid growth due to improving healthcare facilities and a rising geriatric population.

Market trends in the durable medical equipment sector include the increasing preference for home healthcare solutions, driving the adoption of equipment that enables patients to manage their conditions independently. Manufacturers are focusing on innovation and partnerships to cater to patient needs effectively. Favorable reimbursement policies are boosting the adoption of high-quality medical equipment, enhancing patient care across different healthcare settings. North America and Europe currently dominate the market, while the Asia-Pacific region shows immense growth potential due to advancing healthcare facilities and growing awareness of medical equipment benefits. Latin America and the Middle East & Africa are emerging markets with increased healthcare investments and a focus

Core Objective of Durable Medical Equipment Market:

Every firm in the Durable Medical Equipment Market has objectives but this market research report focus on the crucial objectives, so you can analysis about competition, future market, new products, and informative data that can raise your sales volume exponentially.

• Size of the Durable Medical Equipment Market and growth rate factors.
• Important changes in the future Durable Medical Equipment Market.
• Top worldwide competitors of the Market.
• Scope and product outlook of Durable Medical Equipment Market.
• Developing regions with potential growth in the future.
• Tough Challenges and risk faced in Market.
• Global Durable Medical Equipment top manufacturers profile and sales statistics.

Highlights of TOC:

Chapter 1: Market overview

Chapter 2: Global Durable Medical Equipment Market

Chapter 3: Regional analysis of the Global Durable Medical Equipment Market industry

Chapter 4: Durable Medical Equipment Market segmentation based on types and applications

Chapter 5: Revenue analysis based on types and applications

Chapter 6: Market share

Chapter 7: Competitive Landscape

Chapter 8: Drivers, Restraints, Challenges, and Opportunities

Chapter 9: Gross Margin and Price Analysis

How the Report Aids Your Business Discretion?

• This section of this Market report highlights some of the most relevant factors and growth enablers that collectively ensure a high-end growth spurt
• The report unravels details on pronounced share assessments across both country-wise as well as region-based segments
• A leading synopsis of market share analysis of dynamic players inclusive of high-end industry veterans
• New player entry analysis and their scope of new business models
• The report includes strategic recommendations for new business veterans as well as established players seeking novel growth avenues
• A detailed consultation services based on historical as well as current timelines to ensure feasible forecast predictions
• A thorough evaluation and detailed study of various segments as well as sub-segments across regional and country-specific developments
• Details on market estimations, market size, dimensions
• A review of market competitors, their high-end product and service portfolios, dynamic trends, as well as technological advances that portray high end growth in this Market

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