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Durable Medical Equipment Market 2019 Significant Growth Rate by Industry Size, Share, Market Dynamics, Development Status of Key Players Forecast to 2024

Durable

The “Durable Medical Equipment Market” research report 2019 delivers comprehensive information about the market ranging from the establishment to the predictable growth trend. Durable Medical Equipment market report provides brief analytical data of the market contenders globally using advanced methodological approaches, such as SWOT analysis, production chain, cost, sales margin, financial details, recent developments. Durable Medical Equipment market report also offers market competitors that includes detailed company profiles along with company product specifications.

Market Overview:

  • The durable medical equipment market is primarily driven by the rise of chronic diseases, technological advancements, and increasing government initiatives. The market is expected to witness a CAGR of 6.3% during the forecast period, owing to the well-developed healthcare infrastructure, the significant presence of multinational medical device companies, and well-planned reimbursement policies, among others.
  • 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 an improved healthcare infrastructure, thus, driving the growth of this market.

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    In Durable Medical Equipment Market Report, Following Companies Are Covered:

  • Compass Health Brands
  • GE Healthcare
  • Getinge AB
  • GF Health Products Inc.
  • Medtronic Inc.
  • Invacare Corporation
  • Masimo
  • Medline Industries Inc.
  • Koninklijke Philips NV
  • Sunrise Medical

    Durable Medical Equipment Market 2019 report will help the industry aspirants in arranging their strategies. The measurements offered in this report will be an exact and helpful manual to shape the business development. Additionally, will Provide historical data along with a future forecast and detailed analysis and also expected opportunities.

    Scope of the Report:

  • As per the scope of this report, durable medical equipment (DME) are the devices and products that serve medical purposes and that can tolerate frequent and/or subsequent usage. The patients now prefer availing post-operative and long-term care at home. Hence, the rising demand for home healthcare services opens possibilities for the DME market players to sell and cross-sell the various products.

    Reasons for Buying Durable Medical Equipment Market Report:

    • This report provides pin-point analysis for changing competitive dynamics
    • It provides a forward looking perspective on different factors driving or restraining market growth
    • It provides a five-year forecast assessed on the basis of how the market is predicted to grow
    • It helps in understanding the key product segments and their future
    • It provides pin point analysis of changing competition dynamics and keeps you ahead of competitors
    • It helps in making informed business decisions by having complete insights of market and by making in-depth analysis of market segments

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    Key Market Trends:

    Hospital/Clinic Segment holds the Largest Market Share and is Expected to Retain its Dominance

    The hospital segment is expected to hold the maximum share in the global durable medical equipment market. The growth of the segment is mainly attributed to a high volume of patients coming to hospitals and greater financing capabilities. Technological advancements in medical equipment are helping in the improvisation in diagnosis and treatment of diseases.

    As development in the healthcare sector is being followed, there is an increase in the number of hospitals across the developing and developed nations. These increasing number of hospitals and clinics have well-equipped surgical equipment, such as wheelchairs, beds, walkers, bathroom safety devices, monitoring and therapeutic devices, and other equipment.

    There is also a rising number of well-equipped diagnostic centers, which have equipment, such as blood sugar monitors, infusion pump, mattress and bedding devices, etc., that help in improving the total patient outcomes. There are also many insurance plans that reimburse the cost of repair and maintenance of the hospital medical equipment, and, therefore, a majority of hospitals are adopting these insurance policies. Therefore, the growth in the medical devices industry drives the hospital segment of the market

    North America Captured the Largest Market Share and is Expected to Retain its Dominance

    North America holds the largest share in the market, with the United States being the largest contributor to its revenue. In the United States, the Federal Drug and Food Administration (FDA) is responsible for regulating the sale of medical devices/products. The FDA also oversees the monitoring of safety in these regulated products. According to Select USA (a US government sponsored forum), the United States is the largest medical device market in the world. The country represents approximately 40% of the global medical device market. Overall, the United States is the largest market for durable medical equipment and may continue to retain its position over the forecast period. The main drivers of growth are likely to be the increasing population of elderly people and increasing chronic disease prevalence, which may indirectly fuel the adoption of durable medical equipment.

    The Research Document Will Answer Following Questions Such as:

    • What are the cutting-edge technologies responsible for driving the growth of the market?
    • What are the main applications of the market? What are the growth prospects to the market applications into the market?
    • At what stage of development are the key market products?
    • What are the shortcomings that has to face to become commercially viable? Is their growth and commercialization dependent on cost declines or technological/application breakthroughs?
    • What is the outlook for the industry?
    • What difference does performance characteristics of Durable Medical Equipment create from those of established entities?

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    Detailed TOC of Durable Medical Equipment Market Report 2019-2024:

    1 INTRODUCTION
    1.1 Study Deliverables
    1.2 Study Assumptions
    1.3 Scope of the Study

    2 RESEARCH METHODOLOGY

    3 EXECUTIVE SUMMARY

    4 MARKET DYNAMICS
    4.1 Market Overview
    4.2 Market Drivers
    4.2.1 Increasing Prevalence of Chronic and Lifestyle-related Disorders
    4.2.2 Technological Advancements in Portability, Patient Comfort, and Utilities
    4.2.3 Increasing Demand and Funding for Monitoring and Therapeutic Devices
    4.3 Market Restraints
    4.3.1 Stringent Regulatory Requirements Related with Medical Supplies
    4.3.2 Lack of Skilled Professionals and Shortage of Facilities
    4.4 Industry Attractiveness – Porter’s Five Forces Analysis
    4.4.1 Threat of New Entrants
    4.4.2 Bargaining Power of Buyers/Consumers
    4.4.3 Bargaining Power of Suppliers
    4.4.4 Threat of Substitute Products
    4.4.5 Intensity of Competitive Rivalry

    5 MARKET SEGMENTATION
    5.1 By Device Type
    5.1.1 Personal Mobility Devices
    5.1.1.1 Wheelchair
    5.1.1.2 Crutch and Cane
    5.1.1.3 Walker
    5.1.1.4 Other Personal Mobility Devices
    5.1.2 Medical Furniture and Bathroom Safety Devices
    5.1.2.1 Medical Bed and Mattress
    5.1.2.2 Commode and Toilet
    5.1.2.3 Other Medical Furniture and Bathroom Safety Devices
    5.1.3 Monitoring and Therapeutic Devices
    5.1.3.1 Blood Glucose Monitor
    5.1.3.2 Oxygen Equipment
    5.1.3.3 Vital Sign Monitor
    5.1.3.4 Infusion Pump
    5.1.3.5 Other Monitoring and Therapeutic Devices
    5.2 By End User
    5.2.1 Hospital/Clinic
    5.2.2 Ambulatory Surgical Center
    5.2.3 Other End Users
    5.3 Geography
    5.3.1 North America
    5.3.1.1 United States
    5.3.1.2 Canada
    5.3.1.3 Mexico
    5.3.2 Europe
    5.3.2.1 Germany
    5.3.2.2 United Kingdom
    5.3.2.3 France
    5.3.2.4 Italy
    5.3.2.5 Spain
    5.3.2.6 Rest of Europe
    5.3.3 Asia-Pacific
    5.3.3.1 China
    5.3.3.2 Japan
    5.3.3.3 India
    5.3.3.4 Australia
    5.3.3.5 South Korea
    5.3.3.6 Rest of Asia-Pacific
    5.3.4 Middle East & Africa
    5.3.4.1 GCC
    5.3.4.2 South Africa
    5.3.4.3 Rest of Middle East & Africa
    5.3.5 South America
    5.3.5.1 Brazil
    5.3.5.2 Argentina
    5.3.5.3 Rest of South America

    6 COMPETITIVE LANDSCAPE
    6.1 Company Profiles
    6.1.1 Compass Health Brands
    6.1.2 GE Healthcare
    6.1.3 Getinge AB
    6.1.4 GF Health Products Inc.
    6.1.5 Medtronic Inc.
    6.1.6 Invacare Corporation
    6.1.7 Masimo
    6.1.8 Medline Industries Inc.
    6.1.9 Koninklijke Philips NV
    6.1.10 Sunrise Medical

    7 MARKET OPPORTUNITIES AND FUTURE TRENDS

     

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