DUBLIN, June 16, 2023 /PRNewswire/ — The “Durable Medical Equipment: Global Strategic Business Report” report has been added to ResearchAndMarkets.com’s offering.
The global market for Durable Medical Equipment estimated at US$207.1 Billion in the year 2022, is projected to reach a revised size of US$363 Billion by 2030, growing at a CAGR of 7.3% over the analysis period 2022-2030.
Monitoring & Therapeutic Devices, one of the segments analyzed in the report, is projected to record a 7.2% CAGR and reach US$295.3 Billion by the end of the analysis period.
Taking into account the ongoing post pandemic recovery, growth in the Personal Mobility Devices segment is readjusted to a revised 8.3% CAGR for the next 8-year period.
The U.S. Market is Estimated at $77.9 Billion, While China is Forecast to Grow at 10.4% CAGR
The Durable Medical Equipment market in the U.S. is estimated at US$77.9 Billion in the year 2022. China, the world’s second largest economy, is forecast to reach a projected market size of US$41.1 Billion by the year 2030 trailing a CAGR of 10.4% over the analysis period 2022 to 2030.
Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 5.2% and 7% respectively over the 2022-2030 period. Within Europe, Germany is forecast to grow at approximately 6.3% CAGR. Led by countries such as Australia, India, and South Korea, the market in Asia-Pacific is forecast to reach US$32.5 Billion by the year 2030.
Select Competitors (Total 537 Featured) –
- Arjo AB
- Cardinal Health, Inc.
- Compass Health Brands
- General Electric Company
- Getinge AB
- GF HEALTH PRODUCTS, INC.
- Hill-Rom Holdings, Inc.
- Invacare Corporation
- Koninklijke Philips N.V
- Medical Depot, Inc. dba Drive Devilbiss Healthcare
- Medline Industries, LP.
- Medtronic Plc
- Nihon Kohden Corporation
- OMRON Corporation
- Pride Mobility Products Corp.
- Shenzhen Mindray Bio-Medical Electronics Co., Ltd.
- Stryker Corporation
- Sunrise Medical Limited
Key Topics Covered:
I. METHODOLOGY
II. EXECUTIVE SUMMARY
1. MARKET OVERVIEW
- Influencer Market Insights
- World Market Trajectories
- Impact of Covid-19 and a Looming Global Recession
- Year 2021 and Beyond
- World Economic Growth Projections (Real GDP, Annual % Change) for 2020 through 2023
- COVID-19 Impact on Durable Medical Equipment (DME)
- Competition
- Durable Medical Equipment – Global Key Competitors Percentage Market Share in 2022 (E)
- Competitive Market Presence – Strong/Active/Niche/Trivial for Players Worldwide in 2022 (E)
- A Prelude to Durable Medical Equipment (DME)
- Global Market Prospects and Outlook
- Durable Medical Equipment Market Set to Witness Significant Growth
- Developed Regions Dominate, Developing to Drive Market Growth
- Recent Market Activity
- WORLD BRANDS
2. FOCUS ON SELECT PLAYERS
3. MARKET TRENDS & DRIVERS
- Rise in Aging Population Drives Demand for Durable Medical Equipment
- Global Aging Population Statistics for the 65+ Age Group in Million by Geographic Region for the Years 2019, 2025, 2035 and 2050
- Elderly Population (65+ Years) as a % of Total Population by Developed, Less Developed and Least Developed Regions: 2019 & 2030
- Life Expectancy at Birth in Years of People in Select Countries for 2020E
- Alarming Levels of Diabetes Incidence Worldwide Drives Demand for Blood Glucose Monitors Market
- World Diabetes and Population Statistics (2019, 2030 & 2045)
- Global Prevalence of Diabetes: Number of Adults Diagnosed with Diabetes (in Million) by Gender for 2019, 2030 and 2045
- World Diabetes Prevalence (2000-2019)
- Diabetes Emerges as One of the Leading Causes of Mortality
- Diabetes-Related Deaths as % of Total Deaths in Below 60 Years Population by Region: 2019
- High Prevalence of Respiratory Diseases to Drive Growth of Oxygen Equipment and Nebulizers Market
- Global Prevalence of COPD by Age Group: Percentage of Men and Women Affected by the Condition
- Global Household COPD Prevalence by Age Group and by Region: In Percentage
- Prevalence Percentage of COPD, Asthma, and Allergic Rhinitis for Select Countries: 2016
- Chronic Disease Management in Developed Countries (2019): Percentage Distribution of Patient Population by Chronic Disease Type in the US, Germany, and UK
- Personal Mobility Devices: Need for Mobility Drives Market Growth
- Global Personal Mobility Devices Market Breakdown (in %) by Product Type: 2021
- Favorable Trends in the Personal Mobility Devices Market Strengthen Market Prospects
- Wheelchairs: Meeting Mobility Needs of the Elderly & Disabled for Personal, Social, and Professional Fulfillment
- Global Wheelchairs Market Breakdown by Region/Country (in %): 2019
- Powered Wheelchairs: Superior Attributes over Manual Wheelchairs Drive Demand
- High-tech Wheelchairs for Spinal Cord Injury Patients
- Rising Incidence of Neurological Conditions Drives Market Growth
- Annual Incidence of Adult-Onset Neurologic Disorders in the US
- Technologically Advancements Drive Durable Medical Equipment Market
- AI & IoT: Inescapable Trends for Durable Medical & Remote Monitoring Equipment
- Connected Devices: Bright Future of Home Patient Care
- Advances Crystalizing Value Proposition of Durable Medical Equipment
- Connected Durable Medical Equipment
- Reimbursement Remains Key Determinant of Health of Durable Medical Equipment
- Coverage under Medicare
4. GLOBAL MARKET PERSPECTIVE
III. MARKET ANALYSIS
IV. COMPETITION
For more information about this report visit https://www.researchandmarkets.com/r/c9qrcp
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