Published on : Feb 26, 2018
Albany, New York, February 26, 2018: With the increasing investment in the healthcare sector of emerging economies, the medical equipment’s market has grown significantly. One of the most important equipment that is used to help a patient heal from a certain medical condition and/or illness is called durable medical equipment. A fresh study, titled “Durable Medical Equipment (DME) Market - Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2017 – 2025” has been broadcasted to the wide repository of Market Research Hub (MRH), which provides a comprehensive analysis of the current as well as future growth prospects for the market. Moreover, the primary regions are analyzed for the purpose of evaluating the impact of the different factors mentioned in the research report.
At first, the study starts by outlining the durable medical equipment market overview. In addition, the report explores the market dynamics such as drivers, restraints, and opportunities that currently have a strong impact on the durable medical equipment market and how it could influence the market in the near future. According to the latest findings, the global durable medical equipment market was valued at US$112.30 mn in 2016 and is anticipated to reach US$228.65 mn by the end of 2025. During the forecast period of 2017 and 2025, the global market is credible to rise at an impressive CAGR of 8.3%. The growing awareness about patient’s wellbeing has given the global durable medical equipment market a much-needed push.
Geographical Analysis and Market Segmentation
This 192-page report also offers a holistic perspective on the growth of the market on the basis of revenue in US$ Million across key regional markets. Major regions highlighted in the study include North America, APAC, Latin America, MEA and Europe.
- In the present time, growing geriatric population across the world is anticipated to be a high impact rendering driver for durable medical equipment market. On the basis of Geography, Asia Pacific is expected to lead the global market in the coming years.
- Amongst the various types of equipment, the bathroom safety devices are expected to drive the global market. Increasing awareness about ensuring bathroom safety, especially within households, to avert traumatic injuries is expected to favor this segment in the near future.
- Based on end-users, global durable medical equipment (DME) market is further segmented into five types, viz. hospitals, long-term care centers, ambulatory surgical centers, home care settings, and others. Amongst, hospital segment held majority share of the overall global market.
As the report concludes, readers are offered information about the competitive landscape, which details about the various players active in the market. The details are based on attributes such as company overview, financial overview, SWOT analysis, key business strategies, product portfolio, and recent development. Key companies profiled in the report include as Becton, Dickinson and Company, Stryker Corporation, Baxter International, Inc. Medtronic plc., Invacare Corporation, Sunrise Medical (US) LLC, ResMed, Inc., Drive DeVilbiss Healthcare, Inc. (Medical Depot Inc.), Medline Industries, Inc., and Hill-Rom Holdings, Inc.
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