Durable medical equipment (DME) are reusable apparatus utilized in infirmary, polyclinic, and home care settings. Exemplar of DME are pushchairs, pedestrian or hospital beds. DME implemented at home care settings are recompensed below health insurance part A and part B scheme. Wide-ranging for DME may involve, pushchairs, ozone equipment, serologic analysis band, sticks, and locomotive appliances. This market has a powerful recompensation behind the scenes which is anticipated to have some effect on the comprehensive market. The patientโs medic must advice the particular long-lasting medical apparatus and it will require to be sanctioned by health insurance before buying. Medicaid is examining start-ups to assist combative instruction to show its compensation in line with further payers, thus can adversely affect some DME dealers and industrialists. For instance, In December 2015, Centers for Medicare and Medicaid Services (CMS) launched a new rule initiating an earlier granting method for some long lasting medical apparatus, prosthetics, orthotics, and supplies (DMEPOS). In this rule, DMEPOS items that were signaled for unwanted usage consisting a main list of 135 elements that will likely be subjected to earlier allowance and proper confirmation must be set forth for earlier clearance before recipient can get a thing and put forward a claim.
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Durable Medical Equipment Market โ Driver
Expanding number of hospitals, clinical and patient formalities, home health maintenance services is contemplated to upshot growing assumption of DME during the foresee period. For instance, in addition to the U.S. Bureau of Labor Statistics, the home health assistants and private care assistants are anticipated to elevate by 13 million in 2020 (a 70% increase from 2010). Additionally, the corporation anticipated that home Medicare utilization is anticipated to elevate at a rate of 55.0% from 2006 to 2016, thus promoting the development of this market.
Increasing number of patients that need continuous therapy, antidote delivery, and similar things is contemplated to drive development of the long-lasting medical apparatus market. Rising ubiquity of long-term situations such as malignancy, heart disorders, brain disorders, and gynecological disorders is directing to high need for durable care at home care settings and hospitals and this is contemplated to assist need for long lasting medical apparatus. For instance, according to the CDC, 2015, around 800,000 people in the U.S. died due to stroke and other heart diseases.
Moreover, prompted by the elderly statistics, there is a large drive to evolve apparatus that can assist to serve age-related situations such as mellitus, heart disorders, and other behavioral mess as soon as possible. Henceforth, increasing ageing population is an essential factor assisting for development of the DME market. For instance, in accordance with United Nations Organization, there were an approximate 962 million people aged 60 years or over in the world in 2017, consisting 13% of the world population and this population is constantly elevating at a rate of about 3% per year. Presently, Europe has the highest percentage of population aged 60 years or over (25%).
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๐๐๐ ๐ก๐ผ๐ ๐ง๐ผ ๐๐๐ฎ๐ถ๐น ๐๐ถ๐๐ฐ๐ผ๐๐ป๐ ๐๐ฟ๐ผ๐บ ๐ฎ๐ฑ-๐ฏ๐ฌ% ๐๐ถ๐น๐น ๐ฏ๐ญ-๐๐ฒ๐ฐ-๐ฎ๐ฌ๐ฎ๐ญ
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Durable Medical Equipmentย Market – Regional Analysis
The world durable medical equipment market is divided into North America, Latin America, Europe, Asia Pacific, Middle East, and Africa. North America clutch a huge market share in durable medical equipment market succeeded by Europe owed to huge patient pool with many diseases and rise in surgeries which need more number of durable medical equipment. Asia Pacific is anticipated to show high growth, owing to expanding investments by governments of arising economies in the healthcare sector. Furthermore, rise in inclination for noisy as well as non-noisy observing devices is also contemplated to shove the development of the market.
Durable Medical Equipmentย Market โ Competitive Landscape
The DME market is splintered with existence of huge to small scale players, and thus, the combat is high among players. Industry players with a complete folder are most probably to victoriously represent market share.
Key players in durable medical equipment market are Stryker Corporation, Baxter International, Inc. Medtronic plc. Becton, Dickinson and Company, Medline Industries, Inc., Invacare Corporation, Sunrise Medical (US) LLC, ResMed, Inc., Drive DeVilbiss Healthcare, Inc. (Medical Depot Inc.) Hill-Rom Holdings, Inc., and others. Key players are espousing lifeless development strategies such as unification and acquirement to withhold their post in the market. For instance, in 2017, Becton Dickinson finished the acquirement of C.R. Bard, Inc. and both organizations are concentrating on upgrading treatment of diseases for patients. Moreover, in February 2017, Hill-Rom accomplish Mortara Instrument, Inc., a Wisconsin-based medical device industrialists, to elevate their medical device product portfolio and revenue development.
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Table of Content
Chapter 1 Industry Overview
1.1 Definition
1.2 Assumptions
1.3 Research Scope
1.4 Market Analysis by Regions
1.5 Global Durable Medical Equipment Market Size Analysis from 2021 to 2027
11.6 COVID-19 Outbreak: Durable Medical Equipment Industry Impact
Chapter 2 Global Durable Medical Equipment Competition by Types, Applications, and Top Regions and Countries
2.1 Global Durable Medical Equipment (Volume and Value) by Type
2.3 Global Durable Medical Equipment (Volume and Value) by Regions
Chapter 3 Production Market Analysis
3.1 Global Production Market Analysis
3.2 Regional Production Market Analysis
Chapter 4 Global Durable Medical Equipment Sales, Consumption, Export, Import by Regions (2016-2021)
Chapter 5 North America Durable Medical Equipment Market Analysis
Chapter 6 East Asia Durable Medical Equipment Market Analysis
Chapter 7 Europe Durable Medical Equipment Market Analysis
Chapter 8 South Asia Durable Medical Equipment Market Analysis
Chapter 9 Southeast Asia Durable Medical Equipment Market Analysis
Chapter 10 Middle East Durable Medical Equipment Market Analysis
Chapter 11 Africa Durable Medical Equipment Market Analysis
Chapter 12 Oceania Durable Medical Equipment Market Analysis
Chapter 13 South America Durable Medical Equipment Market Analysis
Chapter 14 Company Profiles and Key Figures in Durable Medical Equipment Business
Chapter 15 Global Durable Medical Equipment Market Forecast (2021-2027)
Chapter 16 Conclusions
Research Methodology
Continued….
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