Durable Medical Equipment Market 2022 Size, Business Statistics, Trends, and Top Companies Detailed Analysis by Forecast to 2028
The increasing geriatric population and growing prevalence of chronic diseases are the major factors driving the growth of the Global Durable Medical Equipment Market.
The global Durable Medical Equipment Market is valued at USD 158.21 Billion in 2018 and is expected to reach USD 239.79 Billion by 2025 with a CAGR of 6.12% over the forecast period.
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Scope of Global Durable Medical Equipment Market Report–
Durable medical equipment is a tool used in the patient’s home and is designed to help improve the quality of life for someone with a medical condition. It is further defined by the United States government under Medicare and most insurance plans for billing purposes. For example; According to Medicare, durable medical equipment is iron lungs, oxygen tents, nebulizers, CPAP, catheters, hospital beds, and wheelchairs. Medicare Part A typically only covers about 80% of the costs associated with durable medical equipment as long as the supplies are considered medically necessary and the patient also qualifies for the Home Health Benefit.
Disposable medical supplies are occasionally covered for items such as diabetic testing and administering supplies, feeding tubes, and colostomy supplies. Durable medical equipment also includes blood testing monitors and strips for individuals testing their glucose, with or without diabetes this type of medical equipment needs to be easy to use, and not surprisingly durable.
Defibrillator Companies:
Durable Medical Equipment Manufacturers:
largest durable medical equipment companies are,
- Invacare
- GF
- Hill Rom
- Sunrise Medical
- Drive Medical
- ArjoHuntleigh
- Medline
- Stryker
- Carex
- Others
Key Benefits for Global Durable Medical Equipment Market Report–
The global market report covers in-depth historical and forecast analysis.
The global market research report provides detailed information about Market Introduction, Market Summary, Global market Revenue (Revenue USD), Market Drivers, Market Restraints, Market opportunities, Competitive Analysis, and Regional and Country levels.
The global market report helps to identify opportunities in the marketplace.
The global market report covers an extensive analysis of emerging trends and the competitive landscape.
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Regional Analysis-
North America
- U.S., Canada
Europe
- Germany, France, the U.K., Italy, Spain, Sweden, Netherlands, Turkey, Switzerland, Belgium, Rest of Europe
Asia-Pacific
- South Korea, Japan, China, India, Australia, Philippines, Singapore, Malaysia, Thailand, Indonesia, Rest Of APAC
Latin America
- Mexico, Colombia, Brazil, Argentina, Peru, Rest of Latin America
The Middle East and Africa
- Saudi Arabia, UAE, Egypt, South Africa, Rest of MEA
Durable Medical Equipment Market Segmentation:–
By Type
- Personal Mobility Devices
- Bathroom Safety Devices
- Medical Furniture
- Monitoring and Therapeutic Devices
By Application
- Hospitals
- Nursing Homes
- Home Healthcare
- Others
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