Durable Medical Equipment Market size was valued at USD 180 billion in 2019 and is expected to witness more than 6% CAGR from 2021 to 2027.
Durable Medical Equipment (DME) is a piece of disposable equipment used in hospitals, clinics, and home care settings. Examples of DME are wheelchairs, walkers, or hospital beds. The DME used in a home care setting is paid under Medicare Part A and Part B Plans. Coverage for DME may include wheelchairs, oxygen equipment, blood test strips, crutches, and motorized mobility devices. This market has a strong rebate background that is expected to have some impact on the overall market. The patient’s doctor must prescribe certain durable medical equipment and must be approved by Medicare before purchasing. Medicare encourages competitive bidding, paying reimbursements according to different payers, which can have a negative impact on some DME distributors and manufacturers.
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Market Segments
By Product
- Personal Mobility Devices
- Monitoring and Therapeutic Devices
- Bathroom Safety Devices
- Medical Furniture
- Incontinent Pads
- Breast Pumps
- Catheters
- Consumables and Accessories
- Others
By Payer
- Public
- Private
- Out-of-pocket
By End-use
- Hospitals
- Home Healthcare
- Ambulatory Surgical Centers
- Others
Key Players
Compass Health Brand (US), GE Healthcare (US), Getinge AB (US), GF Health Products Inc. (US), Invacare Corporation (US), Medtronic Inc. (Ireland), Sunrise Medical (UK), Koninklijke Philips NV (UK), Medline Industries Inc. (US), Masimo (US), ArjoHuntleigh (UK), Hill-Rom (US), Stryker (US) and Medical Device Depot, Inc. (US) are some of the key players in the global durable medical equipment market.
Scope of the Report
The research study analyzes the global Durable Medical Equipment industry from 360-degree analysis of the market thoroughly delivering insights into the market for better business decisions, considering multiple aspects some of which are listed below as:
Recent Developments
o Market Overview and growth analysis
o Import and Export Overview
o Volume Analysis
o Current Market Trends and Future Outlook
o Market Opportunistic and Attractive Investment Segment
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Geographic Coverage
o North America Market Size and/or Volume
o Latin America Market Size and/or Volume
o Europe Market Size and/or Volume
o Asia-Pacific Market Size and/or Volume
o Rest of the world Market Size and/or Volume
Key Questions Answered by Durable Medical Equipment Market Report
1. What was the Durable Medical Equipment Market size in 2019 and 2020; what are the estimated growth trends and market forecast (2021-2027).
- What will be the CAGR of Durable Medical Equipment Market during the forecast period (2021-2027)?
3. Which segments (product type/applications/end-user) were most attractive for investments in 2021? How these segments are expected to grow during the forecast period (2021-2027).
4. Which manufacturer/vendor/players in the Durable Medical Equipment Market was the market leader in 2020?
5. Overview on the existing product portfolio, products in the pipeline, and strategic initiatives taken by key vendors in the market.
The report covers the following objectives:
- Proliferation and maturation of trade in the global Durable Medical Equipment market.
- The market share of the global Durable Medical Equipment market, supply and demand ratio, growth revenue, supply chain analysis, and business overview.
- Current and future market trends that are influencing the growth opportunities and growth rate of the global Durable Medical Equipment market.
- Feasibility study, new market insights, company profiles, investment return, revenue (value), and consumption (volume) of the global Durable Medical Equipment market.
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