The global durable medical equipment (DME) market is expected to reach USD 242.1 billion by 2024, according to a new report by Grand View Research, Inc. With the aid of government funding and public private partnership the numbers of healthcare settings are increasing. This is anticipated to create opportunities for market players facilitating demand for DME. Home healthcare is a cost effective alternative, and growing usage of these equipment in home healthcare acts as a vital driver for the market growth. Geriatric population is key target population for these devices. Growing geriatric population base is anticipated to accentuate the growth. Furthermore, geriatric population is susceptible to develop chronic diseases which demands long term care hence, increasing geriatric population coupled with rising prevalence of chronic disorders is projected to foster the usage of durable medical equipment.
View summary of this report @ http://www.grandviewresearch.com/industry-analysis/durable-medical-equipment-dme-market
Further key findings from the study suggest:
·
On the basis of product, the market is segmented
into personal mobility devices, bathroom safety devices & medical
furniture, and monitoring devices. Personal mobility devices owing to their
rising demand and technological advancements held significant share in 2015.
·
The end-users of DME include hospitals, nursing
homes and home healthcare. Hospitals spearheaded the end-use segment due to
greater economies of scale, which is governing factor for their significant
growth.
·
Home healthcare is anticipated to exhibit
lucrative growth over the forecast period. Reducing length of hospital stay is
key strategy implemented to reduce the cost. Reduction in length of stay
increases focus towards home healthcare. For long term care and post-operative
recovery home healthcare is preferred which is expected to boost the demand in
home healthcare.
·
North America held commanding shares in global
durable medical equipment market in 2015. Federal government urges for quality
patient care, which is facilitating the usage of innovative equipment which in
turn impacted growth of DME in this region.
·
Asia Pacific is projected to witness lucrative
growth over the forecast period. Improving healthcare infrastructure,
availability of medical professionals, and increasing number of healthcare
facilities are the key factors for significant growth.
·
The key players of the DME market include
Invacare Corporation, Sunrise Medical, ArjoHuntleigh, Hill Rom, Inc, Stryker
Corporation, Medline Industries Inc., Drive Medical, GF Health Products Inc.,
and Carex Health Brands, Inc. New product developments, collaborations, mergers
and acquisitions are the key initiatives undertaken by players in this
industry.
·
For instance, in May 2015, Hill-Rom launched the
Compella bariatric bed to transform the bariatric care of the organization,
this imitative is anticipated to increase the penetration in DME market.
Browse
more reports of this category by Grand View Research: http://www.grandviewresearch.com/industry/medical-devices
Grand View Research has segmented the global DME market on the basis of product, end-use and region.
Global Durable Medical Devices Product Outlook (Revenue, USD Million, 2013 - 2024)
·
Personal Mobility Devices
o
Wheelchairs
o
Scooters
o
Walker and Rollators
o
Cranes and Crutches
o
Door Openers
o
Other Devices
·
Bathroom safety devices and medical furniture
o
Commodes and Toilets
o
Mattress & Bedding Devices
·
Monitoring and therapeutic devices
o
Blood sugar monitors
o
Continuous passive motion (CPM)
o
Infusion pumps market
o
Nebulizers
o
Oxygen equipment
o
Continuous Positive Airway Pressure (CPAP)
o
Suction pumps
o
Traction equipment
o
Others equipment
Global Durable Medical Devices End-Use Outlook (Revenue, USD
Million, 2013 - 2024)
·
Hospital
·
Nursing Homes
·
Home Healthcare
·
Other End-User
Durable Medical Devices Regional Outlook (Revenue, USD Million, 2013
- 2024)
·
North America
o
U.S.
o
Canada
·
Europe
o
UK
o
Germany
·
Asia Pacific
o
Japan
o
China
·
Latin America
o
Brazil
o
Mexico
·
MEA
o
South Africa
o
Saudi Arabia
For press release of this report - http://www.grandviewresearch.com/press-release/global-durable-medical-equipment-dme-market
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