Durable Medical Equipment (DME) Market Is Expected To Witness Significant Growth Due To Increasing Prevalence of Chronic Diseases Till 2024 | Million Insights

“Million Insights – World\’s Fastest Growing Market Research Databasern”
According to new report available with Million Insights, the global durable medical equipment (DME) industry is anticipated to grow rapidly owing to increasing demand for powered wheelchairs and the modernizations in equipment.

Global Durable Medical Equipment (DME) Market is estimated to reach USD 242.1 billion by 2024 owing to the increasing prevalence of chronic diseases that require long-term care. Durable medical equipment enable therapeutic benefits to a patient arising out of medical condition or illness. DME are prescribed by a physician to primarily serve medical purposes. They comprise wheelchairs, traction equipment, hospital beds, crutches, canes, ventilators, pressure mattresses, oxygen monitors, walkers, kidney machines, nebulizers, etc. which are reusable and can also be appropriately used at home.

Durable medical equipment can be either used alone or in combination with other equipment as well for safety, monitoring and diagnosis of disease. They proficiently assist in recovering health of large population across globe. The enhancement of medical equipment technologies has improved diagnosis and treatments of patients. Earlier, where the wheelchairs were operated manually, today powered wheelchairs are widely replacing the manual ones.

Moreover, the growing demand for powered wheelchairs and the modernizations in equipment are projected to stimulate the growth of durable medical equipment (DME) industry in the years to come. Furthermore, the emergence of transfer lifts and mobility scooters in automated version is predicted to propel the growth of market significantly. These benefits are allowing people to avail more reliable healthcare systems and services which ultimately speed up their recovery chances.

Full Research Report On Global Durable Medical Equipment (DME) Market Analysis available at: https://www.millioninsights.com/industry-reports/durable-medical-equipment-dme-market

However, chronic diseases like neurological diseases, cardiac diseases and cancers are considerably contributing to durable medical equipment (DME) market. Along with the growing prevalence of chronic diseases, diseases like diabetic foot, pressure ulcers & cancer that need long-term patient care and postoperative recovery are expected to contribute impressively to the market in the long-run.

As compared to the expensive hospital stay, home healthcare is a comparatively economic option for patients today. Therefore, patients prefer to opt post-operative recovery and long-term care at home itself. The growing demand for home healthcare services open opportunities for the DME market players to up sell and cross sell various equipment. Hence, the explosion of home healthcare services has contributed comprehensively to the durable medical equipment (DME) industry. Also, the increasing geriatric population base worldwide is predicted to propel the industry in the forecast period.

Durable medical equipment (DME) market is categorized on the basis of equipment type, end-user, and geography. On the basis of equipment type, the market is divided into bathroom safety devices, personal mobility devices, monitoring and therapeutic devices and medical furniture. Personal mobility devices segment is further divided into crutches & canes, wheelchairs, walkers, etc.

Medical furniture is further classified into medical beds, stretchers, lift chairs, mattress, etc. In terms of end-user, durable medical equipment (DME) industry is segmented as hospitals, ambulatory surgical centers, home care settings, long-term care centers, etc. Hospital segment is projected to hold majority share of the market owing to increasing number of hospitals and growing government initiatives for improving the health care segment.

Geographically, the durable medical equipment market is segmented into North America, Latin America, Asia Pacific, Europe, and Middle East & Africa. Asia Pacific is predicted to hold larger share of the market in the coming years due to the growing population in this region and rising preference for invasive and non-invasive monitoring devices like oxygen equipment and negative pressure wound therapy (NPWT) pumps.

Furthermore, the increasing number of investments by governments of emerging economies to improve the healthcare sector is also predicted to impact the market positively. The prominent durable medical equipment (DME) industry players comprise Baxter International Inc., Stryker Corporation, Medtronicplc. Becton, Drive DeVilbiss Healthcare, Dickinson and Company, Medline Industries, Inc., Invacare Corporation, Sunrise Medical (US) LLC, ResMed, Inc., Medical Depot Inc., and Hill-Rom Holdings, Inc.

Request for Free Sample at: https://www.millioninsights.com/industry-reports/durable-medical-equipment-dme-market/request-sample

Market Segment:

Global Durable Medical Devices Product Outlook (Revenue, USD Million, 2013 – 2024)
    • Personal Mobility Devices
        • Wheelchairs
        • Scooters
        • Walker and Rollators
        • Cranes and Crutches
        • Door Openers
        • Other Devices
    • Bathroom safety devices and medical furniture
        • Commodes and Toilets
        • Mattress & Bedding Devices
    • Monitoring and therapeutic devices
        • Blood sugar monitors
        • Continuous passive motion (CPM)
        • Infusion pumps market
        • Nebulizers
        • Oxygen equipment
        • Continuous Positive Airway Pressure (CPAP)
        • Suction pumps
        • Traction equipment
        • 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
        • U.S.
        • Canada
    • Europe
        • UK
        • Germany
    • Asia Pacific
        • Japan
        • China
    • Latin America
        • Brazil
        • Mexico
    • MEA
        • South Africa
        • Saudi Arabia

Related Reports of this Category available at Million Insights: https://www.millioninsights.com/industry/medical-devices

About Million Insights
Million Insights, is a distributor of market research reports, published by premium publishers only. We have a comprehensive market place that will enable you to compare data points, before you make a purchase. Enabling informed buying is our motto and we strive hard to ensure that our clients get to browse through multiple samples, prior to an investment. Service flexibility & the fastest response time are two pillars, on which our business model is founded. Our market research report store, includes in-depth reports, from across various industry verticals, such as healthcare, technology, chemicals, food & beverages, consumer goods, material science & automotive.

For More Information: www.millioninsights.com

Media Contact
Company Name: Million Insights
Contact Person: Ryan Manuel
Email: Send Email
Phone: 91-20-65300184
Address:Office No. 302, 3rd Floor, Manikchand Galleria, Model Colony, Shivaji Nagar
City: Pune
State: Maharashtra
Country: India
Website: www.millioninsights.com/industry-reports/durable-medical-equipment-dme-market