Durable Medical Equipment Market Growth strategies With Leading Key Players – Invacare Corporation, Intco Medical
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Growing aging population and increasing adoption of advanced medical equipment in developing countries
VANCOUVER, BC, CANADA, June 21, 2022 /EINPresswire.com/ -- The global durable medical equipment market size is expected to reach USD 305.17 Billion in 2028 at a steady CAGR over the forecast period, according to latest analysis by Emergen Research.
Increasing number of disabled care centers and surgical and outpatient services, hospital, and elderly care homes, and major prevalence of cancer, ophthalmic ailments, cardiac disorders, neurological conditions, and gynecological disorders, coupled with rapidly increasing geriatric population, continuous technological advancements in medical equipment manufacturing are some major factors boosting revenue growth of the global durable medical equipment market. Durable medical equipment is designed to manage various medical conditions, illnesses, and offer therapeutic benefits and convenience to patients.
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The report further studies the key companies operating in the industry and their company profiles, product portfolio, expansion strategies, and strategic alliances such as mergers and acquisitions, collaborations, and joint ventures, among others. It also offers insights into their market reach and global position, along with highlights about their achievements and financial standings.
Some major companies in the global market report include
Invacare Corporation, GE Healthcare, Stryker Corporation, Hill Rom, Inc., Drive Medical, GF Health Products, Inc., Sunrise Medical, Medline Industries, Inc., Carex Health Brands, Inc., and Intco Medical.
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Key Findings From the Report:
In February 2021, InfuSystem acquired FilAMed. This acquisition will help InfuSystem to broaden and enhance its biomedical services offerings within its DME platform and provide the opportunity for the company to enter into the acute care market.
Hospital segment accounted for major revenue share among the other end-use segments in the global market in 2020. Rising number of hospitals and development in hospital infrastructure are the key factors driving revenue growth in this segment.
Asia Pacific is expected to register the fastest CAGR throughout the forecast period, which can be attributed to rapid development in medical infrastructure, growing investment in medical equipment manufacturing, and rising adoption of advanced medical equipment.
Regional Overview:
The global Durable Medical Equipment market has been categorized on the basis of key geographical regions into North America, Asia Pacific, Europe, Latin America, and Middle East & Africa. It evaluates the presence of the global Durable Medical Equipment market in the major regions with regards to market share, market size, revenue contribution, sales network and distribution channel, and other key elements.
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Emergen Research has segmented the global durable medical equipment market based on product type, payers, end-use, and region:
Product Type Outlook (Revenue, USD Billion; 2018–2028)
Bathroom Safety Devices and Medical Furniture
Personal Mobility Devices
Monitoring and Therapeutic Devices
Payer Outlook (Revenue, USD Billion; 2018–2028)
Private
Public
Out-of-Pocket
End-Use Outlook (Revenue, USD Billion; 2018–2028)
Clinics
Hospitals
Long Term Care Centers
Home Care Settings
Ambulatory Surgical Centers
Others
Global Durable Medical Equipment Market Report – Table of Contents:
Chapter 1 includes the global Durable Medical Equipment market introduction, followed by the market scope, product offerings, growth opportunities, market risks, driving forces, and others.
Chapter 2 broadly categorizes the Durable Medical Equipment market on the basis of geography, and determines the sales, revenue, and market shares of each region over the estimated period.
Chapter 3 elaborates on the competitive outlook of the Durable Medical Equipment market, focusing on the major manufacturers and vendor landscape.
Chapter 4 exhaustively studies the key manufacturers of the Durable Medical Equipment industry, along with their anticipated sales and revenue shares.
Chapters 5 includes market segmentation based on product type, application range, and market players.
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