The Global Medical Equipment market is estimated to be worth US$ 179.17 Billion in 2019 and is poised to grow at a CAGR of 6.2% to register a market size of US$ 255.6 Billion in 2025.
The Global DME market offers an array of opportunities for SMEs due to the fund inflows into the sector and the early innovators are expected to benefit from this condition as they are set to disrupt the market with new products.
- Definition / Scope
- Market Overview
- Market Risks
- Market Trends
- Industry Challenges
- Technology Trends
- Other Key Market Trends
- Market Size and Forecast
- Market Outlook
- Technology Roadmap
- Competitive Landscape
- Competitive Factors
- Key Market Players
- Strategic Conclusion
Definition / Scope
Durable medical devices are instruments and items that have medical purposes and are capable of handling daily use. It is also known as home medical devices to provide patients with therapeutic benefits.
Sustainable medical equipment is intended for health, monitoring and disease diagnosis. They help improve population quality and safety worldwide and are used in wide-ranging applications.
Durable medical equipment is very useful for patients who are ill or undergoing other medical procedures. These are the devices that a family member or a patient caregiver can handle too.
Diagnosis and care for patients was improved with the aid of improving technologies for medical equipment. The use of DME is not intended for non-medical applications and is specifically related to patient comfort and therapeutic benefits.
The largest share of clinics and hospitals is in the Global Durable Medical Equipment market. With the growth of the healthcare sector the number of clinics and hospitals is inevitably growing.
Most of them focus on having advanced medical equipment and fitted surgical equipment, for example: walkers, wheelchair, bathroom safety devices and others which helps in the improvisation in diagnosis and treatment of diseases
Manufacturers are focused on developing technologically innovative medical devices that are easy to use and give patients a cost-effective and reliable diagnosis. This is further expected to significantly accelerate the growth of the global demand for durable equipment.
Growing numbers of well-equipped testing centers that own supplies, such as infusion pumps, mattresses, blood sugar monitors and bedding supplies, etc., help to enhance the overall patient experience.