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Durable Medical Equipment Market to grow at a CAGR of 6.1 percent to hit USD 315.90 Bn by 2029

(Medical-NewsWire.com, August 27, 2023 ) Maximize Market research expects, the Durable Medical Equipment market to grow from USD 208.71 Bn in 2022 to USD 315.90 Bn in 2029 at a CAGR of 6.1 percent.



Durable Medical Equipment Market Report Scope and Research Methodology



The report includes Durable Medical Equipment Market trends, technology, and investment. It also includes statistics, various trends, drivers, opportunities, restraints, and every minute data relating to the Durable Medical Equipment Market necessary for forecasting its revenue with the list of key players in the industry.



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Durable Medical Equipment Market Dynamics



The escalating prevalence of chronic diseases such as diabetes, respiratory disorders, cardiovascular ailments and orthopedic conditions is increasing the demand for Durable Medical Equipment. The high costs associated with Durable Medical Equipment and complex insurance procedures are the main factors restraining the market growth.



Durable Medical Equipment Market Regional Insights



North American Durable Medical Equipment Market held the largest share of around 35 percent in 2022. Technological advancements especially in remote monitoring and telehealth solutions are shaping the market.



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Durable Medical Equipment Market Segmentation



By Technology



Traditional

Technologically advanced



By Product Type



Mobility aids

Medical supplies

Other



By Patient



Adult

Pediatric



By End-User



Home healthcare

Inpatient care

Outpatient care



By Distribution Channel



Direct-to-consumer

Retail

Institutional

By Payer



Private insurance

Public insurance

Out-of-pocket



Request For Free Sample Report: https://www.maximizemarketresearch.com/request-sample/206572



Durable Medical Equipment Key Players



Medtronic

Philips Healthcare

ResMed Inc.

Hill-Rom Holdings, Inc.

Stryker Corporation

Becton, Dickinson and Company (BD)

Invacare Corporation

3M Healthcare

GE Healthcare

Baxter International Inc.

Smith & Nephew

Abbott Laboratories

Johnson & Johnson

Fresenius Medical Care

Cardinal Health, Inc.



Maximize Market Research is leading Healthcare research firm, has also published the following reports:



Home Medical Equipment Market - The market size is expected to reach USD 5.16 billion by 2029 at a CAGR of 10.5 percent during the forecast period.



Medical Equipment Maintenance Market - The market size is expected to reach USD 101.2 billion by 2029 at a CAGR of 10.60 percent during the forecast period.



About Maximize Market Research:



Maximize Market Research provides B2B and B2C research on 6,500 high-growth emerging opportunities & technologies as well as threats to the companies across the Healthcare, Pharmaceuticals, Electronics & Communications, Internet of Things, Food and Beverages, Aerospace and Defense and other manufacturing sectors.

MAXIMIZE MARKET RESEARCH PVT. LTD.

Dnyaneshwari Yevale

09607365656

akash.r@maximizemarketresearch.com

Source: EmailWire.Com

Source: EmailWire.com


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