San Francisco, 11
April , Durable
Medical Equipment (DME) Market Size, Share & Trends Analysis Report By
Product, By End Use (Hospitals, Nursing Homes), By Region (North America, MEA,
APAC, Europe), And Segment Forecasts, 2019 - 2026
The global durable medical equipment (DME) market size
is expected to reach USD 271.0 billion by 2026 registering a CAGR of 6.1%,
according to a new report by Grand View Research, Inc. The market is
primarily driven by rise in chronic diseases, such as kidney failures and
cancer. Moreover, technological advancements along with strong reimbursement
scenario will boost the DME market further. For instance, in January 2019,
WHILL, Inc., a U.S.-based personal electric vehicle, introduced new technology
WHILL autonomous drive at the Consumer Electronic Sow held at the Las Vegas. In
the past, Medicare has taken steps to bring reimbursement of DME products in
line with other payers.
In this direction, in December
2015, the Center for Medicare & Medicare Services (CMS) issued a new rule
of prior authorization process for DME, Prosthetics, Orthotics, and Supplies
(DMEPOS). The DMEPOS includes the master list of 135 items, which require prior
authorization before beneficiary receives an item. In addition, growing
geriatric population across the globe is likely to contribute to the industry
expansion. People aged 60 years or above are more prone to health issues, such
as diabetes, mobility issues, Cardiovascular Diseases (CVDs), and other
lifestyle problems. This creates demand for DME products. However, stringent regulatory
guidelines in developed economies and lack of skilled professionals may limit
the durable medical equipment market growth.
Access Full Research
Report On Durable Medical Equipment (DME) Market Analysis:
Further key findings from the study suggest:
·
Personal mobility devices
emerged as the largest segment owing to the launch of technologically advanced
products with more comfort and portability
·
Nursing homes is anticipated to
be the fastest-growing segment over the study period as these facilities offer
custodial care like skilled care, such as bathing and dressing
·
Europe led the market with the
largest share in 2018 and will witness a steady growth in future on account of
the presence of major companies in the region
·
Asia Pacific is expected to
register the highest CAGR from 2019 to 2026 owing to the presence of a large
target population base and improving healthcare facilities
·
Some of the key companies in
the global DME market are Invacare Corporation; ArjoHuntleigh; Stryker
Corporation; Hill Rom, Inc.; Drive Medical; GF Health Products, Inc.; Sunrise
Medical; Medline Industries, Inc.; and Carex Health Brands, Inc.
Browse More Reports Of This Category By
Grand View Research At: https://www.grandviewresearch.com/industry/medical-devices
Grand View Research has segmented the
global Durable Medical Equipment (DME) market on the basis of product, end use,
and region:
DME Product Outlook (Revenue,
USD Million, 2015 - 2026)
·
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 and Bedding Devices
·
Monitoring and Therapeutic
Devices
o
Blood Sugar Monitors
o
Continuous Passive Motion (CPM)
o
Infusion Pumps
o
Nebulizers
o
Oxygen Equipment
o
Continuous Positive Airway
Pressure (CPAP)
o
Suction Pumps
o
Traction Equipment
o
Others Equipment
DME End Use Outlook (Revenue,
USD Million, 2015 - 2026)
·
Hospital
·
Nursing Homes
·
Home Healthcare
·
Other
DME Regional Outlook (Revenue,
USD Million, 2015 - 2026)
·
North America
o
U.S.
o
Canada
·
Europe
o
Germany
o
U.K.
o
France
o
Italy
o
Spain
·
Asia Pacific
o
China
o
Japan
o
India
o
Australia
o
South Korea
·
Latin America
o
Brazil
o
Mexico
o
Argentina
o
Colombia
·
Middle East & Africa
o
South Africa
o
Saudi Arabia
o
UAE
Access Full Press Release of this Report: https://www.grandviewresearch.com/press-release/global-durable-medical-equipment-dme-market
About Grand View Research
Grand View Research, Inc. is a U.S. based
market research and consulting company, registered in the State of California
and headquartered in San Francisco. The company provides syndicated research
reports, customized research reports, and consulting services. To help clients
make informed business decisions, we offer market intelligence studies ensuring
relevant and fact-based research across a range of industries, from technology
to chemicals, materials and healthcare.
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