Durable Medical Equipment Market size was valued at USD 180 billion in 2019 and is expected to witness more than 6% CAGR from 2021 to 2027.
Durable Medical Equipment (DME) is a piece of disposable equipment used in hospitals, clinics, and home care settings. Examples of DME are wheelchairs, walkers, or hospital beds. The DME used in a home care setting is paid under Medicare Part A and Part B Plans. Coverage for DME may include wheelchairs, oxygen equipment, blood test strips, crutches, and motorized mobility devices. This market has a strong rebate background that is expected to have some impact on the overall market. The patient’s doctor must prescribe certain durable medical equipment and must be approved by Medicare before purchasing. Medicare encourages competitive bidding, paying reimbursements according to different payers, which can have a negative impact on some DME distributors and manufacturers.
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Market Segments
Key Players
- Compass Health Brand (US)
- GE Healthcare (US)
- Getinge AB (US)
- GF Health Products Inc. (US)
- Invacare Corporation (US)
- Medtronic Inc. (Ireland)
- Sunrise Medical (UK)
- Koninklijke Philips NV (UK),
Market Segments
By Product
- Personal Mobility Devices
- Monitoring and Therapeutic Devices
- Bathroom Safety Devices
- Medical Furniture
- Incontinent Pads
- Breast Pumps
- Catheters
- Consumables and Accessories
- Others
By Payer
- Public
- Private
- Out-of-pocket
By End-use
- Hospitals
- Home Healthcare
- Ambulatory Surgical Centers
- Others
By Region
Europe
- France
- UK
South America
- Argentina
- Brazil
Asia Pacific
- Japan
- India
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Scope of the Heart
The research study analyzes the global Durable Medical Equipment (DME) Market industry from 360-degree analysis of the market thoroughly delivering insights into the market for better business decisions, considering multiple aspects some of which are listed below as:
Recent Developments
o Market Overview and growth analysis
o Import and Export Overview
o Volume Analysis
o Current Market Trends and Future Outlook
o Market Opportunistic and Attractive Investment Segment
Geographic Coverage
o North America Market Size and/or Volume
o Latin America Market Size and/or Volume
o Europe Market Size and/or Volume
o Asia-Pacific Market Size and/or Volume
o Rest of the world Market Size and/or Volume
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