The Durable Medical Equipment Global Market Report 2023, provides comprehensive information on the durable medical equipment market across 60+ geographies in the seven regions – Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa for the 27 major global industries. The report covers a ten year historic period – 2010-2021, and a ten year forecast period – 2023-2032.
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The global durable medical equipment market size is expected to grow from $193.62 billion in 2022 to $208.10 billion in 2023 at a compound annual growth rate (CAGR) of 7.5%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The global durable medical equipment market size is expected to reach $265.87 billion in 2027 at a CAGR of 6.3%.
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Technological advancements are a key trend gaining popularity in the durable medical equipment market. Major companies operating in the durable medical equipment market are adopting new technologies to strengthen their position in the market. For instance, in March 2023, Dexcom, a US-based developer, manufacturer, producer, and distributor of continuous glucose monitoring systems, launched Dexcom G6 CGM System for all eligible patients with type 1 and type 2 diabetes in Canada. A small, wearable sensor and transmitter are used in this system to measure and send glucose levels wirelessly to a smart device continuously.
The durable medical equipment market is segmented:
1) By Product: Personal Mobility Devices, Bathroom Safety Devices And Medical Furniture, Monitoring And Therapeutic Devices, Other Products
2) By Payer: Public, Private, Out-Of-Pocket
3) By End-Use: Hospitals, Nursing Homes, Home Healthcare, Other End-Uses
North America was the largest region in the durable medical equipment market in 2022.
The table of contents in TBRC’s durable medical equipment market report includes:
- Executive Summary
- Market Characteristics
- Market Trends And Strategies
- Impact Of COVID-19
- Market Size And Growth
- Segmentation
- Regional And Country Analysis
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- Competitive Landscape And Company Profiles
- Key Mergers And Acquisitions
- Future Outlook and Potential Analysis
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The Business Research Company is a market intelligence firm that pioneers in market, company, and consumer research. TBRC’s specialist consultants are located globally and are experts in a wide range of industries that include healthcare, manufacturing, financial services, chemicals, and technology. The firm has offices located in the UK, the US, and India, along with a network of proficient researchers in 28 countries. Through the report businesses can gain a thorough understanding of the market’s size, growth rate, major drivers and leading players.
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