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Durable Medical Equipment (DME) Market, By Service (Monitoring and Therapeutic Devices, Personal Mobility Devices, and Bathroom Safety Devices and Medical Furniture), End Use, and Geography (NA, EU, APAC, and RoW) – Analysis, Share, Trends, Size, & Forecast From 2014 – 2025

110 Pages | Published Date : 09 / 05 / 18  | Report Code: AV179 | Report Format: PDF

REPORT HIGHLIGHT

The Durable Medical Equipment (DME) market is estimated to represent a global market of USD 143.6 billion by 2017 with growth rate of 6.8%.

Market Dynamics

Rising incidences of chronic diseases such as cancer, cardiovascular, neurological and respiratory disorders across the world drive the demand for durable medical equipment. For example, according to the Centers for Disease Control and Prevention (CDC), approximately 630,000 U.S. people (1 in every 4 death) die due to the cardiovascular problem every year. Additionally, as per the International Agency for Research on Cancer, around 14.1 million cancer cases were reported in 2012 and more than 32 million people are living with cancer worldwide.

In addition, strategic acquisitions and partnership with government and healthcare players in order to provide affordable healthcare will support the industry development significantly. For instance, in February 2017, Hill-Rom acquired Mortara Instrument, Inc., a Wisconsin-based medical device manufacturer to increase their medical device product portfolio. However, low reimbursement rates are one of the restraints, pulling back the market growth to some extent. For instance, Medicare, the U.S. government’s official health insurance program, consider only medically required durable equipment for reimbursement purpose.

Types Takeaway

In terms of types, the market is divided into Monitoring and Therapeutic Devices, Personal Mobility Devices, and Bathroom Safety Devices and Medical Furniture. In terms of value, monitoring and therapeutic devices accounted for the highest share of the overall market. This segment has captured more than 87% share of the global market in 2017. This product category is further bifurcated into Blood Glucose Monitors, Continuous Positive Airway Pressure (CPAP), Oxygen Equipment, Infusion Pumps, Continuous Passive Motion (CPM), and others. Estimated CAGR for these products during 2017-2025 range between 6-8%, with the oxygen equipment witnessing the highest growth. Devices such as glucose monitors and CPM has experienced a high level of technological change which has helped this segment to capture the highest share compared to others. Personal mobility segment is further categorized as Scooters, Wheelchairs, Walker and Rollators, and others.

End Use Takeaway

The end user industry is classified as Home Healthcare, Hospital Settings, and others. Among which, home healthcare segment is anticipated to grow with the highest growth rate, i.e. 7.3% over the study period. An aging population coupled with growing concept of home healthcare support the segment growth.

Regional Takeaway

Regionally, developed regions such as North America and Europe accounted for the largest share of the global industry. Factors such as increasing obese & geriatric population, increasing demand for regular-monitoring devices by fitness-oriented citizens, and rising demand for independent living are expected to augment the regional growth. On contrary, lack of advancements has resulted in a scarcity of cost-effective medical equipment in developing regions such as Middle East & Africa. At present, there are a limited number of technologically advanced medical devices available, and that too in select pockets of the MEA countries. There is a huge gap between the needs of the consumer and what is available in the MEA market.

 Key Vendor Takeaway

The competition in the global market has intensified over a couple of years on account of the entry of various small scale and large scale players. Companies namely Stryker Corporation, Invacare Corporation, Drive Medical, Carex Health Brands, Inc., and Medline Industries are actively engaged in developing innovative and new products. For instance, in February 2017, Invacare Corporation introduced high-active custom wheelchairs belonging to the küschall brand, namely, küschall Champion, küschall K-Series attract, and küschall Advance in the U.S. market to capture large customer base.

The market size and forecast for each segment and sub-segments has been considered as below:

  • Historical Year – 2014 & 2016
  • Base Year – 2017
  • Estimated Year – 2018
  • Projected Year – 2025

TARGET AUDIENCE

  • Traders, Distributors, and Suppliers
  • Manufacturers
  • Hospitals
  • Government and Regional Agencies and Research Organizations
  • Consultants
  • Distributors

SCOPE OF THE REPORT

The scope of this report covers the market by its major segments, which include as follows:

MARKET, BY TYPES

  • Monitoring and Therapeutic Devices
  • Personal Mobility Devices
  • Bathroom Safety Devices and Medical Furniture

MARKET, BY END USE

  • Home Healthcare
  • Hospital Settings
  • Others

MARKET, BY REGION

  • North America
    • U.S.
    • Canada
  • Europe
    • Germany
    • France
    • Rest of Europe
  • Asia Pacific
    • India
    • China
    • Rest of APAC
  • Rest of the World
    • Middle East and Africa
    • Latin America
TABLE OF CONTENT

1. DURABLE MEDICAL EQUIPMENT (DME) MARKET OVERVIEW
1.1. Study Scope
1.2. Assumption and Methodology
2. EXECUTIVE SUMMARY
2.1. Key Market Facts
2.2. Geographical Scenario
2.3. Companies in the Market
3. DURABLE MEDICAL EQUIPMENT (DME) KEY MARKET TRENDS
3.1. Market Drivers
3.1.1. Impact Analysis of Market Drivers
3.2. Market Restraints
3.2.1. Impact Analysis of Market Restraints
3.3. Market Opportunities
3.4. Market Future Trends
4. DURABLE MEDICAL EQUIPMENT (DME) INDUSTRY STUDY
4.1. Porter’s Analysis
4.2. Market Attractiveness Analysis
4.3. Regulatory Framework Analysis
5. DURABLE MEDICAL EQUIPMENT (DME) MARKET LANDSCAPE
5.1. Market Share Analysis
6. DURABLE MEDICAL EQUIPMENT (DME) MARKET – BY TYPES
6.1. Overview
6.2. Monitoring and Therapeutic Devices
6.2.1. Overview
6.2.2. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2014 – 2025, (US$ Billion)
6.3. Personal Mobility Devices
6.3.1. Overview
6.3.2. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2014 – 2025, (US$ Billion)
6.4. Bathroom Safety Devices and Medical Furniture
6.4.1. Overview
6.4.2. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2014 – 2025, (US$ Billion)
7. DURABLE MEDICAL EQUIPMENT (DME) MARKET – BY END USE
7.1. Overview
7.2. Home Healthcare
7.2.1. Overview
7.2.2. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2014 – 2025, (US$ Billion)
7.3. Hospital Settings
7.3.1. Overview
7.3.2. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2014 – 2025, (US$ Billion)
7.4. Others
7.4.1. Overview
7.4.2. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2014 – 2025, (US$ Billion)
8. DURABLE MEDICAL EQUIPMENT (DME) MARKET– BY GEOGRAPHY
8.1. Introduction
8.2. North America
8.2.1. Overview
8.2.2. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2014 – 2025, (US$ Billion)
8.2.3. U.S.
8.2.3.1. Overview
8.2.3.2. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2014 – 2025, (US$ Billion)
8.2.4. Canada
8.2.4.1. Overview
8.2.4.2. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2014 – 2025, (US$ Billion)
8.3. Europe
8.3.1. Overview
8.3.2. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2014 – 2025, (US$ Billion)
8.3.3. France
8.3.3.1. Overview
8.3.3.2. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2014 – 2025, (US$ Billion)
8.3.4. Germany
8.3.4.1. Overview
8.3.4.2. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2014 – 2025, (US$ Billion)
8.3.5. Rest of Europe
8.3.5.1. Overview
8.3.5.2. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2014 – 2025, (US$ Billion)
8.4. Asia Pacific (APAC)
8.4.1. Overview
8.4.2. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2014 – 2025, (US$ Billion)
8.4.3. China
8.4.3.1. Overview
8.4.3.2. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2014 – 2025, (US$ Billion)
8.4.4. India
8.4.4.1. Overview
8.4.4.2. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2014 – 2025, (US$ Billion)
8.4.5. Rest of APAC
8.4.5.1. Overview
8.4.5.2. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2014 – 2025, (US$ Billion)
8.5. Rest of the World
8.5.1. Overview
8.5.2. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2014 – 2025, (US$ Billion)
8.5.3. Latin America
8.5.3.1. Overview
8.5.3.2. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2014 – 2025, (US$ Billion)
8.5.4. Middle East and Africa
8.5.4.1. Overview
8.5.4.2. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2014 – 2025, (US$ Billion)
9. KEY VENDOR ANALYSIS
9.1. Stryker Corporation
9.1.1. Company Overview
9.1.2. SWOT Analysis
9.1.3. Key Developments
9.2. Invacare Corporation
9.2.1. Company Overview
9.2.2. SWOT Analysis
9.2.3. Key Developments
9.3. Drive Medical
9.3.1. Company Overview
9.3.2. SWOT Analysis
9.3.3. Key Developments
9.4. Carex Health Brands, Inc.
9.4.1. Company Overview
9.4.2. SWOT Analysis
9.4.3. Key Developments
9.5. Medline Industries
9.5.1. Company Overview
9.5.2. SWOT Analysis
9.5.3. Key Developments
*Client can request additional company profiling as per specific requirements
10. 360 DEGREE ANALYSTVIEW
11. APPENDIX
11.1. Research Methodology
11.2. Abbreviations
11.3. Disclaimer
11.4. Contact Us

List of Tables
Table 1 List of Acronyms
Table 2 Key Market Facts, 2014 – 2025
Table 3 Market Drivers: Impact Analysis
Table 4 Market Restraint: Impact Analysis
Table 5 Market Opportunity: Impact Analysis
Table 6 PEST Analysis
Table 7 Porter’s Five Forces Analysis
Table 8 Company Market Share Analysis
Table 9 Global Durable Medical Equipment (DME) Market Analysis, Forecast, and Y-O-Y Growth Rate, 2014 – 2025, (US$ Billion)
Table 10 Durable Medical Equipment (DME) Market, by Types, 2014 – 2025 (USD Billion)
Table 11 Durable Medical Equipment (DME) Market, by End Use, 2014 – 2025 (USD Billion)
Table 12 Durable Medical Equipment (DME) Market, by Geography, 2014 – 2025 (USD Billion)
Table 13 North America Durable Medical Equipment (DME) Market, 2014 – 2025 (USD Billion)
Table 14 U.S. Durable Medical Equipment (DME) Market, 2014 – 2025 (USD Billion)
Table 15 Canada Durable Medical Equipment (DME) Market, 2014 – 2025 (USD Billion)
Table 16 Europe Durable Medical Equipment (DME) Market, 2014 – 2025 (USD Billion)
Table 17 France Durable Medical Equipment (DME) Market, 2014 – 2025 (USD Billion)
Table 18 Germany Durable Medical Equipment (DME) Market, 2014 – 2025 (USD Billion)
Table 19 Asia Pacific Durable Medical Equipment (DME) Market, 2014 – 2025 (USD Billion)
Table 20 China Durable Medical Equipment (DME) Market, 2014 – 2025 (USD Billion)
Table 21 India Durable Medical Equipment (DME) Market, 2014 – 2025 (USD Billion)
Table 22 Latin America Durable Medical Equipment (DME) Market, 2014 – 2025 (USD Billion)
Table 23 MEA Durable Medical Equipment (DME) Market, 2014 – 2025 (USD Billion)

List of Figures
Figure 1 Research Methodology
Figure 2 Research Process Flow Chart
Figure 3 Comparative Analysis, by Geography, 2016-2025 (Value %)
Figure 4 Regulatory Framework Analysis
Figure 5 Durable Medical Equipment (DME) Market, by Types, 2014 – 2025 (USD Billion)
Figure 6 Durable Medical Equipment (DME) Market, by End Use, 2014 – 2025 (USD Billion)
Figure 7 Durable Medical Equipment (DME) Market, by Geography, 2014 – 2025 (USD Billion)

SCOPE AND OBJECTIVES
The objective of this report is to describe the market trends and revenue forecasts for the market for the upcoming years. The report focuses on defining and describing the key influencing factors for the growth of the market. It also offers an in-depth analysis of the market size (revenue), market share, major market segments, different geographic regions, key market players, and premium industry trends.
The report tracks the major market events including product launches, technological developments, mergers & acquisitions, and the innovative business strategies opted by key market players. Along with strategically analysing the key micro markets, the report also focuses on industry-specific drivers, restraints, opportunities and challenges in the market. The scope of this report covers the market by its major segments.

KEY BENEFITS OF THE REPORT
• In-depth analysis of the key market dynamics
• Granular analysis of the current market scenario and expected factors to affect the market
• Detailed analysis of the geographic region, regional and county wise analysis
• Highlight on the strategies that are being adopted by the key players in this market to stay competitive
• Extensive analysis of the key players dominating the market

RESEARCH METHODOLOGY

Research methodology is developed on a combination of specialist industry analyst knowledge and in-country research experience. We employ data interrogation methodologies to generate new and meaningful analyses and insights. The research study includes extensive use of secondary sources, paid databases (such as Bloomberg, Dun & Bradstreet, and BusinessWeek) and directories, to identify and collect information, useful to understand technical, commercial and market-oriented aspects. Market data and information are also collected (but not limited to) from the secondary sources such as:

  • Official company’s website, financial and annual reporting
  • Government statistical data
  • Online publishing articles
  • Industry player’s investor presentations
  • Economic news articles
  • National and international trade associations
  • The financial, business, and mainstream press
  • Industry study groups and semiofficial sources
  • Informative channels related to the market topics

* Gathering data through secondary sources is only the first step. The ability to cross-refer market data through available secondary            information often conflicting across multiple sources is a key aspect of the added value we provide

In order to verify and validate secondary market data, we engage with the Key Opinion Leaders (KoL’s), operating in the respective markets, through phone calls, emails, and web-based survey responses. This platform help us validate our data in terms of accuracy and gain insight into the current market and future expectations. Furthermore, the obtained information guide us to understand several facets of the market with respect to manufacturers and buyers’ perspectives.

In addition, to assign weights to all the relevant market dynamics and parameters and quantify their market impact for generating projected market growth rate, we used advanced machine learning algorithms in order to collate essential market data. The machine learning method utilizes algorithms such as regression, correlation, and decision tree, among others, to derive the desired output. This tool help us in deriving highly detailed forecasts, profound knowledge of product demand, and others.

These collected data points are carefully filtered, analyzed, compared, and presented in an easy way to develop accurate research study. Furthermore, all collected data is subjected to undergo exhaustive review process at country level, regional level, and global level.

Market Forecast

Market forecast is primarily based on the year-on-year (YOY) growth rate. Data projection and future performance of each segment is analyzed based on the key aspects extracted from primary and secondary research results. Thus, data projection exhibits the assumption on how the market performs under microeconomic and macroeconomic parameters. Our market forecasting technique represents strategic conclusions which can play a crucial role for our client’s in making strategic marketing plans.

For forecasting, the following parameters were considered:

  • Market drivers and restraints along with their current and expected impacts
  • Technological scenario and expected developments
  • Trends in the consumer behaviors
  • End-user industry trends

We have assigned weights to above-mentioned parameters and quantified their market impacts using the weighted average analysis, to derive an expected market growth rate.

Market Analysis

Once the information is collected, and the forecasts are determined, we provide a clear written analysis of the market conditions. This includes detailed information on market segments regarding market drivers, market restraints, and market opportunities. These offer insights on different channel dynamics, brand preference, incidence/prevalence data, consumption trend, and technology upgradations.

We also include supporting data from relevant awareness campaigns, new introductions, regulatory norms, government initiatives, and an industry player’s expansion in specific product segments. From a research perspective, this information explains and substantiates estimated data finding and forecast which helps us to improve the accuracy of the final report. This helps our clients to make better business decisions as they possess all the market information they require.

Assumptions

  • The report provides the market in terms of USD million/billion at regional as well as country level
  • We have implemented a mixture of top-down and bottom-up approach to estimate the total market and market for an individual segment
  • We reviewed various publications from government and non-government organizations, analyst perspectives for different regions from the paid databases available to us
  • This data helped us extract historical data and market scenario for various countries
  • The total population of respective countries, end users, product demand, local presence of key players, and cost are considered to analyze market revenue
  • Fundamental industry dynamics, demand-supply ratio, and upcoming technological trends are considered for the forecast period.
  • Growth rates are estimated using correlation, regression, and time-series analysis
  • All market estimates and forecasts have been validated through exhaustive primary research with key industry participants and analyst perspectives

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