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| Title | Durable Medical Equipment Market Report Analysis, Key Players, Opportunities and Forecast to 2030 |
|---|---|
| Category | Fitness Health --> Health Articles |
| Meta Keywords | Durable Medical Equipment Market, Durable Medical Equipment Market Size, Durable Medical Equipment Market Industry, Durable Medical Equipment Market Research, |
| Owner | Vaibhav |
| Description | |
| Durable Medical Equipment Market Durable Medical Equipment or home medical equipment provides therapeutic
benefits to patients. They are easy to use and does not need any special skill
or training thus can easily be managed by a caretaker or a family member of the
patient. Increasing per capita income, healthcare expenditure and aging
population in Middle East and Africa are driving the DME market’s growth. Durable
Medical Equipment Market Trends and Analysis by
Device Type, End User, and Region - Forecast till 2030 The Durable
Medical Equipment Market is projected to reach USD 303.356 billion by 2030 at 4.72 % CAGR during the forecast period 2023-2030. The Middle East and Africa healthcare sector is growing by 10% annually
and it comprise 2% of the total global healthcare expenditure. Huge Investment
in R&D by DME manufacturers are leading to more innovative product
development. Developing infrastructure, government initiatives, extended
insurance coverage and increasing awareness are major drivers of this market.
Growing number of road accidents resulting in accident disability is another
factor which has given a growth to the market. There is a wide range of Durable
Medical Equipment (DME) present in the market making this market competitive.
Middle-East and Africa Durable Medical Equipment (DME) Market was around US$
3.48 billion in 2015 and is expected to reach US$ 4.65 billion by 2022 which
has been growing at a CAGR of 4.2% and is expected to maintain this growth rate
in future as well. Factors that are responsible for the growth of this market
includes high cost of some products, lack of access or availability of products
in some countries, lack of knowledge etc. Major Key
Players: There are plenty of large and small Durable Medical
Equipment Market Major Player which operate in this market all over Middle East
and Africa region, such as Invacare Corporation (US), Medical Depot, Inc. (US),
The Braun Corporation (US), Sunrise Medical (Germany), Permobil (Sweden),
Medline Industries, Inc. (US), Compass Health Brands (US), ArjoHuntleigh
(Sweden), Hill-Rom (US) and GF HEALTH PRODUCTS, INC. (US) Segment Analysis Middle-East and Africa Market Segment on the basis of
product type which comprise blood pressure monitors, blood glucose monitors,
ventilators, personal mobility devices, traction equipment, wheel chairs,
respiratory devices, portable medical equipments and others. On the basis of end user, the market is segmented
into hospitals and clinics, healthcare institutions, research centers, home
healthcare and others. Regional Analysis In the Middle-East and Africa Durable Medical Equipment Market Report scenario, Saudi Arabia region is
believed to be the largest market. Moreover UAE market is also growing
and is the second largest market for DME. On the other hand, Egypt’s market of
DME in these regions is expected to grow at a steady pace during the forecasted
period. Rest of Middle East and Africa region is likely to have a limited but
steady growth of the DME market. About Market Research
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