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Global Portable Medical Devices Market to Hit US$97 Bn Mark Through 2027 End

Global Portable Medical Devices Market to Hit US Bn Mark Through 2027 End
Fairfield Consultancy Services OPC Pvt Ltd

Fairfield Consultancy Services OPC Pvt Ltd

Fairfield Market Research Indicates That the Global Portable Medical Devices Market Will Rise at a Healthy Pace Of 9.2{08cd930984ace14b54ef017cfb82c397b10f0f7d5e03e6413ad93bb8e636217f} CAGR During the Period of Assessment, Reaching a Market Value Of US$96,930.4 Mn

London, Dec. 01, 2022 (GLOBE NEWSWIRE) — Greater emphasis on enhanced patient experience, and growing effort of medical facilities to improve accessibility of advanced medical equipment collectively account for impressive revenue growth of portable medical devices market. A newly published report of Fairfield Market Research suggests that with spiraling global demand for continuous patient monitoring, and growing prominence of remote patient monitoring systems will fuel market growth to a large extent. Up from an estimation revenue worth US$57.3 Bn in 2022, global portable medical devices market is foreseen to approach the valuation of US$97 Bn toward the end of 2027.

Although increasing market fragmentation, growing medical device miniaturization, and intensifying competition over pricing continue to restrict the pace of market growth, the report spots ample opportunities for portable medical devices market participants across facilities like home care centers, hospice centers, and elderly care homes. A continuous stream of revenue generation opportunities also exists in the consistently climbing rate of hospitalization.

Get the Sample Copy of Portable Medical Devices Market at: https://www.fairfieldmarketresearch.com/report/portable-medical-devices-market/request-sample

Key Research Insights

  • Global portable medical devices market value is poised for 9.2{08cd930984ace14b54ef017cfb82c397b10f0f7d5e03e6413ad93bb8e636217f} growth between 2022 and 2027

  • Diagnostics and monitoring continue to represent the dominant segment in portable medical devices market with an estimated market share of 44{08cd930984ace14b54ef017cfb82c397b10f0f7d5e03e6413ad93bb8e636217f} by 2027

  • An approximately US$9.8 Bn market of Asia Pacific awaits fastest growth pace through 2027, possibly reaching 19.8 Bn

Insights into Segmental Analysis

Global COVID-19 pandemic has brought continuous monitoring and diagnostics in the limelight, in turn influencing the sales of portable medical devices worldwide. Diagnostics and monitoring will remain the top performing segment of portable medical devices market. The segment currently accounts for more than US$25 Bn in revenue and by the end of 2027, this category is likely to account for an approximate revenue share of 44{08cd930984ace14b54ef017cfb82c397b10f0f7d5e03e6413ad93bb8e636217f} in the market. Moreover, by application-wise analysis, the report reveals dominance of cardiology, further followed by gynecology, and neurology.

Key Report Highlights

  • The proliferating trend of home healthcare, continuous monitoring, and remote patient monitoring are collectively providing a favourable environment for market growth

  • The rise of intelligent portable medical devices is playing out as a major booster to revenue growth of portable medical devices market

Insights into Regional Analysis

North America, the leading region, will most likely account for revenue of more than US$36 Bn in the market by 2027. Asia Pacific has been anticipated to showcase phenomenal growth in market attractiveness despite continued dominance of North America, and Europe. The report indicates nearly 10.4{08cd930984ace14b54ef017cfb82c397b10f0f7d5e03e6413ad93bb8e636217f} growth for Asia Pacific’s portable medical devices market through the end of 2027 and attributes the same to the briskly advancing medical industry, and rising affordability of premium medical products across the region. Improved healthcare expenditure of governments will also act as a major catalyst for expansion of portable medical devices market in Asia Pacific, especially China, India, and a few others that are in the bandwagon of medical tourism. Opportunities will further arise, says the report, as the region witnesses emergence of high-potential demographics that are untapped yet and can afford high-value medical products. Competitive pricing remains the epicentre of strategic developments by brands across the region, which is also expected to drive the portable medical devices market here.

Key Market Players

The global portable medical devices market report covers some of the leading players steering competition landscape. Omron, Medtronic PLC, GE Healthcare, Siemens Healthcare, Philips, Roche Diagnostics, Shimadzu, and Canon are some of the significant players that have subject to thorough strategic analysis and profiling in the report.

Do You Have Any Query or Specific Requirement? Request for Custom Research: https://www.fairfieldmarketresearch.com/report/portable-medical-devices-market/request-customization

REPORT SCOPE

Report Attributes

Details

Base Year

2021

 

Forecast Year

2022 – 2027

Market Size in 2022

US$57.3 Bn

Estimated Market Size in 2027

US$96.9 Bn

CAGR

9.2{08cd930984ace14b54ef017cfb82c397b10f0f7d5e03e6413ad93bb8e636217f}

 

Key Players

Omron, Medtronic PLC, GE Healthcare, Siemens Healthcare, Philips, Roche Diagnostics, Shimadzu, Canon

Market Segmentation

Product Type

Application Type

  • Cardiology

  • Gynaecology

  • Orthopaedics

  • Neurology

  • Others

  • Beauty Spas

Geographical Coverage

  • North America

  • Europe

  • Latin America

  • Middle East & Africa

  • Asia Pacific

Leading Companies

  • Medtronic Plc

  • Omron

  • Canon

  • Shimadzu

  • Philips Healthcare

  • GE Healthcare

  • Siemens Healthcare

  • Others

Report Inclusions

About Us

Fairfield Market Research is a UK-based market research provider. Fairfield offers a wide spectrum of services, ranging from customized reports to consulting solutions. With a strong European footprint, Fairfield operates globally and helps businesses navigate through business cycles, with quick responses and multi-pronged approaches. The company values an eye for insightful take on global matters, ably backed by a team of exceptionally experienced researchers. With a strong repository of syndicated market research reports that are continuously published & updated to ensure the ever-changing needs of customers are met with absolute promptness.

Contact

Fairfield Market Research
London, UK
UK +44 (0)20 30025888   
USA (Toll-free) +1 (844) 3829746 
Web: https://www.fairfieldmarketresearch.com/
Email: sales@fairfieldmarketresearch.com

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U.S. Durable Medical Equipment Market Size Value to Surpass USD 76.32 Billion By 2026, at 6.3{08cd930984ace14b54ef017cfb82c397b10f0f7d5e03e6413ad93bb8e636217f} CAGR: Polaris Market Research

U.S. Durable Medical Equipment Market Size Value to Surpass USD 76.32 Billion By 2026, at 6.3{08cd930984ace14b54ef017cfb82c397b10f0f7d5e03e6413ad93bb8e636217f} CAGR: Polaris Market Research

Polaris Market Research recently published [115+ Pages] research report on “U.S. Durable Medical Equipment Market Share, Size, Trends, Industry Analysis Report, By Product (Personal Mobility Devices, Bathroom Safety Devices & Medical Furniture, Monitoring & Therapeutic Devices); By End User: Segment Forecast, 2020 – 2026” in its research database.

According to the research report, the U.S. durable medical equipment market size was valued at USD 49.76 billion in 2019 and is anticipated to reach USD 76.32 Billion by 2026, growing at a CAGR of 6.3{08cd930984ace14b54ef017cfb82c397b10f0f7d5e03e6413ad93bb8e636217f} during the forecast period.

Report Overview

Durable medical equipment is the equipment used by patients at home for everyday activity performance, although this equipment can be used outside the home. Walkers, wheelchairs, power scooters, and portable oxygen equipment are the few durable medical equipment solutions used by medical providers and patients.

The equipment is crucially used by elderly, sick, and handicapped people who need good support and security. With the growing older population, which is sensitive to various chronic diseases, such as diabetes, cancer, Cardiovascular Diseases (CVDs), and neurological disorders, the U.S. durable medical equipment market share is growing at a considerable rate over the assessment period.

Request Sample Copy of Research Report @ https://www.polarismarketresearch.com/industry-analysis/us-durable-medical-equipment-market/request-for-sample

(The sample of this report is readily available on request. The report sample contains a brief introduction to the research report, a Table of Contents, a Graphical introduction of regional analysis, Top players in the market with their revenue analysis, and our research methodology.)

Key Highlights of the Report

  • A detailed analysis of the market and sub-market forecast
  • Extensive details and analysis of contracts, projects, and programs
  • Analysis of technological trends and how these shape the industry
  • The in-depth description of technical factors and political regulatory
  • Outline of leading companies operating within the sector
  • SWOT analysis of the major key players operating in the market, together with the opportunities available and the key threads faces
  • S. durable medical equipment industry conclusions and recommendations

Some of the Top Players Are:

  • Invacare Corporation
  • Sunrise Medical
  • ArjoHuntleigh
  • Hill Rom Inc
  • Stryker Corporation
  • Medline Industries Inc.
  • Drive Medical
  • GF Health Products Inc.
  • Carex Health Brands Inc

To Know Additional Information on Market Players, Download Sample PDF Brochure

Growth Driving Factors

  • Technological advancement is uplifting the market

The U.S. durable medical equipment market size is uplifting due to the growing old age population across the world in both evolved and evolving nations. This medical equipment provides comfort, which is expected to boost the industry demand over the assessment period. Technological advancement is one of the key factors driving the market share. Also, crucial medical devices, such as patient monitoring systems and mobility aids, are accelerating the industry.

Furthermore, the increasing prevalence of neurological diseases, including Parkinson’s, Alzheimer’s, and Epilepsy, are anticipated to be considered as the significant revenue share over the foreseen period. The requirement for durable medical equipment raised rapidly due to the COVID-19 outbreak in hospitals and clinics, which is expected to propel the U.S. durable medical equipment market demand during the prediction period. Also, the crucial factors responsible for driving the industry are the growing prevalence of cancer, cardiac disorders, gynecological complications, and ophthalmic ailments.

Directly Purchase a copy of the report with TOC @ https://www.polarismarketresearch.com/checkouts/6601

Recent Developments

  • On 27th August 2021, Siemens Healthineers inaugurated a manufacturing facility for molecular diagnostic kits in Vadodara, Gujarat, with a production capacity of 25 million tests per annum.
  • On 15th September 2021, ArjoHuntleigha, the global medical technology company, was rewarded with an Innovative Technology Contract for the Provizio SEM Scanner with Vizient Inc. The Provizio SEM Scanner has unique qualities that help in the identification of pressure injury risk, which can help caregivers provide earlier interventions to reduce both patient suffering and healthcare costs.

Request for Discount on this Report Before Purchase @ https://www.polarismarketresearch.com/industry-analysis/us-durable-medical-equipment-market/request-for-discount-pricing

Segmental Analysis

  • The monitoring & therapeutic type segment is accounted for the highest market share

On the basis of product type, the U.S. durable medical equipment market segmentations are classified into personal mobility devices, bathroom safety devices & medical furniture, and monitoring & therapeutic devices. Out of all the monitoring and therapeutic devices held the largest market share in 2019. The factors accountable for the segment’s dominance is the enormous range of devices utilized in long-term care for several disorders, that includes neurological & cardiovascular, and cancer.

Further, the personal mobility devices segment is predicted to dominate the market over the assessment period. This segment is anticipated to propel due to the factor, i.e., the establishment of advanced technology products. Under this segment, the wheelchair sub-segment is anticipated to dominate the industry due to the rising demand for powered wheelchairs and the huge usage rate of these chairs.

Also, the bathroom safety devices and medical furniture are sub-segmented into commodes & toilets and mattress & bedding devices. The mattresses and bedding segment is expected to dominate the industry over the assessment period. The factors for the segment’s dominance are the rising frequency of chronic and other diseases, which gives rise to hospitalization.

  • The hospitals segment is predicted to grow at a considerable rate

On the basis of end-user, the U.S. durable medical equipment industry is segmented into several segments out of all the hospitals’ segment accounted for the highest market share in 2019. Technological advancement, rising patient flow, and the evolution of medical infrastructure are the factors accountable for the segment’s highest growth.

Moreover, ambulatory surgery centers are rising rapidly due to the number of ambulatory surgery centers rising hugely and boosting the demand for essential equipment and instruments, including durable medical equipment. The companies that provide durable medical equipment to several ambulatory surgery centers are Henry Schein Medical, McKesson, Medline, and others.

Browse the Detail Report “U.S. Durable Medical Equipment Market Share, Size, Trends, Industry Analysis Report, By Product (Personal Mobility Devices, Bathroom Safety Devices & Medical Furniture, Monitoring & Therapeutic Devices); By End User: Segment Forecast, 2020 – 2026” with in-depth TOC: https://www.polarismarketresearch.com/industry-analysis/us-durable-medical-equipment-market

For Additional Information OR Media Enquiry, Please Mail Us At: sales@polarismarketresearch.com

Key Questions Answered in The Report Include:

  • What are the key factors driving the U.S. durable medical equipment market?
  • What are the business growth strategies adopted by developed and developing regions?
  • What are the key outcomes of the five forces analysis?
  • Who are the leading players active in the industry?
  • What’s the competition in this industry, both company, and country-wise?

Polaris Market research has segmented the U.S. Durable Medical Equipment market report on the basis of product and end-user

By Product Outlook

  • Personal Mobility Devices
  • Wheelchairs
  • Scooters
  • Walker and Rollators
  • Cranes and Crutches
  • Door Openers
  • Other Devices
  • Bathroom Safety Devices & Medical Furniture
  • Commodes and Toilets
  • Mattress & Bedding Devices
  • Monitoring & Therapeutic Devices
  • Blood Sugar Monitors
  • Continuous Passive Motion (CPM)
  • Infusion Pumps Market
  • Nebulizers
  • Oxygen Equipment
  • Continuous Positive Airway Pressure (CPAP)
  • Suction Pumps
  • Traction Equipment
  • Other Equipment
  • Insulin Pumps
  • Ostomy Bags & Accessories
  • Others

By End User Outlook

  • Hospitals
  • Specialty Clinics
  • Ambulatory Surgical Centers
  • Diagnostic Centers
  • Home Healthcare
  • Others

About Polaris Market Research

Polaris Market Research is a global market research and consulting company. The company specializes in providing exceptional market intelligence and in-depth business research services for our clientele spread across different enterprises. We at Polaris are obliged to serve our diverse customer base present across the industries of healthcare, technology, semiconductors, and chemicals among various other industries present around the world. We strive to provide our customers with updated information on innovative technologies, high-growth markets, emerging business environments, and the latest business-centric applications, thereby helping them always to make informed decisions and leverage new opportunities. Adept with a highly competent, experienced, and extremely qualified team of experts comprising SMEs, analysts, and consultants, we at Polaris endeavor to deliver value-added business solutions to our customers.

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A Highly Fragmented Market with the 50 Largest Competitors Capturing Only 29{08cd930984ace14b54ef017cfb82c397b10f0f7d5e03e6413ad93bb8e636217f} of Revenue, Making it Ideal for Consolidation

A Highly Fragmented Market with the 50 Largest Competitors Capturing Only 29{08cd930984ace14b54ef017cfb82c397b10f0f7d5e03e6413ad93bb8e636217f} of Revenue, Making it Ideal for Consolidation

DUBLIN, Nov. 24, 2022 /PRNewswire/ — The “U.S. Physical Therapy Clinics: An Industry Analysis” report from Marketdata LLC has been added to  ResearchAndMarkets.com’s offering.

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This analysis by Marketdata examines the $34 billion outpatient physical and occupational therapy centers industry

Speech therapy and audiologists are also included. The physical therapy business is highly fragmented, with the 50 largest competitors capturing only 29{08cd930984ace14b54ef017cfb82c397b10f0f7d5e03e6413ad93bb8e636217f} of the revenues, which makes it ripe for consolidation.

While there are a few national companies, the industry consists predominantly of small to medium regional providers with annual revenue of slightly over $1 million.

This industry is experiencing increased M&A activity from both strategic suitors and private equity investors.

Physical therapists work in hospitals, private practices, outpatient clinics, people’s homes, schools, sports and fitness facilities, work settings, and nursing homes.

This new study by Marketdata examines the nature of the industry, national receipts/growth from 2007 to 2025 forecast, effects of the Covid-19 pandemic on 2020-2021 operations and revenues, customer and therapist demographics, key industry trends, industry structure and extensive operating ratios (national and state Census data for establishments and firms), industry regulation, top companies market share, consolidation and roll-up potential, insurance/Medicare reimbursement trends, and more.

Key Topics Covered:

Report Scope and Methodology

Nature & Structure of the Industry

  • Definition and number of physical therapists, occupational therapists, speech therapists, and audiologists and what they do, who they work for and where.

  • Demographic profile of physical therapists.

  • Major industry trends and issues: diversification, technology changes, consolidation and the potential for roll-ups, increased patient engagement tools, merit-based incentives

  • Industry structure: key metrics: no. of facilities, receipts, annual payroll, no. of employees, avg. receipts per facility – 2002, 2007, 2012, 2017

  • Main operating models used by physical therapy centers

  • Major findings of Harris Williams & Company report (Physical Therapy Market Overview, September 2021)

  • Factors affecting demand for physical therapy (aging population, obesity, economic rationale)

  • Operations: sources of revenue, typical patient volumes, revenues per patient visit, physical therapist salaries, facility profit margins, payor mix, etc.

  • Reimbursement situation under Medicare, fee caps, Bipartisan Budget Act of 2018

  • Occupational therapist overview, typical earnings, job outlook

  • Audiologists profession overview, typical earnings, job outlook, major statistics on hearing loss

Market Size, Growth, Forecasts

  • Estimates of $ industry size and growth published by other research firms (Harris Williams Co. Health Value Group)

  • Size / Receipts of Physical Therapy Services from 2007-2019, official government Census 5-year survey data and annual County Business Patterns data

  • Marketdata estimates & forecasts of receipts for 2020, 2021, 2022, 2025 F, weighted avg. sales declines & gains for three large PT chains/companies in 2020, 2021

  • Discussion & analysis of the effects of Covid-19 pandemic on operations and sales, findings of American Physical Therapy Assn. August 2020 report: Impact of Covid-19 on The Physical Therapy Profession, and May 2021 report (revenue losses, patient volumes, telehealth use).

  • Discussion of major factors affecting industry growth: reimbursement, demand, aging of population, obesity, supply of therapists, etc.

Customer Demographics

  • Discussion and statistics related to population aging trends

  • Discussion and statistics related to sports injuries

  • Discussion and statistics related to back pain

  • Discussion and statistics related to workplace injuries

  • Discussion and statistics related to obesity trends

Industry Economic Operating Ratios

  • Summary of key industry metrics, NAICS code for the industry, what it includes

  • Industry snapshot: 2002, 2007, 2012, 2017: key ratios (payroll, no. estabs., receipts, Avg. receipts per estab.)

  • Annual {08cd930984ace14b54ef017cfb82c397b10f0f7d5e03e6413ad93bb8e636217f} change in receipts: 2007-2019

Competitor Profiles

  • Description and history of company, no. of clinics operated, address, specialties, acquisitions, services, financial data when available

  • U.S. Physical Therapy (public co. – detailed financials incl.)

  • ATI Physical Therapy (public co. – detailed financials incl.)

  • Select Medical

  • Athletico Physical Therapy (incl. Pivot Physical Therapy)

  • PT Solutions

  • CORA Health Services

  • Professional Physical Therapy

Reference Directory

  • List of physical therapy national/regional trade associations, journals, consulting firms, reports, articles, other key contacts – address & phones, description of activities.

For more information about this report visit https://www.researchandmarkets.com/r/1w2o0t

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Home Medical Equipment Market Size to Reach US$ 52.23 Billion During 2022-2027 | Industry Forecast, Share and Growth

Home Medical Equipment Market Size to Reach US$ 52.23 Billion During 2022-2027 | Industry Forecast, Share and Growth
Home Medical Equipment Market Size 2022-2027

At 6.40{08cd930984ace14b54ef017cfb82c397b10f0f7d5e03e6413ad93bb8e636217f} CAGR, World wide House Clinical Tools Market place Measurement & Share to Surpass US$ 52.23 Billion by 2027 | Sector Trends, Share & Forecast Report by IMARC Group

SHERIDAN, WYOMING, United states, November 25, 2022 /EINPresswire.com/ — IMARC Team has lately unveiled a new analysis analyze “Home Medical Gear Market: World Field Developments, Share, Size, Growth, Chance and Forecast 2022-2027”, presents a in depth investigation of the marketplace motorists, segmentation, development possibilities, developments, and aggressive landscape to have an understanding of the current and future sector scenarios.

What are the advancement prospective customers of the dwelling health-related machines sector ?

The international residence health care gear market place sizing achieved US$ 35.5 Billion in 2021. Hunting ahead, IMARC Group expects the market to attain a value of US$ 52.23 Billion by 2027, exhibiting a advancement level (CAGR) of 6.40{08cd930984ace14b54ef017cfb82c397b10f0f7d5e03e6413ad93bb8e636217f} through 2022-2027.

Covid-19 Effects:

We are frequently tracking the immediate effect of COVID-19 on the market, alongside with the indirect affect of associated industries. These observations will be built-in into the report.

What is a the property clinical products market place ?

House clinical products refer to medical equipment made use of in a residence care placing. They comprise reservoirs, high-strain cylinders, oxygen equipment and materials, concentrators, dwelling invasive mechanical ventilators, steady favourable airway strain (CPAP) equipment, respiratory assist devices (RAD), oxygen conserving appliances, intermittent beneficial force breathing (IPPB) devices, and nebulizers.

Request For Sample Report: https://www.imarcgroup.com/household-professional medical-tools-current market/requestsample

Dwelling health-related tools monitor the well being of individuals often and deliver a comprehensive report to the caregiver. They also enhance the safety of the individual while presenting improved healthcare. As a consequence, residence medical tools are extensively obtainable across medical center pharmacies, on line retailers, and healthcare stores.

What are the key marketplace drivers in a household health-related tools market place ?

The escalating prevalence of really serious health problems, these as arthritis, diabetes, influenza, pneumonia, cancer, stroke, septicemia, and kidney, coronary heart, respiratory, and Alzheimer’s disease, is amongst the primary aspects driving the house health care machines market. Moreover this, the rising need for oxygen-connected products and solutions, owing to the enhance in the incidence of serious obstructive pulmonary condition (COPD) across the world, is even more augmenting the sector progress.

Moreover, the increasing utilization of progressive property health care devices, together with needle-free diabetic care, treatment administration instruments, health care beds, and elevate chairs, is also catalyzing the worldwide industry. Aside from this, the elevating geriatric inhabitants and the increasing healthcare market are performing as significant growth-inducing aspects.

Also, the raising awareness between the masses about the benefits of dwelling care instruments is also stimulating the current market expansion. Moreover, the inflating selection of investments by the main gamers in investigation and progress (R&D) routines to combine highly developed systems, such as wearable gadgets, telehealth, and cellular wellbeing software package, are expected to bolster the dwelling health care products marketplace in the coming several years.

The report has been segmented the current market into next types:

Breakup by Equipment Type:

Therapeutic Devices
o Respiratory Therapy Equipment
o Dialysis Machines
o Intravenous Gear
o Others

Affected individual Checking Tools
o Conventional Screens
o Telemedicine Individual Checking Products

Mobility Support and Affected individual Assist Tools
o Mobility Support Tools
o Medical Home furniture
o Bathroom Basic safety Tools

Breakup by Distribution Channel:
o Retail Health care Shops
o Online Retailers
o Hospital Pharmacies

By Geography:
• North The united states (United States, Canada)
• Europe (Germany, France, United Kingdom, Italy, Spain, Many others)
• Asia Pacific (China, Japan, India, Australia, Indonesia, Korea, Other folks)
• Latin The united states (Brazil, Mexico, Some others)
• Middle East and Africa (United Arab Emirates, Saudi Arabia, Qatar, Iraq, Other)

Ask Analyst for Customization and Down load Entire Report with TOC & Record of Determine: https://www.imarcgroup.com/home-health care-products-market

Report Segmentation:

Checklist of Significant Critical Gamers:

The major players in the marketplace are Abbott Laboratories
Arkray Inc.
B. Braun Melsungen AG
Baxter International Inc.
Caire Inc. (NGK Spark Plug Co. Ltd.)
Inogen Inc., Invacare Company
Koninklijke Philips N.V.
Medline Industries LP, Medtronic plc
OMRON Healthcare Inc. (Omron Corporation)
and Resmed Inc.

Essential highlights of the report:

• Sector General performance (2016-2021)
• Market place Outlook (2022- 2027)
• Porter’s 5 Forces Examination
• Market place Motorists and Success Aspects
• SWOT Assessment
• Benefit Chain
• Thorough Mapping of the Competitive Landscape

If you require certain facts that is not presently within just the scope of the report, we can present it to you as a part of the customization.

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About Us:

IMARC Team is a primary current market investigation company that offers administration strategy and marketplace investigation globally. We companion with shoppers in all sectors and regions to discover their best-benefit options, address their most important troubles, and rework their companies.

IMARC’s details products and solutions include major sector, scientific, economic and technological developments for business enterprise leaders in pharmaceutical, industrial, and high technological know-how companies. Marketplace forecasts and business analysis for biotechnology, innovative products, prescribed drugs, food stuff and beverage, vacation and tourism, nanotechnology and novel processing procedures are at the major of the company’s knowledge.

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Durable Medical Equipment (DME) Market To Reach USD 282900 Million by 2028 With A CAGR of 6.8{08cd930984ace14b54ef017cfb82c397b10f0f7d5e03e6413ad93bb8e636217f}

Durable Medical Equipment (DME) Market To Reach USD 282900 Million by 2028 With A CAGR of 6.8{08cd930984ace14b54ef017cfb82c397b10f0f7d5e03e6413ad93bb8e636217f}

BANGALORE, India, Nov. 22, 2022 /PRNewswire/ — Durable Medical Equipment Market Is Segmented By Type (Personal Mobility Devices, Bathroom Safety Devices, Medical Furniture, Monitoring, and Therapeutic Devices), By Application (Hospitals, Nursing Homes, Home Healthcare, Others): Opportunity Analysis and Industry Forecast, 2022–2028. It is published in Valuates Reports under the Medical Devices & Equipment Category.

Due to the COVID-19 pandemic, the global Durable Medical Equipment (DME) market size is estimated to be worth USD 173150 million in 2021 and is forecast to a readjusted size of USD 282900 million by 2028 with a CAGR of 6.8{08cd930984ace14b54ef017cfb82c397b10f0f7d5e03e6413ad93bb8e636217f} during the forecast period 2022-2028.

Major Factors Driving The Growth Of The Durable Medical Equipment Market

During the forecast period, the rising prevalence of cancer, cardiac disorders, neurological diseases, and gynecological complications is likely to fuel the Durable Medical Equipment market.

Furthermore, due to the government-imposed lockdown resulting from the COVID-19 pandemic, the supply chain for durable medical equipment (DME) had been disrupted. There have been supply-chain disruptions for products like nebulizers, CPAP and RAD machines, and oxygen equipment. High-risk patients have experienced difficulties as a result of the supply’s storage, which has raised the demand for all Durable Medical Equipment.

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TRENDS INFLUENCING THE GROWTH OF THE DURABLE MEDICAL EQUIPMENT MARKET

DME can increase safety while reducing the need for caregiver help for people with disabilities. By boosting a person’s independence with functional mobility and daily living tasks, it can significantly improve their overall quality of life. It is beneficial to work with a multidisciplinary team, which consists of physiatrists or other specialty doctors, occupational therapists, physical therapists, speech and language pathologists, rehabilitation nurses, and social workers when assessing a patient’s need for DME to improve function. DME lessens the need for caregiver help by enabling people to become more independent. The potential for greater independence opens up more opportunities to improve the psychological health and social integration of people with disabilities. This factor is expected to drive the growth of the Durable Medical Equipment market.

Acute care furniture has traditionally been designed with the needs of patients in mind, with little thought given to including elements that would be useful to other stakeholders. Medical furniture should be designed and assembled with the patient’s care as the primary priority, but more and more products are being offered to reduce the effort and physical strain on clinical staff. The delivery of high-quality care is made possible by streamlining clinical workflows, choosing materials that help prevent infection, and including features that encourage independence and empowerment. This factor is expected to fuel the growth of the Durable Medical Equipment market.

The increasing use of Durable Medical Equipment in Bathrooms in hospitals and elderly care centers is expected to fuel the market. The most challenging aspect of the profession may be designing restrooms for a healthcare center. Because there are so many demands to be met in such a tiny area, issues like infection control, accessibility, and safety are much more important than they are in a typical public restroom. With more grab bars and improved wheelchair access, bathrooms are becoming more difficult to use for senior people. Nurses can see any issues more clearly from their station if the bathroom is placed outboard or up against the outer wall.

Since the start of the COVID-19 pandemic, a number of reasons have led to an increase in the demand for durable home medical equipment. Patients being transferred out of skilled nursing facilities (SNFs) – As SNFs suffered outbreaks and hospitals discharged high-acuity patients, many HME suppliers noticed an increase in demand for their home-based medical equipment during the pandemic. This trend will fuel the Durable Medical Equipment market.

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DURABLE MEDICAL EQUIPMENT MARKET SHARE

Due to the significant patient load associated with the global rise in chronic diseases, as well as the improved financial and service capacities of these healthcare settings, hospitals lead the end-user segment.

Due to the rise in the target population base with rising chronic diseases, the need for medical equipment by patients, and supportive government initiatives, the Asia Pacific is anticipated to see the quickest growth throughout the projection period. Additionally, the development of the region will be aided by economic advancements achieved by nations like China, India, and South Korea as well as improvements to the regional healthcare system.

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Key Companies:

  • Invacare
  • Sunrise Medical
  • ArjoHuntleigh
  • Hill Rom
  • Stryker
  • Medline
  • Drive Medical
  • GF
  • Carex

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Central Venous Catheter Market to Garner US$ 5.1 Bn by 2032 Owing to Advanced Medical Infrastructure over the Forecast Period

Central Venous Catheter Market to Garner US$ 5.1 Bn by 2032 Owing to Advanced Medical Infrastructure over the Forecast Period
Future Market Insights Global and Consulting Pvt. Ltd.

Future Market Insights Global and Consulting Pvt. Ltd.

The U.S. will continue to dominate the global central venous catheters market during the forecast period, accounting for the largest market share of around 40.5{08cd930984ace14b54ef017cfb82c397b10f0f7d5e03e6413ad93bb8e636217f} in 2022. The market for central venous catheter is set to gain pace at a CAGR of 5.2{08cd930984ace14b54ef017cfb82c397b10f0f7d5e03e6413ad93bb8e636217f} through the forecast years, within the U.S.

NEWARK, Del, Sept. 28, 2022 (GLOBE NEWSWIRE) — The global central venous catheter market is predicted to exhibit lucrative growth opportunities between 2022 and 2032, with a robust CAGR of 5.1{08cd930984ace14b54ef017cfb82c397b10f0f7d5e03e6413ad93bb8e636217f}. The global market touched US$ 2.9 Bn in 2021 and is expected to enjoy a valuation of US$ 3.1 Bn by the end of 2022. Owing to the rising prevalence of cardiovascular diseases and cancers, the overall demand for central venous catheters is anticipated to increase with a total valuation of US$ 5.1 Bn by 2032.

As compared to the historical analysis of the global central venous catheter market, the CAGR registered was about 4.9{08cd930984ace14b54ef017cfb82c397b10f0f7d5e03e6413ad93bb8e636217f} from 2012 to 2021. The present forecast period registered a growth of 5.1{08cd930984ace14b54ef017cfb82c397b10f0f7d5e03e6413ad93bb8e636217f} from 2022 to 2032. The rising usage of central venous catheters across healthcare facilities for giving fluids, blood, or medications to critically ill patients is a key factor driving growth in the global central venous catheter market.

Central venous catheters are delicately placed in veins in the neck, groin, chest, or through veins in the arms in order to ease the delivery of fluids and therapies. This device is useful for patients who are unable to eat food or medicine through their mouths. Therefore, the rising prevalence of cardiovascular disease and chronic kidney disease, along with the growing need for prolonged intravenous therapies in critically ill patients, will continue to boost the demand for venous catheters during the forecast period.

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Key Takeaways

  • There is a surge in the demand for various types of central venous catheter products due to which key manufacturers are investing in focusing on research and development to introduce better and more efficient products. Owing to these factors are likely to boost the growth throughout the forecast period.

  • Widespread technological advancements and the adoption of high-tech equipment in medical procedures and medical device insertions are bringing the central venous catheter market into the limelight. Increased usage of ultrasound-guided insertions has proved to improve the safety and effectiveness of CVC placement and helped in reducing the complications associated with the procedure.

  • More accessibility to product-based solutions, such as quality control and infection prevention guidelines has further fueled growth in the market resulting in a hike in the overall revenue growth of the global central venous catheter market.

  • The growth in the central venous catheter market is driven by the global burden of diseases, increasing expendable income, and the rising awareness of the adoption of surgical procedures for managing illnesses.

  • On the basis of product category, the non-tunneled catheter sub-segment accounts for about 77.0{08cd930984ace14b54ef017cfb82c397b10f0f7d5e03e6413ad93bb8e636217f} of the total market share and is likely to retain its dominance during the forecast period. In order to efficiently care for critically ill patients, central venous catheter insertion is a routine and frequently required procedure.

Competitive Landscape

Prominent market players are focusing on upgrading their product portfolios by launching new and more advanced products. Besides this, they are increasingly showing interest in adopting different approaches and strategies including partnerships, mergers, acquisitions, and collaborations to improve their revenue share and expand their global presence.

Key Companies Profiled: Angio Dynamics, C.R. Bard, Teleflex Incorporated, B. Braun Melsungen AG, Kimal Healthcare, Comed B.V., Medtronic Plc, Smiths Medical, Vygon (UK) Ltd, Becton, Dickinson and Company, Argon Medical Devices, Inc., Boston Scientific Corporation, Cook Medical Incorporated, Medical Components, Inc., Fresenius Kabi AG

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More Insights into the Central Venous Catheter Market

The U.S. will continue to dominate with its presence in the global central venous catheters market during the forecast period, accounting for the largest market share of around 40.5{08cd930984ace14b54ef017cfb82c397b10f0f7d5e03e6413ad93bb8e636217f} in 2022. The growth is attributed to the rising prevalence of chronic diseases, the high adoption of central venous catheter insertions, and the strong presence of some of the leading medical device giants.

Over a period of time, there has been a significant rise in chronic diseases like cancer and heart disease in the U.S. With the presence of developed healthcare infrastructure and insurance and reimbursement policies for standard medical procedures, the market for central venous catheters accelerated at a CAGR of 5.2{08cd930984ace14b54ef017cfb82c397b10f0f7d5e03e6413ad93bb8e636217f} through the forecast years, within the U.S.

Key Market Segments Covered in Central Venous Catheter Industry Research

By Product:

  • Dialysis Catheters

  • PICC Catheters

  • Implantable Port

  • CVC Catheters

By Property:

By Design:

  • Single Lumen

  • Double Lumen

  • Multiple Lumen

By End User:

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Table of Content

1. Executive Summary

  1.1. Global Market Outlook

  1.2. Demand Side Trends

  1.3. Supply Side Trends

  1.4. Analysis and Recommendations

2. Market Overview

  2.1. Market Coverage / Taxonomy

  2.2. Market Definition / Scope / Limitations

  2.3. Inclusions and Exclusions

3. Key Market Trends

  3.1. Key Trends Impacting the Market

  3.2. Product Innovation / Development Trends

4. Key Success Factors

  4.1. Promotional Strategies, By Key Manufacturers

  4.2. Key Regulations

  4.3. Value Chain Analysis

  4.4. Regulatory Impositions

Explore FMI’s related ongoing Coverage on Healthcare Domain

Catheter-Directed Thrombolysis Market Size: Catheter-directed thrombolysis market is valued at US$ 432.0 Million in 2022. The market is likely to grow at a CAGR of 5.9{08cd930984ace14b54ef017cfb82c397b10f0f7d5e03e6413ad93bb8e636217f} and is anticipated to be valued at US$ 814.0 Million by 2032.

Vascular Closure Devices Market Share: Vascular closure devices market is set to grow at a CAGR of 5.4{08cd930984ace14b54ef017cfb82c397b10f0f7d5e03e6413ad93bb8e636217f} during the forecast period, totalling a valuation of ~US$ 2.4 Bn by 2032.

Venous Thromboembolism Treatment Market Trends: Venous Thromboembolism Treatment Market is expected to exceed US$ 1.53 Bn by 2022.

Neurointerventional Devices Market Growth: Neurointerventional devices market is expected to project a significant growth CAGR value of about 4.7{08cd930984ace14b54ef017cfb82c397b10f0f7d5e03e6413ad93bb8e636217f} from 2022 to 2030

Catheter Systems Market Analysis: Catheter systems market is expected to be valued at US$ 18.8 Bn in 2022, and is forecasted to grow at a CAGR of 8.4{08cd930984ace14b54ef017cfb82c397b10f0f7d5e03e6413ad93bb8e636217f} to be valued at US$ 42.5 Bn from 2022 to 2032.

About Future Market Insights, Inc.

Future Market Insights, Inc. is an ESOMAR-certified business consulting & market research firm, a member of the Greater New York Chamber of Commerce and is headquartered in Delaware, USA. A recipient of Clutch Leaders Award 2022 on account of high client score (4.9/5), we have been collaborating with global enterprises in their business transformation journey and helping them deliver on their business ambitions. 80{08cd930984ace14b54ef017cfb82c397b10f0f7d5e03e6413ad93bb8e636217f} of the largest Forbes 1000 enterprises are our clients. We serve global clients across all leading & niche market segments across all major industries.

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