High Prevalence of Respiratory Diseases to Drive Growth of Oxygen Equipment and Nebulizers

DUBLIN, June 16, 2023 /PRNewswire/ — The “Durable Medical Equipment: Global Strategic Business Report” report has been added to  ResearchAndMarkets.com’s offering.

The global market for Durable Medical Equipment estimated at US$207.1 Billion in the year 2022, is projected to reach a revised size of US$363 Billion by 2030, growing at a CAGR of 7.3% over the analysis period 2022-2030.

Monitoring & Therapeutic Devices, one of the segments analyzed in the report, is projected to record a 7.2% CAGR and reach US$295.3 Billion by the end of the analysis period.

Taking into account the ongoing post pandemic recovery, growth in the Personal Mobility Devices segment is readjusted to a revised 8.3% CAGR for the next 8-year period.

The U.S. Market is Estimated at $77.9 Billion, While China is Forecast to Grow at 10.4% CAGR

The Durable Medical Equipment market in the U.S. is estimated at US$77.9 Billion in the year 2022. China, the world’s second largest economy, is forecast to reach a projected market size of US$41.1 Billion by the year 2030 trailing a CAGR of 10.4% over the analysis period 2022 to 2030.

Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 5.2% and 7% respectively over the 2022-2030 period. Within Europe, Germany is forecast to grow at approximately 6.3% CAGR. Led by countries such as Australia, India, and South Korea, the market in Asia-Pacific is forecast to reach US$32.5 Billion by the year 2030.

Select Competitors (Total 537 Featured) –

• Arjo AB
• Cardinal Health, Inc.
• Compass Health Brands
• General Electric Company
• Getinge AB
• GF HEALTH PRODUCTS, INC.
• Hill-Rom Holdings, Inc.
• Invacare Corporation
• Koninklijke Philips N.V
• Medical Depot, Inc. dba Drive Devilbiss Healthcare
• Medline Industries, LP.
• Medtronic Plc
• Nihon Kohden Corporation
• OMRON Corporation
• Pride Mobility Products Corp.
• Shenzhen Mindray Bio-Medical Electronics Co., Ltd.
• Stryker Corporation
• Sunrise Medical Limited

Key Topics Covered:

I. METHODOLOGY

II. EXECUTIVE SUMMARY

1. MARKET OVERVIEW

• Influencer Market Insights
• World Market Trajectories
• Impact of Covid-19 and a Looming Global Recession
• Year 2021 and Beyond
• World Economic Growth Projections (Real GDP, Annual % Change) for 2020 through 2023
• COVID-19 Impact on Durable Medical Equipment (DME)
• Competition
• Durable Medical Equipment – Global Key Competitors Percentage Market Share in 2022 (E)
• Competitive Market Presence – Strong/Active/Niche/Trivial for Players Worldwide in 2022 (E)
• A Prelude to Durable Medical Equipment (DME)
• Global Market Prospects and Outlook
• Durable Medical Equipment Market Set to Witness Significant Growth
• Developed Regions Dominate, Developing to Drive Market Growth
• Recent Market Activity
• WORLD BRANDS

2. FOCUS ON SELECT PLAYERS

3. MARKET TRENDS & DRIVERS

• Rise in Aging Population Drives Demand for Durable Medical Equipment
• Global Aging Population Statistics for the 65+ Age Group in Million by Geographic Region for the Years 2019, 2025, 2035 and 2050
• Elderly Population (65+ Years) as a % of Total Population by Developed, Less Developed and Least Developed Regions: 2019 & 2030
• Life Expectancy at Birth in Years of People in Select Countries for 2020E
• Alarming Levels of Diabetes Incidence Worldwide Drives Demand for Blood Glucose Monitors Market
• World Diabetes and Population Statistics (2019, 2030 & 2045)
• Global Prevalence of Diabetes: Number of Adults Diagnosed with Diabetes (in Million) by Gender for 2019, 2030 and 2045
• World Diabetes Prevalence (2000-2019)
• Diabetes Emerges as One of the Leading Causes of Mortality
• Diabetes-Related Deaths as % of Total Deaths in Below 60 Years Population by Region: 2019
• High Prevalence of Respiratory Diseases to Drive Growth of Oxygen Equipment and Nebulizers Market
• Global Prevalence of COPD by Age Group: Percentage of Men and Women Affected by the Condition
• Global Household COPD Prevalence by Age Group and by Region: In Percentage
• Prevalence Percentage of COPD, Asthma, and Allergic Rhinitis for Select Countries: 2016
• Chronic Disease Management in Developed Countries (2019): Percentage Distribution of Patient Population by Chronic Disease Type in the US, Germany, and UK
• Personal Mobility Devices: Need for Mobility Drives Market Growth
• Global Personal Mobility Devices Market Breakdown (in %) by Product Type: 2021
• Favorable Trends in the Personal Mobility Devices Market Strengthen Market Prospects
• Wheelchairs: Meeting Mobility Needs of the Elderly & Disabled for Personal, Social, and Professional Fulfillment
• Global Wheelchairs Market Breakdown by Region/Country (in %): 2019
• Powered Wheelchairs: Superior Attributes over Manual Wheelchairs Drive Demand
• High-tech Wheelchairs for Spinal Cord Injury Patients
• Rising Incidence of Neurological Conditions Drives Market Growth
• Annual Incidence of Adult-Onset Neurologic Disorders in the US
• Technologically Advancements Drive Durable Medical Equipment Market
• AI & IoT: Inescapable Trends for Durable Medical & Remote Monitoring Equipment
• Connected Devices: Bright Future of Home Patient Care
• Advances Crystalizing Value Proposition of Durable Medical Equipment
• Connected Durable Medical Equipment
• Reimbursement Remains Key Determinant of Health of Durable Medical Equipment
• Coverage under Medicare

4. GLOBAL MARKET PERSPECTIVE

III. MARKET ANALYSIS

IV. COMPETITION

For more information about this report visit https://www.researchandmarkets.com/r/c9qrcp

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