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Durable Medical Equipment Market Trends

  • Report ID: GMI3894
  • Published Date: Sep 2024
  • Report Format: PDF

Durable Medical Equipment Market Trends

The growth of the durable medical equipment (DME) market is significantly driven by various technological advancements and ongoing developments. These innovations enhance the functionality, usability, and efficiency of DME, meeting the growing demands for quality healthcare solutions, particularly for chronic disease management and elderly care.
 

  • The integration of Internet of Things (IoT) technology into DME allows for real-time monitoring, data collection, and remote management of patients. For example, smart medical devices like glucose monitors and connected blood pressure cuffs enable continuous monitoring and data sharing with healthcare providers.
     
  • Additionally, innovations in home dialysis technology, such as smaller and more user-friendly machines, enable patients with kidney failure to perform dialysis at home, thereby improving their quality of life.
     
  • Moreover, the rise of telehealth has revolutionized the way healthcare is delivered. Telehealth platforms facilitate remote consultations, diagnosis, and management of chronic conditions, reducing the need for frequent hospital visits.
     
  • Furthermore, AI-powered diagnostic tools integrated into DME can assist in the early detection and management of chronic diseases, enhancing the effectiveness of treatment plans.
     
  • As technology continues to evolve, the DME market is expected to expand further, addressing the increasing healthcare needs of a growing aging population and the rising prevalence of chronic diseases.
Authors: Mariam Faizullabhoy , Gauri Wani

Frequently Asked Questions (FAQ) :

The durable medical equipment market was valued at USD 236.2 billion in 2023 and is expected to grow at 6.1% CAGR during 2024-2032 owing to the increasing prevalence of chronic diseases.

The public segment in the durable market held 38.3% share in 2023 driven by the regular government funding and policy initiatives.

North America durable medical equipment market accounted for USD 76.4 billion in revenue in 2023 due to continuous technological advancements.

Cardinal Health, Carex Health Brands, Inc, Compass Health Brands, Drive Medical, General Electric Company., Getinge AB, GF Health Products, Inc., Hill-Rom Services, Inc., and INTCO MEDICAL TECHNOLOGY CO., LTD among others.

Durable Medical Equipment Market Scope

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Premium Report Details

  • Base Year: 2023
  • Companies covered: 15
  • Tables & Figures: 200
  • Countries covered: 24
  • Pages: 130
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