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Durable Medical Equipment (DME) Market growth opportunity and industry forecast to 2026

The global durable medical equipment (DME) market was valued at USD 170 billion in 2019 and is expected to reach USD 270 billion by 2026, expanding at a CAGR of around 6% during the forecast period, 2020u20132026. The growth of the global durable medical equipment (DME) market is driven by increasing chronic diseases, such as cancer and kidney failure. Strong reimbursement policies and technological advancements is expected to fuel the growth of the market. Increasing incidence of cardiac disorders, neurological conditions, cancer, and gynecological complications is expected to drive the market growth during the forecast period.

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Durable Medical Equipment (DME) Market growth opportunity and industry forecast to 2026

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  1. Global Durable Medical Equipment (DME) Market by Types, End-Users, and Regions — Global Industry Analysis, Growth, Share, Size, Trends, and Forecast 2020–2026 Report By

  2. The globaldurable medical equipment (DME) market was valued at USD 170 billion in 2019 and is expected to reach USD 270 billion by 2026, expanding at a CAGR of around 6% during the forecast period, 2020–2026. The growth of the global durable medical equipment (DME) market is driven by increasing chronic diseases, such as cancer and kidney failure. Strong reimbursement policies and technological advancements is expected to fuel the growth of the market. Increasing incidence of cardiac disorders, neurological conditions, cancer, and gynecological complications is expected to drive the market growth during the forecast period. Better coverage and policies are positively influencing the demand for this product. Increasing number of geriatric care center as a result of growing elderly population is estimated to contribute to the growth of the market. Request for sample@https://dataintelo.com/request-sample/?reportId=71561 For management of various illness and medical conditions the durable medical equipment is used, it offers therapeutic benefits and convenience to the patients. Development in medical technology has allowed doctors and surgeons to treat and diagnose patients effectively. Continuous advancement in the medical field have enhanced the quality of life and saved lives of several patients. The major advantage of integrating new advancements in medicine is improved quality of life.

  3. Market Trends, Drivers, Restraints, and Opportunities: • Rising geriatric population is the major factor influencing the growth of the market. • Growing prevalence of cancer, neurological conditions, gynecological complications, and cardiac disorders is expected to contribute to the growth of the market during the forecast period. • Technological advancements in patient positioning devices and increasing competitive landscape are driving the growth of the market. • Increased government spending and increasing activities in R&D by companies will create new opportunities in terms of revenue which will in turn lead to market growth. • Increasing use of monitoring devices in healthcare industry is positively influencing the growth of the market. • High cost of infrastructure and lack of availability of skilled workforce will act as a restrain for this market during the forecast period.

  4. Ask for discount@https://dataintelo.com/ask-for-discount/?reportId=71561 Competitive Landscape: Major companies in the global durable medical equipment (DME) market include Getinge, Cardinal Health, Medline Industries, Compass Health Brands, GF Health Products, Intco Medical, Invacare, Hill-Rom Services, Stryker, and Sunrise Medical. The competition in the global durable medical equipment (DME) market is highly intense and competitors use strategies such as collaborations, ventures, partnerships, acquisitions, new product launches, and agreements to gain new market share. Enquiry Before Buying@https://dataintelo.com/enquiry-before-buying/?reportId=71561

  5. Why Choose Us: • We offer industry-leading critical reports with accurate insights into the future of the market. • Our reports have been evaluated by some industry experts in the market, thus making them beneficial for the company’s to maximize their return on investments. • We provide a comprehensive pictorial representation of the information, strategic recommendations, outcomes of the analytical tools to offer an elaborate landscape, highlighting the key market players. This detailed assessment of the market will help the company increase efficiency. • The demand and supply dynamics offered in the report give a 360 degree view of the market. • Our report helps readers decipher the current and future constraints in the Durable Medical Equipment (DME) Market, and help them formulate optimum business strategies to maximize growth in the market.

  6. About DataIntelo: DATAINTELO has set its benchmark in the market research industry by providing syndicated and customized research report to the clients. The database of the company is updated on a daily basis to prompt the clients with the latest trends and in-depth analysis of the industry. Our pool of database contains various industry verticals that include: IT & Telecom, Food Beverage, Automotive, Healthcare, Chemicals and Energy, Consumer foods, Food and beverages, and many more. Each and every report goes through the proper research methodology, validated from the professionals and analysts to ensure the eminent quality reports.

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