Durable Medical Equipment Market Report Predicts Impressive Growth by 2030 just published
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.
The Durable
Medical Equipment Market is projected to reach USD 303.3 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 2023 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 Players 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 Durable Medical Equipment
market has been segmented 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 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.
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