Durable Medical Equipment Market Share, Growth, Business Risk & Industry Analysis Reports 2032
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 Share is projected to reach USD 304 billion by 2032 at 4.7 % CAGR during the forecast period 2023-2032.
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.
The global DME market is expected to grow steadily over the next few years due to factors such as an aging population, increasing prevalence of chronic diseases, and advancements in technology. The market is segmented by product type, end-user, and region.
Durable Medical Equipment Market Outlook and Analysis by Device Type (Personal Mobility Devices, Medical Furniture, Monitoring and Therapeutic Devices, and Bathroom Safety Devices), End User (Hospital/Clinic, Ambulatory Surgical Center, Research Centers, Home Healthcare, and Others), and Region (the Americas, Europe, Asia-Pacific, and the Middle East & Africa) – Forecast till 2032
Major Key Players:
There are plenty of large and small 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 Segment on the basis of product type which comprise blood pressure monitors, blood glucose monitors, ventilators, personal mobility devices, traction equipment, wheelchairs, 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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