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Durable Medical Equipment Market, By Equipment Type (Personal Mobility Devices, Bathroom Safety Devices and Medical Furniture, and Monitoring and Therapeutic Devices), By End User (Hospitals, Clinics, Ambulatory Surgical Centers, Home Care Settings, and Others), and By Region (North America, Europe, Asia Pacific, Latin America, and Middle East & Africa) - Trends, Analysis and Forecast till 2030
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Durable Medical Equipment Market: Industry, Size, Share, Growth, Trends and Forecast, 2020–2032 Copyright © PROPHECY MARKET INSIGHTS 2021, All Rights Reserved
Report Snippet Chapter 1 : Table of Contents Chapter 2: Market Purview Chapter 4: Global Durable Medical Equipment Market , By Product Type Chapter 3: Market Dynamics Chapter 5: Global Durable Medical Equipment Market , By End Use Chapter 6: Global Durable Medical Equipment Market , By Region Chapter 7: Company Profiles Investment Outlook Future of the Market 2 Copyright © PROPHECY MARKET INSIGHTS 2021, All Rights Reserved
Table of Contents Copyright © PROPHECY MARKET INSIGHTS 2021, All Rights Reserved 3
Table of Content Sr. No. Content 1.0 Chapter 1 Research Methodology Research Objective and Assumption Research Process Scope & Coverage Currency Conversion Rate 2.0 Chapter 2 2.1 Market Purview 2.2 Executive Summary Market Snippet, By Product Type Market Snippet, By End Use Market Snippet, By Region Opportunity Map Analysis 3.0 Chapter 3 Drivers Restraints 4 Copyright © PROPHECY MARKET INSIGHTS 2021, All Rights Reserved
Table of Content Sr. No. Content Opportunities Trends DR Impact Analysis Porter’s Five Forces Analysis COVID-19 Impact on the Market Key Highlights Industry Value Chain Analysis 4.0 Chapter 4 4.0.1 Global Durable Medical Equipment Market Value (US$ Bn), By Product Type Segment Overview Market Value and Forecast (US$ Bn), and Share (%) Analysis, 2018 – 2029 Y-o-Y Growth (%) Analysis, 2019 – 2029 4.1 Personal Mobility Devices Overview Market Value and Forecast (US$ Bn), and Y-o-Y Growth (%) Analysis, 2018 – 2029 4.1.1 Wheelchairs 5 Copyright © PROPHECY MARKET INSIGHTS 2021, All Rights Reserved
Table of Content Sr. No. Content Overview Market Value and Forecast (US$ Bn), and Y-o-Y Growth (%) Analysis, 2018 – 2029 4.1.2 Scooters Overview Market Value and Forecast (US$ Bn), and Y-o-Y Growth (%) Analysis, 2018 – 2029 4.1.3 Walkers and Rollators Overview Market Value and Forecast (US$ Bn), and Y-o-Y Growth (%) Analysis, 2018 – 2029 4.1.4 Cranes and Crutches Overview Market Value and Forecast (US$ Bn), and Y-o-Y Growth (%) Analysis, 2018 – 2029 4.1.5 Door Openers Overview Market Value and Forecast (US$ Bn), and Y-o-Y Growth (%) Analysis, 2018 – 2029 4.1.6 Other Devices Overview 6 Copyright © PROPHECY MARKET INSIGHTS 2021, All Rights Reserved
Table of Content Sr. No. Content Market Value and Forecast (US$ Bn), and Y-o-Y Growth (%) Analysis, 2018 – 2029 4.2 Bathroom Safety Devices and Medical Furniture Overview Market Value and Forecast (US$ Bn), and Y-o-Y Growth (%) Analysis, 2018 – 2029 4.2.1 Commodes and Toilets Overview Market Value and Forecast (US$ Bn), and Y-o-Y Growth (%) Analysis, 2018 – 2029 4.2.2 Mattress & Bedding Devices Overview Market Value and Forecast (US$ Bn), and Y-o-Y Growth (%) Analysis, 2018 – 2029 4.3 Monitoring and Therapeutics Devices Overview Market Value and Forecast (US$ Bn), and Y-o-Y Growth (%) Analysis, 2018 – 2029 4.3.1 Blood Glucose Monitors Overview Market Value and Forecast (US$ Bn), and Y-o-Y Growth (%) Analysis, 2018 – 2029 7 Copyright © PROPHECY MARKET INSIGHTS 2021, All Rights Reserved
Table of Content Sr. No. Content 4.3.2 Continuous Passive Motion (CPM) Overview Market Value and Forecast (US$ Bn), and Y-o-Y Growth (%) Analysis, 2018 – 2029 4.3.3 Infusion Pumps market Overview Market Value and Forecast (US$ Bn), and Y-o-Y Growth (%) Analysis, 2018 – 2029 4.3.4 Nebulizers Overview Market Value and Forecast (US$ Bn), and Y-o-Y Growth (%) Analysis, 2018 – 2029 4.3.5 Oxygen Equipment Overview Market Value and Forecast (US$ Bn), and Y-o-Y Growth (%) Analysis, 2018 – 2029 4.3.6 Suction Pumps Overview Market Value and Forecast (US$ Bn), and Y-o-Y Growth (%) Analysis, 2018 – 2029 4.3.7 Traction Equipment 8 Copyright © PROPHECY MARKET INSIGHTS 2021, All Rights Reserved
Table of Content Sr. No. Content Overview Market Value and Forecast (US$ Bn), and Y-o-Y Growth (%) Analysis, 2018 – 2029 4.3.8 Others Equipment Overview Market Value and Forecast (US$ Bn), and Y-o-Y Growth (%) Analysis, 2018 – 2029 5.0 Chapter 5 5.0.1 Global Durable Medical Equipment Market Value (US$ Bn), By End Use Overview Market Value and Forecast (US$ Bn), and Share (%) Analysis, 2018 – 2029 Y-o-Y Growth (%) Analysis, 2019 – 2029 5.1 Hospitals Overview Market Value and Forecast (US$ Bn), and Y-o-Y Growth (%) Analysis, 2018 – 2029 5.2 Nursing Homes Overview Market Value and Forecast (US$ Bn), and Y-o-Y Growth (%) Analysis, 2018 – 2029 9 Copyright © PROPHECY MARKET INSIGHTS 2021, All Rights Reserved
Table of Content Sr. No. Content 5.3 Home Healthcare Overview Market Value and Forecast (US$ Bn), and Y-o-Y Growth (%) Analysis, 2018 – 2029 5.4 Other End-User Overview Market Value and Forecast (US$ Bn), and Y-o-Y Growth (%) Analysis, 2018 – 2029 6.0 Chapter 6 6.0.1 Global Durable Medical Equipment Market Value (US$ Bn), By Region Overview Market Value and Forecast (US$ Bn), and Share (%) Analysis, 2018 – 2029 Y-o-Y Growth (%) Analysis, 2019 – 2029 6.1 North America Overview Market Value and Forecast (US$ Bn), 2018 – 2029 North America Durable Medical Equipment Market , By Product Type North America Durable Medical Equipment Market , By End Use 10 Copyright © PROPHECY MARKET INSIGHTS 2021, All Rights Reserved
Table of Content Sr. No. Content North America Durable Medical Equipment Market , By Country U.S. Market Value and Forecast (US$ Bn), 2018 – 2029 Canada Market Value and Forecast (US$ Bn), 2018 – 2029 6.2 Europe Overview Market Value and Forecast (US$ Bn), 2018 – 2029 Europe Durable Medical Equipment Market Market, By Product Type Europe Durable Medical Equipment Market Market, By End Use Europe Durable Medical Equipment Market Market, By Country Germany Market Value and Forecast (US$ Bn), 2018 – 2029 UK Market Value and Forecast (US$ Bn), 2018 – 2029 France 11 Copyright © PROPHECY MARKET INSIGHTS 2021, All Rights Reserved
Table of Content Sr. No. Content Market Value and Forecast (US$ Bn), 2018 – 2029 Russia Market Value and Forecast (US$ Bn), 2018 – 2029 Italy Market Value and Forecast (US$ Bn), 2018 – 2029 Rest of Europe Market Value and Forecast (US$ Bn), 2018 – 2029 6.3 Asia Pacific Overview Market Value and Forecast (US$ Bn), 2018 – 2029 Asia Pacific Durable Medical Equipment Market , By Product Type Asia Pacific Durable Medical Equipment Market , By End Use Asia Pacific Durable Medical Equipment Market , By Country Market Value and Forecast (US$ Bn), 2018 – 2029 China Market Value and Forecast (US$ Bn), 2018 – 2029 12 Copyright © PROPHECY MARKET INSIGHTS 2021, All Rights Reserved
Table of Content Sr. No. Content India Market Value and Forecast (US$ Bn), 2018 – 2029 Japan Market Value and Forecast (US$ Bn), 2018 – 2029 South Korea Market Value and Forecast (US$ Bn), 2018 – 2029 Rest of Asia-Pacific Market Value and Forecast (US$ Bn), 2018 – 2029 6.4 Latin America Overview Market Value and Forecast (US$ Bn), 2018 – 2029 Latin America Durable Medical Equipment Market , By Product Type Latin America Durable Medical Equipment Market , By End Use Latin America Durable Medical Equipment Market , By Country Brazil Market Value and Forecast (US$ Bn), 2018 – 2029 13 Copyright © PROPHECY MARKET INSIGHTS 2021, All Rights Reserved
Table of Content Sr. No. Content Mexico Market Value and Forecast (US$ Bn), 2018 – 2029 Rest of Latin America Market Value and Forecast (US$ Bn), 2018 – 2029 6.5 Middle East & Africa Overview Market Value and Forecast (US$ Bn), 2018 – 2029 Middle East & Africa Durable Medical Equipment Market , By Product Type Middle East & Africa Durable Medical Equipment Market , By End Use Middle East & Africa Durable Medical Equipment Market , By Country GCC Market Value and Forecast (US$ Bn), 2018 – 2029 Israel Market Value and Forecast (US$ Bn), 2018 – 2029 Market Value and Forecast (US$ Bn), 2018 – 2029 7.0 Chapter 7 14 Copyright © PROPHECY MARKET INSIGHTS 2021, All Rights Reserved
Table of Content Sr. No. Content 7.0.1 Company Profiles 7.1 Invacare Corporation Company Overview Product Portfolio Key Highlights Financial Overview Business Strategies SWOT Analysis 7.2 Stryker Corporation Company Overview Product Portfolio Key Highlights Financial Overview Business Strategies SWOT Analysis 7.3 ArjoHuntleigh 15 Copyright © PROPHECY MARKET INSIGHTS 2021, All Rights Reserved
Table of Content Sr. No. Content Company Overview Product Portfolio Key Highlights Financial Overview Business Strategies SWOT Analysis 7.4 Hill Rom, Inc. Company Overview Product Portfolio Key Highlights Financial Overview Business Strategies SWOT Analysis 7.5 Drive Medical Company Overview Product Portfolio 16 Copyright © PROPHECY MARKET INSIGHTS 2021, All Rights Reserved
Table of Content Sr. No. Content Key Highlights Financial Overview Business Strategies SWOT Analysis 7.6 GF Health Products, Inc. Company Overview Product Portfolio Key Highlights Financial Overview Business Strategies SWOT Analysis 7.7 Sunrise Medical Company Overview Product Portfolio Key Highlights Financial Overview 17 Copyright © PROPHECY MARKET INSIGHTS 2021, All Rights Reserved
Table of Content Sr. No. Content Business Strategies SWOT Analysis 7.8 Medline Industries Company Overview Product Portfolio Key Highlights Financial Overview Business Strategies SWOT Analysis 7.9 Carex Health Brands, Inc Company Overview Product Portfolio Key Highlights Financial Overview Business Strategies SWOT Analysis 18 Copyright © PROPHECY MARKET INSIGHTS 2021, All Rights Reserved
Table of Content Sr. No. Content 7.10 Becton, Dickinson and Company Company Overview Product Portfolio Key Highlights Financial Overview Business Strategies SWOT Analysis 9.0 Chapter 9 Investment Outlook 10.0 Chapter 10 Appendix Abbreviation 19 Copyright © PROPHECY MARKET INSIGHTS 2021, All Rights Reserved
About Us Copyright © PROPHECY MARKET INSIGHTS 2021, All Rights Reserved 20
About Us Who we are: Prophecy is a specialized market research, analytics, marketing and business strategy, and service offerings company that offer strategic and tactical support to clients for making well-informed business decisions and to identify and achieve high value opportunities in the target business area. Also, we help our client to address business challenges and provide best possible Service Offeringsto overcome them and transform their business. We are a team of dedicated and impassioned individuals, who believe strongly in giving our very best to what we do and we never return down from any challenge. At prophecy we cater to industries, individuals, and organizations across the globe and deliver our offerings in the shortest possible turnaroundtime. Our well defined approach ensures our clients will receive unique competitive advantage, and secure and long lasting results. Prophecy’s expertize area covers types, applications, latest trends, developments, market growth factors, and challenges along with market forecast in various business areas such as Healthcare, Pharmaceutical, Technology (IT), Hospitals, Small and Ownership Model-sized enterprises (SMEs), Chemical, Agriculture, Food and Beverage, Energy, and Oil and Gas. We also offer various other Adaptive Pants such as, data mining, information management, and revenueenhancement suggestions. Biotechnology, Information “WE BELIEVE IN LONG–TERM BUSINESS RELATIONS FOR GROWTH AND SUCCESS” Source: Prophecy Market Insights 21 Copyright © PROPHECY MARKET INSIGHTS 2021, All Rights Reserved
About Us More than 100+ Clients worldwide including various Fortune 500 Companies A rich repository of syndicated reports across 8 Industries Pioneer in adopting best research practices to ensure deeper insights DedicatedAnalyst Working 2+ experience valuable research Insights at Global, Regional and Country Level years of industry delivering Top leadership having more than 50 man years of experience across varied industries in Source: Prophecy Market Insights 22 Copyright © PROPHECY MARKET INSIGHTS 2021, All Rights Reserved
Research Methodology Identification of data Collection of Verification Collaboration and Analysis Evaluation of of Data Data Market Dynamics 2.This process consists of gathering accessing databases, and reaching out to key participants operate in the market across the value chain. It also involves studying several patternsin the historical data and comparing it with the current scenario. 3.This stage involves the validation of arrival at actual statistics, and evolution market over the years. It entails the analyzes various segments and Applications of the market. An impact analysis is also performed observe which factors will affect the market in the next few years. 4. This is the final stage, which involves quantity and checks. Although process verification is an integral part of the process, all data points and statistics and figures are re-checked to uphold their authenticity validity. 1. This step involves identification of several primary and secondary data research sources, including Prophecy internal data sources. The primary sources consist of in-depth discussions and interviews with policy makers, industry experts, and data evaluators, whereas secondary sources include a thorough study of market journals, press releases, annual reports, and Others and non Others agencies websites. This phase includes a detailed evaluation of several factors that are likely to affect the market dynamics. It involves a comprehensive assessment of major market pain points, drivers, and trends. data, data and both quality proprietary of the the data industry that of study and research to and Source: Prophecy Market Insights 23 Copyright © PROPHECY MARKET INSIGHTS 2021, All Rights Reserved
Research Objective To analyze several micro-market indicators considering factors, market strategic market contribution To offer wide ranging market statistics with classification along with the market size of each segment growth and To predict the size of the market a detailed prospects, To analyze key strengths, opportunities, and strategies of major companies To Governance, Risk Management and Compliance (GRC) market in globally based on segmentation and region outline and forecast the To study market opportunities for participants and stakeholders by identifying high growth sectors in the market To examine competitive scenarios such as collaborations, mergers and acquisitions, R&D activities, and advanced developments To information about factors that affect market dynamics provide comprehensive Source: Prophecy Market Insights 24 Copyright © PROPHECY MARKET INSIGHTS 2021, All Rights Reserved
Research Process PROJECT REPORT POST-SALE SCOPE DELIVERY SERVICE PROJECT REPORT KICKOFF SYNTHESIS MARKET PRELIMINARY ANALYSIS & RESEARCH SEGMENTATION Source: Prophecy Market Insights 25 Copyright © PROPHECY MARKET INSIGHTS 2021, All Rights Reserved
Research Methodology Global Market Size Market/Revenue share split by each market segment such as By Product Type Fracturing Fluids/Fracturing Fluids sector/end user Market/Revenue share of each key player in each Type segment Market/Revenue share of each key player in the global market Market/Revenue share split by each region and country in the global market Top-down Approach – Bottom-up Approach – Market size and analysis validation through primary and secondary research participants and key opinion leaders. Primary Sources: Demand Side Key Opinion Leaders Supply Side Key Opinion Leaders Secondary Sources: Annual Reports Financial Reports and Presentations Press Releases Research Journals Paid Data Sources Collection of market related data and information from primary and secondary sources, and data analysis. Primary Sources: Demand Side Key Opinion Leaders Supply Side Key Opinion Leaders Secondary Sources: Annual Reports Financial Reports and Presentations Press Releases Research Journals Paid Data Sources Source: Prophecy Market Insights 26 Copyright © PROPHECY MARKET INSIGHTS 2021, All Rights Reserved
Research Methodology Definition and Scope – Prophecy Market Insights provide the market definition to understand the target Type/service and provide the market scope to understand the report coverage after thoroughly understanding of target market and market specific requirements. Primary Research – We formulates a detailed discussion guide to perform primary research. In primary research collection of data is performed through telephonic interview, E-mail questionnaire’s, and in-depth discussion with industry experts, manufacturers, suppliers, and distributors. The primary research participant includes but not limited to CEO’s, Managers, Directors, VP’s, Suppliers, CSO’s, and etc. Secondary Research – Our research analyst performs in-depth secondary research and extensive data mining to collect market related information through various authentic data sources such as Annual Reports, Trade Publications, Magazines, Research Publications, Company Press Release, and some paid data sources. In-house Data Analysis – After extensive data mining, we perform in-house market analysis by using various data tools, statistical methods, and data analysis tools to arrive on a conclusion and reduce the margin of error. We provide our overviews and market forecast for the target market after thoroughly understanding and analyzing of collected data, historic market trends, and research outputs. Report Delivery – Prophecy Market Insights provide report in required electronic format (preferablyin PDF format), as PDF format is easy to read and present. Source: Prophecy Market Insights 27 Copyright © PROPHECY MARKET INSIGHTS 2021, All Rights Reserved
Preface Copyright © PROPHECY MARKET INSIGHTS 2021, All Rights Reserved 28
Scope & Coverage The report considers 2019 as the base year. All calculations involving quantitative data are based on 2019. The values represented in the report are actual values for 2019, whereas, the values are estimated for the period 2020−2029. 2019 2020 2021-2029 Base Year Estimated Year Forecast Years Source: Prophecy Market Insights 29 Copyright © PROPHECY MARKET INSIGHTS 2021, All Rights Reserved
Market Segmentation Global Durable Medical Equipment Market By Product Type •Personal Mobility Devices • • • • • • •Bathroom Safety Devices And Medical Furniture • Commodes And Toilets • Mattress & Bedding Devices •Monitoring And Therapeutic Devices • Blood Glucose Monitors • Continuous Passive Motion (CPM) • Infusion Pumps Market • Nebulizers • Oxygen Equipment • Continuous Positive Airway Pressure (CPAP) • Suction Pumps • Traction Equipment • Others Equipment By Region By End Use Wheelchairs Scooters Walker And Rollators Cranes And Crutches Door Openers Other Devices Hospitals Nursing Homes Home Healthcare Other End-user North America Europe Asia Pacific Latin America Middle East & Africa Source: Prophecy Market Insights 30 Copyright © PROPHECY MARKET INSIGHTS 2021, All Rights Reserved
Currency Conversion Currency Conversion 2013-2018 The standard currency used throughout the report is USD ($). However, in the case of other currencies, the annual average currency rate (January 1 to December 31) is used for conversion. These conversion rates are rounded to the nearest decimal place. The chart below represents the standardconversion rates used in the report. Currency Conversion 2013 2014 2015 2016 2017 2018 $/€ USD/EUR 0.7532 0.7535 0.8969 0.8988 0.8605 0.8566 $/£ USD/GBP 0.6395 0.6072 0.6526 0.7309 0.7607 0.7586 $/¥ USD/JPY 98.58 105.84 120.9 107.5269 113.8867 111.0019 $/₭ USD/SEK 6.5127 6.8587 8.404 8.9328 8.4135 8.8826 $/A$ USD/AUD 1.0362 1.1094 1.3112 1.343 1.3042 1.3578 $/¥ USD/RMB (CNY) 6.1905 6.1432 6.1606 6.61 6.6294 6.6675 31 Copyright © PROPHECY MARKET INSIGHTS 2021, All Rights Reserved
Chapter 02 Market Purview 3 2 Copyright © PROPHECY MARKET INSIGHTS 2021, All Rights Reserved
Executive Summary (1/9) Overview The global durable medical equipment market size was valued at USD 196.4 billion in 2021 and is anticipated to expand at a CAGR of 5.9% over the forecast period. The rising geriatric population has resulted in a growing number of elderly care centers across the globe which is expected to drive the market for the forecasted period. Better coverage and reimbursement policies for durable medical equipmentpromise to escalate the overall market growth. Source: Prophecy Market Insights 33 Copyright © PROPHECY MARKET INSIGHTS 2021, All Rights Reserved
Executive Summary (3/9) Table 2.1: Global Durable Medical Equipment Market Overview Parameters 2021 (E) 2029 (F) 196.4 Bn Xx Mn| CAGR: 5.9% | Global Durable Medical EquipmentMarket Value (US$ Bn) Monitoring and Therapeutic Devices : 89.5% Monitoring and Therapeutic Devices : XX By Product Type Segment with Largest Share (%) By Product Type Segment with Highest CAGR (%)-2019- 2029 Bathroom Safety Devices CAGR- 6.9% By End Use Segment with Largest Share (%) Hospitals: 34.2% Hospitals XX By End Use Segment with Highest CAGR (%)-2019-2029 CAGR-XX% Source: Prophecy Market Insights To be Continued … 34 Copyright © PROPHECY MARKET INSIGHTS 2021, All Rights Reserved
Executive Summary (4/9) Table 2.2: Global Durable Medical Equipment Market Overview Parameters 2019 (E) 2029 (F) By Region with Largest Share (%) North America : 34.9% North America xx By Region with Highest CAGR (%)-2019-2029 Asia-Pacific: CAGR- XX% Invacare Corporation, Stryker Corporation ArjoHuntleigh Hill Rom, Inc. Drive Medical GF Health Products, Inc. Sunrise Medical Medline Industries Carex Health Brands, Inc Becton, Dickinson and Company Key Market Players: Source: Prophecy Market Insights 35 Copyright © PROPHECY MARKET INSIGHTS 2021, All Rights Reserved
Executive Summary (5/9) Figure 2.1: Global Durable Medical Equipment Market Value Share (%), By Product Type – 2020 (E) Description Personal Mobility Devices Durable medical equipment helps improve accessibility to perform the task in daily living. DME is covered under Medicare but does not cover disposable items. Medicare Part-B beneficiaries pay 20% of the approved cost of the product and the remaining 80% is paid by Medicare. Better coverage and reimbursement policies for DME products are also likely to help boost the DME market growth. Bathroom Safety Devices and Meidcal Furniture Monitoring and Therapeutic Devcies Analysis Based on product, the market is segmented into bathroom safety devices and medical furniture, personal mobility devices, and monitoring and therapeutic devices. In 2021, the monitoring and therapeutic devices segment held a market share of 89.4% owing to the growing incidence of lifestyle- related diseases, which need vital statistics analysis, and increasing demand for wireless monitoring devices. Source: Prophecy Market Insights 36 Copyright © PROPHECY MARKET INSIGHTS 2021, All Rights Reserved
Executive Summary (6/9) Figure 2.2: Global Durable Medical Equipment Market Value Share (%), By Figure 2.3: Global Durable Medical Equipment Market Value Share (%), By Figure 2.4: Global Durable Medical Equipment Market Value Share (%), By Region – 2019 (E End Use - 2020(E) Figure 2.2: Global Portable End Use – 2020 (E) North America Hospitals Europe Nursing Homes Latin America Home Healthcare Asia Pacific Others Middle East & Africa Analysis and Outcome North America accounted highest market share of 34.9% in 2021. The rapid adoption of advanced equipment in the U.S. has allowed the region to account for a larger market share. The presence of leading manufacturers and quick adoption of advanced products are projected to boost the region’s growth further. The region is continuously developing cost-efficient and advanced devices for the patients to capture a huge share of the market. In addition, the rise in the number of hospitals and the growing geriatric population are factors responsiblefor the regional market growth Hospitals led the end-use segment with 34.2% in 2021 on account of a high volume of patients due to the increasing chronic diseases globally and increased financing and services capabilities of these healthcaresettings. Nursing homes are considered to provide the most extensive care that can be offered in a non-hospital setting. Along with the basic line of treatment, nursing homes also offer custodial care, which includes skilled care, such as bathing,dressing, and providing meals. Source: Prophecy Market Insights 37 Copyright © PROPHECY MARKET INSIGHTS 2021, All Rights Reserved
Executive Summary Market at Glance (2020) Europe: XX Mn CAGR: XX% North America: XX Mn CAGR: XX% APAC: XX Mn CAGR: XX% Latin America: XX Mn CAGR: XX% MEMA: XX Mn CAGR: XX% 38 Copyright © PROPHECY MARKET INSIGHTS 2021, All Rights Reserved
Chapter 03 Market Dynamics Copyright © PROPHECY MARKET INSIGHTS 2021, All Rights Reserved 39
Drivers (1/3) Rising focus on home care settings The rising demand on home care settings for managing medical conditions and illnesses in patients’ populations as well as the rising awareness of elevating patients’ comforts are the driving key factors of the DME globally. The devices are mainly associated with therapeutic benefits and convenience to the patients. It is predicted that high prevalence of heart diseases will increase the market capitalization as the patients will require more DMEs. Source: Prophecy Market Insights 40 Copyright © PROPHECY MARKET INSIGHTS 2021, All Rights Reserved
Drivers (2/3) Increasing prevalence of chronic diseases requiring long-term care Source: Prophecy Market Insights 41 Copyright © PROPHECY MARKET INSIGHTS 2021, All Rights Reserved
Drivers (3/3) Growing geriatric population Source: Prophecy Market Insights 42 Copyright © PROPHECY MARKET INSIGHTS 2021, All Rights Reserved
Restraint (1/2) Performance failure and durability issues of DME Source: Prophecy Market Insights 43 Copyright © PROPHECY MARKET INSIGHTS 2021, All Rights Reserved
Restraint (2/2) Lower remunerations Source: Prophecy Market Insights 44 Copyright © PROPHECY MARKET INSIGHTS 2021, All Rights Reserved
Drivers and Restraints Impact Analysis Drivers Increasing penetration of home healthcare services and staff High D1 Increasing prevalence of chronic diseases requiring long-term care Impact on Market Growth Rate D2 Growing geriatric population D3 Likely Growth Restraints Performance failure and durability issues of DME R1 Lower remunerations R2 Low Low Impact on Market Value High Source: Prophecy Market Insights 45 Copyright © PROPHECY MARKET INSIGHTS 2021, All Rights Reserved
PORTER’S FIVE FORCES ANALYSIS Analysis Outcome The Porter’s five forces model studies the five identified competitive forces that shape every industry and market, in order to determine the intensity of the competition, and thus, the profitabilityand attractiveness of the industry. The objective of the growth strategy is to adapt to these competitive forces in a manner that may improve the position of the organization. This study includes an exhaustive Porter’s five forces framework, incorporating the factors influencing each force, to analyze the market from a microeconomic perspective. COMPETITIVE RIVALRY In the study, Porter’s five forces are analyzed considering the factors influencing each force and quantifying the factors, through primaries and quantitative analysis. The quantified factors are further mapped out, to derive the impact of each force on competitive dynamics. High Source: Prophecy Market Insights 46 Copyright © PROPHECY MARKET INSIGHTS 2021, All Rights Reserved
PORTER’S Five Forces Analysis Threat of New Entrants 01 Medium Buyer Power 02 High Supplier Power 03 High Threats of Substitutes 04 High Competitive Rivalry 05 High 47 Copyright © PROPHECY MARKET INSIGHTS 2021, All Rights Reserved
Key Highlights 02 04 03 01 48 Copyright © PROPHECY MARKET INSIGHTS 2021, All Rights Reserved
Key Highlights 06 08 05 07 49 Copyright © PROPHECY MARKET INSIGHTS 2021, All Rights Reserved
Chapter 04 Global Durable Medical Equipment Market Market, By Product Type 50 Copyright © PROPHECY MARKET INSIGHTS 2021, All Rights Reserved