30.11.2021 00:30

Durable Medical Equipment Market in the US to grow by USD 19.55 billion | Evolving Opportunities with Arjo AB & Cardinal Health Inc. | 17000+ Technavio Reports

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NEW YORK, Nov. 29, 2021 /PRNewswire/ -- The "Durable Medical Equipment Market in US - Competitive Analysis, Drivers, Challenges and  Five Force Analysis" report has been added to Technavio's offering. The durable medical equipment market in the US is set to grow by USD 19.55 billion, progressing at a CAGR of 5.83% from 2021 to 2026.

For more insights on the Durable Medical Equipment Market in US - Download a free sample now!

The growth of the durable medical equipment market share in US by the monitoring and therapeutic devices segment has been significant for revenue-generating. The report provides an accurate prediction of the contribution of all the segments to the growth of the durable medical equipment market size in US.

Market Dynamics

Factors such as the growing geriatric population and the rising number of hospitals will be crucial in driving the growth of the market. However, the high cost of durable medical equipment will restrict the market growth. The durable medical equipment market in US analysis report also provides detailed information on other upcoming trends and challenges that will have a far-reaching effect on the market growth.

Company Profiles

The durable medical equipment market in US is fragmented and the vendors are deploying various organic and inorganic growth strategies to compete in the market. Some of the companies covered in this report are Arjo AB, Cardinal Health Inc., Compass Health Brands, GF Health Products Inc., Invacare Corp., Kaye Products Inc., Medline Industries Inc., NewLeaf Health LLC, NOVA Medical Products, and Sunrise Medical LLC, etc.

Few Companies with Key Offerings

  • Arjo AB - The company offers a wide range of durable medical equipment and integrated solutions for VTE prevention, hygiene, pressure injury prevention, patient handling, diagnostics, disinfection, and medical beds.
  • Cardinal Health Inc. - The company offers a wide range of durable medical equipment such as bath accessories and safety, mobility products, and exam room equipment.
  • Compass Health Brands - The company offers a wide range of durable medical equipment such as bath safety, overbed tables, wheelchairs among others through its subsidiary Carex Health Brands.

Competitive Analysis

The competitive scenario provided in the durable medical equipment market in US report analyzes, evaluates, and positions companies based on various performance indicators. Some of the factors considered for this analysis include the financial performance of companies over the past few years, growth strategies, product innovations, new product launches, investments, growth in market share, etc.

Market Segmentation

  • By Product, the market is classified into monitoring and therapeutic devices, personal mobility devices, and bathroom safety devices, and medical furniture
  • By End Users, the market is classified as hospitals and clinics, home healthcare, and ambulatory surgical centers.

Related Report  -
Medical Equipment Maintenance Market -The medical equipment maintenance market has the potential to grow by USD 30.80 billion during 2021-2025, and the market's growth momentum will accelerate at a CAGR of 11.59%. Download a free sample now!

Portable Medical Equipment Market -The portable medical equipment market size has the potential to grow by USD 23.46 billion during 2021-2025, and the market's growth momentum will accelerate at a CAGR of 10.43%. Download a free sample now!

Durable Medical Equipment Market In US Scope

Report Coverage

Details

Page number

120

Base year

2021

Forecast period

2022-2026

Growth momentum & CAGR

Accelerate at a CAGR of 5.83%

Market growth 2022-2026

USD 19.55 billion

Market structure

Fragmented

YoY growth (%)

5.52

Regional analysis

US

Competitive landscape

Leading companies, competitive strategies, consumer engagement scope

Companies profiled

Arjo AB, Cardinal Health Inc., Compass Health Brands, GF Health Products Inc., Invacare Corp., Kaye Products Inc., Medline Industries Inc., NewLeaf Health LLC, NOVA Medical Products, and Sunrise Medical LLC

Market Dynamics

Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID-19 impact and future consumer dynamics, market condition analysis for the forecast period

Customization purview

If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized.

About Us

Technavio is a leading global technology research and advisory company. Their research and analysis focus on emerging market trends and provides actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions. With over 500 specialized analysts, Technavio's report library consists of more than 17,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio's comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.

Contact

Technavio Research
Jesse Maida
Media & Marketing Executive
US: +1 844 364 1100
UK: +44 203 893 3200
Email: media@technavio.com
Website: www.technavio.com/

 

Technavio (PRNewsfoto/Technavio)

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