Durable Medical Equipment (DME) Market Detailed Scope,Industry Growth & ForecastPosted by Neha Bora on September 17th, 2019 San Francisco, 17 September 2019: The Report Durable Medical Equipment (DME) Market Size, Share & Trends Analysis Report By Product, By End Use (Hospitals, Nursing Homes), By Region (North America, MEA, APAC, Europe), And Segment Forecasts, 2019 – 2026 The global durable medical equipment (DME) market size is expected to reach USD 271.0 billion by 2026 registering a CAGR of 6.1%, according to a new report by Grand View Research, Inc. The market is primarily driven by rise in chronic diseases, such as kidney failures and cancer. Moreover, technological advancements along with strong reimbursement scenario will boost the DME market further. For instance, in January 2019, WHILL, Inc., a U.S.-based personal electric vehicle, introduced new technology WHILL autonomous drive at the Consumer Electronic Sow held at the Las Vegas. In the past, Medicare has taken steps to bring reimbursement of DME products in line with other payers. In this direction, in December 2015, the Center for Medicare & Medicare Services (CMS) issued a new rule of prior authorization process for DME, Prosthetics, Orthotics, and Supplies (DMEPOS). The DMEPOS includes the master list of 135 items, which require prior authorization before beneficiary receives an item. In addition, growing geriatric population across the globe is likely to contribute to the industry expansion. People aged 60 years or above are more prone to health issues, such as diabetes, mobility issues, Cardiovascular Diseases (CVDs), and other lifestyle problems. This creates demand for DME products. However, stringent regulatory guidelines in developed economies and lack of skilled professionals may limit the durable medical equipment market growth. Access Research Report of Durable Medical Equipment (DME) Market @ www.grandviewresearch.com/industry-analysis/durable-medical-equipment-dme-market Further key findings from the study suggest:
Browse more reports of this category by Grand View Research at: www.grandviewresearch.com/industry/medical-devices Grand View Research has segmented the global Durable Medical Equipment (DME) market on the basis of product, end use, and region: DME Product Outlook (Revenue, USD Million, 2015 - 2026)
DME End Use Outlook (Revenue, USD Million, 2015 - 2026)
DME Regional Outlook (Revenue, USD Million, 2015 - 2026)
Access Press Release of Durable Medical Equipment (DME) Market @ www.grandviewresearch.com/press-release/global-durable-medical-equipment-dme-market About Grand View Research Grand View Research, Inc. is a U.S. based market research and consulting company, registered in the State of California and headquartered in San Francisco. The company provides syndicated research reports, customized research reports, and consulting services. To help clients make informed business decisions, we offer market intelligence studies ensuring relevant and fact-based research across a range of industries, from technology to chemicals, materials and healthcare.
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