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 Middle-East and Africa Durable Medical Equipment Market has been evaluated as moderately growing market and it is expected that the market will continue to grow at same pace in the near future.
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 2022 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 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.
About Market Research Future
At Market Research Future (MRFR), we enable our customers to unravel the complexity of various industries through our Cooked Research Report (CRR), Half-Cooked Research Reports (HCRR), Raw Research Reports (3R), Continuous-Feed Research (CFR), and Market Research & Consulting Services.
MRFR team have supreme objective to provide the optimum quality market research and intelligence services to our clients. Our market research studies by products, services, technologies, applications, end users, and market players for global, regional, and country level market segments, enable our clients to see more, know more, and do more, which help to answer all their most important questions.
In order to stay updated with technology and work process of the industry, MRFR often plans & conducts meet with the industry experts and industrial visits for its research analyst members.
Contact us:
Market Research Future (part of Wantstats Research and Media Private Limited),
99 Hudson Street, 5Th Floor,
New York, New York 10013
United States of America
+1 646 845 9312
