Nitin T’s Post

View profile for Nitin T, graphic

Business Analyst at The Insight Partners

𝐁𝐫𝐢𝐠𝐡𝐭 𝐅𝐮𝐭𝐮𝐫𝐞 𝐀𝐡𝐞𝐚𝐝: 𝐄𝐱𝐩𝐥𝐨𝐫𝐢𝐧𝐠 𝐆𝐫𝐨𝐰𝐭𝐡 𝐢𝐧 𝐭𝐡𝐞 Durable #Medical Equipment 🚀 𝐃𝐨𝐰𝐧𝐥𝐨𝐚𝐝 𝐭𝐡𝐢𝐬 𝐏𝐃𝐅: @ https://lnkd.in/gR_T42xQ The Durable Medical #Equipment Market size was estimated to be US$ 203901.18 million in 2021 and US$ XX million in 2023 and is expected to reach US$ 339107.30 million by 2031; it is estimated to record a CAGR of 5.3% in till 2031. The market's #growth is attributed to key driving factors such as the increasing prevalence of chronic #diseases such as diabetes, cardiovascular diseases, obesity, and stroke, the increasing geriatric population, and growing incidents of road accidents. Such factors are likely to remain key Durable Medical Equipment Market trends. #𝙈𝘼𝙍𝙆𝙀𝙏_𝙊𝙑𝙀𝙍𝙑𝙄𝙀𝙒: Global durable medical equipment market is segmented by region into North America, Europe, Asia Pacific, the Middle East & Africa, and South & Central America. In North America, the US is the largest market for durable medical equipment. The growth of the durable medical equipment market in North America can be attributed to the rising prevalence of chronic disorders, the increasing geriatric population, and the rise in awareness programs. As per Canadian Lung Association, 26% of Canadian adults 18 years and above are at a higher risk of sleep apnea. The condition is among the underdiagnosed respiratory disease prevalent in Canada. Additionally, Continued Positive Airway Pressure (CPAP) therapy is the most common therapy for patients with sleep apnea. Therefore, there is an increase in CPAP therapy equipment in the country. #DurableMedicalEquipment #DME #HealthcareTechnology #HomeHealthCare #MedicalDevices #HealthInnovation #PatientCare #AssistiveTechnology #MobilityAid #Telehealth

  • No alternative text description for this image

To view or add a comment, sign in

Explore topics