DURABLE MEDICAL EQUIPMENT MARKET ANALYSIS
Durable Medical Equipment Market – Competitive Landscape
The DME market is fragmented with presence of large to small scale players, and thus, the competition is high among players. Industry players with a comprehensive portfolio are most likely to successfully capture market share.
Key players in durable medical equipment market are Stryker Corporation, Baxter International, Inc. Medtronic plc. Becton, Dickinson and Company, Medline Industries, Inc., Invacare Corporation, Sunrise Medical (US) LLC, ResMed, Inc., Drive DeVilbiss Healthcare, Inc. (Medical Depot Inc.) Hill-Rom Holdings, Inc., and others. Key players are adopting inorganic growth strategies such as mergers and acquisitions to retain their position in the market. For instance, in 2017, Becton Dickinson completed the acquisition of C.R. Bard, Inc. and both companies are focusing on improving treatment of diseases for patients. Furthermore, in February 2017, Hill-Rom acquired Mortara Instrument, Inc., a Wisconsin-based medical device manufacturer, to increase their medical device product portfolio and revenue growth.
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