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Durable medical equipment is any medical equipment used in the home to aid in a better quality of living. It is a benefit included in many insurance policies and in some cases covered by American Medicare benefits. The item is defined by Title XIX for Medicaid: (n) The term "durable medical equipment" includes iron lungs, oxygen tents ...
Home medical equipment is a category of devices used for patients whose care is being managed from a home or other private facility managed by a nonprofessional caregiver or family member. It is often referred to as "durable" medical equipment (DME) as it is intended to withstand repeated use by non-professionals or the patient, and is ...
In economics, a durable good or a hard good or consumer durable is a good that does not quickly wear out or, more specifically, one that yields utility over time rather than being completely consumed in one use. Items like bricks could be considered perfectly durable goods because they should theoretically never wear out.
Durability is the ability of a physical product to remain functional, without requiring excessive maintenance or repair, when faced with the challenges of normal operation over its design lifetime. [1]: 5 There are several measures of durability in use, including years of life, hours of use, and number of operational cycles. [2]
The design of medical devices constitutes a major segment of the field of biomedical engineering. The global medical device market was estimated to be between $220 and US$250 billion in 2013. [4] The United States controls ≈40% of the global market followed by Europe (25%), Japan (15%), and the rest of the world (20%).
Capitalism portal. Business portal. v. t. e. In economics, capital goods or capital are "those durable produced goods that are in turn used as productive inputs for further production" of goods and services. [1] A typical example is the machinery used in a factory. At the macroeconomic level, "the nation's capital stock includes buildings ...
Single-use medical devices include any medical equipment, instrument or apparatus having the ability to only be used once in a hospital or clinic and then disposed. The Food and Drug Administration defines this as any device entitled by its manufacturer that it is intended use is for one single patient and one procedure only. [1]
Wear and tear is a form of depreciation, which is assumed to occur even when an item is used competently and with care and proper maintenance. [2] For example, repeated impacts may cause stress to a hammer 's head. This stress is impossible to prevent in the normal use of the tool for its designed task, and any attempt to avert it impedes its ...