The global durable medical equipment market is anticipated to grow at a considerable CAGR of 6.5% during the forecast period. The speeding up in the rising geriatric population is one of the prime factors affecting and driving the market. According to the information of the United Nations (UN), the aged population, or people above the age of 60, is anticipated to be double by around 2050 and triple by 2100 as it is rising at an increased speed when compared with the younger population. This will further drive the adoption of durable medical equipment to give support to old-age patients while they require it.
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The key players operating in the global durable medical equipment market had been adopting strategies such as new launches to gain major market share. For instance, In January 2021, Etac AB. had introduced its Etac Cross 6 that is considered to be the most adjustable wheelchair amongst the offering of the company. It also offers the option for readjusting it for better sitting along with the changing needs.
Market Coverage
- The market number available for – 2020-2027
- Base year- 2020
- Forecast period- 2021-2027
- Segment Covered-
o By Device Type
o By Payer
o By End-User
- Regions Covered-
o North America
o Europe
o Asia-Pacific
o Rest of the World
- Competitive Landscape- General Electric Co., Johnson & Johnson Services, Koninklijke Philips, Medtronic and Stryker
Key questions addressed by the report
- What is the market growth rate?
- Which segment and region dominate the market in the base year?
- Which segment and region will project the fastest growth in the market?
- How COVID-19 impacted the market?
o Deviation from the pre-COVID-19 forecast
o Most affected region and segment
- Who is the leader in the market?
- How are players addressing challenges to sustain growth?
- Where is the investment opportunity?
Global Durable Medical Equipment Market
By Device Type
- Personal Mobility Devices
- Monitoring and Therapeutic Devices
- Bathroom Safety Devices
- Other
By Payer
- Private
- Public
- Other
By End-User
- Hospitals/Clinic
- Ambulatory Surgical Center
- Other
A full report of Durable Medical Equipment Market is available at: https://www.omrglobal.com/industry-reports/durable-medical-equipment-market
Durable Medical Equipment Market– Segment by Region
North America
- United States
- Canada
Europe
- Germany
- United Kingdom
- France
- Spain
- Italy
- Rest of Europe
Asia-Pacific
- China
- Japan
- India
- Rest of Asia-Pacific
Rest of the World
- Middle East & Africa
- Latin America
Company Profiles
- ANTANO GROUP
- Arjo
- BD
- Boston Scientific Corp.
- COMPASS HEALTH BRANDS CORP.
- Cardinal Health
- Etac AB.
- Fresenius Medical Care
- GENERAL ELECTRIC CO.
- GF HEALTH PRODUCTS, INC.
- Hill-Rom Services, Inc.
- Invacare Corp.
- Johnson & Johnson Services, Inc.
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