Durable medical equipment market is growing at a considerable CAGR of 6.5% during the forecast period. Rising technological advancements are considered as the prime factors affecting and driving the market. Additionally, the growing concerns associated with pervasiveness with a chronic disease that includes cancer, diabetes, cardiovascular diseases along with growing investment in the healthcare sector, are also estimated to be the key factors that are contributing significantly towards the growth of the market. However, a lack of skilled professionals is the major factor constraint that is hindering the growth of the global durable medical equipment market across the globe.
Moreover, an emerging focus on increasing surgical procedures along with favorable government policies also is one of the key factors that are creating opportunities in the market. New product launches in the market are likely to drive the growth of the global durable medical equipment market. For instance, in March 2021, Etac AB. had introduced and developed a new product that is Swift Mobil adapton. This is designed so that the user can easily improve leg room along with an easier approach for personal hygiene. The device is having adopter that offers as part of XL concept with extra-wide back frame with other attributes inbuilt in it to provide convenience for larger users.
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Durable Medical Equipment Market Segmentation
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
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Regional Analysis
North America
- United States
- Canada
Europe
- UK
- Germany
- Spain
- France
- Italy
- Rest of Europe
Asia-Pacific
- India
- China
- Japan
- South Korea
- Rest of APAC
Rest of the World
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.
- Koninklijke Philips NV
- Medline Industries, Inc.
- Medtronic
- MEYRA GmbH
- OTTOBOCK
- Permobil
- Siemens Healthcare GmbH
- Sunrise Medical
- Stryker
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