Global Durable Medical Equipment Market Size study, by Product (Personal Mobility Devices, Bathroom Safety Devices and Medical Furniture, Monitoring and Therapeutic Devices) by End-user (Hospitals, Nursing Homes, Home Healthcare, Other End-user) and Regio

Global Durable Medical Equipment Market Size study, by Product (Personal Mobility Devices, Bathroom Safety Devices and Medical Furniture, Monitoring and Therapeutic Devices) by End-user (Hospitals, Nursing Homes, Home Healthcare, Other End-user) and Regional Forecasts 2022-2028

Global Durable Medical Equipment Market is valued approximately USD 191.4 billion in 2021 and is anticipated to grow with a healthy growth rate of more than 6.30 % over the forecast period 2022-2028. Durable Medical Equipment is a type of medical equipment’s that is intended to last for more than one use, oftentimes is intended to last for months or even years. The durable medical equipment’s mainly used in the home to aid in a better quality of living. The increasing prevalence of chronic diseases requiring long term care, increasing geriatric population drive the adoption of Durable Medical Equipment across the forecast period. For Instance according to World Health organization estimates- as of 2021, around 41 million people lost their lives due to Noncommunicable diseases (NCDs), which accounted for 71% of all deaths globally. Moreover, more than 15 million people die from a NCD between the ages of 30 and 69 years. Around 85% of these premature deaths occurred in low- and middle-income countries. Further, increasing penetration of home healthcare services and staff drivers the market growth of Durable Medical Equipment market. Also, with the introduction of technologically advanced product with supreme patient comfort and is likely to increase the market growth during the projected period. However, stringent regulatory requirements related to medical supplies impedes the growth of the market over the forecast period of 2022-2028.

The key regions considered for the Global Durable Medical Equipment Market study includes Asia Pacific, North America, Europe, Latin America and Rest of the World. North America is the leading region across the world due to presence of leading manufacturers and quick adoption of advanced products. Whereas, Asia-Pacific is also anticipated to exhibit highest CAGR over the forecast period 2022-2028. Factors such as rising the target population base with increasing chronic diseases, the need for medical equipment by the patients and supportive government initiatives create lucrative growth prospects for the Durable Medical Market across Asia-Pacific region.

Major market player included in this report are:
ArjoHuntleigh

Stryker Corporation
Hill Rom, Inc.
Drive Medical
GF Health Products, Inc.
Sunrise Medical.
Medline Industries, Inc
Carex Health Brands, Inc.
Siemens Healthcare GmbH

The objective of the study is to define market sizes of different segments & countries in recent years and to forecast the values to the coming eight years. The report is designed to incorporate both qualitative and quantitative aspects of the industry within each of the regions and countries involved in the study. Furthermore, the report also caters the detailed information about the crucial aspects such as driving factors & challenges which will define the future growth of the market. Additionally, the report shall also incorporate available opportunities in micro markets for stakeholders to invest along with the detailed analysis of competitive landscape and product offerings of key players. The detailed segments and sub-segment of the market are explained below:
By Product:
Personal Mobility Devices
Bathroom Safety Devices and Medical Furniture
Monitoring and Therapeutic Devices
By End-user:
Hospitals
Nursing Homes
Home Healthcare
Other End-user
By Region:
North America
U.S.
Canada
Europe
UK
Germany
France
Spain
Italy
ROE

Asia Pacific
China
India
Japan
Australia
South Korea
RoAPAC
Latin America
Brazil
Mexico
Rest of the World

Furthermore, years considered for the study are as follows:

Historical year – 2018, 2019, 2020
Base year – 2021
Forecast period – 2022 to 2028

Target Audience of the Global Durable Medical Equipment Market in Market Study:

Key Consulting Companies & Advisors
Large, medium-sized, and small enterprises
Venture capitalists
Value-Added Resellers (VARs)
Third-party knowledge providers
Investment bankers
Investors

Companies Mentioned

ArjoHuntleigh
Stryker Corporation
Hill Rom, Inc.
Drive Medical
GF Health Products, Inc.
Sunrise Medical.
Medline Industries, Inc
Carex Health Brands, Inc.
Siemens Healthcare GmbH

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