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Europe Durable Medical Equipment Market by Overview, Growth Opportunities, Manufacturing Cost Structure Analysis
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The U.K. durable medical equipment market is expected to be valued at $7,083.0 million by 2024, registering a CAGR of 8.4% during the forecast period. This growth will be mainly driven by the increasing life expectancy of the country’s population, and growing accessibility to technologically advanced products. According to the Institute for Health Metrics and Evaluation (IHME) data, in the U.K., the life expectancy of females increased from 78.5 years in 1990 to 82.7 years in 2017, and for males it increased from 72.9 years in 1990 to 79.2 years in 2017. These factors will drive the demand for DME in the country during the forecast period.
Some of the other key players operating in the European durable medical equipment market are Invacare Corporation; Hill-Rom Holdings Inc.; Stryker Corporation; Medtronic plc; Becton, Dickinson and Company; Medline Industries Inc.; Johnson & Johnson; Abbott Laboratories; Koninklijke Philips N.V.; Siemens AG; General Electric Company; Arjo AB; DeVilbiss Healthcare LLC; Handicare Group AB; Permobil AB; and Sunrise Medical.
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