Durable Medical Equipment Market Trends 2021 | Segmentation, Outlook, Industry Report to 2027

The global durable medical equipment market is anticipated to grow at a considerable CAGR of 6.5% during the forecast period (2021-2027). 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-

· By Device Type

· By Payer

· By End-User

• Regions Covered-

· North America

· Europe

· Asia-Pacific

· Rest of the World

· Competitive Landscape- General Electric Co., Johnson & Johnson Services, Koninklijke Philips, Medtronic and Stryker

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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

Global Durable Medical Equipment Market by Region

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

· Latin America

· Middle East & Africa

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