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Durable Medical Equipment Market Trends Report 2023-2032 : Size, Analysis, Growth And Overview | Invacare Corporation, GF Health Products Inc., Stryker Corporation, Hill-Rom Holdings Inc., Siemens Healthcare GmbH
Durable Medical Equipment Market
Durable Medical Equipment Market Size, Growth Rate, And Forecast
The global durable medical equipment market size is expected to grow from $193.62 billion in 2022 to $208.10 billion in 2023 at a compound annual growth rate (CAGR) of 7.5%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The global durable medical equipment market size is expected to reach $265.87 billion in 2027 at a CAGR of 6.3%.
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Durable Medical Equipment Market Drivers
The rise in the aging population is expected to propel the growth of the durable medical equipment market going forward. An aging population refers to an increase in the number of older people due to changes in the age composition of a population.
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Durable Medical Equipment Market Segments
1. By Product: Personal Mobility Devices, Bathroom Safety Devices And Medical Furniture, Monitoring And Therapeutic Devices, Other Products.
2. By Payer: Public, Private, Out-Of-Pocket.
3. By End-Use: Hospitals, Nursing Homes, Home Healthcare, Other End-Uses.
4. By Geography: Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. North America was the largest region in the Durable Medical Equipment market.
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Durable Medical Equipment Market Key Players
Major competitors in the durable medical equipment market include Invacare Corporation, GF Health Products Inc., Stryker Corporation, Hill-Rom Holdings Inc., Siemens Healthcare GmbH.
The Business Research Company's "Global Durable Medical Equipment Market Report 2023" is a comprehensive report of the market, covering over 60 geographies and high level market segmentation per geography. The section on regional and country breakdowns examines the market in each geography as well as market size by region and country. Furthermore, it evaluates the market's historical and projected growth and identifies significant trends and strategies that businesses can use to expand their operations.
The Table Of Content For The Durable Medical Equipment Market Include:
1. Executive Summary
2. Durable Medical Equipment Market Characteristics
3. Durable Medical Equipment Market Trends And Strategies
4. Durable Medical Equipment Market - Macro Economic Scenario
5. Durable Medical Equipment Market Size And Growth
……
26. Africa Durable Medical Equipment Market
27. Durable Medical Equipment Market Competitive Landscape And Company Profiles
28. Key Mergers And Acquisitions In The Durable Medical Equipment Market
29. Durable Medical Equipment Market Future Outlook and Potential Analysis
30. Appendix
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