Durable Medical Equipment Market

Executive Summary

Durable Medical Equipment Market was valued at US $204.40 billion in 2021 and is projected to grow at 6.79% CAGR over the forecast period to reach US $303.19 billion by 2027. Durable Medical Equipment Market represented US $25.17 billion opportunity over 2019-2021 and estimated to create US $98.79 billion opportunity in 2027 over 2021.

Durable Medical Equipment from Consainsights analyses the Durable Medical Equipment Market in the Life Sciences industry over the forecast period to 2027.

Durable Medical Equipment research report from Consainsights outlines the detailed strategic analysis, trends, market opportunities, growth prospects, industry and market challenges and sustainable solutions to sustain in the competitive environment.

Durable Medical Equipment segmentation includes Device Type, End User and Geography.

Based on the Device Type, the Durable Medical Equipment analysis covers Personal Mobility Devices, Medical Furniture and Bathroom Safety Devices, Monitoring and Therapeutic Devices.

In Device Type segment, Personal Mobility Devices segment has highest cagr growth of 6.02%.

Based on the End User, the Durable Medical Equipment analysis covers Hospital/Clinic, Ambulatory Surgical Center, Other End Users.

In End User segment, Hospital/Clinic segment has highest cagr growth of 6.02%.

Based on the region, the Durable Medical Equipment analysis covers North America, Europe, Asia-Pacific, Middle-East & Africa, Latin America.

Key companies operating in the market include Compass Health Brands, GE Healthcare, Getinge AB, GF Health Products Inc., Medtronic PLC, Invacare Corporation, Masimo, Medline Industries Inc., Koninklijke Philips NV, Sunrise Medical, Konica Minolta Inc., Nihon Kohden Corporation, Hill-Rom Services, Shenzhen Mindray Bio-Medical Electronics Co. Ltd, Arjo, Becton, Dickinson and Company​, Siemens Healthcare GmbH, Pride Mobility, Patricia Industries (Permobil), OMRON Corporation and so on. This report covers the detailed analysis of the company profiles such as business segments, product portfolio, key brand insights and growth strategies adopted, company SWOT and Strategy analysis along with the financial analysis and analyst insights on the key companies operating in this market.

Market Overview

Definition & Scope

The base currency considered was the US Dollar (USD). Conversion of other currencies to USD was considered on the basis of the average exchange rate for the respective review-period years. The exchange rate conversion for forecast period was determined according to the base year’s conversion rates.

The base year was identified based on the availability of annual reports and secondary information. The base year considered for this study is 2027.

The review period considered for this study is from 2018-2027. The CAGR is for the forecast period, 2022-2027.

Market size estimations for the forecast years were in real terms. Inflation is not part of the pricing, and the average selling price (ASP) was kept constant throughout the forecast period for each country.

Distribution of primary interviews conducted was based on the regional share of the market and the presence of key players in each region.

As a result of data triangulation through multiple methodologies and approaches, the weighted averages of resulting estimates were considered to be the final values.

Currency, Year & Forecast

The currency used in this report is USD, with the market size indicated in terms of USD million/billion.

For companies reporting their revenues in USD, the revenues were taken from their respective annual reports/SEC filings.

For companies reporting their revenues in other currencies, the average annual currency conversion rates were used for a particular year to convert the value to USD Market Definition.

Device Type

Introduction

In 2021, Personal Mobility Devices segment has the highest revenue of US $106.44 billion and is expected to grow at CAGR of 6.02% by 2027 Personal Mobility Devices segment has highest cagr growth of 6.02%.

Personal Mobility Devices

Personal Mobility Devices segment was valued at US $93.33 billion in 2019 and is projected to grow at 6.02% CAGR over the forecast period to reach US $157.88 billion by 2027. Personal Mobility Devices segment represented US $13.11 billion opportunity over 2019-2021 and estimated to create US $51.44 billion opportunity in 2027 over 2021.

Medical Furniture and Bathroom Safety Devices

Medical Furniture and Bathroom Safety Devices segment was valued at US $72.88 billion in 2019 and is projected to grow at 6.02% CAGR over the forecast period to reach US $123.30 billion by 2027. Medical Furniture and Bathroom Safety Devices segment represented US $10.24 billion opportunity over 2019-2021 and estimated to create US $40.17 billion opportunity in 2027 over 2021.

Monitoring and Therapeutic Devices

Monitoring and Therapeutic Devices segment was valued at US $13.01 billion in 2019 and is projected to grow at 6.02% CAGR over the forecast period to reach US $22.01 billion by 2027. Monitoring and Therapeutic Devices segment represented US $1.83 billion opportunity over 2019-2021 and estimated to create US $7.17 billion opportunity in 2027 over 2021.

End User

Introduction

In 2021, Hospital/Clinic segment has the highest revenue of US $98.80 billion and is expected to grow at CAGR of 6.02% by 2027 Hospital/Clinic segment has highest cagr growth of 6.02%.

Hospital/Clinic

Hospital/Clinic segment was valued at US $86.63 billion in 2019 and is projected to grow at 6.02% CAGR over the forecast period to reach US $146.55 billion by 2027. Hospital/Clinic segment represented US $12.17 billion opportunity over 2019-2021 and estimated to create US $47.75 billion opportunity in 2027 over 2021.

Ambulatory Surgical Center

Ambulatory Surgical Center segment was valued at US $47.03 billion in 2019 and is projected to grow at 6.02% CAGR over the forecast period to reach US $79.56 billion by 2027. Ambulatory Surgical Center segment represented US $6.61 billion opportunity over 2019-2021 and estimated to create US $25.92 billion opportunity in 2027 over 2021.

Other End Users

Other End Users segment was valued at US $45.57 billion in 2019 and is projected to grow at 6.02% CAGR over the forecast period to reach US $77.09 billion by 2027. Other End Users segment represented US $6.40 billion opportunity over 2019-2021 and estimated to create US $25.12 billion opportunity in 2027 over 2021.