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FAQ's

Answer : According to Precedence Research, the durable medical equipment market size was valued at US$ 183.5 billion in 2020 and is projected to reach around US$ 377.24 billion by 2030.

Answer : The durable medical equipment market growth is expected to reach at a CAGR of 6.3% during the forecast period 2021 to 2030.

Answer : The growth factors impacting the durable medical equipment market are increase in chronic diseases across the globe especially in the older generation people, surge in older population across the globe and rapid technological advancement in the durable medical equipment’s.

Answer : North America region leads the market in durable medical equipment. In North America, the demand for Durable Medical Equipment is very high due to increase in chronic diseases among the people of North America.

Answer : The monitoring and therapeutic devices sector will lead the durable medical equipment market with highest revenue share during the forecast period owing to the rapid increase of chronic disease among the people all over the world.

Answer : The major players operating in the durable medical equipment market are ArjoHuntleigh, Becton, Dickinson and Company, General Electric Company, GF Health Products Inc., Hill-Rom Services Inc., Invacare Corporation, Koninklijke Philips NV, Medical Device Depot Inc., Medline Industries Inc., Medtronic PLC, Omron Corporation, Siemens Healthineers AG (Siemens AG) and Stryker Corporation.

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