Europe Durable Medical Equipment Market Insights Forecasts to 2032
- The Europe Durable Medical Equipment Market was valued at USD 2.52 Billion in 2022.
- The Market is growing at a CAGR of 8.0% from 2022 to 2032.
- The Europe Durable Medical Equipment Market is expected to reach USD 5.44 Billion by 2032.
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The Europe Durable Medical Equipment Market size was valued at USD 2.52 Billion in 2022. The Europe Durable Medical Equipment Market is projected to exceed USD 5.44 Billion by 2032, growing at a CAGR of 8.0% from 2022 to 2032.
Europe's Durable Medical Equipment (DME) sector is a vital component of the region's healthcare infrastructure, offering a wide array of specialized devices and equipment designed to enhance the quality of life for individuals with long-term medical conditions and disabilities. This industry encompasses an extensive range of products, including wheelchairs, prosthetic limbs, orthopedic braces, mobility aids, and much more. The European DME market is driven by several key factors. Firstly, the aging population in many European countries has resulted in an increased demand for these medical devices, as older individuals often require mobility assistance and other DME for their daily lives. Additionally, advancements in technology have led to the development of more innovative and sophisticated DME products, improving the overall quality of care and patient independence. Regulatory frameworks across Europe, while varying by country, generally ensure product safety and quality standards, contributing to the credibility of the European DME market. Moreover, the growth of e-commerce platforms and online distribution channels has made it easier for consumers to access and acquire these devices.
This research report categorizes the market for Europe Durable Medical Equipment market based on various segments and regions and forecasts revenue growth and analyzes trends in each submarket. The report analyses the key growth drivers, opportunities, and challenges influencing the Europe Durable Medical Equipment market. Recent market developments and competitive strategies such as expansion, product launch, and development, partnership, merger, and acquisition have been included to draw the competitive landscape in the market. The report strategically identifies and profiles the key market players and analyses their core competencies in each sub-segment of the Europe Durable Medical Equipment market.
Europe Durable Medical Equipment Market Report Coverage
|Market Size in 2022:||USD 2.52 Bn|
|Forecast Period:||2022 – 2032|
|Forecast Period 2022 – 2032 CAGR:||8.0%|
|022 – 2032 Value Projection:||USD 5.44 Bn|
|Historical Data for:||2020-2021|
|No. of Pages:||200|
|Tables, Charts & Figures:||150|
|Segments covered:||By Product Type, By End User, By Country.|
|Companies Covered:||Siemens AG, 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., Others, and Others.|
|Pitfalls & Challenges:||COVID-19 Empact, Challenge, Future, Growth, & Analysis|
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The rising incidence of chronic illnesses, such as diabetes, cardiovascular diseases, and musculoskeletal disorders, necessitates the use of DME for long-term care and management. DME products like glucose monitors, oxygen concentrators, and mobility aids are essential in supporting patients with chronic conditions. Ongoing technological advancements in the healthcare sector have led to the development of more sophisticated and user-friendly DME products. Innovations like smart prosthetics, remote monitoring devices, and wearable DME offer improved functionality and patient comfort, driving market growth.
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The Europe Durable Medical Equipment Market share is segmented into product type and end user.
- The personal mobility devices segment is expected to hold the largest share of the Europe Durable Medical Equipment Market during the forecast period.
The Europe Durable Medical Equipment Market is divided by product type into personal mobility devices, medical furniture & bathroom safety devices, monitoring & therapeutic devices. Among these, the personal mobility devices segment is expected to hold the largest share of the Europe Durable Medical Equipment Market during the forecast period. Personal mobility devices are crucial for individuals with mobility impairments. These include wheelchairs, walkers, scooters, and crutches. These devices provide mobility and independence to those with physical limitations, enhancing their quality of life. In Europe, with an aging population and a focus on improving accessibility, personal mobility devices have seen significant demand.
- The Hospitals segment is expected to hold the largest share of the Europe Durable Medical Equipment Market during the forecast period.
Based on the end user, the Europe Durable Medical Equipment market is classified into Hospitals, ASCs, Home Care Settings. Among these, the Hospitals segment is expected to hold the largest share of the Europe Durable Medical Equipment Market during the forecast period. Hospitals are major consumers of durable medical equipment in Europe. DME in hospitals includes a wide range of equipment, such as hospital beds, surgical instruments, diagnostic devices, and mobility aids. Hospitals require a substantial amount of DME to provide comprehensive care, both for inpatient and outpatient services. Hospital-based DME is used in various departments, including orthopedics, cardiology, and intensive care units. The demand for DME in hospitals is driven by the need to deliver high-quality care, support complex medical procedures, and ensure patient comfort and safety.
The report offers the appropriate analysis of the key organizations/companies involved within the Europe Durable Medical Equipment Market along with a comparative evaluation primarily based on their product offering, business overviews, geographic presence, enterprise strategies, segment market share, and SWOT analysis. The report also provides an elaborative analysis focusing on the current news and developments of the companies, which includes product development, innovations, joint ventures, partnerships, mergers & acquisitions, strategic alliances, and others. This allows for the evaluation of the overall competition within the market.
List of Key Companies
- Siemens AG
- Invacare Corporation
- Hill-Rom Holdings Inc.
- Stryker Corporation
- Medtronic plc
- Dickinson and Company
- Medline Industries Inc.
- Johnson & Johnson
- Abbott Laboratories
- Koninklijke Philips N.V.
Key Target Audience
- Market Players
- Government Authorities
- Consulting and Research Firm
- Venture capitalists
- Value-Added Resellers (VARs)
This study forecasts revenue at, regional, and country levels from 2019 to 2032. Spherical Insights has segmented the Europe Durable Medical Equipment Market based on the below-mentioned segments:
Europe Durable Medical Equipment Market, By Product Type
- Personal Mobility Devices
- Medical Furniture & Bathroom Safety Devices
- Monitoring & Therapeutic Devices
Europe Durable Medical Equipment Market, By End User
- Home Care Settings
Europe Durable Medical Equipment Market, By Country
- United Kingdom
- Rest of Europe
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