Durable Medical Equipment Rental Market worth $35 billion by 2027
The report "Durable Medical Equipment Rental Market by Product (Wheelchairs, Scooters, Walkers, Crutches, Door Openers, Mattresses, Glucose Monitors, Infusion Pumps, Nebulizers, CPAP Devices, Suction Pumps), Application (Personal Mobility, Bathroom Safety, Therapeutic Devices), End User (Hospitals, A.S.C.S, Home Care) - Global Forecasts to 2027", is projected to reach USD 35 billion by 2027 from USD 26 billion in 2022, at a CAGR of 5% during the forecast period
View detailed Table of Content here - https://www.marketsandmarkets.com/Market-Reports/durable-medical-equipment-rental-market-8304027.html
The durable medical equipment rental market is driven by the increasing number of disabled and geriatric populations and the rising need for short-term care, technological advancements, and higher adoption of D.M.E. rental services.
Based on application, personal mobility devices accounted for the largest share of the durable medical equipment rental market in 2021.
Based on application, the durable medical equipment rental market is segmented into Personal mobility devices, Bathroom safety, medical furniture, and Monitoring and therapeutic devices. In 2021, bathroom safety and medical furniture accounted for the largest share of the durable medical equipment rental market. The key factors driving the growth of this segment include the rising prevalence of chronic diseases requiring long-term care, leading to increasing demand for rental services for equipment such as mattresses, bedding, anti-skid bathroom ware, and toilet safety rails.
North America to command the largest share of the durable medical equipment rental market in 2021
Based on region, the durable medical equipment rental market is segmented into North America, Europe, the Asia Pacific, Latin America, and Middle East & Africa. North America accounted for the largest durable medical equipment rental market in 2021. The growth of the North American market is primarily driven by the high prevalence of various diseases, rapid adoption of technologically advanced medical devices, increased surgery volume, and well-established regional players.
Prominent players in the durable medical equipment rental market include Hill-Rom Holdings, Inc. (U.S.), Stryker Corporation (U.S.), Getinge Ab (Sweden), Siemens Healthineers (Germany), Nunn's Home Medical Equipment (U.S.), Westside Medical Supply (U.S.), Universal Hospital Services, Inc (U.S.), Woodley Equipment Company Ltd (U.K.), G.E. Healthcare (U.S.), C.N.Y Medical Products Inc. (U.S.), All American Medical Supply Corp. (U.S.), Homepro Medical Supplies, L.L.C. (U.S.), among others.
About MarketsandMarkets™
MarketsandMarkets™ provides quantified B2B research on 30,000 high growth niche opportunities/threats which will impact 70% to 80% of worldwide companies’ revenues. Currently servicing 7500 customers worldwide including 80% of global Fortune 1000 companies as clients. Almost 75,000 top officers across eight industries worldwide approach MarketsandMarkets™ for their painpoints around revenues decisions.
Our 850 fulltime analyst and SMEs at MarketsandMarkets™ are tracking global high growth markets following the "Growth Engagement Model – GEM". The GEM aims at proactive collaboration with the clients to identify new opportunities, identify most important customers, write "Attack, avoid and defend" strategies, identify sources of incremental revenues for both the company and its competitors. MarketsandMarkets™ now coming up with 1,500 MicroQuadrants (Positioning top players across leaders, emerging companies, innovators, strategic players) annually in high growth emerging segments. MarketsandMarkets™ is determined to benefit more than 10,000 companies this year for their revenue planning and help them take their innovations/disruptions early to the market by providing them research ahead of the curve.
MarketsandMarkets’s flagship competitive intelligence and market research platform, "Knowledgestore" connects over 200,000 markets and entire value chains for deeper understanding of the unmet insights along with market sizing and forecasts of niche markets.
Contact:
Mr. Aashish Mehra
MarketsandMarkets™ INC.
630 Dundee Road
Suite 430
Northbrook, IL 60062
USA : 1-888-600-6441
sales@marketsandmarkets.com
- Triangulate with your Own Data
- Get Data as per your Format and Definition
- Gain a Deeper Dive on a Specific Application, Geography, Customer or Competitor
- Any level of Personalization
- What are the Known and Unknown Adjacencies Impacting the Durable Medical Equipment Rental Market
- What will your New Revenue Sources be?
- Who will be your Top Customer; what will make them switch?
- Defend your Market Share or Win Competitors
- Get a Scorecard for Target Partners
