Durable Medical Equipment Market By Equipment Type (Personal Mobility Devices, Bathroom Safety Devices and Medical Furniture, and Monitoring and Therapeutic Devices), By End User (Hospitals, Clinics, Ambulatory Surgical Centers, Home Care Settings, and Others), and By Region - Trends, Analysis and Forecast till 2030

The market for durable medical equipment was valued at US$ 55.29 billion globally in 2020. By 2030, it is projected to grow at a compound annual growth rate (CAGR) of 6.6% to reach US$ 104.37 billion. The regions that make up the global market for durable medical equipment are Latin America, North America, Europe, Asia Pacific, and the Middle East and Africa. With the US accounting for the lion's share of revenue generation, North America is leading and has the biggest market share. Aside from this, industry participants are concentrating on creating new goods. For instance, Canada's wearable vital sign monitor for caregivers is approved, and COVID-19 patients are permitted to use it during the quarantine period.