Canada Durable Medical Equipment Rental Market Size & Outlook
Canada durable medical equipment rental market, 2016-2028 (US$M)
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Canada durable medical equipment rental market highlights
- The Canada durable medical equipment rental market generated a revenue of USD 839.7 million in 2021 and is expected to reach USD 1,155.8 million by 2028.
- The Canada market is expected to grow at a CAGR of 4.7% from 2022 to 2028.
- In terms of segment, bathroom safety and medical furniture was the largest revenue generating application in 2021.
- Personal Mobility Devices is the most lucrative application segment registering the fastest growth during the forecast period.
Durable medical equipment rental market data book summary
| Market revenue in 2021 | USD 839.7 million |
| Market revenue in 2028 | USD 1,155.8 million |
| Growth rate | 4.7% (CAGR from 2021 to 2028) |
| Largest segment | Bathroom safety and medical furniture |
| Fastest growing segment | Personal Mobility Devices |
| Historical data | 2016 - 2020 |
| Base year | 2021 |
| Forecast period | 2022 - 2028 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Personal Mobility Devices, Bathroom Safety and Medical Furniture, Monitoring and Therapeutic Devices |
| Key market players worldwide | Stryker Corp, Getinge AB Class B, Siemens AG, West Pharmaceutical Services Inc, Universal Health Services Inc Class B, GE HealthCare Technologies Inc Common Stock, Hill-Rom, Nunn’s Home Medical Equipment, Woodley Equipment Company, CNY Medical Products, American Medical Technologies Inc, Home Product Center Public Company |
Other key industry trends
- In terms of revenue, Canada accounted for 3.3% of the global durable medical equipment rental market in 2021.
- Country-wise, U.S. is expected to lead the global market in terms of revenue in 2028.
- In North America, U.S. durable medical equipment rental market is projected to lead the regional market in terms of revenue in 2028.
- Canada is the fastest growing regional market in North America and is projected to reach USD 1,155.8 million by 2028.
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Durable Medical Equipment Rental Market Scope
Durable Medical Equipment Rental Market Companies
| Name | Profile | # Employees | HQ | Website |
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Canada durable medical equipment rental market outlook
The databook is designed to serve as a comprehensive guide to navigating this sector. The databook focuses on market statistics denoted in the form of revenue and y-o-y growth and CAGR across the globe and regions. A detailed competitive and opportunity analyses related to durable medical equipment rental market will help companies and investors design strategic landscapes.
Bathroom safety and medical furniture was the largest segment with a revenue share of 56.44% in 2021. Horizon Databook has segmented the Canada durable medical equipment rental market based on personal mobility devices, bathroom safety and medical furniture, monitoring and therapeutic devices covering the revenue growth of each sub-segment from 2016 to 2028.
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Target buyers of Canada durable medical equipment rental market databook
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Our clientele includes a mix of durable medical equipment rental market companies, investment firms, advisory firms & academic institutions.
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30% of our revenue is generated working with investment firms and helping them identify viable opportunity areas.
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Approximately 65% of our revenue is generated working with competitive intelligence & market intelligence teams of market participants (manufacturers, service providers, etc.).
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The rest of the revenue is generated working with academic and research not-for-profit institutes. We do our bit of pro-bono by working with these institutions at subsidized rates.
Horizon Databook provides a detailed overview of country-level data and insights on the Canada durable medical equipment rental market , including forecasts for subscribers. This country databook contains high-level insights into Canada durable medical equipment rental market from 2016 to 2028, including revenue numbers, major trends, and company profiles.
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Canada durable medical equipment rental market size, by application, 2016-2028 (US$M)
Canada Durable Medical Equipment Rental Market Outlook Share, 2021 & 2028 (US$M)
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