How is COVID-19 Situation Affecting European Durable Medical Equipment Market?

1. Medical Devices European Durable Medical Equipment Market to be Worth $55.4 billion by 2024 © P&S Intelligence. All rights reserved Page 1

2. Almost 77% of the disease burden and 86% of all annual deaths in Europe are a result of chronic diseases, as per the World Health Organization (WHO). For instance, almost 60 million people in the continent suffer from diabetes, and the WHO says that this number is steadily going up. People of all ages are falling prey to this common, yet pestering endocrine disorder due to obesity, physical inactivity, and poor diet. Similarly, the agency says that heart diseases kill more people than tuberculosis, acquired immune deficiency syndrome (AIDS), and malaria together, in Europe. With the rise in the prevalence of all such chronic diseases, the hospitalization rate is going up. Receive Sample Copy of this Report:https://www.psmarketresearch.com/market-analysis/europe- durable-medical-equipment-market/report-sample Thus, as more people are visiting hospitals and other healthcare centers, the European durable medical equipment market is also growing. The industry size, which was $37.9 billion, is expected to increase at a CAGR of 6.6% during 2019–2024 (forecast period), to ultimately reach $55.4 billion by 2024. The durability of medical equipment has at least a twofold importance: it would lead to less-frequent replacement rate, thus helping save huge sums for medical centers, and also protect caregivers and patients from injuries due to unexpected breakage. Make an Enquiry before Purchase:https://www.psmarketresearch.com/send-enquiry?enquiry- url=europe-durable-medical-equipment-market In today’s time, be it monitoring and therapeutic equipment, bathroom safety equipment, medical furniture, or personal mobility equipment, everything needs to be strong and long-lasting. Among these, durable monitoring and therapeutic equipment has been in the highest demand in the continent, owing to its extreme importance in patient care. Systems such as infusion pumps, blood glucose monitors, oxygen equipment, and vital sign monitors are not only essential in healthcare settings, but several of them are also quite expensive. Additionally, with their heavy usage round the clock, they suffer wear and tear, which is why they must be durable. Further, among the various monitoring and therapeutic systems, vital sign monitors account for the highest installation rate, and the situation is expected to be the same in the coming years. The reason for this is that in surgery rooms, patient rooms, and emergency wards, these devices are quite essential. A single system provides information regarding the patient’s blood pressure, heart rate, respiratory rate, body temperature, and oxygen saturation. Any deviation from the standard values of these parameters can be easily seen on the screen, which enables swift medical intervention. © P&S Intelligence. All rights reserved Page 2

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