According to the recent research report titled ‘Europe Medical Products Market Forecast By End-use, Product, Industry Analysis Report, Regional Outlook, Application Potential, Competitive Market Share & Forecast, 2020 – 2026’, available with Market Study Report, Europe medical products market is projected to amass USD 7.6 billion by 2026 and grow substantially during the forecast period.
 

Growing elderly population, increasing number of road accidents & disabilities in Europe, technological advancements, and rising investments in healthcare infrastructural are the key factors positively impacting Europe medical products market outlook.
 

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Increasing number of various disabilities is fostering the Europe medical products industry expansion as surging road accidents and other causalities boosts the demand for seat commodes, medical beds, wheelchairs, and walkers.
 

Based on product, wheelchair segment accounted for considerable revenue share in the year 2019 and is likely to record a CAGR of 5.5% CAGR over the analysis period. The segmental growth is attributed to growing acceptance of technologically advanced powered wheelchairs.
 

Besides, increasing obese population in the region further augments the adoption of wheelchairs, which in turn propels the Europe medical products industry share. Further, rising cases of physical impairment among children in the region boosts the demand for wheelchairs, thereby contributing to the market growth.
 

Speaking of end-use scope, homecare segment was worth USD 1.9 billion in the year owing to concentration of home healthcare facilities in the region. Additionally, rising cognizance regarding healthcare services along with homecare settings results in rise in provision of universal health coverage for the residents of Europe.
 

Increasing instances of foot ulcers in growing obese population is anticipated to boost the demand for homecare setting which will accelerate the demand for wheelchairs & walkers, promoting the Europe medical products market  expansion.
 

Citing the regional landscape, Germany medical product market share is projected to expand with a CAGR of 4.7% during the study period. As per the report, in Germany, more than half of the adult population is obese and suffering from various chronic diseases including osteoporosis and arthritis. These factors boost the demand for walkers & wheelchairs, thus fostering the market growth.
 

Leading organizations influencing Europe medical products market forecast are LINET spol. s.r.o., MEYRA GmbH, OTTOBOCK, Permobil Group, Sunrise Medical, Stryker Corporation, Medline Industries Inc., Invacare Corporation, Hill-Rom Services, Inc., Getinge AB, and Cardinal Health.