According to the research report titled ‘North America Medical Products Market Size By Product, End-use, Industry Analysis Report, Regional Outlook, Application Potential, Competitive Market Share & Forecast, 2020 – 2026’ available with Market Study Report, North America medical products market is predicted to surpass USD 10.9 billion by 2026 in terms of valuation.
 

Factors such as rising investments towards infrastructural development of healthcare facilities, increasing prevalence of injuries and road accidents, and surging demand for assistive products as a result of the growing geriatric as well as disabled population are propelling the growth of North America medical products market.
 

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Citing an instance, a study by Canadian Survey on Disability recorded around 6.2 billion disabled individuals in the year 2017.
 

Moreover, increasing adoption of medical products coupled with introduction of innovative products such as next-gen knee braces are fueling the expansion of the market. On the contrary, the high cost of medical products along with strict regulations regarding the manufacture of such products may hinder the market growth during 2020-2026. 
 

Based on the product terrain, the bathroom assistive products segment accounted for around USD 1.5 billion in the year 2019. Factors such as rising geriatric population, emergence of innovative technologies, and increasing occurrence of road accidents leading to disabilities in individuals are favoring the growth of the segment.
 

Moving on to the end-user spectrum, the home healthcare segment reflected a market share of 38% in the year 2019 and is anticipated to attain substantial expansion through 2026.Increasing number of healthcare agencies, growing awareness towards home healthcare, expanding patient pool, and rising adoption of homecare facilities are contributing towards the segmental growth.
 

As per the country-level analysis, U.S. medical products market is estimated to register a robust CAGR of 4.9% over 2020-2026. Surging demand for assistive medical products due to high concentration of disabled individuals has enabled U.S. to emerge as a lucrative opportunity for the overall market remuneration.
 

The companies that define the competitive landscape of North America medical products market include Medical Depot, Inc., Karman Healthcare Inc, Quantum Rehab, Numotion, Pride Mobility Products Corporation, Sunrise Medical (US) LLC, Stryker Corporation, Medline Industries, Inc., Invacare Corporation, Hill-Rom Services, Inc., Getinge AB, GF Health Products, Inc., Compass Health Brands Corp, and Cardinal Health, Inc among others.