U.S. Durable Medical Equipment Market to Reach Around USD 84.3 Billion by 2028

 U.S. Durable Medical Equipment Market Growth & Trends

The U.S. durable medical equipment market size is expected to reach USD 84.3 billion by 2028, according to a new report published by Grand View Research, Inc. It is projected to expand at a 6.0% CAGR over the forecast period. The rising prevalence of chronic diseases with the rapidly mounting geriatric population requiring long-term care and increasing penetration of home healthcare services & staff are factors driving the demand for Durable Medical Equipment (DME).

The demand for DME is projected to witness a rise during the forecast period, as they are designed per patient acceptance and compliance which boosts its adoption. The aging population and preference for shorter hospital stays are the factors making home healthcare more common. With these trends, a significant number of medical devices such as patient monitoring systems and mobility aids are in great demand.

Furthermore, the current coronavirus pandemic has presented unusual and extraordinary challenges to the healthcare system. As the virus continues to spread, there is an increasing demand for home treatment for several health issues, including those directly or indirectly related to COVID-19. As hospital discharges become more prevalent to manage current resources, the resultant demand and production strain on DME providers especially for home oxygen and ventilator suppliers are projected to increase significantly. The ventilator circuit and other respiratory supplies are on a major supply crunch.

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U.S. Durable Medical Equipment Market Report Highlights

• Monitoring and therapeutic devices emerged as the largest segment. It accounted for the largest market share of 89.4% in 2020 owing to the high usage and ease of handling of the products
• The personal mobility devices segment is anticipated to be the fastest-growing segment over the forecast period as these offer custodial care products like door openers, wheelchairs, and scooters
• Moreover, the introduction of advanced walking aids has led to the growth of the personal mobility devices market. An increasing number of disorders, such as spinal cord injuries, osteoporosis, and rheumatoid arthritis is driving the demand for wheelchairs in the U.S.
• The growth of home healthcare as a cost-effective alternative to expensive hospital stay is expected to be a high-impact rendering driver over the forecast period
• Besides, the increase in insured population as a result of the Affordable Care Act is also supporting the market growth within North America

U.S. Durable Medical Equipment Market Segmentation

Grand View Research has segmented the U.S. durable medical equipment market based on product:

U.S. DME Product Type Outlook (Revenue, USD Million, 2016 - 2028)

• Personal Mobility Devices
  • Wheelchairs
  • Scooters
  • Walker & Rollators
  • Canes & Crutches
  • Door Openers
  • Other Devices
• Bathroom Safety Devices & Medical Furniture
  • Commodes & Toilets
  • Mattress & Bedding Devices
• Monitoring & Therapeutic Devices
  • Blood Sugar Monitors
  • Continuous Passive Motion (CPM)
  • Infusion Pumps Market
  • Nebulizers
  • Oxygen Equipment
  • Continuous Positive Airway Pressure (CPAP)
  • Suction Pumps
  • Traction Equipment
  • Other Equipment
    • Insulin Pumps
    • Ostomy Bags & Accessories
    • Wound Care Products
    • Cardiology Devices
    • Vital Signs Monitors
    • Respiratory supplies (APAP/BiPAP)
    • Urinary supplies
    • Diabetic Supplies
    • Incontinence Products
    • Orthopedic braces and support system
    • Muscle Stimulators
    • Others

List of Key Players in the U.S. Durable Medical Equipment Market

• Invacare Corporation
• Sunrise Medical
• ArjoHuntleigh
• Medline Industries, Inc.
• GF Healthcare Products, Inc.
• Carex Health Brands, Inc.
• Cardinal Health
• Drive DeVilbiss Healthcare
• NOVA Medical Products
• Kaye Products, Inc

About Grand View Research

Grand View Research, Inc. is a U.S. based market research and consulting company, registered in the State of California and headquartered in San Francisco. The company provides syndicated research reports, customized research reports, and consulting services. To help clients make informed business decisions, we offer market intelligence studies ensuring relevant and fact-based research across a range of industries, from technology to chemicals, materials and healthcare.