U.S. Durable Medical Equipment Market Size, Share & Trends Analysis Report By Product Type (Personal Mobility Devices, Monitoring & Therapeutic Devices), And Segment Forecasts, 2020 - 2027

Report Overview

The U.S. durable medical equipment market size was valued at USD 49.9 billion in 2019 and is expected to grow at a compound annual growth rate (CAGR) of 6.0% from 2020 to 2027. An increase in the prevalence of chronic disease, rapid technological advancements, and a rising aging population are the leading factors propelling the overall demand for durable medical equipment (DME) in the country. Rising product approvals are projected to further fuel the product demand. Durable medical equipment is the medical device used for improving the quality of the life of the patients. Some of the common DME include wheelchairs, blood sugar monitors, and nebulizers. The expansion of competitive bidding is expected to control the reimbursement rate of the products, which is likely to drive retail sales of several products in the forthcoming years.

The rising incidence of chronic diseases such as cancer, multiple sclerosis, and rheumatoid arthritis, is anticipated to drive the demand for DME. As per the National Cancer Institute Report 2018, approximately 1.7 million people in the U.S. were diagnosed with cancer. Moreover, around a 70.0% rise is expected in new cases of cancer over the next couple of years. Such a significant rise in the disease occurrence is anticipated to drive the product demand. Neurological disorders, such as epilepsy and Alzheimer’s and Parkinson’s diseases are also expected to witness a surge in occurrence over the forecast period. As per a survey carried out by the American Neurological Association in 2017, around 5.3 million people in the U.S. were suffering from Alzheimer’s.

The increasing geriatric population is one of the important factors driving the growth of the U.S. durable medical equipment market. As per a survey carried out by the Population Reference Bureau in 2019, over 52 million people in the U.S. were aged 65 years and above. This number is anticipated to increase to 95 million by 2050. The geriatric population presents a greater exposure to chronic conditions, such as cancer, diabetes, and other lifestyle chronic disorders. Hence, the demand for DME is expected to increase in the near future.

Product Type Insights

On the basis of product type, the U.S. market for durable medical equipment is segmented into personal mobility devices, bathroom safety devices and medical furniture, and monitoring and therapeutic devices. Monitoring and therapeutic devices accounted for the largest market share in 2019 due to their ease of use, convenience, and patient preference for the equipment.

Based on bathroom safety devices and medical furniture, the market is sub-segmented into commodes and toilets and mattresses and bedding devices. The monitoring and therapeutic devices are sub-segmented into blood sugar monitors, Continuous Passive Motion (CPM), infusion pumps, nebulizers, oxygen equipment, Continuous Positive Airway Pressure (CPAP), suction pumps, traction equipment, and others. Monitoring and therapeutic devices are held around 90.0% market share in 2019. This equipment is most widely used for long-term care in the case of cancer, neurological disorders, and cardiovascular and other such chronic diseases.

The others segment is expected to account for the major market share during the forecast period due to the increasing demand for wireless monitoring devices and the prevalence of lifestyle-related diseases that require routine examination of vital statistics. Whereas personal mobility devices are projected to register the fastest CAGR of 6.3% over the forecast period. Technological advancement in durable medical equipment is likely to aid segment growth. These devices include a wheelchair, scooters, walkers and rollators, canes and crutches, and door openers. The wheelchair is expected to dominate this segment due to its increasing demand and high usage rate. It is estimated that around 3.3 million patients in the U.S. use wheelchairs for day-to-day mobility needs.

Advancements in medical devices technologies, advanced healthcare infrastructure, and high demand for quality products are some of the factors anticipated to boost the demand for DME equipment in the U.S. According to a survey carried out by the National Center for Biotechnology Information (NCBI) in 2018, around 133 million people in the country suffer from at least one chronic disease. Hence, the DME market is expected to witness significant growth during the forecast period.

Key Companies & Market Share Insights

The U.S. DME market is highly competitive. Some of the players operating in the market include Invacare Corporation; Sunrise Medical; ArjoHuntleigh; Hill-Rom; Stryker; Medline Industries, Inc.; Medical Device Depot, Inc.; GF Health Products Inc.; Carex Health Brands; Baxter International, Inc.; Becton, Dickinson and Company; and Joerns Healthcare LLC.

Key parameters affecting the competitive nature are the rapid adoption of advanced devices for improved healthcare. Also, the major players often undertake mergers and acquisitions along with new product launches in order to retain share and diversify the product portfolio. In February 2017, Hill-Rom acquired Mortara Instrument, Inc., a Wisconsin-based medical device manufacturer, to increase its product portfolio and revenue growth.

U.S. Durable Medical Equipment Market Report Scope

Segments Covered in the Report

This report forecasts revenue growth at country levels and provides an analysis of the latest industry trends in each of the sub-segments from 2016 to 2027. For the purpose of this study, Grand View Research has segmented the U.S. durable medical equipment market report on the basis of product:

• Product Type Outlook (Volume, Thousand Units; Revenue, USD Million, 2016 - 2027)

  • Personal Mobility Devices

    • Wheelchairs

    • Scooters

    • Walker and Rollators

    • Canes and Crutches

    • Door Openers

    • Other Devices

  • Bathroom Safety Devices and Medical Furniture

    • Commodes and Toilets

    • Mattress & Bedding Devices

  • Monitoring and Therapeutic Devices

    •  Blood Sugar Monitors

    •  Continuous Passive Motion (CPM)

    •  Infusion Pumps

    •  Nebulizers

    •  Oxygen equipment

    •  Continuous Positive Airway Pressure (CPAP)

    •  Suction pumps

    •  Traction Equipment

    •  Others

      • Insulin pumps

      • Ostomy bags and accessories

      • Wound care products

      • Cardiology Devices

      • Vital Signs Monitor

      • Respiratory supplies

      • Urinary supplies

      • Diabetic supplies

      • Incontinence products

      • Orthopedic braces and support

      • Muscle stimulators

      • Others