U.S. Durable Medical Equipment (DME) Market Analysis By Product Personal Mobility Devices, Bathroom Safety Devices And Medical Furniture, Monitoring And Therapeutic Devices), And Segment Forecasts, 2018 - 2025

Industry Insights

The U.S. durable medical equipment (DME) market size was valued at USD 41.9 billion in 2016 and is expected to grow at a CAGR of 6.0% over the forecast period. The prevalence of cancer, neurological conditions, gynecological, ophthalmic, & cardiac disorders is increasing every year. The treatment of these disorders may require surgical procedures, which increases the demand for surgical intervention, thus resulting in requirement of long-term care until recovery. In long term post-surgery care in home or any other healthcare setting, the DME play assistive role in faster recovery of patient. Hence, increasing prevalence is fostering the growth of U.S. DME market.

The prevalence of cancer is rising as per statistics published by the World Health Organization (WHO). Approximately 8.2 million people die every year from cancer, which accounts for 13.0% of deaths worldwide. Moreover, it is anticipated that there will be 70.0% increase in new cases of cancer over the next couple of decades. Also, neurological disorders, such as Alzheimer, Parkinson’s, and epilepsy, are expected to witness the highest occurrence over the forecast period.

U.S. DME market, by product, 2014 - 2025 (USD Billion)

Increasing geriatric population base is assessed to be one of the vital driver for the lucrative growth of U.S. DME market. Presently, there are over 40 million people in the U.S. aged 65 years & above and this number is anticipated to double by 2050.The rising geriatric population is expected to increase susceptibility toward chronic conditions such as diabetes, cardiovascular disorders, and other lifestyle disorders. This demographic is key user of DME, therefore rising geriatric population is important factor governing the growth of U.S. DME market.

Rapidly growing demand for home healthcare services can also be attributed to the growing demand of this market. Statistics published by the U.S. Bureau of Labor Statistics suggests that the home health aides and personal care aides are expected to increase by 13 million in 2020 (a 70% increase from 2010). In addition, the organization predicts that home healthcare employment is expected to grow at a rate of 55.0% from 2006 to 2016, making it the fastest growing occupation of the next decade. This exponential growth in home healthcare personnel in the U.S. is likely to facilitate sound usage of these devices which further anticipated to bolster U.S. DME market revenue. 

Product Insights

Monitoring and therapeutic devices held lucrative share of around 85.0% in 2016. This segment is inclusive of a wide range of devices used for long-term care for numerous disorders such as cardiovascular & neurological and cancer.

Monitoring and therapeutic devices include blood sugar monitors, Continuous Passive Motion (CPM), infusion pumps, nebulizer, oxygen equipment, Continuous Positive Airway Pressure (CPAP), suction pumps, traction equipment, and others. The others segment including wound care products, cardiology devices, vital sign monitors, and neuromonitors is expected to hold highest market share during the forecast period owing to rising demand for wireless monitoring devices and growing incidence of lifestyle-related diseases that require routine vital statistics analysis.

Personal mobility devices are anticipated to gain significant market share over the forecast period. Introduction of technologically advanced products is likely to help this segment’s growth.The key product segments analyzed and reported in the study include wheelchairs, scooters, walkers & rollators, cranes & crutches, door openers, patient positioning devices, and others.

The wheelchair segment is expected to dominate this space owing to high usage rate and growing demand for powered wheel chairs. In addition, the walkers & rollators segment is expected to gain revenue over the next eight years due to growing popularity of premium and specialty rollators among users.

U.S. DME market, by product, 2016 (%)

Competitive Insights

The key players for the U.S. DME market include ArjoHuntleigh, Invacare Corporation, Sunrise Medical, Stryker Corporation, Hill Rom, Inc, Drive Medical, Medline Industries Inc., Carex Health Brands, Inc. and GF Health Products Inc. New product launches, mergers & acquisitions and collaboration are the key strategic undertakings by these market players.

For instance, in February 2017, Invacare Corporation launched three high-active custom manual wheelchairs in the U.S., belonging to the küschall brand, namely, küschall K-Series attract, küschall Champion, and küschall Advance.

Report Scope

Segments Covered in the Report

This report forecasts revenue growth at country level and provides an analysis on the latest trends and opportunities in each of the sub segments from 2014 to 2025. For the purpose of this study, Grand View Research has segmented the U.S. DME market on the basis of product:

• Product Outlook (Revenue, USD Million; 2014 - 2025)

  • Personal Mobility Devices

    • Wheelchairs

    • Scooters

    • Walkers and Rollators

    • Cranes and Crutches

    • Door Openers

    • Other Devices

  • Bathroom Safety Devices & Medical Furniture

    • Commodes and Toilets

    • Mattress & Bedding Devices

  • Monitoring & Therapeutic Devices

    • Blood Sugar Monitors

    • Continuous Passive Motion

    • Infusion Pump

    • Nebulizers

    • Oxygen Equipment

    • Continuous Positive Airway Pressure

    • Suction Pump

    • Traction Equipment

    • Other Equipment