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

Industry Insights

The U.S. durable medical equipment market size was valued at USD 41.9 billion in 2016 and is expected to register a CAGR of 6.0% over the forecast period. The prevalence of cancer, neurological conditions, gynecological complications, ophthalmic ailments, and cardiac disorders is increasing every year. Treatment of these disorders often requires surgical intervention, which increases the need for long-term care and recovery, thereby spurring demand for durable medical equipment (DME).

In long-term, post-surgery care at home or in any other healthcare setting, DME play an assistive role in faster patient recovery. The expansion of competitive bidding is expected to control the reimbursement rate of durable medical equipment, which is likely to drive retail sales of several products in this category.

The prevalence of cancer is constantly rising, as per statistics published by the World Health Organization (WHO). Approximately 8.2 million people die from cancer every year, 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. Neurological disorders such as Alzheimer, Parkinson’s, and epilepsy are also expected to witness a surge in occurrence over the forecast period.

Increasing geriatric population has also been identified as a vital growth driver for the market. Presently, there are over 40 million people in U.S. aged 65 years and above and this number is anticipated to double by 2050.Geriatric population present a greater susceptibility to chronic conditions such as diabetes, cardiovascular disorders, and other lifestyle disorders. As a result, demand for durable medical equipment is slated to witness a steady demand from this demographic.

Rapidly growing demand for home healthcare services can also be attributed to steady market growth. Statistics published by the U.S. Bureau of Labor Statistics suggests that 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 country is likely to facilitate consistent usage of DME.

Product Insights

Monitoring and therapeutic devices held share of just under 90.0% in 2016. These devices are used for long-term care in case of numerous cardiovascular and neurological disorders and cancer. This segment comprises devices such as 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 includes wound care products, cardiology devices, vital sign monitors, and neuromonitors and is expected to account for the largest share in the U.S. durable medical equipment market during the forecast period. This is owing to rising demand for wireless monitoring devices and growing incidence of lifestyle-related diseases that require routine analysis of vital statistics.

Personal mobility devices are anticipated to register the fastest growth over the forecast period. Introduction of technologically advanced products is likely to aid in this segment’s growth.These devices include wheelchairs, scooters, walkers and rollators, cranes and crutches, door openers, and patient positioning devices.

Wheelchairs are expected to dominate this segment owing to high usage rate and growing demand for powered wheelchairs. The walkers and rollators sub-segment is expected to gain traction over the coming years due to growing popularity of premium and specialty rollators among users.

U.S. Durable Medical Equipment Market Share Insights

Key players in the 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 and acquisitions, and collaborations are some of the leading strategies these players resort to to strengthen their position in the market.

In February 2017, Invacare Corporation launched three high-active custom manual wheelchairs in U.S. under 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 a country level and provides an analysis of latest industry trends in each of the sub-segments from 2014 to 2025.For the purpose of this study, Grand View Research, Inc. has segmented the U.S. durable medical equipment market report 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

      • Insulin Pumps

      • Ostomy Bags and Accessories

      • Wound Care Products

      • Cardiology Devices

      • Vital Signs Monitors

      • Respiratory supplies

      • Urinary supplies

      • Diabetic Supplies

      • Incontinence Products

      • Orthopedic braces and support system

      • Muscle Stimulators

      • Others