The U.S. durable medical equipment market size is expected to reach USD 83.3 billion by 2028, exhibiting a CAGR of 5.8% over the forecast period, according to a new report published by Grand View Research, Inc. The rising prevalence of chronic diseases, growing geriatric population requiring long-term care, and increasing penetration of home healthcare services & staff are the key factors driving the product demand. The demand for DME is projected to witness a rise during the forecast period due to high adoption.
The growing aging population and rising shift towards shorter hospital stays are 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 a number of health issues, including those directly or indirectly related to COVID-19. As hospital discharges become more prevalent to manage the current resources, the resultant demand and production put a strain on DME providers, especially for home oxygen and ventilator suppliers, which is projected to increase significantly. The ventilator circuit and other respiratory supplies are on a major supply crunch.
Request a free sample copy or view report summary: U.S. Durable Medical Equipment Market Report
The rapid growth of home healthcare as a cost-effective alternative to expensive hospital stay is expected to be a high-impact rendering driver for the market over the forecast period
The rise in insured population as a result of the Affordable Care Act is also supporting the market growth
Monitoring & therapeutic devices emerged as the largest product type segment in 2020 accounting for the maximum revenue share of over 89%
The growth was credited to the wide usage of monitoring & therapeutic devices due to ease of handling
Personal mobility devices are anticipated to be the fastest-growing product type segment over the forecast period
The introduction of advanced walking aids has led to a growth of the personal mobility devices segment
Moreover, an increasing number of disorders, such as spinal cord injuries, osteoporosis, and rheumatoid arthritis, are driving the demand for wheelchairs in the U.S.
Grand View Research has segmented the U.S. durable medical equipment market based on product type:
U.S. DME Product Type Outlook (Volume, K Units; Revenue, USD Million, 2016-2028)
Personal Mobility Devices
Walker & Rollators
Canes & Crutches
Bathroom Safety Devices & Medical Furniture
Commodes & Toilets
Mattress & Bedding Devices
Monitoring & Therapeutic Devices
Blood Sugar Monitors
Continuous Passive Motion (CPM)
Continuous Positive Airway Pressure (CPAP)
Ostomy Bags & Accessories
Wound Care Products
Vital Signs Monitors
Respiratory Supplies (APAP/BiPAPA)
Orthopedic Braces & Support System
List of Key Players of U.S. Durable Medical Equipment (DME) Market
Medline Industries, Inc.
GF Healthcare Products, Inc.
Carex Health Brands, Inc.
Drive DeVilbiss Healthcare
NOVA Medical Products
Kaye Products, Inc.
This report has a service guarantee. We stand by our report quality.
Your transaction & personal information is safe and secure.
Design an exclusive study to serve your research needs.
Get your queries resolved from an industry expert.
Avail customized purchase options to meet your research needs:
"The quality of research they have done for us has been excellent..."