U.S. Durable Medical Equipment Market Is Estimated To Exhibit At USD 83.3 Billion By 2028


 San Francisco, 18 Feb 2022: The Report U.S. Durable Medical Equipment Market Size, Share & Trends Analysis Report By Product Type (Bathroom Safety Devices & Medical Furniture, Monitoring & Therapeutic Devices, Personal Mobility Devices), And Segment Forecasts, 2021 - 2028

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.

Access Research Report of U.S. Durable Medical Equipment Market @ https://www.grandviewresearch.com/industry-analysis/us-durable-medical-equipment-dme-market

U.S. Durable Medical Equipment Market Report Highlights

  • 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.

List of Key Players of U.S. Durable Medical Equipment (DME) Market

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

Access Press Release of U.S. Durable Medical Equipment Market @ https://www.grandviewresearch.com/press-release/us-durable-medical-equipment-dme-market-analysis

 

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