Durable Medical Equipment Market Is Estimated To Exhibit At USD 331.1 Billion By 2030
San Francisco, 8 Sep 2022: The Report Durable Medical Equipment Market Size, Share & Trends Analysis Report By Product, By End Use (Hospitals, Nursing Homes), By Region, And Segment Forecasts, 2022 - 2030 The global durable medical equipment market size is expected to reach USD 331.1 billion and register a CAGR of 5.9% from 2022 to 2030, according to a new report by Grand View Research, Inc. The market is primarily driven by a rise in chronic diseases, such as kidney failure and cancer. Moreover, technological advancements along with a strong reimbursement scenario are likely to boost the durable medical equipment (DME) market over the forecast period. The growing geriatric population across the globe is likely to contribute to the industry expansion. People aged 60 years or above are more prone to health issues, such as diabetes, mobility issues, Cardiovascular Diseases (CVDs), and other lifestyle problems. This creates demand for DME products. However, stringent regulatory g