North America Durable Medical Equipment Market To Expand Industry Growth At USD 114.4 Billion By 2030
San Francisco, 11 Nov 2022: The Report North America 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 North America durable medical equipment market size is expected to reach USD 114.4 billion by 2030, according to a new report by Grand View Research, Inc. It is expected to register a CAGR of 5.8% from 2022 to 2030. The market for durable medical equipment (DME) is mainly driven by the rise in chronic diseases, such as cancer and diabetes. Factors such as the technological advancements and the remote patient monitoring services along with a strong reimbursement scenario are likely to boost the growth of the market over the forecast period. The rapid aging population across the region is likely to contribute to the industry expansion. The geriatric population aged 60 years and above which comprise around 16.5% of the total population is more prone to chronic