U.S. durable medical equipment market size to surpass USD 76 billion by 2026

The research report on ‘U.S. durable medical equipment market’ offers considerable information such as key development trends, hindering factors, and other growth opportunities that are defining the growth trends of this business sphere over 2020-2026.

Selbyville, Delaware, Nov. 10, 2020 (GLOBE NEWSWIRE) -- According to authentic estimates, U.S. durable medical equipment market is expected to reach a valuation of USD 76.32 billion by the year 2026. The growth is primarily driven by increasing penetration of home healthcare services, high occurrence of chronic conditions, and rising elderly population.

The report also evaluates the various market segmentations like product terrain and end-use spectrum, along with their respective contribution to the overall market growth. It elaborates on the regional scope and conducts a thorough SWOT analysis of the major companies operating in this industry vertical. In addition, the document highlights the effect of COVID-19 outbreak on the industry remuneration and provides with actionable insights for better decision making.

Homecare provides better patient attention at affordable costs. Numerous studies have shown that major proportion of individuals suffering from chronic or physical conditions prefer staying home as compared to any other healthcare institute, which in turn has propelled the demand for durable medical equipment across the United States.

Increased pervasiveness of chronic conditions which require long-term patient care along with growing population of baby boomers are also stimulating U.S. durable medical equipment industry outlook. According to the IARC (International Agency for Research on Cancer), around 27.5 million new cancer cases are expected to be recorded by the year 2040 across the globe, with mortality numbers reaching 16.3 million, simply due to rising geriatric population.

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Apart from this, escalating healthcare expenditure in tandem with focus among public as well as private entities towards reducing these medical expenses by providing home healthcare option are adding traction to the overall market size. Rising concerns regarding durability and performance of these equipment coupled with low remuneration for homecare and personal aides may, however, inhibit the expansion of U.S. durable medical equipment industry.

Regardless, introduction of favorable federal initiatives such as Medicaid and Medicare, which offers insurance coverage for durable medical equipment is likely to create lucrative expansion opportunities for the industry participants.

Highlighting the product spectrum

As per product type, U.S. durable medical equipment market bifurcated personal mobility devices, monitoring & therapeutic devices, and bathroom safety devices & medical furniture.

Industry analysts claimed that monitoring and therapeutic devices segment accounted for substantial market share in the year 2019 and is predicted to grow continuously during the study duration. Factors such as rising prevalence of lifestyle-related diseases and inclination towards using wireless monitoring devices are also contributing towards the overall market outlook.

Parallelly, U.S. durable medical equipment industry share from bathroom safety devices & medical furniture segment is anticipated to record considerable growth in the ensuing years, primarily due to increasing hospitalization rates and growing occurrence of various diseases.

According to authentic estimates, personal mobility devices segment is also expected to emerge as a major contributor to the overall industry in the subsequent years. Development of technologically advanced products, increasing popularity of walkers & rollators, and rising adoption of wheelchairs are fueling the segmental share.

Citing the end-user spectrum

The end-user scope of the overall market consists of hospitals, specialty clinics, ambulatory surgical centers, diagnostic centers, home healthcare, and others.

Among these, hospitals captured majority share in U.S. durable medical equipment market in 2019 and is reckoned to register appreciable growth in the forthcoming years. Improving healthcare infrastructure, technological breakthroughs, and rising number of hospitalizations are propelling the expansion of U.S. durable medical equipment industry from hospitals.

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On the other hand, ambulatory surgical centers (ASCs) segment is estimated to amass notable gains during the analysis timeframe. It is reported that prominent manufacturers supply durable medical equipment to several ASCs in the United States. In addition to this, rising number of ambulatory surgical centers are boosting the product demand, thereby spiking the revenues.

U.S. Durable Medical Equipment Market by Product Type (Revenue, USD Million, 2015-2026)

Monitoring & Therapeutic Devices

  • Traction Equipment
  • Suction Pumps
  • CPAP (Continuous Positive Airway Pressure)
  • Oxygen Equipment
  • Nebulizers
  • Infusion Pumps
  • CPM (Continuous Passive Motion)
  • Blood Sugar Monitors
  • Other Equipment
  • Ostomy Bags and Accessories
  • Insulin Pumps

Bathroom Safety Devices & Medical Furniture

  • Mattress & Bedding Devices
  • Commodes and Toilets

Personal Mobility Devices

  • Door Openers
  • Canes & Crutches
  • Walker and Rollators
  • Scooters
  • Wheelchairs
  • Other Devices

U.S. Durable Medical Equipment Market End-user Analysis (Revenue, USD Million, 2015-2026)

  • Home Healthcare
  • Diagnostic Centers
  • Ambulatory Surgical Centers
  • Specialty Clinics
  • Hospitals
  • Others

U.S. Durable Medical Equipment Market Competitive Outlook (Revenue, USD Million, 2015-2026)

  • Carex Health Brands Inc.
  • Medical Device Depot Inc.
  • Stryker Corp.
  • GF Health Products Inc.
  • Hill-Rom Holdings Inc.
  • ArjoHuntleigh
  • Sunrise Medical Inc.
  • Medline Industries Inc.
  • Invacare Corporation

Table of Content:

Chapter 1. Overview and Scope

  • Research goal & scope
  • Research assumptions
  • Research Methodology
  • Primary data sources
  • Secondary data sources
  • Key take-aways
  • Stakeholders

Chapter 2. Executive Summary

  • Market Snapshot

Chapter 3. U.S. DME Market Variables, Trends & Scope

  • Market segmentation & scope
  • Market Driver Analysis
  • Increasing prevalence of chronic diseases requiring long-term care
  • Rapidly growing geriatric population
  • Increasing penetration of home healthcare services and staff
  • Market Restraint Analysis
  • Performance failure and durability issues of DME
  • Lower remunerations
  • Penetration & growth prospect mapping
  • U.S. DME- SWOT Analysis, By Factor (political & legal, economic and technological)
  • Industry Analysis - Porter's
  • DME Coverage
  • Competitive bidding dynamics and DME
  • Medicaid and DME
  • DME coverage pattern (Percentage):
  • U.S. personal mobility devices reimbursement coverage, 2019
  • U.S. bathroom safety devices and medical furniture reimbursement coverage, 2019
  • U.S. monitoring and therapeutic devices reimbursement coverage, 2019
  • Prescription Submission Analysis
  • List of DME suppliers in the U.S.

Chapter 4. U.S. DME Market: Product Estimates & Trend Analysis

  • U.S. DME market: Product movement analysis
  • Personal Mobility Devices
  • Personal mobility devices market, 2015-2026 (USD Million)
  • Wheelchairs
  • Wheelchairs market, 2015-2026 (USD Million)
  • Scooters
  • Scooters market, 2015-2026 (USD Million)
  • Walker and Rollators
  • Walker and rollators market, 2015-2026 (USD Million)
  • Canes and Crutches
  • Canes and Crutches market, 2015-2026 (USD Million)
  • Door Openers
  • Door Openers market, 2015-2026 (USD Million)
  • Other devices
  • Other devices market, 2015-2026 (USD Million)
  • Bathroom Safety Devices and Medical Furniture
  • Bathroom safety devices and medical furniture market, 2015-2026 (USD Million)
  • Commodes and Toilets
  • Commodes and toilets market, 2015-2026 (USD Million)
  • Mattress & Bedding Devices
  • Mattress & bedding devices market, 2015-2026 (USD Million)
  • Monitoring and Therapeutic Devices
  • Monitoring and therapeutic devices market, 2015-2026 (USD Million)
  • Blood Sugar Monitors
  • Distribution pattern
  • Blood sugar monitors market, 2015-2026 (USD Million)
  • Continuous Passive Motion (CPM)
  • Distribution pattern
  • CPM market, 2015-2026 (USD Million)
  • Infusion Pumps
  • Distribution pattern
  • Infusion pumps market, 2015-2026 (USD Million)
  • Nebulizers
  • Distribution pattern
  • Nebulizers market, 2015-2026 (USD Million)
  • Oxygen equipment
  • Distribution pattern
  • Oxygen equipment market, 2015-2026 (USD Million)
  • Continuous Positive Airway Pressure (CPAP)
  • Distribution pattern
  • CPAP market, 2015-2026 (USD Million)
  • Suction pumps
  • Distribution pattern
  • Suction pumps market, 2015-2026 (USD Million)
  • Traction Equipment
  • Distribution pattern
  • Traction equipment market, 2015-2026 (USD Million)
  • Other Equipment
  • Other equipment market, 2015-2026 (USD Million)
  • Insulin pumps
  • Distribution pattern
  • Insulin pumps market, 2015-2026 (USD Million)
  • Ostomy bags and accessories
  • Distribution pattern
  • Ostomy bags and accessories market, 2015-2026 (USD Million)
  • Other equipment
  • Other equipment market, 2015-2026 (USD Million)

Chapter 5. U.S. DME Market: End User Estimates & Trend Analysis

  • U.S. DME market: End User movement analysis
  • Hospitals
  • Hospitals market, 2015-2026 (USD Million)
  • Specialty Clinics
  • Speciality clinics market, 2015-2026 (USD Million)
  • Ambulatory Surgical Centers
  • Ambulatory Surgical Centers market, 2015-2026 (USD Million)
  • Diagnostic Centers
  • Diagnostic Centers market, 2015-2026 (USD Million)
  • Home Healthcare
  • Home Healthcare market, 2015-2026 (USD Million)
  • Others
  • Other end user market, 2015-2026 (USD Million)

Chapter 6. Competitive Landscape  

Related Report:

Durable Medical Equipment Market Size, Industry Analysis Report, Regional Outlook, Competitive Market Share & Forecast, 2020 – 2026

Durable Medical Equipment Market size is expected to witness more than 6.1% CAGR from 2020 to 2026, as per new research report. Technological advancements in manufacturing of durable medical equipment (DME) will render a positive impact on the market growth. Advancement in medical technology has allowed surgeons to securely diagnose and treat patients effectively. Continuous development in the medical field have saved several patients’ lives and enhanced the quality of life. Improving quality of life is the foremost advantage of integrating new alteration into medicine.

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