U.S. Durable Medical Equipment Market Share, Size, Trends, Industry Analysis Report, By Product (Personal Mobility Devices, Bathroom Safety Devices & Medical Furniture, and Monitoring & Therapeutic Devices); By End User; Segment Forecast, 2023 - 2032
- Published Date:Aug-2023
- Pages: 116
- Format: PDF
- Report ID: PM1693
- Base Year: 2022
- Historical Data: 2019-2021
Report Outlook
The U.S. durable medical equipment market was valued at USD 59.13 billion in 2022 and is expected to grow at a CAGR of 6.3% during the forecast period.
The market is a dynamic and rapidly growing sector within the healthcare industry. Durable medical equipment refers to a broad range of devices and equipment that provide therapeutic benefits to patients needing medical care. These products are designed to withstand repeated use and are intended for long-term use by individuals with chronic conditions or disabilities.
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The U.S. durable medical equipment market is driven by various factors, including an aging population, increasing prevalence of chronic diseases, technological advancements, and a rising focus on home healthcare. The aging population in the U.S. is a significant driver of market growth, as older individuals are more likely to require durable medical equipment to manage their healthcare needs. Additionally, the increasing prevalence of chronic diseases, such as diabetes, cardiovascular diseases, and respiratory disorders, contributes to the demand for DME.
Technological advancements play a crucial role in the growth of the U.S. DME market. Innovations in medical device technology have led to the development of more advanced and efficient DME products. These advancements include wireless connectivity, remote monitoring capabilities, and improved user interfaces, enhancing the overall patient experience and driving market growth.
Another significant factor driving the market is the increasing preference for home healthcare. Patients and healthcare providers are recognizing recognize managing medical conditions in the comfort of the patient's own homes. This trend reduces healthcare costs, increases patient convenience, and improves patient outcomes. Durable medical equipment facilitates home healthcare by providing patients with the necessary tools and equipment to manage their conditions effectively.
However, the U.S. DME market faces challenges, including reimbursement issues, stringent regulatory requirements, and pricing pressures. The reimbursement landscape for DME is complex, with insurance coverage and reimbursement policies varying across different payers and regions. The evolving regulatory environment and compliance requirements also pose challenges for manufacturers and suppliers of DME. Additionally, pricing pressures from government programs and insurance companies impact the profitability of market players.
Industry Dynamics
Growth Drivers
The market is witnessing significant growth due to the increasing prevalence of chronic diseases that require long-term care. Chronic diseases such as diabetes, cardiovascular diseases, respiratory disorders, and musculoskeletal conditions are rising in the United States. These conditions often require ongoing management and treatment, which creates a strong demand for durable medical equipment.
Patients with chronic diseases often rely on DME to improve their quality of life and maintain independence. For instance, individuals with diabetes may require glucose meters, insulin pumps, and continuous glucose monitoring systems. Patients with cardiovascular diseases may need cardiac monitors or home oxygen therapy. Those with respiratory disorders may require nebulizers, oxygen concentrators, or sleep apnea machines. Musculoskeletal conditions may necessitate mobility aids such as wheelchairs, walkers, or orthopedic braces.
As the prevalence of chronic diseases continues to increase, the demand for DME is expected to grow. The availability of advanced and technologically sophisticated DME products further supports managing and treating chronic conditions. The convenience and cost-effectiveness of home healthcare and the desire to reduce hospital visits and readmissions also contribute to the market expansion.
To cater to the growing demand, manufacturers and suppliers of DME are continually innovating and developing new products that provide enhanced functionality, ease of use, and improved patient outcomes. Additionally, collaborations between healthcare providers, insurance companies, and DME suppliers are being established to streamline delivering and reimbursing DME to patients with chronic diseases.
Report Segmentation
The market is primarily segmented based on product and end user.
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By Product |
By End User |
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Monitoring and therapeutic devices held a lucrative share in 2022
The market is segmented into personal mobility, bathroom safety devices & medical furniture, and monitoring & therapeutic devices. Monitoring and therapeutic devices held a lucrative share in 2022. This segment includes a wide range of devices used for long-term care for numerous disorders such as cardiovascular & neurological, and cancer. Personal mobility devices are anticipated to gain significant market share over the forecast period. The introduction of technologically advanced products will help this segment’s growth. In the personal mobility devices section, the wheelchair segment is expected to dominate the market owing to the high usage rate and growing demand for powered wheelchairs. In addition, the walkers & rollators segment is expected to gain revenue over the next eight years due to the growing popularity of premium and specialty rollators among users.
Bathroom safety devices and medical furniture include commodes & toilets and mattress & bedding devices. The mattresses and bedding segment is anticipated to hold a major market share over the forecast period due to the rising prevalence of chronic and other diseases, which leads to hospitalization.
Monitoring and therapeutic devices include blood sugar monitors, Continuous Passive Motion (CPM), infusion pumps, nebulizers, oxygen equipment, Continuous Positive Airway Pressure (CPAP), suction pumps, traction equipment, and others. The other segment, including wound care products, cardiology devices, vital sign monitors, and neuromonitoring, is expected to hold the highest market share during the forecast period owing to rising demand for wireless monitoring devices and the growing incidence of lifestyle-related diseases that require routine vital statistics analysis.
The hospital’s segment held a lucrative share in 2022
The hospital’s segment held a lucrative share in 2022. Factors such as increasing patient flow, technological advancements, and development of healthcare infrastructure are contributing to the huge market of hospital segment.
Globally, the number of ambulatory surgery centers is increasing significantly. There are more than 9,280 active ambulatory surgery centers in the U.S. This number increased from 6,100 ASCs in 2016. An increasing number of ambulatory surgery centers largely drive the demand for necessary equipment and instruments, including durable medical equipment. Also, several companies such as Henry Schein Medical, McKesson, Medline, and many more provide durable medical equipment to ambulatory surgery centers.
Competitive Insight
Some major players operating in the U.S. market include Invacare Corporation, Sunrise Medical, ArjoHuntleigh, Hill Rom, Inc, Stryker Corporation, Medline Industries Inc., Drive Medical, GF Health Products Inc., and Carex Health Brands, Inc.
Recent Developments
- In March 2022, the FDA approved Biobeat's wearable remote patient monitoring device, enabling healthcare providers to monitor vital signs remotely. This advancement enhances patient care and promotes the adoption of remote monitoring solutions.
U.S. Durable Medical Equipment Market Report Scope
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Report Attributes |
Details |
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Market size value in 2023 |
USD 62.70 billion |
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Revenue forecast in 2032 |
USD 109.12 billion |
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CAGR |
6.3% from 2023 – 2032 |
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Base year |
2022 |
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Historical data |
2019 – 2021 |
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Forecast period |
2023 – 2032 |
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Quantitative units |
Revenue in USD billion and CAGR from 2023 to 2032 |
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Segments Covered |
By Product, By End User |
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Key Companies |
Invacare Corporation, Sunrise Medical, ArjoHuntleigh, Hill Rom, Inc, Stryker Corporation, Medline Industries Inc., Drive Medical, GF Health Products Inc., and Carex Health Brands, Inc. |
FAQ's
The U.S. durable medical equipment market size is expected to reach USD 109.12 billion by 2032.
Key players in the U.S. durable medical equipment market are Invacare Corporation, Sunrise Medical, ArjoHuntleigh, Hill Rom, Inc, Stryker Corporation, Medline Industries Inc., Drive Medical, GF Health Products Inc.
key driving factors in industrial set top box market are Increasing prevalence of chronic diseases requiring long-term care.
The U.S. durable medical equipment market is expected to grow at a CAGR of 6.3% during the forecast period.
The U.S. durable medical equipment market report covering key segments are product and end user
