U.S. Durable Medical Equipment Market Size Worth USD 218.68 Billion by 2032 | CAGR: 7.4%

The U.S. durable medical equipment market size is expected to reach USD 218.68 Billion by 2032, according to a new study by Polaris Market Research. The report “U.S. Durable Medical Equipment Market Share, Size, Trends, Industry Analysis Report, By Product (Personal Mobility Devices, Bathroom Safety Devices and Medical Furniture, Monitoring and Therapeutic Devices, Others); By End-User; Segment Forecast, 2024 - 2032” gives a detailed insight into current market dynamics and provides analysis on future market growth.

The substantial growth of the durable medical equipment market is expected to be driven by the expanding global geriatric population in both developed and developing nations. Presently, in the United States, there are over 40 million individuals aged 65 years and above, and this number is projected to double by the year 2050. According to the World Health Organization (WHO), the percentage of the geriatric population is anticipated to rise from 7% in 2000 to 16% in 2050. Aging is recognized as the primary risk factor for chronic conditions, which are on the rise. This increase in the elderly population is expected to heighten their susceptibility to chronic conditions such as diabetes, cardiovascular disorders, and other lifestyle-related health issues.

In line with the aging global population, there is an increasing burden of chronic diseases such as cancer, diabetes, heart disease, and respiratory ailments. The treatment for these conditions is becoming increasingly complex, leading to a growing demand for complementary medical devices and advanced technologies. To meet this surging demand and take advantage of the growth opportunities, manufacturers are increasingly focusing on producing medical equipment that caters to the needs of consumers in this evolving healthcare landscape.

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Growing healthcare expenditure level is a key concern and private players along with government constantly strive to curb these costs. With an ever-increasing prevalence of diseases and baby boomer population, healthcare expenditure levels are expected to continue to grow during the forecast period. The growth of home healthcare as a cost-effective alternative over hospital stay is expected to serve this market as a key driver over the forecast period. Technological advancements have made it possible to provide a wide range of medical services at home, including telemedicine, remote monitoring, and medical equipment that can be used at home. This has expanded the scope of care that can be delivered in a home setting. Home healthcare services are often more cost-effective than hospital stays or long-term care facilities. This makes them an appealing option for patients and healthcare payers.

U.S. Durable Medical Equipment Market Report Highlights

• The personal mobility devices segment is expected to experience strong growth with a significant CAGR over the forecast period. These devices encompass a wide range of assistive and recreational products aimed at improving the mobility and independence of individuals with disabilities, as well as those looking for alternative transportation options.
• In 2023, the U.S. market was primarily led by the hospital segment, given its pivotal role in addressing the varied requirements of patients within hospital environments.
• The U.S. key market players include ArjoHuntleigh, Carex Health Brands, GF HEALTH PRODUCTS INC, Hill-Rom, Invacare Corporation, Medical Device Depot, Inc, Medline Industries, Inc., Stryker, Sunrise Medical, and among others.

Polaris Market Research has segmented the U.S. Durable Medical Equipment market report based on product and end-user:

U.S. Durable Medical Equipment, Product Outlook (Revenue - USD Billion, 2019 - 2032)

• Personal Mobility Devices
  • Wheelchairs
  • Scooters
  • Walker and Rollators
  • Canes and Crutches
  • Door Openers
  • Other Devices
• Bathroom Safety Devices and Medical Furniture
  • Commodes and Toilets
  • Mattress & Bedding Devices
• Monitoring and Therapeutic Devices
  • Blood Sugar Monitors
  • Contineous Passive Motion (CPM)
  • Infusion Pumps Market
  • Nebulizers
  • Oxygen Equipment
  • Continuous Positive Airway Pressure (CPAP)
  • Suction Pumps
  • Traction Equipment
  • Other Equipment (Insulin pumps, Ostomy bags and accessories, Other equipment)
• Others

U.S. Durable Medical Equipment, End-User Outlook (Revenue - USD Billion, 2019 - 2032)

• Hospitals
• Specialty Clinics
• Ambulatory Surgical Centers
• Diagnostic Centers
• Home Healthcare
• Skilled Nursing Facilities
• Others

U.S. Durable Medical Equipment Market Report Scope