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PUBLISHER: Grand View Research | PRODUCT CODE: 1433666
PUBLISHER: Grand View Research | PRODUCT CODE: 1433666
U.S. Durable Medical Equipment Market Size, Share & Trends Analysis Report By Product (Monitoring And Therapeutic Devices, Personal Mobility Devices), End Use And Segment Forecasts, 2024 - 2030
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U.S. Durable Medical Equipment Market Growth & Trends:
The U.S. durable medical equipment market size is expected to reach USD 92.83 billion by 2030, according to a new report by Grand View Research, Inc. It is expected to expand at a CAGR of 5.63% from 2024 to 2030. The rising prevalence of chronic illnesses and the expanding reach of home healthcare services and personnel constitute key drivers fueling the demand for durable medical equipment. Projections indicate a continual rise in DME demand over the forecast period, driven by widespread adoption.
Increasing number of hospitals owing to various factors, such as healthcare access initiatives, modernization efforts, and a growing focus on patient-centric care, is expected to significantly propel the demand for durable medical equipment in the U.S. This trend is likely to persist as healthcare systems in the country continue to evolve and expand to meet the growing demands of diverse patient populations.
The growing geriatric population serves as a key factor fueling the growth of the market, necessitating the development and adoption of innovative & specialized equipment to meet the hospital requirements of an aging demographic.
The integration of Internet of Things (IoT) and connectivity emerges as a significant opportunity in the U.S. DME market, transforming patient care through connected devices and decision support tools. This technological advancement extends beyond virtual care, incorporating sensors, wearables, artificial intelligence, and predictive analytics.
U.S. Durable Medical Equipment Market Report Highlights:
- By product, the monitoring and therapeutic devices segment accounted for the largest revenue share of over 89.31%. This can be attributed to the increasing prevalence of chronic diseases requiring long-term care.
- The personal mobility devices product segment is anticipated to be the fastest-growing product segment over the forecast period.
- An increasing number of disorders, such as spinal cord injuries, osteoporosis, and rheumatoid arthritis, are driving the demand for mobile devices in the U.S.
Product Code: GVR-1-68038-926-5
Table of Contents
Chapter 1. U.S. Durable Medical Equipment Market: Methodology and Scope
- 1.1. Market Segmentation and Scope
- 1.2. Research Methodology
- 1.3. Information Procurement
- 1.4. Information or Data Analysis
- 1.5. Market Formulation & Validation
- 1.6. Model Details
- 1.7. List of Data Sources
Chapter 2. U.S. Durable Medical Equipment Market: Executive Summary
- 2.1. Market Outlook
- 2.2. Segment Outlook
- 2.3. Competitive Insights
Chapter 3. U.S. Durable Medical Equipment Market: Variables, Trends & Scope
- 3.1. Market Lineage Outlook
- 3.1.1. Ancillary Market Outlook
- 3.2. Regulatory Scenario
- 3.3. Reimbursement Scenario
- 3.4. Market Dynamics
- 3.4.1. Market Driver Analysis
- 3.4.1.1. Increasing prevalence of chronic diseases requiring long-term care
- 3.4.1.2. Rapidly growing geriatric population
- 3.4.1.3. Technological advancements
- 3.4.2. Market Restraint Analysis
- 3.4.2.1. High purchase and maintenance costs
- 3.4.2.2. Lack of skilled professionals to handle this equipment
- 3.4.3. Market Opportunity Analysis
- 3.4.3.1. Increasing penetration of home healthcare services and staff
- 3.4.3.2. Merger and acquisitions
- 3.4.4. Market Challenge Analysis
- 3.4.4.1. Product recall
- 3.4.4.2. Rising competition
- 3.4.1. Market Driver Analysis
- 3.5. DME Market Analysis Tools
- 3.5.1. Industry Analysis - Porter's
- 3.5.1.1. Bargaining power of suppliers
- 3.5.1.2. Bargaining power of buyers
- 3.5.1.3. Threat of substitutes
- 3.5.1.4. Threat of new entrants
- 3.5.1.5. Competitive rivalry
- 3.5.2. PESTEL Analysis
- 3.5.2.1. Political & Legal Landscape
- 3.5.2.2. Economic and Social Landscape
- 3.5.2.3. Technological landscape
- 3.5.3. COVID-19 Impact Analysis
- 3.5.3.1. Disrupted DME
- 3.5.3.2. Obstacles in DME
- 3.5.1. Industry Analysis - Porter's
Chapter 4. DME Market: Product Estimates & Trend Analysis
- 4.1. Segment Dashboard
- 4.2. DME Market: Product Movement Analysis & Market Share, 2023 & 2030
- 4.3. Personal Mobility Devices
- 4.3.1. Personal Mobility Devices Market Revenue Estimates and Forecasts, 2018 - 2030 (USD Million)
- 4.3.2. Wheelchairs Market
- 4.3.2.1 Wheelchairs Market Revenue Estimates and Forecasts, 2018 - 2030 (USD Million)
- 4.3.2.2 Electric Wheelchairs Market
- 4.3.2.2.1 Electric Wheelchairs Market Revenue Estimates and Forecasts, 2018 - 2030 (USD Million)
- 4.3.2.3 Manual Wheelchairs Market
- 4.3.2.3.1 Manual Wheelchairs Market Revenue Estimates and Forecasts, 2018 - 2030 (USD Million)
- 4.3.3. Scooters Market
- 4.3.3.1 Scooters Market Revenue Estimates and Forecasts, 2018 - 2030 (USD Million)
- 4.3.4. Walker and Rollators Market
- 4.3.4.1 Walker and Rollators Market Revenue Estimates and Forecasts, 2018 - 2030 (USD Million)
- 4.3.5. Cranes and Crutches Market
- 4.3.5.1 Cranes and Crutches Market Revenue Estimates and Forecasts, 2018 - 2030 (USD Million)
- 4.3.6. Door Openers Market
- 4.3.6.1 Door Openers Market Revenue Estimates and Forecasts, 2018 - 2030 (USD Million)
- 4.3.7. Other Devices Market
- 4.3.7.1 Other Devices Market Revenue Estimates and Forecasts, 2018 - 2030 (USD Million)
- 4.4. Bathroom Safety Devices and Medical Furniture
- 4.4.1. Bathroom Safety Devices and Medical Furniture Market Revenue Estimates and Forecasts, 2018 - 2030 (USD Million)
- 4.4.2. Commodes and Toilets Market
- 4.4.2.1 Commodes and Toilets Market Revenue Estimates and Forecasts, 2018 - 2030 (USD Million)
- 4.4.3. Mattress & Bedding Devices Market
- 4.4.3.1 Mattress & Bedding Devices Market Revenue Estimates and Forecasts, 2018 - 2030 (USD Million)
- 4.5. Monitoring and Therapeutic Devices
- 4.5.1. Monitoring and Therapeutic Devices Market Revenue Estimates and Forecasts, 2018 - 2030 (USD Million)
- 4.5.2. Blood Sugar Monitors Market
- 4.5.2.1 Blood Sugar Monitors Market Revenue Estimates and Forecasts, 2018 - 2030 (USD Million)
- 4.5.3. Continuous Passive Motion (CPM) Market
- 4.5.3.1 Commodes and Toilets Market Revenue Estimates and Forecasts, 2018 - 2030 (USD Million)
- 4.5.4. Infusion Pumps Market
- 4.5.4.1 Infusion Pumps Market Revenue Estimates and Forecasts, 2018 - 2030 (USD Million)
- 4.5.5. Nebulizers Market
- 4.5.5.1 Nebulizers Market Revenue Estimates and Forecasts, 2018 - 2030 (USD Million)
- 4.5.6. Infusion Pumps Market
- 4.5.6.1 Infusion Pumps Market Revenue Estimates and Forecasts, 2018 - 2030 (USD Million)
- 4.5.7. Oxygen Equipment Market
- 4.5.7.1 Oxygen Equipment Market Revenue Estimates and Forecasts, 2018 - 2030 (USD Million)
- 4.5.8. Continuous Positive Airway Pressure (CPAP) Market
- 4.5.8.1 Continuous Positive Airway Pressure (CPAP) Market Revenue Estimates and Forecasts, 2018 - 2030 (USD Million)
- 4.5.9. Suction pumps Market
- 4.5.9.1 Suction Pumps Market Revenue Estimates and Forecasts, 2018 - 2030 (USD Million)
- 4.5.10. Traction equipment Market
- 4.5.10.1 Traction Equipment Market Revenue Estimates and Forecasts, 2018 - 2030 (USD Million)
- 4.5.11. Others Market
- 4.5.11.1 Others Market Revenue Estimates and Forecasts, 2018 - 2030 (USD Million)
- 4.5.11.2 Insulin Pumps Market
- 4.5.11.2.1 Insulin Pumps Market Revenue Estimates and Forecasts, 2018 - 2030 (USD Million)
- 4.5.11.3 Ostomy Bags & Accessories Market
- 4.5.11.3.1 Ostomy Bags & Accessories Market Revenue Estimates and Forecasts, 2018 - 2030 (USD Million)
- 4.5.11.4 Wound Care Products Market
- 4.5.11.4.1 Wound Care Products Market Revenue Estimates and Forecasts, 2018 - 2030 (USD Million)
- 4.5.11.5 Cardiology Devices Market
- 4.5.11.5.1 Cardiology Devices Market Revenue Estimates and Forecasts, 2018 - 2030 (USD Million)
- 4.5.11.6 Vital Signs Monitor Market
- 4.5.11.6.1 Vital Signs Monitor Market Revenue Estimates and Forecasts, 2018 - 2030 (USD Million)
- 4.5.11.7 Respiratory Supplies Market
- 4.5.11.7.1 Respiratory Supplies Market Revenue Estimates and Forecasts, 2018 - 2030 (USD Million)
- 4.5.11.8 Urinary Supplies Market
- 4.5.11.8.1 Urinary Supplies Market Revenue Estimates and Forecasts, 2018 - 2030 (USD Million)
- 4.5.11.9 Diabetic Supplies Market
- 4.5.11.9.1 Diabetic Supplies Market Revenue Estimates and Forecasts, 2018 - 2030 (USD Million)
- 4.5.11.10 Incontinence Products Market
- 4.5.11.10.1 Incontinence Products Market Revenue Estimates and Forecasts, 2018 - 2030 (USD Million)
- 4.5.11.11 Orthopedic Braces & Support Market
- 4.5.11.11.1 Orthopedic Braces & Support Market Revenue Estimates and Forecasts, 2018 - 2030 (USD Million)
- 4.5.11.12 Muscle Stimulators Market
- 4.5.11.12.1 Muscle Stimulators Market Revenue Estimates and Forecasts, 2018 - 2030 (USD Million)
- 4.5.11.13 Others Market
- 4.5.11.13.1 Others Market Revenue Estimates and Forecasts, 2018 - 2030 (USD Million)
Chapter 5. DME Market: End Use Estimates & Trend Analysis
- 5.1. Segment Dashboard
- 5.2. DME Market: End Use Movement Analysis & Market Share, 2023 & 2030
- 5.3. Hospitals
- 5.3.1. Hospitals Market Revenue Estimates and Forecasts, 2018 - 2030 (USD Million)
- 5.4. Specialty Clinics
- 5.4.1. Specialty Clinics Market Revenue Estimates and Forecasts, 2018 - 2030 (USD Million)
- 5.5. Ambulatory Surgical Centers
- 5.5.1. Ambulatory Surgical Centers Market Revenue Estimates and Forecasts, 2018 - 2030 (USD Million)
- 5.6. Diagnostic Centers
- 5.6.1. Diagnostic Centers Market Revenue Estimates and Forecasts, 2018 - 2030 (USD Million)
- 5.7. Home Healthcare
- 5.7.1. Home Healthcare Market Revenue Estimates and Forecasts, 2018 - 2030 (USD Million)
- 5.8. Other End Use
- 5.8.1. Other End Use Market Revenue Estimates and Forecasts, 2018 - 2030 (USD Million)
Chapter 6. Competitive Landscape
- 6.1. Market Participant Categorization
- 6.2. Key Company Profiles
- 6.2.1. Invacare Corporation
- 6.2.1.1. Company Overview
- 6.2.1.2. Financial Performance
- 6.2.1.3. Product Benchmarking
- 6.2.1.4. Strategic Initiatives
- 6.2.2. ArjoHuntleigh
- 6.2.2.1. Company Overview
- 6.2.2.2. Financial Performance
- 6.2.2.3. Product Benchmarking
- 6.2.2.4. Strategic Initiatives
- 6.2.3. Stryker Corporation
- 6.2.3.1. Company Overview
- 6.2.3.2. Financial Performance
- 6.2.3.3. Product Benchmarking
- 6.2.3.4. Strategic Initiatives
- 6.2.4. Hill Rom, Inc.
- 6.2.4.1. Company Overview
- 6.2.4.2. Financial Performance
- 6.2.4.3. Product Benchmarking
- 6.2.4.4. Strategic Initiatives
- 6.2.5. Drive Medical
- 6.2.5.1. Company Overview
- 6.2.5.2. Financial Performance
- 6.2.5.3. Product Benchmarking
- 6.2.5.4. Strategic Initiatives
- 6.2.6. GF Health Products, Inc.
- 6.2.6.1. Company Overview
- 6.2.6.2. Financial Performance
- 6.2.6.3. Product Benchmarking
- 6.2.6.4. Strategic Initiatives
- 6.2.7. Sunrise Medical
- 6.2.7.1. Company Overview
- 6.2.7.2. Financial Performance
- 6.2.7.3. Product Benchmarking
- 6.2.7.4. Strategic Initiatives
- 6.2.8. Medline Industries
- 6.2.8.1. Company Overview
- 6.2.8.2. Financial Performance
- 6.2.8.3. Product Benchmarking
- 6.2.8.4. Strategic Initiatives
- 6.2.9. Hill Rom, Inc.
- 6.2.9.1. Company Overview
- 6.2.9.2. Financial Performance
- 6.2.9.3. Product Benchmarking
- 6.2.9.4. Strategic Initiatives
- 6.2.10. Carex Health Brands, Inc
- 6.2.10.1. Company Overview
- 6.2.10.2. Financial Performance
- 6.2.10.3. Product Benchmarking
- 6.2.10.4. Strategic Initiatives
- 6.2.11. Becton, Dickinson and Company
- 6.2.11.1. Company Overview
- 6.2.11.2. Financial Performance
- 6.2.11.3. Product Benchmarking
- 6.2.11.4. Strategic Initiatives
- 6.2.12. General Electric Company
- 6.2.12.1. Company Overview
- 6.2.12.2. Financial Performance
- 6.2.12.3. Product Benchmarking
- 6.2.12.4. Strategic Initiatives
- 6.2.13. Medtronic PLC
- 6.2.13.1. Company Overview
- 6.2.13.2. Financial Performance
- 6.2.13.3. Product Benchmarking
- 6.2.13.4. Strategic Initiatives
- 6.2.14. Compass Health Brands
- 6.2.14.1. Company Overview
- 6.2.14.2. Financial Performance
- 6.2.14.3. Product Benchmarking
- 6.2.14.4. Strategic Initiatives
- 6.2.15. Getinge AB
- 6.2.15.1. Company Overview
- 6.2.15.2. Financial Performance
- 6.2.15.3. Service Benchmarking
- 6.2.15.4. Strategic Initiatives
- 6.2.16. Resmed Inc.
- 6.2.16.1. Company Overview
- 6.2.16.2. Financial Performance
- 6.2.16.3. Product Benchmarking
- 6.2.16.4. Strategic Initiatives
- 6.2.1. Invacare Corporation
- 6.3. Heat Map Analysis/ Company Market Position Analysis
- 6.4. Estimated Company Market Share Analysis, 2022
- 6.5. List of Other Key Market Players
Product Code: GVR-1-68038-926-5
List of Tables
- Table 1 List of Secondary Sources
- Table 2 List of Abbreviations
- Table 3 US DME Market, by Product, 2018 - 2030, (USD Million)
- Table 4 US DME Market, by End Use, 2018 - 2030 (USD Million)
- Table 5 Participant's Overview
- Table 6 Financial Performance
- Table 7 Service Benchmarking
- Table 8 Strategic Initiatives
List of Figures
- Fig. 1 Information Procurement
- Fig. 2 Primary Research Pattern
- Fig. 3 Market Research Approaches
- Fig. 4 Value Chain-Based Sizing & Forecasting
- Fig. 5 Market Formulation & Validation
- Fig. 6 DME Market, Market Segmentation
- Fig. 7 Market Driver Relevance Analysis (Current & Future Impact)
- Fig. 8 Market Restraint Relevance Analysis (Current & Future Impact)
- Fig. 9 Market Challenge Relevance Analysis (Current & Future Impact)
- Fig. 10 SWOT Analysis, By Factor (Political & Legal, Economic and Technological)
- Fig. 11 Porter's Five Forces Analysis
- Fig. 12 Country Marketplace: Key Takeaways
- Fig. 13 U.S. DME Market, 2018 - 2030 (USD Million)
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