PUBLISHER: Polaris Market Research | PRODUCT CODE: 1346933
PUBLISHER: Polaris Market Research | PRODUCT CODE: 1346933
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
The U.S. durable medical equipment market size is expected to reach USD 109.12 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 & Medical Furniture, and Monitoring & Therapeutic Devices); By End User; Segment Forecast, 2023 - 2032" gives a detailed insight into current market dynamics and provides analysis on future market growth.
The U.S. durable medical equipment (DME) market is experiencing rapid growth driven by an aging population, increasing prevalence of chronic diseases, technological advancements, and a rising focus on home healthcare. The market caters to individuals with chronic conditions or disabilities, offering long-term therapeutic solutions. The aging population contributes significantly to market growth, as older individuals require DME for managing their healthcare needs. Moreover, the increasing prevalence of chronic diseases like diabetes and cardiovascular disorders further drives demand for DME.
Technological advancements are crucial in the market's expansion by introducing more advanced and efficient DME products. Wireless connectivity, remote monitoring capabilities, and improved user interfaces have enhanced the patient experience. Additionally, the growing preference for home healthcare drives the market as patients and healthcare providers recognize the benefits of managing medical conditions at home. DME enables patients to effectively manage their conditions, reducing costs, enhancing convenience, and improving outcomes.
However, the U.S. DME market faces reimbursement issues, stringent regulatory requirements, and pricing pressures. The complex reimbursement landscape, varying across payers and regions, creates difficulties for manufacturers and suppliers. Compliance with evolving regulatory requirements poses additional challenges. Pricing pressures from government programs and insurance companies impact the profitability of market players.
Despite challenges, the U.S. DME market presents significant opportunities for innovation and growth. The market's dynamic nature and increasing demand for home healthcare create avenues for developing technologically advanced and cost-effective DME solutions. With a focus on addressing reimbursement challenges and navigating regulatory landscapes, companies in the market can capitalize on the growing demand for DME and improve patient outcomes.
U.S. Durable Medical Equipment Market Report Highlights
Monitoring & therapeutic devices held a lucrative share in 2022, while personal mobility devices, particularly wheelchairs, are expected to gain significant market share in the future.
The hospital segment held a lucrative share in 2022, driven by factors such as increasing patient flow, technological advancements, and development of healthcare infrastructure. The growing number of ambulatory surgery centers further contributes to the demand for durable medical equipment.
The U.S. key market players 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.
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
- Cranes and Crutches
- Door Openers
- Other Devices
- Bathroom Safety Devices & Medical Furniture
- Commodes and Toilets
- Mattress & Bedding Devices
- Monitoring & Therapeutic Devices
- Blood Sugar Monitors
- Continuous Passive Motion (CPM)
- Infusion Pumps Market
- Nebulizers
- Oxygen Equipment
- Continuous Positive Airway Pressure (CPAP)
- Suction Pumps
- Traction Equipment
- Other Equipment
- Insulin Pumps
- Ostomy Bags & Accessories
- Others
U.S. Durable Medical Equipment, End User Outlook (Revenue - USD Billion, 2019 - 2032)
- Hospitals
- Specialty Clinics
- Ambulatory Surgical Centers
- Diagnostic Centers
- Home Healthcare
- Others
Table of Contents
1. Introduction
- 1.1. Report Description
- 1.1.1. Objectives of the Study
- 1.1.2. Market Scope
- 1.1.3. Assumptions
- 1.2. Stakeholders
2. Executive Summary
- 2.1. Market Highlights
3. Research Methodology
- 3.1. Overview
- 3.1.1. Data Mining
- 3.2. Data Sources
- 3.2.1. Primary Sources
- 3.2.2. Secondary Sources
4. U.S. Durable Medical Equipment Market Insights
- 4.1. U.S. Durable Medical Equipment Market - Industry Snapshot
- 4.2. U.S. Durable Medical Equipment Market Dynamics
- 4.2.1. Drivers and Opportunities
- 4.2.1.1. Rising adoption of unmanned vehicles
- 4.2.1.2. Surging demand for military UAVs
- 4.2.2. Restraints and Challenges
- 4.2.2.1. Lack of skilled workplace
- 4.2.1. Drivers and Opportunities
- 4.3. Porter's Five Forces Analysis
- 4.3.1. Bargaining Power of Suppliers (Moderate)
- 4.3.2. Threats of New Entrants: (Low)
- 4.3.3. Bargaining Power of Buyers (Moderate)
- 4.3.4. Threat of Substitute (Moderate)
- 4.3.5. Rivalry among existing firms (High)
- 4.4. PESTLE Analysis
- 4.5. U.S. Durable Medical Equipment Industry trends
- 4.6. Value Chain Analysis
- 4.7. COVID-19 Impact Analysis
5. U.S. Durable Medical Equipment Market, by Product
- 5.1. Key Findings
- 5.2. Introduction
- 5.2.1. U.S. Durable Medical Equipment, by Product, 2019-2032 (USD Billion)
- 5.3. Personal Mobility Devices
- 5.3.1. U.S. Durable Medical Equipment Market, by Personal Mobility Devices, 2019-2032 (USD Billion)
- 5.3.2. Wheelchairs
- 5.3.2.1. U.S. Durable Medical Equipment Market, by Wheelchairs, 2019-2032 (USD Billion)
- 5.3.3. Scooters
- 5.3.3.1. U.S. Durable Medical Equipment Market, by Scooters, 2019-2032 (USD Billion)
- 5.3.4. Walker and Rollators
- 5.3.4.1. U.S. Durable Medical Equipment Market, by Walker and Rollators, 2019-2032 (USD Billion)
- 5.3.5. Cranes and Crutches
- 5.3.5.1. U.S. Durable Medical Equipment Market, by Cranes and Crutches, 2019-2032 (USD Billion)
- 5.3.6. Door Openers
- 5.3.6.1. U.S. Durable Medical Equipment Market, by Door Openers, 2019-2032 (USD Billion)
- 5.3.7. Other Devices
- 5.3.7.1. U.S. Durable Medical Equipment Market, by Other Devices, 2019-2032 (USD Billion)
- 5.4. Bathroom Safety Devices & Medical Furniture
- 5.4.1. U.S. Durable Medical Equipment Market, by Bathroom Safety Devices & Medical Furniture, 2019-2032 (USD Billion)
- 5.4.2. Commodes and Toilets
- 5.4.2.1. U.S. Durable Medical Equipment Market, by Commodes and Toilets, 2019-2032 (USD Billion)
- 5.4.3. Mattress & Bedding Devices
- 5.4.3.1. U.S. Durable Medical Equipment Market, by Mattress & Bedding Devices, 2019-2032 (USD Billion)
- 5.5. Monitoring & Therapeutic Devices
- 5.5.1. U.S. Durable Medical Equipment Market, by Monitoring & Therapeutic Devices, 2019-2032 (USD Billion)
- 5.5.2. Blood Sugar Monitors
- 5.5.2.1. U.S. Durable Medical Equipment Market, by Blood Sugar Monitors, 2019-2032 (USD Billion)
- 5.5.3. Continuous Passive Motion (CPM)
- 5.5.3.1. U.S. Durable Medical Equipment Market, by Continuous Passive Motion (CPM), 2019-2032 (USD Billion)
- 5.5.4. Infusion Pumps Market
- 5.5.4.1. U.S. Durable Medical Equipment Market, by Infusion Pumps Market, 2019-2032 (USD Billion)
- 5.5.5. Nebulizers
- 5.5.5.1. U.S. Durable Medical Equipment Market, by Nebulizers, 2019-2032 (USD Billion)
- 5.5.6. Oxygen Equipment
- 5.5.6.1. U.S. Durable Medical Equipment Market, by Oxygen Equipment, 2019-2032 (USD Billion)
- 5.5.7. Continuous Positive Airway Pressure (CPAP)
- 5.5.7.1. U.S. Durable Medical Equipment Market, by Continuous Positive Airway Pressure (CPAP), 2019-2032 (USD Billion)
- 5.5.8. Suction Pumps
- 5.5.8.1. U.S. Durable Medical Equipment Market, by Suction Pumps, 2019-2032 (USD Billion)
- 5.5.9. Traction Equipment
- 5.5.9.1. U.S. Durable Medical Equipment Market, by Traction Equipment, 2019-2032 (USD Billion)
- 5.5.10. Other Equipment
- 5.5.10.1. U.S. Durable Medical Equipment Market, by Other Equipment, 2019-2032 (USD Billion)
- 5.5.10.2. Insulin Pumps
- 5.5.10.2.1. U.S. Durable Medical Equipment Market, by Insulin Pumps, 2019-2032 (USD Billion)
- 5.5.10.3. Ostomy Bags & Accessories
- 5.5.10.3.1. U.S. Durable Medical Equipment Market, by Ostomy Bags & Accessories, 2019-2032 (USD Billion)
- 5.5.10.4. Others
- 5.5.10.4.1. U.S. Durable Medical Equipment Market, by Others, 2019-2032 (USD Billion)
6. U.S. Durable Medical Equipment Market, by End User
- 6.1. Key Findings
- 6.2. Introduction
- 6.2.1. U.S. Durable Medical Equipment Market, by End User, 2019-2032 (USD Billion)
- 6.3. Hospitals
- 6.3.1. U.S. Durable Medical Equipment Market, by Hospitals, 2019-2032 (USD Billion)
- 6.4. Specialty Clinics
- 6.4.1. U.S. Durable Medical Equipment Market, by Specialty Clinics, 2019-2032 (USD Billion)
- 6.5. Ambulatory Surgical Centers
- 6.5.1. U.S. Durable Medical Equipment Market, by Ambulatory Surgical Centers, 2019-2032 (USD Billion)
- 6.6. Diagnostic Centers
- 6.6.1. U.S. Durable Medical Equipment Market, by Diagnostic Centers, 2019-2032 (USD Billion)
- 6.7. Home Healthcare
- 6.7.1. U.S. Durable Medical Equipment Market, by Home Healthcare, 2019-2032 (USD Billion)
- 6.8. Others
- 6.8.1. U.S. Durable Medical Equipment Market, by Others, 2019-2032 (USD Billion)
7. Competitive Landscape
- 7.1. Expansion and Acquisition Analysis
- 7.1.1. Expansion
- 7.1.2. Acquisitions
- 7.2. Partnerships/Collaborations/Agreements/Exhibitions
8. Company Profiles
- 8.1. Invacare Corporation
- 8.1.1. Company Overview
- 8.1.2. Financial Performance
- 8.1.3. Product Benchmarking
- 8.1.4. Recent Development
- 8.2. Sunrise Medical
- 8.2.1. Company Overview
- 8.2.2. Financial Performance
- 8.2.3. Product Benchmarking
- 8.2.4. Recent Development
- 8.3. ArjoHuntleigh
- 8.3.1. Company Overview
- 8.3.2. Financial Performance
- 8.3.3. Product Benchmarking
- 8.3.4. Recent Development
- 8.4. Hill Rom, Inc
- 8.4.1. Company Overview
- 8.4.2. Financial Performance
- 8.4.3. Product Benchmarking
- 8.4.4. Recent Development
- 8.5. Stryker Corporation
- 8.5.1. Company Overview
- 8.5.2. Financial Performance
- 8.5.3. Product Benchmarking
- 8.5.4. Recent Development
- 8.6. Medline Industries Inc
- 8.6.1. Company Overview
- 8.6.2. Financial Performance
- 8.6.3. Product Benchmarking
- 8.6.4. Recent Development
- 8.7. Drive Medical
- 8.7.1. Company Overview
- 8.7.2. Financial Performance
- 8.7.3. Product Benchmarking
- 8.7.4. Recent Development
- 8.8. GF Health Products Inc
- 8.8.1. Company Overview
- 8.8.2. Financial Performance
- 8.8.3. Product Benchmarking
- 8.8.4. Recent Development
- 8.9. Carex Health Brands, Inc.
- 8.9.1. Company Overview
- 8.9.2. Financial Performance
- 8.9.3. Product Benchmarking
- 8.9.4. Recent Development
List of Tables
- Table 1 U.S. Durable Medical Equipment Market, by Product, 2019-2032 (USD Billion)
- Table 2 U.S. Durable Medical Equipment Market, by End User, 2019-2032 (USD Billion)
List of Figures
- Figure 1 U.S. Durable Medical Equipment Market, 2019-2032 (USD Billion)
- Figure 2 Integrated Ecosystem
- Figure 3 Research Methodology: Top-Down & Bottom-Up Approach
- Figure 4 Market by Countries
- Figure 5 Porter's Five Forces
- Figure 6 Market by End User
- Figure 7 U.S. Durable Medical Equipment Market, by End User, 2021 & 2030 (USD Billion)
- Figure 8 Market by Product
- Figure 9 U.S. Durable Medical Equipment Market, by Product, 2021 & 2030 (USD Billion)
- Figure 13 U.S. Durable Medical Equipment Market Assessment, By Countries, 2019-2032 (USD Billion)
- Figure 14 Strategic Analysis - U.S. Durable Medical Equipment Market
