DME Market Is Predicted To Grow Quickly Due To Increasing Prevalence Of Chronic Diseases Till 2025: Grand View Research, Inc.
The U.S. durable medical equipment (DME) market is expected to
reach USD 70.7 billion by 2025 according to a new report by Grand View
Research, Inc. Increasing prevalence of chronic diseases requiring long-term
care, rapidly growing geriatric population, and increasing penetration of home
healthcare services & staff are the key drivers of the market.
Increasing prevalence of chronic
disorders requiring long-term patient care is anticipated to boost the usage of
DME. Diseases such as diabetic foot, pressure ulcers, & cancer, which
require long-term patient care and postoperative recovery, are anticipated to
contribute toward the growth of U.S. DME market.
Home healthcare is comparatively
economic option over hospital stay. Hence, patients now prefer to avail post-operative
recovery and long term care at home settings. Rising demand for home healthcare
services opens avenues for the DME market players to up sell and cross sell the
various products. Hence, proliferation of home healthcare services translates
into growth of U.S. DME market at larger extent.
Increasing global geriatric
population base is expected to propel the U.S. DME market. Presently, there are
over 40 million people in the U.S., aged 65 years and above, and this number is
anticipated to double by 2050. Rapidly growing geriatric population that forms
the key target population for DME market is anticipated to bolster the growth
of this sector in the U.S. over the forecast period.
Browse full research report on US Durable Medical
Equipment (DME) Market: http://www.grandviewresearch.com/industry-analysis/us-durable-medical-equipment-dme-market
Further Key Findings From the Study Suggest:
- Monitoring and therapeutic devices held lucrative
share in U.S. DME vertical. This segment is inclusive of 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 share over the forecast period. Introduction of
technologically advanced products is likely to help this segment’s growth.
- The key players for the U.S. DME market include
ArjoHuntleigh, Invacare Corporation, Sunrise Medical, Stryker Corporation,
Hill Rom, Inc, Drive Medical, Medline Industries Inc., Carex Health
Brands, Inc. and GF Health Products Inc.
- New product launches, mergers & acquisitions and
collaboration are the key strategic undertakings by these players.
- For Instance, in February 2017, Hill-Rom acquired
Mortara Instrument, Inc., a Wisconsin-based medical device manufacturer to
increase their medical device product portfolio and revenue growth.
Browse more reports of this category by Grand View
Research: http://www.grandviewresearch.com/industry/medical-devices
Grand View Research has segmented the U.S. DME market by
product:
U.S. DME Product Outlook (Revenue, USD Million; 2014 -
2025)
- Personal
Mobility Devices
- Wheelchairs
- Scooters
- Walkers
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
- Infusion
Pump
- Nebulizers
- Oxygen
Equipment
- Continuous
Positive Airway Pressure
- Suction
Pump
- Traction
Equipment
- Other
Equipment
Access Press Release
By Grand View Research: http://www.grandviewresearch.com/press-release/us-durable-medical-equipment-dme-market-analysis
About Grand View Research
Grand View Research, Inc. is a
U.S. based market research and consulting company, registered in the State of
California and headquartered in San Francisco. The company provides
syndicated research reports, customized research reports, and consulting
services. To help clients make informed business decisions, we offer market
intelligence studies ensuring relevant and fact-based research across a range
of industries, from technology to chemicals, materials and healthcare.
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