Durable Medical Equipment Market Is Anticipated To Reach $70.7 Billion By 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.
U.S. DME market, by product, 2014 - 2025 (USD Billion) |
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 Durable Medical Equipment Market:
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: 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: 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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