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, pro...