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 marke...