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U.S. Durable Medical Equipment Market Size to Exceed USD 76.32 Billion By 2026: Polaris Market Research

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U.S. Durable Medical Equipment Market Size to Exceed USD 76.32 Billion By 2026: Polaris Market Research

March 02
04:52 2022
U.S. Durable Medical Equipment Market Size to Exceed USD 76.32 Billion By 2026: Polaris Market Research
According to the research report, the U.S. Durable Medical Equipment Market size was valued at USD 49.76 Billion in 2019 and is expected to reach USD 76.32 Billion By 2026, and will grow at a CAGR of 6.3% during the forecast period.

According to the research report, the U.S. Durable Medical Equipment Market size was valued at USD 49.76 Billion in 2019 and is expected to reach USD 76.32 Billion By 2026, and will grow at a CAGR of 6.3% during the forecast period.

Durable medical equipment is that which assists in completing daily activities. It includes many items like wheelchairs, walkers, and oxygen tanks. Durable medical equipment is that thing which can kill or injured person may require to cope up. This feature is besides vitamins, drugs, treatment, and surgeries. In most cases obtaining durable medical equipment can indicate the difference between life or death in grave pains and comparable pains. Due to its importance, durable medical equipment is comprised in the health care plans. The durable medical equipment should have an anticipated lifetime of three years, and it must not be contemplated helpful for somebody who is neither sick nor injured.

For disabled individuals, safety can be enhanced by DME while diminishing the requirement for caregiver aid. It can significantly improve the quality of life in totality by expanding the independence of the person with mobility that is functional and activities of daily living (ADLs). When estimating the requirement by the patient of DME, the function is enhanced, and it is accommodating to do so in co-existence with the team that is multidisciplinary involving physicians, psychiatrists, physical therapists, occupational therapists, speech and language pathologists, social workers, and rehabilitation nurses. 

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Key Highlights of The Report

  • Offering in-depth information about global U.S. durable medical equipment market structure in tandem with several segments of forecast and sub-segments
  • The offering of factors that are impacting the development of durable medical equipment market value
  • Based on Porter’s five force’s analysis, supply chain analysis, and factors price analysis, inspecting the durable medical equipment
  • Offering history and forecast revenue segments and sub-segments for the global U.S. durable medical equipment market revenue for the four distinct geographies and countries
  • Offering analysis about the country level of the present global U.S. durable medical equipment market size and perspective about the future

 

Top Market Leading Players Are:

  • Invacare Corporation
  • Sunrise Medical
  • ArjoHuntleigh
  • Hill Rom Inc
  • Stryker Corporation
  • Medline Industries Inc.
  • Drive Medical
  • GF Health Products Inc.
  • Carex Health Brands Inc

 

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Important Questions Being Answered by The Market Report

  • What is durable medical equipment?
  • What is the global U.S. durable medical equipment market size and growth?
  • What is the significant favorable wind propelling the global durable medical equipment market?
  • Which region holds the most significant share?
  • Who are the top players in the global U.S. durable medical equipment market?

 

U.S. Durable Medical Equipment Market: Growth Leading Factors

The prominent driver of the DME market is expanding senior population, which causes several chronic illnesses like diabetes, cancer, neurological disorders, cardiovascular diseases, and mobility disorders. The growing universality of neurological diseases like Parkinson’s, Alzheimer’s, and Epilepsy are increasing the growth of the market. A change in senior citizens worldwide pushes the development of the industry as they are privy to injuries and falls in contrast to other age groups.

The growing demand for medical equipment can also be because of an increase in innovations that are technological in the medical devices industry. The market growth is driven by medical coverage offered for the equipment. Several private insurance companies’ insurance coverage for equipment also grows the demand for DME market analysis. Also, patients prefer home-based care now a day.

The covid-19 pandemic has destroyed several industries globally. One amongst them is the DME market. Due to the shortage of medical equipment like CPAPs, respiratory support, and other durable equipment, the DMDE suppliers are encountering many challenges in helping patients that require respiratory support. Due to the lockdowns that are government-regulated interference in the supply chain, significant delays and order abandonment in getting the supplies and the equipment causes loss of public health and emergencies that are economically connected to covid-19.

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U.S. Durable Medical Equipment Market: Report Scope

Report Attribute

Details

Market Size 2019 Value

USD 49.76 Billion

Market Outlook for 2026

USD 76.32 Billion

Expected CAGR Growth

6.3% from 2020 – 2026

Base year

2020

Forecast period

2020 – 2026

Segments covered

By Product, By End User, By Region

Key Companies

Invacare Corporation, Sunrise Medical, ArjoHuntleigh, Hill Rom, Inc, Stryker Corporation, Medline Industries Inc., Drive Medical, GF Health Products Inc., and Carex Health Brands, Inc

Regional scope

North America, Europe, Asia Pacific, Latin America, Middle East & Africa

Customization Options

Customized purchase options are available to meet your research needs.

 

U.S. durable medical equipment market:  Key segmentation

Insight By Product, End-User, And Region

Based on the product, personal mobility devices are the most significant market share for the instigation of advanced technological developments with more portability and comfort. Dependent on the end-user, hospitals and clinics are said to be the fastest-growing segments that provide care that is custodial. It includes skilled care like dressing and bathing.

By region, North America was considered the largest market share in the home medical equipment market. This surge is attributed to chronic illnesses like diabetes, asthma, high blood pressure, etc. But the Asia Pacific is said to dominate due to the rise in disposable income and growth in awareness amidst people towards advantages of home care medical devices. Additionally, a surge in inclination for invasive and non-invasive monitoring devices is also anticipated to push the global U.S. durable medical equipment market growth.

Browse the full “U.S. Durable Medical Equipment Market Share, Size, Trends, Industry Analysis Report, By Product (Personal Mobility Devices, Bathroom Safety Devices & Medical Furniture, Monitoring & Therapeutic Devices); By End User: Segment Forecast, 2020 – 2026” Report at https://www.polarismarketresearch.com/industry-analysis/us-durable-medical-equipment-market

The market primarily depends on the product, end-user, and region

U.S. Durable Medical Equipment Market: By Product

  • 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
    • Constant Positive Airway Pressure (CPAP)
    • Suction Pumps
    • Traction Equipment
    • Other Equipment
      • Insulin Pumps
      • Ostomy Bags & Accessories
      • Others

 

U.S. Durable Medical Equipment Market:  By End-User

  • Hospitals
  • Specialty Clinics
  • Ambulatory Surgical Centers
  • Diagnostic Centers
  • Home Healthcare
  • Others

 

About Us:

Polaris Market Research is a worldwide market research and consulting organization. We give unmatched nature of offering to our customers present all around the globe across industry verticals. Polaris Market Research has expertise in giving deep-dive market insight along with market intelligence to our customers spread crosswise over various undertakings. We at Polaris are obliged to serve our different client base present over the enterprises of medicinal services, healthcare, innovation, next-gen technologies, semiconductors, chemicals, automotive, and aerospace & defense, among different ventures, present globally.

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