U.S. Durable Medical Equipment Industry Overview The U.S. durable medical equipment market size is expected to reach USD 92.8 billion by 2030, according to a new report by Grand View Research, Inc. It is expected to expand at a CAGR of 5.7% from 2022 to 2030. The rising prevalence of chronic diseases and increasing penetration of home healthcare services and staff are the key factors driving the product demand. The demand for durable medical equipment (DME) is projected to witness a rise during the forecast period due to high adoption. The COVID-19 pandemic has disrupted the transportation and supply chain of the durable medical equipment market due to the restrictions imposed by the government. As the demand for the equipment increases for medical purposes to fight against COVID-19, the supply of the product also increases. COVID-19 led to an increase in the demand for medical beds and therapeutic mattresses, and volumes were also high within the U.S. rental operations. U.S. Durable Medical Equipment Market Segmentation Grand View Research has segmented the U.S. durable medical equipment market report based on product: Based on the Product Insights, the market is segmented into personal mobility devices, bathroom safety devices & medical furniture and monitoring & therapeutic devices
Key Companies Profile & Market Share Insights The key companies are continuously focusing on initiatives such as mergers & acquisitions, regional expansion, and novel product development. The market players are introducing innovative technologies and products to expand their product portfolio to capture a large share in the market. The market consists of big players as well as local distributors and suppliers. The key players are focusing on providing cost-efficient products, which can be used remotely. Some prominent players in the U.S. durable medical equipment include:
Market Industry Development
Order a free sample PDF of the U.S. Durable Medical Equipment Market Intelligence Study, published by Grand View Research. About Grand View Research Grand View Research, U.S.-based market research and consulting company, provides syndicated as well as customized research reports and consulting services. Registered in California and headquartered in San Francisco, the company comprises over 425 analysts and consultants, adding more than 1200 market research reports to its vast database each year. These reports offer in-depth analysis on 46 industries across 25 major countries worldwide. With the help of an interactive market intelligence platform, Grand View Research Helps Fortune 500 companies and renowned academic institutes understand the global and regional business environment and gauge the opportunities that lie ahead.
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