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
Top Market Leading Players Are:
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Important Questions Being Answered by The Market Report
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
U.S. Durable Medical Equipment Market: By End-User
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