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U.S. Durable Medical Equipment Market is Estimated to Value $79.6 Billion By 2027: Grand View Research, Inc

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U.S. Durable Medical Equipment Market is Estimated to Value $79.6 Billion By 2027: Grand View Research, Inc

April 08
11:26 2020
U.S. Durable Medical Equipment Market is Estimated to Value $79.6 Billion By 2027: Grand View Research, Inc

Grand View Research, Inc. – Market Research And Consulting.
According to report published by Grand View Research, the U.S. durable medical equipment market size was valued at USD 49.9 billion in 2019 and is expected to register a CAGR of 6.0% over the forecast period.

The U.S. Durable Medical Equipment Market size is expected to reach USD 79.6 billion by 2027, exhibiting a 6.0% CAGR over the forecast period, according to a new report published by Grand View Research, Inc. Increasing incidence of cancer and other diseases such as diabetes, rheumatoid arthritis, and multiple sclerosis is projected to propel the growth. In addition, increasing approvals of durable medical equipment (DME) is anticipated to drive the product adoption. Rising prevalence of chronic diseases requiring long-term care, rapidly growing geriatric population, and increasing penetration of home healthcare services and staff are other factors driving the product demand.

The demand for durable medical equipment is expected to witness rise over the forecast period, as they are designed in accordance with patient acceptance and compliance. Rapid technological developments and investments in R&D activities by the key market players are anticipated to make these product more convenient and user-friendly. This is encouraging patients to adopt this DME technology for chronic illnesses, which in turn is projected to drive the growth of the market in the forthcoming years.

U.S. Durable Medical Equipment Market

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Further key findings from the report suggest:

  • Monitoring and therapeutic devices emerged as the largest segment during the forecast period, owing to the ease of use of the products
  • Rising demand for new technologies along with advanced healthcare infrastructure is facilitating the market growth during the forecast period
  • Personal mobility devices is anticipated to be the fastest-growing segment over the study period as these facilities offer custodial care like door openers, wheelchairs and scooters.
  • Few of the key players operating in the U.S. durable medical equipment market include Invacare Corporation; Sunrise Medical; ArjoHuntleigh; Hill-Rom; Stryker; Medline Industries, Inc.; Medical Device Depot, Inc.; GF Health Products Inc.; Carex Health Brands; Baxter International, Inc.; Becton, Dickinson and Company; and Joerns Healthcare LLC

U.S. Durable Medical Equipment Market analysis

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Grand View Research has segmented the U.S. durable medical equipment market based on product type:

U.S. Durable Medical Equipment Product Type Outlook (Revenue, USD Million, 2016 – 2027)

  • Personal Mobility Devices
    • Wheelchairs
    • Scooters
    • Walker and Rollators
    • Canes and Crutches
    • Door Openers
    • Other Devices
  • Bathroom Safety Devices and Medical Furniture
    • Commodes and Toilets
    • Mattress & Bedding Devices
  • Monitoring and Therapeutic Devices
    •  Blood Sugar Monitors
    •  Continuous Passive Motion (CPM)
    •  Infusion Pumps
    •  Nebulizers
    •  Oxygen equipment
    •  Continuous Positive Airway Pressure (CPAP)
    •  Suction pumps
    •  Traction Equipment
    •  Others
      • Insulin pumps
      • Ostomy bags and accessories
      • Wound care products
      • Cardiology Devices
      • Vital Signs Monitor
      • Respiratory supplies
      • Urinary supplies
      • Diabetic supplies
      • Incontinence products
      • Orthopedic braces and support
      • Muscle stimulators
      • Others

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About Grand View Research

Grand View Research provides syndicated as well as customized research reports and consulting services on 46 industries across 25 major countries worldwide. This U.S.-based market research and consulting company is registered in California and headquartered in San Francisco. Comprising over 425 analysts and consultants, the company adds 1200+ market research reports to its extensive database each year. Supported by an interactive market intelligence platform, the team at Grand View Research guides Fortune 500 companies and prominent academic institutes in comprehending the global and regional business environment and carefully identifying future opportunities.

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