U.S. Durable Medical Equipment Market

Us Durable Medical Equipment Market Set to Exceed USD 76.32 billion by 2026 | CAGR 6.3%

â&#x20AC;&#x153;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 2026â&#x20AC;?

Us Durable Medical Equipment Market Estimate & Forecast to 2026 The U.S. Durable Medical Equipment market size is expected to reach USD 76.32 billion by 2026 according to a new study by Polaris Market Research. The medical device manufacturers are developing new and improved equipment based on durability and reliability to improve the quality of life of the patients in need. With growing demand for home healthcare, the adoption of home care equipment is also increasing. Several new organizations are established that are launching and scaling advanced home care models to move primary, acute, and palliative care to the home. There are numerous dynamics that are driving patientâ&#x20AC;&#x2122;s preference for healthcare settings specifically towards home which in-turn is enhancing the adoption of durable medical equipment across various regions. The primary factor driving the growth of durable medical equipment market in the U.S. is growing aging population and increasing demand for assisted care in a comfortable environment. Currently, there are over 40 million people in the U.S. alone aged 65 years & above and this number is anticipated to double by 2050. Rapidly growing geriatric population, which forms the key target population for DME, is anticipated to bolster the growth of the market over the forecast period. Furthermore, increasing prevalence of chronic diseases, growing technological advancements, and increasing government initiatives to improve healthcare are some other factors fueling the growth of this market. Copyright ÂŠ Polaris Market Research & Consulting LLP 2018. All Rights Reserved

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Us Durable Medical Equipment Market Scope By Type 

By Region

By Vehicle Type

Report Attributes

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Hospitals



North America

o Wheelchairs



Specialty Clinics



Europe

o Scooters



Ambulatory Surgical Centers

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Asia Pacific



Base year: 2019

o Walker and Rollators



Diagnostic Centers

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Latin America Middle



Forecast Year:

o Cranes and Crutches



Home Healthcare

o Door Openers



Others

Personal Mobility Devices

Historic year: 2015-2018

East & Africa

o Other Devices 



2020-2026 

Revenue (USD Billion)

Bathroom Safety Devices & Medical Furniture

o Commodes and Toilets o Mattress & Bedding Devices 

Monitoring & Therapeutic Devices

o Blood Sugar Monitors o Continuous Passive Motion (CPM) o Infusion Pumps Market o Nebulizers o Oxygen Equipment

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Us Durable Medical Equipment Market Estimate & Forecast to 2026 Though many factors are driving the market growth, there are several issues that have a negative impact on the market. Failure to meet the desired performance is another vital reason why healthcare professionals hesitate from using DME, especially personal mobility devices. At times, while carrying obese patients, these equipment tend to break, which usually happens due to wear and tear. In such situations, the patient is at greater risk and prone to severe accidents and injuries. Also, DME are primarily used in the home healthcare settings and the fact that remuneration for home health & personal aides are significantly lower than other personal care & service workers and well below the median for all occupations discourages individuals to take up home health aide as a profession, which is expected to restrain market growth. The U.S. DME market is expected to witness a significant growth during the forecast period. Based on several government initiatives and insurance coverage, it is easy for the patients to use these equipment at a low cost. Both Medicare and Medicaid offer coverage for DME that are prescribed by the doctor for home use. Most DME can be purchased without prescription, however, some devices such as oxygen equipment require prescription. In addition, prescription becomes essential in case of reimbursement or the coverage.

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Us Durable Medical Equipment Share

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About Us Polaris Market Research is a global market research and consulting company. The company specializes in providing exceptional market intelligence and in-depth business research services for our clientele spread across different enterprises. We at Polaris are obliged to e present across the industries of healthcare, technology, semi-conductors and chemicals among various other industries present around the world. We strive to provide our customers with updated information on innovative technologies, high growth markets, emerging business environments and latest business-centric applications, thereby helping them always to make informed decisions and leverage new opportunities. Adept with a highly competent, experienced and extremely qualified team of experts comprising SMEs, analysts and consultants, we at Polaris endeavor to deliver value-added business solutions to our customers. Â Web: www.polarismarketresearch.com Official Blog: http://polarismarketresearch.blogspot.com

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