U.S. Durable Medical Equipment Market Worth $92.8 Billion By 2030

The U.S. durable medical equipment market size was USD 56.3 billion in 2021, which is anticipated to increase at a 5.7% CAGR and reach USD 92.8 billion by 2030. The rapid growth in the geriatric population, continuous increase in chronic illnesses, availability of medical equipment, and the advantage of remote medical treatment are the essential factors contributing to the demand and market growth.

The market experienced severe disruptions owing to COVID-19 that resulted in the inaccessibility of products by customers. Besides, the suppliers continuously faced obstructions in the supply chain network for delayed delivery as well as order cancellations. Despite this disruption, the U.S. Food and Drug Administration (FDA) successfully developed Emergency Use Authorization (EUA) along with documented guidelines to increase the availability of diagnostic and therapeutic medical devices.

The need for durable medical devices is increasing due to the rise in neurological disorders like Parkinson, Alzheimer’s, and epilepsy. The rise in patients suffering from such diseases is constituted to increase the demand for the product during the forecast period. Neurological diseases result in poor ability to move, and patients are unable to function independently. Hence, these factors are likely to boost demand and market growth in the forecast period.

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U.S. Durable Medical Equipment Market Report Highlights

• Based on the product insight segment, the monitoring, and therapeutic devices segment upheld the market by 85% revenue share in 2021 due to the presence of chronic disease, home medical services, and the adoption of neuromonitoring techniques

• During the forecast period, the personal mobility devices segment is expected to exhibit a 6.0% expansion due to its increased demand for the geriatric population that frequently suffers from chronic illnesses

• According to the Medicare Advantage Plan, upto 18.4% American population from 2020 and 2021 have been covered under medical insurance. Furthermore, a 70.0% rise in cancer illness is expected that could affect the 1.1 million global population, in the upcoming two years, simultaneously resulting in an increase in healthcare expenditure

U.S. Durable Medical Equipment Market Report Segments

U.S. Durable Medical Equipment Product Outlook (Revenue, USD Million, 2018 - 2030)
    • Personal Mobility Devices
        • Wheelchairs
            • Electric Wheelchairs
            • Manual Wheelchairs
        • Scooters
        • Walker and Rollators
        • Cranes and Crutches
        • Door Openers
        • Other Devices
    • Bathroom Safety Devices and Medical Furniture
        • Commodes and Toilets
        • Mattress & Bedding Devices
    • Monitoring and Therapeutic Devices
        • Blood Glucose Monitors
        • Continuous Passive Motion (CPM)
        • Infusion Pumps
        • Nebulizers
        • Oxygen Equipment
        • Continuous Positive Airway Pressure (CPAP)
        • Suction Pumps
        • Traction Equipment
        • Others Equipment
            • Insulin Pumps
            • Ostomy Bags & Accessories
            • Wound Care Products
            • Cardiology Devices
            • Vital Signs Monitor
            • Respiratory Supplies
            • Urinary Supplies
            • Diabetic Supplies
            • Incontinence Products
            • Orthopedic Braces & Support
            • Muscle Stimulators
            • Others

U.S. Durable Medical Equipment End-use Outlook (Revenue, USD Million, 2018 - 2030)
    • Hospitals
    • Specialty Clinics
    • Ambulatory Surgical Centers
    • Diagnostic Centers
    • Home Healthcare
    • Others

List of Key Players of U.S. Durable Medical Equipment Market
    • Invacare Corp.
    • Sunrise Medical
    • Arjo
    • Medline Industries, Inc.
    • GF Healthcare Products, Inc.
    • Carex Health Brands, Inc.
    • Cardinal Health
    • Drive DeVilbiss Healthcare
    • NOVA Medical Products
    • Kaye Products, Inc.