United States Durable Medical Equipment Market Overview
Base Year: 2023
Historical Years: 2018-2023
Forecast Years: 2024-2032
Market Growth Rate: 5.30% (2024-2032)
The U.S. market for essential medical equipment is steadily growing. This growth comes from advances in technology and rising healthcare needs. According to the latest report by IMARC Group, the United States durable medical equipment market is projected to exhibit a growth rate of 5.30% during 2024-2032.
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United States Durable Medical Equipment Industry Trends and Drivers:
The aging population in the market needs steady supplies for chronic diseases. This demand boosts the durable medical equipment (DME) market in the USA. Favorable technology in healthcare plays a key role in this growth. As baby boomers get older, the need for DME has grown. People want more wheelchairs, hospital beds, and mobility aids. Chronic conditions like diabetes, heart disease, and respiratory issues are rising. This increase boosts the demand for home healthcare equipment. People need oxygen concentrators, CPAP machines, and blood glucose monitors more than ever. During the COVID-19 period, care at home has increased. This trend has boosted market growth. Healthcare providers can meet the needs of DME at home. This helps with treatment and monitoring. Patients can stay comfortable and make fewer hospital visits. These trends create strong demand for DME items. As a result, this segment is one of the fastest-growing in healthcare.
Another trend impacting the U.S. DME market is cost-effectiveness and regulatory compliance. Healthcare costs are going up. Payers and providers want durable medical equipment that is both high-value and low-cost. Refurbished and rental equipment are gaining popularity. People see them as cheaper options than buying new devices. CMS has strict rules. These will change how the DME market operates. The competitive bidding program could change pricing and supplier participation. It would push companies to innovate and improve their operations. E-commerce platforms have made DME easy for consumers to access. Now, they can compare products, read reviews, and make informed decisions. This shift supports the stronger focus on patient-centered care. It should help the U.S. DME market keep growing.
Our report provides a deep dive into the market analysis, outlining the current trends, underlying United States durable medical equipment market demand, and growth trajectories.
United States Durable Medical Equipment Industry Segmentation:
The report has segmented the market into the following categories:
Structure Insights:
- Open Cell
- Closed Cell
Product Type Insights:
- Flexible Foam
- Rigid Foam
- Spray Foam
Density Insights:
- Low Density
- Medium Density
- High Density
End-Use Industry Insights:
- Bedding and Furniture
- Building and Construction
- Electronics
- Automotive
- Packaging
- Footwear
- Others
Regional Insights:
- Northeast
- Midwest
- South
- West
Competitive Landscape:
The competitive landscape of the industry has also been examined, along with the profiles of the key players.
Key highlights of the Report:
- Market Performance (2018-2023)
- Market Outlook (2024-2032)
- COVID-19 Impact on the Market
- Porter’s Five Forces Analysis
- Strategic Recommendations
- Historical, Current, and Future Market Trends
- Market Drivers and Success Factors
- SWOT Analysis
- Structure of the Market
- Value Chain Analysis
- Comprehensive Mapping of the Competitive Landscape
Note: If you need specific information that is not currently within the scope of the report, we can provide it to you as a part of the customization.
About Us:
IMARC Group is a global management consulting firm that helps the world’s most ambitious changemakers to create a lasting impact. The company provides a comprehensive suite of market entry and expansion services. IMARC offerings include a thorough market assessment, feasibility studies, company incorporation assistance, factory setup support, regulatory approvals and licensing navigation, branding, marketing and sales strategies, competitive landscape, benchmarking analyses, pricing and cost research, and procurement research.
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