April 2024 | Report Format: Electronic (PDF)
U.S. Durable Medical Equipment Market Growth & Trends
The U.S. durable medical equipment market size is expected to reach USD 92.83 billion by 2030, according to a new report by Grand View Research, Inc. It is expected to expand at a CAGR of 5.63% from 2024 to 2030. The rising prevalence of chronic illnesses and the expanding reach of home healthcare services and personnel constitute key drivers fueling the demand for durable medical equipment. Projections indicate a continual rise in DME demand over the forecast period, driven by widespread adoption.
Increasing number of hospitals owing to various factors, such as healthcare access initiatives, modernization efforts, and a growing focus on patient-centric care, is expected to significantly propel the demand for durable medical equipment in the U.S. This trend is likely to persist as healthcare systems in the country continue to evolve and expand to meet the growing demands of diverse patient populations.
The growing geriatric population serves as a key factor fueling the growth of the market, necessitating the development and adoption of innovative & specialized equipment to meet the hospital requirements of an aging demographic.
The integration of Internet of Things (IoT) and connectivity emerges as a significant opportunity in the U.S. DME market, transforming patient care through connected devices and decision support tools. This technological advancement extends beyond virtual care, incorporating sensors, wearables, artificial intelligence, and predictive analytics.
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U.S. Durable Medical Equipment Market Report
U.S. Durable Medical Equipment Market Report Highlights
- By product, the monitoring and therapeutic devices segment accounted for the largest revenue share of over 89.31%. This can be attributed to the increasing prevalence of chronic diseases requiring long-term care.
- The personal mobility devices product segment is anticipated to be the fastest-growing product segment over the forecast period.
- An increasing number of disorders, such as spinal cord injuries, osteoporosis, and rheumatoid arthritis, are driving the demand for mobile devices in the U.S.
