United States Durable Medical Equipment Market Size (2024 - 2029)

US Durable Medical Equipment Market Analysis

The United States Durable Equipment Market is expected to register a CAGR of 5.95% during the forecast period, 2022-2027.

As a result of the COVID-19 public health emergency, there is a higher demand for durable medical equipment to extend health care capacity in local hospitals and health care systems through temporary expansion sites, as well as to ensure adequate and effective patient monitoring. Manufacturers from a range of industries that aren't normally linked with medical device production are seeking resources to produce and sell these products to the healthcare community to satisfy this demand. For instance, according to the Office of the Assistant Secretary for Preparedness and Response, since the COVID-19 pandemic began, the United States government's investments in key domestic manufacturing capabilities have significantly improved the United States posture, both in terms of quantities of Personal Protective Equipment (PPE) and Durable Medical Equipment (DME) stored in domestic industrial manufacturing capacities and in having reviewed nearly 13,500 applications for medical product approval, clearance, or authorization between March 2020 and September 2021. This has led to increased adoption of DMEs during the pandemic, driving market growth.

Further, the increasing focus on home care settings for the management of medical conditions and illnesses in patient populations, the rise in prevalence of cardiovascular and diabetes diseases, and the rising awareness about elevating patients' comfort are the key factors driving the market for durable medical equipment (DME) in the United States. For instance, according to the Center for Disease Control and Prevention (CDC) data updated in February 2021, about 659,000 people in the United States die from heart disease each year, accounting for 1 in every 4 deaths. In addition, more than 34 million Americans have diabetes, which is nearly 11% of the United States population, according to the Centers for Disease Control and Prevention (CDC), 2020. Such a high prevalence of diabetes and cardiovascular diseases will lead to increased adoption of monitoring and therapeutic devices, thereby driving market growth in the United States.

In addition, rising initiatives such as the formation of alliances among patients, prescribers, and suppliers in the durable medical equipment industry will lead to increased adoption of durable medical equipment, driving the market's growth. For instance, in September 2021, DMEscripts LLC, an independent e-prescribe firm devoted to improving the patient, prescriber, and provider experience by removing inefficiencies and lowering paperwork, was founded by industry leaders in the United States. DMEscripts intends to significantly enhance the present order-to-delivery process by enabling and speeding up the general deployment of a DME electronic ordering application. Moreover, in March 2021, Vanderbilt University Medical Center launched durable medical equipment (DME) company, Carefluent Connect, LLC, at Vanderbilt Health One Hundred Oaks. Furthermore, the company is planning to open a combined warehouse and second retail location in nearby Mount Juliet, Tennessee in the near future. Such an increase in the commercial availability of DMEs will further drive the market growth in the United States over the coming years. Therefore, owing to the abovementioned factors, the market is expected to grow over the forecast period.

However, stringent regulatory requirements related to medical supplies and higher costs are expected to hamper the market's growth.

US Durable Medical Equipment Industry Segmentation

As per the scope of the report, durable medical equipment (DME) are the devices, and products that serve medical purposes and that can tolerate frequent and/or subsequent usage. The patients now prefer availing post-operative and long-term care at home. Hence, the rising demand for home healthcare services opens possibilities for the DME market players to sell and cross-sell various products. The United States Durable Equipment market is Segmented by Device Type (Personal Mobility Devices, Medical Furniture and Bathroom Safety Devices, and Monitoring and Therapeutic Devices), End-User (Hospital/Clinics, Ambulatory Surgical Center, and Other End Users), and Geography (North America, Europe, Asia-Pacific, Middle-East and Africa, and South America). The report offers the value (in USD million) for the above segments.