The U.S. Durable Medical Equipment Market (2018-2025): A $70.8 Billion Opportunity - ResearchAndMarkets.com
DUBLIN--(BUSINESS WIRE)--Sep 24, 2018--The “U.S. Durable Medical Equipment Market Analysis Report By Product (Monitoring & Therapeutic Devices, Personal Mobility Devices, Bathroom Safety Devices & Medical Furniture), And Segment Forecasts, 2018 - 2025” report has been added to ResearchAndMarkets.com’s offering.The U.S. durable medical equipment market size is expected to reach USD 70.8 billion by 2025 at a 6% CAGR during the forecast period.Increasing prevalence of chronic diseases requiring long-term care, rapidly growing geriatric population, and increasing penetration of home healthcare services and staff are factors driving demand for durable medical equipment (DME).
Home healthcare is comparatively more economical than hospital stay. Hence, patients now prefer to avail post-operative recovery and long-term care at home. Rising demand for home healthcare services opens avenues for players in the DME market to up-sell and cross-sell various products. This proliferation translates into significant market growth.
Expanding global geriatric population base is also expected to propel the U.S. DME market. Presently, there are over 40 million people in U.S., aged 65 years and above, and this number is anticipated to double by 2050.
Key FindingsBy product, monitoring and therapeutic devices held a lucrative share in the market. This segment is inclusive of a wide range of devices used for long-term care in case of numerous disorders such as cardiovascular and neurological ailments and cancer.Personal mobility devices are anticipated to gain significant share over the forecast period, registering the fastest CAGR. Introduction of technologically advanced products is likely to aid this segment’s growth.New product launches, mergers and acquisitions, and collaborations are some of the key strategic undertakings by these players.In February 2017, Hill-Rom acquired Mortara Instrument, Inc., a Wisconsin-based medical device manufacturer to increase its medical device product portfolio and revenue growth.
Key Topics Covered
Chapter 1 Research Methodology
Chapter 2 Executive Summary
Chapter 3 U.S. DME Market: Variables, Trends & Scope
Chapter 4 U.S. DME Market: Product Estimates & Trend Analysis
Chapter 5 Competitive LandscapeInvacare CorporationSunrise MedicalArjoHuntleighHill-RomStrykerMedline Industries Inc.Medical Device Depot Inc.GF Health Products Inc.Carex Health Brands
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Related Topics:Medical Devices
INDUSTRY KEYWORD: HEALTH MEDICAL DEVICES
SOURCE: Research and Markets
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PUB: 09/24/2018 10:20 AM/DISC: 09/24/2018 10:20 AM