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Showing posts with the label U.S. Durable Medical Equipment Market

U.S. Durable Medical Equipment Market Share To Reach Scalable Heights Of Growth

  U.S. Durable Medical Equipment Industry The U.S. durable medical equipment (DME) market was valued at USD 66.81 billion in 2024, and it is expected to expand at a compound annual growth rate (CAGR) of 5.61% from 2025 through 2030. This anticipated growth is primarily fueled by an increasing demand for such products, largely due to the expanding elderly population in the country, which is more vulnerable to a wide range of chronic health conditions. As per the 2023 annual report by America’s Health Rankings, about 43% of the population in the U.S.—equivalent to roughly 133 million individuals—were experiencing one or more chronic health conditions in 2022. Additionally, during the same year, over 29 million adults were found to be living with three or more chronic illnesses. These health issues, which include ailments like arthritis, asthma, chronic kidney disease, Chronic Obstructive Pulmonary Disease (COPD), cardiovascular disease, various forms of cancer, depression, and diabet...

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

U.S. Durable Medical Equipment Industry Overview The  U.S. durable medical equipment market  size is expected to reach USD 92.8 billion by 2030, according to a new report by Grand View Research, Inc. It is expected to expand at a CAGR of 5.7% from 2022 to 2030. The rising prevalence of chronic diseases and increasing penetration of home healthcare services and staff are the key factors driving the product demand. The demand for  durable medical equipment (DME) is projected to witness a rise during the forecast period due to high adoption.   The COVID-19 pandemic has disrupted the transportation and supply chain of the  durable medical equipment market  due to the restrictions imposed by the government. As the demand for the equipment increases for medical purposes to fight against COVID-19, the supply of the product also increases. COVID-19 led to an increase in the demand for medical beds and therapeutic mattresses, and volumes were also high within the ...