The U.S. durable medical equipment market size is expected to reach USD 79.6 billion by 2027, exhibiting a 6.0% CAGR over the forecast period, according to a new report published by Grand View Research, Inc. Increasing incidence of cancer and other diseases such as diabetes, rheumatoid arthritis, and multiple sclerosis is projected to propel the growth. In addition, increasing approvals of durable medical equipment (DME) is anticipated to drive the product adoption. Rising prevalence of chronic diseases requiring long-term care, rapidly growing geriatric population, and increasing penetration of home healthcare services and staff are other factors driving the product demand. The demand for durable medical equipment is expected to witness rise over the forecast period, as they are designed in accordance with patient acceptance and compliance. Rapid technological developments and investments in R&D activities by the key market players are anticipated to make these product more convenient and user-friendly. This is encouraging patients to adopt this DME technology for chronic illnesses, which in turn is projected to drive the growth of the market in the forthcoming years. Further key findings from the report suggest: • Monitoring and therapeutic devices emerged as the largest segment during the forecast period, owing to the ease of use of the products • Rising demand for new technologies along with advanced healthcare infrastructure is facilitating the market growth during the forecast period • Personal mobility devices is anticipated to be the fastest-growing segment over the study period as these facilities offer custodial care like door openers, wheelchairs and scooters. • Few of the key players operating in the U.S. durable medical equipment market include Invacare Corporation; Sunrise Medical; ArjoHuntleigh; Hill-Rom; Stryker; Medline Industries, Inc.; Medical Device Depot, Inc.; GF Health Products Inc.; Carex Health Brands; Baxter International, Inc.; Becton, Dickinson and Company; and Joerns Healthcare LLC
Table of Contents Chapter 1. Methodology and Scope 1.1. Market Segmentation & Scope 1.1.1. Product Type 1.1.2. Estimates and forecast timeline 1.2. Research Methodology 1.3. Information Procurement 1.3.1. Purchased database 1.3.2. GVR’s internal database 1.3.3. Secondary sources 1.3.4. Primary research 1.4. Information or Data Analysis 1.4.1. Data analysis models 1.5. Market Formulation & Validation 1.6. Model Details 1.6.1. Commodity flow analysis (Model 1) 188.8.131.52. Approach 1: Commodity flow approach 1.6.2. Volume price analysis (Model 2) 184.108.40.206. Approach 2: Volume price analysis 1.7. List of Secondary Sources 1.8. List of Primary Sources 1.9. Objectives 1.9.1. Objective 1 220.127.116.11 Understanding the market dynamics (in terms of drivers, restraints & opportunities) in the U.S. country 18.104.22.168 Understanding the trends & variables in the individual countries to & their impact on growth and analytical tools to provide high level insights into the market dynamics and the associated growth pattern 1.9.2. Objective 2 22.214.171.124 Understanding the market estimates and forecasts (with the base year as 2019, historic information of 2016 - 2018, and forecast from 2020 to 2027). Country level estimates and forecasts for each category are available and are summed up to form the market. 1.9.3. Objective 3 126.96.36.199 Understanding the attributes such as strategy framework, competitor categorization which are included to provide elaborate details on the market structure & strategic undertakings & their impact. Company profiles are individually represented for all major participants and indices such as financial performance, strategic initiatives, and product portfolio & company overview are used for analyses. 1.9.4. Objective 4 188.8.131.52 Understanding the key service and application scopes to conclude on the market size. Chapter 2. Executive Summary 2.1. Market Outlook 2.2. Segment Outlook 2.2.1. Product Type 2.3. Competitive Insights Chapter 3. U.S. Durable Medical Equipment Market Variables, Trends & Scope 3.1. Market Lineage Outlook 3.1.1. Parent market outlook 3.1.2. Related/ancillary market outlook 3.2. Penetration & Growth Prospect Mapping 3.3. Industry Value Chain Analysis 3.3.1. Reimbursement framework 3.4. Market Dynamics 3.4.1. Market driver analysis 184.108.40.206. Increasing prevalence of chronic diseases 220.127.116.11. Increasing penetration of home healthcare services and staff 18.104.22.168. Technological advancements 22.214.171.124. Rapidly increasing geriatric population 3.4.2. Market restraint analysis 126.96.36.199. High cost of DME equipment 188.8.131.52. Stringent government regulations 184.108.40.206. Lack of skilled professionals to handle this equipment 3.4.3. Industry challenge 220.127.116.11. Product recall 18.104.22.168. Rising competition 3.5. U.S. Durable Medical Equipment Market Analysis Tools 3.5.1. Industry Analysis – Porter’s 22.214.171.124. Supplier power 126.96.36.199. Buyer power 188.8.131.52. Substitution threat 184.108.40.206. Threat of new entrant 220.127.116.11. Competitive rivalry 3.5.2. PESTEL Analysis 18.104.22.168. Political landscape 22.214.171.124. Technological landscape 126.96.36.199. Economic landscape 3.5.3. Major Deals & Strategic Alliances Analysis 3.5.4. Market Entry Strategies Chapter 4. U.S. Durable Medical Equipment Market: Product Type Estimates & Trend Analysis 4.1. Definitions and Scope 4.1.1. Personal Mobility Devices 188.8.131.52. Wheelchairs 184.108.40.206. Scooters 220.127.116.11. Walker and Rollators 18.104.22.168. Canes and Crutches 22.214.171.124. Door Openers 126.96.36.199. Others 4.1.2. Bathroom Safety Devices and Medical Furniture 188.8.131.52. Commodes and Toilets 184.108.40.206. Mattress & Bedding Devices 4.1.3. Monitoring and Therapeutic Devices 220.127.116.11. Blood Sugar Monitors 18.104.22.168. Continuous Passive Motion (CPM) 22.214.171.124. Infusion Pumps 126.96.36.199. Nebulizers 188.8.131.52. Oxygen equipment 184.108.40.206. Continuous Positive Airway Pressure (CPAP) 220.127.116.11. Suction pumps 18.104.22.168. Traction Equipment 22.214.171.124. Others 126.96.36.199.1. Insulin pumps 188.8.131.52.2. Ostomy bags and accessories 184.108.40.206.3. Wound care products 220.127.116.11.4. Cardiology Devices 18.104.22.168.5. Vital Signs Monitor 22.214.171.124.6. Respiratory supplies 126.96.36.199.7. Urinary supplies 188.8.131.52.8. Diabetic supplies 184.108.40.206.9. Incontinence products 220.127.116.11.10. Orthopedic braces and support 18.104.22.168.11. Muscle stimulators 22.214.171.124.12. Others 4.2. Segment Dashboard 4.3. U.S. Durable Medical Equipment Market Share, 2019 & 2027 4.4. U.S. Durable Medical Equipment Market by Product Type Outlook 4.5. Market Size & Forecasts and Trend Analyses, 2016 to 2027 for the following 4.5.1. Personal Mobility Devices 126.96.36.199. Wheelchairs 188.8.131.52. Scooters 184.108.40.206. Walker and Rollators 220.127.116.11. Canes and Crutches 18.104.22.168. Door Openers 22.214.171.124. Others 4.5.2. Bathroom Safety Devices and Medical Furniture 126.96.36.199. Commodes and Toilets 188.8.131.52. Mattress & Bedding Devices 4.5.3. Monitoring and Therapeutic Devices 184.108.40.206. Blood Sugar Monitors 220.127.116.11. Continuous Passive Motion (CPM) 18.104.22.168. Infusion Pumps 22.214.171.124. Nebulizers 126.96.36.199. Oxygen equipment 188.8.131.52. Continuous Positive Airway Pressure (CPAP) 184.108.40.206. Suction pumps 220.127.116.11. Traction Equipment 18.104.22.168. Others 22.214.171.124.1. Insulin pumps 126.96.36.199.2. Ostomy bags and accessories 188.8.131.52.3. Wound care products 184.108.40.206.4. Cardiology Devices 220.127.116.11.5. Vital Signs Monitor 18.104.22.168.6. Respiratory supplies 22.214.171.124.7. Urinary supplies 126.96.36.199.8. Diabetic supplies 188.8.131.52.9. Incontinence products 184.108.40.206.10. Orthopedic braces and support 220.127.116.11.11. Muscle stimulators 18.104.22.168.12. Others Chapter 5. Competitive Landscape 5.1. 8.1 Recent Developments & Impact Analysis, By Key Market Participants 5.2. 8.2 Company/Competition Categorization 5.2.1. Innovators 5.3. 8.3 Vendor Landscape 5.3.1. List of key distributors and channel partners 5.3.2. Key customers 5.3.3. Key company market share analysis, 2018 5.3.4. Invacare Corporation 22.214.171.124. Company overview 126.96.36.199. Financial performance 188.8.131.52. Product benchmarking 184.108.40.206. Strategic initiatives 5.3.5. Sunrise Medical 220.127.116.11. Company overview 18.104.22.168. Financial performance 22.214.171.124. Product benchmarking 126.96.36.199. Strategic initiatives 5.3.6. ArjoHuntleigh 188.8.131.52. Company overview 184.108.40.206. Financial performance 220.127.116.11. Product benchmarking 18.104.22.168. Strategic initiatives 5.3.7. Hill-Rom 22.214.171.124. Company overview 126.96.36.199. Financial performance 188.8.131.52. Product benchmarking 184.108.40.206. Strategic initiatives 5.3.8. Stryker 220.127.116.11. Company overview 18.104.22.168. Financial performance 22.214.171.124. Product benchmarking 126.96.36.199. Strategic initiatives 5.3.9. Medline Industries, Inc. 188.8.131.52. Company overview 184.108.40.206. Financial performance 220.127.116.11. Product benchmarking 18.104.22.168. Strategic initiatives 5.3.10. Medical Device Depot, Inc. 22.214.171.124. Company overview 126.96.36.199. Financial performance 188.8.131.52. Product benchmarking 184.108.40.206. Strategic initiatives 5.3.11. GF Health Products Inc 220.127.116.11. Company overview 18.104.22.168. Financial performance 22.214.171.124. Product benchmarking 126.96.36.199. Strategic initiatives 5.3.12. Carex Health Brands 188.8.131.52. Company overview 184.108.40.206. Financial performance 220.127.116.11. Product benchmarking 18.104.22.168. Strategic initiatives 5.3.13. Baxter International, Inc 22.214.171.124. Company overview 126.96.36.199. Financial performance 188.8.131.52. Product benchmarking 184.108.40.206. Strategic initiatives 5.3.14. Becton, Dickinson and Company 220.127.116.11. Company overview 18.104.22.168. Financial performance 22.214.171.124. Product benchmarking 126.96.36.199. Strategic initiatives 5.3.15. Joerns Healthcare LLC 188.8.131.52. Company overview 184.108.40.206. Financial performance 220.127.116.11. Product benchmarking 18.104.22.168. Strategic initiatives
List of Tables TABLE 1 North America geriatric population (Over 60 Years) (Million) (2016 - 2027) TABLE 2 Comparative analysis: Yearly pay in the U.S., by profession (USD/year) List of Figures FIG. 1 Market research process FIG. 2 Data triangulation techniques FIG. 3 Primary research pattern FIG. 4 Primary interviews in North America FIG. 5 Market research approaches FIG. 6 Value-chain-based sizing & forecasting FIG. 7 QFD modeling for market share assessment FIG. 8 Market formulation & validation FIG. 9 U.S. Durable Medical Equipment Market :Product Type Market Outlook FIG. 10 U.S. Durable Medical Equipment Market Competitive Insights FIG. 11 Parent market outlook FIG. 12 Related/ancillary market outlook FIG. 13 Penetration and growth prospect mapping FIG. 14 Industry value chain analysis FIG. 15 U.S. Durable Medical Equipment Market Driver Impact FIG. 16 U.S. Durable Medical Equipment Market Restraint Impact FIG. 17 U.S. Durable Medical Equipment Market Strategic Initiatives Analysis FIG. 18 U.S. Durable Medical Equipment Market: Product Type Movement Analysis FIG. 19 U.S. Durable Medical Equipment Market: Product Type outlook and key takeaways FIG. 20 Personal Mobility Devices market estimates and forecast, 2016 - 2027 FIG. 21 Bathroom Safety Devices and Medical Furniture market estimates and forecast, 2016 - 2027 FIG. 22 Monitoring and Therapeutic Devices market estimates and forecast, 2016 - 2027
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