U.S. Durable Medical Equipment Market Accounted For USD 84.3 Billion By 2028Posted by Neha Bora on February 4th, 2021 San Francisco, 4 Feb 2021: The Report U.S. Durable Medical Equipment Market Size, Share & Trends Analysis Report By Product Type (Personal Mobility Devices, Bathroom Safety Devices & Medical Furniture, Monitoring & Therapeutic Devices), And Segment Forecasts, 2021 - 2028 The U.S. durable medical equipment market size is expected to reach USD 84.3 billion by 2028, according to a new report published by Grand View Research, Inc. It is projected to expand at a 6.0% CAGR over the forecast period. The rising prevalence of chronic diseases with the rapidly mounting geriatric population requiring long-term care and increasing penetration of home healthcare services & staff are factors driving the demand for Durable Medical Equipment (DME). The demand for DME is projected to witness a rise during the forecast period, as they are designed per patient acceptance and compliance which boosts its adoption. The aging population and preference for shorter hospital stays are the factors making home healthcare more common. With these trends, a significant number of medical devices such as patient monitoring systems and mobility aids are in great demand. Furthermore, the current coronavirus pandemic has presented unusual and extraordinary challenges to the healthcare system. As the virus continues to spread, there is an increasing demand for home treatment for several health issues, including those directly or indirectly related to COVID-19. As hospital discharges become more prevalent to manage current resources, the resultant demand and production strain on DME providers especially for home oxygen and ventilator suppliers are projected to increase significantly. The ventilator circuit and other respiratory supplies are on a major supply crunch. Access Research Report of U.S. Durable Medical Equipment Market @ https://www.grandviewresearch.com/industry-analysis/us-durable-medical-equipment-dme-market U.S. Durable Medical Equipment Market Report Highlights
List of Key Players in the U.S. Durable Medical Equipment Market
Like it? Share it!More by this author |