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The US durable medical equipment market size is forecast to increase by USD 18.63 billion, at a CAGR of 5.6% between 2023 and 2028.
Explore in-depth regional segment analysis with market size data - historical 2018-2022 and forecasts 2024-2028 - in the full report.
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The market research report provides comprehensive data (region-wise segment analysis), with forecasts and estimates in "USD billion" for the period 2024-2028, as well as historical data from 2018-2022 for the following segments.
The monitoring and therapeutic devices segment is estimated to witness significant growth during the forecast period.
In the dynamic and evolving landscape of medical devices, various sectors are experiencing significant growth and innovation. Orthopedic implants continue to advance, offering improved patient outcomes through enhanced materials and design. Data analytics in healthcare is revolutionizing diagnostics and treatment plans, enabling more personalized care. Sleep apnea therapy devices are gaining traction, addressing the growing prevalence of sleep disorders. Equipment lifecycle management is increasingly important, ensuring optimal performance and reducing healthcare costs. Diagnostic imaging devices, from MRI to CT scans, are essential tools in early detection and treatment. Patient satisfaction metrics are prioritized, with remote patient monitoring and telehealth integration improving accessibility and convenience.
Surgical instruments and medical equipment sterilization are crucial for patient safety, while home healthcare technology and medical equipment financing offer greater access to care. Prosthetic limbs, clinical trial devices, and rehabilitation equipment are transforming mobility and recovery. Wound care management and incontinence care products cater to the needs of vulnerable populations. Reimbursement processes and healthcare provider networks are streamlined through clinical workflow optimization. Patient monitoring systems, including cardiac and respiratory devices, are essential for continuous care. Diabetes management devices and mobility assistance devices are improving the quality of life for millions. Supply chain logistics are optimized through technology, ensuring the timely delivery of essential medical equipment.
Device cybersecurity is a growing concern, with insurance coverage and durable medical supplies playing crucial roles in accessibility and affordability. Rehabilitation equipment, patient monitoring systems, and reimbursement processes are all interconnected, shaping the future of healthcare.
The Monitoring and therapeutic devices segment was valued at USD 39.12 billion in 2018 and showed a gradual increase during the forecast period.
Our researchers analyzed the data with 2023 as the base year, along with the key drivers, trends, and challenges. A holistic analysis of drivers will help companies refine their marketing strategies to gain a competitive advantage.
The market forecasting report includes the adoption lifecycle of the market, covering from the innovator's stage to the laggard's stage. It focuses on adoption rates in different regions based on penetration. Furthermore, the report also includes key purchase criteria and drivers of price sensitivity to help companies evaluate and develop their market growth analysis strategies.
Customer Landscape
Companies are implementing various strategies, such as strategic alliances, market forecast partnerships, mergers and acquisitions, geographical expansion, and product/service launches, to enhance their presence in the market.
The market research and growth report includes detailed analyses of the competitive landscape of the market and information about key companies, including:
Qualitative and quantitative analysis of companies has been conducted to help clients understand the wider business environment as well as the strengths and weaknesses of key market players. Data is qualitatively analyzed to categorize companies as pure play, category-focused, industry-focused, and diversified; it is quantitatively analyzed to categorize companies as dominant, leading, strong, tentative, and weak.
The durable medical equipment (DME) market in the US is characterized by continuous evolution and dynamic market activities. Medical device regulation plays a pivotal role in shaping the industry, ensuring the safety and efficacy of various DME offerings. Orthopedic implants, a significant segment, witness ongoing advancements in materials and designs. Data analytics in healthcare is increasingly being integrated into DME, enabling more effective equipment utilization and patient care. Sleep apnea therapy, a growing application, benefits from technological innovations and an expanding patient base. Equipment lifecycle management is gaining importance, with providers focusing on optimizing asset utilization and reducing costs.
Diagnostic imaging devices continue to advance, offering enhanced accuracy and accessibility. Patient satisfaction metrics are increasingly influencing purchasing decisions, driving competition among DME providers. Remote patient monitoring is transforming healthcare delivery, enabling real-time patient data collection and analysis. Surgical instruments, medical equipment sterilization, home healthcare technology, medical equipment financing, and patient safety protocols are other key areas of focus. The integration of telehealth, rehabilitation equipment, and diabetes management devices is revolutionizing care delivery. DME providers are also addressing supply chain logistics, device cybersecurity, insurance coverage, and reimbursement processes to meet evolving market demands. In the realm of clinical trials, DME plays a crucial role in optimizing workflows and ensuring data integrity.
Wound care management, incontinence care products, and rehabilitation equipment cater to specific patient needs. Prosthetic limbs and mobility assistance devices enable improved patient mobility and independence. The DME market is a complex ecosystem, with various stakeholders influencing its dynamics. As the industry continues to evolve, providers must adapt to changing market conditions and regulatory requirements to remain competitive.
Dive into Technavio's robust research methodology, blending expert interviews, extensive data synthesis, and validated models for unparalleled Durable Medical Equipment Market in US insights. See full methodology.
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Market Scope |
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Report Coverage |
Details |
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Page number |
118 |
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Base year |
2023 |
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Historic period |
2018-2022 |
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Forecast period |
2024-2028 |
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Growth momentum & CAGR |
Accelerate at a CAGR of 5.6% |
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Market growth 2024-2028 |
USD 18.63 billion |
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Market structure |
Fragmented |
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YoY growth 2023-2024(%) |
5.2 |
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Competitive landscape |
Leading Companies, Market Positioning of Companies, Competitive Strategies, and Industry Risks |
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1 Executive Summary
2 Market Landscape
3 Market Sizing
4 Historic Market Size
5 Five Forces Analysis
6 Market Segmentation by Product Type
7 Market Segmentation by End-user
8 Customer Landscape
9 Drivers, Challenges, and Opportunity/Restraints
10 Competitive Landscape
11 Competitive Analysis
12 Appendix
Research Framework
Technavio presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources. The analysts have presented the various facets of the market with a particular focus on identifying the key industry influencers. The data thus presented is comprehensive, reliable, and the result of extensive research, both primary and secondary.
INFORMATION SOURCES
Primary sources
Secondary sources
DATA ANALYSIS
Data Synthesis
Data Validation
REPORT WRITING
Qualitative
Quantitative
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