According to new data from Market Study Report, the U.S. durable medical equipment market is expected to reach a valuation of $76.32 billion by the year 2026. The growth will be primarily driven by increasing penetration of home healthcare services, high occurrence of chronic conditions, and the rising elderly population.
The report also evaluates the various market segmentations like product terrain and end-use spectrum, along with their respective contributions to the overall market growth. It elaborates on the regional scope and conducts a thorough SWOT analysis of the major companies operating in this industry. In addition, the document highlights the effect of the COVID-19 outbreak on the industry and provides actionable insights for better decision-making.
Citing the End-User Spectrum
The end-user scope of the overall market consists of hospitals, specialty clinics, ambulatory surgical centers, diagnostic centers, home healthcare, and others.
Among these, hospitals captured the majority share of the U.S. durable medical equipment market in 2019 and this segment is also expected to register appreciable growth in the forthcoming years. Improving healthcare infrastructure, technological breakthroughs, and a rising number of hospitalizations are propelling this expansion.
In addition, the ambulatory surgical centers (ASCs) segment is estimated to amass notable gains during the analysis timeframe. It is reported that prominent manufacturers supply durable medical equipment to several ASCs in the United States. The rising number of ambulatory surgical centers are boosting product demand, thereby spiking revenues.
Here’s a look at some of the product types and end users detailed in the report.
U.S. Durable Medical Equipment Market by Product Type (Revenue, USD Million, 2015-2026):
- Monitoring & Therapeutic Devices
- Traction Equipment
- Suction Pumps
- CPAP (Continuous Positive Airway Pressure)
- Oxygen Equipment
- Infusion Pumps
- CPM (Continuous Passive Motion)
- Blood Sugar Monitors
- Other Equipment
- Ostomy Bags and Accessories
- Insulin Pumps
U.S. Durable Medical Equipment Market End-user Analysis (Revenue, USD Million, 2015-2026):
- Home Healthcare
- Diagnostic Centers
- Ambulatory Surgical Centers
- Specialty Clinics
For more information and to purchase the report, visit Market Study Report.