U.S. Durable Medical Equipment Market Size, Share & Trends Analysis Report By Product (Monitoring And Therapeutic Devices, Personal Mobility Devices),- Industry Analysis, Size, Share, Growth, Trends, and Forecast 2024-2034

U.S. Durable Medical Equipment Market Size and Trends

The U.S. durable medical equipment market size was exhibited at USD 66.95 billion in 2024 and is projected to hit around USD 115.67 billion by 2034, growing at a CAGR of 5.64% during the forecast period 2024 to 2034.

U.S. Durable Medical Equipment Market Key Takeaways:

• The monitoring and therapeutic devices segment held the largest revenue share of over 92.0% in 2024.
• The personal mobility devices segment is anticipated to register the fastest growth rate  during the forecast period.
• Hospitals segment dominated the market in 2024 driven by a surge in patients with rising chronic diseases in the country.
• Home healthcare is expected to witness the highest growth rate over the forecast period.

Report Scope of The U.S. Durable Medical Equipment Market

The market is majorly driven by the rising product demand due to the growing geriatric population that is susceptible to various chronic diseases. For instance, according to America’s Health Rankings 2024 annual report, approximately 43% of the U.S. population, totaling 133 million people, was suffering from one or more chronic illnesses in 2023. Moreover, in the same year, more than 29 million adults were reported to be suffering from three or more chronic conditions. These chronic conditions, including arthritis, asthma, chronic kidney disease, Chronic Obstructive Pulmonary Disease (COPD), cardiovascular disease, cancer, depression, and diabetes, collectively contribute to the rising need for hospitalization. Thus, due to the increasing prevalence of chronic diseases and the subsequent surge in hospitalizations, the demand for durable medical equipment is expected to grow, fueling growth in the U.S. market.

The COVID-19 pandemic has initially disrupted the market due to the lack of accessibility of the products to the customers. The pandemic has affected the operations and financial condition of various market players. The DME suppliers have encountered interruptions in the supply chain, such as significant delays and order cancellations, as a result of public health and economic emergencies related to the COVID-19 pandemic.

Furthermore, rising geriatric population is a significant factor propelling the growth of U.S. DME market. As the world's population ages, there is a subsequent increase in the demand for healthcare services and infrastructure to address the unique & evolving healthcare needs of older adults. According to America's Health Rankings 2023 data, nearly 58 million adults aged 65 and above presently reside in the U.S., constituting around 17.3% of the nation's population. Projections indicate that by 2040, this proportion is anticipated to grow to 22%. As the last of the baby boomer generation reaches older adulthood in 2034, estimations suggest that over 73.1 million older adults will be living in the U.S. The geriatric population is more prone to chronic health conditions, such as cardiovascular diseases, respiratory disorders, and orthopedic issues. Durable medical equipment’s such as wheelchair, canes and crutches play a vital role in facilitating the safe and efficient movement of elderly patients within facilities, supporting their treatment and care. Thus, due to the increasing geriatric population, the demand for durable medical equipment is expected to grow in the near future.

Furthermore, geriatric population often requires long-term care and assistance, leading to an increased demand for durable medical equipment, especially those designed for long-term care use. These durable medical equipment’s become integral in different settings such as home care, hospitals, including acute and chronic hospitals in different regions & states. Therefore, the growing geriatric population serves as a key factor fueling the growth of the market, necessitating the development and adoption of innovative & specialized equipment to meet the end use requirements of an aging demographic. 

U.S. Durable Medical Equipment Market By Product Insights

The monitoring and therapeutic devices segment held the largest revenue share of over 92.0% in 2024 due to the increasing prevalence of chronic diseases requiring long-term care. In addition, increasing patient preference for at-home medical treatment or remote medical services over an in-patient setting is contributing to the segment growth. In monitoring and therapeutic devices, neuromonitoring techniques are expected to witness growth over the forecast period as they are becoming a part of standard medical practices and are routinely used during many surgical procedures.

The personal mobility devices segment is anticipated to register the fastest growth rate  during the forecast period. The growing geriatric population and rising chronic illnesses are likely to create more need and demand for mobility products over the forecast period, as these factors generally reduce the ability to move and perform physical tasks to maintain independent functioning. Moreover, aged people are more prone to falls, which can cause fatal or non-fatal injuries.

U.S. Durable Medical Equipment Market By End Use Insights

Hospitals segment dominated the market in 2024 driven by a surge in patients with rising chronic diseases in the country. Hospitals, equipped with advanced medical technology and skilled healthcare professionals, are the primary facilities for addressing these disorders. Moreover, hospitals are proactively initiating measures to manage damages resulting from accidental pullouts. For instance, in January 2022, Sanford Health announced the launch of its first-in-human clinical study of its device to reduce accidental catheter dislodgment. Thus, in turn is expected to drive the segment growth.

Home healthcare is expected to witness the highest growth rate over the forecast period due to the cost-saving approach for the patient to get remote healthcare services. The rising preference for home-based care aligns with a broader trend in the healthcare industry, emphasizing convenience, reduced healthcare costs, and the comfort of receiving medical services within the familiar environment of one's home. This surge in demand for durable medical equipment within the home healthcare setting reflects a transformative shift in patient care delivery. As the industry continues to adapt to these changing dynamics, U.S. durable medical equipment market stands ready to play a pivotal role in shaping the future landscape of patient-centric healthcare.

Some of the prominent players in the U.S. durable medical equipment market include:

• Invacare Corp.
• Sunrise Medical
• Arjo
• Medline Industries, Inc.
• GF Healthcare Products, Inc.
• Carex Health Brands, Inc.
• Cardinal Health
• Drive DeVilbiss Healthcare
• NOVA Medical Products
• Kaye Products, Inc.

Recent Developments

• In January 2024,Sunrise Medical has launched the Switch-It Vigo head control, a wireless and proportional alternative drive system designed for power wheelchairs. The system developed by Now Technologies LTD which joined Sunrise Medical in 2022. Vigo allows users to navigate their power wheelchairs and devices with subtle head movements. Its innovative technology has received acclaim in various markets and secured awards, including the 2023 Mobility Product Award in the "Alternative Driving Controls" category from Mobility Management publication. Vigo's addition complements Switch-It's range of advanced controls for power wheelchairs. This strategic move is anticipated to contribute to the increased adoption of U.S. Durable Medical Equipment in the near future.
  
  
• In January 2024, Medline introduced the OptiView Transparent Dressing with HydroCore technology as the latest addition to its advanced wound care portfolio. The company aim is to enhance efficiency with tools like OptiView, addressing healing barriers and elevating care standards. Users have reported benefits such as improved treatment and prevention of pressure injuries, along with cost savings due to longer wear time and reduced dressing changes. Thus, due to such advancements, the market is expected to grow in the near future.
  
  
• In October 2023, Home Care Delivered, Inc., successfully acquired Medline Industries, LP's DMEPOS supplier business unit. This strategic acquisition aims to boost HCD's market presence, expand its geographical reach, and broaden its customer base. The move reinforces relationships with patients, healthcare plans, providers, and manufacturers.This strategic move is anticipated to contribute to the increased adoption of U.S. Durable Medical Equipment in the near future.
• In March 2023, GF Health Products, Inc. (Graham-Field) expanded its Sub-Acute Care and Extended Care Beds. The new beds utilize enhanced manufacturing resources, including computer-controlled laser welding, robotic assembly, and an upgraded automated coating line.
  
  
• In January 2023, Medically Home secured a substantial $110 million funding round from strategic investors like Baxter International Inc., Global Medical Response (GMR), and Cardinal Health. With representation on the company's Board, these investors, alongside Cardinal Health, Mayo Clinic, and Kaiser Permanente, reaffirm their confidence in Medically Home's model. The model transforms patients' homes into safe alternative care sites, offering both high and lower acuity care. This funding underscores the growing expansion of the model nationwide. By enhancing health system capacity and resilience, while aligning with patient preferences for home-based care, Medically Home's approach reflects a significant industry shift. This innovative model is poised to impact the market, meeting evolving healthcare demands and ensuring patient-centric care.

Segments Covered in the Report

This report forecasts revenue growth at country levels and provides an analysis of the latest industry trends in each of the sub-segments from 2021 to 2034. For this study, Nova one advisor, Inc. has segmented the U.S. durable medical equipment market

By Product

• Personal Mobility Devices

• • Wheelchairs

• • • Electric Wheelchairs
    • Manual Wheelchairs

• • Scooters
  • Walker and Rollators
  • Canes and Crutches
  • Door Openers
  • Other Devices

• Bathroom Safety Devices and Medical Furniture

• • Commodes and Toilets
  • Mattress & Bedding Devices

• Monitoring and Therapeutic Devices

• • Blood Glucose Monitors
  • Continuous Passive Motion (CPM)
  • Infusion Pumps
  • Nebulizers
  • Oxygen Equipment
  • Continuous Positive Airway Pressure (CPAP)
  • Suction Pumps
  • Traction Equipment
  • Others Equipment

• • • Insulin Pumps
    • Ostomy Bags & Accessories
    • Wound Care Products
    • Cardiology Devices
    • Vital Signs Monitor
    • Respiratory Supplies
    • Urinary Supplies
    • Diabetic Supplies
    • Incontinence Products
    • Orthopedic Braces & Support
    • Muscle Stimulators
    • Others

By End-use

• Hospitals
• Specialty Clinics
• Ambulatory Surgical Centers
• Diagnostic Centers
• Home Healthcare
• Others