U.S. Home Durable Medical Equipment Market Size, Share & Trends Analysis Report By Region (West, Midwest, Northeast, Southwest, Southeast), And Segment Forecasts, 2024 - 2030
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U.S. Home Durable Medical Equipment Market Growth & Trends
The U.S. home durable medical equipment market size is anticipated to reach USD 20.39 billion by 2030 and is growing at a CAGR of 6.2% during the forecast period, according to a new report by Grand View Research, Inc. The increasing acceptance of home care settings in the healthcare industry and the prevalence of hospital acquired infections (HAI) are significant factors driving the market growth.
The increasing incidence of HAI is increasing the demand for another healthcare setting to tackle the threat of HAIs. Home healthcare offers an alternative to hospitals owing to its convenience of treatment and the lesser threat of HAIs. Moreover, the increasing prevalence of chronic conditions, such as heart disease, cancer, and diabetes, that require regular patient monitoring are significantly contributing to the market growth. For instance, according to the American Cancer Society, 1,918,030 new cancer cases and 609,360 new cancer deaths were estimated in the U.S. in 2022. Such a high prevalence of cancer is expected to increase the demand for regular monitoring from home care settings and drive market growth.
Similarly, the increasing focus of market players on developing innovative solutions to meet the demand of patients in home care settings is further contributing to the market growth. For instance, in June 2022, Belluscura PLC announced the launch of X-PLOR, a Bluetooth-enabled oxygen concentrator with the Nomad Health app that allows patients to track their breathing rates, oxygen usage, heart rate, blood oxygen saturation levels, and other parameters. Developing such innovative solutions is easing the country's use of home durable medical equipment (DME), thereby driving market growth.
U.S. Home Durable Medical Equipment Market Report Highlights
U.S. Home Durable Medical Equipment Market Growth & Trends
The U.S. home durable medical equipment market size is anticipated to reach USD 20.39 billion by 2030 and is growing at a CAGR of 6.2% during the forecast period, according to a new report by Grand View Research, Inc. The increasing acceptance of home care settings in the healthcare industry and the prevalence of hospital acquired infections (HAI) are significant factors driving the market growth.
The increasing incidence of HAI is increasing the demand for another healthcare setting to tackle the threat of HAIs. Home healthcare offers an alternative to hospitals owing to its convenience of treatment and the lesser threat of HAIs. Moreover, the increasing prevalence of chronic conditions, such as heart disease, cancer, and diabetes, that require regular patient monitoring are significantly contributing to the market growth. For instance, according to the American Cancer Society, 1,918,030 new cancer cases and 609,360 new cancer deaths were estimated in the U.S. in 2022. Such a high prevalence of cancer is expected to increase the demand for regular monitoring from home care settings and drive market growth.
Similarly, the increasing focus of market players on developing innovative solutions to meet the demand of patients in home care settings is further contributing to the market growth. For instance, in June 2022, Belluscura PLC announced the launch of X-PLOR, a Bluetooth-enabled oxygen concentrator with the Nomad Health app that allows patients to track their breathing rates, oxygen usage, heart rate, blood oxygen saturation levels, and other parameters. Developing such innovative solutions is easing the country's use of home durable medical equipment (DME), thereby driving market growth.
U.S. Home Durable Medical Equipment Market Report Highlights
- The increasing demand for home care settings in the country, owing to the convenience of treatment, the growing accessibility of innovative and easy-to-use home durable equipment, and the increasing geriatric population, is driving the market growth
- In July 2021, Advanced Diabetes Supply acquired US Medical Supply (US MED) from H.I.G. Capital. US MED is one of the major distributors of Continuous Glucose Monitors (CGM) and medical supplies in the U.S. This acquisition aimed to increase the company’s offering and quality of patient care
CHAPTER 1. METHODOLOGY AND SCOPE
1.1. Market Segmentation & Scope
1.2. Segment Definitions
1.2.1. Regional scope
1.2.2. Estimates and forecasts timeline
1.3. Research Methodology
1.4. Information Procurement
1.4.1. Purchased database
1.4.2. GVR’s internal database
1.4.3. Secondary sources
1.4.4. Primary research
1.5. Information or Data Analysis
1.5.1. Data analysis models
1.6. Market Formulation & Validation
1.7. Model Details
1.7.1. Commodity flow analysis (Model 1)
1.7.2. Volume price analysis (Model 2)
1.8. List of Secondary Sources
1.9. List of Primary Sources
1.10. Objectives
CHAPTER 2. EXECUTIVE SUMMARY
2.1. Market Outlook
2.2. Segment Outlook
2.2.1. Regional outlook
2.3. Competitive Insights
CHAPTER 3. U.S. HOME 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. Market Dynamics
3.2.1. Market Driver Analysis
3.2.1.1. Increasing geriatric population
3.2.1.2. Increasing preference towards home healthcare
3.2.1.3. Rise in long-term chronic conditions
3.2.1.4. Increasing advancements and innovation
3.2.2. Market Restraint Analysis
3.2.2.1. High equipment cost
3.3. U.S. Home Durable Medical Equipment Market Analysis Tools
3.3.1. Industry Analysis - Porter’s
3.3.1.1. Supplier power
3.3.1.2. Buyer power
3.3.1.3. Substitution threat
3.3.1.4. Threat of new entrant
3.3.1.5. Competitive rivalry
3.3.2. PESTEL Analysis
3.3.2.1. Political landscape
3.3.2.2. Technological landscape
3.3.2.3. Economic landscape
CHAPTER 4. U.S. HOME DURABLE MEDICAL EQUIPMENT MARKET VARIABLES, TRENDS & SCOPE
4.1. Regional Market Share Analysis, 2023 & 2030
4.2. U.S. Home Durable Medical Equipment Market by Region Outlook
4.3. Market Size, & Forecasts Trend Analysis, 2018 to 2030:
4.4. U.S.
4.4.1. West
4.4.1.1. Market estimates and forecasts 2018 - 2030 (USD Million)
4.4.2. Midwest
4.4.2.1. Market estimates and forecasts 2018 - 2030 (USD Million)
4.4.3. Northeast
4.4.3.1. Market estimates and forecasts 2018 - 2030 (USD Million)
4.4.4. Southwest
4.4.4.1. Market estimates and forecasts 2018 - 2030 (USD Million)
4.4.5. Southeast
4.4.5.1. Market estimates and forecasts 2018 - 2030 (USD Million)
CHAPTER 5. COMPETITIVE LANDSCAPE
5.1. Recent Developments & Impact Analysis, By Key Market Participants
5.2. Company/Competition Categorization
5.3. Vendor Landscape
5.3.1. List of key distributors and channel partners
5.3.2. Key customers
5.3.3. Key company heat map analysis, 2023
5.4. Company Profiles
5.4.1. Compass Health Brands
5.4.1.1. Company overview
5.4.1.2. Financial performance
5.4.1.3. Product benchmarking
5.4.1.4. Strategic initiatives
5.4.2. Invacare Corporation
5.4.2.1. Company overview
5.4.2.2. Financial performance
5.4.2.3. Product benchmarking
5.4.2.4. Strategic initiatives
5.4.3. Rotech Healthcare Inc.
5.4.3.1. Company overview
5.4.3.2. Financial performance
5.4.3.3. Product benchmarking
5.4.3.4. Strategic initiatives
5.4.4. Medline Industries, LP
5.4.4.1. Company overview
5.4.4.2. Financial performance
5.4.4.3. Product benchmarking
5.4.4.4. Strategic initiatives
5.4.5. Masimo
5.4.5.1. Company overview
5.4.5.2. Financial performance
5.4.5.3. Product benchmarking
5.4.5.4. Strategic initiatives
5.4.6. ResMed
5.4.6.1. Company overview
5.4.6.2. Financial performance
5.4.6.3. Product benchmarking
5.4.6.4. Strategic initiatives
1.1. Market Segmentation & Scope
1.2. Segment Definitions
1.2.1. Regional scope
1.2.2. Estimates and forecasts timeline
1.3. Research Methodology
1.4. Information Procurement
1.4.1. Purchased database
1.4.2. GVR’s internal database
1.4.3. Secondary sources
1.4.4. Primary research
1.5. Information or Data Analysis
1.5.1. Data analysis models
1.6. Market Formulation & Validation
1.7. Model Details
1.7.1. Commodity flow analysis (Model 1)
1.7.2. Volume price analysis (Model 2)
1.8. List of Secondary Sources
1.9. List of Primary Sources
1.10. Objectives
CHAPTER 2. EXECUTIVE SUMMARY
2.1. Market Outlook
2.2. Segment Outlook
2.2.1. Regional outlook
2.3. Competitive Insights
CHAPTER 3. U.S. HOME 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. Market Dynamics
3.2.1. Market Driver Analysis
3.2.1.1. Increasing geriatric population
3.2.1.2. Increasing preference towards home healthcare
3.2.1.3. Rise in long-term chronic conditions
3.2.1.4. Increasing advancements and innovation
3.2.2. Market Restraint Analysis
3.2.2.1. High equipment cost
3.3. U.S. Home Durable Medical Equipment Market Analysis Tools
3.3.1. Industry Analysis - Porter’s
3.3.1.1. Supplier power
3.3.1.2. Buyer power
3.3.1.3. Substitution threat
3.3.1.4. Threat of new entrant
3.3.1.5. Competitive rivalry
3.3.2. PESTEL Analysis
3.3.2.1. Political landscape
3.3.2.2. Technological landscape
3.3.2.3. Economic landscape
CHAPTER 4. U.S. HOME DURABLE MEDICAL EQUIPMENT MARKET VARIABLES, TRENDS & SCOPE
4.1. Regional Market Share Analysis, 2023 & 2030
4.2. U.S. Home Durable Medical Equipment Market by Region Outlook
4.3. Market Size, & Forecasts Trend Analysis, 2018 to 2030:
4.4. U.S.
4.4.1. West
4.4.1.1. Market estimates and forecasts 2018 - 2030 (USD Million)
4.4.2. Midwest
4.4.2.1. Market estimates and forecasts 2018 - 2030 (USD Million)
4.4.3. Northeast
4.4.3.1. Market estimates and forecasts 2018 - 2030 (USD Million)
4.4.4. Southwest
4.4.4.1. Market estimates and forecasts 2018 - 2030 (USD Million)
4.4.5. Southeast
4.4.5.1. Market estimates and forecasts 2018 - 2030 (USD Million)
CHAPTER 5. COMPETITIVE LANDSCAPE
5.1. Recent Developments & Impact Analysis, By Key Market Participants
5.2. Company/Competition Categorization
5.3. Vendor Landscape
5.3.1. List of key distributors and channel partners
5.3.2. Key customers
5.3.3. Key company heat map analysis, 2023
5.4. Company Profiles
5.4.1. Compass Health Brands
5.4.1.1. Company overview
5.4.1.2. Financial performance
5.4.1.3. Product benchmarking
5.4.1.4. Strategic initiatives
5.4.2. Invacare Corporation
5.4.2.1. Company overview
5.4.2.2. Financial performance
5.4.2.3. Product benchmarking
5.4.2.4. Strategic initiatives
5.4.3. Rotech Healthcare Inc.
5.4.3.1. Company overview
5.4.3.2. Financial performance
5.4.3.3. Product benchmarking
5.4.3.4. Strategic initiatives
5.4.4. Medline Industries, LP
5.4.4.1. Company overview
5.4.4.2. Financial performance
5.4.4.3. Product benchmarking
5.4.4.4. Strategic initiatives
5.4.5. Masimo
5.4.5.1. Company overview
5.4.5.2. Financial performance
5.4.5.3. Product benchmarking
5.4.5.4. Strategic initiatives
5.4.6. ResMed
5.4.6.1. Company overview
5.4.6.2. Financial performance
5.4.6.3. Product benchmarking
5.4.6.4. Strategic initiatives
LIST OF TABLES
Table 1 List of abbreviations
Table 2 U.S. home durable medical equipment market, by region, 2018 - 2030 (USD Million)
Table 1 List of abbreviations
Table 2 U.S. home durable medical equipment market, by region, 2018 - 2030 (USD Million)
LIST OF FIGURES
Fig. 1 Market research process
Fig. 2 Data triangulation techniques
Fig. 3 Primary research pattern
Fig. 4 Market research approaches
Fig. 5 Value-chain-based sizing & forecasting
Fig. 6 QFD modeling for market share assessment
Fig. 7 Market formulation & validation
Fig. 8 U.S. home durable medical equipment market: Market outlook
Fig. 9 U.S. home durable medical equipment competitive insights
Fig. 10 Parent market outlook
Fig. 11 Related/ancillary market outlook
Fig. 12 Penetration and growth prospect mapping
Fig. 13 U.S. home durable medical equipment market driver impact
Fig. 14 U.S. home durable medical equipment market restraint impact
Fig. 15 U.S. home durable medical equipment market: Regional movement analysis
Fig. 16 U.S. home durable medical equipment market: Regional outlook and key takeaways
Fig. 17 West market estimates and forecasts, 2018 - 2030 (USD Million)
Fig. 18 Midwest market estimates and forecasts, 2018 - 2030 (USD Million)
Fig. 19 Northeast market estimates and forecasts, 2018 - 2030 (USD Million)
Fig. 20 Southwest market estimates and forecasts, 2018 - 2030 (USD Million)
Fig. 21 Southeast market estimates and forecasts, 2018 - 2030 (USD Million)
Fig. 1 Market research process
Fig. 2 Data triangulation techniques
Fig. 3 Primary research pattern
Fig. 4 Market research approaches
Fig. 5 Value-chain-based sizing & forecasting
Fig. 6 QFD modeling for market share assessment
Fig. 7 Market formulation & validation
Fig. 8 U.S. home durable medical equipment market: Market outlook
Fig. 9 U.S. home durable medical equipment competitive insights
Fig. 10 Parent market outlook
Fig. 11 Related/ancillary market outlook
Fig. 12 Penetration and growth prospect mapping
Fig. 13 U.S. home durable medical equipment market driver impact
Fig. 14 U.S. home durable medical equipment market restraint impact
Fig. 15 U.S. home durable medical equipment market: Regional movement analysis
Fig. 16 U.S. home durable medical equipment market: Regional outlook and key takeaways
Fig. 17 West market estimates and forecasts, 2018 - 2030 (USD Million)
Fig. 18 Midwest market estimates and forecasts, 2018 - 2030 (USD Million)
Fig. 19 Northeast market estimates and forecasts, 2018 - 2030 (USD Million)
Fig. 20 Southwest market estimates and forecasts, 2018 - 2030 (USD Million)
Fig. 21 Southeast market estimates and forecasts, 2018 - 2030 (USD Million)
