North America Durable Medical Equipment Market Size, Share & Trends Analysis Report By Product, By End-use (Hospitals, Nursing Homes), By Region, And Segment Forecasts, 2022 - 2030

May 2022 | 100 pages | ID: NB472CA0DCECEN
Grand View Research, Inc.

Abstracts

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North America Durable Medical Equipment Market Growth & Trends

The North America durable medical equipment market size is expected to reach USD 114.4 billion by 2030, according to a new report by Grand View Research, Inc. It is expected to register a CAGR of 5.8% from 2022 to 2030. The market for durable medical equipment (DME) is mainly driven by the rise in chronic diseases, such as cancer and diabetes. Factors such as the technological advancements and the remote patient monitoring services along with a strong reimbursement scenario are likely to boost the growth of the market over the forecast period.

The rapid aging population across the region is likely to contribute to the industry expansion. The geriatric population aged 60 years and above which comprise around 16.5% of the total population is more prone to chronic diseases and health issues, such as mobility issues, cancer, diabetes, mobility issues, cardiovascular disorders, and other age-related diseases. These factors are likely to boost the growth of the DME products market. However, lack of awareness, stringent regulatory guidelines in developed economies, and lack of skilled professionals may limit the durable medical equipment market growth.

The COVID-19 pandemic has initially affected the market due to the shortage of supply of the product. There is a decline in the operations, sales, and revenue of the market players during the pandemic. The pandemic has resulted in rising costs of the product and post-sale services for the recovery of financial loss incurred by the market players.

The availability of advanced DME products has also played an important role in positively impacting the growth of the market. Countries such as the U.S. and Canada are innovators and early adopters of advanced technologies, thus these are the most important customers for medical device markets with rapid technological innovations. Technological breakthroughs concentrating on increasing efficiency are expected to occur during the forecast period, thereby driving the market growth.

North America Durable Medical Equipment Market Report Highlights

• Monitoring and therapeutic devices emerged as the largest segment owing to the introduction of technologically advanced products with more comfort and portability
• Home healthcare is anticipated to be the fastest-growing segment over the forecast period as it is less expensive and preferred by aged people
• The bathroom safety devices and medical furniture is expected to witness the highest growth rate over the forecast period

Contents

CHAPTER 1 EXECUTIVE SUMMARY
CHAPTER 2 RESEARCH METHODOLOGY

2.1 Country-wise Market: Base Estimates
2.2 Global Market: CAGR Calculation
2.3 Region-based Segment Share Calculation
2.4 Research Scope & Assumptions
2.5 List of Data Sources
  2.5.1 Data for primary interviews, by sources
  2.5.2 Data for primary interviews, by region
2.6 Market Snapshot

CHAPTER 3 NORTH AMERICA DURABLE MEDICAL EQUIPMENT MARKET VARIABLES, TRENDS, & SCOPE

3.1 Market Segmentation & Scope
3.2 Market Driver Analysis
  3.2.1 Increasing prevalence of chronic diseases requiring long-term care
  3.2.2 Growing geriatric population
  3.2.3 Increasing penetration of home healthcare services and staff
3.3 Market Restraint Analysis
  3.3.1 Performance failure and durability issues of DME
  3.3.2 Lower remunerations
3.4 Key Opportunities Prioritized
  3.4.1 Key opportunities prioritized, by product
  3.4.2 Key opportunities prioritized, by end-use
3.5 North America Durable Medical Equipment - SWOT Analysis, by Factor (Political & Legal, Economic, and Technological)
3.6 Industry Analysis - Porter’s

CHAPTER 4 DURABLE MEDICAL EQUIPMENT MARKET: PRODUCT ESTIMATES & TREND ANALYSIS

4.1 North America Durable Medical Equipment Market: Product Movement Analysis
4.2 Personal Mobility Devices
  4.2.1 Wheelchairs
    4.2.1.1 Wheelchair market, 2018 - 2030 (USD Million)
  4.2.2 Scooters
    4.2.2.1 Scooters market, 2018 - 2030 (USD Million)
  4.2.3 Walker and rollators
    4.2.3.1 Walker and rollators market, 2018 - 2030 (USD Million)
  4.2.4 Cranes and Crutches
    4.2.4.1 Cranes and crutches market, 2018 - 2030 (USD Million)
  4.2.5 Door Openers
    4.2.5.1 Door openers market, 2018 - 2030 (USD Million)
  4.2.6 Other Devices
    4.2.6.1 Other devices market, 2018 - 2030 (USD Million)
4.3 Bathroom Safety Devices and Medical Furniture
  4.3.1 Commodes and toilets
    4.3.1.1 Commodes and toilets market, 2018 - 2030 (USD Million)
  4.3.2 Mattress & Bedding Devices
    4.3.2.1 Mattress & bedding devices market, 2018 - 2030 (USD Million)
4.4 Monitoring and Therapeutic Devices
  4.4.1 Blood sugar monitors
    4.4.1.1 Blood sugar monitors market, 2018 - 2030 (USD Million)
  4.4.2 Continuous passive motion (CPM)
    4.4.2.1 Continuous passive motion (CPM) market, 2018 - 2030 (USD Million)
  4.4.3 Infusion pumps
    4.4.3.1 Infusion pumps market, 2018 - 2030 (USD Million)
  4.4.4 Nebulizers
    4.4.4.1 Nebulizers market, 2018 - 2030 (USD Million)
  4.4.5 Oxygen equipment
    4.4.5.1 Oxygen equipment market, 2018 - 2030 (USD Million)
  4.4.6 Continuous Positive Airway Pressure (CPAP)
    4.4.6.1 Continuous Positive Airway Pressure (CPAP) market, 2018 - 2030 (USD Million)
  4.4.7 Suction pumps
    4.4.7.1 Suction pumps market, 2018 - 2030 (USD Million)
  4.4.8 Traction equipment
    4.4.8.1 Traction equipment market, 2018 - 2030 (USD Million)
  4.4.9 Others equipment
    4.4.9.1 Others equipment market, 2018 - 2030 (USD Million)

CHAPTER 5 NORTH AMERICA DURABLE MEDICAL EQUIPMENT MARKET: END-USE ESTIMATES & TREND ANALYSIS

5.1 North America Durable Medical Equipment Market: End-use Movement Analysis
5.2 Hospitals
  5.2.1 Hospitals market, 2018 - 2030 (USD Million)
5.3 Nursing Homes
  5.3.1 Nursing homes market, 2018 - 2030 (USD Million)
5.4 Home Healthcare
  5.4.1 Home healthcare market, 2018 - 2030 (USD Million)
5.5 Other End-user
  5.5.1 Other end-user market, 2018 - 2030 (USD Million)

CHAPTER 6 NORTH AMERICA DURABLE MEDICAL EQUIPMENT MARKET: REGIONAL ESTIMATES & TREND ANALYSIS, BY PRODUCT, END-USE

6.1 North America Durable Medical Equipment Market Share by Region, 2021 & 2030
6.2 North America
  6.2.1 U.S.
    6.2.1.1 U.S. durable medical equipment market, by product, 2018 - 2030 (USD Million)
    6.2.1.2 U.S. durable medical equipment market, by end-use, 2018 - 2030 (USD Million)
  6.2.2 Canada
    6.2.2.1 Canada durable medical equipment market, by product, 2018 - 2030 (USD Million)
    6.2.2.2 Canada durable medical equipment market, by end-use, 2018 - 2030 (USD Million)

CHAPTER 7 COMPETITIVE LANDSCAPE

7.1 Company Profiles
  7.1.1 Invacare Corp.
    7.1.1.1 Company overview
    7.1.1.2 Financial performance
    7.1.1.3 Product benchmarking
    7.1.1.4 Strategic initiatives
  7.1.2 Sunrise Medical
    7.1.2.1 Company overview
    7.1.2.2 Financial performance
    7.1.2.3 Product benchmarking
    7.1.2.4 Strategic initiatives
  7.1.3 Arjo
    7.1.3.1 Company overview
    7.1.3.2 Financial performance
    7.1.3.3 Product benchmarking
    7.1.3.4 Strategic initiatives
  7.1.4 Medline Industries, Inc.
    7.1.4.1 Company overview
    7.1.4.2 Financial performance
    7.1.4.3 Product benchmarking
    7.1.4.4 Strategic initiatives
  7.1.5 GF Healthcare Products, Inc.
    7.1.5.1 Company overview
    7.1.5.2 Financial performance
    7.1.5.3 Product benchmarking
    7.1.5.4 Strategic initiatives
  7.1.6 Carex Health Brands, Inc.
    7.1.6.1 Company overview
    7.1.6.2 Financial performance
    7.1.6.3 Product benchmarking
    7.1.6.4 Strategic initiatives
  7.1.7 Cardinal Health
    7.1.7.1 Company overview
    7.1.7.2 Financial performance
    7.1.7.3 Product benchmarking
    7.1.7.4 Strategic initiatives
  7.1.8 Kaye Products, Inc.
    7.1.8.1 Company overview
    7.1.8.2 Financial performance
    7.1.8.3 Product benchmarking
    7.1.8.4 Strategic initiatives
  7.1.9 Drive DeVilbiss Healthcare
    7.1.9.1 Company overview
    7.1.9.2 Financial performance
    7.1.9.3 Product benchmarking
    7.1.9.4 Strategic initiatives
  7.1.10 NOVA Medical Products
    7.1.10.1 Company overview
    7.1.10.2 Financial performance
    7.1.10.3 Product benchmarking
    7.1.10.4 Strategic initiatives

List Of Tables

LIST OF TABLES

Table 1 List of secondary sources
Table 2 List of abbreviations
Table 3 North America DME Market Estimates & Forecasts, by Country, 2018 - 2030 (USD Million)
Table 4 North America DME Market Estimates & Forecasts, by Product, 2018 - 2030 (USD Million)
Table 5 North America DME Market Estimates & Forecasts, by End-use, 2018 - 2030 (USD Million)
Table 6 U.S. DME Market Estimates & Forecasts, by Product, 2018 - 2030 (USD Million)
Table 7 U.S. DME Market Estimates & Forecasts, by End-use, 2018 - 2030 (USD Million)
Table 8 Canada DME Market Estimates & Forecasts, by Product, 2018 - 2030 (USD Million)
Table 9 Canada DME Market Estimates & Forecasts, by End-use, 2018 - 2030 (USD Million)

List Of Figures

LIST OF FIGURES

Fig. 1 Market research process
Fig. 2 Information procurement
Fig. 3 Primary research pattern
Fig. 4 Market research approaches
Fig. 5 Value chain based sizing and forecasting
Fig. 6 QFD modeling for market share assessment
Fig. 7 North America DME market snapshot
Fig. 8 North America DME market segmentation
Fig. 9 North America DME market driver impact
Fig. 10 North America DME market restraint impact
Fig. 11 SWOT analysis, by Factor (Political & Legal, Economic, and Technological)
Fig. 12 Porter's five forces analysis
Fig. 13 North America DME: Product outlook and key takeaways
Fig. 14 North America DME: Product movement analysis
Fig. 15 Personal mobility devices market estimates and forecast, 2018 - 2030
Fig. 16 Wheelchairs market estimates and forecast, 2018 - 2030
Fig. 17 Scooters market estimates and forecast, 2018 - 2030
Fig. 18 Walkers and rollators market estimates and forecast, 2018 - 2030
Fig. 19 Cranes and crutches market estimates and forecast, 2018 - 2030
Fig. 20 Door openers market estimates and forecast, 2018 - 2030
Fig. 21 Others devices market estimates and forecast, 2018 - 2030
Fig. 22 Bathroom safety devices & medical furniture market estimates and forecast, 2018 - 2030
Fig. 23 Commodes and toilets market estimates and forecast, 2018 - 2030
Fig. 24 Mattress & bedding devices market estimates and forecast, 2018 - 2030
Fig. 25 Monitoring & therapeutic devices market estimates and forecast, 2018 - 2030
Fig. 26 Blood sugar monitors market estimates and forecast, 2018 - 2030
Fig. 27 Continuous passive motion market estimates and forecast, 2018 - 2030
Fig. 28 Infusion pumps market estimates and forecast, 2018 - 2030
Fig. 29 Nebulizers market estimates and forecast, 2018 - 2030
Fig. 30 Oxygen equipment market estimates and forecast, 2018 - 2030
Fig. 31 Continuous Positive Airway Pressure market estimates and forecast, 2018 - 2030
Fig. 32 Suction pumps market estimates and forecast, 2018 - 2030
Fig. 33 Traction equipment market estimates and forecast, 2018 - 2030
Fig. 34 Others equipment market estimates and forecast, 2018 - 2030
Fig. 35 DME: End-use outlook and key takeaways
Fig. 36 DME: End-use movement analysis
Fig. 37 Hospitals market estimates and forecast, 2018 - 2030
Fig. 38 Nursing homes market estimates and forecast, 2018 - 2030
Fig. 39 Home healthcare market estimates and forecast, 2018 - 2030
Fig. 40 Other end-user market estimates and forecast, 2018 - 2030
Fig. 41 North America DME: Regional outlook and key takeaways
Fig. 42 North America DME: Regional movement analysis
Fig. 43 North America market estimates and forecast, 2018 - 2030
Fig. 44 U.S. market estimates and forecast, 2018 - 2030
Fig. 45 Canada market estimates and forecast, 2018 - 2030