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Published: Feb, 2020 | Pages:
113 | Publisher: Grand View Research
Industry: Medical Devices | Report Format: Electronic (PDF)
The U.S. durable medical equipment market size is expected to reach USD 79.6 billion by 2027, exhibiting a 6.0% CAGR over the forecast period, according to a new report published by Grand View Research, Inc. Increasing incidence of cancer and other diseases such as diabetes, rheumatoid arthritis, and multiple sclerosis is projected to propel the growth. In addition, increasing approvals of durable medical equipment (DME) is anticipated to drive the product adoption. Rising prevalence of chronic diseases requiring long-term care, rapidly growing geriatric population, and increasing penetration of home healthcare services and staff are other factors driving the product demand. The demand for durable medical equipment is expected to witness rise over the forecast period, as they are designed in accordance with patient acceptance and compliance. Rapid technological developments and investments in R&D activities by the key market players are anticipated to make these product more convenient and user-friendly. This is encouraging patients to adopt this DME technology for chronic illnesses, which in turn is projected to drive the growth of the market in the forthcoming years. Further key findings from the report suggest: • Monitoring and therapeutic devices emerged as the largest segment during the forecast period, owing to the ease of use of the products • Rising demand for new technologies along with advanced healthcare infrastructure is facilitating the market growth during the forecast period • Personal mobility devices is anticipated to be the fastest-growing segment over the study period as these facilities offer custodial care like door openers, wheelchairs and scooters. • Few of the key players operating in the U.S. durable medical equipment market include Invacare Corporation; Sunrise Medical; ArjoHuntleigh; Hill-Rom; Stryker; Medline Industries, Inc.; Medical Device Depot, Inc.; GF Health Products Inc.; Carex Health Brands; Baxter International, Inc.; Becton, Dickinson and Company; and Joerns Healthcare LLC
Table of Contents
Chapter 1. Methodology and Scope
1.1. Market Segmentation & Scope
1.1.1. Product Type
1.1.2. Estimates and forecast timeline
1.2. Research Methodology
1.3. Information Procurement
1.3.1. Purchased database
1.3.2. GVR’s internal database
1.3.3. Secondary sources
1.3.4. Primary research
1.4. Information or Data Analysis
1.4.1. Data analysis models
1.5. Market Formulation & Validation
1.6. Model Details
1.6.1. Commodity flow analysis (Model 1)
1.6.1.1. Approach 1: Commodity flow approach
1.6.2. Volume price analysis (Model 2)
1.6.2.1. Approach 2: Volume price analysis
1.7. List of Secondary Sources
1.8. List of Primary Sources
1.9. Objectives
1.9.1. Objective 1
1.9.1.1 Understanding the market dynamics (in terms of drivers, restraints & opportunities) in the U.S. country
1.9.1.2 Understanding the trends & variables in the individual countries to & their impact on growth and analytical tools to provide high level insights into the market dynamics and the associated growth pattern
1.9.2. Objective 2
1.9.2.1 Understanding the market estimates and forecasts (with the base year as 2019, historic information of 2016 - 2018, and forecast from 2020 to 2027). Country level estimates and forecasts for each category are available and are summed up to form the market.
1.9.3. Objective 3
1.9.3.1 Understanding the attributes such as strategy framework, competitor categorization which are included to provide elaborate details on the market structure & strategic undertakings & their impact. Company profiles are individually represented for all major participants and indices such as financial performance, strategic initiatives, and product portfolio & company overview are used for analyses.
1.9.4. Objective 4
1.9.4.1 Understanding the key service and application scopes to conclude on the market size.
Chapter 2. Executive Summary
2.1. Market Outlook
2.2. Segment Outlook
2.2.1. Product Type
2.3. Competitive Insights
Chapter 3. U.S. 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. Penetration & Growth Prospect Mapping
3.3. Industry Value Chain Analysis
3.3.1. Reimbursement framework
3.4. Market Dynamics
3.4.1. Market driver analysis
3.4.1.1. Increasing prevalence of chronic diseases
3.4.1.2. Increasing penetration of home healthcare services and staff
3.4.1.3. Technological advancements
3.4.1.4. Rapidly increasing geriatric population
3.4.2. Market restraint analysis
3.4.2.1. High cost of DME equipment
3.4.2.2. Stringent government regulations
3.4.2.3. Lack of skilled professionals to handle this equipment
3.4.3. Industry challenge
3.4.3.1. Product recall
3.4.3.2. Rising competition
3.5. U.S. Durable Medical Equipment Market Analysis Tools
3.5.1. Industry Analysis – Porter’s
3.5.1.1. Supplier power
3.5.1.2. Buyer power
3.5.1.3. Substitution threat
3.5.1.4. Threat of new entrant
3.5.1.5. Competitive rivalry
3.5.2. PESTEL Analysis
3.5.2.1. Political landscape
3.5.2.2. Technological landscape
3.5.2.3. Economic landscape
3.5.3. Major Deals & Strategic Alliances Analysis
3.5.4. Market Entry Strategies
Chapter 4. U.S. Durable Medical Equipment Market: Product Type Estimates & Trend Analysis
4.1. Definitions and Scope
4.1.1. Personal Mobility Devices
4.1.1.1. Wheelchairs
4.1.1.2. Scooters
4.1.1.3. Walker and Rollators
4.1.1.4. Canes and Crutches
4.1.1.5. Door Openers
4.1.1.6. Others
4.1.2. Bathroom Safety Devices and Medical Furniture
4.1.2.1. Commodes and Toilets
4.1.2.2. Mattress & Bedding Devices
4.1.3. Monitoring and Therapeutic Devices
4.1.3.1. Blood Sugar Monitors
4.1.3.2. Continuous Passive Motion (CPM)
4.1.3.3. Infusion Pumps
4.1.3.4. Nebulizers
4.1.3.5. Oxygen equipment
4.1.3.6. Continuous Positive Airway Pressure (CPAP)
4.1.3.7. Suction pumps
4.1.3.8. Traction Equipment
4.1.3.9. Others
4.1.3.9.1. Insulin pumps
4.1.3.9.2. Ostomy bags and accessories
4.1.3.9.3. Wound care products
4.1.3.9.4. Cardiology Devices
4.1.3.9.5. Vital Signs Monitor
4.1.3.9.6. Respiratory supplies
4.1.3.9.7. Urinary supplies
4.1.3.9.8. Diabetic supplies
4.1.3.9.9. Incontinence products
4.1.3.9.10. Orthopedic braces and support
4.1.3.9.11. Muscle stimulators
4.1.3.9.12. Others
4.2. Segment Dashboard
4.3. U.S. Durable Medical Equipment Market Share, 2019 & 2027
4.4. U.S. Durable Medical Equipment Market by Product Type Outlook
4.5. Market Size & Forecasts and Trend Analyses, 2016 to 2027 for the following
4.5.1. Personal Mobility Devices
4.5.1.1. Wheelchairs
4.5.1.2. Scooters
4.5.1.3. Walker and Rollators
4.5.1.4. Canes and Crutches
4.5.1.5. Door Openers
4.5.1.6. Others
4.5.2. Bathroom Safety Devices and Medical Furniture
4.5.2.1. Commodes and Toilets
4.5.2.2. Mattress & Bedding Devices
4.5.3. Monitoring and Therapeutic Devices
4.5.3.1. Blood Sugar Monitors
4.5.3.2. Continuous Passive Motion (CPM)
4.5.3.3. Infusion Pumps
4.5.3.4. Nebulizers
4.5.3.5. Oxygen equipment
4.5.3.6. Continuous Positive Airway Pressure (CPAP)
4.5.3.7. Suction pumps
4.5.3.8. Traction Equipment
4.5.3.9. Others
4.5.3.9.1. Insulin pumps
4.5.3.9.2. Ostomy bags and accessories
4.5.3.9.3. Wound care products
4.5.3.9.4. Cardiology Devices
4.5.3.9.5. Vital Signs Monitor
4.5.3.9.6. Respiratory supplies
4.5.3.9.7. Urinary supplies
4.5.3.9.8. Diabetic supplies
4.5.3.9.9. Incontinence products
4.5.3.9.10. Orthopedic braces and support
4.5.3.9.11. Muscle stimulators
4.5.3.9.12. Others
Chapter 5. Competitive Landscape
5.1. 8.1 Recent Developments & Impact Analysis, By Key Market Participants
5.2. 8.2 Company/Competition Categorization
5.2.1. Innovators
5.3. 8.3 Vendor Landscape
5.3.1. List of key distributors and channel partners
5.3.2. Key customers
5.3.3. Key company market share analysis, 2018
5.3.4. Invacare Corporation
5.3.4.1. Company overview
5.3.4.2. Financial performance
5.3.4.3. Product benchmarking
5.3.4.4. Strategic initiatives
5.3.5. Sunrise Medical
5.3.5.1. Company overview
5.3.5.2. Financial performance
5.3.5.3. Product benchmarking
5.3.5.4. Strategic initiatives
5.3.6. ArjoHuntleigh
5.3.6.1. Company overview
5.3.6.2. Financial performance
5.3.6.3. Product benchmarking
5.3.6.4. Strategic initiatives
5.3.7. Hill-Rom
5.3.7.1. Company overview
5.3.7.2. Financial performance
5.3.7.3. Product benchmarking
5.3.7.4. Strategic initiatives
5.3.8. Stryker
5.3.8.1. Company overview
5.3.8.2. Financial performance
5.3.8.3. Product benchmarking
5.3.8.4. Strategic initiatives
5.3.9. Medline Industries, Inc.
5.3.9.1. Company overview
5.3.9.2. Financial performance
5.3.9.3. Product benchmarking
5.3.9.4. Strategic initiatives
5.3.10. Medical Device Depot, Inc.
5.3.10.1. Company overview
5.3.10.2. Financial performance
5.3.10.3. Product benchmarking
5.3.10.4. Strategic initiatives
5.3.11. GF Health Products Inc
5.3.11.1. Company overview
5.3.11.2. Financial performance
5.3.11.3. Product benchmarking
5.3.11.4. Strategic initiatives
5.3.12. Carex Health Brands
5.3.12.1. Company overview
5.3.12.2. Financial performance
5.3.12.3. Product benchmarking
5.3.12.4. Strategic initiatives
5.3.13. Baxter International, Inc
5.3.13.1. Company overview
5.3.13.2. Financial performance
5.3.13.3. Product benchmarking
5.3.13.4. Strategic initiatives
5.3.14. Becton, Dickinson and Company
5.3.14.1. Company overview
5.3.14.2. Financial performance
5.3.14.3. Product benchmarking
5.3.14.4. Strategic initiatives
5.3.15. Joerns Healthcare LLC
5.3.15.1. Company overview
5.3.15.2. Financial performance
5.3.15.3. Product benchmarking
5.3.15.4. Strategic initiatives
List of Tables TABLE 1 North America geriatric population (Over 60 Years) (Million) (2016 - 2027) TABLE 2 Comparative analysis: Yearly pay in the U.S., by profession (USD/year) List of Figures FIG. 1 Market research process FIG. 2 Data triangulation techniques FIG. 3 Primary research pattern FIG. 4 Primary interviews in North America FIG. 5 Market research approaches FIG. 6 Value-chain-based sizing & forecasting FIG. 7 QFD modeling for market share assessment FIG. 8 Market formulation & validation FIG. 9 U.S. Durable Medical Equipment Market :Product Type Market Outlook FIG. 10 U.S. Durable Medical Equipment Market Competitive Insights FIG. 11 Parent market outlook FIG. 12 Related/ancillary market outlook FIG. 13 Penetration and growth prospect mapping FIG. 14 Industry value chain analysis FIG. 15 U.S. Durable Medical Equipment Market Driver Impact FIG. 16 U.S. Durable Medical Equipment Market Restraint Impact FIG. 17 U.S. Durable Medical Equipment Market Strategic Initiatives Analysis FIG. 18 U.S. Durable Medical Equipment Market: Product Type Movement Analysis FIG. 19 U.S. Durable Medical Equipment Market: Product Type outlook and key takeaways FIG. 20 Personal Mobility Devices market estimates and forecast, 2016 - 2027 FIG. 21 Bathroom Safety Devices and Medical Furniture market estimates and forecast, 2016 - 2027 FIG. 22 Monitoring and Therapeutic Devices market estimates and forecast, 2016 - 2027
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