U.S. Home Durable Medical Equipment Market Size, Share, Growth, Forecast 2033

The U.S. home durable medical equipment market size was exhibited at USD 13.85 billion in 2023 and is projected to hit around USD 25.76 billion by 2033, growing at a CAGR of 6.4% during the forecast period 2024 to 2033.

The rising demand for home healthcare equipment and the growing burden of the geriatric population are major factors driving the market growth. The U.S. is witnessing a significant shift in the country’s demography with the rise in geriatric population. According to the Population Reference Bureau (PRB), the population of the U.S. aged above 65 years is expected to reach 82 million by 2050 from 58 million in 2022. This increase in the geriatric population, vulnerable to several diseases, is expected to drive market growth.

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The high prevalence of chronic diseases such as stroke, heart disease, cancer, and diabetes is further driving the demand for home durable medical equipment (DME) in the country. According to the National Association of Chronic Diseases Directors (NACDD) report on Chronic Disease Prevention in 2022, approximately 60% of all Americans have at least one chronic disease. Moreover, more than 2/3rd of all deaths in the country occur due to one or more of the five major chronic diseases. Chronic conditions such as chronic obstructive pulmonary disease (COPD), asthma, and other chronic conditions require home-durable medical equipment such as nebulizers, oxygen concentrators, inhales, wheelchairs, and many other equipment for pain relief and impact control. The high prevalence of these diseases is contributing to the market growth.

The growing emphasis of patients and healthcare professionals on home healthcare owing to more convenience, ease of treatment, and lesser treatment costs contribute to the demand for home durable medical equipment in the U.S. The country's treatment or hospital stay costs have significantly risen in recent years, making home healthcare a convenient option for patients. It eliminates the need to visit facilities, and professional assistance can be monitored and scheduled as required.

The development and adoption of advanced, portable, and durable devices is also one of the major factors contributing to the growth of home-durable medical equipment in the country. The general population's advanced healthcare infrastructure and awareness favor developing and adopting advanced home durable medical equipment. For instance, in August 2023, Inogen, Inc. introduced the Rove 6 portable oxygen concentrator in the U.S. The company claimed the battery life of the concentrator to be eight years, which makes it one of the highest battery life 6-setting portable oxygen concentrators. Launching such innovative and advanced products is expected to contribute to the growth of home durable equipment in the U.S.

U.S. Home Durable Medical Equipment Market Recent Developments

• In January 2023, QHM Holdings Inc., one of the leading companies in the home medical equipment industry, acquired the Durable Medical Equipment (DME) business of Great Elm Healthcare, LLC. This acquisition aimed to increase the company's enterprise-scale and strengthen its position as a provider of home medical equipment.
• In January 2023, BOOM HOME MEDICAL, a home medical product company, was launched in the U.S. with a mission to revolutionize the home medical equipment in the country. The company was launched with Loona, its first product that offers a solution for women with a medical condition such as nocturia that increases the urge to urinate at night.
• In October 2021, Movair announced the U.S. launch of Luisa, an advanced ventilator for portable application in invasive and non-invasive ventilation at home, hospitals, and institutions. Luisa offers eight adjustable comfort settings to provide tailored, personalized therapy to patients and offer them a mobile and active lifestyle.
• In November 2021, Intuity Medical, Inc. launched its POGO Automatic blood glucose monitoring system for diabetes patients in the U.S. This system offers users a single-step glucose monitoring experience using its ten-test cartridge technology.

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

• Compass Health Brands
• Invacare Corporation
• Rotech Healthcare Inc.
• Medline Industries, LP
• Masimo
• ResMed

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 2033. For this study, Nova one advisor, Inc. has segmented the U.S. home durable medical equipment market

Regional

• U.S.

• West
• Midwest
• Northeast
• Southwest
• Southeast

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