According to the research report titled ‘U.S. Durable Medical Equipment Market Share, Size, Trends, Industry Analysis Report, By Product; By End User: Segment Forecast, 2020 - 2026’, available with Market Study Report, U.S. durable medical equipment industry is expected to register a healthy growth rate over 2020-2026, subsequently amassing USD 76.32 billion by the end of the forecast period.
 

As per the findings of the report, U.S. durable medical equipment market growth is largely driven by booming aging population, and subsequent rise in the demand for assisted care and home healthcare. In fact, there are currently over 40 million individuals in the nation aged 65 years and above, which will likely double by 2050.
 

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Furthermore, rising burden of chronic diseases, ongoing technological advancements, and increasing government initiatives to develop healthcare are the other major growth propellers of U.S. durable medical equipment industry. Moreover, growing focus among medical device manufacturers towards developing better equipment in terms of durability and reliability, so as to improve quality of life among patients, is positively impacting the industry outlook.
 

Speaking of the restraints, failure to meet the desired performance is hindering the adoption of DME among healthcare professionals. While transferring obese patients, this equipment are more likely to break due to wear and tear, leaving the patient at greater risk to severe accidents and injuries. Moreover, as DME are primarily utilized in home healthcare setting wherein the remuneration for health & personal aides are considerably lower other personal care & service workers. This is further restraining global durable medical equipment market expansion. However, decreased cost to patients facilitated by several government initiatives and insurance coverage will likely boost the industry growth in the coming years.
 

Based product terrain, global durable medical equipment market is categorized into personal mobility devices, monitoring and therapeutic devices, and bathroom safety devices and medical furniture.
 

Considering the end-user spectrum, the industry is divided into specialty clinics, hospitals, diagnostic centers, ambulatory surgical centers, home healthcare, and others.
 

Top contenders in U.S. durable medical equipment market are Carex Health Brands, Inc., Medical Device Depot, Inc., GF Health Products, Inc., Medline Industries, Inc., Hill-Rom Services, Inc., Stryker Corp., ArjoHuntleigh, Invacare Corp., and Sunrise Medical, Inc.