NEW YORK, Nov. 29, 2021 /PRNewswire/ -- The "Durable Medical Equipment Market in US - Competitive Analysis, Drivers, Challenges and Five Force Analysis" report has been added to Technavio's offering. The durable medical equipment market in the US is set to grow by USD 19.55 billion, progressing at a CAGR of 5.83% from 2021 to 2026.
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The growth of the durable medical equipment market share in US by the monitoring and therapeutic devices segment has been significant for revenue-generating. The report provides an accurate prediction of the contribution of all the segments to the growth of the durable medical equipment market size in US.
Factors such as the growing geriatric population and the rising number of hospitals will be crucial in driving the growth of the market. However, the high cost of durable medical equipment will restrict the market growth. The durable medical equipment market in US analysis report also provides detailed information on other upcoming trends and challenges that will have a far-reaching effect on the market growth.
The durable medical equipment market in US is fragmented and the vendors are deploying various organic and inorganic growth strategies to compete in the market. Some of the companies covered in this report are Arjo AB, Cardinal Health Inc., Compass Health Brands, GF Health Products Inc., Invacare Corp., Kaye Products Inc., Medline Industries Inc., NewLeaf Health LLC, NOVA Medical Products, and Sunrise Medical LLC, etc.
Few Companies with Key Offerings
Arjo AB - The company offers a wide range of durable medical equipment and integrated solutions for VTE prevention, hygiene, pressure injury prevention, patient handling, diagnostics, disinfection, and medical beds.
Cardinal Health Inc. - The company offers a wide range of durable medical equipment such as bath accessories and safety, mobility products, and exam room equipment.
Compass Health Brands - The company offers a wide range of durable medical equipment such as bath safety, overbed tables, wheelchairs among others through its subsidiary Carex Health Brands.
The competitive scenario provided in the durable medical equipment market in US report analyzes, evaluates, and positions companies based on various performance indicators. Some of the factors considered for this analysis include the financial performance of companies over the past few years, growth strategies, product innovations, new product launches, investments, growth in market share, etc.
By Product, the market is classified into monitoring and therapeutic devices, personal mobility devices, and bathroom safety devices, and medical furniture
By End Users, the market is classified as hospitals and clinics, home healthcare, and ambulatory surgical centers.
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Durable Medical Equipment Market In US Scope
Growth momentum & CAGR
Accelerate at a CAGR of 5.83%
Market growth 2022-2026
USD 19.55 billion
YoY growth (%)
Leading companies, competitive strategies, consumer engagement scope
Arjo AB, Cardinal Health Inc., Compass Health Brands, GF Health Products Inc., Invacare Corp., Kaye Products Inc., Medline Industries Inc., NewLeaf Health LLC, NOVA Medical Products, and Sunrise Medical LLC
Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID-19 impact and future consumer dynamics, market condition analysis for the forecast period
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