8/12/2025, 2:43:40 PM | finance.yahoo.com | news
US Durable Medical Equipment Market Forecast and Competitive Landscape Report 2025-2033 | Invacare, NOVA, Inogen, Thermo Fisher Scientific, Abbott, Medtronic, Baxter, B. Braun, Boston Scientific, BD
The United States Durable Medical Equipment (DME) market is projected to grow at a compound annual growth rate (CAGR) of 5.03% from 2025 to 2033, reaching $97.10 billion by 2033. Growth is driven by an aging population, rising chronic disease prevalence, and increased demand for home healthcare. Key segments include personal mobility devices (such as wheelchairs, scooters, walkers) and monitoring/therapeutic equipment (like glucose monitors, oxygen devices, and nebulizers). Major players include Invacare, Abbott, Medtronic, Inogen, Thermo Fisher Scientific, Baxter, B. Braun, Boston Scientific, and BD. California and New York are highlighted as key markets due to demographic trends and healthcare infrastructure. Technological advances such as smart devices, telehealth integration, and portable medical solutions are enhancing patient independence and therapy outcomes. However, high equipment costs, complex reimbursement processes, and strict regulatory compliance with FDA, CMS, and state agencies present significant challenges for manufacturers and new entrants.