North America Durable Medical Equipment Market on Growth Trajectory, Projected to Reach US$ 131 Billion by 2027
The North America durable medical equipment (DME) market is poised for substantial expansion, growing from US$ 75.5 billion in 2018 to US$ 131 billion by 2027, at a CAGR of 6.7%. This growth is underpinned by key drivers such as the rising prevalence of chronic diseases, a rapidly aging population, and a surge in road accidents, which have heightened demand for long-term healthcare support tools.
Cardiovascular disorders remain a leading health concern in the region—Canada alone recorded 2.4 million cases of ischemic heart disease in adults aged 20 and above between 2012 and 2013. Meanwhile, respiratory illnesses like asthma and COPD continue to affect millions, with asthma impacting 2.6 million Canadians as of 2016.
The market is also being fueled by innovative product developments and strategic expansions. Notably, in 2019, Royal Philips launched DreamWisp, a new sleep apnea device that allows users to sleep in their preferred position—highlighting a shift towards comfort-oriented and user-friendly therapeutic solutions.
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The U.S. is projected to be the fastest-growing market, driven by rising cases of cardiovascular and pulmonary conditions, a growing elderly demographic, and increasing diagnoses of sleep apnea.
However, the high cost of therapeutic devices and procedures remains a challenge, potentially limiting access for some patients. Despite this, the outlook remains strong as companies continue to invest in product innovation, partnerships, and market expansion strategies to meet the region’s growing healthcare needs.
Company Profiles
- Invacare Corporation
- Medtronic
- BD
- Hillrom Services Inc
- Medical Depot, Inc
- GF HEALTH PRODUCTS, INC.
- Sunrise Medical (US) LLC
- Medline Industries, Inc.
- Koninklijke Philips N.V
- ResMed
North America Durable Medical Equipment Strategic Insights
Strategic insights for the North America Durable Medical Equipment provides data-driven analysis of the industry landscape, including current trends, key players, and regional nuances. These insights offer actionable recommendations, enabling readers to differentiate themselves from competitors by identifying untapped segments or developing unique value propositions. Leveraging data analytics, these insights help industry players anticipate the market shifts, whether investors, manufacturers, or other stakeholders. A future-oriented perspective is essential, helping stakeholders anticipate market shifts and position themselves for long-term success in this dynamic region. Ultimately, effective strategic insights empower readers to make informed decisions that drive profitability and achieve their business objectives within the market.
North America Durable Medical Equipment Regional Insights
The geographic scope of the North America Durable Medical Equipment refers to the specific areas in which a business operates and competes. Understanding local distinctions, such as diverse consumer preferences (e.g., demand for specific plug types or battery backup durations), varying economic conditions, and regulatory environments, is crucial for tailoring strategies to specific markets. Businesses can expand their reach by identifying underserved areas or adapting their offerings to meet local demands. A clear market focus allows for more effective resource allocation, targeted marketing campaigns, and better positioning against local competitors, ultimately driving growth in those targeted areas.
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