U.S. Home Durable Medical Equipment Market 2030: Empowering At-Home Care
The U.S. home durable medical equipment (DME) market was valued at USD 13.33 billion in 2023 and is projected to grow to USD 20.39 billion by 2030, expanding at a compound annual growth rate (CAGR) of 6.2% from 2024 to 2030. The increasing demand for home-based healthcare services and the growing elderly population are among the key factors fueling this market expansion. The country is undergoing a significant demographic shift, marked by a rising elderly population. According to the Population Reference Bureau (PRB), the number of U.S. residents aged 65 and older is expected to grow from 58 million in 2022 to 82 million by 2050. This aging segment, being more susceptible to various health conditions, is expected to contribute significantly to the demand for home DME. Additionally, the rising prevalence of chronic illnesses such as cancer, stroke, heart disease, and diabetes is a major contributor to market growth. As reported by the National Association of Chronic Diseases Director...