The US home medical equipment market is anticipated to grow at a considerable CAGR of 5.4% during the forecast period (2020-2026). The high incidences of chronic diseases and the high number of geriatric populations is the major factor influencing the US home medical equipment industry. Blood pressure and diabetes are among the most common disease in the country and the equipment used in such conditions as BP and diabetes monitors have experienced a significant increase in sales in the last decade.
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According to the US Center for Disease Control and Prevention (CDC), nearly half of adults in the US (108 million, or 45%) have hypertension defined as a systolic blood pressure ? 130 mm Hg or a diastolic blood pressure ? 80 mm Hg. Similarly, according to the US Nation Diabetes Statistics Report 2020 by CDC, newly diagnosed cases of type 1 and type 2 diabetes have significantly increased among the youth of the country.
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Moreover, the development of technologies and changing lifestyles is also driving the adoption of home medical equipment instead of long hospital stays. Furthermore, the strong presence of players in the country such as Abbott Laboratories, GF Health Products, Inc., Hill-Rom Holdings, Inc., Invacare Corp., Rotech Healthcare Inc., and Cardinal Health Inc. among others are also significantly impacting the US medical equipment market.
Market Coverage
- The market number available for – 2019-2026
- Base year- 2019
- Forecast period- 2020-2026
- Segment Covered-
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