Because they offer medical equipment that is used to treat patients with a range of medical ailments, DME companies are regarded as healthcare organizations. These businesses collaborate closely with medical professionals including doctors, nurses, and therapists to guarantee that patients get the necessary tools for efficiently managing their medical issues.
Medical equipment is manufactured, distributed, and maintained by the DME sector, which is a component of the healthcare sector. A variety of firms, from small businesses to major multinationals, make up the sector. Apria Healthcare, Lincare Holdings, and Rotech Healthcare are a few of the top names in the sector.
The biggest DME supplier in the US at the moment is Apria Healthcare. More than 1.8 million people are served nationwide by the business, which has been in business for more than 30 years. Equipment for respiratory therapy, home infusion therapy, and sleep apnea equipment are just a few of the medical supplies offered by Apria Healthcare.
The DME market is sizable and is anticipated to expand during the next few years. By 2027, the sector is expected to have grown by a compound yearly growth rate of 6.8% to a value of $246.6 billion. The aging of the population, the rising incidence of chronic diseases, and the rising need for home healthcare services are some of the factors contributing to the industry’s expansion.
To sum up, the DME sector is crucial to the healthcare sector because it gives patients the tools they require to manage their medical conditions and enhance their quality of life. While Apria Healthcare now leads the DME market in the US, a variety of enterprises, from startups to established multinationals, make up the sector. The aging population, rising chronic disease rates, and expanding demand for home healthcare services are all expected to fuel the DME industry’s growth in the upcoming years.