Durable Medical Equipment (DME) is defined as any device that serves a medical purpose, can be used repeatedly, can be used in homes, and has little function for a healthy person. The global DME market was valued at nearly $141 billion in 2015, according to Grand View Research, and is estimated to be worth more than $242 billion by 2024. Though it represents a small portion of overall health spending, reaching only two percent in 2015 according to CMS, DME remains an important business for many medical device manufacturers and a critical element of patient care.
Oxygen delivery systems dominated both lists for the second year running. Oxygen concentrators, which ranked first by charges and second by claims, increase the amount of oxygen a patient inhales. The systems are used to treat lung conditions like chronic obstructive pulmonary disease (COPS) and emphysema, as well as breathlessness in certain patients. Breathing aides and related devices are among the most commonly used DMEs, hence their heavy presence on both the claims and charges lists.
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