The global demand for Medical Equipment Rental Market is presumed to reach the market size of nearly USD 87.77 BN by 2030 from USD 55.49 BN in 2022 with a CAGR of 5.9% under the study period 2023 - 2030.
Medical equipment rental refers to the practice of leasing medical devices, equipment, and instruments for a specified period of time rather than purchasing them outright. This rental arrangement allows healthcare facilities, medical professionals, and patients to access the necessary medical equipment without the upfront costs associated with purchasing. It's a common practice in the healthcare industry and offers various benefits to different stakeholders.
The medical equipment rental market is driven by a combination of factors that cater to the evolving needs of healthcare organizations and patients. Cost containment is a key driver, as renting medical equipment reduces initial capital expenditure, making it financially viable for resource-constrained healthcare facilities. Rapid technological advancements push for frequent equipment upgrades, and renting provides access to the latest technology without the burden of continuous purchasing. Flexibility and scalability are essential, allowing healthcare providers to adjust equipment inventory based on changing patient demands and seasonal variations. Rental addresses short-term needs, including spikes in patient volume and special procedures, while also offering maintenance, technical support, and compliance with regulations. Furthermore, the increasing emphasis on home healthcare, risk mitigation, budget predictability, and environmental considerations contribute to the growth of the market. The COVID-19 pandemic and market competition have also fueled demand for medical equipment rental services.
The research report covers Porter’s Five Forces Model, Market Attractiveness Analysis, and Value Chain analysis. These tools help to get a clear picture of the industry’s structure and evaluate the competition attractiveness at a global level. Additionally, these tools also give an inclusive assessment of each segment in the global market of medical equipment rental. The growth and trends of medical equipment rental industry provide a holistic approach to this study.
This section of the medical equipment rental market report provides detailed data on the segments at country and regional level, thereby assisting the strategist in identifying the target demographics for the respective product or services with the upcoming opportunities.
By Product
By End-Use
This section covers the regional outlook, which accentuates current and future demand for the Medical Equipment Rental market across North America, Europe, Asia-Pacific, Latin America, and Middle East & Africa. Further, the report focuses on demand, estimation, and forecast for individual application segments across all the prominent regions.
The research report also covers the comprehensive profiles of the key players in the market and an in-depth view of the competitive landscape worldwide. The major players in the Medical Equipment Rental market include Hill-Rom Holdings, Inc., Siemens Financial Services, Inc., Nunn’s Home Medical Equipment, Westside Medical Supply, Universal Hospital Services, Inc., Woodley Equipment Company Ltd. This section consists of a holistic view of the competitive landscape that includes various strategic developments such as key mergers & acquisitions, future capacities, partnerships, financial overviews, collaborations, new product developments, new product launches, and other developments.
1 . PREFACE
1.1. Report Description
1.1.1. Objective
1.1.2. Target Audience
1.1.3. Unique Selling Proposition (USP) & offerings
1.2. Research Scope
1.3. Research Methodology
1.3.1. Market Research Process
1.3.2. Market Research Methodology
2 . EXECUTIVE SUMMARY
2.1. Highlights of Market
2.2. Global Market Snapshot
3 . MEDICAL EQUIPMENT RENTAL – INDUSTRY ANALYSIS
3.1. Introduction - Market Dynamics
3.2. Market Drivers
3.3. Market Restraints
3.4. Opportunities
3.5. Industry Trends
3.6. Porter’s Five Force Analysis
3.7. Market Attractiveness Analysis
3.7.1 Market Attractiveness Analysis By Product
3.7.2 Market Attractiveness Analysis By End-use
3.7.3 Market Attractiveness Analysis By Region
4 . VALUE CHAIN ANALYSIS
4.1. Value Chain Analysis
4.2. Raw Material Analysis
4.2.1. List of Raw Materials
4.2.2. Raw Material Manufactures List
4.2.3. Price Trend of Key Raw Materials
4.3. List of Potential Buyers
4.4. Marketing Channel
4.4.1. Direct Marketing
4.4.2. Indirect Marketing
4.4.3. Marketing Channel Development Trend
5 . GLOBAL MEDICAL EQUIPMENT RENTAL MARKET ANALYSIS BY PRODUCT
5.1 Overview by Product
5.2 Historical and Forecast Data
5.3 Analysis by Product
5.4 Surgical Equipment Historic and Forecast Sales by Regions
5.5 Durable Medical Equipment (Personal Mobility Devices, Bathroom Safety and Medical Furniture, Monitoring and Therapeutic Devices) Historic and Forecast Sales by Regions
5.6 Storage and Transport Historic and Forecast Sales by Regions
6 . GLOBAL MEDICAL EQUIPMENT RENTAL MARKET ANALYSIS BY END-USE
6.1 Overview by End-use
6.2 Historical and Forecast Data
6.3 Analysis by End-use
6.4 Personal/Homecare Historic and Forecast Sales by Regions
6.5 Institutional Historic and Forecast Sales by Regions