Medical Equipment Rental Market Size, Industry Analysis Report, Regional Outlook, Application Potential, Price Trends, Competitive Market Share & Forecast, 2020 - 2026

Report ID: GMI3061




Summary Methodology

Medical Equipment Rental Market (MERM) size is projected to experience significant growth from 2018 to 2024.
 

Increasing preference towards rental medical devices instead of procuring has been observed from the past few years in the healthcare industry. Healthcare providers across the globe are aiming towards advanced infrastructural facilities and reduction in capital cost that will foster industry growth in forthcoming years. Aforementioned factors along with short product lifecycle is also one of the contributing factors for the medical equipment rental business growth.
 

Growing need for home healthcare due to reduced hospital stays and increasing geriatric and disabled patient base will augment the demand for rental devices in upcoming years. Increasing prevalence of muscular dystrophy, and brain or skeletal disorders are leading to a rise in the pool of disabled population. The patient suffering from such chronic disorders prefer to choose rental medical devices to avoid long hospital stays thereby favoring business growth.
 

Durable medical equipment segment will witness profitable growth due to its wide applications in diagnosis and treatment of various types of disorders. The prevalence of cancer, cardiac disorders, neurological conditions and gynecological complications is increasing each year. Treatment of these disorders requires surgical intervention that increases the need for long-term care and recovery, thereby increases demand for durable medical equipment. Such increasing demand of durable medical equipment will ultimately foster the segment growth.
 

Personal/Home Care segment is anticipated to show considerable growth during the forecast period, owing to increasing patient preference to take treatment in home environment equipped with medical facilities. In addition, some patients are critically ill, it is easy for these ill patients to take treatment in home environment. High preference in homecare settings for rental equipment will augment the segment growth over analysis period.
 

U.S. medical equipment rental market will show significant industry growth due to increasing focus of industry players on providing rental medical devices at affordable price. For instance, US Med-Equip company is specializing in the rental and asset management of movable medical equipment to hospitals and home healthcare services at affordable prices that will foster U.S. medical equipment rental business growth.
 

Prominent companies of medical equipment rental market include Apria Healthcare Group, Hill-Rom Holdings, Siemens Financial Services and Stryker Corporation. The companies adopt strategic initiatives such as partnerships, collaborations, geographical expansion, new product launch for improving their market share. For instance, in October 2018, Stryker announced its acquisition of Invuity, Inc. Invuity is a leading provider of equipment for a wide variety of clinical applications including spine and orthopaedic surgery, general surgery and women's health procedures.
 

Medical Equipment Rental Market by Product, 2013-2024 (USD Million)

  • Durable Medical Equipment
    • Acute Care
    • Long-term Care
    • Emergency & Trauma Care
  • Electronic/Digital Equipment
  • Personal Mobility Devices
  • Storage and Transport Devices

Medical Equipment Rental Market by End-use, 2013-2024 (USD Million)

  • Personal/Home Care
  • Institutes and Laboratories
  • Hospitals

The above information is provided for the following regions and countries:

  • North America
    • U.S.
    • Canada
  • Europe
    • Germany
    • UK
    • France
    • Italy
    • Spain
  • Asia Pacific
    • Japan
    • China
    • India
    • Australia
  • Latin America
    • Brazil
    • Mexico
  • Middle East and Africa
    • South Africa
    • Saudi Arabia
    • UAE

Company Profiles:

  • Agito Medical
  • Apria Healthcare Group, Inc.
  • Centric Health Corporation
  • Devon Medical
  • Hill-Rom Holdings, Inc.
  • Siemens Financial Services, Inc.
  • Stryker Corporation
  • Nunn’s Home Medical Equipment
  • Westside Medical Supply
  • Universal Hospital Services, Inc.
  • Woodley Equipment Company Ltd.

What Information does this report contain?

Historical data coverage: 2015 to 2019; Growth Projections: 2020 to 2026.
Expert analysis: industry, governing, innovation and technological trends; factors impacting development; drawbacks, SWOT.
6-7 year performance forecasts: major segments covering applications, top products and geographies.
Competitive landscape reporting: market leaders and important players, competencies and capacities of these companies in terms of production as well as sustainability and prospects.


Customize this Report

Pre Book Now

Single User: $5,150 Access to only 1 person; cannot be shared; cannot be printed
Multi User: $7,150 Access for 2 to 5 users only within same department of one company
Enterprise User: $9,150 Access to a company wide audience; includes subsidiary companies or other companies within a group of companies

Need a Discount? Get in touch with us for special pricing

Request Discount

Our Market Research Reports Include:

  • Market snapshot
  • Market Segmentation
  • Value Chain Analysis
  • Growth Dynamics
  • Potential Market Opportunities
  • Regulatory Overview
  • Technology Evolution
  • Innovation & Sustainability

Connect with our sales team

GMIPulse Subscription Trial

Take a free trial of GMIPuse, our report store; designed to provide clients a range of market research services, all on a single platform.

Start Your Free Trial

Benefits of Association

Data Coverage & Quality

GMI reports provide the most comprehensive coverage of any focus industry, ensuring a holistic and deep understanding of the market, along with actionable and granular data. We also take pride in our commitment to quality and strive to ensure that our clients get their moneys worth.

Client Trust & Security

GMI maintains strict code of conduct as a business and is committed to ensure that the privacy and trust of our clients are always maintained. As an organization, we also strive to be fully compliant with privacy laws, PCI and information security guidelines.

Customer Service

Our customers rely on us to produce accurate, reliable and timely information. Service orientation is a key mission for us as an organization; our process is guided by the desire to ensure that our clients are provided the best possible solutions in optimal timeframe. GMI stands by its commitment to service, providing timely assistance in both pre-sales and post-sales support for our clients.

We use cookies to enhance your experience. By continuing to visit this site you agree to our use of cookies. More info X