Medical Equipment Rental Global Market Report 2024

Global Medical Equipment Rental Market Report 2024

Medical Equipment Rental Global Market Report 2024 – By Type (Personal Or Home Care Equipment, Electronic Or Digital Equipment, Surgical Equipment, Durable Medical Equipment, Long Term Care, Acute Care, Emergency And Trauma, Storage And Transport), By End-User (Hospitals, Personal Or Home Care, Institutional, Other End-Users) – Market Size, Trends, And Global Forecast 2024-2033

Name: Medical Equipment Rental Global Market Report 2024
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Medical Equipment Rental Global Market Report 2024

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Medical Equipment Rental Global Market Report 2024

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Medical Equipment Rental Market Definition

Medical equipment rental refers to the service of providing assets like infusion pumps and other medical equipment on a rental basis to lenders such as hospitals, clinics, and other healthcare partners. It allows the customer to choose which store to visit, browse through the store, and place an order for the required medical equipment.

The main types of equipment included in medical equipment rental are personal or home care equipment, electronic or digital equipment, surgical equipment, durable medical equipment, long-term care, acute care, emergency and trauma care, and storage and transport. Personal home care equipment refers to medical equipment to assist seniors and other individuals who need assistance with their activities of daily life, such as bathing, moving around, using the toilet, eating, and walking. These are used by several end-users, such as hospitals, personal or home care, institutional care, and others.

Medical Equipment Rental Market Segmentation

The medical equipment rental market covered in this report is segmented –

1) By Type: Personal Or Home Care Equipment, Electronic Or Digital Equipment, Surgical Equipment, Durable Medical Equipment, Long Term Care, Acute Care, Emergency And Trauma, Storage And Transport

2) By End-User: Hospitals, Personal Or Home Care, Institutional, Other End-Users

Global Medical Equipment Rental Market Size 2023 to 2028: Graph

Medical Equipment Rental Market Size 2024 And Growth Rate

The medical equipment rental market size has grown strongly in recent years. It will grow from $58.83 billion in 2023 to $61.84 billion in 2024 at a compound annual growth rate (CAGR) of 5.1%. The growth in the historic period can be attributed to cost containment, regulatory compliance, flexibility and scalability, focus on core competencies, emerging markets.

Medical Equipment Rental Market Growth Forecast

The medical equipment rental market size is expected to see strong growth in the next few years. It will grow to $76.9 billion in 2028 at a compound annual growth rate (CAGR) of 5.6%. The growth in the forecast period can be attributed to rising healthcare costs, demand for short-term solutions, adherence to stringent regulations, agility in healthcare management, global expansion. Major trends in the forecast period include increasing demand for cost-effective solutions, technological advancements driving rentals, rise of home healthcare services, flexibility and scalability needs, focus on sustainable practices.

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Medical Equipment Rental Market Driver: Expanding Healthcare Infrastructure Fuels Surge In Medical Equipment Rental Industry

The rise in the number of hospitals, diagnostic laboratories, and surgery centers is expected to propel the growth of medical equipment rental going forward. To deliver high-quality healthcare services, these facilities need a variety of medical equipment, but they might not have the funds to buy such equipment altogether. Medical equipment rental companies provide access to a variety of equipment on a short- or long-term basis, offering cost-effective alternatives. For instance, in March 2023, according to the United States Census Bureau, a US-based principal agency of the U.S. Federal Statistical System, the revenue of United States medical and diagnostic laboratories increased from $12.41 billion in Q2 2020 to $16.93 billion in Q2 2021. Furthermore, in August 2022, according to the Centers for Medicare and Medicaid Services (CMS), a US-based federal agency under the United States Department of Health and Human Services, the number of certified clinical laboratories in the United States increased by about 13 percent, from 2,86,396 in 2020 to 3,23,086 in 2021. The rise in the number of hospitals, diagnostic laboratories, and surgery centers is driving the growth of the medical equipment rental market.

Medical Equipment Rental Market Driver: Surging Demand For At-Home Testing Accelerates Growth In The Medical Equipment Rental Market

The increasing demand for at-home testing is expected to propel the growth of the medical equipment rental market going forward. At-home testing refers to collecting samples from your body and testing them for various medical conditions or substances using kits or devices available over the counter or online. Medical equipment rental has become increasingly popular for at-home testing as it expands access to specialized equipment that might not be readily available or affordable. For instance, in December 2022, according to a survey of 200 supply chain professionals by R.R. Donnelley, a US-based integrated communications company, around 21% of consumers feel convenient in at-home testing, and 25% of customers are in demand for at-home testing. Therefore, the increasing demand for at-home testing is driving the growth of the medical equipment rental market.

Global Medical Equipment Rental Market Major Players

Major companies operating in the medical equipment rental market report are Hill-Rom Holdings Inc., Siemens Financial Service Inc., Nunn's home Medical Equipment, Westside Medical Supply, Universal Hospital Services Inc., Woodley Equipment Company Ltd., Apria Healthcare Group Inc., Centric Health Corporation, AGITO Medical A/S, US Med-Equip Inc., Walgreen Co., General Electric, Huron Consulting Group Inc., China Huarong Financial Leasing Co. Ltd., Meridian Group International, Mizuho Leasing Company Limited, Stryker Corporation, Agiliti Inc., Avante Health Solutions, United Rentals Inc., Block Imaging, Jamie's Medical Imaging, PrizMED Imaging, Radiology Oncology Systems Inc., National Diagnostic Imaging, Providian Medical Equipment Inc., Future Health Concepts Inc., Direct Medical Imaging LLC, Multi Imager Service Inc.

Global Medical Equipment Rental Market Trend: Innovative Technological Advancements Transforming The Landscape Of Medical Equipment Rental

Technological advancements are a key trend gaining popularity in the medical equipment rental market. Major companies operating in the medical equipment rental market are focused on developing new solutions to sustain their position in the market. For instance, in May 2022, US Med-Equip, a US-based provider of medical equipment rentals and hospital equipment rentals, launched the GoUSME App, an online portal and iOS and Android app. It is uniquely designed to help front-line clinicians order and manage rented medical equipment from US Med-Equip with the click of a button. It is an open system that employs passive RFID technology to identify and pinpoint mobile medical equipment that is owned and rented by healthcare providers. The RFID reader scans help hospitals locate RFID-tagged equipment to conduct preventative maintenance.

Global Medical Equipment Rental Market Trend: Stimulation-Based Rental Programs In The Medical Equipment Market

Major companies operating in the medical equipment rental market are focused on developing innovative rental programs, such as motion-activated stimulation (MAS) technology, to gain a competitive edge in the market. Motion-activated stimulation (MAS) technology is a cutting-edge approach that combines electrical muscle stimulation (EMS) with motion detection. For instance, in February 2023, Alyve Medical Inc., a US-based medical technology company, launched the Neuralign S @Home device. It offers a rental program for the @Home device, making it more affordable and accessible for a wider range of patients. This eliminates the upfront cost of purchasing the device, allowing patients to try it out and see if it's right for them. @Home version allows patients to continue their treatment independently, maximizing their recovery time and convenience.

Medical Equipment Rental Market Merger And Acquisition: Us Med-Equip Bolsters Presence Through Acquisition Of Freedom Medical

In August 2022, US Med-Equip, a US-based service provider of rented medical equipment, acquired Freedom Medical for an undisclosed amount. Through this acquisition, US Med-Equip expands in terms of locations and workforce to meet the growing demand for equipment and service needs of hospitals and other healthcare entities. Freedom Medical is a US-based company that provides rental medical equipment services to help improve patient outcomes.

Regional Analysis For The Global Medical Equipment Rental Market

North America was the largest region in the medical equipment rental market in 2023. The regions covered in the medical equipment rental market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa

The countries covered in the medical equipment rental market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Canada, Italy, Spain

The medical equipment rental market includes revenues earned by companies by automating inventory management, offering flexible rental prices, and streamlining payment processing. The market value includes the value of related goods sold by the service provider or included within the service offering. Only goods and services traded between entities or sold to end consumers are included.

The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD unless otherwise specified).

The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.

The medical equipment rental market research report is one of a series of new reports from The Business Research Company that provides medical equipment rental market statistics, including medical equipment rental industry global market size, regional shares, competitors with a medical equipment rental market share, detailed medical equipment rental market segments, market trends and opportunities, and any further data you may need to thrive in the medical equipment rental industry. This medical equipment rental market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.

Medical Equipment Rental Market Report Forecast And Analysis

Report Attribute	Details
Market Size Value In 2024	$61.84 billion
Revenue Forecast In 2033	$76.9 billion
Growth Rate	CAGR of 5.6% from 2024 to 2033
Base Year For Estimation	2023
Actual Estimates/Historical Data	2018-2023
Forecast Period	2024 - 2028 - 2033
Market Representation	Revenue in USD Billion and CAGR from 2024 to 2033
Segments Covered	1) By Type: Personal Or Home Care Equipment, Electronic Or Digital Equipment, Surgical Equipment, Durable Medical Equipment, Long Term Care, Acute Care, Emergency And Trauma, Storage And Transport 2) By End-User: Hospitals, Personal Or Home Care, Institutional, Other End-Users
Regional Scope	Asia-Pacific; Western Europe; Eastern Europe; North America; South America; Middle East; Africa
Country Scope	The countries covered in the report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Canada, Italy, Spain. Additional countries that can be covered in the report for an additional fee: Bangladesh, Thailand, Vietnam, Malaysia, Singapore, Philippines, Hong Kong, New Zealand, Mexico, Chile, Argentina, Colombia, Peru, Austria, Belgium, Denmark, Finland, Ireland, Netherlands, Norway, Portugal, Sweden, Switzerland, Czech Republic, Poland, Romania, Ukraine, Saudi Arabia, Israel, Iran, Turkey, UAE, Egypt, Nigeria, South Africa.
Key Companies Profiled	Hill-Rom Holdings Inc.; Siemens Financial Service Inc.; Nunn's home Medical Equipment; Westside Medical Supply; Universal Hospital Services Inc.; Woodley Equipment Company Ltd.; Apria Healthcare Group Inc.; Centric Health Corporation; AGITO Medical A/S; US Med-Equip Inc.; Walgreen Co.; General Electric; Huron Consulting Group Inc.; China Huarong Financial Leasing Co. Ltd.; Meridian Group International; Mizuho Leasing Company Limited; Stryker Corporation; Agiliti Inc.; Avante Health Solutions; United Rentals Inc.; Block Imaging; Jamie's Medical Imaging; PrizMED Imaging; Radiology Oncology Systems Inc.; National Diagnostic Imaging; Providian Medical Equipment Inc.; Future Health Concepts Inc.; Direct Medical Imaging LLC; Multi Imager Service Inc.
Customization Scope	Request for Sample
Pricing And Purchase Options	Explore Purchase Options

1. Executive Summary

2. Medical Equipment Rental Market Characteristics

3. Medical Equipment Rental Market Trends And Strategies

4. Medical Equipment Rental Market - Macro Economic Scenario

4.1. Impact Of High Inflation On the Market

4.2. Ukraine-Russia War Impact On the Market

4.3. COVID-19 Impact On the Market

5. Global Medical Equipment Rental Market Size and Growth

5.1. Global Medical Equipment Rental Market Drivers and Restraints

5.1.1. Drivers Of The Market

5.1.2. Restraints Of The Market

5.2. Global Medical Equipment Rental Historic Market Size and Growth, 2018 - 2023, Value ($ Billion)

5.3. Global Medical Equipment Rental Forecast Market Size and Growth, 2023 - 2028, 2033F, Value ($ Billion)

6. Medical Equipment Rental Market Segmentation

6.1. Global Medical Equipment Rental Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Personal Or Home Care Equipment

Electronic Or Digital Equipment

Surgical Equipment

Durable Medical Equipment

Long Term Care

Acute Care

Emergency And Trauma

Storage And Transport

6.2. Global Medical Equipment Rental Market, Segmentation By End-User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Hospitals

Personal Or Home Care

Institutional

Other End-Users

7. Medical Equipment Rental Market Regional And Country Analysis

7.1. Global Medical Equipment Rental Market, Split By Region, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

7.2. Global Medical Equipment Rental Market, Split By Country, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

8. Asia-Pacific Medical Equipment Rental Market

8.1. Asia-Pacific Medical Equipment Rental Market Overview

Region Information, Impact Of COVID-19, Market Information, Background Information, Government Initiatives, Regulations, Regulatory Bodies, Major Associations, Taxes Levied, Corporate Tax Structure, Investments, Major Companies

8.2. Asia-Pacific Medical Equipment Rental Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

8.3. Asia-Pacific Medical Equipment Rental Market, Segmentation By End-User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

9. China Medical Equipment Rental Market

9.1. China Medical Equipment Rental Market Overview

9.2. China Medical Equipment Rental Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F,$ Billion

9.3. China Medical Equipment Rental Market, Segmentation By End-User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F,$ Billion

10. India Medical Equipment Rental Market

10.1. India Medical Equipment Rental Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

10.2. India Medical Equipment Rental Market, Segmentation By End-User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

11. Japan Medical Equipment Rental Market

11.1. Japan Medical Equipment Rental Market Overview

11.2. Japan Medical Equipment Rental Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

11.3. Japan Medical Equipment Rental Market, Segmentation By End-User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

12. Australia Medical Equipment Rental Market

12.1. Australia Medical Equipment Rental Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

12.2. Australia Medical Equipment Rental Market, Segmentation By End-User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

13. Indonesia Medical Equipment Rental Market

13.1. Indonesia Medical Equipment Rental Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

13.2. Indonesia Medical Equipment Rental Market, Segmentation By End-User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

14. South Korea Medical Equipment Rental Market

14.1. South Korea Medical Equipment Rental Market Overview

14.2. South Korea Medical Equipment Rental Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

14.3. South Korea Medical Equipment Rental Market, Segmentation By End-User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

15. Western Europe Medical Equipment Rental Market

15.1. Western Europe Medical Equipment Rental Market Overview

15.2. Western Europe Medical Equipment Rental Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

15.3. Western Europe Medical Equipment Rental Market, Segmentation By End-User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

16. UK Medical Equipment Rental Market

16.1. UK Medical Equipment Rental Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

16.2. UK Medical Equipment Rental Market, Segmentation By End-User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

17. Germany Medical Equipment Rental Market

17.1. Germany Medical Equipment Rental Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

17.2. Germany Medical Equipment Rental Market, Segmentation By End-User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

18. France Medical Equipment Rental Market

18.4. France Medical Equipment Rental Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

18.5. France Medical Equipment Rental Market, Segmentation By End-User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

19. Italy Medical Equipment Rental Market

19.7. Italy Medical Equipment Rental Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

19.8. Italy Medical Equipment Rental Market, Segmentation By End-User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

20. Spain Medical Equipment Rental Market

20.10. Spain Medical Equipment Rental Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

20.11. Spain Medical Equipment Rental Market, Segmentation By End-User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

21. Eastern Europe Medical Equipment Rental Market

21.1. Eastern Europe Medical Equipment Rental Market Overview

21.2. Eastern Europe Medical Equipment Rental Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

21.3. Eastern Europe Medical Equipment Rental Market, Segmentation By End-User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

22. Russia Medical Equipment Rental Market

22.1. Russia Medical Equipment Rental Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

22.2. Russia Medical Equipment Rental Market, Segmentation By End-User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

23. North America Medical Equipment Rental Market

23.1. North America Medical Equipment Rental Market Overview

23.2. North America Medical Equipment Rental Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

23.3. North America Medical Equipment Rental Market, Segmentation By End-User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

24. USA Medical Equipment Rental Market

24.1. USA Medical Equipment Rental Market Overview

24.2. USA Medical Equipment Rental Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

24.3. USA Medical Equipment Rental Market, Segmentation By End-User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

25. Canada Medical Equipment Rental Market

25.1. Canada Medical Equipment Rental Market Overview

25.2. Canada Medical Equipment Rental Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

25.3. Canada Medical Equipment Rental Market, Segmentation By End-User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

26. South America Medical Equipment Rental Market

26.1. South America Medical Equipment Rental Market Overview

26.2. South America Medical Equipment Rental Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

26.3. South America Medical Equipment Rental Market, Segmentation By End-User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

27. Brazil Medical Equipment Rental Market

27.1. Brazil Medical Equipment Rental Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

27.2. Brazil Medical Equipment Rental Market, Segmentation By End-User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

28. Middle East Medical Equipment Rental Market

28.1. Middle East Medical Equipment Rental Market Overview

28.2. Middle East Medical Equipment Rental Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

28.3. Middle East Medical Equipment Rental Market, Segmentation By End-User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

29. Africa Medical Equipment Rental Market

29.1. Africa Medical Equipment Rental Market Overview

29.2. Africa Medical Equipment Rental Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

29.3. Africa Medical Equipment Rental Market, Segmentation By End-User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

30. Medical Equipment Rental Market Competitive Landscape And Company Profiles

30.1. Medical Equipment Rental Market Competitive Landscape

30.2. Medical Equipment Rental Market Company Profiles

30.2.1. Hill-Rom Holdings Inc.

30.2.1.1. Overview

30.2.1.2. Products and Services

30.2.1.3. Strategy

30.2.1.4. Financial Performance

30.2.2. Siemens Financial Service Inc.

30.2.2.1. Overview

30.2.2.2. Products and Services

30.2.2.3. Strategy

30.2.2.4. Financial Performance

30.2.3. Nunn's home Medical Equipment

30.2.3.1. Overview

30.2.3.2. Products and Services

30.2.3.3. Strategy

30.2.3.4. Financial Performance

30.2.4. Westside Medical Supply

30.2.4.1. Overview

30.2.4.2. Products and Services

30.2.4.3. Strategy

30.2.4.4. Financial Performance

30.2.5. Universal Hospital Services Inc.

30.2.5.1. Overview

30.2.5.2. Products and Services

30.2.5.3. Strategy

30.2.5.4. Financial Performance

31. Global Medical Equipment Rental Market Competitive Benchmarking

32. Global Medical Equipment Rental Market Competitive Dashboard

33. Key Mergers And Acquisitions In The Medical Equipment Rental Market

34. Medical Equipment Rental Market Future Outlook and Potential Analysis

34.1 Medical Equipment Rental Market In 2028 - Countries Offering Most New Opportunities

34.2 Medical Equipment Rental Market In 2028 - Segments Offering Most New Opportunities

34.3 Medical Equipment Rental Market In 2028 - Growth Strategies

34.3.1 Market Trend Based Strategies

34.3.2 Competitor Strategies

35. Appendix

35.1. Abbreviations

35.2. Currencies

35.3. Historic And Forecast Inflation Rates

35.4. Research Inquiries

35.5. The Business Research Company

35.6. Copyright And Disclaimer

List Of Tables

Table 1: Global Historic Market Growth, 2018-2023, $ Billion

Table 2: Global Forecast Market Growth, 2023-2028F, 2033F, $ Billion

Table 3: Global Medical Equipment Rental Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 4: Global Medical Equipment Rental Market, Segmentation By End-User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 5: Global Medical Equipment Rental Market, Split By Region, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 6: Global Medical Equipment Rental Market, Split By Country, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 7: Asia-Pacific, Medical Equipment Rental Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 8: Asia-Pacific, Medical Equipment Rental Market, Segmentation By End-User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 9: China, Medical Equipment Rental Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 10: China, Medical Equipment Rental Market, Segmentation By End-User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 11: India, Medical Equipment Rental Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 12: India, Medical Equipment Rental Market, Segmentation By End-User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 13: Japan, Medical Equipment Rental Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 14: Japan, Medical Equipment Rental Market, Segmentation By End-User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 15: Australia, Medical Equipment Rental Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 16: Australia, Medical Equipment Rental Market, Segmentation By End-User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 17: Indonesia, Medical Equipment Rental Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 18: Indonesia, Medical Equipment Rental Market, Segmentation By End-User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 19: South Korea, Medical Equipment Rental Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 20: South Korea, Medical Equipment Rental Market, Segmentation By End-User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 21: Western Europe, Medical Equipment Rental Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 22: Western Europe, Medical Equipment Rental Market, Segmentation By End-User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 23: UK, Medical Equipment Rental Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 24: UK, Medical Equipment Rental Market, Segmentation By End-User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 25: Germany, Medical Equipment Rental Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 26: Germany, Medical Equipment Rental Market, Segmentation By End-User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 27: France, Medical Equipment Rental Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 28: France, Medical Equipment Rental Market, Segmentation By End-User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 29: Italy, Medical Equipment Rental Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 30: Italy, Medical Equipment Rental Market, Segmentation By End-User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 31: Spain, Medical Equipment Rental Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 32: Spain, Medical Equipment Rental Market, Segmentation By End-User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 33: Eastern Europe, Medical Equipment Rental Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 34: Eastern Europe, Medical Equipment Rental Market, Segmentation By End-User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 35: Russia, Medical Equipment Rental Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 36: Russia, Medical Equipment Rental Market, Segmentation By End-User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 37: North America, Medical Equipment Rental Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 38: North America, Medical Equipment Rental Market, Segmentation By End-User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 39: USA, Medical Equipment Rental Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 40: USA, Medical Equipment Rental Market, Segmentation By End-User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 41: Canada, Medical Equipment Rental Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 42: Canada, Medical Equipment Rental Market, Segmentation By End-User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 43: South America, Medical Equipment Rental Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 44: South America, Medical Equipment Rental Market, Segmentation By End-User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 45: Brazil, Medical Equipment Rental Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 46: Brazil, Medical Equipment Rental Market, Segmentation By End-User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 47: Middle East, Medical Equipment Rental Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 48: Middle East, Medical Equipment Rental Market, Segmentation By End-User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 49: Africa, Medical Equipment Rental Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 50: Africa, Medical Equipment Rental Market, Segmentation By End-User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 51: Hill-Rom Holdings Inc. Financial Performance

Table 52: Siemens Financial Service Inc. Financial Performance

Table 53: Nunn's home Medical Equipment Financial Performance

Table 54: Westside Medical Supply Financial Performance

Table 55: Universal Hospital Services Inc. Financial Performance

List Of Figures

Figure 1: Global Historic Market Growth, 2018-2023, $ Billion

Figure 2: Global Forecast Market Growth, 2023-2028F, 2033F, $ Billion

Figure 3: Global Medical Equipment Rental Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 4: Global Medical Equipment Rental Market, Segmentation By End-User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 5: Global Medical Equipment Rental Market, Split By Region, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 6: Global Medical Equipment Rental Market, Split By Country, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 7: Asia-Pacific, Medical Equipment Rental Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 8: Asia-Pacific, Medical Equipment Rental Market, Segmentation By End-User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 9: China, Medical Equipment Rental Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 10: China, Medical Equipment Rental Market, Segmentation By End-User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 11: India, Medical Equipment Rental Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 12: India, Medical Equipment Rental Market, Segmentation By End-User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 13: Japan, Medical Equipment Rental Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 14: Japan, Medical Equipment Rental Market, Segmentation By End-User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 15: Australia, Medical Equipment Rental Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 16: Australia, Medical Equipment Rental Market, Segmentation By End-User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 17: Indonesia, Medical Equipment Rental Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 18: Indonesia, Medical Equipment Rental Market, Segmentation By End-User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 19: South Korea, Medical Equipment Rental Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 20: South Korea, Medical Equipment Rental Market, Segmentation By End-User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 21: Western Europe, Medical Equipment Rental Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 22: Western Europe, Medical Equipment Rental Market, Segmentation By End-User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 23: UK, Medical Equipment Rental Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 24: UK, Medical Equipment Rental Market, Segmentation By End-User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 25: Germany, Medical Equipment Rental Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 26: Germany, Medical Equipment Rental Market, Segmentation By End-User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 27: France, Medical Equipment Rental Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 28: France, Medical Equipment Rental Market, Segmentation By End-User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 29: Italy, Medical Equipment Rental Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 30: Italy, Medical Equipment Rental Market, Segmentation By End-User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 31: Spain, Medical Equipment Rental Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 32: Spain, Medical Equipment Rental Market, Segmentation By End-User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 33: Eastern Europe, Medical Equipment Rental Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 34: Eastern Europe, Medical Equipment Rental Market, Segmentation By End-User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 35: Russia, Medical Equipment Rental Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 36: Russia, Medical Equipment Rental Market, Segmentation By End-User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 37: North America, Medical Equipment Rental Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 38: North America, Medical Equipment Rental Market, Segmentation By End-User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 39: USA, Medical Equipment Rental Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 40: USA, Medical Equipment Rental Market, Segmentation By End-User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 41: Canada, Medical Equipment Rental Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 42: Canada, Medical Equipment Rental Market, Segmentation By End-User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 43: South America, Medical Equipment Rental Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 44: South America, Medical Equipment Rental Market, Segmentation By End-User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 45: Brazil, Medical Equipment Rental Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 46: Brazil, Medical Equipment Rental Market, Segmentation By End-User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 47: Middle East, Medical Equipment Rental Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 48: Middle East, Medical Equipment Rental Market, Segmentation By End-User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 49: Africa, Medical Equipment Rental Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 50: Africa, Medical Equipment Rental Market, Segmentation By End-User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 51: Hill-Rom Holdings Inc. Financial Performance

Figure 52: Siemens Financial Service Inc. Financial Performance

Figure 53: Nunn's home Medical Equipment Financial Performance

Figure 54: Westside Medical Supply Financial Performance

Figure 55: Universal Hospital Services Inc. Financial Performance

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Frequently Asked Questions

What is the definition of the medical equipment rental market?

How will the medical equipment rental market drivers and restraints affect the medical equipment rental market dynamics? What forces will shape the medical equipment rental industry going forward?

The medical equipment rental market major growth driver - expanding healthcare infrastructure fuels surge in medical equipment rental industry. For further insights on the medical equipment rental market, request a sample here

What is the forecast market size or the forecast market value of the medical equipment rental market ?

The medical equipment rental market size has grown strongly in recent years. It will grow from $58.83 billion in 2023 to $61.84 billion in 2024 at a compound annual growth rate (CAGR) of 5.1%. The growth in the historic period can be attributed to cost containment, regulatory compliance, flexibility and scalability, focus on core competencies, emerging markets. The medical equipment rental market size is expected to see strong growth in the next few years. It will grow to $76.9 billion in 2028 at a compound annual growth rate (CAGR) of 5.6%. The growth in the forecast period can be attributed to rising healthcare costs, demand for short-term solutions, adherence to stringent regulations, agility in healthcare management, global expansion. Major trends in the forecast period include increasing demand for cost-effective solutions, technological advancements driving rentals, rise of home healthcare services, flexibility and scalability needs, focus on sustainable practices. For further insights on the medical equipment rental market, request a sample here

How is the medical equipment rental market segmented?

The medical equipment rental market is segmented
1) By Type: Personal Or Home Care Equipment, Electronic Or Digital Equipment, Surgical Equipment, Durable Medical Equipment, Long Term Care, Acute Care, Emergency And Trauma, Storage And Transport
2) By End-User: Hospitals, Personal Or Home Care, Institutional, Other End-UsersFor further insights on the medical equipment rental market, request a sample here

Which region has the largest share of the medical equipment rental market? What are the other regions covered in the report?

North America was the largest region in the medical equipment rental market in 2023. The regions covered in the medical equipment rental market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa For further insights on the medical equipment rental market, request a sample here.

Who are the major players in the medical equipment rental market?

What are the key trends in the medical equipment rental market?

Major trend in the medical equipment rental market - innovative technological advancements transforming the landscape of medical equipment rental. For further insights on the medical equipment rental market, request a sample here.

What are the major opportunities in the medical equipment rental market? What are the strategies for the medical equipment rental market?

For detailed insights on the major opportunities and strategies in the medical equipment rental market, request a sample here.

How does the medical equipment rental market relate to the overall economy and other similar markets?

For detailed insights on medical equipment rental market's relation to the overall economy and other similar markets, request a sample here.

What are the latest mergers and acquisitions in the medical equipment rental industry?

For detailed insights on the mergers and acquisitions in the medical equipment rental industry, request a sample here.

What are the key dynamics influencing the medical equipment rental market growth? SWOT analysis of the medical equipment rental market.

For detailed insights on the key dynamics influencing the medical equipment rental market growth and SWOT analysis of the medical equipment rental industry, request a sample here.