The global medical equipment rental market was valued at USD 46.9 billion in 2024 and is forecast to reach USD 69.1 billion by 2031, growing at a compound annual growth rate of 5.0% between 2024 and 2031. The global medical equipment rental market is experiencing strong growth due to the increasing burden of chronic diseases and rising demand for advanced medical equipment across the world.
The latest market report from CMI entitled “Global Medical Equipment Rental Market 2024, Growth Opportunities and Forecast” provides actionable insights into the medical device industry. The report offers needs analysis, industry insights, competitive intelligence, and a customer database.
The research report on the Medical Equipment Rental Market presents a complete assessment of the market through strategic insights into future trends, growth factors, supplier landscape, demand landscape, YoY growth rate, CAGR, price analysis. It also offers a lot of business matrices including Porter’s Five Forces Analysis, PESTLE Analysis, Value Chain Analysis, 4PS Analysis, Market Attractiveness Analysis, BPS Analysis, Ecosystem Analysis.
Do you think this report might be of interest to you? If so, request a sample copy of this report: www.coherentmarketinsights.com/insight…ample/5826
*Note: The sample of the report contains details about the scope and extent, table of contents, research methodology and sample framework of the report. The current report with over 150 information is available for purchase to all interested stakeholders.
Key trends
- Increasing demand due to cost efficiency:
- Healthcare facilities, especially smaller hospitals and clinics, are increasingly choosing to rent medical equipment rather than purchasing it outright. Renting is a cost-effective solution, especially for expensive and specialized equipment, and allows facilities to manage their budgets more efficiently.
- Growing need for flexibility:
- The need for flexibility in accessing the latest medical technology is driving the rental market. Renting allows healthcare providers to upgrade their equipment more frequently without having to deal with the long-term commitments and depreciation that come with purchasing.
- Increasing acceptance in home healthcare:
- The growing trend of home healthcare is contributing to the expansion of the medical equipment rental market. Patients recovering at home or treating chronic diseases prefer renting equipment such as oxygen concentrators, mobility aids, and hospital beds, making home care more affordable and convenient.
- Increasing prevalence of chronic diseases:
- The increasing prevalence of chronic diseases such as diabetes, cardiovascular disease and respiratory illnesses is driving the need for rental medical equipment. This trend is particularly pronounced in regions with aging populations where long-term care is becoming more common.
- Technological progress:
- The development of advanced medical equipment, which is expensive to purchase, is driving the rental market. Healthcare providers can access cutting-edge technology through rental agreements, allowing them to provide the best possible care without the financial burden of ownership.
Want to access more insights? The journey begins by requesting a sample: www.coherentmarketinsights.com/insight…ample/5826
*Note: The sample of the report contains details about the scope and extent, table of contents, research methodology and sample framework of the report. The current report with over 150 information is available for purchase to all interested stakeholders.
Detailed Segmentation and Classification of the Report (Market Size and Forecast – 2031, YoY Growth Rate and CAGR):
- By product: Surgical devices, durable medical equipment (DME) and storage and transport
- After end use: Personal care, home care, institutes and laboratories as well as hospitals
Below are the players analyzed in the report:
◘ US Med-Equip Inc.
◘ Hill-Rom Holdings Inc.
◘ Siemens Financial Services Inc.
◘ Nunn’s Home Medical Devices
◘ Westside Medical Supply
◘ Universal Hospital Services Inc.
◘ among others
Detailed analysis:
The report offers an in-depth qualitative and quantitative analysis of the medical equipment rental market for all Regions and countries The following points are covered below:
- • North America (USA, Canada and Mexico)
• Europe (Germany, France, Italy, United Kingdom, SCANDIVAN, Benelux, Russia and Rest of Europe)
• Asia-Pacific (Japan, South Korea, India, China, Southeast Asia and Australia)
• South America (Brazil, Argentina and rest of South America)
• Middle East and Africa (Saudi Arabia, United Arab Emirates, Israel, South Africa and rest of Middle East and Africa)
• Each country is covered in detail and the report offers qualitative and quantitative analysis of the medical equipment rental market in each country.
Get access to the latest edition of this market study (over 150 pages): www.coherentmarketinsights.com/insight…y-now/5826
The research provides answers to the following key questions:
- • What is the estimated growth rate of the market for the forecast period 2024-2031? What will be the market size during the estimated period?
• What are the driving forces responsible for the development of the medical equipment rental market during the forecast period?
• Who are the key market vendors and what successful strategies have helped them establish themselves firmly in the medical equipment rental market?
• What are the key market trends influencing the development of the medical equipment rental market in different regions?
• What are the major threats and challenges that could hinder the growth of the medical equipment rental market?
• What major opportunities can market leaders rely on to achieve success and profitability?
Does the report provide key insights that could help you make decisions on important strategic issues?
➼ A regional report analysis that highlights the consumption of products/services in a region also shows the factors influencing the market in each region.
➼ Reports provide information on opportunities and threats for suppliers in the global medical equipment and tubing rental industry.
➼ The report shows regions and sectors with the fastest growth potential.
➼ A competitive environment that includes market rankings of major companies as well as new product launches, partnerships, business expansions and acquisitions.
➼ The report offers a comprehensive company profile consisting of company overviews, company insights, product benchmarks and SWOT analysis for key market players.
➼ This report offers the current and future market outlook of the industry with respect to recent development, growth opportunities, drivers, challenges and two regional restraints encountered in advanced regions.
➼ This report offers the current and future market outlook of the industry with respect to recent development, growth opportunities, drivers, challenges and two regional restraints encountered in advanced regions.
Author of this marketing PR:
Alice Mutum is an experienced senior content editor at Coherent Market Insights, leveraging extensive expertise from her previous work as a content writer. With seven years of experience in content development, Alice masterfully leverages SEO best practices and cutting-edge digital marketing strategies to create high-ranking, impactful content.
As an editor, she carefully ensures impeccable grammar and punctuation, precise data accuracy, and perfect alignment with audience needs in each research report. Alice’s drive for excellence and strategic approach to content make her an invaluable asset in the world of market insights.
News from
Coherent market insights.Category: Industry reports and market analyses Profile: Coherent Market Insights is a global market research and consulting firm that offers syndicated market research reports, customized market research reports and consulting services. We are known for providing actionable insights and authentic reports across a wide range of sectors including aerospace and defense, agriculture, food and beverage, automotive, chemicals and materials and almost every other sector and sub-sector under the sun. We create value for our clients’ businesses by …
This email address is protected from spambots. JavaScript must be enabled to view it!
