Medical Equipment Rental Market Size, Growth, Latest Trends and Global Forecast 2024-2032
Description
The Global Medical Equipment Rental Market Size accounted for USD 58.6 Billion in 2023 and is estimated to achieve a market size of USD 97.4 Billion by 2032 growing at a CAGR of 5.8% from 2024 to 2032.
The medical equipment rental market has emerged as a crucial component of the healthcare industry, offering an alternative solution to the high capital expenditure associated with purchasing expensive medical equipment. This market enables healthcare providers, such as hospitals, clinics, and long-term care facilities, to access advanced medical technologies on a short-term or long-term basis without the financial burden of ownership. With the continuous evolution of medical technology and rising healthcare costs, the demand for medical equipment rental has significantly increased, making it a vital part of modern healthcare systems. This abstract examines the current trends, drivers, challenges, and future prospects of the medical equipment rental market.
The market for rented medical equipment encompasses a wide range of products, including diagnostic imaging devices (MRI machines, CT scanners), surgical instruments, patient monitoring systems, and rehabilitation equipment. These devices are typically rented for a specific period, such as during the rehabilitation process, for temporary medical treatments, or when a hospital requires additional equipment to meet surges in demand. The growing complexity of medical technologies and the high costs associated with acquiring and maintaining such equipment have driven healthcare providers toward rental services as an efficient and cost-effective alternative.
Medical Equipment Rental Market Segmentation
The worldwide market for medical equipment rental is split based on product, end-user, and geography.
Medical Equipment Rental Market By Products
Surgical Equipment
Durable Medical Equipment
Personal Mobility Devices
Bathroom Safety and Medical Furniture
Monitoring and Therapeutic Devices
Storage and Transport
Medical Equipment Rental Market By End-Users
Personal/Home care
Institutional
Hospitals
Medical Equipment Rental Market Regional Outlook
North America
U.S.
Canada
Europe
U.K.
Germany
France
Spain
Rest of Europe
Asia-Pacific
India
Japan
China
Australia
South Korea
Rest of Asia-Pacific
Latin America
Brazil
Mexico
Rest of Latin America
The Middle East & Africa
South Africa
GCC Countries
Rest of the Middle East & Africa (ME&A)
Medical Equipment Rental Market Players
Some of the top medical equipment rental companies offered in our report includes Siemens Healthineers AG, GE Healthcare, Koninklijke Philips NV, Stryker Corporation, Fresenius SE & Co. KGaA, Agfa-Gevaert NV, Hill-Rom Holdings Inc., Universal Hospital Services Inc., US Med-Equip Inc., and United Rentals Inc.
Reasons to buy this Report:
Acquire strategically important competitor information, analysis and intelligence to formulate effective R&D strategies.
Recognize emerging players with a potentially strong product pipeline and create effective counter-strategies to gain competitive advantage.
Classify potential new customers or partners into the target demographic.
Develop tactical initiatives by understanding the focus areas of leading companies.
Plan mergers and acquisitions meritoriously by identifying the best manufacturer.
Formulate corrective actions for pipeline projects by understanding Radiological Information System pipeline depth.
Develop and design licensing and out-licensing strategies by identifying potential partners with the most attractive projects to enhance and expand business potential and reach.
The report will be updated with the latest data and delivered to you within 2-4 business days of ordering.
Suitable to support your internal and external presentations with reliable high quality data and analysis.
Create regional and national strategies based on local data and analysis.
The medical equipment rental market has emerged as a crucial component of the healthcare industry, offering an alternative solution to the high capital expenditure associated with purchasing expensive medical equipment. This market enables healthcare providers, such as hospitals, clinics, and long-term care facilities, to access advanced medical technologies on a short-term or long-term basis without the financial burden of ownership. With the continuous evolution of medical technology and rising healthcare costs, the demand for medical equipment rental has significantly increased, making it a vital part of modern healthcare systems. This abstract examines the current trends, drivers, challenges, and future prospects of the medical equipment rental market.
The market for rented medical equipment encompasses a wide range of products, including diagnostic imaging devices (MRI machines, CT scanners), surgical instruments, patient monitoring systems, and rehabilitation equipment. These devices are typically rented for a specific period, such as during the rehabilitation process, for temporary medical treatments, or when a hospital requires additional equipment to meet surges in demand. The growing complexity of medical technologies and the high costs associated with acquiring and maintaining such equipment have driven healthcare providers toward rental services as an efficient and cost-effective alternative.
Medical Equipment Rental Market Segmentation
The worldwide market for medical equipment rental is split based on product, end-user, and geography.
Medical Equipment Rental Market By Products
Surgical Equipment
Durable Medical Equipment
Personal Mobility Devices
Bathroom Safety and Medical Furniture
Monitoring and Therapeutic Devices
Storage and Transport
Medical Equipment Rental Market By End-Users
Personal/Home care
Institutional
Hospitals
Medical Equipment Rental Market Regional Outlook
North America
U.S.
Canada
Europe
U.K.
Germany
France
Spain
Rest of Europe
Asia-Pacific
India
Japan
China
Australia
South Korea
Rest of Asia-Pacific
Latin America
Brazil
Mexico
Rest of Latin America
The Middle East & Africa
South Africa
GCC Countries
Rest of the Middle East & Africa (ME&A)
Medical Equipment Rental Market Players
Some of the top medical equipment rental companies offered in our report includes Siemens Healthineers AG, GE Healthcare, Koninklijke Philips NV, Stryker Corporation, Fresenius SE & Co. KGaA, Agfa-Gevaert NV, Hill-Rom Holdings Inc., Universal Hospital Services Inc., US Med-Equip Inc., and United Rentals Inc.
Reasons to buy this Report:
Acquire strategically important competitor information, analysis and intelligence to formulate effective R&D strategies.
Recognize emerging players with a potentially strong product pipeline and create effective counter-strategies to gain competitive advantage.
Classify potential new customers or partners into the target demographic.
Develop tactical initiatives by understanding the focus areas of leading companies.
Plan mergers and acquisitions meritoriously by identifying the best manufacturer.
Formulate corrective actions for pipeline projects by understanding Radiological Information System pipeline depth.
Develop and design licensing and out-licensing strategies by identifying potential partners with the most attractive projects to enhance and expand business potential and reach.
The report will be updated with the latest data and delivered to you within 2-4 business days of ordering.
Suitable to support your internal and external presentations with reliable high quality data and analysis.
Create regional and national strategies based on local data and analysis.
Table of Contents
250 Pages
- CHAPTER 1. Industry Overview of Medical Equipment Rental Market
- 1.1. Definition and Scope
- 1.1.1. Definition of Medical Equipment Rental
- 1.1.2. Market Segmentation
- 1.1.3. Years Considered for the Study
- 1.1.4. Assumptions and Acronyms Used
- 1.1.4.1. Market Assumptions and Market Forecast
- 1.1.4.2. Acronyms Used in Global Medical Equipment Rental Market
- 1.2. Summary
- 1.2.1. Executive Summary
- 1.2.2. Medical Equipment Rental Market By Product
- 1.2.3. Medical Equipment Rental Market By End-User
- 1.2.4. Medical Equipment Rental Market By Region
- CHAPTER 2. Research Approach
- 2.1. Methodology
- 2.1.1. Research Programs
- 2.1.2. Market Size Estimation
- 2.1.3. Market Breakdown and Data Triangulation
- 2.2. Data Source
- 2.2.1. Secondary Sources
- 2.2.2. Primary Sources
- CHAPTER 3. Market Dynamics And Competition Analysis
- 3.1. Market Drivers
- 3.1.1. Driver 1
- 3.1.2. Driver 2
- 3.2. Restraints and Challenges
- 3.2.1. Restraint 1
- 3.2.2. Restraint 2
- 3.3. Growth Opportunities
- 3.3.1. Opportunity 1
- 3.3.2. Opportunity 2
- 3.4. Porter’s Five Forces Analysis
- 3.4.1. Bargaining Power of Suppliers
- 3.4.2. Bargaining Power of Buyers
- 3.4.3. Threat of Substitute
- 3.4.4. Threat of New Entrants
- 3.4.5. Degree of Competition
- 3.5. Market Concentration Ratio and Market Maturity Analysis of Medical Equipment Rental Market
- 3.5.1. Go To Market Strategy
- 3.5.1.1. Introduction
- 3.5.1.2. Growth
- 3.5.1.3. Maturity
- 3.5.1.4. Saturation
- 3.5.1.5. Possible Development
- 3.6. Technological Roadmap for Medical Equipment Rental Market
- 3.7. Value Chain Analysis
- 3.7.1. List of Key Manufacturers
- 3.7.2. List of Customers
- 3.7.3. Level of Integration
- 3.8. Cost Structure Analysis
- 3.8.1. Price Trend of Key Raw Materials
- 3.8.2. Raw Material Suppliers
- 3.8.3. Proportion of Manufacturing Cost Structure
- 3.8.3.1. Raw Material
- 3.8.3.2. Labor Cost
- 3.8.3.3. Manufacturing Expense
- 3.9. Regulatory Compliance
- 3.10. Competitive Landscape, 2023
- 3.10.1. Player Positioning Analysis
- 3.10.2. Key Strategies Adopted By Leading Players
- CHAPTER 4. Manufacturing Plant Analysis
- 4.1. Manufacturing Plant Location and Establish Date of Major Manufacturers in 2023
- 4.2. R&D Status of Major Manufacturers in 2023
- CHAPTER 5. Medical Equipment Rental Market By Product
- 5.1. Introduction
- 5.2. Medical Equipment Rental Revenue By Product
- 5.2.1. Medical Equipment Rental Revenue (USD Million) and Forecast, By Product, 2020-2032
- 5.2.2. Surgical Equipment
- 5.2.2.1. Surgical Equipment Market Revenue (USD Million) and Growth Rate (%), 2020-2032
- 5.2.3. Durable Medical Equipment
- 5.2.3.1. Durable Medical Equipment Market Revenue (USD Million) and Growth Rate (%), 2020-2032
- 5.2.3.2. Personal Mobility Devices
- 5.2.3.2.1. Personal Mobility Devices Market Revenue (USD Million) and Growth Rate (%), 2020-2032
- 5.2.3.3. Bathroom Safety and Medical Furniture
- 5.2.3.3.1. Bathroom Safety and Medical Furniture Market Revenue (USD Million) and Growth Rate (%), 2020-2032
- 5.2.3.4. Monitoring and Therapeutic Devices
- 5.2.3.4.1. Monitoring and Therapeutic Devices Market Revenue (USD Million) and Growth Rate (%), 2020-2032
- 5.2.4. Storage and Transport
- 5.2.4.1. Storage and Transport Market Revenue (USD Million) and Growth Rate (%), 2020-2032
- CHAPTER 6. Medical Equipment Rental Market By End-User
- 6.1. Introduction
- 6.2. Medical Equipment Rental Revenue By End-User
- 6.2.1. Medical Equipment Rental Revenue (USD Million) and Forecast, By End-User, 2020-2032
- 6.2.2. Personal/Home care
- 6.2.2.1. Personal/Home care Market Revenue (USD Million) and Growth Rate (%), 2020-2032
- 6.2.3. Institutional
- 6.2.3.1. Institutional Market Revenue (USD Million) and Growth Rate (%), 2020-2032
- 6.2.4. Hospitals
- 6.2.4.1. Hospitals Market Revenue (USD Million) and Growth Rate (%), 2020-2032
- CHAPTER 7. North America Medical Equipment Rental Market By Country
- 7.1. North America Medical Equipment Rental Market Overview
- 7.2. U.S.
- 7.2.1. U.S. Medical Equipment Rental Revenue (USD Million) and Forecast By Product, 2020-2032
- 7.2.2. U.S. Medical Equipment Rental Revenue (USD Million) and Forecast By End-User, 2020-2032
- 7.3. Canada
- 7.3.1. Canada Medical Equipment Rental Revenue (USD Million) and Forecast By Product, 2020-2032
- 7.3.2. Canada Medical Equipment Rental Revenue (USD Million) and Forecast By End-User, 2020-2032
- 7.4. North America PEST Analysis
- CHAPTER 8. Europe Medical Equipment Rental Market By Country
- 8.1. Europe Medical Equipment Rental Market Overview
- 8.2. U.K.
- 8.2.1. U.K. Medical Equipment Rental Revenue (USD Million) and Forecast By Product, 2020-2032
- 8.2.2. U.K. Medical Equipment Rental Revenue (USD Million) and Forecast By End-User, 2020-2032
- 8.3. Germany
- 8.3.1. Germany Medical Equipment Rental Revenue (USD Million) and Forecast By Product, 2020-2032
- 8.3.2. Germany Medical Equipment Rental Revenue (USD Million) and Forecast By End-User, 2020-2032
- 8.4. France
- 8.4.1. France Medical Equipment Rental Revenue (USD Million) and Forecast By Product, 2020-2032
- 8.4.2. France Medical Equipment Rental Revenue (USD Million) and Forecast By End-User, 2020-2032
- 8.5. Spain
- 8.5.1. Spain Medical Equipment Rental Revenue (USD Million) and Forecast By Product, 2020-2032
- 8.5.2. Spain Medical Equipment Rental Revenue (USD Million) and Forecast By End-User, 2020-2032
- 8.6. Rest of Europe
- 8.6.1. Rest of Europe Medical Equipment Rental Revenue (USD Million) and Forecast By Product, 2020-2032
- 8.6.2. Rest of Europe Medical Equipment Rental Revenue (USD Million) and Forecast By End-User, 2020-2032
- 8.7. Europe PEST Analysis
- CHAPTER 9. Asia Pacific Medical Equipment Rental Market By Country
- 9.1. Asia Pacific Medical Equipment Rental Market Overview
- 9.2. China
- 9.2.1. China Medical Equipment Rental Revenue (USD Million) and Forecast By Product, 2020-2032
- 9.2.2. China Medical Equipment Rental Revenue (USD Million) and Forecast By End-User, 2020-2032
- 9.3. Japan
- 9.3.1. Japan Medical Equipment Rental Revenue (USD Million) and Forecast By Product, 2020-2032
- 9.3.2. Japan Medical Equipment Rental Revenue (USD Million) and Forecast By End-User, 2020-2032
- 9.4. India
- 9.4.1. India Medical Equipment Rental Revenue (USD Million) and Forecast By Product, 2020-2032
- 9.4.2. India Medical Equipment Rental Revenue (USD Million) and Forecast By End-User, 2020-2032
- 9.5. Australia
- 9.5.1. Australia Medical Equipment Rental Revenue (USD Million) and Forecast By Product, 2020-2032
- 9.5.2. Australia Medical Equipment Rental Revenue (USD Million) and Forecast By End-User, 2020-2032
- 9.6. South Korea
- 9.6.1. South Korea Medical Equipment Rental Revenue (USD Million) and Forecast By Product, 2020-2032
- 9.6.2. South Korea Medical Equipment Rental Revenue (USD Million) and Forecast By End-User, 2020-2032
- 9.7. Rest of Asia-Pacific
- 9.7.1. Rest of Asia-Pacific Medical Equipment Rental Revenue (USD Million) and Forecast By Product, 2020-2032
- 9.7.2. Rest of Asia-Pacific Medical Equipment Rental Revenue (USD Million) and Forecast By End-User, 2020-2032
- 9.8. Asia Pacific PEST Analysis
- CHAPTER 10. Latin America Medical Equipment Rental Market By Country
- 10.1. Latin America Medical Equipment Rental Market Overview
- 10.2. Brazil
- 10.2.1. Brazil Medical Equipment Rental Revenue (USD Million) and Forecast By Product, 2020-2032
- 10.2.2. Brazil Medical Equipment Rental Revenue (USD Million) and Forecast By End-User, 2020-2032
- 10.3. Mexico
- 10.3.1. Mexico Medical Equipment Rental Revenue (USD Million) and Forecast By Product, 2020-2032
- 10.3.2. Mexico Medical Equipment Rental Revenue (USD Million) and Forecast By End-User, 2020-2032
- 10.4. Rest of Latin America
- 10.4.1. Rest of Latin America Medical Equipment Rental Revenue (USD Million) and Forecast By Product, 2020-2032
- 10.4.2. Rest of Latin America Medical Equipment Rental Revenue (USD Million) and Forecast By End-User, 2020-2032
- 10.5. Latin America PEST Analysis
- CHAPTER 11. Middle East & Africa Medical Equipment Rental Market By Country
- 11.1. Middle East & Africa Medical Equipment Rental Market Overview
- 11.2. GCC
- 11.2.1. GCC Medical Equipment Rental Revenue (USD Million) and Forecast By Product, 2020-2032
- 11.2.2. GCC Medical Equipment Rental Revenue (USD Million) and Forecast By End-User, 2020-2032
- 11.3. South Africa
- 11.3.1. South Africa Medical Equipment Rental Revenue (USD Million) and Forecast By Product, 2020-2032
- 11.3.2. South Africa Medical Equipment Rental Revenue (USD Million) and Forecast By End-User, 2020-2032
- 11.4. Rest of Middle East & Africa
- 11.4.1. Rest of Middle East & Africa Medical Equipment Rental Revenue (USD Million) and Forecast By Product, 2020-2032
- 11.4.2. Rest of Middle East & Africa Medical Equipment Rental Revenue (USD Million) and Forecast By End-User, 2020-2032
- 11.5. Middle East & Africa PEST Analysis
- CHAPTER 12. Player Analysis Of Medical Equipment Rental Market
- 12.1. Medical Equipment Rental Market Company Share Analysis
- 12.2. Competition Matrix
- 12.2.1. Competitive Benchmarking of key players by price, presence, market share, and R&D investment
- 12.2.2. New Product Launches and Product Enhancements
- 12.2.3. Mergers And Acquisition In Global Medical Equipment Rental Market
- 12.2.4. Partnership, Joint Ventures and Strategic Alliances/ Sales Agreements
- CHAPTER 13. Company Profile
- 13.1. Siemens Healthineers AG
- 13.1.1. Company Snapshot
- 13.1.2. Business Overview
- 13.1.3. Financial Overview
- 13.1.3.1. Revenue (USD Million), 2023
- 13.1.3.2. Siemens Healthineers AG 2023 Medical Equipment Rental Business Regional Distribution
- 13.1.4. Product /Service and Specification
- 13.1.5. Recent Developments & Business Strategy
- 13.2. GE Healthcare
- 13.3. Koninklijke Philips NV
- 13.4. Stryker Corporation
- 13.5. Fresenius SE & Co. KGaA
- 13.6. Agfa-Gevaert NV
- 13.7. Hill-Rom Holdings Inc.
- 13.8. Universal Hospital Services Inc.
- 13.9. US Med-Equip Inc.
- 13.10. United Rentals Inc.
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