Medical Equipment Rental
Over the past five years, the Medical Equipment Rental industry has exhibited growth due to the rapid advent of high-cost equipment. As many healthcare providers have grappled with cuts in Medicare and Medicaid reimbursements, they have implemented cost-saving strategies. In particular, many healthcare providers have rented rather than purchased medical equipment because they can access up-to-date technologies at a lower cost. In response to the rapidly growing obese population, many healthcare providers will rent bariatric equipment, stimulating industry revenue growth over the five years to 2023. In addition, as many healthcare providers move away from volume-based models to value, demand will increase for rental equipment that can assist providers with superior clinical outcomes.
Companies in this industry rent and lease medical equipment to institutional customers. This industry specifically excludes companies that primarily rent and lease medical equipment to home care customers.
This report covers the scope, size, disposition and growth of the industry including the key sensitivities and success factors. Also included are five year industry forecasts, growth rates and an analysis of the industry key players and their market shares.
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