Medical Equipment Rental in the US - Industry Market Research Report
Description
Medical Equipment Rental in the US
Over the five years to 2023, Medical Equipment Rental industry companies have exhibited growth due to the rapid advent of high-cost equipment. As many healthcare providers have struggled with cuts to Medicare and Medicaid reimbursements, they have implemented cost-saving strategies. Some providers have chosen to rent rather than purchase medical equipment to access up-to-date technologies at a lower cost. In addition, rising total health expenditure from the expanding medical needs of an aging US population has increased demand for industry services from both hospitals and home healthcare providers. In all, over the five years to 2023, industry revenue is projected to increase at a CAGR of 1.7% to $4.9 billion, including growth of 0.3% in 2023. Industry profit, measured as earnings before interest and taxes, is expected to account for 16.3% of revenue in 2023.
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.
Over the five years to 2023, Medical Equipment Rental industry companies have exhibited growth due to the rapid advent of high-cost equipment. As many healthcare providers have struggled with cuts to Medicare and Medicaid reimbursements, they have implemented cost-saving strategies. Some providers have chosen to rent rather than purchase medical equipment to access up-to-date technologies at a lower cost. In addition, rising total health expenditure from the expanding medical needs of an aging US population has increased demand for industry services from both hospitals and home healthcare providers. In all, over the five years to 2023, industry revenue is projected to increase at a CAGR of 1.7% to $4.9 billion, including growth of 0.3% in 2023. Industry profit, measured as earnings before interest and taxes, is expected to account for 16.3% of revenue in 2023.
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.
Table of Contents
41 Pages
- TABLE OF CONTENTS
ABOUT THIS INDUSTRY
Industry Definition
Main Activities
Similar Industries
Additional Resources
INDUSTRY AT A GLANCE
INDUSTRY PERFORMANCE
Executive Summary
Key External Drivers
Current Performance
Industry Outlook
Industry Life Cycle
PRODUCTS & MARKETS
Supply Chain
Products & Services
Demand Determinants
Major Markets
International Trade
Business Locations
COMPETITIVE LANDSCAPE
Market Share Concentration
Key Success Factors
Cost Structure Benchmarks
Basis of Competition
Barriers to Entry
Industry Globalization
MAJOR COMPANIES
OPERATING CONDITIONS
Capital Intensity
Technology & Systems
Revenue Volatility
Regulation & Policy
Industry Assistance
KEY STATISTICS
Industry Data
Annual Change
Key Ratios
JARGON & GLOSSARY
Search Inside Report
Pricing
Currency Rates
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