"Designing Growth Strategies is in our DNA"

Medical Equipment Rental Market Size, Share & Industry Analysis, By Product Type (Durable Medical Equipment [Acute Care , Long-term Care, Emergency & Trauma Care] Personal Mobility Devices, Electronic/Digital Equipment, Storage and Transport Devices), By End User (Hospitals, Institutes and Laboratories, Personal/Home Care, Others) and regional forecast 2021-2028

Region : Global | Report ID: FBI103972 | Status : Ongoing

 

KEY MARKET INSIGHTS

Medical equipment has become one of the essentials for clinical satisfaction and patient care in all the health applications. With the evolving technological advancements, it has been difficult for the hospitals and the medical practitioners to keep up with the emerging devices. Therefore, need for medical equipment renting has risen and is anticipated to have a flourishing growth during the forecasted timeframe. Additionally, renting of the medical equipment minimizes the efforts for repairs and recalls.


Many healthcare facilities face financial troubles and have budget constraints. Thus, renting medical equipment can cause limited monetary spending and adoption of latest medical equipment to ensure better patient care. This is likely to increase market value of the rental services thus experiencing a higher growth during the forecast duration.


The major factor driving the global medical equipment rental market is the increased patient preference towards home healthcare which is likely to foster product demand. Also, growing geriatric patient population with various diseases is anticipated to augment the growth of the products leading to higher sales.


On the flip side, lack of awareness among the population in the lower economic countries is likely to hinder the market growth owing to lesser adoption of the rental services.


Key Market Driver -

Increased home healthcare preference to augment demand for rental medical equipment

Key Market Restraint -

Lower adoption rate in emerging countries to affect market growth


Market Segmentation:


By product type, the global medical equipment rental market is segmented into durable medical equipment (acute care, long-term care, and emergency/trauma care), personal mobility devices, electronic/digital equipment, and storage & transport devices. Based on end user the global market is classified as hospitals, institutes and laboratories, personal/ home care, and others.


From a geographical standpoint, the market is categorized into North America, Europe, Asia Pacific, Latin America, and the Middle East and Africa.


Key Players Covered:


The major companies in the global medical equipment rental market report includes Med One Group, AGITO Medical A/S, Hill-Rom Holdings Inc., Woodley Equipment Company Ltd, Westside Medical Supply, Nunn’s Home Medical Equipment, Siemens Financial Services, Inc., and Others.


Key Insights



  • Technological Advancements in the Medical Equipment Rental Market

  • Snapshot of Disruption of Supply Chain Amid the Pandemic

  • COVID-19 Impact on the Global Medical Equipment Rental Market

  • Porter’s Five Analysis

  • Snapshot of Cost Structure and Value Chain Analysis

  • Key Industry Developments – Mergers, Acquisitions, and Partnerships


Regional Analysis:


The global medical equipment rental market has been segmented into North America, Europe, Asia Pacific, Latin America and Middle East & Africa. North America followed by Europe dominated the global market in 2019, owing to the increased demand of the products by hospitals and other end users for diagnostic or therapeutic application. Additionally, rising government investment and support of medical financing companies to boost setup of well infrastructure facilities for patient care is also the factor driving the market growth. Awareness among the healthcare professionals about the importance of adoption of high-end medical equipment is the major factor leading to increased sales and demand of the medical equipment rentals in the Asia Pacific countries. This along with growing mergers and acquisitions between industry players is likely to promote the sales of the products in countries like China, India, and other countries. Latin America is projected to register a comparatively higher CAGR by the end of the forecast period owing to higher investments in the setup of large diagnostic centers and well-infrastructured hospital for various applications. On the other hand, Middle East & Africa is likely to witness a slower growth due to lack of penetration of the advanced products.


To gain extensive insights into the market, Request for Customization


Segmentation






















 ATTRIBUTE


  DETAILS

By Product Type




  • Durable Medical Equipment

    • Acute Care

    • Long-term Care

    • Emergency & Trauma Care



  • Personal Mobility Devices

  • Electronic/Digital Equipment

  • Storage and Transport Devices



By End User




  • Hospitals

  • Institutes and Laboratories

  • Personal/Home Care

  • Others



By Geography




  • North America (USA, Canada)

  • Europe (UK, Germany, France, Italy, Spain, Scandinavia and Rest of Europe)

  • Asia Pacific (Japan, China, India, Australia, Southeast Asia and Rest of Asia Pacific)

  • Latin America (Brazil, Mexico, Rest of Latin America)

  • Middle East & Africa (South Africa, GCC and Rest of Middle East & Africa)



Medical Equipment Rental Industry Developments



  • In June 2020, MedOne Group announced the opening of its new distribution center in North Carolina. The new center will rent and service the medical equipment.

  • In March 2020, Med-Equip announced the acquisition of Martab Equipment Management Services. The acquisition with Martab will offer rentals for specialty devices likes infant incubators, infusion pumps, and blood pressure monitors.


Medical Equipment Rental Market Size, Share and Global Industry Trend Forecast till 2026
  • Ongoing
  • 2020
  • 2017-2019

    CHOOSE LICENSE TYPE

  • 4850
    6850
    8850

Personalize this Research

  • Granular Research on Specified Regions or Segments
  • Companies Profiled based on User Requirement
  • Broader Insights Pertaining to a Specific Segment or Region
  • Breaking Down Competitive Landscape as per Your Requirement
  • Other Specific Requirement on Customization
Request Customization Banner

Healthcare Clients

Amgen
Grifols
3M
Siemens Healthineers
Lek

Client Testimonials

“We are happy with the professionalism of your in-house research team as well as the quality of your research reports. Looking forward to work together on similar projects”

- One of the Leading Food Companies in Germany

“We appreciate the teamwork and efficiency for such an exhaustive and comprehensive report. The data offered to us was exactly what we were looking for. Thank you!”

- Intuitive Surgical

“I recommend Fortune Business Insights for their honesty and flexibility. Not only that they were very responsive and dealt with all my questions very quickly but they also responded honestly and flexibly to the detailed requests from us in preparing the research report. We value them as a research company worthy of building long-term relationships.”

- Major Food Company in Japan

“Well done Fortune Business Insights! The report covered all the points and was very detailed. Looking forward to work together in the future”

- Ziering Medical

“It has been a delightful experience working with you guys. Thank you Fortune Business Insights for your efforts and prompt response”

- Major Manufacturer of Precision Machine Parts in India

“I had a great experience working with Fortune Business Insights. The report was very accurate and as per my requirements. Very satisfied with the overall report as it has helped me to build strategies for my business”

- Hewlett-Packard

“This is regarding the recent report I bought from Fortune Business insights. Remarkable job and great efforts by your research team. I would also like to thank the back end team for offering a continuous support and stitching together a report that is so comprehensive and exhaustive”

- Global Management Consulting Firm

“Please pass on our sincere thanks to the whole team at Fortune Business Insights. This is a very good piece of work and will be very helpful to us going forward. We know where we will be getting business intelligence from in the future.”

- UK-based Start-up in the Medical Devices Sector

“Thank you for sending the market report and data. It looks quite comprehensive and the data is exactly what I was looking for. I appreciate the timeliness and responsiveness of you and your team.”

- One of the Largest Companies in the Defence Industry
We use cookies to enhance your experience. By continuing to visit this site you agree to our use of cookies . More info.
X