The changing face of the medical equipment rental market:

New York, USA, Aug. 29, 2022 (GLOBE NEWSWIRE) — Medical equipment is one of the fundamental and necessary tools for patient care and clinical satisfaction in healthcare applications. Rapid advances in technology are making it increasingly difficult for healthcare professionals and hospitals to keep up to date with the latest equipment. Many health facilities are struggling financially and are constrained by their budgets. Therefore, leasing medical equipment can result in reduced monetary expenses and the acquisition of the latest medical technology, which improves patient care.

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Easy rental of on-demand medical equipment and increasing rental of therapeutic devices is driving the global market

Companies are investing in the development of durable medical equipment. A tremendous wave of innovation is being driven by connected medical devices that allow patients and healthcare professionals to track progress. A smart wearable called Glutaric offers non-invasive glucose monitoring. Therapeutic devices are generally divided into two categories: those that assist patients in their daily activities and those that assist medical personnel in the transfer of therapeutic services. Examples of assistive devices include canes, walkers, hearing aids, visual aids, and other tools that allow patients to perform tasks they would otherwise be unable to do due to a physical or physical limitation. of a disability. Oxygen delivery systems, catheters, IV lines and physiotherapy equipment are therapeutic devices used by medical personnel.

Report scope

Report metric Details
Market size $87.37 billion by 2030
CAGR 5.32% (2022-2030)
Historical data 2019-2020
Year of reference 2021
Forecast period 2022-2030
Forecast units Value (USD billion)
Report cover Revenue forecasts, competitive landscape, growth factors and trends
Segments Covered Type, Application, Region
Geographical areas covered North America, Europe, Asia-Pacific, LAME and Rest of the World
Top Profiled Companies/Suppliers Apria Healthcare Group, Inc., Centric Health Corporation., Hill-ROM Holdings, Inc., Nunn’s Home Medical Equipment, Port Huron Hospital Medical Equipment, US Med-Equip, Inc., Universal Hospital Services, Inc., Woodley Equipment Company Ltd ., Walgreen Co., Westside Medical Supply, Inc.
Key market opportunities Rapid technological advances
Key Market Drivers On-demand rentals of medical equipment

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Regional analysis

North America dominates the market and is expected to grow over the forecast period. The presence of numerous service providers and the high demand for technologically advanced goods is accelerating the expansion of the regional market. Equipment rental can alleviate the region’s problems with overspending to acquire the most up-to-date therapeutic equipment.

Highlights

  • The global medical equipment leasing market size was valued at USD 54.80 billion in 2021. It is expected to reach USD 87.37 billion by 2030, growing at a steady pace. CAGR of 5.32% during the forecast period (2022-2030).
  • Type-based, the market is divided into durable medical equipment for acute care, long-term care, emergency and trauma care, electronic/digital equipment, storage and transportation, and personality mobility devices. The durable medical equipment (DME) segment held the largest market share during the forecast period.
  • Based on applications, the market is segmented into personal/home care, institutional and hospital. The hospital market held the largest market share during the forecast period.
  • North America dominates the market and is expected to grow over the forecast period.

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Key companies in the global medical equipment rental market include

  • Apria Healthcare Group, Inc.
  • Central Health Society.
  • Hill-ROM Holdings, Inc.
  • Nunn’s Home Medical Equipment
  • Port Huron Hospital Medical Equipment
  • US Med-Equip, Inc.
  • Universal Hospital Services, Inc.
  • Woodley Equipment Company Ltd.
  • Walgreen Co.
  • Westside Medical Supply, Inc.

Global medical equipment rental market: segmentation

By type

  • Durable medical equipment for acute care, long-term care, and emergency and trauma care
  • Electronic/digital equipment
  • Storage and transport
  • personality mobility device

By request

  • Personal/home care
  • Institutional
  • Hospitals

By regions

  • North America
  • Europe
  • Asia Pacific
  • LAMEA

TABLE OF CONTENTS

  1. Introduction
    1. Market definition
    2. Market scope
  2. Research Methodology
    1. Primary research
    2. Research Methodology
    3. Assumptions and Exclusions
    4. Secondary data sources
  3. Market overview
    1. Report segmentation and scope
    2. Value chain analysis: Medical equipment rental market
    3. Main market trends
      1. Drivers
      2. Constraints
      3. Opportunities
    4. Porter’s Five Forces Analysis
      1. Bargaining power of suppliers
      2. The bargaining power of buyers
      3. Surrogate Threat
      4. The threat of new entrants
      5. Competitive Rivalry
    5. Market share analysis
  4. Overview of Types
    1. Introduction
      1. Market size and forecast
    2. Electronic/digital equipment
      1. Market size and forecast
    3. Storage
      1. Market size and forecast
  5. App Overview
    1. Introduction
      1. Market size and forecast
    2. Personal/home care
      1. Market size and forecast
    3. Institutional
      1. Market size and forecast
  6. Regional overview
    1. Introduction
      1. Market size and forecast
    2. America
      1. North America
      2. WE
        1. By type
        2. By request
      3. Canada
        1. By type
        2. By request
      4. Mexico
        1. By type
        2. By request
      5. Latin America
        1. By type
        2. By request
    3. Europe
      1. Market size and forecast
      2. Germany
        1. By type
        2. By request
      3. France
        1. By type
        2. By request
      4. UK
        1. By type
        2. By request
      5. Italy
        1. By type
        2. By request
      6. Spain
        1. By type
        2. By request
      7. The rest of Europe
        1. By type
        2. By request
    4. Asia Pacific
      1. Market size and forecast
      2. Japan
        1. By type
        2. By request
      3. China
        1. By type
        2. By request
      4. Australia
        1. By type
        2. By request
      5. India
        1. By type
        2. By request
      6. South Korea
        1. By type
        2. By request
      7. Rest of Asia-Pacific
        1. By type
        2. By request
    5. Middle East and Africa
      1. Market size and forecast
      2. Saudi Arabia
        1. By type
        2. By request
      3. South Africa
        1. By type
        2. By request
      4. Kuwait
        1. By type
        2. By request
      5. Rest of the Middle East and Africa
        1. By type
        2. By request
  7. Company Profile
    1. Central Health Society
      1. Company presentation
      2. Financial performance
      3. RECENT DEVELOPMENTS
      4. Product portfolio
    2. Apria Healthcare Group Inc
      1. Company presentation
      2. Financial performance
      3. RECENT DEVELOPMENTS
      4. Product portfolio
    3. Hill-ROM Holdings Inc.
      1. Company presentation
      2. Financial performance
      3. RECENT DEVELOPMENTS
      4. Product portfolio
  8. Conclusion and recommendation
  9. Acronyms and abbreviations

Table of contents and figure @ https://straitsresearch.com/report/medical-equipment-rental-market/toc

Market News

  • In March 2022: Med One Group announced its affiliation with Southeastern GPO Partners Cooperative, Inc. Med One Group has established itself as a supplier within Partners Cooperative, Inc. to provide hospitals in the Southeastern United States with the services of rental of necessary medical equipment.
  • In April 2022: US Med-Equip has provided the highest quality medical equipment and biomedical expertise to more frontline clinicians across California. As a leading supplier, on-demand medical equipment for Silicon Valley hospitals has expanded to San Jose.
  • In May 2022: New technologies have helped hospitals order vital medical equipment on demand. Leading provider of rental medical equipment and services, US Med-Equip, has launched GoUSME to support frontline healthcare workers.

Media

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