Global Medical Equipment Rental
Market Report
2025
The global Medical Equipment Rental market size will be USD 55914.5 million in 2025. Increasing healthcare investments, expansion of private healthcare facilities and rising prevalence of chronic diseases and the need for cost-effective healthcare solutions are expected to boost sales to USD 90473.3 million by 2033, with a Compound Annual Growth Rate (CAGR) of 6.20% from 2025 to 2033.
The base year for the calculation is 2024. The historical will be 2021 to 2024. The year 2025 will be estimated one while the forecasted data will be from year 2025 to 2033. When we deliver the report that time we updated report data till the purchase date.
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According to Cognitive Market Research, the global Medical Equipment Rental market size will be USD 55914.5 million in 2025. It will expand at a compound annual growth rate (CAGR) of 6.20% from 2025 to 2033.
2024 | 2025 | 2032 | 2033 | CAGR | |
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Global Medical Equipment Rental Market Sales Revenue | 121212 | $ 55914.5 Million | 121212 | $ 90473.3 Million | 6.2% |
North America Medical Equipment Rental Market Sales Revenue | 121212 | $ 20688.3 Million | 121212 | $ 29856.2 Million | 4.7% |
Canada Medical Equipment Rental Market Sales Revenue | 121212 | $ 2482.6 Million | 121212 | 121212 | 5.5% |
United States Medical Equipment Rental Market Sales Revenue | 121212 | $ 16323.1 Million | 121212 | 121212 | 4.5% |
Mexico Medical Equipment Rental Market Sales Revenue | 121212 | $ 1882.64 Million | 121212 | 121212 | 5.2% |
Europe Medical Equipment Rental Market Sales Revenue | 121212 | $ 16215.2 Million | 121212 | $ 24427.8 Million | 5.3% |
Spain Medical Equipment Rental Market Sales Revenue | 121212 | $ 1329.65 Million | 121212 | 121212 | 4.4% |
United Kingdom Medical Equipment Rental Market Sales Revenue | 121212 | $ 2724.15 Million | 121212 | 121212 | 6.1% |
Russia Medical Equipment Rental Market Sales Revenue | 121212 | $ 2513.36 Million | 121212 | 121212 | 4.3% |
Switzerland Medical Equipment Rental Market Sales Revenue | 121212 | $ 243.23 Million | 121212 | 121212 | 4.9% |
Italy Medical Equipment Rental Market Sales Revenue | 121212 | $ 1394.51 Million | 121212 | 121212 | 4.7% |
Denmark Medical Equipment Rental Market Sales Revenue | 121212 | $ 340.52 Million | 121212 | 121212 | 5.1% |
Germany Medical Equipment Rental Market Sales Revenue | 121212 | $ 3210.61 Million | 121212 | 121212 | 5.5% |
Sweden Medical Equipment Rental Market Sales Revenue | 121212 | $ 502.67 Million | 121212 | 121212 | 5.4% |
France Medical Equipment Rental Market Sales Revenue | 121212 | $ 1491.8 Million | 121212 | 121212 | 4.5% |
Luxembourg Medical Equipment Rental Market Sales Revenue | 121212 | $ 194.58 Million | 121212 | 121212 | 5.6% |
Rest of Europe Medical Equipment Rental Market Sales Revenue | 121212 | $ 2270.13 Million | 121212 | 121212 | 4% |
Asia Pacific Medical Equipment Rental Market Sales Revenue | 121212 | $ 13419.4 Million | 121212 | $ 26553.9 Million | 8.9% |
South East Asia Medical Equipment Rental Market Sales Revenue | 121212 | $ 885.69 Million | 121212 | 121212 | 9.7% |
India Medical Equipment Rental Market Sales Revenue | 121212 | $ 1341.95 Million | 121212 | 121212 | 10.8% |
Taiwan Medical Equipment Rental Market Sales Revenue | 121212 | $ 523.36 Million | 121212 | 121212 | 8.7% |
South Korea Medical Equipment Rental Market Sales Revenue | 121212 | $ 1610.34 Million | 121212 | 121212 | 8% |
Japan Medical Equipment Rental Market Sales Revenue | 121212 | $ 1851.89 Million | 121212 | 121212 | 7.4% |
Singapore Medical Equipment Rental Market Sales Revenue | 121212 | $ 268.39 Million | 121212 | 121212 | 9.2% |
China Medical Equipment Rental Market Sales Revenue | 121212 | $ 5636.18 Million | 121212 | 121212 | 8.4% |
Australia Medical Equipment Rental Market Sales Revenue | 121212 | $ 697.81 Million | 121212 | 121212 | 8.2% |
Rest of APAC Medical Equipment Rental Market Sales Revenue | 121212 | $ 603.88 Million | 121212 | 121212 | 8.7% |
South America Medical Equipment Rental Market Sales Revenue | 121212 | $ 2124.75 Million | 121212 | $ 3618.9 Million | 6.9% |
Brazil Medical Equipment Rental Market Sales Revenue | 121212 | $ 909.39 Million | 121212 | 121212 | 7.5% |
Chile Medical Equipment Rental Market Sales Revenue | 121212 | $ 152.98 Million | 121212 | 121212 | 7.2% |
Peru Medical Equipment Rental Market Sales Revenue | 121212 | $ 174.23 Million | 121212 | 121212 | 7.1% |
Colombia Medical Equipment Rental Market Sales Revenue | 121212 | $ 189.1 Million | 121212 | 121212 | 6.7% |
Argentina Medical Equipment Rental Market Sales Revenue | 121212 | $ 356.96 Million | 121212 | 121212 | 7.8% |
Rest of South America Medical Equipment Rental Market Sales Revenue | 121212 | $ 342.08 Million | 121212 | 121212 | 6% |
Middle East Medical Equipment Rental Market Sales Revenue | 121212 | $ 2236.58 Million | 121212 | $ 3980.8 Million | 7.5% |
Egypt Medical Equipment Rental Market Sales Revenue | 121212 | $ 134.19 Million | 121212 | 121212 | 7.3% |
UAE Medical Equipment Rental Market Sales Revenue | 121212 | $ 460.74 Million | 121212 | 121212 | 8% |
Turkey Medical Equipment Rental Market Sales Revenue | 121212 | $ 178.93 Million | 121212 | 121212 | 8.1% |
Qatar Medical Equipment Rental Market Sales Revenue | 121212 | $ 178.93 Million | 121212 | 121212 | 7% |
Saudi Arabia Medical Equipment Rental Market Sales Revenue | 121212 | $ 787.28 Million | 121212 | 121212 | 7.8% |
Rest of Middle East Medical Equipment Rental Market Sales Revenue | 121212 | $ 496.52 Million | 121212 | 121212 | 6.7% |
Africa Medical Equipment Rental Market Sales Revenue | 121212 | $ 1230.12 Million | 121212 | $ 2035.6 Million | 6.5% |
South Africa Medical Equipment Rental Market Sales Revenue | 121212 | $ 433 Million | 121212 | 121212 | 7.4% |
Nigeria Medical Equipment Rental Market Sales Revenue | 121212 | $ 98.41 Million | 121212 | 121212 | 6.7% |
Rest of Africa Medical Equipment Rental Market Sales Revenue | 121212 | $ 698.71 Million | 121212 | 121212 | 5.7% |
Base Year | 2024 |
Historical Data Time Period | 2021-2024 |
Forecast Period | 2025-2033 |
Market Split by Device Type Outlook: |
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Market Split by Application Outlook: |
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List of Competitors |
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Regional Analysis |
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Country Analysis |
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Medical Equipment Rental Market is Segmented as below. Particular segment of your interest can be provided without any additional cost. Download the Sample Pages!
Medical equipment rentals cover a broad range of devices, from oxygen concentrators, hospital beds, and wheelchairs to advanced diagnostic machines, physical therapy devices, and monitoring systems. These rentals offer an essential service by providing temporary access to necessary medical tools without the substantial upfront investment associated with purchasing. The Medical Equipment Rental Market has been experiencing significant growth, driven by increasing demand for cost-effective and flexible healthcare solutions. With the rising prevalence of chronic diseases, an aging global population, and the growing preference for home healthcare, renting medical equipment has become an attractive option for patients, healthcare providers, and institutions alike.
In March 2022, BioSig Technologies, Inc. formed a partnership with Summit Blue Capital to introduce a leasing and financing program for the PURE EP System, aimed at improving access to its advanced medical technology. https://ir.biosig.com/press-releases/detail/307/biosig-technologies-inc-partners-with-summit-blue-capital/
The global increase in chronic diseases like diabetes, cardiovascular conditions, respiratory illnesses, and cancer has created a growing need for continuous monitoring and treatment. Noncommunicable diseases (NCDs) were responsible for at least 43 million deaths in 2021, accounting for 75% of all non-pandemic-related deaths worldwide. Of these, 18 million people died from an NCD before the age of 70, with 82% of these premature deaths occurring in low- and middle-income countries. Cardiovascular diseases were the leading cause, accounting for at least 19 million deaths, followed by cancer (10 million), chronic respiratory diseases (4 million), and diabetes (over 2 million, including those related to kidney disease caused by diabetes). Many of these conditions require long-term use of medical equipment. Renting such equipment on demand provides both patients and healthcare providers with the flexibility to meet treatment needs. As the demand for rehabilitation services rises, medical equipment rentals, such as mobility aids, physical therapy devices, and monitoring systems, have become increasingly common.
https://www.who.int/news-room/fact-sheets/detail/noncommunicable-diseases/./
As home healthcare services gain popularity, the demand for medical equipment rental is increasing. Patients increasingly prefer receiving care at home, which requires specialized equipment like oxygen concentrators, wheelchairs, and hospital beds. Rental models provide a flexible and cost-effective solution for both patients and healthcare providers. The global aging population is contributing to a rise in chronic diseases and conditions that require long-term care. By 2030, one in six people worldwide will be 60 years or older, with the population aged 60 and above growing from 1 billion in 2020 to 1.4 billion. By 2050, the number of people aged 60 and older will double to 2.1 billion. The number of individuals aged 80 and older is expected to triple between 2020 and 2050, reaching 426 million. From 2015 to 2050, the percentage of the global population over 60 will nearly double, from 12% to 22%. Many elderly individuals require medical equipment that they may only need temporarily, making renting these devices a more cost-efficient option for them.
https://www.who.int/news-room/fact-sheets/detail/ageing-and-health/
Medical equipment, especially sophisticated diagnostic tools and devices, requires regular maintenance, calibration, and servicing to ensure functionality and patient safety. Rental companies often bear these costs, which can be substantial. If these expenses are not effectively managed, they can reduce profitability, ultimately raising rental prices for customers, which may deter healthcare providers from opting for rentals. Managing a fleet of medical equipment is resource-intensive. It involves regular inspections, repairs, sanitization, and transportation. Inefficiencies in inventory and logistics can lead to increased costs, which can make the rental model less competitive compared to outright purchases for healthcare providers.
The rapid advancement of medical technology, including innovations like telemedicine, robotic surgery tools, and wearable health devices, presents an opportunity for rental companies to provide cutting-edge equipment. For example, renting high-cost devices like MRI machines, CT scanners, or patient monitoring systems enables healthcare providers to access the latest technologies without the substantial capital expenditure. The growing use of the Internet of Things (IoT) in medical devices creates opportunities for rental companies to offer smart and connected devices that allow real-time monitoring, predictive maintenance, and data analytics. This technology can reduce equipment downtime and improve patient outcomes, making it a compelling selling point for healthcare providers looking to rent advanced, smart medical equipment.
Growing awareness about environmental sustainability presents an opportunity for medical equipment rental companies. By renting rather than purchasing, healthcare providers can contribute to reducing waste, as rented equipment is reused and maintained over longer periods. Companies that promote their sustainable practices can appeal to environmentally conscious consumers and organizations. Renting medical equipment supports the efficient use of resources. By reusing equipment across multiple healthcare settings, rental companies can contribute to reducing the overall carbon footprint of the healthcare sector. This sustainability angle could become a significant selling point as the industry becomes more environmentally conscious.
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Companies differentiate themselves by the types of medical equipment they offer for rent. This can range from basic devices such as wheelchairs and hospital beds to more advanced equipment like ventilators, oxygen concentrators, diagnostic imaging devices, and physical therapy tools. The rise of digital platforms and telemedicine has pushed companies to integrate new technologies into their offerings. Medical equipment rental providers that incorporate IoT (Internet of Things) devices or offer remote monitoring services and data analytics stand out in a competitive market.
In February 2022, First Horizon and Toronto-Dominion Bank reached an agreement in which TD would acquire First Horizon in an all-cash transaction valued at approximately US$ 13.0 billion. This strategy enabled the corporation to establish a strong position in the marketplace. https://td.mediaroom.com/2022-02-28-TD-to-Expand-in-the-Southeastern-U-S-with-Acquisition-of-First-Horizon/
Top Companies Market Share in Medical Equipment Rental Industry: (In no particular order of Rank)
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According to Cognitive Market Research, North America currently dominates the Medical Equipment Rental market, and the region is expected to have significant growth during the projected period. In North America, home-based healthcare is becoming increasingly popular. In 2023, women represented 87% of all home health aides and 80% of personal care aides. Patients often choose home care for its comfort, cost-effectiveness, and convenience. This growing trend has boosted the demand for rental medical equipment, including hospital beds, mobility aids, oxygen therapy devices, and monitoring systems. Home healthcare providers can address this need by offering flexible rental options, enabling patients to access essential medical equipment without the financial burden of owning it.
Asia-Pacific is expected to make significant gains during the projected period, with the greatest compound annual growth rate (CAGR). The healthcare infrastructure in the Asia Pacific region is rapidly improving, with significant investments in healthcare facilities from countries like China, India, and Southeast Asian nations. In FY24, India's public healthcare expenditure reached 1.9% of GDP, up from 1.6% in FY23, according to the Economic Survey 2023-24. The Union Budget for 2024-25 also focuses on transforming the healthcare sector by enhancing digital infrastructure and increasing health expenditure to Rs. 89,287 crores (US$ 10.70 billion), with the goal of improving accessibility and fostering innovation. These developments have driven the demand for advanced medical equipment in hospitals, clinics, and home healthcare settings. Medical equipment rentals provide healthcare providers with access to the latest technology without the need for large capital investments. As healthcare facilities modernize, the demand for rental medical devices such as diagnostic tools and imaging systems is also growing.
https://www.ibef.org/industry/healthcare-india/
The current report Scope analyzes Medical Equipment Rental Market on 5 major region Split (In case you wish to acquire a specific region edition (more granular data) or any country Edition data then please write us on info@cognitivemarketresearch.com
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According to Cognitive Market Research, the global Medical Equipment Rental market size was estimated at USD 55914.5 Million, out of which North America held the major market share of more than 40% of the global revenue with a market size of USD 20688.3 million in 2025 and will grow at a compound annual growth rate (CAGR) of 4.7% from 2025 to 2033.
According to Cognitive Market Research, the US had a major share in the Medical Equipment Rental market with a market size of USD 16323.1 million in 2025 and is projected to grow at a CAGR of 4.5% during the forecast period. In the US, the demand for the Medical Equipment Rental market is driven by increasing preference for home healthcare services, advancements in medical technology, and the need for cost-effective solutions to manage chronic conditions.
The Canadian Medical Equipment Rental market had a market share of USD 2482.6 million in 2025 and is projected to grow at a CAGR of 5.5% during the forecast period. The country's aging population, the rising prevalence of chronic diseases, and healthcare policies promoting home-based care options to reduce hospital readmissions contribute to the growing demand.
The Mexico Medical Equipment Rental market is projected to witness growth at a CAGR of 5.2% during the forecast period, with a market size of USD 1882.6 million in 2025..
According to Cognitive Market Research, the global Medical Equipment Rental market size was estimated at USD 55914.5 Million, out of which Europe held the market share of more than 30% of the global revenue with a market size of USD 16215.21 million in 2025 and will grow at a compound annual growth rate (CAGR) of 5.3% from 2025 to 2033.
The United Kingdom Medical Equipment Rental market had a market share of USD 2724.15 million in 2025 and is projected to grow at a CAGR of 6.1% during the forecast period. In the UK, Medical Equipment Rental sales witnessed an upswing due to the growing preference for home healthcare services, the need for cost-effective healthcare solutions.
The France Medical Equipment Rental market is projected to witness growth at a CAGR of 4.5% during the forecast period, with a market size of USD 1491.8 million in 2025.
According to Cognitive Market Research, the German Medical Equipment Rental market size was valued at USD 3210.6 million in 2025 and is projected to grow at a CAGR of 5.5% during the forecast period. In Germany, increasing healthcare costs, and a strong focus on patient-centered care, particularly for elderly patients and those with chronic conditions, driving the market
The Italy Medical Equipment Rental market is projected to witness growth at a CAGR of 4.7% during the forecast period, with a market size of USD 1394.5 million in 2025.
The Russia Medical Equipment Rental market is projected to witness growth at a CAGR of 4.3% during the forecast period, with a market size of USD 2513.3 million in 2025
The Spain Medical Equipment Rental market is projected to witness growth at a CAGR of 4.4% during the forecast period with a market size of USD 1329.6 million in 2025
The Sweden Medical Equipment Rental market is projected to witness growth at a CAGR of 5.4% during the forecast period, with a market size of USD 502.6 million in 2025.
The Denmark Medical Equipment Rental market is projected to witness growth at a CAGR of 5.1% during the forecast period, with a market size of USD 340.5 million in 2025
The Switzerland Medical Equipment Rental market is projected to witness growth at a CAGR of 4.9% during the forecast period, with a market size of USD 243.2 million in 2025.
The Luxembourg Medical Equipment Rental market is projected to witness growth at a CAGR of 5.6% during the forecast period, with a market size of USD 194.5 million in 2025.
The Rest of Europe's Medical Equipment Rental market is projected to witness growth at a CAGR of 4.0% during the forecast period, with a market size of USD 2270.1 million in 2025.
According to Cognitive Market Research, the global Medical Equipment Rental market size was estimated at USD 55914.5 Million, out of which APAC held the market share of around 23% of the global revenue with a market size of USD 13419.4 million in 2025 and will grow at a compound annual growth rate (CAGR) of 8.9% from 2025 to 2033.
According to Cognitive Market Research, the China Medical Equipment Rental market size was valued at USD 5636.1 million in 2025 and is projected to grow at a CAGR of 8.4% during the forecast period. Medical Equipment Rental surged in China due to government initiatives to improve healthcare accessibility and reduce the financial burden on healthcare providers.
The Japan Medical Equipment Rental market is projected to witness growth at a CAGR of 7.4% during the forecast period, with a market size of USD 1851.8 million in 2025
The South Korea Medical Equipment Rental market had a market share of USD 1610.3 million in 2025 and is projected to grow at a CAGR of 8.0% during the forecast period.
The Indian Medical Equipment Rental market is projected to witness growth at a CAGR of 10.8% during the forecast period, with a market size of USD 1341.9 million in 2025. In India, the demand for the Medical Equipment Rental market is driven by the rise in chronic diseases, and the increasing need for cost-effective solutions in both urban and rural healthcare settings.
The Australian Medical Equipment Rental market is projected to witness growth at a CAGR of 8.2% during the forecast period, with a market size of USD 697.8 million in 2025.
The Singapore Medical Equipment Rental market is projected to witness growth at a CAGR of 9.2% during the forecast period, with a market size of USD 268.3 million in 2025.
The Taiwan Medical Equipment Rental market is projected to witness growth at a CAGR of 8.7% during the forecast period, with a market size of USD 523.3 million in 2025.
The South East Asia Medical Equipment Rental market is projected to witness growth at a CAGR of 9.7% during the forecast period, with a market size of USD 885.6 million in 2025.
The Rest of APAC Medical Equipment Rental market is projected to witness growth at a CAGR of 8.7% during the forecast period, with a market size of USD 603.8 million in 2025.
According to Cognitive Market Research, the global Medical Equipment Rental market size was estimated at USD 55914.5 Million, out of which South America held the market share of around 5% of the global revenue with a market size of USD 2124.75 million in 2025 and will grow at a compound annual growth rate (CAGR) of 6.9% from 2025 to 2033.
According to Cognitive Market Research, the Brazil Medical Equipment Rental market size was valued at USD 909.39 million in 2025 and is projected to grow at a CAGR of 7.5% during the forecast period. Medical Equipment Rental flourished in Brazil due to the expansion of private healthcare facilities, which seek cost-effective ways to provide advanced medical equipment without significant capital investment.
Argentina's Medical Equipment Rental market had a market share of USD 356.96 million in 2025 and is projected to grow at a CAGR of 7.8% during the forecast period. Argentina's growing need for cost-effective healthcare solutions in both urban and rural areas, driving the market.
Colombia Medical Equipment Rental market is projected to witness growth at a CAGR of 6.7% during the forecast period, with a market size of USD 189.10 million in 2025
Peru Medical Equipment Rental market is projected to witness growth at a CAGR of 7.1% during the forecast period, with a market size of USD 174.23 million in 2025.
Chile Medical Equipment Rental market is projected to witness growth at a CAGR of 7.2% during the forecast period, with a market size of USD 152.98 million in 2025
The Rest of South America's Medical Equipment Rental market is projected to witness growth at a CAGR of 6.0% during the forecast period, with a market size of USD 342.0 million in 2025.
According to Cognitive Market Research, the global Medical Equipment Rental market size was estimated at USD 55914.5 Million, out of which the Middle East held the major market share of around 2% of the global revenue with a market size of USD 2236.58 million in 2025 and will grow at a compound annual growth rate (CAGR) of 7.5% from 2025 to 2033..
The Qatar Medical Equipment Rental market is projected to witness growth at a CAGR of 7.0% during the forecast period, with a market size of USD 178.93 million in 2025. Medical Equipment Rental sales flourish due to the growing healthcare infrastructure development, increased demand for specialized healthcare services.
The Saudi Arabia Medical Equipment Rental market is projected to witness growth at a CAGR of 7.8% during the forecast period, with a market size of USD 787.2 million in 2025.
The Turkey Medical Equipment Rental market is projected to witness growth at a CAGR of 8.1% during the forecast period, with a market size of USD 178.93 million in 2025. Medical Equipment Rental sales flourished in Turkey due to increasing number of private hospitals, and the rising preference for cost-effective medical solutions.
The UAE Medical Equipment Rental market is projected to witness growth at a CAGR of 8.0% during the forecast period, with a market size of USD 460.7 million in 2025.
The Egypt Medical Equipment Rental market is projected to witness growth at a CAGR of 7.3% during the forecast period, with a market size of USD 134.1 million in 2025.
The Rest of the Middle East Medical Equipment Rental market is projected to witness growth at a CAGR of 6.7% during the forecast period, with a market size of USD 496.5 million in 2025
According to Cognitive Market Research, the global Medical Equipment Rental market size was estimated at USD 55914.5 Million, out of which the Africa held the major market share of around 2% of the global revenue with a market size of USD 1230.12 million in 2025 and will grow at a compound annual growth rate (CAGR) of 6.5% from 2025 to 2033.
The Nigeria Medical Equipment Rental market is projected to witness growth at a CAGR of 6.7% during the forecast period, with a market size of USD 98.41 million in 2025. Medical Equipment Rental sales flourish due to the rise in non-communicable diseases (NCDs) and need for medical equipment in rural areas.
The South Africa Medical Equipment Rental market is projected to witness growth at a CAGR of 7.4% during the forecast period, with a market size of USD 433.0 million in 2025.
The Rest of Africa Medical Equipment Rental market is projected to witness growth at a CAGR of 5.7% during the forecast period, with a market size of USD 698.7 million in 2025.
Global Medical Equipment Rental Market Report 2025 Edition talks about crucial market insights with the help of segments and sub-segments analysis. In this section, we reveal an in-depth analysis of the key factors influencing Medical Equipment Rental Industry growth. Medical Equipment Rental market has been segmented with the help of its Device Type Outlook:, Application Outlook: , and others. Medical Equipment Rental market analysis helps to understand key industry segments, and their global, regional, and country-level insights. Furthermore, this analysis also provides information pertaining to segments that are going to be most lucrative in the near future and their expected growth rate and future market opportunities. The report also provides detailed insights into factors responsible for the positive or negative growth of each industry segment.
How are Segments Performing in the Global Medical Equipment Rental Market?
According to Cognitive Market Research, Surgical Equipment is likely to dominate the Medical Equipment Rental Market. As healthcare needs continue to grow globally, the number of surgical procedures being performed is on the rise. This increase in surgeries is driven by various factors, including an aging population, the prevalence of chronic diseases, and advancements in medical treatments. According to the World Health Organization (WHO), surgical procedures such as cardiovascular surgeries, orthopedic procedures, and organ transplants are becoming more frequent as medical technologies improve and more people have access to healthcare. Surgical equipment is essential for these procedures, and hospitals and clinics are increasingly opting to rent rather than purchase expensive surgical instruments for both routine and specialized surgeries.
Electronic / Digital Equipment is the fastest-growing segment in the Medical Equipment Rental Market. With the rise of telemedicine, remote patient monitoring, and home healthcare services, the demand for portable and flexible digital medical devices has surged. Remote monitoring systems, wearable health trackers, and telehealth solutions are increasingly used to track patients' vital signs, chronic conditions, and post-operative care. These devices allow for continuous monitoring without requiring frequent hospital visits. Renting electronic and digital equipment for telemedicine purposes enables healthcare providers to offer more accessible services without the burden of maintaining large capital investments in equipment. The flexibility of renting digital equipment is crucial for scaling telehealth solutions to meet the growing demand for remote healthcare services.
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According to Cognitive Market Research, the Personal / Home Care Medical Equipment Rental segment holds the largest share of the market. There has been a major shift in patient care preferences, with more individuals opting for care at home rather than in traditional hospital or nursing home settings. This is driven by various factors, including the comfort and convenience of receiving medical care at home, cost savings, and the desire for personalized care. As a result, there is an increasing demand for home healthcare services, which require specialized medical equipment, such as oxygen concentrators, hospital beds, mobility aids, patient lifts, and respiratory devices. Renting these types of medical equipment provides an affordable solution for patients who need such equipment temporarily or on a short-term basis.
In the Medical Equipment Rental Market, the Institutional Medical Equipment Rental segment has been expanding at a rapid pace. Healthcare institutions often experience fluctuations in patient volume and equipment needs. For instance, during peak seasons (e.g., flu season or certain outbreaks), there may be a sudden increase in the demand for specific medical equipment. Renting medical equipment offers the flexibility to scale up operations quickly by acquiring additional units for a limited time. Conversely, during periods of low demand, institutions can return the equipment, avoiding unnecessary maintenance and storage costs. This adaptability to changing needs is one of the primary reasons healthcare providers are increasingly turning to equipment rental models.
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Senior Research Associate at Cognitive Market Research
Manjiri Kanhere is an experienced market researcher focused on the Pharma & Healthcare industry. With over 3+ years of experience, She has worked with major pharmaceutical companies and healthcare providers, helping them to understand market trends, identify new business opportunities, and develop effective sales & marketing strategies. Her expertise lies in the ability to analyze complex data sets and deliver insights that drive business decisions. At Cognitive Market Research, she handles the market research related to Pharma and healthcare industry.
Manjiri Kanhere is an experienced market researcher focused on the Pharma & Healthcare industry. With over three years of experience, She has worked with major pharmaceutical companies and healthcare providers, helping them to understand market trends, identify new business opportunities, and develop effective sales & marketing strategies.
In her current role, Manjiri handles the market research related to Pharma and healthcare industry. Her passion lies in utilizing innovative approaches to distill complex information into strategic insights that empower organizations to make informed decisions.Manjiri remains an invaluable asset in the dynamic landscape of market research.
Conclusion
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Device Type Outlook: | Personal / Home care Equipment, Electronic / Digital Equipment, Surgical Equipment, Durable Medical Equipment, Long Term Care, Acute Care, Emergency and Trauma, Storage and Transport |
Application Outlook: | Personal / Home Care Medical Equipment Rental, Chronic and Geriatric Patients, Preventive Care / Monitoring, Short Term and Outpatient Care, Institutional Medical Equipment Rental, Hospitals, Healthcare Centers, Medical Nursing Homes, Medical Research Laboratories/Institutions |
List of Competitors | Westside Medical Supply, Universal Hospital Services, Woodley Equipment Company Ltd., Nunn's Home Medical Equipment, Siemens Financial Services Inc., Stryker, Hill-Rom Holdings Inc., Apria Healthcare Group Inc., Agiliti Health Inc., Avante Health Solutions, GE Healthcare, US Med-Equip, Centric Health Ltd. |
This chapter will help you gain GLOBAL Market Analysis of Medical Equipment Rental. Further deep in this chapter, you will be able to review Global Medical Equipment Rental Market Split by various segments and Geographical Split.
Chapter 1 Global Market Analysis
Global Market has been segmented on the basis 5 major regions such as North America, Europe, Asia-Pacific, Middle East & Africa, and Latin America.
You can purchase only the Executive Summary of Global Market (2019 vs 2024 vs 2031)
Global Market Dynamics, Trends, Drivers, Restraints, Opportunities, Only Pointers will be deliverable
This chapter will help you gain North America Market Analysis of Medical Equipment Rental. Further deep in this chapter, you will be able to review North America Medical Equipment Rental Market Split by various segments and Country Split.
Chapter 2 North America Market Analysis
This chapter will help you gain Europe Market Analysis of Medical Equipment Rental. Further deep in this chapter, you will be able to review Europe Medical Equipment Rental Market Split by various segments and Country Split.
Chapter 3 Europe Market Analysis
This chapter will help you gain Asia Pacific Market Analysis of Medical Equipment Rental. Further deep in this chapter, you will be able to review Asia Pacific Medical Equipment Rental Market Split by various segments and Country Split.
Chapter 4 Asia Pacific Market Analysis
This chapter will help you gain South America Market Analysis of Medical Equipment Rental. Further deep in this chapter, you will be able to review South America Medical Equipment Rental Market Split by various segments and Country Split.
Chapter 5 South America Market Analysis
This chapter will help you gain Middle East Market Analysis of Medical Equipment Rental. Further deep in this chapter, you will be able to review Middle East Medical Equipment Rental Market Split by various segments and Country Split.
Chapter 6 Middle East Market Analysis
This chapter will help you gain Middle East Market Analysis of Medical Equipment Rental. Further deep in this chapter, you will be able to review Middle East Medical Equipment Rental Market Split by various segments and Country Split.
Chapter 7 Africa Market Analysis
This chapter provides an in-depth analysis of the market share among key competitors of Medical Equipment Rental. The analysis highlights each competitor's position in the market, growth trends, and financial performance, offering insights into competitive dynamics, and emerging players.
Chapter 8 Competitor Analysis (Subject to Data Availability (Private Players))
(Subject to Data Availability (Private Players))
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
This chapter would comprehensively cover market drivers, trends, restraints, opportunities, and various in-depth analyses like industrial chain, PESTEL, Porter’s Five Forces, and ESG, among others. It would also include product life cycle, technological advancements, and patent insights.
Chapter 9 Qualitative Analysis (Subject to Data Availability)
Segmentation Device Type Outlook: Analysis 2019 -2031, will provide market size split by Device Type Outlook:. This Information is provided at Global Level, Regional Level and Top Countries Level The report with the segmentation perspective mentioned under this chapters will be delivered to you On Demand. So please let us know if you would like to receive this additional data as well. No additional cost will be applicable for the same.
Chapter 10 Market Split by Device Type Outlook: Analysis 2021 - 2033
The report with the segmentation perspective mentioned under this chapters will be delivered to you On Demand. So please let us know if you would like to receive this additional data as well. No additional cost will be applicable for the same.
Chapter 11 Market Split by Application Outlook: Analysis 2021 - 2033
This chapter helps you understand the Key Takeaways and Analyst Point of View of the global Medical Equipment Rental market
Chapter 12 Research Findings
Here the analyst will summarize the content of entire report and will share his view point on the current industry scenario and how the market is expected to perform in the near future. The points shared by the analyst are based on his/her detailed in-depth understanding of the market during the course of this report study. You will be provided exclusive rights to interact with the concerned analyst for unlimited time pre purchase as well as post purchase of the report.
Chapter 13 Research Methodology and Sources
Why Personal / Home care Equipment have a significant impact on Medical Equipment Rental market? |
What are the key factors affecting the Personal / Home care Equipment and Electronic / Digital Equipment of Medical Equipment Rental Market? |
What is the CAGR/Growth Rate of Personal / Home Care Medical Equipment Rental during the forecast period? |
By type, which segment accounted for largest share of the global Medical Equipment Rental Market? |
Which region is expected to dominate the global Medical Equipment Rental Market within the forecast period? |
Segmentation Level Customization |
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Global level Data Customization |
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Region level Data Customization |
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Country level Data Customization |
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Company Level |
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Additional Data Analysis |
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Additional Qualitative Data |
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Additional Quantitative Data |
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Service Level Customization |
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Report Format Alteration |
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