The Medical Equipment Rental Global Market Report 2023, provides comprehensive information on the medical equipment rental market across 60+ geographies in the seven regions – Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa for the 27 major global industries. The report covers a ten year historic period – 2010-2021, and a ten year forecast period – 2023-2032.
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As per The Business Research Company’s Medical Equipment Rental Global Market Report 2023, the global medical equipment rental market size is expected to grow from $56.14 billion in 2022 to $58.83 billion in 2023 at a compound annual growth rate (CAGR) of 4.80%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The global medical equipment rental market size is expected to reach $72.20 billion in 2027 at a CAGR of 5.25%.
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Technological advancements are a key trend gaining popularity in the medical equipment rental market. Major companies operating in the medical equipment rental market are focused on developing new solutions to sustain their position in the market. For instance, in May 2022, US Med-Equip, a US-based provider of medical equipment rentals and hospital equipment rentals, launched the GoUSME App, an online portal and iOS and Android app. It is uniquely designed to help front-line clinicians order and manage rented medical equipment from US Med-Equip with the click of a button. It is an open system that employs passive RFID technology to identify and pinpoint mobile medical equipment that is owned and rented by healthcare providers. The RFID reader scans help hospitals locate RFID-tagged equipment to conduct preventative maintenance.
The medical equipment rental market is segmented:
1) By Type: Personal Or Home Care Equipment, Electronic Or Digital Equipment, Surgical Equipment, Durable Medical Equipment, Long Term Care, Acute Care, Emergency And Trauma, Storage And Transport
2) By End-User: Hospitals, Personal Or Home Care, Institutional, Other End-Users
North America was the largest region in the medical equipment rental market in 2022.
The table of contents in TBRC’s medical equipment rental market report includes:
1. Executive Summary
2. Medical Equipment Rental Market Characteristics
3. Medical Equipment Rental Market Trends And Strategies
4. Medical Equipment Rental Market – Macro Economic Scenario
5. Medical Equipment Rental Market Size And Growth
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26. Africa Medical Equipment Rental Market
27. Medical Equipment Rental Market Competitive Landscape And Company Profiles
28. Key Mergers And Acquisitions In The Medical Equipment Rental Market
29. Medical Equipment Rental Market Future Outlook and Potential Analysis
30. Appendix
Top Major Players:
- Hill-Rom Holdings Inc
- Siemens Financial Service Inc
- Nunn’s home Medical Equipment
- Westside Medical Supply
- Universal Hospital Services Inc
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The Business Research Company is a market intelligence firm that pioneers in market, company, and consumer research. TBRC’s specialist consultants are located globally and are experts in a wide range of industries that include healthcare, manufacturing, financial services, chemicals, and technology. The firm has offices located in the UK, the US, and India, along with a network of proficient researchers in 28 countries. Through the report businesses can gain a thorough understanding of the market’s size, growth rate, major drivers and leading players.
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