The Business Research Company’s global market reports are now updated with the latest market sizing information for the year 2024 and forecasted to 2033

The Business Research Company’s Medical Equipment Rental Global Market Report 2024 offers crucial insights into the medical equipment rental market help businesses analyse and build stronger strategies.

Introduction

The medical equipment rental market has experienced significant growth in recent years, driven by various economic and healthcare trends. This blog explores the current market size, future projections, and key trends influencing this dynamic industry.

Current Market Size and Growth

• 2023 Market Size: $58.83 billion
• 2024 Projected Size: $61.84 billion
• CAGR: 5.1%

Key Drivers:

• Cost Containment: Renting equipment is more cost-effective than purchasing outright.
• Regulatory Compliance: Easier adherence to evolving healthcare regulations.
• Flexibility and Scalability: Ability to scale up or down based on demand.
• Focus on Core Competencies: Healthcare providers can focus on patient care rather than equipment management.
• Emerging Markets: Growth opportunities in developing regions.

Future Market Projections

• 2028 Projected Size: $76.9 billion
• CAGR: 5.6%

Key Drivers:

• Rising Healthcare Costs: Increased demand for affordable medical solutions.
• Short-Term Solutions Demand: Flexibility in addressing immediate needs.
• Stringent Regulations: Ongoing compliance with healthcare standards.
• Agility in Healthcare Management: Adapting quickly to changing healthcare landscapes.
• Global Expansion: Penetration into new international markets.

Read The Full Medical Equipment Rental Market Report Here:

https://www.thebusinessresearchcompany.com/report/medical-equipment-rental-global-market-report

Major Trends in the Forecast Period

• Cost-Effective Solutions: Growing need for affordable medical equipment options.
• Technological Advancements: New technologies driving equipment rentals.
• Home Healthcare Services: Increasing demand for home-based care.
• Flexibility and Scalability Needs: Versatile solutions for varying needs.
• Sustainable Practices: Focus on environmentally friendly practices.

Expanding Healthcare Infrastructure

Growth Drivers:

• Rise in Healthcare Facilities: Increased number of hospitals, diagnostic laboratories, and surgery centers.
• Financial Constraints: Facilities opting for rental solutions due to budget limitations.

Example:

• US Medical and Diagnostic Laboratories: Revenue increased from $12.41 billion in Q2 2020 to $16.93 billion in Q2 2021.
• Certified Clinical Laboratories: The number increased by 13% from 2020 to 2021.

Leading Companies

Prominent players in the medical equipment rental market include:

• Hill-Rom Holdings Inc.
• Siemens Financial Service Inc.
• Nunn’s Home Medical Equipment
• Walgreen Co.
• General Electric
• Huron Consulting Group Inc.
• China Huarong Financial Leasing Co. Ltd.
• Meridian Group International
• Mizuho Leasing Company Limited
• Stryker Corporation
• Agiliti Inc.
• Avante Health Solutions
• United Rentals Inc.
• Block Imaging
• Jamie’s Medical Imaging

Innovative Technological Advancements

Technological Trends:

• AI-Driven Solutions: Enhancing equipment management and rental processes.
• RFID Technology: Tracking and managing equipment effectively.

Example:

• GoUSME App by US Med-Equip: Launched in May 2022, it helps clinicians manage rented equipment via an online portal and mobile app using passive RFID technology.

Strategic Acquisitions

US Med-Equip and Freedom Medical:

• Acquisition Date: August 2022
• Objective: Expanding locations and workforce to meet increasing demand.

Market Segmentation

The medical equipment rental market is segmented by:

1. 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. End-User: Hospitals, Personal or Home Care, Institutional, Other End-Users

Regional Insights

• North America: Largest market in 2023.
• Asia-Pacific: Expected to be the fastest-growing region during the forecast period.

Conclusion

The medical equipment rental market is set for robust growth, driven by economic factors, technological advancements, and expanding healthcare infrastructure. Companies in this market are leveraging innovative solutions and strategic acquisitions to meet the growing demand for flexible, cost-effective medical equipment options. As the market continues to evolve, staying informed about these trends will be crucial for healthcare providers and investors alike.

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The Medical Equipment Rental Global Market Report 2024  provides a comprehensive outlook of the medical equipment rental market for the historic years (2010 – 2021) and ten years forecast (2023 – 2032). The medical equipment rental market forecast offers a thorough analysis on medical equipment rental market size, medical equipment rental market share, prominent players and their strategies.

The Table Of Content For The Medical Equipment Rental Market Include:
1. Medical Equipment Rental Market Executive Summary
2. Medical Equipment Rental Market Segments
3. Medical Equipment Rental Market Size And Medical Equipment Rental Market Growth Rate
4. Key Medical Equipment Rental Market Trends
5. Major Medical Equipment Rental Market Drivers
……
25. Key Mergers And Acquisitions In The Medical Equipment Rental Market
26. Top Medical Equipment Rental Companies
27. Medical Equipment Rental Market Opportunities And Strategies
28. Medical Equipment Rental Market, Conclusions And Recommendations
29. Appendix

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