Medical Equipment Rental Market Size, Growth, Latest Trends and Global Forecast 2024-2032

The Global Medical Equipment Rental Market Size accounted for USD 58.6 Billion in 2023 and is estimated to achieve a market size of USD 97.4 Billion by 2032 growing at a CAGR of 5.8% from 2024 to 2032.

The medical equipment rental market has emerged as a crucial component of the healthcare industry, offering an alternative solution to the high capital expenditure associated with purchasing expensive medical equipment. This market enables healthcare providers, such as hospitals, clinics, and long-term care facilities, to access advanced medical technologies on a short-term or long-term basis without the financial burden of ownership. With the continuous evolution of medical technology and rising healthcare costs, the demand for medical equipment rental has significantly increased, making it a vital part of modern healthcare systems. This abstract examines the current trends, drivers, challenges, and future prospects of the medical equipment rental market.

The market for rented medical equipment encompasses a wide range of products, including diagnostic imaging devices (MRI machines, CT scanners), surgical instruments, patient monitoring systems, and rehabilitation equipment. These devices are typically rented for a specific period, such as during the rehabilitation process, for temporary medical treatments, or when a hospital requires additional equipment to meet surges in demand. The growing complexity of medical technologies and the high costs associated with acquiring and maintaining such equipment have driven healthcare providers toward rental services as an efficient and cost-effective alternative.

Medical Equipment Rental Market Segmentation

The worldwide market for medical equipment rental is split based on product, end-user, and geography.

Medical Equipment Rental Market By Products

Surgical Equipment
Durable Medical Equipment
Personal Mobility Devices
Bathroom Safety and Medical Furniture
Monitoring and Therapeutic Devices
Storage and Transport

Medical Equipment Rental Market By End-Users

Personal/Home care
Institutional
Hospitals

Medical Equipment Rental Market Regional Outlook

North America

U.S.
Canada
Europe

U.K.
Germany
France
Spain
Rest of Europe
Asia-Pacific

India
Japan
China
Australia
South Korea
Rest of Asia-Pacific
Latin America

Brazil
Mexico
Rest of Latin America
The Middle East & Africa

South Africa
GCC Countries
Rest of the Middle East & Africa (ME&A)

Medical Equipment Rental Market Players

Some of the top medical equipment rental companies offered in our report includes Siemens Healthineers AG, GE Healthcare, Koninklijke Philips NV, Stryker Corporation, Fresenius SE & Co. KGaA, Agfa-Gevaert NV, Hill-Rom Holdings Inc., Universal Hospital Services Inc., US Med-Equip Inc., and United Rentals Inc.

Reasons to buy this Report:

Acquire strategically important competitor information, analysis and intelligence to formulate effective R&D strategies.
Recognize emerging players with a potentially strong product pipeline and create effective counter-strategies to gain competitive advantage.
Classify potential new customers or partners into the target demographic.
Develop tactical initiatives by understanding the focus areas of leading companies.
Plan mergers and acquisitions meritoriously by identifying the best manufacturer.
Formulate corrective actions for pipeline projects by understanding Radiological Information System pipeline depth.
Develop and design licensing and out-licensing strategies by identifying potential partners with the most attractive projects to enhance and expand business potential and reach.

The report will be updated with the latest data and delivered to you within 2-4 business days of ordering.

Suitable to support your internal and external presentations with reliable high quality data and analysis.
Create regional and national strategies based on local data and analysis.