Global Medical Equipment Rental Databank Market Report

Global Medical Equipment Rental Databank Market Report

The Medical Equipment Rental market was valued at $55,084.5 Million in 2022, and is projected to reach $74,528.6 Million by 2031 growing at a CAGR of 3.46% from 2023 to 2031. Durable Medical Equipment segment is expected to be the highest contributor to this market, with $33,080.0 Million in 2022, and is anticipated to reach $43,936.7 Million by 2031, registering a CAGR of 3.24%. Surgical Equipment segment is anticipated to reach $11,301.1 Million by 2031 with the highest CAGR of 5.28%. Durable Medical Equipment and Storage and Transport segments collectively expected to account for about 87.1% share of the Medical Equipment Rental market in 2022, with the former constituting around 60.1% share. Surgical Equipment and Durable Medical Equipment segments are expected to witness significant growth rates at a CAGR of 5.28% and 3.24% respectively, during the forecast period. Presently, share of these two segments is estimated to be around 73.0% in the overall Medical Equipment Rental market in 2022, and is anticipated to reach 74.1% by 2031.