Medical Equipment Rental Market Growth Trends and Future Outlook
Straits Research has published a comprehensive report on the global Medical Equipment Rental Market, providing in-depth insights into the market's growth prospects, key drivers, and segmentation analysis. According to the report, the global Medical Equipment Rental Market size was valued at USD 57.05 billion in 2023 and is projected to reach from USD 60.18 billion in 2024 to USD 92.36 billion in 2032, growing at a CAGR of 5.5% during the forecast period (2024–2032).
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Drivers in the Medical Equipment Rental Market
The growing demand for cost-effective solutions in the healthcare industry is driving the growth of the Medical Equipment Rental Market. Other key drivers include:
- Increasing healthcare expenditure
- Rising demand for home healthcare services
- Growing need for affordable medical equipment solutions
- Advancements in medical technology
Key Developments in the Medical Equipment Rental Market
- Increasing adoption of digital technologies in the healthcare industry
- Growing focus on value-based care
- Rising demand for personalized medicine
- Expanding healthcare infrastructure in emerging markets
Top Key Players
The global Medical Equipment Rental Market is highly competitive, with several key players operating in the market. Some of the top key players include:
- Apria Healthcare Group, Inc.
- Centric Health Corporation
- Hill-ROM Holdings, Inc.
- Nunn’s Home Medical Equipment
- Port Huron Hospital Medical Equipment
- US Med-Equip, Inc.
- Universal Hospital Services, Inc.
- Woodley Equipment Company Ltd.
- Walgreen Co.
- Westside Medical Supply, Inc.
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Segmentation Analysis of the Medical Equipment Rental Market
The global Medical Equipment Rental Market is segmented based on product and end-user.
By Product
- Surgical Equipment
- Durable Medical Equipment (DME)
- Storage
- Transport
By End-User
- Personal/Home Care
- Institutes
- Laboratories
- Hospitals
About Straits Research
Straits Research is a leading market research company that provides comprehensive reports and consulting services to help businesses make informed decisions. Our reports are designed to provide actionable insights and recommendations to help companies navigate complex markets and make strategic decisions.
