openPR Logo
Press release

Medical Equipment Rental Market is Estimated to Reach a Value of US$49.1 Bn by 2020

07-31-2018 10:42 PM CET | Health & Medicine

Press release from: Transparency Market Research

Medical Equipment Rental Market is Estimated to Reach a Value

The highly fragmented global Medical Equipment Rental Market is dominated by Siemens Financial Services Inc., Apria Healthcare Group Inc., Universal Hospital Services Inc., and Centric Health Corporation, among others. According to Transparency Market Research, improving the distribution network in emerging economies remains an important strategy for medical equipment rental market players to pursue, as the healthcare sector in many emerging economies is dominated by small-scale hospitals who can’t afford to purchase advanced medical equipment.

Increasing Prevalence of Chronic Diseases in Emerging Economies Leads to Need for Medical Equipment Rentals

The prime driver for the global medical equipment rental market is the increasing prevalence of cardiovascular, orthopedic, and lifestyle diseases requiring long-term management. Several countries in emerging regions such as Asia Pacific and Latin America exhibit high prevalence of such diseases. The developing healthcare sector in these regions is a crucial target for medical equipment rental companies, since the increasing purchasing power of consumers in emerging regions is leading to a steady increase in the healthcare expenditure.

The lack of large-scale development in the medical sector in emerging economies also means that many hospitals are faced with the pressure of reducing expenditures. Renting instead of purchasing medical equipment thus provides a feasible solution to the healthcare sector.

Request to View Sample of Report -

https://www.transparencymarketresearch.com/sample/sample.php?flag=S&rep_id=2543

Lack of Standard Regulations Hurting Utilization of Rented Medical Equipment

The global medical equipment rental market is held back by the prevalence of a varied cost structure across the world. Regulations regarding medical equipment rentals may vary to a considerable degree in different regions, which can cause legal complications at the time of the transaction. This has also led to a lack of awareness about medical equipment rental services, leading to many small-scale hospitals ending up paying more than necessary to obtain rented medical equipment. Global coordination between healthcare agencies and proactive measures from global healthcare bodies will be key in ameliorating the effect of this restraint on the market.

Request to View Brochure of Report -

https://www.transparencymarketresearch.com/sample/sample.php?flag=B&rep_id=2543

Durable Medical Equipment to Retain Dominance in Medical Equipment Rental Market

Durable medical equipment is the most popular device type in the medical equipment rental market, with the segment’s revenue expected to reach US$16.9 bn by the end of 2016. Other key device types in the medical equipment rental market are surgical equipment, home care equipment, storage and transport equipment, and electronic/digital equipment.

By end use, the medical equipment rental market is segmented into institutional/hospital-based medical equipment rental and personal medical equipment rental. Of these two, the institutional medical equipment rental segment’s revenue is expected to reach US$23.6 bn by the end of 2016, with the segment expected to dominate demand for medical equipment rental in the coming years.

Due to the easy availability of advanced medical equipment and the relatively lower costs of the same in comparison to emerging regions, North America and Europe are set to remain the leading contributors in the global medical equipment rental market in the coming years. However, the Asia Pacific market is likely to exhibit a higher CAGR in the 2014-2020 forecast period than either of North America and Europe, which is expected to be an influential aspect of the medical equipment rental market’s growth.

View Report -

https://www.transparencymarketresearch.com/medical-equipment-rental.html

About Us
Transparency Market Research (TMR) is a market intelligence company, providing global business information reports and services. Our exclusive blend of quantitative forecasting and trends analysis provides forward-looking insight for thousands of decision makers. TMR’s experienced team of analysts, researchers, and consultants, use proprietary data sources and various tools and techniques to gather, and analyze information. Our business offerings represent the latest and the most reliable information indispensable for businesses to sustain a competitive edge.

US Office Contact
90 State Street, Suite 700
Albany, NY 12207
Tel: +1-518-618-1030
USA – Canada Toll Free: 866-552-3453
Email: sales@transparencymarketresearch.com
Website: http://www.transparencymarketresearch.com

This release was published on openPR.

Permanent link to this press release:

Copy
Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.

You can edit or delete your press release Medical Equipment Rental Market is Estimated to Reach a Value of US$49.1 Bn by 2020 here

News-ID: 1155383 • Views: 1091

More Releases from Transparency Market Research

Market Intelligence Report on Calcite Market, 2018-2028
Sales of calcite have witnessed utter proliferation in recent time, in line with the growing demand from paper and pulp sector wherein calcite is highly adopted as a coating and filler material. According to Transparency Market Research analysis, global calcite market is anticipated to register 4.7% CAGR during the study period 2018–2028. The TMR report opines that demand for calcite is highly driven by its significant properties that are paving way
Pearlescent Pigments Market Intelligence Report Offers Growth Prospects
The demand within the global pearlescent pigment market is slated to rise as new creative avenues emerge in the art and craft industry. Several artists have increased the consumption of pearlescent pigments, mainly due to the aesthetic value of these pigments in art forms. The use of these pigments can majorly be attributed to the gloss and shine imparted by these pigments to the design or craft. These pigments exhibit
Aragonite Market to Witness Steady Growth During the Forecast Period 2018-2026
Global Aragonite Market: Overview Aragonite is a carbonate mineral having an orthorhombic crystal system, and very closely resembles calcite. It is considered as the purest form of calcium carbonate. The mineral has garnered wide popularity as gemstone in various parts of the world and has promising healing properties with energy enhancing powers. Aragonite contains traces of magnesium and sand inclusion but rich in calcium carbonate, and is alkaline in nature. It
OEM Insulation Market Growth, Trends and Value Chain 2019-2027 by TMR
OEM Insulation Market – Overview OEM means Original Equipment Manufacturer that indicates to a company that produces a part or a subsystem of a product that is being used by another organization. Thermal insulation or simply insulation allows the product to cut down the heat gain or loss at the minimum by creating a barrier between the surfaces at the varying temperatures. There are wide range of applications and end-use verticals

All 5 Releases


More Releases for Medical

Affordable Medical Cover Plans
Taking great care of health is important, but it does not assure a healthy life. Even after taking all the precautions, people can still get unwell due to various reasons. Unfortunately, medical treatment is not always affordable for everyone. Losing loved ones due to lack of money is the worst nightmare for any person. Luckily, now you can cover your whole family for medical treatment by purchasing affordable medical covers
Medical Power Market Medical Power Market
This report studies Medical Power in Global market, especially in North America, China, Europe, Southeast Asia, Japan and India, with production, revenue, consumption, import and export in these regions, from 2012 to 2016, and forecast to 2022. Request for discount @ https://www.researchtrades.com/discount/1445183 This report focuses on top manufacturers in global market, with production, price, revenue and market share for each manufacturer, covering Astrodyne TDI (US) CUI Inc. (US) Delta Electronic, Inc (TW) Excelsys
Global Medical Aesthetics Market
The Global Medical Aesthetics Market is expected to reach USD 26.53 billion by 2024 from USD 10.12 billion in 2016, at a CAGR of 12.8% in the forecast period 2017 to 2024. “Global Medical Aesthetics Market”, By Product Type (Aesthetic Laser Devices, Energy Devices, Skin Tightening & Body Contouring Devices, Aesthetic Implants, Facial Aesthetic Devices), Applications (Anti-Aging & Wrinkles, Facial & Skin Rejuvenation, Vascular Lesions, Body Shaping & Cellulite, Breast
Medical Ventilators – Medical Devices Pipeline Assessment, 2017
ReportBazzar has released its latest research-based report entitled ‘Medical Ventilators’ market. This report provides a holistic approach to the market growth with a detailed and precise analysis of the overall competitive scenario of the Medical Ventilators market. The report also provides a detailed analysis of key trends and latest technologies, playing a prominent role in the Medical Ventilators market growth. It takes into account aspects such as drivers, restraints, challenges, and
Medical Electrodes Market
Medical electrodes are devices used to transfer energy of ionic currents into electrical current in the body. The currents passed into the body is amplified and has proved to be useful in diagnosing various diseases. Medical electrodes are noninvasive and comprises a metal, electrode conducting plate and lead. Medical electrodes progress with quantification of internal ionic currents results in diagnosis of nervous, cardiac, ocular and muscular disorders. The electrode works
Global Medical Manifolds Market 2017 : Fresenius Kabi, ICU Medical, Demax Medica …
Medical Manifolds A market study based on the " Medical Manifolds Market " across the globe, recently added to the repository of Market Research, is titled ‘Global Medical Manifolds market 2017’. The research report analyses the historical as well as present performance of the worldwide Medical Manifolds industry, and makes predictions on the future status of Medical Manifolds market on the basis of this analysis. Get Free Sample Copy of