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Medical Equipment Rental Market Growth Factors, Segmentation, Trends, Opportunities, Key Players and Forecast | Evolve Business Intelligence
As per the study initiated by Evolve Business Intelligence, the global Medical Equipment Rental Market size accounted for USD 55.2 billion in 2022, growing at a CAGR of 5.14% from 2023 to 2033. The Medical Equipment Rental market involves the leasing or renting of medical devices, equipment, and instruments to healthcare facilities and individuals on a temporary basis. It serves as a cost-effective alternative to purchasing expensive medical equipment outright. Key drivers of this market include the rising demand for advanced medical technologies, particularly in emerging economies with limited healthcare budgets. Additionally, the trend towards outpatient care and home healthcare services is driving the need for portable and flexible medical equipment solutions. Moreover, regulatory changes favoring the rental model, along with the increasing prevalence of chronic diseases requiring long-term equipment usage, are fueling market growth. Furthermore, the benefits of avoiding upfront capital investment, maintenance costs, and equipment obsolescence are driving healthcare providers to opt for rental arrangements, thereby boosting market expansion.Request Free Sample Report or PDF Copy: https://report.evolvebi.com/index.php/sample/request?referer=OpenPR&reportCode=022243
Key Highlights:
• The global Medical Equipment Rental Market size was valued at 55.2 billion in 2022 growing at a CAGR of 5.14% from 2023 to 2033.
• North America dominated the market in 2022
• Asia Pacific is expected to grow at the highest CAGR from 2023 to 2033
Evolve Business Intelligence has just unveiled its latest market research report focusing on the Global Medical Equipment Rental Market. This comprehensive report delves into various facets of the market, including market size and projections, market dynamics, competitor market share analysis, market value and volume, SWOT analysis, product comparisons, recent advancements by major players, and prospective opportunities. Furthermore, the market's evaluation in the dynamic chapter considers four key indicators: Drivers, Constraints, Emerging Trends, and Challenges..
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Key Players
Some of the major Medical Equipment Rental Market players holding high market shares include Westside Medical Supply, Universal Hospital Services, Woodley Equipment Company Ltd. And Nunn's Home Medical Equipment. These players use partnership and collaboration as a key strategy to gain significant market share to compete with market leaders.
The key players profiled in the report are:
• Westside Medical Supply
• Universal Hospital Services
• Woodley Equipment Company Ltd.
• Nunn's Home Medical Equipment
• Siemens Financial Services, Inc.
• Stryker
• Hill-Rom Holdings Inc.
• Apria Healthcare Group Inc.
• Agiliti Health, Inc.
• Avante Health Solutions
• GE Healthcare
• US Med-Equip
• Centric Health Ltd.
Segmental Analysis
Market Segment By Product
• Surgical Equipment
• Durable Medical Equipment
o Personal Mobility Devices
o Bathroom Safety and Medical Furniture
o Monitoring and Therapeutic Devices
• Storage and Transport
Market Segment By End-use
• Personal/Homecare
• Institutes and Laboratories
• Hospitals
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Key Region/ Countries Covered
• North America (US, Canada, Mexico)
• Europe (Germany, U.K., France, Italy, Spain, Russia, Nordic Countries, BeNeLux, Rest of Europe)
• Asia-Pacific (China, India, Japan, South Korea, Indonesia, Malaysia, Rest of Asia Pacific)
• Middle East and Africa (Saudi Arabia, UAE, Egypt, South Africa, Rest of MEA)
• Latin America (Mexico, Brazil, Argentina, Rest of Latin America)
Reasons to Buy this Report:
• Comprehensive insights.
• Reliable and accurate data.
• Market size and dataforecast
• Competitive analysis.
• Identification of market opportunities.
• Risk identification and mitigation strategies.
• SWOT analysis.
• TAM Analysis
• Recent industry developments.
• Customization options.
• Expertise and guidance for strategic decision-making
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About EvolveBI
Evolve Business Intelligence is a market research, business intelligence, and advisory firm providing innovative solutions to challenging pain points of a business. Our market research reports include data useful to micro, small, medium, and large-scale enterprises. We provide solutions ranging from mere data collection to business advisory.
Evolve Business Intelligence is built on account of technology advancement providing highly accurate data through our in-house AI-modelled data analysis and forecast tool - EvolveBI. This tool tracks real-time data including, quarter performance, annual performance, and recent developments from Fortune's global 2000 companies.
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