openPR Logo
Press release

With 4.2% CAGR, Medical Equipment Rental Market to Surpass US$ 70.95 Bn by 2028 - Global Analysis by TMR

03-05-2024 12:01 PM CET | Health & Medicine

Press release from: Transparency Market Research

Medical Equipment Rental

Medical Equipment Rental

The global ๐ฆ๐ž๐๐ข๐œ๐š๐ฅ ๐ž๐ช๐ฎ๐ข๐ฉ๐ฆ๐ž๐ง๐ญ ๐ซ๐ž๐ง๐ญ๐š๐ฅ ๐ฆ๐š๐ซ๐ค๐ž๐ญ reached US$ 51.05 Bn in 2020 and is projected to grow at a CAGR of 4.2% from 2021 to 2028, reaching US$ 70.95 Bn by 2028.

Analysts foresee significant opportunities for rented medical equipment providers in the post-COVID-19 era, driven by the increasing demand for electronic and digital equipment. However, lack of transparency in rental agreements poses challenges for consumers in negotiating better pricing options. To address this, providers should collaborate with insurance companies to educate customers and medical practitioners about fair market value prices and insurance replacement costs. The healthcare industry is witnessing a notable shift from procurement to renting of medical devices, signaling a prominent trend for the future.

๐ƒ๐จ๐ฐ๐ง๐ฅ๐จ๐š๐ ๐’๐š๐ฆ๐ฉ๐ฅ๐ž ๐๐ƒ๐…:
https://www.transparencymarketresearch.com/sample/sample.php?flag=S&rep_id=2543&utm_source=OpenPR&utm_campaign=MansiR

๐Š๐ž๐ฒ ๐ƒ๐ซ๐ข๐ฏ๐ž๐ซ

๐ˆ๐ง๐œ๐ซ๐ž๐š๐ฌ๐ข๐ง๐  ๐๐ซ๐ž๐ฏ๐š๐ฅ๐ž๐ง๐œ๐ž ๐จ๐Ÿ ๐‚๐ก๐ซ๐จ๐ง๐ข๐œ ๐ƒ๐ข๐ฌ๐ž๐š๐ฌ๐ž๐ฌ ๐ญ๐จ ๐๐จ๐จ๐ฌ๐ญ ๐Œ๐š๐ซ๐ค๐ž๐ญ ๐†๐ซ๐จ๐ฐ๐ญ๐ก

By 2030, cardiovascular disease-related deaths are expected to reach 23.3 million. Chronic conditions like hypertension, diabetes, and respiratory ailments necessitate consistent monitoring. Additionally, the American Diabetes Association predicts that by 2050, one in three U.S. adults will have diabetes. This surge in chronic disease diagnoses fuels demand for home health care devices and services, driving the rental medical equipment market. Consequently, the uptake of home care medical devices such as rehabilitation, diabetes supplies, and mobility aids is expected to rise.

๐‚๐จ๐ฆ๐ฉ๐ž๐ญ๐ข๐ญ๐ข๐จ๐ง ๐‹๐š๐ง๐๐ฌ๐œ๐š๐ฉ๐ž:
ย 
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.
ย 
๐Œ๐š๐ซ๐ค๐ž๐ญ ๐’๐ž๐ ๐ฆ๐ž๐ง๐ญ๐š๐ญ๐ข๐จ๐ง:

๐๐ฒ ๐ƒ๐ž๐ฏ๐ข๐œ๐ž ๐“๐ฒ๐ฉ๐ž

Personal / Home care Equipment
Electronic / Digital Equipment
Surgical Equipment
Durable Medical Equipment
Long Term Care
Acute Care
Emergency and Trauma
Storage and Transport

๐๐ฒ ๐„๐ง๐-๐ฎ๐ฌ๐ž๐ซ

Personal / Home Care Medical Equipment Rental
Chronic and Geriatric Patients
Preventive Care / Monitoring
Short Term and Outpatient Care
Institutional Medical Equipment Rental
Hospitals
Healthcare Centers
Medical Nursing Homes
Medical Research Laboratories/Institutions

๐๐ฅ๐š๐œ๐ž ๐š๐ง ๐Ž๐ซ๐๐ž๐ซ ๐‚๐จ๐ฉ๐ฒ ๐จ๐Ÿ ๐ญ๐ก๐ž ๐‘๐ž๐ฉ๐จ๐ซ๐ญ:
https://www.transparencymarketresearch.com/checkout.php?rep_id=2543<ype=S&utm_source=OpenPR&utm_campaign=MansiR

๐Š๐ž๐ฒ ๐ƒ๐ž๐ฏ๐ž๐ฅ๐จ๐ฉ๐ฆ๐ž๐ง๐ญ๐ฌ:

In Juneย 2020, MedOne Company stated that it would be opening a new center for providing rent and services of medical equipment. The new center is expected to open in North Carolina. U.S.

In Marchย 2020, Med-Equip announced that it would acquire Martab equipment management services. The acquisition is being carried out in order to offer rentals of devices specially made such as home testing kits.

๐‘๐ž๐ ๐ข๐จ๐ง๐ฌ ๐‚๐จ๐ฏ๐ž๐ซ๐ž๐:

North America
Latin America
Europe
Latin America
Middle East & Africa

The medical equipment rental market is poised for continued growth and innovation, driven by evolving healthcare needs and technological advancements. As healthcare providers strive to optimize resource utilization and improve patient outcomes, the demand for rental services is expected to soar.

๐Œ๐š๐ซ๐ค๐ž๐ญ ๐“๐ซ๐ž๐ง๐๐ฌ:

Adoption of innovative rental models such as pay-per-use and leasing agreements.

Integration of Internet of Things (IoT) and artificial intelligence (AI) technologies to enhance equipment efficiency and performance.

Growing emphasis on sustainability and eco-friendly rental practices.

๐Š๐ž๐ฒ ๐Œ๐š๐ซ๐ค๐ž๐ญ ๐’๐ญ๐ฎ๐๐ฒ ๐๐จ๐ข๐ง๐ญ๐ฌ:

Market size and growth projections
Market segmentation analysis
Regional dynamics and growth opportunities
Key drivers, challenges, and trends shaping the market
Competitive landscape and strategic initiatives of key players

๐๐ซ๐จ๐ฐ๐ฌ๐ž ๐Œ๐จ๐ซ๐ž ๐‘๐ž๐ฉ๐จ๐ซ๐ญ๐ฌ ๐›๐ฒ ๐“๐Œ๐‘:

๐๐ซ๐š๐ค๐ž ๐๐š๐ ๐Œ๐š๐ซ๐ค๐ž๐ญ- https://www.globenewswire.com/news-release/2023/04/27/2656616/0/en/Brake-Pad-Market-is-Expected-to-Accelerate-at-a-Whopping-7-3-CAGR-Reaching-US-30-9-Billion-by-2031-Transparency-Market-Research.html

๐‡๐ž๐š๐ฅ๐ญ๐ก๐œ๐š๐ซ๐ž ๐๐ข๐จ๐ฆ๐ž๐ญ๐ซ๐ข๐œ๐ฌ ๐Œ๐š๐ซ๐ค๐ž๐ญ- https://www.globenewswire.com/news-release/2023/04/27/2656358/0/en/USD-74-08-Bn-Healthcare-Biometrics-Market-to-Expand-at-CAGR-of-15-5-during-2021-2028-Global-Analysis-by-Transparency-Market-Research.html

๐€๐›๐จ๐ฎ๐ญ ๐“๐ซ๐š๐ง๐ฌ๐ฉ๐š๐ซ๐ž๐ง๐œ๐ฒ ๐Œ๐š๐ซ๐ค๐ž๐ญ ๐‘๐ž๐ฌ๐ž๐š๐ซ๐œ๐ก

Transparency Market Research, a globalย market research companyย registered at Wilmington, Delaware, United States, provides custom research and consulting services. Our exclusive blend of quantitative forecasting and trends analysis provides forward-looking insights for thousands of decision makers. Our experienced team of Analysts, Researchers, and Consultants use proprietary data sources and various tools & techniques to gather and analyses information.

Our data repository is continuously updated and revised by a team of research experts, so that it always reflects the latest trends and information. With a broad research and analysis capability, Transparency Market Research employs rigorous primary and secondary research techniques in developing distinctive data sets and research material for business reports.

ย 

๐‚๐จ๐ง๐ญ๐š๐œ๐ญ:

Transparency Market Research Inc.
CORPORATE HEADQUARTER DOWNTOWN,
1000 N. West Street,
Suite 1200, Wilmington, Delaware 19801 USA
Tel: +1-518-618-1030
USA - Canada Toll Free: 866-552-3453
Website:ย https://www.transparencymarketresearch.comย ย ย ย  ย 
Email:ย sales@transparencymarketresearch.com
Follow Us:ย LinkedIn|ย Twitter|ย Blogย |ย YouTube

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 With 4.2% CAGR, Medical Equipment Rental Market to Surpass US$ 70.95 Bn by 2028 - Global Analysis by TMR here

News-ID: 3412438 • Views: โ€ฆ

More Releases from Transparency Market Research

Global Solar Powered Agricultural Dryer Market to Exceed USD 2.4 Billion by 2031 - Transparency Market Research
Global Solar Powered Agricultural Dryer Market to Exceed USD 2.4 Billion by 2031 โ€ฆ
The global solar powered agricultural dryer market, valued at US$ 1.6 billion in 2022, is projected to grow at a CAGR of 5.8% from 2023 to 2031, reaching US$ 2.4 billion by the end of 2031. Rising investments in renewable energy, growing awareness of sustainable agricultural practices, and the rapid expansion of the agricultural sector driven by population growth are key factors fueling market growth. Uncover essential discoveries and trends fromโ€ฆ
Technetium-99m Market Forecast 2034: Rising Demand for Diagnostic Imaging and Radiopharmaceuticals to Propel Market Expansion | Transparency Market Research, Inc
Technetium-99m Market Forecast 2034: Rising Demand for Diagnostic Imaging and Ra โ€ฆ
The global Technetiumโ€99m Market was valued at US$ 6.0 Billion in 2023 and is projected to grow at a CAGR of 3.3% from 2024 to 2034, surpassing US$ 8.6 Billion by the end of the forecast period. Advancements in nuclear imaging infrastructure, government-backed healthcare initiatives, and an increasing demand for precise diagnostic procedures are fueling this growth. Discover essential conclusions and data from our Report in this sample - https://www.transparencymarketresearch.com/sample/sample.php?flag=S&rep_id=77100 Analysts' Viewpoint The Technetiumโ€99mโ€ฆ
Equine Diagnostic Services Market Outlook 2030: From US$ 168 Million in 2019 to US$ 280 Million by 2030, Driven by Rising Equine Diseases and Diagnostic Advancements
Equine Diagnostic Services Market Outlook 2030: From US$ 168 Million in 2019 to โ€ฆ
The global Equine Diagnostic Services Market, valued at approximately US$ 168 million in 2019, is projected to expand at a compound annual growth rate (CAGR) of ~5% from 2020 to 2030, reaching around US$ 280 million by 2030. Equine diagnostic services, encompassing tests like genetic, infectious disease, and imaging diagnostics, are critical for managing horse health in veterinary hospitals, clinics, and mobile settings. The market is driven by increasing equineโ€ฆ
Digital Printing Market to Reach USD 54.4 Billion by 2034, Growing at a CAGR of 6.1%
Digital Printing Market to Reach USD 54.4 Billion by 2034, Growing at a CAGR of โ€ฆ
The digital printing market is experiencing strong growth, driven by rapid technological advancements, rising demand for personalized and on-demand printing, and an increasing focus on sustainable solutions. Digital printing allows for the direct transfer of digital files onto a wide range of substrates, offering high-resolution output with greater speed and flexibility. Its adaptability has led to broad adoption across industries such as packaging, textiles, publishing, and advertising-sectors where customization, efficiency,โ€ฆ

All 5 Releases


More Releases for Equipment

Construction Equipment Rental (Ez Equipment Rental)
Whatever Your Project Needs, We Have The Solution We understand purchasing heavy equipment isn't always the best option for a business, especially if you only need a machine temporarily. EZ Equipment Rental LLC services industrial businesses with the equipment they need to operate, as well as homeowners and handymen tackling residential projects. Our inventory is stocked with bucket trucks, concrete equipment, generators, lighting, pumps, saws, jumping jacks, air compressors, pressure washers, earthmovingโ€ฆ
Laboratory Equipment Services Market, By Equipment Type (Analytical Equipment, G โ€ฆ
Laboratory equipment services basically encompass a wide range of services such as repair and maintenance, calibration, and validation that help labs run more efficiently, increase machine uptime, and improve testing and production results. Equipment servicing, user training, installation & modification, maintenance services, and equipment validation and calibration are just a few of the services available. View Detailed Report: https://www.databridgemarketresearch.com/reports/global-laboratory-equipment-services-market Global Laboratory equipment services Market was valued at USD 10.86 billion in 2021โ€ฆ
Food Service Equipment Market Size, Share, Trends, Growth Analysis Report By Equ โ€ฆ
The Business Research Company has updated its global market reports with latest data for 2024 and projections up to 2033 The Business Research Company presents an extensive market research report on the ""Food Service Equipment Global Market Report 2024,"" furnishing businesses with a competitive edge through a detailed examination of the market structure, encompassing estimates for various segments and sub-segments. Furthermore, the report highlights on emerging trends, significant drivers, challenges, and opportunities,โ€ฆ
Coating Equipment Market by Type (Powder coating equipment, Liquid coating equip โ€ฆ
The Coating Equipment Market research report incorporates the scope and objective of the study. Moreover, the report highlights key market segments and players covered. It also covers industry trends, focusing on market use cases and top market size by region, market trends, and global market size. Moreover, the Coating Equipment Market research report covers market growth rate and market share by region. Supply chain analysis, regional marketing analysis, opportunities, challenges,โ€ฆ
Global Construction Equipment Rental Market 2018 - Ahern Equipment Rental, Cater โ€ฆ
The global Construction Equipment Rental market research report 2019 -2023 proposes a thorough analysis of the Construction Equipment Rental market globally. The market analysis considerably focuses on providing data to the consumers related to the three major segments, which include the growth rate of the market, the size of the market, and industrial-chain analysis. The Construction Equipment Rental market report provides a wide-range of Construction Equipment Rental market segmentation Earthmovingโ€ฆ
Durable Medical Equipment Market Size, Durable Medical Equipment Market Share, D โ€ฆ
According to a new study published by Polaris Market Research the Global Durable Medical Equipment (DME) market is anticipated to reach USD 246.6 billion by 2026. Request for Sample of This Research Report @ https://bit.ly/2PNhMF7 Top Key Players:- Stryker Corporation Medtronic plc Baxter International Medline Industries Becton Dickinson and Company Sunrise Medical (US) LLC Durable Medical Equipment (DME) is provides beneficial benefits to a patient in need because of certain illnesses or/ and medical conditions. The durable medical equipmentโ€ฆ