Medical Equipment Rental Market Updates : Projected to Surpass USD 94.5 Billion by 2032

Allied Market Research published a report, titled, "Medical Equipment Rental Market by Type (Durable Medical Equipment, Electronic Medical Equipment, Storage and Transport Equipment, and Others) and End user (Hospitals, Homecare and Others): Global Opportunity Analysis and Industry Forecast, 2023-2032". According to the report, the global medical equipment rental market generated $56.0 billion in 2022 and is estimated to reach $94.5 billion by 2032, exhibiting a CAGR of 5.4% from 2023 to 2032. 

𝐑𝐞𝐪𝐮𝐞𝐬𝐭 𝐒𝐚𝐦𝐩𝐥𝐞 𝐨𝐟 𝐭𝐡𝐞 𝐑𝐞𝐩𝐨𝐫𝐭: https://www.alliedmarketresearch.com/request-sample/14751

The growth of the medical equipment rental market is driven by several key factors. These include cost efficiency, growing demand for rental medical equipment in hospitals, and an increase in the population of disabled patients. Purchasing medical equipment can pose a substantial financial burden for hospitals, especially when it comes to expensive or specialized equipment.

Renting provides a more efficient allocation of financial resources, allowing hospitals to redirect funds toward other critical areas of patient care. However, stringent regulatory compliance may hinder market growth in the future. Despite this challenge, the rise in preference for telemedicine and remote healthcare services presents new opportunities for growth.

The durable medical equipment segment, which includes items like oxygen supplies, wheelchairs, and blood testing strips, accounted for the largest share of the market in 2022 and is expected to continue its dominance. This is driven by increasing demand for long-term patient care and the rising prevalence of chronic diseases that require specialized equipment. In terms of end users, hospitals currently occupy the highest share of the market due to the cost-effectiveness and flexibility of rental options.

However, the home care segment is projected to experience significant growth, particularly driven by the preferences of the geriatric and disabled populations.

𝐅𝐨𝐫 𝐏𝐮𝐫𝐜𝐡𝐚𝐬𝐞 𝐈𝐧𝐪𝐮𝐢𝐫𝐲 - https://www.alliedmarketresearch.com/purchase-enquiry/14751

Regionally, North America is expected to lead the market in 2022, with factors such as a growing elderly population, a focus on patient-centric care, and the availability of medical rental equipment on e-commerce platforms contributing to its dominance. Meanwhile, Asia-Pacific is anticipated to exhibit notable growth throughout the forecast period, fueled by a large patient population, increasing medical tourism, and advancements in healthcare infrastructure.

𝐊𝐞𝐲 𝐅𝐢𝐧𝐝𝐢𝐧𝐠𝐬 𝐨𝐟 𝐓𝐡𝐞 𝐒𝐭𝐮𝐝𝐲

On the basis of type, the durable medical equipment segment was the highest contributor to the market in 2022.
On the basis of end user, the hospital segment dominated the market in terms of revenue in 2022. However, the homecare segment is anticipated to grow at the highest CAGR during the forecast period.
On the basis of region, North America generated the largest revenue in 2022. However, Asia-Pacific is anticipated to grow at the highest CAGR during the forecast period.

𝐑𝐞𝐜𝐞𝐧𝐭 𝐏𝐚𝐫𝐭𝐧𝐞𝐫𝐬𝐡𝐢𝐩 𝐢𝐧 𝐭𝐡𝐞 𝐌𝐞𝐝𝐢𝐜𝐚𝐥 𝐞𝐪𝐮𝐢𝐩𝐦𝐞𝐧𝐭 𝐫𝐞𝐧𝐭𝐚𝐥 𝐦𝐚𝐫𝐤𝐞𝐭

In March 2022, Med One Group, an industry leader in medical equipment rental, leasing, and sales, announced the partnership with Partners Cooperative, Inc. The partnership allows Partners Cooperative members to have greater access to rental equipment from Med One. Partners membership consists of over 130 hospitals, healthcare facilities, and clinics.

𝐑𝐞𝐜𝐞𝐧𝐭 𝐀𝐜𝐪𝐮𝐢𝐬𝐢𝐭𝐢𝐨𝐧 𝐢𝐧 𝐭𝐡𝐞 𝐌𝐞𝐝𝐢𝐜𝐚𝐥 𝐞𝐪𝐮𝐢𝐩𝐦𝐞𝐧𝐭 𝐫𝐞𝐧𝐭𝐚𝐥 𝐦𝐚𝐫𝐤𝐞𝐭

In October 2021, Agiliti Health, Inc., an essential service provider to the U.S. healthcare industry announced that it has completed the previously announced acquisition of Sizewise Rentals, LLC, a manufacturer and distributor of specialty hospital beds, surfaces, and patient-handling equipment.

𝐃𝐨 𝐂𝐮𝐬𝐭𝐨𝐦𝐢𝐳𝐚𝐭𝐢𝐨𝐧 𝐨𝐟 𝐭𝐡𝐢𝐬 𝐑𝐞𝐩𝐨𝐫𝐭 https://www.alliedmarketresearch.com/request-for-customization/A14382

𝐊𝐞𝐲 𝐁𝐞𝐧𝐞𝐟𝐢𝐭𝐬 𝐅𝐨𝐫 𝐒𝐭𝐚𝐤𝐞𝐡𝐨𝐥𝐝𝐞𝐫𝐬
This report provides a quantitative analysis of the market segments, current trends, estimations, and dynamics of the medical equipment rental market analysis from 2022 to 2032 to identify the prevailing medical equipment rental market opportunities.

The market research is offered along with information related to key drivers, restraints, and opportunities.

Porter's five forces analysis highlights the potency of buyers and suppliers to enable stakeholders make profit-oriented business decisions and strengthen their supplier-buyer network.

In-depth analysis of the medical equipment rental market segmentation assists to determine the prevailing market opportunities.

Major countries in each region are mapped according to their revenue contribution to the global market.

Market player positioning facilitates benchmarking and provides a clear understanding of the present position of the market players.

The report includes the analysis of the regional as well as global medical equipment rental market trends, key players, market segments, application areas, and market growth strategies.

𝐋𝐞𝐚𝐝𝐢𝐧𝐠 𝐌𝐚𝐫𝐤𝐞𝐭 𝐏𝐥𝐚𝐲𝐞𝐫𝐬: - 
Med One Group LLC 
Portea Medical Pvt. Ltd. 
Medirent Services Pvt. Ltd 
Us Med-Equip 
Westside Medical Supply 
Agiliti Health, Inc. 
Arjohuntleigh Ab 
Usa Medical Supply 
Baxter International Inc. 
Avante Health Solutions

𝐊𝐧𝐨𝐰 𝐌𝐨𝐫𝐞- https://www.alliedmarketresearch.com/medical-equipment-rental-market-A14382

David Correa
5933 NE Win Sivers Drive
#205, Portland, OR 97220
United States
USA/Canada (Toll Free): +1-800-792-5285, +1-503-894-6022
UK: +44-845-528-1300
Hong Kong: +852-301-84916
India (Pune): +91-20-66346060
Fax: +1(855)550-5975
help@alliedmarketresearch.com
Follow Us on Blog: https://www.dailyreportsworld.com/

Allied Market Research (AMR) is a full-service market research and business-consulting wing of Allied Analytics LLP, based in Portland, Oregon. Allied Market Research provides global enterprises as well as medium and small businesses with unmatched quality of "Market Research Reports" and "Business Intelligence Solutions." AMR has a targeted view of providing business insights and consulting to assist its clients in making strategic business decisions and achieving sustainable growth in their respective market domain.

We have professional corporate relations with various companies and this helps us dig out market data that helps us generate accurate research data tables and confirms utmost accuracy in our market forecasting. Allied Market Research CEO Pawan Kumar is instrumental in inspiring and encouraging everyone associated with the company to maintain high-quality of data and help clients in every way possible to achieve success. Each and every piece of data presented in the reports published by us is extracted through primary interviews with top officials from leading companies in domain concerned. Our secondary data procurement methodology includes deep online and offline research and discussion with knowledgeable professionals and analysts in the industry.

This release was published on openPR.