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Medical Equipment Rental Global Market Report 2025: Exploring the Market Size, Growth Rate, Key Players, and Future Trends
Medical Equipment Rental Global Market
Growing Market Dominated by Cost-Effective Solutions and Technological Advancements
What Is The Projected Market Size Of The Global Medical Equipment Rental Global Market Report 2025 And Its Growth Rate?
• The medical equipment rental market size was worth $61.26 billion in 2024 and is forecasted to reach $64.43 billion in 2025, exhibiting a compound annual growth rate (CAGR) of 5.2%.
• Due to reasons such as cost containment, regulatory compliance, and focus on core competencies, the market saw robust growth in the historic period.
• The market size is projected to grow to $82.45 billion in 2029 at a CAGR of 6.4% which can be attributed to factors such as rising healthcare costs and the demand for short-term solutions.
What Is Driving The Growth In The Medical Equipment Rental Global Market Report 2025?
The expansion seen in the number of hospitals, diagnostic laboratories, and surgery centers is a significant factor for the growth of the medical equipment rental market. These facilities require a plethora of medical equipment to provide top-notch healthcare services but may not have sufficient funds to purchase them outrightly. Companies offering medical equipment rentals provide these facilities with cost-effective options, allowing them access to various equipment on a short-term or a long-term basis. For example, the US-based non-profit organization, Health Affairs, reported that the revenue from US medical and diagnostic laboratories reached $4.5 trillion in 2022, which was a 4.1% increase from $4.3 trillion in the previous year. This rise in the number of healthcare facilities signifies the driving growth of the medical equipment rental market.
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Who Are the Key Players Driving Medical Equipment Rental Global Market Report 2025 Growth?
• Siemens Financial Service Inc.
• Nunn's Home Medical Equipment
• Westside Medical Supply
• Universal Hospital Services Inc.
• Woodley Equipment Company Ltd.
• Apria Healthcare Group Inc.
• Centric Health Corporation
• AGITO Medical A/S
• US Med-Equip Inc.
• Walgreen Co.
• General Electric
• China Huarong Financial Leasing Co. Ltd.
• Meridian Group International
• Mizuho Leasing Company Limited
• Stryker Corporation
• Agiliti Inc.
• Avante Health Solutions
• United Rentals Inc.
• Block Imaging
• Jamie's Medical Imaging
• PrizMED Imaging
• Radiology Oncology Systems Inc.
• National Diagnostic Imaging
• Providian Medical Equipment Inc.
• Future Health Concepts Inc.
• Direct Medical Imaging LLC
• Multi Imager Service Inc.
What Are The Key Trends In The Medical Equipment Rental Global Market Report 2025?
• Rising demand for cost-effective solutions
• Technological advancements driving rentals
• Rise of home healthcare services
• Increasing need for scalability and flexibility
• Focus on sustainable practices
What Are The Segments Of The Global Medical Equipment Rental Global Market Report 2025?
• Personal Or Home Care Equipment
• Electronic Or Digital Equipment
• Surgical Equipment
• Durable Medical Equipment
• Long Term Care
• Acute Care
• Emergency And Trauma
• Storage And Transport
Which Region Leads The Medical Equipment Rental Global Market Report 2025?
In 2024, North America led the market of medical equipment rental. However, other regions highlighted in the report include Asia-Pacific, Western Europe, Eastern Europe, South America, Middle East, and Africa.
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What Is Covered In The Medical Equipment Rental Global Market Report 2025 Global Market Report?
- Market Size Analysis: Analyze the Medical Equipment Rental Global Market Report 2025 size by key regions, countries, product types, and applications.
- Market Segmentation Analysis: Identify various subsegments within the Medical Equipment Rental Global Market Report 2025 for effective categorization.
- Key Player Focus: Focus on key players to define their market value, share, and competitive landscape.
- Growth Trends Analysis: Examine individual growth trends and prospects in the Market.
- Market Contribution: Evaluate contributions of different segments to the overall Medical Equipment Rental Global Market Report 2025 growth.
- Growth Drivers: Detail key factors influencing market growth, including opportunities and drivers.
- Industry Challenges: Analyze challenges and risks affecting the Medical Equipment Rental Global Market Report 2025.
- Competitive Developments: Analyze competitive developments, such as expansions, agreements, and new product launches in the market.
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