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Emerging Trends Influencing The Growth Of The Medical Equipment Rental Market:Innovative Technological Advancements Transforming The Landscape Of Medical Equipment Rental
Medical Equipment Rental Market Size
How Big Is the Medical Equipment Rental Market Size Expected to Be by 2034?
The Medical Equipment Rental Market Report by The Business Research Company delivers a detailed market assessment, covering size projections from 2025 to 2034. This report explores crucial market trends, major drivers and market segmentation by [key segment categories].
How Big Is the Medical Equipment Rental Market Size Expected to Be by 2034?
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What Are the Emerging Segments Within the Medical Equipment Rental Market?
The medical equipment rental market covered in this report is segmented -
1) By Type: 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
2) By End-User: Hospitals, Personal Or Home Care, Institutional, Other End-Users
Subsegments:
1) By Personal Or Home Care Equipment: Wheelchairs, Hospital Beds, Oxygen Equipment, Mobility Aids
2) By Electronic Or Digital Equipment: Patient Monitors, Diagnostic Imaging Equipment, Infusion Pumps, Electrocardiogram (ECG) Machines
3) By Surgical Equipment: Surgical Instruments, Operating Tables, Anesthesia Machines, Surgical Lights
4) By Durable Medical Equipment: Crutches, Walkers, Shower Chairs, Lift Chairs
5) By Long Term Care: Bedside Monitors, Patient Lifts, Incontinence Supplies, Rehabilitation Equipment
6) By Acute Care: Ventilators, Cardiac Monitors, Infusion Pumps, Defibrillators
7) By Emergency And Trauma: Stretchers, Trauma Kits, Automated External Defibrillators (AEDs), Portable Suction Units
8) By Storage And Transport: Medical Carts, Transport Stretchers, Medical Storage Units, Refrigerators For Medications
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What Long-Term Drivers Are Shaping Medical Equipment Rental Market Trends?
The increasing establishment of hospitals, diagnostic labs, and surgical centers is predicted to spur growth in the field of medical equipment rental in the future. Since these facilities need various types of medical equipment to provide top-notch healthcare services, they may not have the required capital to purchase this equipment in one go. Hence, medical equipment rental companies offer a variety of such apparatus on a short or long-term basis - a more economical solution. For example, Health Affairs, a non-profit organization based in the US, revealed that the revenue from US medical and diagnostic laboratories hit $4.5 trillion in 2022 from $4.3 trillion that recorded a 4.1% increase from the previous year. This surge in the number of hospitals, diagnostic laboratories, and surgery centers is fueling the expansion of the medical equipment rental market.
Who Are the Top Competitors in Key Medical Equipment Rental Market Segments?
Major companies operating in the medical equipment rental market include 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 Medical Equipment Rental Market Trends Are Gaining Traction Across Different Segments?
The progression of technology is a notable trend emerging in the medical equipment rental market. Dominant companies in this sector are aiming to create innovative solutions to maintain their market standing. For instance, US Med-Equip, a company based in the US that supplies medical and hospital equipment rentals, unveiled the GoUSME App in May 2022. This app is an online platform available on iOS and Android, specifically designed to facilitate healthcare workers in ordering and managing rented medical equipment from US Med-Equip at the touch of a button. Taking advantage of passive RFID technology, it's an inclusive system that aids in identifying and locating both owned and rented mobile medical equipment used by healthcare providers. Hospitals can use the RFID reader scans to locate the equipment tagged with RFID for performing preventive maintenance.
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Which Regions Are Becoming Hubs for Medical Equipment Rental Market Innovation?
North America was the largest region in the medical equipment rental market in 2024. The regions covered in the medical equipment rental market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa
Frequently Asked Questions:
1. What Is the Market Size and Growth Rate of the Medical Equipment Rental Market?
2. What is the CAGR expected in the Medical Equipment Rental Market?
3. What Are the Key Innovations Transforming the Medical Equipment Rental Industry?
4. Which Region Is Leading the Medical Equipment Rental Market?
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