2025-2034 Medical Equipment Rental Market Roadmap: Insights for Competitive Advantage

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How Large Will the Medical Equipment Rental Market Size By 2025?
In recent years, the market for renting medical equipment has seen vigorous expansion. The market, which was worth $61.26 billion in 2024, is anticipated to inflate to $64.43 billion in 2025, recording a compound annual growth rate (CAGR) of 5.2%. The driving factors for the growth during the historic period include cost containment, regulatory compliance, flexibility and scalability, focus on main competencies, as well as emerging markets.

How Big Is the Medical Equipment Rental Market Size Expected to Grow by 2029?
The market size of medical equipment rental is anticipated to experience a substantial expansion in the forthcoming years. The market forecast predicts a growth to "$82.45 billion by 2029 with a compound annual growth rate (CAGR) of 6.4%. Reasons for this growth throughout the projection period can be credited to escalating costs of healthcare, need for temporary solutions, compliance with tough standards, proficiency in healthcare management, and worldwide growth. Predominant trends during the forecast period would be the rising need for cost-efficient solutions, technology development fostering rentals, emergence of home healthcare services, necessity for flexibility and scalability, and emphasis on sustainable practices.

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Which Key Market Drivers Powering Medical Equipment Rental Market Expansion and Growth?
The growth of medical equipment rental is anticipated to be fuelled by an increase in the number of hospitals, diagnostic labs, and surgical facilities. These establishments must have a variety of medical tools to provide top-notch healthcare, but may not always have sufficient capital to purchase everything at once. This issue is resolved by medical equipment rental firms, which offer assorted devices for either short- or long-term use, providing a financially beneficial alternative. For instance, Health Affairs, a non-profit organization from the US, revealed in December 2023 that the income generated from US medical and diagnostic labs was $4.5 trillion in 2022, a 4.1% rise from $4.3 trillion in the previous year. Hence, it is evident that the boost in the number of hospitals, diagnostic labs, and surgical facilities is the driving force behind the expansion of the medical equipment rental market.

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Which Fast-Growing Trends Are Poised to Disrupt the Medical Equipment Rental Market?
In the medical equipment rental market, technological advancements are enhancing equipment management for clinicians. In May 2022, US Med-Equip launched the GoUSME App for iOS and Android, allowing healthcare staff to locate and manage rented equipment using passive RFID technology for preventive maintenance and efficiency.

What Are the Emerging Segments in 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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Who Are the Global Leaders in the Medical Equipment Rental Market?
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.

Which are the Top Profitable Regional Markets for the Medical Equipment Rental Industry?
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

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