Medical Equipment Rental Market Insights:
The Medical Equipment Rental Market was analyzed which was worth USD 56.25 Billion in the year 2022, expecting a CAGR of 6.14% during the forecast period (2023-2030), and the market is projected to be valued at USD 90.61 Billion by 2030.
Driver:
The increased adoption of Medical Equipment Rental in the Medical Devices is due to high workability, Stability of structure, good quality, and Demand for making things better. The demand for Medical Equipment Rental also has other significant aspects, such as analysis, purchasing volume, costs, pricing analysis, and regulatory framework. Additionally, the increased demand of Medical Equipment Rental in many sectors also boosts the market growth during the forecast period.
Medical equipment rental refers to the practice of renting medical equipment to patients, healthcare facilities, or medical professionals for a temporary period. This equipment can include a wide range of devices, such as hospital beds, wheelchairs, oxygen tanks, ventilators, monitors, infusion pumps, and other medical instruments. Medical equipment rental is often used by patients who need specialized medical equipment for a short period of time or those who do not want to purchase the equipment outright.
Medical Equipment Rental Market Research Report” was just released by Market Research Community. It is divided into several categories, including type (Durable Medical Equipment for acute care, long term care and emergency & trauma care, Electronic/Digital Equipment, Storage and Transport, Personality Mobility Device), application (Institutes and laboratories, Personal/Home care, Healthcare), and companies (Woodley Equipment group, Siemens Financial Services, Inc, Med One Group, Nunn’s Home Medical Equipment Company Ltd., Westside Medical Supply, Hill-Rom Holdings Inc.), According to the analysis of Market Research Community, The market is projected to grow at a significant pace reaching a CAGR of approximately 6.14%, over the forecast period of 2023–2030.
Report Coverage:
| Report Attributes | Report Details |
| Study Timeline | 2017-2030 |
| Market Size in 2030 (USD Billion) | 90.61 Billion |
| CAGR (2023-2030) | 6.14% |
| By Type | Durable Medical Equipment for acute care, long term care and emergency & trauma care, Electronic/Digital Equipment, Storage and Transport, Personality Mobility Device |
| By Application | Institutes and laboratories, Personal/Home care, Healthcare |
| By Geography | North America, Europe, Asia Pacific, Latin America, Middle East and Africa |
| Key Players | Woodley Equipment group, Siemens Financial Services, Inc, Med One Group, Nunn’s Home Medical Equipment Company Ltd., Westside Medical Supply, Hill-Rom Holdings Inc. |
Covid-19 Impact:
The COVID-19 pandemic has had a substantial negative influence on the Medical Equipment Rental market in many different regions of the world. The factors such as limited availability of raw materials, transportation restrictions, the shutdown of manufacturing facilities, and economic slowdown are the major impacts of COVID-19 which hampered the market growth. Shipments were impacted during the initial lockdown due to halted automotive productions and stringent government rules. The overall impact of COVID-19 on the industry is estimated to be minimal because the situation has stabilised. Post covid-19, there was a positive impact on the market growth due to the increased industrial manufacturing processes and rising demand for environment-friendly alternatives.
Industry Competitive Landscape:
The research includes comprehensive profiles of the key players in the market and an analysis of the competitive landscape. The market for sample preparation has grown more quickly as a result of the spike in research and development (R&D), product innovation, different business strategies, and application releases. Key players in the market include-
Woodley Equipment group, Siemens Financial Services, Inc, Med One Group, Nunn’s Home Medical Equipment Company Ltd., Westside Medical Supply, Hill-Rom Holdings Inc.
Market Segment Analysis:
By Type
- Durable Medical Equipment for acute care, long term care and emergency & trauma care
- Electronic/Digital Equipment
- Storage and Transport
- Personality Mobility Device
By Application
- Institutes and laboratories
- Personal/Home care
- Healthcare
Region
The regional segment includes Asia Pacific, Europe, North America, the Middle East, and Africa, Latin America. In 2022, some of these regions expected to contribute the largest share during the forecast period.
The factors such as the large and easy availability of basic things, rising purchasing power among the population, and favorable government policies and industrial facilities are estimated to accelerate the industry growth in the region. The growing rate of industrialization is anticipated to boost the presence of Medical Equipment Rental industries in the region.
Key Medical Equipment Rental Market Trends
– Based on type, sub-type, technology utilised, applications, end-users, and geographies, the research identifies, defines, and predicts the Global Medical Equipment Rental Market segments.
– Largest Market Share Held by Industry to Industry for Medical Equipment Rental
– Based on their expected growth, development patterns and prospects for the future, and contributions to the overall market, it analyses the micro markets.
– Demand from the geographical area is estimated to boost growth.
– Growing Market Segment Adoption in the Medical Equipment Rental Industry
– Over the forecast period, higher growth rates are anticipated in in some regions
Why Purchase the Industry Report by MRC
There is a huge amount of information in the report, including market trends and business opportunities for the forecast period.
Segments and sub-segments include quantitative, qualitative, value (USD Million,) and volume (Units Million) statistics.
Data at the regional, sub-regional, and national levels also includes information on the market’s supply and demand dynamics.
The competitive landscape includes the proportions of important players, recent innovations, and strategy.
Comprehensive product offerings, important financial data, latest advancements, SWOT analysis, and key player tactics.
Table of Content
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Research Methodology
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