As more countries struggle financially and have smaller budgets for healthcare institutions, renting medical equipment is becoming more common. For people who have limited financial resources and find it challenging to obtain a loan, renting medical equipment is a viable choice. The expansion of the patient base will help the market grow, and there will be a high demand for medical equipment.
The global Medical Equipment Rental Market was valued at US$ 46.9 Bn in 2022 and is forecast to reach a value of US$ 69.1 Bn by 2030 at a CAGR of 5.0% between 2023 and 2030.
Major Players in the Medical Equipment Rental Industry:
1. U.S. Med-Equip
Ferring B.V. founded in 2003 and its headquarters Houston, Texas, United States . The company operates in 20 countries. US Med-Equip is a provider of movable medical equipment (MME) rentals, sales, asset management, and RFID-based tracking systems for hospitals
2. Hill-Rom Holdings
Hill-Rom Holdings founded in 1915, and its Headquarters located in Chicago, Illinois, United States . The company operates in 100 nations.
3 Siemens Financial Services Inc
Siemens Financial Services Inc was launch in 2005 and it’s headquarter located Munich, Germany.it operate over 190 country.
4. Nunn’s Home Medical Equipment
Nunn’s Home Medical Equipment was launch in 1942 and headquarters are in Northeastern US.it operate over 50 country.
5. Westside Medical Supply
Westside Medical Supply was founded 1999 with its headquarters in Rochester, New York USA. With businesses in over 55 countries.
6. Universal Hospital Services, Inc
Universal Hospital Services, Inc . was launch in 1978. And its headquarter USA . It operate over 25 country. Universal Hospital Services, Inc., (“UHS”) a leading provider of medical equipment lifecycle services, announced today that it has entered, Medical Equipment Rental market.
Definition- Renting medical equipment is on the rise as many nations worldwide are financially struggling due to which there are fewer budgets for healthcare facilities. Medical equipment rental is a suitable option for those who have limited financial means and find it difficult to get a loan.
