The transformation of healthcare systems towards a more patient-centric focus has given rise to an emerging area: the rental of home healthcare equipment that enhances the patient's comfort, convenience, and affordability. As of 2022, the global medical device rental industry was valued at approximately USD 46.9 billion and is expected to grow at a CAGR of 5% from 2023 to 2030, reaching USD 69.1 billion by 2030. The industry’s pivot to the hiring of medical devices for home care services facilitates essential caregiving during house calls and telehealth consults.
Why Medical Equipment Rental is Important for Home Healthcare
Home healthcare services are an effective alternative to healthcare institution services for patients suffering from chronic ailments, those needing post-surgical care, and elderly patients who require assistance. Moreover, renting medical equipment as opposed to buying devices guarantees care for the equipment without incurring unnecessary expenses. The patience of caregivers and family members is rewarded with auxiliary flexibility in patient care from the home, whereby all required equipment is easily available.
By choosing home healthcare equipment rental, the patient can:
- Get treated in a comfortable setting equipped with all the necessary tools.
- Shorten the time spent in a hospital, reducing the chances of acquiring an infection.
- Reduce the financial burden of spending on medical equipment needed for surveillance.
Most Rented Medical Devices for Homecare Services
A variety of devices that can be rented out to the patients are beneficial for different patients and their healthcare needs, including:
- Oxygen Concentrators & Respiratory Aids—These are critical for respiratory ailment sufferers like COPD and asthma patients.
- Mobility Aids: For post-surgical and impaired persons, wheelchairs, walkers, and hospital beds are very useful.
- Monitoring Devices: Healthcare partners and patients can monitor their health conditions using blood pressure monitors, pulse oximeters, and glucose meters.
- CPAP & BiPAP Machines: Used for sleep apnea, these devices aid people to breathe while sleeping.
Remote Patient Monitoring and Telemedicine: These Rentals Are Now Possible
Rentals of telemedicine equipment for remote monitoring of patients are also possible with the advancement of telehealth services and the introduction of medical device rentals. Technology in healthcare makes it possible for doctors to monitor patients in real-time, enhancing accessibility and response time.
Below are the details regarding renting medical equipment over telemedicine that is commonly asked for:
- Portable ECG Monitors: Allowing remote monitoring of heart activity.
- Digital Stethoscopes: Allowing remote consultations between a doctor and patients.
- Wearable Health Trackers: Advanced health gadgets that provide real-time data to the patients' service providers.
These devices serve as a bridge between traditional medicine and digital medicine, allowing the patient to receive assistance at the right time.
Benefits of Renting Medical Equipment for Home Care
- Affordability: Renting medical devices is a better option than the purchase of costly medical devices.
- Flexibility & Convenience: Patients are able to rent the equipment for as long as they need and return the device once the patient's condition has improved.
- Access to Advanced Technology: Medical technology is continuously advancing and providing the most ideal solution.
- Reduced Hospital Visits: Increased monitoring from home combined with home care services reduces the necessity of physical check-ups.
The Bottom Line
The focus on home-based patient care and virtual medicine has fueled the necessity of renting home healthcare equipment. Renting medical devices for home care can bring great relief to the patients as well as the caregivers. Patients will be able to improve their quality of life without a financial dilemma. With the expansion of telemedicine equipment rental services, home healthcare will be easier and more effective.
