Renting of medical equipment is on the rise as many countries around the world are struggling economically owing to low 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.

Market Dynamics:

Rise in burden of chronic diseases, rising number of hospitals or medical facilities, rising adoption of leasing healthcare equipment, growing adoption of medical assist devices, and growing demand for advanced healthcare equipment are major factors expected to augment the growth of the global medical equipment rental market over the forecast period.

For instance, in May 2023, the Nigeria Sovereign Investment Authority (NSIA) launched two of its flagship companies namely NSIA Advanced Medical Service Ltd. (MedServe) and Equilease Systems Limited (Equilease). MedServe’s goal is to provide high quality and affordable healthcare services and ensure equitable geographic access to these services across the country. EquiLease is a specialized equipment leasing service provider. The company will provide medical equipment leasing services, leveraging its strategic advantage to catalyze investments in healthcare institution and facilitating the acquisition of equipment to improve the quality of healthcare in Nigeria.

Key features of the study:

• This report provides in-depth analysis of the global medical equipment rental market, and provides market size (US$ Billion) and compound annual growth rate (CAGR%) for the forecast period (2023-2030), considering 2022 as the base year.
• It elucidates potential revenue opportunities across different segments and explains attractive investment proposition matrices for this market.
• This study also provides key insights about market drivers, restraints, opportunities, new product launches or approval, market trends, regional outlook, and competitive strategies adopted by key players.
• It profiles key players in the global medical equipment rental market based on the following parameters such as company highlights, products portfolio, key highlights, financial performance, and strategies.
• Key companies covered as a part of this study include U.S. Med-Equip, Inc., Hill-Rom Holdings, Inc., Siemens Financial Services Inc., Nunn’s Home Medical Equipment, Westside Medical Supply, and Universal Hospital Services, Inc., among others.
• Insights from this report would allow marketers and the management authorities of the companies to make informed decisions regarding their future product launches, type up-gradation, market expansion, and marketing tactics.
• The global medical equipment rental market report caters to various stakeholders in this industry including investors, suppliers, product manufacturers, distributors, new entrants, and financial analysts.
• Stakeholders would have ease in decision-making through various strategy matrices used in analyzing the global medical equipment rental market.

Detailed Segmentation:

• Global Medical Equipment Rental Market, By Product:
  • Surgical Equipment
  • Durable Medical Equipment (DME)
  • Storage and Transport
• Global Medical Equipment Rental Market, By End-Use:
  • Personal/Home Care
  • Institutes and Laboratories
  • Hospitals
• Global Medical Equipment Rental Market, By Geography:
  • North America
  • Latin America
  • Europe
  • Asia Pacific
  • Middle East
  • Africa
• Company Profiles:
  • U.S. Med-Equip, Inc.
  • Hill-Rom Holdings, Inc.
  • Siemens Financial Services Inc.
  • Nunn’s Home Medical Equipment
  • Westside Medical Supply
  • Universal Hospital Services, Inc.