MEDICAL EQUIPMENT RENTAL MARKET ANALYSIS

Regional Analysis

Global Medical Equipment Rental Market: Regional Insights

Based on geography, the global medical equipment rental market is segmented into North America, Latin America, Europe, Asia Pacific, Middle East, and Africa.

Among regions, North America is expected to gain highest share in the market during the forecast period owing to the rise in burden of chronic diseases, rise in demand for healthcare services, rise in demand for medical equipment, and well-established healthcare infrastructure in the region. For instance, in January 2023, Turn Medical partnered with USME (US Med-Equip) to widen access to the start-up’s first product for critically ill people with severe respiratory issues. The partnership accelerates hospitals’ access to Turn Medical’s Pronova-O2 Automated Prone Therapy System, an automated hospital bed that rotates patients to a prone position onto their abdomen.

Moreover, Europe and Asia Pacific are also expected to witness significant growth in the global medical equipment rental market owing to the rise in patient pool (due to rise in burden of chronic diseases), rise in demand for medical equipment, rise in demand for healthcare services, and well-established healthcare infrastructure in these region. For instance, IRM Europe is one of the leading provider of rental medical equipment. IRM Europe supplies equipment for clinical trials, as well as pays attention to developing nations, where several patients couldn’t afford to use costly medical equipment due to inadequate medical infrastructure.

• North America: U.S. and Canada
• Latin America: Brazil, Argentina, Mexico, and Rest of Latin America
• Europe: Germany, U.K., Spain, France, Italy, Russia, and Rest of Europe
• Asia Pacific: China, India, Japan, Australia, South Korea, ASEAN, and Rest of Asia Pacific
• Middle East: GCC Countries, Israel, and Rest of Middle East
• Africa: South Africa, North Africa, and Central Africa