Medical Equipment Rental Market Scope and Size by 2031
Medical equipment rental consist of range of equipment and instruments that are used in healthcare settings. This medical equipment rental industry consist of companies which are engaged in rental of medical as well as surgical equipment. Medical rental equipment consist of equipment such as, durable medical equipment, storage and transport equipment and surgical equipment. The market is driven by factor such as, rising preference for rental devices instead of procuring and increased demand for home healthcare.
MARKET DYNAMICS
The Medical Equipment Rental market is anticipated to grow in the forecast period owing to factors such as, rising preference for rental devices instead of procuring them, increased prevalence of chronic diseases across the globe which also need monitoring devices at home so rise in demand for home care settings. Moreover, rising healthcare expenditure and technological advancements in medical device industry are also expected to boost market growth during forecast period.
MARKET SCOPE
The "Medical Equipment Rental Market" is a specialized and in-depth study of the Medical Device industry with a special focus on the global market trend analysis. The report aims to provide an overview of Medical Equipment Rental market with detailed market segmentation by product and end use. The Medical Equipment Rental Market is expected to witness high growth during the forecast period. The report provides key statistics on the market status of the leading players in Medical Equipment Rental Market and offers key trends and opportunities in the market.
MARKET SEGMENTATION
The Medical Equipment Rental Market is segmented on the basis of product and end use. On the basis of product the market is segmented as, surgical equipment, durable medical equipment and storage as well as transport equipment. And on the basis of end use the market is segmented as, institutional, hospital and homecare.
REGIONAL FRAMEWORK
The report provides a detailed overview of the industry including both qualitative and quantitative information. It provides overview and forecast of the Medical Equipment Rental Market based on various segments. It also provides market size and forecast estimates from year 2021 to 2031 with respect to five major regions, namely; North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South & Central America. The Medical Equipment Rental Market by each region is later sub-segmented by respective countries and segments. The report covers analysis and forecast of 18 countries globally along with current trend and opportunities prevailing in the region.
The report analyzes factors affecting Medical Equipment Rental Market from both demand and supply side and further evaluates market dynamics affecting the market during forecast period i.e., drivers, restraints, opportunities, and future trend. The report also provides exhaustive PEST analysis for all five regions namely; North America, Europe, APAC, MEA and South & Central America after evaluating political, economic, social and technological factors effecting the Medical Equipment Rental Market in these regions.
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The report provides a detailed overview of the industry including both qualitative and quantitative information. It provides overview and forecast of the Medical Equipment Rental Market based on various segments. It also provides market size and forecast estimates from year 2021 to 2031 with respect to five major regions, namely; North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South & Central America. The Medical Equipment Rental Market by each region is later sub-segmented by respective countries and segments. The report covers analysis and forecast of 18 countries globally along with current trend and opportunities prevailing in the region.
The report analyzes factors affecting Medical Equipment Rental Market from both demand and supply side and further evaluates market dynamics affecting the market during forecast period i.e., drivers, restraints, opportunities, and future trend. The report also provides exhaustive PEST analysis for all five regions namely; North America, Europe, APAC, MEA and South & Central America after evaluating political, economic, social and technological factors effecting the Medical Equipment Rental Market in these regions.
MARKET PLAYERS
The report covers key developments in the Medical Equipment Rental Markets organic and inorganic growth strategies. Various companies are focusing on organic growth strategies such as product launches, product approvals and others such as patents and events. Inorganic growth strategies witnessed in the market were acquisitions, and partnership & collaborations. These activities have paved way for expansion of business and customer base of market players. The market players from Medical Equipment Rental Market are anticipated to have lucrative growth opportunities in the future with the rising demand for, Medical Equipment Rental market in the global market. Below mentioned is the list of few companies engaged in the Medical Equipment Rental Market.
The report also includes the profiles of key players in Medical Equipment Rental Market along with their SWOT analysis and market strategies. In addition, the report focuses on leading industry players with information such as company profiles, components and services offered financial information of last 3 years, key development in past five years.
- Hill-Rom Holdings, Inc.
- Siemens Financial Service, Inc.
- Nunn's home Medical Equipment
- Westside Medial Supply
- Universal Hospital Services, Inc.
- Woodley Equipment Company Ltd.
- Stryker Corporation
- Apria Healthcare Group, Inc.
- Centric Health Corporation
The Insight Partner's dedicated research and analysis team consists of experienced professionals with advanced statistical expertise and offers various customization options in the existing study.
- Sample PDF showcases the content structure and the nature of the information with qualitative and quantitative analysis.
- Request discounts available for Start-Ups & Universities
Report Coverage
Revenue forecast, Company Analysis, Industry landscape, Growth factors, and Trends
Segment Covered
This text is related
to segments covered.
Regional Scope
North America, Europe, Asia Pacific, Middle East & Africa, South & Central America
Country Scope
This text is related
to country scope.
1. INTRODUCTION
1.1. SCOPE OF THE STUDY
1.2. THE INSIGHT PARTNERS RESEARCH REPORT GUIDANCE
1.3. MARKET SEGMENTATION
1.3.1 Medical Equipment Rental Market - By Product
1.3.2 Medical Equipment Rental Market - By End-Use
1.3.3 Medical Equipment Rental Market - By Region
1.3.3.1 By Country
2. KEY TAKEAWAYS
3. RESEARCH METHODOLOGY
4. MEDICAL EQUIPMENT RENTAL MARKET LANDSCAPE
4.1. OVERVIEW
4.2. PEST ANALYSIS
4.2.1 North America - Pest Analysis
4.2.2 Europe - Pest Analysis
4.2.3 Asia-Pacific - Pest Analysis
4.2.4 Middle East and Africa - Pest Analysis
4.2.5 South and Central America - Pest Analysis
4.3. EXPERT OPINIONS
5. MEDICAL EQUIPMENT RENTAL MARKET - KEY MARKET DYNAMICS
5.1. KEY MARKET DRIVERS
5.2. KEY MARKET RESTRAINTS
5.3. KEY MARKET OPPORTUNITIES
5.4. FUTURE TRENDS
5.5. IMPACT ANALYSIS OF DRIVERS AND RESTRAINTS
6. MEDICAL EQUIPMENT RENTAL MARKET - GLOBAL MARKET ANALYSIS
6.1. MEDICAL EQUIPMENT RENTAL - GLOBAL MARKET OVERVIEW
6.2. MEDICAL EQUIPMENT RENTAL - GLOBAL MARKET AND FORECAST TO 2028
6.3. MARKET POSITIONING/MARKET SHARE
7. MEDICAL EQUIPMENT RENTAL MARKET - REVENUE AND FORECASTS TO 2028 - PRODUCT
7.1. OVERVIEW
7.2. PRODUCT MARKET FORECASTS AND ANALYSIS
7.3. SURGICAL EQUIPMENT
7.3.1. Overview
7.3.2. Surgical Equipment Market Forecast and Analysis
7.4. DURABLE MEDICAL EQUIPMENT
7.4.1. Overview
7.4.2. Durable Medical Equipment Market Forecast and Analysis
7.4.3. Personal Mobility Devices Market
7.4.3.1. Overview
7.4.3.2. Personal Mobility Devices Market Forecast and Analysis
7.4.4. Bathroom Safety and Medical Furniture Market
7.4.4.1. Overview
7.4.4.2. Bathroom Safety and Medical Furniture Market Forecast and Analysis
7.4.5. Monitoring and Therapeutic Devices Market
7.4.5.1. Overview
7.4.5.2. Monitoring and Therapeutic Devices Market Forecast and Analysis
7.5. STORAGE AND TRANSPORT
7.5.1. Overview
7.5.2. Storage and Transport Market Forecast and Analysis
8. MEDICAL EQUIPMENT RENTAL MARKET - REVENUE AND FORECASTS TO 2028 - END-USE
8.1. OVERVIEW
8.2. END-USE MARKET FORECASTS AND ANALYSIS
8.3. INSTITUTIONAL
8.3.1. Overview
8.3.2. Institutional Market Forecast and Analysis
8.4. HOSPITAL
8.4.1. Overview
8.4.2. Hospital Market Forecast and Analysis
8.5. HOMECARE
8.5.1. Overview
8.5.2. Homecare Market Forecast and Analysis
9. MEDICAL EQUIPMENT RENTAL MARKET REVENUE AND FORECASTS TO 2028 - GEOGRAPHICAL ANALYSIS
9.1. NORTH AMERICA
9.1.1 North America Medical Equipment Rental Market Overview
9.1.2 North America Medical Equipment Rental Market Forecasts and Analysis
9.1.3 North America Medical Equipment Rental Market Forecasts and Analysis - By Product
9.1.4 North America Medical Equipment Rental Market Forecasts and Analysis - By End-Use
9.1.5 North America Medical Equipment Rental Market Forecasts and Analysis - By Countries
9.1.5.1 United States Medical Equipment Rental Market
9.1.5.1.1 United States Medical Equipment Rental Market by Product
9.1.5.1.2 United States Medical Equipment Rental Market by End-Use
9.1.5.2 Canada Medical Equipment Rental Market
9.1.5.2.1 Canada Medical Equipment Rental Market by Product
9.1.5.2.2 Canada Medical Equipment Rental Market by End-Use
9.1.5.3 Mexico Medical Equipment Rental Market
9.1.5.3.1 Mexico Medical Equipment Rental Market by Product
9.1.5.3.2 Mexico Medical Equipment Rental Market by End-Use
9.2. EUROPE
9.2.1 Europe Medical Equipment Rental Market Overview
9.2.2 Europe Medical Equipment Rental Market Forecasts and Analysis
9.2.3 Europe Medical Equipment Rental Market Forecasts and Analysis - By Product
9.2.4 Europe Medical Equipment Rental Market Forecasts and Analysis - By End-Use
9.2.5 Europe Medical Equipment Rental Market Forecasts and Analysis - By Countries
9.2.5.1 Germany Medical Equipment Rental Market
9.2.5.1.1 Germany Medical Equipment Rental Market by Product
9.2.5.1.2 Germany Medical Equipment Rental Market by End-Use
9.2.5.2 France Medical Equipment Rental Market
9.2.5.2.1 France Medical Equipment Rental Market by Product
9.2.5.2.2 France Medical Equipment Rental Market by End-Use
9.2.5.3 Italy Medical Equipment Rental Market
9.2.5.3.1 Italy Medical Equipment Rental Market by Product
9.2.5.3.2 Italy Medical Equipment Rental Market by End-Use
9.2.5.4 Spain Medical Equipment Rental Market
9.2.5.4.1 Spain Medical Equipment Rental Market by Product
9.2.5.4.2 Spain Medical Equipment Rental Market by End-Use
9.2.5.5 United Kingdom Medical Equipment Rental Market
9.2.5.5.1 United Kingdom Medical Equipment Rental Market by Product
9.2.5.5.2 United Kingdom Medical Equipment Rental Market by End-Use
9.2.5.6 Rest of Europe Medical Equipment Rental Market
9.2.5.6.1 Rest of Europe Medical Equipment Rental Market by Product
9.2.5.6.2 Rest of Europe Medical Equipment Rental Market by End-Use
9.3. ASIA-PACIFIC
9.3.1 Asia-Pacific Medical Equipment Rental Market Overview
9.3.2 Asia-Pacific Medical Equipment Rental Market Forecasts and Analysis
9.3.3 Asia-Pacific Medical Equipment Rental Market Forecasts and Analysis - By Product
9.3.4 Asia-Pacific Medical Equipment Rental Market Forecasts and Analysis - By End-Use
9.3.5 Asia-Pacific Medical Equipment Rental Market Forecasts and Analysis - By Countries
9.3.5.1 Australia Medical Equipment Rental Market
9.3.5.1.1 Australia Medical Equipment Rental Market by Product
9.3.5.1.2 Australia Medical Equipment Rental Market by End-Use
9.3.5.2 China Medical Equipment Rental Market
9.3.5.2.1 China Medical Equipment Rental Market by Product
9.3.5.2.2 China Medical Equipment Rental Market by End-Use
9.3.5.3 India Medical Equipment Rental Market
9.3.5.3.1 India Medical Equipment Rental Market by Product
9.3.5.3.2 India Medical Equipment Rental Market by End-Use
9.3.5.4 Japan Medical Equipment Rental Market
9.3.5.4.1 Japan Medical Equipment Rental Market by Product
9.3.5.4.2 Japan Medical Equipment Rental Market by End-Use
9.3.5.5 South Korea Medical Equipment Rental Market
9.3.5.5.1 South Korea Medical Equipment Rental Market by Product
9.3.5.5.2 South Korea Medical Equipment Rental Market by End-Use
9.3.5.6 Rest of Asia-Pacific Medical Equipment Rental Market
9.3.5.6.1 Rest of Asia-Pacific Medical Equipment Rental Market by Product
9.3.5.6.2 Rest of Asia-Pacific Medical Equipment Rental Market by End-Use
9.4. MIDDLE EAST AND AFRICA
9.4.1 Middle East and Africa Medical Equipment Rental Market Overview
9.4.2 Middle East and Africa Medical Equipment Rental Market Forecasts and Analysis
9.4.3 Middle East and Africa Medical Equipment Rental Market Forecasts and Analysis - By Product
9.4.4 Middle East and Africa Medical Equipment Rental Market Forecasts and Analysis - By End-Use
9.4.5 Middle East and Africa Medical Equipment Rental Market Forecasts and Analysis - By Countries
9.4.5.1 South Africa Medical Equipment Rental Market
9.4.5.1.1 South Africa Medical Equipment Rental Market by Product
9.4.5.1.2 South Africa Medical Equipment Rental Market by End-Use
9.4.5.2 Saudi Arabia Medical Equipment Rental Market
9.4.5.2.1 Saudi Arabia Medical Equipment Rental Market by Product
9.4.5.2.2 Saudi Arabia Medical Equipment Rental Market by End-Use
9.4.5.3 U.A.E Medical Equipment Rental Market
9.4.5.3.1 U.A.E Medical Equipment Rental Market by Product
9.4.5.3.2 U.A.E Medical Equipment Rental Market by End-Use
9.4.5.4 Rest of Middle East and Africa Medical Equipment Rental Market
9.4.5.4.1 Rest of Middle East and Africa Medical Equipment Rental Market by Product
9.4.5.4.2 Rest of Middle East and Africa Medical Equipment Rental Market by End-Use
9.5. SOUTH AND CENTRAL AMERICA
9.5.1 South and Central America Medical Equipment Rental Market Overview
9.5.2 South and Central America Medical Equipment Rental Market Forecasts and Analysis
9.5.3 South and Central America Medical Equipment Rental Market Forecasts and Analysis - By Product
9.5.4 South and Central America Medical Equipment Rental Market Forecasts and Analysis - By End-Use
9.5.5 South and Central America Medical Equipment Rental Market Forecasts and Analysis - By Countries
9.5.5.1 Brazil Medical Equipment Rental Market
9.5.5.1.1 Brazil Medical Equipment Rental Market by Product
9.5.5.1.2 Brazil Medical Equipment Rental Market by End-Use
9.5.5.2 Argentina Medical Equipment Rental Market
9.5.5.2.1 Argentina Medical Equipment Rental Market by Product
9.5.5.2.2 Argentina Medical Equipment Rental Market by End-Use
9.5.5.3 Rest of South and Central America Medical Equipment Rental Market
9.5.5.3.1 Rest of South and Central America Medical Equipment Rental Market by Product
9.5.5.3.2 Rest of South and Central America Medical Equipment Rental Market by End-Use
10. INDUSTRY LANDSCAPE
10.1. MERGERS AND ACQUISITIONS
10.2. AGREEMENTS, COLLABORATIONS AND JOIN VENTURES
10.3. NEW PRODUCT LAUNCHES
10.4. EXPANSIONS AND OTHER STRATEGIC DEVELOPMENTS
11. MEDICAL EQUIPMENT RENTAL MARKET, KEY COMPANY PROFILES
11.1. HILL-ROM HOLDINGS, INC
11.1.1. Key Facts
11.1.2. Business Description
11.1.3. Products and Services
11.1.4. Financial Overview
11.1.5. SWOT Analysis
11.1.6. Key Developments
11.2. SIEMENS FINANCIAL SERVICES, INC
11.2.1. Key Facts
11.2.2. Business Description
11.2.3. Products and Services
11.2.4. Financial Overview
11.2.5. SWOT Analysis
11.2.6. Key Developments
11.3. NUNN’S HOME MEDICAL EQUIPMENT
11.3.1. Key Facts
11.3.2. Business Description
11.3.3. Products and Services
11.3.4. Financial Overview
11.3.5. SWOT Analysis
11.3.6. Key Developments
11.4. WESTSIDE MEDICAL SUPPLY
11.4.1. Key Facts
11.4.2. Business Description
11.4.3. Products and Services
11.4.4. Financial Overview
11.4.5. SWOT Analysis
11.4.6. Key Developments
11.5. UNIVERSAL HOSPITAL SERVICES, INC
11.5.1. Key Facts
11.5.2. Business Description
11.5.3. Products and Services
11.5.4. Financial Overview
11.5.5. SWOT Analysis
11.5.6. Key Developments
11.6. WOODLEY EQUIPMENT COMPANY LTD
11.6.1. Key Facts
11.6.2. Business Description
11.6.3. Products and Services
11.6.4. Financial Overview
11.6.5. SWOT Analysis
11.6.6. Key Developments
11.7. STRYKER CORPORATION
11.7.1. Key Facts
11.7.2. Business Description
11.7.3. Products and Services
11.7.4. Financial Overview
11.7.5. SWOT Analysis
11.7.6. Key Developments
11.8. APRIA HEALTHCARE GROUP INC.
11.8.1. Key Facts
11.8.2. Business Description
11.8.3. Products and Services
11.8.4. Financial Overview
11.8.5. SWOT Analysis
11.8.6. Key Developments
11.9. CENTRIC HEALTH CORPORATION
11.9.1. Key Facts
11.9.2. Business Description
11.9.3. Products and Services
11.9.4. Financial Overview
11.9.5. SWOT Analysis
11.9.6. Key Developments
11.10. WESTSIDE MEDICAL SUPPLY
11.10.1. Key Facts
11.10.2. Business Description
11.10.3. Products and Services
11.10.4. Financial Overview
11.10.5. SWOT Analysis
11.10.6. Key Developments
12. APPENDIX
12.1. ABOUT THE INSIGHT PARTNERS
12.2. GLOSSARY OF TERMS
1. Hill-Rom Holdings, Inc
2. Siemens Financial Services, Inc
3. Nunn's Home Medical Equipment
4. Westside Medical Supply
5. Universal Hospital Services, Inc
6. Woodley Equipment Company Ltd
7. Stryker Corporation
8. Apria Healthcare Group Inc.
9. Centric Health Corporation
10. Westside Medical Supply
The Insight Partners performs research in 4 major stages: Data Collection & Secondary Research, Primary Research, Data Analysis and Data Triangulation & Final Review.
- Data Collection and Secondary Research:
As a market research and consulting firm operating from a decade, we have published many reports and advised several clients across the globe. First step for any study will start with an assessment of currently available data and insights from existing reports. Further, historical and current market information is collected from Investor Presentations, Annual Reports, SEC Filings, etc., and other information related to company’s performance and market positioning are gathered from Paid Databases (Factiva, Hoovers, and Reuters) and various other publications available in public domain.
Several associations trade associates, technical forums, institutes, societies and organizations are accessed to gain technical as well as market related insights through their publications such as research papers, blogs and press releases related to the studies are referred to get cues about the market. Further, white papers, journals, magazines, and other news articles published in the last 3 years are scrutinized and analyzed to understand the current market trends.
- Primary Research:
The primarily interview analysis comprise of data obtained from industry participants interview and answers to survey questions gathered by in-house primary team.
For primary research, interviews are conducted with industry experts/CEOs/Marketing Managers/Sales Managers/VPs/Subject Matter Experts from both demand and supply side to get a 360-degree view of the market. The primary team conducts several interviews based on the complexity of the markets to understand the various market trends and dynamics which makes research more credible and precise.
A typical research interview fulfils the following functions:
- Provides first-hand information on the market size, market trends, growth trends, competitive landscape, and outlook
- Validates and strengthens in-house secondary research findings
- Develops the analysis team’s expertise and market understanding
Primary research involves email interactions and telephone interviews for each market, category, segment, and sub-segment across geographies. The participants who typically take part in such a process include, but are not limited to:
- Industry participants: VPs, business development managers, market intelligence managers and national sales managers
- Outside experts: Valuation experts, research analysts and key opinion leaders specializing in the electronics and semiconductor industry.
Below is the breakup of our primary respondents by company, designation, and region:
Once we receive the confirmation from primary research sources or primary respondents, we finalize the base year market estimation and forecast the data as per the macroeconomic and microeconomic factors assessed during data collection.
- Data Analysis:
Once data is validated through both secondary as well as primary respondents, we finalize the market estimations by hypothesis formulation and factor analysis at regional and country level.
- 3.1 Macro-Economic Factor Analysis:
We analyse macroeconomic indicators such the gross domestic product (GDP), increase in the demand for goods and services across industries, technological advancement, regional economic growth, governmental policies, the influence of COVID-19, PEST analysis, and other aspects. This analysis aids in setting benchmarks for various nations/regions and approximating market splits. Additionally, the general trend of the aforementioned components aid in determining the market's development possibilities.
- 3.2 Country Level Data:
Various factors that are especially aligned to the country are taken into account to determine the market size for a certain area and country, including the presence of vendors, such as headquarters and offices, the country's GDP, demand patterns, and industry growth. To comprehend the market dynamics for the nation, a number of growth variables, inhibitors, application areas, and current market trends are researched. The aforementioned elements aid in determining the country's overall market's growth potential.
- 3.3 Company Profile:
The “Table of Contents” is formulated by listing and analyzing more than 25 - 30 companies operating in the market ecosystem across geographies. However, we profile only 10 companies as a standard practice in our syndicate reports. These 10 companies comprise leading, emerging, and regional players. Nonetheless, our analysis is not restricted to the 10 listed companies, we also analyze other companies present in the market to develop a holistic view and understand the prevailing trends. The “Company Profiles” section in the report covers key facts, business description, products & services, financial information, SWOT analysis, and key developments. The financial information presented is extracted from the annual reports and official documents of the publicly listed companies. Upon collecting the information for the sections of respective companies, we verify them via various primary sources and then compile the data in respective company profiles. The company level information helps us in deriving the base number as well as in forecasting the market size.
- 3.4 Developing Base Number:
Aggregation of sales statistics (2020-2022) and macro-economic factor, and other secondary and primary research insights are utilized to arrive at base number and related market shares for 2022. The data gaps are identified in this step and relevant market data is analyzed, collected from paid primary interviews or databases. On finalizing the base year market size, forecasts are developed on the basis of macro-economic, industry and market growth factors and company level analysis.
- Data Triangulation and Final Review:
The market findings and base year market size calculations are validated from supply as well as demand side. Demand side validations are based on macro-economic factor analysis and benchmarks for respective regions and countries. In case of supply side validations, revenues of major companies are estimated (in case not available) based on industry benchmark, approximate number of employees, product portfolio, and primary interviews revenues are gathered. Further revenue from target product/service segment is assessed to avoid overshooting of market statistics. In case of heavy deviations between supply and demand side values, all thes steps are repeated to achieve synchronization.
We follow an iterative model, wherein we share our research findings with Subject Matter Experts (SME’s) and Key Opinion Leaders (KOLs) until consensus view of the market is not formulated – this model negates any drastic deviation in the opinions of experts. Only validated and universally acceptable research findings are quoted in our reports.
We have important check points that we use to validate our research findings – which we call – data triangulation, where we validate the information, we generate from secondary sources with primary interviews and then we re-validate with our internal data bases and Subject matter experts. This comprehensive model enables us to deliver high quality, reliable data in shortest possible time.
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