Medical Equipment Rental Global Market Report 2025

Description

Medical equipment rental is a service that involves providing assets such as infusion pumps and various medical equipment on a rental basis to entities such as hospitals, clinics, and other healthcare partners. This service allows customers to choose a specific store, browse through available equipment, and place an order for the required medical devices.

The main types of equipment included in medical equipment rental encompass personal or home care equipment, electronic or digital equipment, surgical equipment, durable medical equipment, long-term care, acute care, emergency and trauma care, and storage and transport. Personal home care equipment is designed to assist seniors and individuals requiring help with their daily activities, including bathing, moving around, using the toilet, eating, and walking. These rental services cater to various end-users, including hospitals, personal or home care settings, institutional care, and others.

The medical equipment rental market research report is one of a series of new reports from The Business Research Company that provides medical equipment rental market statistics, including medical equipment rental industry global market size, regional shares, competitors with a medical equipment rental market share, detailed medical equipment rental market segments, market trends and opportunities, and any further data you may need to thrive in the medical equipment rental industry. This medical equipment rental market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.

The medical equipment rental market size has grown strongly in recent years. It will grow from$61.26 billion in 2024 to $64.43 billion in 2025 at a compound annual growth rate (CAGR) of 5.2%. The growth in the historic period can be attributed to cost containment, regulatory compliance, flexibility and scalability, focus on core competencies, emerging markets

The medical equipment rental market size is expected to see strong growth in the next few years. It will grow to $82.45 billion in 2029 at a compound annual growth rate (CAGR) of 6.4%. The growth in the forecast period can be attributed to rising healthcare costs, demand for short-term solutions, adherence to stringent regulations, agility in healthcare management, global expansion. Major trends in the forecast period include increasing demand for cost-effective solutions, technological advancements driving rentals, rise of home healthcare services, flexibility and scalability needs, focus on sustainable practices.

The growth of medical equipment rental is expected to be propelled by the increasing number of hospitals, diagnostic laboratories, and surgery centers. These healthcare facilities require a diverse range of medical equipment to deliver high-quality services, but the financial constraints may hinder outright purchases. To address this, medical equipment rental companies offer short- or long-term access to various equipment, presenting cost-effective alternatives. For instance, in March 2023, data from the United States Census Bureau indicated a revenue increase in medical and diagnostic laboratories from $12.41 billion in Q2 2020 to $16.93 billion in Q2 2021. Additionally, the Centers for Medicare and Medicaid Services reported a 13% rise in the number of certified clinical laboratories in the United States from 2020 to 2021, reaching 323,086. The surge in healthcare facilities is a driving factor for the growth of the medical equipment rental market.

The growth of the medical equipment rental market is also expected to be fueled by the increasing demand for at-home testing. At-home testing involves collecting samples for various medical conditions using kits or devices available over the counter or online. Medical equipment rental plays a crucial role in at-home testing by providing access to specialized equipment that may not be readily available or affordable. According to a survey by R.R. Donnelley, around 21% of consumers find at-home testing convenient, and 25% express a demand for such testing. This growing demand for at-home testing is a significant driver for the expansion of the medical equipment rental market.

Technological advancements represent a prominent trend in the medical equipment rental market. Major companies in the sector are dedicated to developing innovative solutions to maintain their market positions. For example, in May 2022, US Med-Equip introduced the GoUSME App, an online portal and mobile app designed to facilitate the ordering and management of rented medical equipment. The app utilizes passive RFID technology for equipment identification and location tracking, streamlining the process for healthcare providers.

Innovative rental programs, such as motion-activated stimulation (MAS) technology, are being developed by major companies to gain a competitive edge in the medical equipment rental market. MAS technology combines electrical muscle stimulation (EMS) with motion detection, offering a cutting-edge approach. For instance, Alyve Medical Inc. launched the Neuralign S Home device, providing a rental program that makes the technology more affordable and accessible for a broader range of patients. This approach eliminates upfront costs, allowing patients to try out the device and continue treatment independently.

In August 2022, US Med-Equip expanded its capabilities by acquiring Freedom Medical for an undisclosed amount. This strategic acquisition enables US Med-Equip to enhance its geographical presence and workforce to meet the growing demand for equipment and services from hospitals and healthcare entities. Freedom Medical is known for providing rental medical equipment services to improve patient outcomes.

Major companies operating in the medical equipment rental market include Siemens Financial Service Inc., Nunn's home Medical Equipment, Westside Medical Supply, Universal Hospital Services Inc., Woodley Equipment Company Ltd., Apria Healthcare Group Inc., Centric Health Corporation, AGITO Medical A/S, US Med-Equip Inc., Walgreen Co., General Electric, China Huarong Financial Leasing Co. Ltd., Meridian Group International, Mizuho Leasing Company Limited, Stryker Corporation, Agiliti Inc., Avante Health Solutions, United Rentals Inc., Block Imaging, Jamie's Medical Imaging, PrizMED Imaging, Radiology Oncology Systems Inc., National Diagnostic Imaging, Providian Medical Equipment Inc., Future Health Concepts Inc., Direct Medical Imaging LLC, Multi Imager Service Inc.

North America was the largest region in the medical equipment rental market in 2024. The regions covered in the medical equipment rental market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa

The countries covered in the medical equipment rental market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Canada, Italy, Spain

The medical equipment rental market includes revenues earned by companies by automating inventory management, offering flexible rental prices, and streamlining payment processing. The market value includes the value of related goods sold by the service provider or included within the service offering. Only goods and services traded between entities or sold to end consumers are included.

The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified).

The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.

Medical Equipment Rental Global Market Report 2025 from The Business Research Company provides strategists, marketers and senior management with the critical information they need to assess the market.

This report focuses on medical equipment rental market which is experiencing strong growth. The report gives a guide to the trends which will be shaping the market over the next ten years and beyond.

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Where is the largest and fastest growing market for medical equipment rental ? How does the market relate to the overall economy, demography and other similar markets? What forces will shape the market going forward? The medical equipment rental market global report from the Business Research Company answers all these questions and many more.

The report covers market characteristics, size and growth, segmentation, regional and country breakdowns, competitive landscape, market shares, trends and strategies for this market. It traces the market's historic and forecast market growth by geography.

The market characteristics section of the report defines and explains the market.
The market size section gives the market size ($b) covering both the historic growth of the market, and forecasting its development.
The forecasts are made after considering the major factors currently impacting the market. These include:

The forecasts are made after considering the major factors currently impacting the market. These include the Russia-Ukraine war, rising inflation, higher interest rates, and the legacy of the COVID-19 pandemic.

Market segmentations break down the market into sub markets.
The regional and country breakdowns section gives an analysis of the market in each geography and the size of the market by geography and compares their historic and forecast growth. It covers the growth trajectory of COVID-19 for all regions, key developed countries and major emerging markets.
The competitive landscape chapter gives a description of the competitive nature of the market, market shares, and a description of the leading companies. Key financial deals which have shaped the market in recent years are identified.
The trends and strategies section analyses the shape of the market as it emerges from the crisis and suggests how companies can grow as the market recovers.

Scope

Markets Covered:1) By Type: Personal Or Home Care Equipment; Electronic Or Digital Equipment; Surgical Equipment; Durable Medical Equipment; Long Term Care; Acute Care; Emergency And Trauma; Storage And Transport
2) By End-User: Hospitals; Personal Or Home Care; Institutional; Other End-Users
Subsegments:
1) By Personal Or Home Care Equipment: Wheelchairs; Hospital Beds; Oxygen Equipment; Mobility Aids
2) By Electronic Or Digital Equipment: Patient Monitors; Diagnostic Imaging Equipment; Infusion Pumps; Electrocardiogram (ECG) Machines
3) By Surgical Equipment: Surgical Instruments; Operating Tables; Anesthesia Machines; Surgical Lights
4) By Durable Medical Equipment: Crutches; Walkers; Shower Chairs; Lift Chairs
5) By Long Term Care: Bedside Monitors; Patient Lifts; Incontinence Supplies; Rehabilitation Equipment
6) By Acute Care: Ventilators; Cardiac Monitors; Infusion Pumps; Defibrillators
7) By Emergency And Trauma: Stretchers; Trauma Kits; Automated External Defibrillators (AEDs); Portable Suction Units
8) By Storage And Transport: Medical Carts; Transport Stretchers; Medical Storage Units; Refrigerators For Medications
Companies Mentioned: Siemens Financial Service Inc.; Nunn's home Medical Equipment; Westside Medical Supply; Universal Hospital Services Inc.; Woodley Equipment Company Ltd.
Countries: Australia; Brazil; China; France; Germany; India; Indonesia; Japan; Russia; South Korea; UK; USA; Canada; Italy; Spain
Regions: Asia-Pacific; Western Europe; Eastern Europe; North America; South America; Middle East; Africa
Time series: Five years historic and ten years forecast.
Data: Ratios of market size and growth to related markets, GDP proportions, expenditure per capita,
Data segmentations: country and regional historic and forecast data, market share of competitors, market segments.
Sourcing and Referencing: Data and analysis throughout the report is sourced using end notes.
Delivery format: PDF, Word and Excel Data Dashboard.

Product Code: r24298

1. Executive Summary

2. Medical Equipment Rental Market Characteristics

3. Medical Equipment Rental Market Trends And Strategies

4. Medical Equipment Rental Market - Macro Economic Scenario including the impact of Interest Rates, Inflation, Geopolitics and Covid And Recovery on the Market

5. Global Medical Equipment Rental Growth Analysis And Strategic Analysis Framework

5.1. Global Medical Equipment Rental PESTEL Analysis (Political, Social, Technological, Environmental and Legal Factors, Drivers and Restraints)
5.2. Analysis Of End Use Industries
5.3. Global Medical Equipment Rental Market Growth Rate Analysis
5.4. Global Medical Equipment Rental Historic Market Size and Growth, 2019 - 2024, Value ($ Billion)
5.5. Global Medical Equipment Rental Forecast Market Size and Growth, 2024 - 2029, 2034F, Value ($ Billion)
5.6. Global Medical Equipment Rental Total Addressable Market (TAM)

6. Medical Equipment Rental Market Segmentation

6.1. Global Medical Equipment Rental Market, Segmentation By Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
Personal Or Home Care Equipment
Electronic Or Digital Equipment
Surgical Equipment
Durable Medical Equipment
Long Term Care
Acute Care
Emergency And Trauma
Storage And Transport
6.2. Global Medical Equipment Rental Market, Segmentation By End-User, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
Hospitals
Personal Or Home Care
Institutional
Other End-Users
6.3. Global Medical Equipment Rental Market, Sub-Segmentation Of Personal Or Home Care Equipment, By Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
Wheelchairs
Hospital Beds
Oxygen Equipment
Mobility Aids
6.4. Global Medical Equipment Rental Market, Sub-Segmentation Of Electronic Or Digital Equipment, By Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
Patient Monitors
Diagnostic Imaging Equipment
Infusion Pumps
Electrocardiogram (ECG) Machines
6.5. Global Medical Equipment Rental Market, Sub-Segmentation Of Surgical Equipment, By Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
Surgical Instruments
Operating Tables
Anesthesia Machines
Surgical Lights
6.6. Global Medical Equipment Rental Market, Sub-Segmentation Of Durable Medical Equipment, By Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
Crutches
Walkers
Shower Chairs
Lift Chairs
6.7. Global Medical Equipment Rental Market, Sub-Segmentation Of Long Term Care, By Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
Bedside Monitors
Patient Lifts
Incontinence Supplies
Rehabilitation Equipment
6.8. Global Medical Equipment Rental Market, Sub-Segmentation Of Acute Care, By Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
Ventilators
Cardiac Monitors
Infusion Pumps
Defibrillators
6.9. Global Medical Equipment Rental Market, Sub-Segmentation Of Emergency And Trauma, By Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
Stretchers
Trauma Kits
Automated External Defibrillators (AEDs)
Portable Suction Units
6.10. Global Medical Equipment Rental Market, Sub-Segmentation Of Storage And Transport, By Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
Medical Carts
Transport Stretchers
Medical Storage Units
Refrigerators For Medications

7. Medical Equipment Rental Market Regional And Country Analysis

7.1. Global Medical Equipment Rental Market, Split By Region, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
7.2. Global Medical Equipment Rental Market, Split By Country, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

8. Asia-Pacific Medical Equipment Rental Market

8.1. Asia-Pacific Medical Equipment Rental Market Overview
Region Information, Market Information, Background Information, Government Initiatives, Regulations, Regulatory Bodies, Major Associations, Taxes Levied, Corporate Tax Structure, Investments, Major Companies
8.2. Asia-Pacific Medical Equipment Rental Market, Segmentation By Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
8.3. Asia-Pacific Medical Equipment Rental Market, Segmentation By End-User, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

9. China Medical Equipment Rental Market

9.1. China Medical Equipment Rental Market Overview
9.2. China Medical Equipment Rental Market, Segmentation By Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F,$ Billion
9.3. China Medical Equipment Rental Market, Segmentation By End-User, Historic and Forecast, 2019-2024, 2024-2029F, 2034F,$ Billion

10. India Medical Equipment Rental Market

10.1. India Medical Equipment Rental Market, Segmentation By Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
10.2. India Medical Equipment Rental Market, Segmentation By End-User, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

11. Japan Medical Equipment Rental Market

11.1. Japan Medical Equipment Rental Market Overview
11.2. Japan Medical Equipment Rental Market, Segmentation By Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
11.3. Japan Medical Equipment Rental Market, Segmentation By End-User, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

12. Australia Medical Equipment Rental Market

12.1. Australia Medical Equipment Rental Market, Segmentation By Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
12.2. Australia Medical Equipment Rental Market, Segmentation By End-User, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

13. Indonesia Medical Equipment Rental Market

13.1. Indonesia Medical Equipment Rental Market, Segmentation By Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
13.2. Indonesia Medical Equipment Rental Market, Segmentation By End-User, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

14. South Korea Medical Equipment Rental Market

14.1. South Korea Medical Equipment Rental Market Overview
14.2. South Korea Medical Equipment Rental Market, Segmentation By Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
14.3. South Korea Medical Equipment Rental Market, Segmentation By End-User, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

15. Western Europe Medical Equipment Rental Market

15.1. Western Europe Medical Equipment Rental Market Overview
15.2. Western Europe Medical Equipment Rental Market, Segmentation By Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
15.3. Western Europe Medical Equipment Rental Market, Segmentation By End-User, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

16. UK Medical Equipment Rental Market

16.1. UK Medical Equipment Rental Market, Segmentation By Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
16.2. UK Medical Equipment Rental Market, Segmentation By End-User, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

17. Germany Medical Equipment Rental Market

17.1. Germany Medical Equipment Rental Market, Segmentation By Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
17.2. Germany Medical Equipment Rental Market, Segmentation By End-User, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

18. France Medical Equipment Rental Market

18.1. France Medical Equipment Rental Market, Segmentation By Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
18.2. France Medical Equipment Rental Market, Segmentation By End-User, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

19. Italy Medical Equipment Rental Market

19.1. Italy Medical Equipment Rental Market, Segmentation By Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
19.2. Italy Medical Equipment Rental Market, Segmentation By End-User, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

20. Spain Medical Equipment Rental Market

20.1. Spain Medical Equipment Rental Market, Segmentation By Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
20.2. Spain Medical Equipment Rental Market, Segmentation By End-User, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

21. Eastern Europe Medical Equipment Rental Market

21.1. Eastern Europe Medical Equipment Rental Market Overview
21.2. Eastern Europe Medical Equipment Rental Market, Segmentation By Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
21.3. Eastern Europe Medical Equipment Rental Market, Segmentation By End-User, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

22. Russia Medical Equipment Rental Market

22.1. Russia Medical Equipment Rental Market, Segmentation By Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
22.2. Russia Medical Equipment Rental Market, Segmentation By End-User, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

23. North America Medical Equipment Rental Market

23.1. North America Medical Equipment Rental Market Overview
23.2. North America Medical Equipment Rental Market, Segmentation By Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
23.3. North America Medical Equipment Rental Market, Segmentation By End-User, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

24. USA Medical Equipment Rental Market

24.1. USA Medical Equipment Rental Market Overview
24.2. USA Medical Equipment Rental Market, Segmentation By Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
24.3. USA Medical Equipment Rental Market, Segmentation By End-User, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

25. Canada Medical Equipment Rental Market

25.1. Canada Medical Equipment Rental Market Overview
25.2. Canada Medical Equipment Rental Market, Segmentation By Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
25.3. Canada Medical Equipment Rental Market, Segmentation By End-User, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

26. South America Medical Equipment Rental Market

26.1. South America Medical Equipment Rental Market Overview
26.2. South America Medical Equipment Rental Market, Segmentation By Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
26.3. South America Medical Equipment Rental Market, Segmentation By End-User, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

27. Brazil Medical Equipment Rental Market

27.1. Brazil Medical Equipment Rental Market, Segmentation By Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
27.2. Brazil Medical Equipment Rental Market, Segmentation By End-User, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

28. Middle East Medical Equipment Rental Market

28.1. Middle East Medical Equipment Rental Market Overview
28.2. Middle East Medical Equipment Rental Market, Segmentation By Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
28.3. Middle East Medical Equipment Rental Market, Segmentation By End-User, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

29. Africa Medical Equipment Rental Market

29.1. Africa Medical Equipment Rental Market Overview
29.2. Africa Medical Equipment Rental Market, Segmentation By Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
29.3. Africa Medical Equipment Rental Market, Segmentation By End-User, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

30. Medical Equipment Rental Market Competitive Landscape And Company Profiles

30.1. Medical Equipment Rental Market Competitive Landscape
30.2. Medical Equipment Rental Market Company Profiles
- 30.2.1. Siemens Financial Service Inc. Overview, Products and Services, Strategy and Financial Analysis
- 30.2.2. Nunn's home Medical Equipment Overview, Products and Services, Strategy and Financial Analysis
- 30.2.3. Westside Medical Supply Overview, Products and Services, Strategy and Financial Analysis
- 30.2.4. Universal Hospital Services Inc. Overview, Products and Services, Strategy and Financial Analysis
- 30.2.5. Woodley Equipment Company Ltd. Overview, Products and Services, Strategy and Financial Analysis

31. Medical Equipment Rental Market Other Major And Innovative Companies

31.1. Apria Healthcare Group Inc.
31.2. Centric Health Corporation
31.3. AGITO Medical A/S
31.4. US Med-Equip Inc.
31.5. Walgreen Co.
31.6. General Electric
31.7. China Huarong Financial Leasing Co. Ltd.
31.8. Meridian Group International
31.9. Mizuho Leasing Company Limited
31.10. Stryker Corporation
31.11. Agiliti Inc.
31.12. Avante Health Solutions
31.13. United Rentals Inc.
31.14. Block Imaging
31.15. Jamie's Medical Imaging

32. Global Medical Equipment Rental Market Competitive Benchmarking And Dashboard

33. Key Mergers And Acquisitions In The Medical Equipment Rental Market

34. Recent Developments In The Medical Equipment Rental Market

35. Medical Equipment Rental Market High Potential Countries, Segments and Strategies

35.1 Medical Equipment Rental Market In 2029 - Countries Offering Most New Opportunities
35.2 Medical Equipment Rental Market In 2029 - Segments Offering Most New Opportunities
35.3 Medical Equipment Rental Market In 2029 - Growth Strategies
- 35.3.1 Market Trend Based Strategies
- 35.3.2 Competitor Strategies

36. Appendix

36.1. Abbreviations
36.2. Currencies
36.3. Historic And Forecast Inflation Rates
36.4. Research Inquiries
36.5. The Business Research Company
36.6. Copyright And Disclaimer