Medical Equipment Rental Market Analysis, Trends, Insights 2025 to 2034

Medical Equipment Rental

What is the Market Size Analysis for Medical Equipment Rental?

The medical equipment rental market size has been growing significantly in recent years. From $61.26 billion in 2024, it is projected to increase to $64.43 billion in 2025, marking a compound annual growth rate (CAGR) of 5.2%. Various factors contribute to this growth, including cost containment, regulatory compliance, focus on core competencies, the rise of emerging markets, flexibility, and scalability.

Furthermore, the medical equipment rental market is anticipated to demonstrate robust growth in the coming years. From its current state, it is expected to reach a market value of $82.45 billion in 2029, growing at a CAGR of 6.4%. This growth is primarily influenced by increasing healthcare costs, demand for short-term solutions, adherence to stringent regulations, agility in healthcare management, and global expansion. Trends that will dominate the forecast period include rising demand for cost-effective solutions, technological advancements in rental equipment, the emergence of home healthcare services, and a growing focus on sustainable practices.

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What are the Drivers of the Medical Equipment Rental Market?

The medical equipment rental market benefits from the increasing number of hospitals, diagnostic laboratories, and surgery centers. These facilities require a range of medical equipment to provide high-quality healthcare services. However, purchasing such equipment outright may not be economically feasible for them. This is where medical equipment rental companies come in, offering a cost-effective alternative by providing access to the necessary equipment on a short- or long-term basis. For example, in 2022, the Health Affairs reported that revenues from US medical and diagnostic laboratories reached $4.5 trillion, a 4.1% increase from $4.3 trillion in the previous year.

Which Segments are Covered in the Medical Equipment Rental Market?

The medical equipment rental market report covers several segments, including:

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

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Who are the Major Players in the Medical Equipment Rental Market?

Several significant companies operate within the medical equipment rental market. These 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.

What are the Trends in the Medical Equipment Rental Market?

Technological advancements are significantly shaping the medical equipment rental market. A notable example is the launch of the GoUSME App in May 2022 by US Med-Equip. This unique online portal and app, available on iOS and Android platforms, allows front-line clinicians to order and manage rented medical equipment with a mere click.

Which Region has the Largest Share in the Medical Equipment Rental Market?

North America held the largest share in the medical equipment rental market in 2024. Other regions covered in the report include Asia-Pacific, Western Europe, Eastern Europe, South America, Middle East, and Africa.

What Does The Medical Equipment Rental Market Report 2025 Offer?

The Medical Equipment Rental Market research report from The Business Research Company provides global market size, growth rate, regional shares, competitor analysis, detailed segments, trends, and opportunities. Medical equipment rental refers to the service of providing assets like infusion pumps and other medical equipment on a rental basis to lenders such as hospitals, clinics, and other healthcare partners. It allows the customer to choose which store to visit, browse through the store, and place an order for the required medical equipment.

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