The global Medical equipment rental market size is expected to reach a value of USD 65.4 billion by 2026, this market is anticipated to grow with 4.5% CAGR during the forecast time period. Growing base of geriatric and handicapped populace combined with rising requirement for home medicinal services items is pushing the market.
Strength of sturdy therapeutic gear (DME) can be credited to expanding reception of individual portability and help helps by disabled individuals. Likewise, increasing need for monitoring and therapeutic instruments due to growing patient pool and constant technological upgradation in these gadgets are encouraging the development of the DME rental market.
Rise of financial services for renting healthcare equipment in the past few years has developed to be a shelter for institutes, hospitals, and other healthcare providers. Additionally, leasing hardware gives money saving advantages to end clients, as it diminishes proprietorship costs and thus enables these players to receive propelled product modules.
Rising requirement for home healthcare attributable to diminished hospital stays and extending geriatric and debilitated patient pool is boosting the need for rental gadgets. Expanding mishaps, for example, spinal malfunctioning, brain or skeletal injury/ disorders and muscular dystrophy are leading to an increase in the pool of disabled populace. All these parameters are working in favour of the medical equipment rental market.
Accessibility of different grants and government arrangements for handicapped populace is anticipated to obstruct the development of the market. Arrangement allows, for example, budgetary help for acquisition of gear and assets for building infrastructural offices for debilitated are bringing down the requirement for leasing of equipment. This, thusly, is estimated to constrain the market from understanding its most extreme potential.
Market By Product
Market By End-user
Market By Geography
North America overwhelmed the market in 2018 and is required to stay prevailing through 2025. Occurrence of a large number of service providers and high need for technically progressive products are rising the development of the regional medical equipment rental market. The region faces issues of extra spending on purchase of latest therapeutic device or equipment, which can be tackled by leasing equipment.
The region was trailed by Europe in 2018 as far as revenue. Rising occurrence of chronic diseases, for example, Parkinson's, Huntington's illness, and atherosclerosis, expansion of home health care, and quickly developing geriatric populace are giving a fillip to the market in Europe. Also, educational institutes and research labs are anticipating diminishing operational and acquirement costs, prompting more prominent appropriation of rental gear all inclusive.
Market companies are concentrating on implementing new strategies for instance regional expansion, partnerships, mergers and acquisitions, new product launches, and distribution agreements to surge their revenue share. The major players associated with the Medical equipment rental are Woodley Equipment Company Ltd., Hill-Rom Holdings, Inc., Westside Medical Supply, Nunn’s Home Medical Equipment, Universal Hospital Services, Inc., and Siemens Financial Services, Inc.
The global medical nonwoven disposables market is forecasted to grow at a CAGR of 6.6% over the forecast time frame and reach around US$ 26.1 billion by 2026. The report provides analysis of global medical non-woven disposables market for the period 2015-2026, wherein 2019 to 2026 is the forecast period and 2018 is considered as the base year. Market Insights Nonwovens are a unique category of textile product enginee
According to Acumen Research and Consulting, the global plastic surgery instruments market size is anticipated to reach around US$ 1.7 billion by 2026 and expected to grow at a CAGR of 8.5% from period 2019 to 2026. Plastic surgery involves the restoration, replacement, alteration and rehabilitation of body regions, such as the head, skin, musculoskeletal, breast and others. The two main kinds of plastic surgery are cosmetic and reconstructive. Cosmetic o
According to Acumen Research and Consulting, the global upper limb prosthetics market size is expected to worth US$ 1.9 billion by 2026 and poised to grow at a CAGR around 10.5 % from period 2019 to 2026. The prothetics of the upper limbs have gone a long way from their ancient origins to advanced and advanced protheses of today's moments. Today, the highest prothesis implants consist of aluminum, plastics and sophisticated composite components. The
According to Acumen Research and Consulting, the global MRI-guided neurosurgical ablation market is forecasted to grow at a CAGR around 4.3% from period 2019 to 2026 and reach around US$ 5.4 billion by 2026. The report provides analysis of global MRI-guided Neurosurgical Ablation market for the period 2015-2026, wherein 2019 to 2026 is the forecast period and 2018 is considered as the base year. Market Insights An gr
Introduction According to Acumen Research and Consulting, The global self-monitoring blood glucose devices market size is expected to reach US$ 19 billion by 2026 and market is growing at a CAGR of 5 % from 2019 to 2026. Diabetes is a clinical disorder in which the blood glucose level rises owing to the pancreas ' incapacity to generate insulin. Monitoring glucose is one of the most important measures in the leadership of diabetes
Introduction According to Acumen Research and Consulting, the global ovarian cancer diagnostics market is forecasted to grow at striking CAGR around 5.9 % over the forecast time frame and reach around US$ 1.8 billion by 2026. One of the most prevalent kinds of cancer in females is ovarian cancer. It is a cancer which begins in the ovaries. Ovary is a woman reproductive organ that contains eggs or ova. There are two ovaries i