The global medical equipment rental market size is expected
to reach USD 64.07 billion by 2025, according to a new report by Grand View
Research, Inc., progressing at a CAGR of 4.4% during the forecast
period. Expanding base of geriatric and disabled population coupled with
rising need for home healthcare products is propelling the market.
Rising demand for technologically
advanced clinical devices and increasing healthcare expenditure is encouraging
R&D activities in the medical devices industry are resulting in launch of
expensive variants of medical products. This is anticipated to positively
influence the growth of the medical equipment rental market.
Dominance of durable medical equipment
(DME) can be attributed to increasing adoption of personal mobility and assist
aids by disabled individuals. In addition, surging demand for monitoring and
therapeutic instruments owing to increasing patient pool and continuous
technological upgradation in these devices are spurring the growth of the DME
rental market.
Emergence of financial services for
leasing healthcare apparatus in the past few years has emerged to be a boon for
hospitals, institutes, and other healthcare providers. Moreover, renting
equipment confers cost benefits to end users, as it reduces ownership costs and
in turn allows these players to adopt advanced product modules.
Rising concerns regarding palliative
care coupled with regulatory transformations for the same are poised to augment
the market. Regulatory transformation or programs adopted by hospitals for
palliative care are resulting in increased demand for rental equipment.
Browse full research report on Medical Equipment Rental Market: https://www.grandviewresearch.com/industry-analysis/medical-equipment-rental-market
Further key findings from the report suggest:
- DMEs
emerged as the largest product segment in 2017 owing to increasing
disabled population
- Hospitals
dominated the market in 2017 owing to heightened demand for rental devices
for cost benefits
- North
America is projected to lead the market throughout the forecast horizon.
Improving awareness about home healthcare and increasing demand for novel
technologies are supporting the dominance of the region
- The
market in Asia Pacific is estimated to witness healthy growth during the
forecast period owing to faster adoption of advanced equipment for quality
healthcare practices
- Few
of the key market players include Hill-Rom Holdings, Inc., Westside
Medical Supply, Nunn’s Home Medical Equipment, Siemens Financial Services,
Inc., Woodley Equipment Company Ltd.; and Universal Hospital Services,
Inc.
Browse
request sample of this report by Grand View Research: https://www.grandviewresearch.com/industry-analysis/medical-equipment-rental-market/request/rs1
Grand View Research has segmented the global medical equipment
rental market based on product, end use, and region:
Medical Equipment Rental Product Outlook (Revenue, USD Million,
2014 - 2025)
- Surgical
Equipment (C-arm, Surgical table, /ultrasound)
- Durable
Medical Equipment
- Personal
Mobility Devices
- Bathroom
Safety and Medical Furniture
- Monitoring
and Therapeutic Devices
- Storage
and Transport
Medical Equipment Rental End-use Outlook (Revenue, USD Million,
2014 - 2025)
- Personal/Home
care
- Institutional
- Hospitals
Medical Equipment Rental Regional Outlook (Revenue, USD Million,
2014 - 2025)
- North
America
- U.S.
- Canada
- Europe
- U.K.
- Germany
- Asia
Pacific
- India
- China
- Latin
America
- Brazil
- Mexico
- Middle
East & Africa
- South
Africa
About
Grand View Research
Grand View Research, Inc. is a U.S.
based market research and consulting company, registered in the State of
California and headquartered in San Francisco. The company provides syndicated
research reports, customized research reports, and consulting services. To help
clients make informed business decisions, we offer market intelligence studies
ensuring relevant and fact-based research across a range of industries, from
technology to chemicals, materials and healthcare.
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