Medical Equipment Rental Market Size, Share & Trends Analysis Report By End Use (Personal, Institutes, Hospitals), By Product (Storage & Transport, Durable, Surgical), And Segment Forecasts, 2018 - 2025

Published: Oct, 2018 | Pages: 111 | Publisher: Grand View Research
Industry: Medical Devices | Report Format: Electronic (PDF)

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.

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.

 Table of Contents

Chapter 1 Research Methodology
                   1.1 Information Procurement
                   1.2 Data Analysis
                   1.3 Approaches For Market Estimation
                       1.3.1 Approach 1: Demand analysis & bottom up approach
                       1.3.2 Approach 2: Top down market estimation
                       1.3.3 Approach 3: Commodity flow and bottom up market estimation
                       1.3.4 Approach 4: KoL perspective based market sizing
Chapter 2 Executive Summary
                   2.1 Market Snapshot
                   2.2 Primary Data Analysis
Chapter 3 Market Variables, Trends & Scope
                   3.1 Market Segmentation & Scope
                   3.2 Market Driver Analysis
                       3.2.1 Increasing demand for home healthcare
                       3.2.2 Shortened product lifecycle
                       3.2.3 Lowered procurement costs and reduced capital requirement
                   3.3 Market Restraint Analysis
                       3.3.1 Inclusion of medical devices in insurance policies
                   3.4 Penetration & Growth Prospect Mapping
                   3.5 Medical Equipment Rental Market - Swot Analysis, By Factor (Political & Legal, Economic And Technological)
                   3.6 Industry Analysis - Porter's
                       3.6.1 Threat of new entrants
                       3.6.2 Competitive rivalry
                       3.6.3 Bargaining power of suppliers
                       3.6.4 Bargaining power of buyers
                       3.6.5 Threat of substitutes
Chapter 4 Medical Equipment Rental Market: Product Estimates & Trend Analysis
                   4.1 Medical Equipment Rental Market: Product Movement Analysis
                   4.2 Surgical Equipment
                       4.2.1 Surgical equipment market, 2014 - 2025 (USD Million)
                   4.3 Durable Medical Equipment
                       4.3.1 Durable medical equipment market, 2014 - 2025 (USD Million)
                       4.3.2 Personal Mobility Devices
                           4.3.2.1 Personal Mobility devices market, 2014 - 2025 (USD Million)
                       4.3.3 Bathroom Safety and Medical Furniture
                           4.3.3.1 Bathroom safety and medical furniture market, 2014 - 2025 (USD Million)
                       4.3.4 Monitoring and Therapeutic Devices
                           4.3.4.1 Monitoring and therapeutic devices market, 2014 - 2025 (USD Million)
                   4.4 Storage and Transport Devices
                       4.4.1 Storage and transport devices market, 2014 - 2025 (USD Million)
Chapter 5 Medical Equipment Rental Market: By End-Use Type Estimates & Trend Analysis
                   5.1 Medical Equipment Rental Market: End-Use Movement Analysis
                   5.2 Personal/Home Care
                       5.2.1 Personal/Home care market, 2014 - 2025 (USD Million)
                   5.3 Institutes and Laboratories
                       5.3.1. Institutes and laboratories, 2014 - 2025 (USD Million)
                   5.4 Hospitals .
                       5.4.1 Hospitals, 2014 - 2025 (USD Million)
Chapter 6 Medical Equipment Rental Market: Regional Estimates & Trend Analysis, by Product and Application
                   6.1 Medical Equipment Rental Market: Regional Movement Analysis
                   6.2 North America
                       6.2.1 North America, 2014 - 2025 (USD Million)
                       6.2.2 U.S.
                       6.2.3 U.S.market estimates & forecasts, by product, 2014 - 2025 (USD Million)
                       6.2.4 U.S.market estimates & forecasts, by end-use, 2014 - 2025 (USD Million)
                       6.2.5 Canada
                       6.2.6 Canada market estimates & forecasts, by product, 2014 - 2025 (USD Million)
                       6.2.7 Canada market estimates & forecasts, by end-use, 2014 - 2025 (USD Million)
                   6.3 Europe
                       6.3.1 Europe, 2014 - 2025 (USD Million)
                       6.3.2 U.K.
                       6.3.3 U.K. market estimates & forecasts, by product, 2014 - 2025 (USD Million)
                       6.3.4 U.K. market estimates & forecasts, by end-use, 2014 - 2025 (USD Million)
                       6.3.5 Germany
                       6.3.6 Germany market estimates & forecasts, by product, 2014 - 2025 (USD Million)
                       6.3.7 Germany market estimates & forecasts, by end-use, 2014 - 2025 (USD Million)
                   6.4 Asia Pacific
                       6.4.1 Asia-Pacific, 2014 - 2025 (USD Million)
                       6.4.2 India
                       6.4.3 India market estimates & forecasts, by product, 2014 - 2025 (USD Million)
                       6.4.4 India market estimates & forecasts, by end-use, 2014 - 2025 (USD Million)
                       6.4.5 China
                       6.4.6 China market estimates & forecasts, by product, 2014 - 2025 (USD Million)
                       6.4.7 China market estimates & forecasts, by end-use, 2014 - 2025 (USD Million)
                   6.5 Latin America
                       6.5.1 Latin America, 2014 - 2025 (USD Million)
                       6.5.2 Brazil
                       6.5.3 Brazil market estimates & forecasts, by product, 2014 - 2025 (USD Million)
                       6.5.4 Brazil market estimates & forecasts, by end-use, 2014 - 2025 (USD Million)
                       6.5.5 Mexico
                       6.5.6 Mexico market estimates & forecasts, by product, 2014 - 2025 (USD Million)
                       6.5.7 Mexico market estimates & forecasts, by end-use, 2014 - 2025 (USD Million)
                   6.6 Middle East and Africa (MEA)
                       6.6.1 MEA, 2014 - 2025 (USD Million)
                       6.6.2 South Africa
                       6.6.3 South Africa market estimates & forecasts, by product, 2014 - 2025 (USD Million)
                       6.6.4 South Africa market estimates & forecasts, by end-use, 2014 - 2025 (USD Million)
Chapter 7 Competitive Landscape
                   7.1 Company Profiles
                       7.1.1 Hill-Rom Holdings, Inc.
                           7.1.1.1 Company overview
                           7.1.1.2 Financial performance
                           7.1.1.3 Product benchmarking
                           7.1.1.4 Strategic initiatives
                       7.1.2 Siemens Financial Services, Inc.
                           7.1.2.1 Company overview
                           7.1.2.2 Financial performance
                           7.1.2.3 Product benchmarking
                           7.1.2.4 Strategic initiatives
                       7.1.3 Nunn's Home Medical Equipment
                           7.1.3.1 Company overview
                           7.1.3.2 Financial performance
                           7.1.3.3 Product benchmarking
                           7.1.3.4 Strategic initiatives
                       7.1.4 Westside Medical Supply
                           7.1.4.1 Company overview
                           7.1.4.2 Financial performance
                           7.1.4.3 Product benchmarking
                           7.1.4.4 Strategic initiatives
                       7.1.5 Universal Hospital Services, Inc.
                           7.1.5.1 Company overview
                           7.1.5.2 Financial performance
                           7.1.5.3 Product benchmarking
                           7.1.5.4 Strategic initiatives
                       7.1.6 Woodley Equipment Company Ltd..
                           7.1.6.1 Company overview
                           7.1.6.2 Financial performance
                           7.1.6.3 Product benchmarking
                           7.1.6.4 Strategic initiatives

List of Tables

TABLE 1 North America Medical Equipment Rental market, by product, 2014 - 2025 (USD Million)
TABLE 2 North America surgical equipment market, by product, 2014 - 2025 (USD Million)
TABLE 3 North America DME market, by product, 2014 - 2025 (USD Million)
TABLE 4 North America storage and transport equipment market, by product, 2014 - 2025 (USD Million)
TABLE 5 North America Medical Equipment Rental market, by end-use, 2014 - 2025 (USD Million)
TABLE 6 North America presonal/home care market, by end-use, 2014 - 2025 (USD Million)
TABLE 7 North America institutes and laboratories market, by end-use, 2014 - 2025 (USD Million)
TABLE 8 North America hospitals market, by end-use, 2014 - 2025 (USD Million)
TABLE 9 U.S. Medical Equipment Rental market, by product, 2014 - 2025 (USD Million)
TABLE 10 U.S. surgical equipment market, by product, 2014 - 2025 (USD Million)
TABLE 11 U.S. DME market, by product, 2014 - 2025 (USD Million)
TABLE 12 U.S. storage and transport equipment market, by product, 2014 - 2025 (USD Million)
TABLE 13 U.S. Medical Equipment Rental market, by end-use, 2014 - 2025 (USD Million)
TABLE 14 U.S. presonal/home care market, by end-use, 2014 - 2025 (USD Million)
TABLE 15 U.S. institutes and laboratories market, by end-use, 2014 - 2025 (USD Million) 
TABLE 16 U.S. hospitals market, by end-use, 2014 - 2025 (USD Million)
TABLE 17 Canada Medical Equipment Rental market, by product, 2014 - 2025 (USD Million)
TABLE 18 Canada surgical equipment market, by product, 2014 - 2025 (USD Million)
TABLE 19 Canada DME market, by product, 2014 - 2025 (USD Million)
TABLE 20 Canada storage and transport equipment market, by product, 2014 - 2025 (USD Million)
TABLE 21 Canada Medical Equipment Rental market, by end-use, 2014 - 2025 (USD Million)
TABLE 22 Canada presonal/home care market, by end-use, 2014 - 2025 (USD Million)
TABLE 23 Canada institutes and laboratories market, by end-use, 2014 - 2025 (USD Million)
TABLE 24 Canada hospitals market, by end-use, 2014 - 2025 (USD Million)
TABLE 25 Europe Medical Equipment Rental market, by product, 2014 - 2025 (USD Million)
TABLE 26 Europe surgical equipment market, by product, 2014 - 2025 (USD Million)
TABLE 27 Europe DME market, by product, 2014 - 2025 (USD Million)
TABLE 28 Europe storage and transport equipment market, by product, 2014 - 2025 (USD Million)
TABLE 29 Europe Medical Equipment Rental market, by end-use, 2014 - 2025 (USD Million)
TABLE 30 Europe presonal/home care market, by end-use, 2014 - 2025 (USD Million)
TABLE 31 Europe institutes and laboratories market, by end-use, 2014 - 2025 (USD Million)
TABLE 32 Europe hospitals market, by end-use, 2014 - 2025 (USD Million)
TABLE 33 U.K. Medical Equipment Rental market, by product, 2014 - 2025 (USD Million)
TABLE 34 U.K. surgical equipment market, by product, 2014 - 2025 (USD Million)
TABLE 35 U.K. DME market, by product, 2014 - 2025 (USD Million)
TABLE 36 U.K. storage and transport equipment market, by product, 2014 - 2025 (USD Million)
TABLE 37 U.K. Medical Equipment Rental market, by end-use, 2014 - 2025 (USD Million)
TABLE 38 U.K. presonal/home care market, by end-use, 2014 - 2025 (USD Million)
TABLE 39 U.K. institutes and laboratories market, by end-use, 2014 - 2025 (USD Million)
TABLE 40 U.K. hospitals market, by end-use, 2014 - 2025 (USD Million)
TABLE 41 Germany Medical Equipment Rental market, by product, 2014 - 2025 (USD Million)
TABLE 42 Germany surgical equipment market, by product, 2014 - 2025 (USD Million)
TABLE 43 Canda DME market, by product, 2014 - 2025 (USD Million)
TABLE 44 Germany storage and transport equipment market, by product, 2014 - 2025 (USD Million)
TABLE 45 Germany Medical Equipment Rental market, by end-use, 2014 - 2025 (USD Million)
TABLE 46 Germany presonal/home care market, by end-use, 2014 - 2025 (USD Million)
TABLE 47 Germany institutes and laboratories market, by end-use, 2014 - 2025 (USD Million)
TABLE 48 Germany hospitals market, by end-use, 2014 - 2025 (USD Million)
TABLE 49 Asia Pacific Medical Equipment Rental market, by product, 2014 - 2025 (USD Million)
TABLE 50 Asia Pacific surgical equipment market, by product, 2014 - 2025 (USD Million)
TABLE 51 Asia Pacific DME market, by product, 2014 - 2025 (USD Million)
TABLE 52 Asia Pacific storage and transport equipment market, by product, 2014 - 2025 (USD Million)
TABLE 53 Asia Pacific Medical Equipment Rental market, by end-use, 2014 - 2025 (USD Million)
TABLE 54 Asia Pacific presonal/home care market, by end-use, 2014 - 2025 (USD Million)
TABLE 55 Asia Pacific institutes and laboratories market, by end-use, 2014 - 2025 (USD Million)
TABLE 56 Asia Pacific hospitals market, by end-use, 2014 - 2025 (USD Million)
TABLE 57 China Medical Equipment Rental market, by end-use, 2014 - 2025 (USD Million)
TABLE 58 China surgical equipment market, by product, 2014 - 2025 (USD Million)
TABLE 59 China DME market, by product, 2014 - 2025 (USD Million)
TABLE 60 China storage and transport equipment market, by product, 2014 - 2025 (USD Million)
TABLE 61 China Medical Equipment Rental market, by end-use, 2014 - 2025 (USD Million)
TABLE 62 China presonal/home care market, by end-use, 2014 - 2025 (USD Million)
TABLE 63 China institutes and laboratories market, by end-use, 2014 - 2025 (USD Million)
TABLE 64 China hospitals market, by end-use, 2014 - 2025 (USD Million)
TABLE 65 India Medical Equipment Rental market, by product, 2014 - 2025 (USD Million)
TABLE 66 India surgical equipment market, by product, 2014 - 2025 (USD Million)
TABLE 67 India DME market, by product, 2014 - 2025 (USD Million)
TABLE 68 India storage and transport equipment market, by product, 2014 - 2025 (USD Million)
TABLE 69 India Medical Equipment Rental market, by end-use, 2014 - 2025 (USD Million)
TABLE 70 India presonal/home care market, by end-use, 2014 - 2025 (USD Million)
TABLE 71 India institutes and laboratories market, by end-use, 2014 - 2025 (USD Million)
TABLE 72 India hospitals market, by end-use, 2014 - 2025 (USD Million)
TABLE 73 Latin America Medical Equipment Rental market, by product, 2014 - 2025 (USD Million)
TABLE 74 Latin America surgical equipment market, by product, 2014 - 2025 (USD Million)
TABLE 75 Latin America DME market, by product, 2014 - 2025 (USD Million)
TABLE 76 Latin America storage and transport equipment market, by product, 2014 - 2025 (USD Million)
TABLE 77 Latin America Medical Equipment Rental market, by end-use, 2014 - 2025 (USD Million)
TABLE 78 Latin America presonal/home care market, by end-use, 2014 - 2025 (USD Million)
TABLE 79 Latin America institutes and laboratories market, by end-use, 2014 - 2025 (USD Million)
TABLE 80 Latin America hospitals market, by end-use, 2014 - 2025 (USD Million)
TABLE 81 Brazil Medical Equipment Rental market, by product, 2014 - 2025 (USD Million)
TABLE 82 Brazil surgical equipment market, by product, 2014 - 2025 (USD Million)
TABLE 83 Brazil DME market, by product, 2014 - 2025 (USD Million)
TABLE 84 Brazil storage and transport equipment market, by product, 2014 - 2025 (USD Million)
TABLE 85 Brazil Medical Equipment Rental market, by end-use, 2014 - 2025 (USD Million)
TABLE 86 Brazil presonal/home care market, by end-use, 2014 - 2025 (USD Million)
TABLE 87 Brazil institutes and laboratories market, by end-use, 2014 - 2025 (USD Million)
TABLE 88 Brazil hospitals market, by end-use, 2014 - 2025 (USD Million)
TABLE 89 Mexico Medical Equipment Rental market, by product, 2014 - 2025 (USD Million)
TABLE 90 Mexico surgical equipment market, by product, 2014 - 2025 (USD Million)
TABLE 91 Mexico DME market, by product, 2014 - 2025 (USD Million)
TABLE 92 Mexico storage and transport equipment market, by product, 2014 - 2025 (USD Million)
TABLE 93 Mexico Medical Equipment Rental market, by end-use, 2014 - 2025 (USD Million)
TABLE 94 Mexico presonal/home care market, by end-use, 2014 - 2025 (USD Million)
TABLE 95 Mexico institutes and laboratories market, by end-use, 2014 - 2025 (USD Million)
TABLE 96 Mexico hospitals market, by end-use, 2014 - 2025 (USD Million)
TABLE 97 MEA storage and transport equipment market, by product, 2014 - 2025 (USD Million)
TABLE 98 MEA Medical Equipment Rental market, by end-use, 2014 - 2025 (USD Million)
TABLE 99 MEA presonal/home care market, by end-use, 2014 - 2025 (USD Million)
TABLE 100 MEA America institutes and laboratories market, by end-use, 2014 - 2025 (USD Million)
TABLE 101 MEA hospitals market, by end-use, 2014 - 2025 (USD Million)
TABLE 102 South Africa Medical Equipment Rental market, by product, 2014 - 2025 (USD Million)
TABLE 103 South Africa surgical equipment market, by product, 2014 - 2025 (USD Million)
TABLE 104 South Africa DME market, by product, 2014 - 2025 (USD Million)
TABLE 105 South Africa storage and transport equipment market, by product, 2014 - 2025 (USD Million)
TABLE 106 South Africa Medical Equipment Rental market, by end-use, 2014 - 2025 (USD Million)
TABLE 107 South Africa presonal/home care market, by end-use, 2014 - 2025 (USD Million)
TABLE 108 South Africa institutes and laboratories market, by end-use, 2014 - 2025 (USD Million)
TABLE 109 South Africa hospitals market, by end-use, 2014 - 2025 (USD Million)

List of Figures

FIG. 1 Market research process
FIG. 2 Information procurement
FIG. 3 Primary research pattern
FIG. 4 Market research approaches
FIG. 5 Value chain based sizing & forecasting
FIG. 6 QFD modelling for market share assessment
FIG. 7 Market summary (USD Million)
FIG. 8 Primary Data Analysis : Medical Equipment Rental Market
FIG. 9 Market trends & outlook
FIG. 10 Market segmentation & scope
FIG. 11 Market driver relevance analysis (Current & future impact)
FIG. 12 Market restraint relevance analysis (Current & future impact)
FIG. 13 Penetration & growth prospect mapping
FIG. 14 SWOT Analysis, By Factor (political & legal, economic and technological)
FIG. 15 Porter's Five Forces Analysis
FIG. 16 Medical Equipment Rental Market: Product outlook key takeaways
FIG. 17 Medical Equipment Rental Market: Product movement analysis
FIG. 18 Surgical equipment market, 2014 - 2025 (USD Million)
FIG. 19 Durable medical equipment market, 2014 - 2025 (USD Million)
FIG. 20 Personal Mobility Devices market, 2014- 2025 (USD Million)
FIG. 21 Bathroom Safety and Medical Furniture market, 2014 - 2025 (USD Million)
FIG. 22 Monitoring and therapeutic devices market, 2014 - 2025 (USD Million)
FIG. 23 Storage and transport devices market, 2014- 2025 (USD Million)
FIG. 24 Medical Equipment Rental Market: End-use outlook key takeaways
FIG. 25 Medical Equipment Rental Market: DME product movement analysis
FIG. 26 Personal/Home care market, 2014 - 2025 (USD Million)
FIG. 27 Institutes and laboratories market, 2014 - 2025 (USD Million)
FIG. 28 Hospitals market, 2014 - 2025 (USD Million)
FIG. 29 Regional market place: Key takeaways
FIG. 30 Medical equipment rental market: Regional movement analysis
FIG. 31 North America market estimates & forecasts, 2014 - 2025 (USD Million)
FIG. 32 U.S. market estimates & forecasts, 2014 - 2025 (USD Million)
FIG. 33 Canada market estimates & forecasts, 2014 - 2025 (USD Million)
FIG. 34 Europe market estimates & forecasts, 2014 - 2025 (USD Million)
FIG. 35 U.K. market estimates & forecasts, 2014 - 2025 (USD Million)
FIG. 36 Germany market estimates & forecasts, 2014 - 2025 (USD Million)
FIG. 37 Asia-Pacific market estimates & forecasts, 2014 - 2025 (USD Million)
FIG. 38 India market estimates & forecasts, 2014 - 2025 (USD Million)
FIG. 39 China market estimates & forecasts, 2014 - 2025 (USD Million)
FIG. 40 Latin America market estimates & forecasts, 2014 - 2025 (USD Million)
FIG. 41 Brazil market estimates & forecasts, 2014 - 2025 (USD Million)
FIG. 42 Mexico market estimates & forecasts, 2014 - 2025 (USD Million)
FIG. 43 MEA market estimates & forecasts, 2014 - 2025 (USD Million)
FIG. 44 South Africa market estimates & forecasts, 2014 - 2025 (USD Million)
FIG. 45 Strategy framework

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