UK Leasing

Healthcare Equipment Rental Market Size To Increase $ 16.27 Billion Between 2021 and 2025 | Driven by the inflated cost of healthcare equipment


By product, the healthcare equipment rental market saw maximum growth in the durable medical equipment segment in 2020. Factors such as high demand from end users, easy uptime and availability of health care coverage. reimbursement contribute to the growth of the segment.

Likewise, in terms of geography, the market is expected to observe maximum growth opportunities in North America. The region occupied around 37% of the market share in 2020. The growth of the market in North America can be attributed to the increasing adoption of rental equipment and the increase in target population. In addition, the establishment of new health establishments in the region will contribute to the growth of the market.

Healthcare equipment rental market: main growth drivers

The health equipment rental market growth is expected to be driven by the following factors:

  • Inflated cost of healthcare equipment
  • Growing demand for equipment rental in low-budget healthcare facilities

In addition, the continuous technological advancements are expected to positively impact the growth of the healthcare equipment rental market during the period 2021-2025. The growing need to improve healthcare is creating a demand for improved medical equipment and related technologies. However, upgrading medical equipment used in medical imaging, endoscopy, and other related procedures is very expensive. In addition, it requires significant expenditure on the part of healthcare establishments to constantly replace equipment on demand and keep pace with technological innovations. Therefore, healthcare institutions are considering leasing as a possible option to keep pace in the changing healthcare environment. This trend in the healthcare industry is expected to drive the growth of the global healthcare equipment rental market during the forecast period.

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Health equipment rental market: offers from the main suppliers

Agfa-Gevaert SA: The company deals with the sale and rental of various health equipment through its subsidiary Agfa HealthCare.

Hill-Rom Holdings Inc .: The company provides health equipment rental and leasing services for beds and surfaces.

Koninklijke Philips SA: The company offers rental solutions for various diagnostic imaging equipment such as x-rays, computed tomography, ultrasound systems and positron emission tomography.

Oak Leasing Ltd. : The company provides equipment rental services to the healthcare and medical industries across the UK and Europe.

Rabobank Group: The company provides operating and leasing solutions for healthcare equipment.

Reasons for Buying Healthcare Equipment Rental Market Report:

  • Market CAGR during the forecast period 2021-2025
  • Detailed information on the factors that will contribute to the growth of the healthcare equipment rental market over the next five years
  • Estimation of the size of the healthcare equipment rental market and its contribution to the parent market
  • Predictions on upcoming trends and changes in consumer behavior
  • The growth of the healthcare equipment rental market through North America, Europe, Asia, and RANK
  • Market competitive landscape analysis and detailed supplier information
  • Complete details on the factors that will challenge the growth of Healthcare Equipment Rental Market vendors

Associated reports:

Global Medical Equipment Maintenance Market – The global medical equipment maintenance market is segmented by type (healthcare systems, pharmaceutical diagnostics, and others) and geography (North America, Europe, Asia, and RANG).
Download an exclusive free sample report

Global Hospital Stretcher Market – The global hospital stretchers market is segmented by technology (non-motorized stretchers and motorized stretchers), by application (fixed stretchers, adjustable stretchers, bariatric stretchers, x-ray stretchers and others) and by geography (North America, Europe, Asia, and RANG).
Download an exclusive free sample report

Scope of the healthcare equipment rental market

Cover of the report

Details

Page number

120

Year of reference

2020

Forecast period

2021-2025

Growth dynamics and CAGR

Accelerate to a CAGR of around 6%

Market growth 2021-2025

$ 16.27 billion

Market structure

Fragmented

Annual growth (%)

5.10

Regional analysis

North America, Europe, Asia and ROW

Efficient contribution to the market

North America at 37%

Main consumer countries

United States, Germany, Japan, United Kingdom and France

Competitive landscape

Leading companies, competitive strategies, reach of consumer engagement

Profiled companies

Agfa-Gevaert NV, Hill-Rom Holdings Inc., Koninklijke Philips NV, Oak Leasing Ltd., Rabobank Group, Siemens AG, Stryker Corp., Teachers Insurance and Annuity Association of America, The Blackstone Group Inc. and Tokyo Century Corp.

Market dynamics

Analysis of the parent market, market growth drivers and obstacles, analysis of fast and slow growing segments, impact of COVID-19 and future consumer dynamics, and analysis of market conditions for the forecast period.

Customization

If our report didn’t include the data you’re looking for, you can reach out to our analysts and customize the segments.

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