Global Medical Equipment Rental Market is Projected to Mark a Significant CAGR of 7.1% over the Forecast Period i.e. 2017-2024

Medical equipment rental is referred to the leasing or renting of medical equipment. Renting or leasing of medical equipment have emerged as an alternative to equipment purchasing to various end users such as medical institutions and others.

New York, United States - September 14, 2018 /MarketersMedia/ —

“Medical Equipment Rental Market: Global Historical Growth (2012-2016) & Future Outlook (2017-2024) Demand Analysis & Opportunity Evaluation”

The global medical equipment rental market is segmented into device such as personal/home care equipment, electronic/digital equipment, surgical equipment, durable medical equipment, and storage and transport. Further, durable medical equipment grabbed the largest segment in 2016 and it is expected to garner at a notable CAGR during the forecast period. Likely, continuous innovation of healthcare products along with easy availability of rental medical equipment is projected to foster the growth of medical equipment rental market. Moreover, increase in prices of medical equipments is also believed to spur the growth medical equipment rental market.

Global medical equipment rental market is expected to register a 7.1% CAGR over the forecast period. Moreover, the global medical equipment rental market is anticipated to reach USD 68 Billion globally by 2024. The market is expected to expand on the back of developing healthcare infrastructure and increasing adoption of rental medical equipments.

 The personal/home care medical equipment rental segment is projected to occupy a considerable CAGR by the end of 2024. In terms of regional platform, Europe region captured the largest market of medical equipment rental in 2016 aided by Western Europe countries such as Germany, U.K. and others. Further, rapid urbanization and growing adoption of rental medical equipment are the key factors driving the growth of Europe medical equipment rental market. Apart from this, Asia-Pacific region is expected to be the fastest growing medical equipment rental market.

Increasing healthcare expenditure

Rapid urbanization coupled with positive GDP figures of the developed and developing nations such as U.S., China and others are believed to flourish the growth of medical equipment rental market. Moreover, short life of medical equipments restricts the consumer to purchase the equipment which in turn believed to foster the growth of medical equipment rental market.

Request For Free Report Sample@https://www.researchnester.com/sample-request/2/rep-id-495

Rising prevalence of chronic diseases

Growing aging population across the globe coupled with growing incidences of chronic diseases is also predicted to boost the growth of medical equipment rental market. Furthermore, increasing inclination of consumers towards rental medical equipments due to lower cost and upsurge demand for medical equipment from medical and healthcare institutions is anticipated to be the dynamic factor behind the rapid growth of medical equipment rental market. On the contrary, lack of awareness regarding medical equipment rental is believed to hamper the growth of medical equipment rental market during the forecast period.

The report titled “Medical Equipment Rental Market: Global Historical Growth (2012-2016) & Future Outlook (2017-2024) Demand Analysis & Opportunity Evaluation” delivers detailed overview of the global medical equipment rental market in terms of market segmentation by device type, by end-user and by region.  Further, for the in-depth analysis, the report encompasses the industry growth drivers, restraints, supply and demand risk, market attractiveness, BPS analysis and Porter’s five force model.

This report also provides the existing competitive scenario of some of the key players of the global medical equipment rental market which includes company profiling of Hill-Rom Holdings, Inc., Nunn’s Home Medical Equipment, Port Huron Hospital Medical Equipment, US Med-Equip, Inc., Universal Hospital Services, Inc., Woodley Equipment Company Ltd. Westside Medical Supply, Inc., Medone Group, Apria Healthcare Group, Inc., Siemens Financial Services, Inc.. The profiling enfolds key information of the companies which encompasses business overview, products and services, key financials and recent news and developments. On the whole, the report depicts detailed overview of the global medical equipment rental market that will help industry consultants, equipment manufacturers, existing players searching for expansion opportunities, new players searching possibilities and other stakeholders to align their market centric strategies according to the ongoing and expected trends in the future.

Request For Free Table of Contents : https://www.researchnester.com/toc-request/1/rep-id-495

About Research Nester:

Research Nester is a leading service provider for strategic market research and consulting. We aim to provide unbiased, unparalleled market insights and industry analysis to help industries, conglomerates and executives to take wise decisions for their future marketing strategy, expansion and investment etc. We believe every business can expand to its new horizon, provided a right guidance at a right time is available through strategic minds. Our out of box thinking helps our clients to take wise decision so as to avoid future uncertainties.

Follow us: - LinkedInTwitter | Facebook

Contact Info:
Name: Ajay Daniel
Email: ajay.daniel@researchnester.com
Organization: Research Nester
Phone: +1 646 586 9123

Source URL: https://marketersmedia.com/global-medical-equipment-rental-market-is-projected-to-mark-a-significant-cagr-of-7-1-over-the-forecast-period-i-e-2017-2024/407880

For more information, please visit https://www.researchnester.com/reports/medical-equipment-rental-market-global-historical-growth-2012-2016-future-outlook-2017-2024-demand-analysis-opportunity-evaluation/495

Source: MarketersMedia

Release ID: 407880

Latest News

Cummings concerned about Jared, Ivanka private emails, texts

Mar 25, 2019

WASHINGTON — Ivanka Trump, the president's daughter and a powerful White House aide, did not preserve all of her official emails as required by federal law, and her husband, Jared Kushner, used a messaging application to conduct U.S. business outside government channels, the chairman of the House Oversight and Reform Committee said on Thursday. Rep. Elijah Cummings, D-Md., said in a letter to the White House that the use of private email accounts and the messaging application WhatsApp by senior administration officials raises "security and federal records concerns." Cummings said that Trump's lawyer, Abbe Lowell, told the committee that Trump...

Some lawmakers worry about allowing sports bets on phones

Mar 25, 2019

PROVIDENCE, R.I. — For states looking to profit off the new world of legal sports betting, there's an app for that. The question for state lawmakers: Should they allow it? As state legislatures across the U.S. decide whether to authorize sports gambling, lawmakers are debating whether the bets — like almost everything else in daily life — should be allowed to happen online or made only in-person. Among their concerns is that the accessibility of online betting, especially on mobile devices, could be a pathway for minors to start gambling and make sports betting more addictive. The debate was on...

Huawei pleads not guilty in US court in Iran sanctions case

Mar 25, 2019

NEW YORK — The Chinese electronics giant Huawei pleaded not guilty on Thursday to charges accusing it of plotting to violate Iran trade sanctions, a case that has complicated the China-U.S. trade dispute and cast a harsh light on the daughter of the company's founder. Lawyers for the No. 2 smartphone maker entered the plea in federal court in Brooklyn. It came two weeks after Huawei pleaded not guilty to separate federal charges filed in Seattle accusing the company of stealing technology from T-Mobile. Both cases have heightened tensions over U.S accusations that China is using predatory tactics to turn...

Big tech companies cast as monopolies in UK government study

Mar 25, 2019

LONDON — Facebook, Google, Amazon and Apple are once again being cast as monopolies that have become too powerful for society's good, a recurring theme that's increasing the pressure to rein them in. A 150-page report commissioned by the British government depicts big digital companies in search, social media, advertising and e-commerce as threats to competition, innovation and personal privacy. Meanwhile, the music streaming service Spotify filed an antitrust complaint in Europe against Apple, accusing it of stifling competition through its control over the iPhone's operating system and app store. Wednesday's dual attacks provide more fodder in a worldwide debate...

Trump's national monument changes return to spotlight

Mar 25, 2019

SALT LAKE CITY — As Democrats in Congress prepare to scrutinize President Donald Trump's review of 27 national monuments, most of the recommendations made by ex-Interior Secretary Ryan Zinke remain unfinished as other matters consume the White House. Trump acted quickly in December 2017 on Zinke's recommendations to shrink two sprawling Utah monuments that had been criticized as federal government overreach by the state's Republican leaders since their creation by Democratic Presidents Barack Obama and Bill Clinton. But in the 15 months since Trump downsized the Utah monuments, the president has done nothing with Zinke's proposal to shrink two more...

About Us

Science Thread delivers quality and fascinating science and technology content that matters on a daily basis and makes it go viral.

Contact us: sales@sciencethread.com