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

Lawmaker: US Senate, staff targeted by state-backed hackers

Sep 20, 2018

Foreign government hackers continue to target the personal email accounts of U.S. senators and their aides — and the Senate's security office has refused to defend them, a lawmaker says. Sen. Ron Wyden, an Oregon Democrat, said in a Wednesday letter to Senate leaders that his office discovered that "at least one major technology company" has warned an unspecified number of senators and aides that their personal email accounts were "targeted by foreign government hackers." Similar methods were employed by Russian military agents who leaked the contents of private email inboxes to influence the 2016 elections. Wyden did not specify...

Boss revenge, self-colonoscopy studies win 2018 Ig Nobels

Sep 20, 2018

BOSTON — Anyone who's ever been so furious with their boss that they feel like exacting revenge really needs to listen to Lindie Liang. Liang and her colleagues found that abusing a virtual voodoo doll instead of your boss will make you feel better without getting you fired or thrown in jail, a study that earned them a 2018 Ig Nobel, the annual prize sponsored by the science humor magazine Annals of Improbable Research for comical but practical scientific discovery. Winners recognized Thursday included a Japanese doctor who devised a revolutionary new way to give yourself a colonoscopy; a British...

Lawsuit renews focus on privacy policies for mobile apps

Sep 20, 2018

ALBUQUERQUE, N.M. — Researchers have warned that many popular free mobile apps aimed at children are potentially violating a U.S. law designed to protect the privacy of young users. Some brushed off the findings, but a federal lawsuit filed Tuesday by New Mexico's top prosecutor is renewing focus on the public's growing concerns about whether information on online interests, browsing and buying habits are slipping into the hands of data brokers without their consent. And there's not much parents can do, experts say. There's no easy way even for a fairly savvy user to figure out whether an app is...

New Mexico sues mobile app makers over kid privacy concerns

Sep 20, 2018

ALBUQUERQUE, N.M. — New Mexico is suing Google, Twitter and other companies that develop and market mobile gaming apps for children, saying the apps violate state and federal laws by collecting personal information that could compromise privacy. The lawsuit filed in federal court late Tuesday comes as data-sharing concerns persist among users. Social media giant Facebook just weeks ago pulled one of its own apps over possible privacy intrusions and a recent Associated Press investigation revealed that several Google apps and websites store user location even if users have turned off location history. New Mexico Attorney General Hector Balderas said...

Key details from hacking complaint against North Korean

Sep 20, 2018

LOS ANGELES — U.S. officials have charged a North Korean computer programmer in connection with high-profile cyberattacks, including the Sony Pictures Entertainment hack and the WannaCry ransomware virus that affected hundreds of thousands of computers worldwide. Here are key allegations from the complaint filed against Park Jin Hyok, who the FBI says is a part of a North Korean government-sponsored hacking group: — In the 2014 attack on Sony, the hackers gained access to the movie company's network by sending malicious computer software to employees, allowing them to steal confidential data and post yet-to-be-released movies online for public download. The...

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