The global durable medical equipment rental market size was valued at USD 35.7 billion in 2023, driven by the increasing awareness about such services among people across the globe. The market size is anticipated to grow at a CAGR of 5.2% during the forecast period of 2024-2032 to achieve a value of USD 56.2 billion by 2032.
Durable medical equipment rental (DME) is used to cure individuals with various medical conditions. It helps a patient perform daily tasks such as wheelchairs, walkers, neck braces, post-surgery protective eyewear, power scooters, and a host of other things. Continuous positive airway pressure (CPAP) machines that help patients in breathing with ease also belong to the category. DMEs are reusable and are suitable for use at home too. These durable medical equipment rentals are services that provide medical equipment to healthcare facilities, organizations, and individuals only on a rental basis or lease-based agreement. The fulfillment of short-term/long-term needs or requirements of individuals or healthcare facilities is the key purpose of such services.
The market growth is driven by the rising awareness of rental services that help the consumer save a good amount of money on a piece of medical equipment that is required only for a short time span or temporary basis. Companies that manufacture medical equipment are also showing interest in providing such services to healthcare facilities and individuals along with manufacturing.
The expansion of such services by reliable and established names in the market is a major factor driving the global durable medical equipment rental market demand. For example, NanoVibronix, Inc., a medical device company that utilizes their proprietary and patented low-intensity surface acoustic wave (SAW) technology to develop medical devices, officially launched a monthly rental program for its lead products, PainShield and UroShield in May 2023.
This service would be available to patients with a valid prescription on a monthly basis for at-home usage. The company has claimed this service to be affordable for healthcare facilities as well as individuals which will directly contribute to the increased demand for durable medical equipment rental services in the market, bolstering the market growth.
Market Breakup by Duration
Market Breakup by Application
Market Breakup by End User
Market Breakup by Region
The growth of the market is driven by the increased preference for home care by individuals. The growing awareness about the availability of such a rental market is a major factor contributing to the market growth. Such services provide the convenience for the customers to rent the medical equipment they need rather than having to buy it, which may involve a huge sum of money as medical equipment is expensive and required for a short period of time.
The durable medical equipment rental market growth is driven by the convenience provided by this service because buying the equipment might not be affordable and convenient for everyone. These services are equally opted by hospital facilities to stay updated with technological advancements taking place in the medical field, contributing to the rising market demand.
The key features of the market report include patent analysis, grants analysis, clinical trials analysis, funding and investment analysis, partnerships, and collaborations analysis by the leading key players. The major companies in the market are as follows:
Please note that this only represents a partial list of companies, and the complete list has been provided in the report.
|Scope of the Report
Historical and Forecast Trends, Industry Drivers and Constraints, Historical and Forecast Market Analysis by Segment:
|Breakup by Duration
|Breakup by Application
|Breakup by End User
|Breakup by Region
*At Expert Market Research, we strive to always give you current and accurate information. The numbers depicted in the description are indicative and may differ from the actual numbers in the final EMR report.
1.1 Objectives of the Study
1.2 Key Assumptions
1.3 Report Coverage – Key Segmentation and Scope
1.4 Research Methodology
2 Executive Summary
3 Global Durable Medical Equipment Rental Market Overview
3.1 Global Durable Medical Equipment Rental Market Historical Value (2017-2023)
3.2 Global Durable Medical Equipment Rental Market Forecast Value (2024-2032)
4 Global Durable Medical Equipment Rental Market Landscape
4.1 Global Durable Medical Equipment Rental Developers Landscape
4.1.1 Analysis by Year of Establishment
4.1.2 Analysis by Company Size
4.1.3 Analysis by Region
4.2 Global Durable Medical Equipment Rental Product Landscape
4.2.1 Analysis by Type
4.2.2 Analysis by Technology
4.2.3 Analysis by Application
5 Global Durable Medical Equipment Rental Market Dynamics
5.1 Market Drivers and Constraints
5.2 SWOT Analysis
5.3 Porter’s Five Forces Model
5.4 Key Demand Indicators
5.5 Key Price Indicators
5.6 Industry Events, Initiatives, and Trends
5.7 Value Chain Analysis
6 Global Durable Medical Equipment Rental Market Segmentation
6.1 Global Durable Medical Equipment Rental Market by Duration
6.1.1 Market Overview
6.1.2 Acute Care
6.1.3 Long Term Care
6.1.4 Emergency and Trauma care
6.2 Global Durable Medical Equipment Rental Market by Application
6.2.1 Market Overview
6.2.2 Personal Mobility Devices
6.2.3 Bathroom Safety and Medical Furniture
6.2.4 Monitoring and Therapeutic Devices
6.3 Global Durable Medical Equipment Rental Market by End User
6.3.1 Market Overview
6.3.3 Institute and Laboratories
6.4 Global Durable Medical Equipment Rental Market by Region
6.4.1 Market Overview
6.4.2 North America
6.4.4 Asia Pacific
6.4.5 Latin America
6.4.6 Middle East and Africa
7 North America Durable Medical Equipment Rental Market
7.1 Market Share by Country
7.2 United States of America
8 Europe Durable Medical Equipment Rental Market
8.1 Market Share by Country
8.2 United Kingdom
9 Asia Pacific Durable Medical Equipment Rental Market
9.1 Market Share by Country
10 Latin America Durable Medical Equipment Rental Market
10.1 Market Share by Country
11 Middle East and Africa Durable Medical Equipment Rental Market
11.1 Market Share by Country
11.2 Saudi Arabia
11.3 United Arab Emirates
11.5 South Africa
12 Patent Analysis
12.1 Analysis by Type of Patent
12.2 Analysis by Publication year
12.3 Analysis by Issuing Authority
12.4 Analysis by Patent Age
12.5 Analysis by CPC Analysis
12.6 Analysis by Patent Valuation
12.7 Analysis by Key Players
13 Grants Analysis
13.1 Analysis by year
13.2 Analysis by Amount Awarded
13.3 Analysis by Issuing Authority
13.4 Analysis by Grant Application
13.5 Analysis by Funding Institute
13.6 Analysis by NIH Departments
13.7 Analysis by Recipient Organization
14 Partnership and Collaborations Analysis
14.1 Analysis by Partnership Instances
14.2 Analysis by Type of Partnership
14.3 Analysis by Leading Players
14.4 Analysis by Geography
15 Regulatory Framework
15.1 Regulatory Overview
15.1.1 US FDA
15.1.2 EU EMA
15.1.3 INDIA CDSCO
15.1.4 JAPAN PMDA
16 Supplier Landscape
16.1 Siemens Financial Services, Inc
16.1.1 Financial Analysis
16.1.2 Product Portfolio
16.1.3 Demographic Reach and Achievements
16.1.4 Mergers and Acquisitions
16.2 Woodley Equipment Group
16.2.1 Financial Analysis
16.2.2 Product Portfolio
16.2.3 Demographic Reach and Achievements
16.2.4 Mergers and Acquisitions
16.3 Nunn’s Home Medical Equipment Company Ltd.
16.3.1 Financial Analysis
16.3.2 Product Portfolio
16.3.3 Demographic Reach and Achievements
16.3.4 Mergers and Acquisitions
16.4 Med One Group
16.4.1 Financial Analysis
16.4.2 Financial Portfolio
16.4.3 Demographic Reach and Achievements
16.4.4 Mergers and Acquisitions
16.5 Hill-Rom Holdings Inc.
16.5.1 Financial Analysis
16.5.2 Product Portfolio
16.5.3 Demographic Reach and Achievements
16.5.4 Mergers and Acquisitions
16.6 Westside Medical Supply
16.6.1 Financial Analysis
16.6.2 Product Portfolio
16.6.3 Demographic Reach and Achievements
16.6.4 Mergers and Acquisitions
16.7 GE Healthcare
16.7.1 Financial Analysis
16.7.2 Product Portfolio
16.7.3 Demographic Reach and Achievements
16.7.4 Mergers and Acquisitions
16.8 All American Medical Supply Corp
16.8.1 Financial Analysis
16.8.2 Product Portfolio
16.8.3 Demographic Reach and Achievements
16.8.4 Mergers and Acquisitions
16.9 Homepro Medical Supplies, LLC
16.9.1 Financial Analysis
16.9.2 Product Portfolio
16.9.3 Demographic Reach and Achievements
16.9.4 Mergers and Acquisitions
16.10 Universal Hospital Services, Inc
16.10.1 Financial Analysis
16.10.2 Product Portfolio
16.10.3 Demographic Reach and Achievements
16.10.4 Mergers and Acquisitions
16.11 Getinge AB
16.11.1 Financial Analysis
16.11.2 Product Portfolio
16.11.3 Demographic Reach and Achievements
16.11.4 Mergers and Acquisitions
16.12 Permobil AB
16.12.1 Financial Analysis
16.12.2 Product Portfolio
16.12.3 Demographic Reach and Achievements
16.12.4 Mergers and Acquisitions
16.13 Mölnlycke Health Care
16.13.1 Financial Analysis
16.13.2 Product Portfolio
16.13.3 Demographic Reach and Achievements
16.13.4 Mergers and Acquisitions
16.14 Joerns Healthcare LLC
16.14.1 Financial Analysis
16.14.2 Product Portfolio
16.14.3 Demographic Reach and Achievements
16.14.4 Mergers and Acquisitions
16.15.1 Financial Analysis
16.15.2 Product Portfolio
16.15.3 Demographic Reach and Achievements
16.15.4 Mergers and Acquisitions
17 Global Durable Medical Equipment Rental Market - Distribution Model (Additional Insight)
17.2 Potential Distributors
17.3 Key Parameters for Distribution Partner Assessment
18 Key Opinion Leaders (KOL) Insights (Additional Insight)
19 Company Competitiveness Analysis (Additional Insight)
19.1 Very Small Companies
19.2 Small Companies
19.3 Mid-Sized Companies
19.4 Large Companies
19.5 Very Large Companies
20 Payment Methods (Additional Insight)
20.1 Government Funded
20.2 Private Insurance
*Additional insights provided are customisable as per client requirements.
The market attained a value of about USD 35.7 billion in 2023, driven by its cost efficiency.
The market is anticipated to grow at a CAGR of 5.2% during the forecast period of 2024-2032, likely to reach a market value of USD 56.2 billion by 2032.
Rising prevalence of medical conditions and the increasing awareness about such rental services among people is a major factor driving the market growth.
Trustworthy market key players focusing on providing these services at affordable prices to individual and healthcare facilities is a major trend influencing the market growth.
The major regions of the market include North America, Europe, Asia Pacific, Latin America, Middle East and Africa. North America is currently leading the global market.
Types of services include acute care, long-term care, and emergency and trauma care.
These services are available for different durations based on the conditions. It can be categorised into acute care, long term care, emergency, and trauma care.
They find wide applications in personal mobility devices, bathroom safety and medical furniture, monitoring, and therapeutic devices.
The end users in the market include personal/home care, institutes and laboratories, and hospitals, among others.
Key players involved in the market are Siemens Financial Services, Inc., Woodley Equipment Group, Nunn’s Home Medical Equipment Company Ltd., Med One Group, Hill-Rom Holdings Inc., Westside Medical Supply, GE Healthcare, All American Medical Supply Corp, Homepro Medical Supplies, LLC, Universal Hospital Services, Inc, Getinge AB, and Stryker.
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