Medical Equipment Rental in the US - Industry Market Research Report

Remedy for Everything: the Rapid Advent of High-Cost Equipment is Expected to Boost Industry Revenue Growth

Over the five years to 2023, Medical Equipment Rental industry companies have exhibited growth due to the rapid advent of high-cost equipment. As many healthcare providers have struggled with cuts to Medicare and Medicaid reimbursements, they have implemented cost-saving strategies. Some providers have chosen to rent rather than purchase medical equipment to access up-to-date technologies at a lower cost. In addition, rising total health expenditure from the expanding medical needs of an aging US population has increased demand for industry services from both hospitals and home healthcare providers. In all, over the five years to 2023, industry revenue is projected to increase at a CAGR of 1.7% to $4.9 billion, including growth of 0.3% in 2023. Industry profit, measured as earnings before interest and taxes, is expected to account for 16.3% of revenue in 2023. Companies in this industry rent and lease medical equipment to institutional customers. This industry specifically excludes companies that primarily rent and lease medical equipment to home care customers. This report covers the scope, size, disposition and growth of the industry including the key sensitivities and success factors. Also included are five year industry forecasts, growth rates and an analysis of the industry key players and their market shares.