US Medical Equipment Rental Market - Focused Insights 2023-2028

Published Date :  JUL 2023

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Within the U.S. medical equipment rental market lies a diverse array of opportunities and needs. Our report dissects these relevant market segmentations, providing a deep understanding of different stakeholders' unique requirements and preferences.

US MEDICAL EQUIPMENT RENTAL MARKET INSIGHTS

The U.S. medical equipment rental market was valued at USD 7.84 billion in 2022 and is expected to reach USD 8.92 billion by 2028, growing at a CAGR of 2.17%. Medical equipment rental is an agreement by the licensee with the licensor wherein the licensor allows the licensee to utilize the equipment for a particular period in exchange for rental. The equipment can be rented monthly, daily, or weekly. 

The proliferating technological progress in armamentarium and therapeutic devices is set to drive the US medical equipment rental market owing to the surge in preference for medical equipment renting by hospitals and medical professionals rather than purchasing emerging instruments. This report offers market size & forecast data for the medical equipment rental market in the US. The revenue generated from providing rental services for medical equipment and revenue generated from providing rental services for new and used medical equipment is included in the report. Revenue generated by refurbished medical equipment is excluded from the report’s scope. This report provides a comprehensive and current U.S. medical equipment rental market scenario, including the US medical equipment market size, anticipated market forecast, relevant market segmentations, and industry trends. 

The new equipment rental dominates and has the highest U.S. medical equipment rental market share in 2022. This dominance can be attributed to the healthcare sector's continuous scientific and technological progress. There is continuous scientific and technological progress in the healthcare sector. It is necessary to invest in new equipment to maintain a competitive level. Rental service is a great solution to overcome the financial challenges of acquiring new healthcare equipment. 

US MEDICAL EQUIPMENT RENTAL MARKET HIGHLIGHTS:

  • The U.S. medical equipment rental market growth is majorly driven by the rise of chronic diseases, a growing patient population, an increase in the number of diagnostic and surgical procedures, the high cost of healthcare equipment, rapid advances in healthcare, an increasing number of hospitals and diagnostic centers, and others. 
  • The medical imaging equipment product segment accounted for the highest share of over 30% in 2022 of the U.S. medical equipment rental market. The increasing demand for medical imaging equipment is due to raising the imaging & diagnostic procedures, increasing the disease burden, increasing the prevalence of chronic diseases, and rising the geriatric population. However, patient monitoring equipment will likely witness the highest CAGR during the forecast period. 
  • The hospital end-user segment accounted for the highest U.S. medical equipment rental market share. The high share can be attributed to hospitals as they provide end-to-end services ranging from diagnosis and treatment to patient health management, increasing the demand for various healthcare equipment. 
  • Many organizations are engaged in providing medical equipment of the innovative type on a rental basis. Advanced supervision for patients with the help of healthcare professionals through these innovative products will provide lucrative opportunities for the growth of this market in the long run. 
  • Apria Healthcare Inc (Owens & Minor), CareRx, Hill-Rom Holdings Inc, US-Med Equipment Inc, and Walgreen Co. are some of the leading players currently dominating the U.S. medical equipment rental market. The major players focus on strategic acquisitions and collaborations with emerging players to enter the medical equipment rental market and access commercially launched products.  
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Summary

THE FOLLOWING MARKET SEGMENT ANALYSIS IS INCLUDED IN THIS REPORT 

SEGMENTATION & FORECAST 

  • Product Type 
  • Medical Imaging Equipment 
  • Surgical & Therapeutics Equipment 
  • Patient Monitoring Equipment 
  • Laboratory Equipment 
  • Personal Mobility, Storage & Transport Equipment 
  • End-user Type 
  • Hospitals 
  • Radiology/Medical Imaging Centers 
  • Clinics & Physician Offices 
  • Clinical & Research Laboratories 
  • Others 
  • Rental Type 
  • New Equipment Rental 
  • Used Equipment Rental 

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Table Of Contents

  • Executive Summary 
  • Key Findings 


US: Projected Revenue of Medical Equipment Rental Market (2022-2028; $Billions) 


  • US: Projected Revenue by Product type (2022-2028; $Billions) 
  • Medical Imaging Equipment 
  • Surgical & Therapeutic Equipment 
  • Patient Monitoring Equipment 
  • Laboratory Equipment 
  • Personal Mobility, Storage & Transport Equipment 
  • US: Projected Revenue by End-user type (2022-2028; $Billions) 
  • Hospitals 
  • Radiology/Medical Imaging Centers 
  • Clinics & Physician Offices 
  • Clinical & Research Laboratories 
  • Others 
  • US: Projected Revenue by Rental type (2022-2028; $Billions) 
  • New Medical Equipment Rental 
  • Used Medical Equipment Rental 


  • Medical Equipment Rental Market Opportunities & Trends 
  • Medical Equipment Rental Market Drivers 
  • Medical Equipment Rental Market Constraints 



  • Medical Equipment Rental - Competitive Landscape 
  • Medical Equipment Rental – Key Vendor Profiles 
  • Medical Equipment Rental – Other Prominent Vendors 
  • Medical Equipment Rental - Key Strategic Recommendations 




  • Research Methodology 
  • Abbreviations 
  • About Arizton





Exhibit 1: Projected Revenue of Medical Equipment Rental Market in the US (2022 – 2028) 

Exhibit 2: Projected Revenue of Medical Equipment Rental Market by Medical Imaging Equipment (2022 – 2028) 

Exhibit 3: Projected Revenue of Medical Equipment Rental Market by Surgical & Therapeutic Equipment (2022 – 2028) 

Exhibit 4: Projected Revenue of Medical Equipment Rental Market by Patient Monitoring Equipment (2022 – 2028) 

Exhibit 5: Projected Revenue of Medical Equipment Rental Market by Laboratory Equipment (2022 – 2028) 

Exhibit 6: Projected Revenue of Medical Equipment Rental Market by Personal Mobility, Storage & Transport Equipment (2022 – 2028) 

Exhibit 7: Projected Revenue of Medical Equipment Rental Market by Hospitals (2022 – 2028) 

Exhibit 8: Projected Revenue of Medical Equipment Rental Market by Medical Imaging Centers (2022 – 2028) 

Exhibit 9: Projected Revenue of Medical Equipment Rental Market by Clinical & Physician Offices (2022 – 2028) 

Exhibit 10: Projected Revenue of Medical Equipment Rental Market by Clinical & Research Laboratories (2022 – 2028) 

Exhibit 11: Projected Revenue of Medical Equipment Rental Market by Others (2022 – 2028) 

Exhibit 12: Projected Revenue of Medical Equipment Rental Market by New Equipment Rental (2022 – 2028) 

Exhibit 13: Projected Revenue of Medical Equipment Rental Market by Used Equipment Rental (2022 – 2028) 





Table 1: Key Market Trends in Medical Equipment Rental Market 

Table 2: Key Market Enablers in Medical Equipment Rental Market 

Table 3: Key Market Constraints in Medical Equipment Rental Market 

Table 4: Strategic Recommendations in Medical Equipment Rental Market

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Frequently Asked Questions

The U.S. medical equipment rental market size was valued at USD 7.84 billion in 2022, and it is expected to reach USD 8.92 billion by 2028.

The U.S. medical equipment rental market is growing at a Compound Annual Growth Rate (CAGR) of 2.17% during the forecast period.

The growth of the U.S. medical equipment rental market is majorly driven by factors such as the rise of chronic diseases, a growing patient population, an increase in the number of diagnostic and surgical procedures, the high cost of healthcare equipment, and others.

The medical imaging equipment product segment accounted for the highest share of over 30% in the U.S. medical equipment rental market in 2022.

Some leading players dominating the U.S. medical equipment rental market include Apria Healthcare Inc (Owens & Minor), CareRx, Hill-Rom Holdings Inc, US-Med Equipment Inc, and Walgreen Co.

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