Asia Pacific Medical Equipment Rental Market Size & Outlook
Asia Pacific medical equipment rental market, 2018-2030 (US$M)
Asia Pacific medical equipment rental market highlights
- The Asia Pacific medical equipment rental market generated a revenue of USD 12,411.9 million in 2023.
- The market is expected to grow at a CAGR of 6.7% from 2024 to 2030.
- In terms of segment, personal/home care was the largest revenue generating end use in 2023.
- Personal/Home care is the most lucrative end use segment registering the fastest growth during the forecast period.
Asia Pacific data book summary
| Market revenue in 2023 | USD 12,411.9 million |
| Market revenue in 2030 | USD 19,502.3 million |
| Growth rate | 6.7% (CAGR from 2023 to 2030) |
| Largest segment | Personal/home care |
| Fastest growing segment | Personal/Home care |
| Historical data covered | 2018 - 2022 |
| Base year for estimation | 2023 |
| Forecast period covered | 2024 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Personal/Home care |
| Key market players worldwide | Universal Health Services Inc Class B, Woodley Equipment Company, Nunn’s Home Medical Equipment, Siemens Financial Services, Stryker Corp, Hill-Rom, Blackstone Inc, Avante Animal Health, GE HealthCare Technologies Inc Common Stock, Centric Health Corp. |
Other key industry trends
- In terms of revenue, Asia Pacific region accounted for 21.5% of the global medical equipment rental market in 2023.
- Globally, North America is projected to lead the regional market in terms of revenue in 2030.
- Asia Pacific is the fastest growing regional market and is projected to reach USD 19,502.3 million by 2030.
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Medical Equipment Rental Market Scope
Medical Equipment Rental Market Companies
| Name | Profile | # Employees | HQ | Website |
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Asia Pacific medical equipment rental market outlook
The databook is designed to serve as a comprehensive guide to navigating this sector. The databook focuses on market statistics denoted in the form of revenue and y-o-y growth and CAGR across the globe and regions. A detailed competitive and opportunity analyses related to medical equipment rental market will help companies and investors design strategic landscapes.
Personal/home care was the largest segment with a revenue share of 100% in 2023. Horizon Databook has segmented the Asia Pacific medical equipment rental market based on personal/home care covering the revenue growth of each sub-segment from 2018 to 2030.
Asia Pacific accounted for USD 9 billion in 2016 in global medical equipment rental market. This region is expected to exhibit lucrative growth during the forecast period owing to various factors such as large geriatric population coupled with the need for cost optimization.
The presence of manufacturers in countries, such as China and India, which offer medical devices at considerably less price as compared to major international market players, is expected to have a negative impact on medical equipment rental market.
As equipment can be manufactured at a low cost in this region, market players are entering this market to leverage this cost advantage. This not only improves adoption and distribution but also market penetration of new technologically advanced medical equipment.
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Target buyers of Asia Pacific medical equipment rental market databook
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Our clientele includes a mix of medical equipment rental market companies, investment firms, advisory firms & academic institutions.
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30% of our revenue is generated working with investment firms and helping them identify viable opportunity areas.
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Approximately 65% of our revenue is generated working with competitive intelligence & market intelligence teams of market participants (manufacturers, service providers, etc.).
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The rest of the revenue is generated working with academic and research not-for-profit institutes. We do our bit of pro-bono by working with these institutions at subsidized rates.
Horizon Databook provides a detailed overview of continent-level data and insights on the Asia Pacific medical equipment rental market , including forecasts for subscribers. This continent databook contains high-level insights into Asia Pacific medical equipment rental market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Asia Pacific medical equipment rental market
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