North America Medical Equipment Rental Market Size & Outlook
Related Markets
North America medical equipment rental market highlights
- The North America medical equipment rental market generated a revenue of USD 18.5 billion in 2023.
- The market is expected to grow at a CAGR of 5.8% from 2024 to 2030.
- In terms of segment, durable medical equipment was the largest revenue generating product in 2023.
- Surgical Equipment is the most lucrative product segment registering the fastest growth during the forecast period.
- Country-wise, Canada is expected to register the highest CAGR from 2024 to 2030.
North America data book summary
| Market revenue in 2023 | USD 18.5 billion |
| Market revenue in 2030 | USD 27.1 billion |
| Growth rate | 5.8% (CAGR from 2024 to 2030) |
| Largest segment | Durable medical equipment |
| Fastest growing segment | Surgical Equipment |
| Historical data covered | 2018 - 2022 |
| Base year for estimation | 2023 |
| Forecast period covered | 2024 - 2030 |
| Quantitative units | Revenue in USD billion |
| Market segmentation | Surgical Equipment, Durable Medical Equipment, Storage and Transport |
| 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, North America region accounted for 31.9% 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 19.8 billion by 2030.
No credit card required*
Horizon in a snapshot
- 30K+ Global Market Reports
- 120K+ Country Reports
- 1.2M+ Market Statistics
- 200K+ Company Profiles
- Industry insights and more
Medical Equipment Rental Market Scope
Medical Equipment Rental Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|---|---|---|---|
| Centric Health Corp. | View profile | 501-1000 | Toronto, Ontario, Canada, North America | http://www.centrichealth.ca/ |
| Siemens Financial Services | View profile | 1001-5000 | Munich, Bayern, Germany, Europe | http://finance.siemens.com/financialservices/global/en/pages/home.aspx |
| Blackstone Inc | View profile | 4735 | 345 Park Avenue, New York, NY, United States, 10154 | https://www.blackstone.com |
| Avante Animal Health | View profile | 51-100 | Louisville, Kentucky, United States, North America | https://avantevet.com |
| Woodley Equipment Company | View profile | 101-250 | Bolton, Bolton, United Kingdom, Europe | http://www.woodleyequipment.com |
| Nunn’s Home Medical Equipment | View profile | 101-250 | Rome, New York, United States, North America | https://www.nunnshme.com |
| Hill-Rom | View profile | 10001+ | Chicago, Illinois, United States, North America | https://www.hillrom.com/ |
| Universal Health Services Inc Class B | View profile | 96700 | 367 South Gulph Road, Universal Corporate Center, P.O. Box 61558, King Of Prussia, PA, United States, 19406-0958 | https://www.uhs.com |
| Stryker Corp | View profile | 52000 | 1941 Stryker Way, Portage, MI, United States, 49002 | https://www.stryker.com |
| GE HealthCare Technologies Inc Common Stock | View profile | 51000 | 500 West Monroe Street, Chicago, IL, United States, 60661 | https://www.gehealthcare.com |
North America 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.
Durable medical equipment was the largest segment with a revenue share of 58.92% in 2023. Horizon Databook has segmented the North America medical equipment rental market based on surgical equipment, durable medical equipment, storage and transport covering the revenue growth of each sub-segment from 2018 to 2030.
North America held the largest share of medical equipment rental market in 2017. Increasing R&D and rapid technological advancements are among factors boosting the demand for advanced equipment, thereby fueling market growth.
There are issues of excess expenditure on purchase of latest medical equipment in the region, which can be addressed by leasing of these equipment. On the other hand, inclusion of some of the homecare devices in Medicare coverage is expected to impede the market growth in the region.
Reasons to subscribe to North America medical equipment rental market databook:
-
Access to comprehensive data: Horizon Databook provides over 1 million market statistics and 20,000+ reports, offering extensive coverage across various industries and regions.
-
Informed decision making: Subscribers gain insights into market trends, customer preferences, and competitor strategies, empowering informed business decisions.
-
Cost-Effective solution: It's recognized as the world's most cost-effective market research database, offering high ROI through its vast repository of data and reports.
-
Customizable reports: Tailored reports and analytics allow companies to drill down into specific markets, demographics, or product segments, adapting to unique business needs.
-
Strategic advantage: By staying updated with the latest market intelligence, companies can stay ahead of competitors, anticipate industry shifts, and capitalize on emerging opportunities.
Target buyers of North America medical equipment rental market databook
-
Our clientele includes a mix of medical equipment rental market companies, investment firms, advisory firms & academic institutions.
-
30% of our revenue is generated working with investment firms and helping them identify viable opportunity areas.
-
Approximately 65% of our revenue is generated working with competitive intelligence & market intelligence teams of market participants (manufacturers, service providers, etc.).
-
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 North America medical equipment rental market , including forecasts for subscribers. This continent databook contains high-level insights into North America medical equipment rental market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
Partial client list
North America medical equipment rental market size, by country, 2018-2030 (US$B)
North America Medical Equipment Rental Market Outlook Share, 2023 & 2030 (US$B)
Related industry reports
Related statistics
Sign up - it's easy, and free!
Sign up and get instant basic access to databook, upgrade
when ready, or enjoy our
free plan indefinitely.
Included in Horizon account
- 30K+ Global Market Reports
- 120K+ Country Reports
- 1.2M+ Market Statistics
- 200K+ Company Profiles
- Industry insights and more
