Medical Equipment Rental Market Size, Share, Growth, and Industry Analysis, By Type (Surgical Equipment, Durable Medical Equipment, Storage and Transport), By Application (Personal/Home Care, Institutional, Hospitals), and Regional Insights and Forecast to 2033

MEDICAL EQUIPMENT RENTAL MARKET OVERVIEW

The global medical equipment rental market size, valued at USD XX billion in 2025, is expected to climb to USD XX billion by 2033 at a CAGR of XX% during the forecast period.

Many people are turning to Medical Equipment Rental because it is now easier and more economical to access the range of devices and equipment required for health care. Choosing to rent equipment allows you to get what you need at a lower initial charge, access up-to-date gadgets and expand your inventory based on your health center’s activity.

People are increasingly using home healthcare equipment rentals, enjoying rentals arranged online and concentrating on ensuring safety as well as the upkeep of the equipment. The market addresses the needs of hospitals, clinics, nursing homes, home healthcare agencies and patients receiving medical care at home. Among the main participants are companies that only rent out medical equipment and manufacturers that rent some of their devices as well.

COVID-19 IMPACT: A SURGE IN DEMAND FOR THE MEDICAL EQUIPMENT RENTAL MARKET

"Medical Equipment Rental Industry Had a Negative Effect Due to supply chain disruption during COVID-19 Pandemic"

The global COVID-19 pandemic has been unprecedented and staggering, with the market experiencing higher-than-anticipated demand across all regions compared to pre-pandemic levels. The sudden market growth reflected by the rise in CAGR is attributable to the market’s growth and demand returning to pre-pandemic levels.

The demand for medical equipment rose sharply in the Medical Equipment Rental market because of the COVID-19 pandemic. As hospitals received an influx of COVID-19 patients, they turned to rental services to get critical care equipment such as ventilators, patient monitors and infusion pumps. They thus could upgrade their capabilities without spending a lot of money and being bound to new equipment long term. Because many patients were receiving home healthcare during the pandemic, there was more interest in rental of durable medical equipment (DME) for them. Even though there were some temporary challenges in the medical device industry, the increasing demand for care led to a major increase in renting medical equipment.

LATEST TREND

"Platforms, technology and services are shaping how the medical equipment rental market works."

Many important trends are currently shaping the Medical Equipment Rental industry. Online and digital technologies are making equipment rentals simpler and easier for customers. Accessibility is boosted and everything is simpler ever since these user-friendly websites came. More people are now looking to rent advanced and interconnected medical devices. The increased importance of digital health and connected care has led healthcare providers to focus on equipment with advanced monitoring, hassle-free integration with other devices and remote control features. In addition, legitimate rental companies are offering comprehensive packages for service and regular maintenance. These firms are starting to offer services that ensure their clients’ equipment is always well-maintained, safe and works as it is supposed to, so their clients feel more confident and get extra value from renting with them. Nowadays, services are being offered in the market that supply specialized medical equipment for different kinds of healthcare needs.

MEDICAL EQUIPMENT RENTAL MARKET SEGMENTATION

By Type

Based on Type, the global market can be categorized into Surgical Equipment, Durable Medical Equipment, Storage and Transport

• Surgical Equipment: This segment involves different devices used in surgery, including endoscopes, surgical lasers, electrosurgical units and operating tables. Many hospitals and surgical centers decide to rent surgical devices for certain surgeries or to keep costs under control.

• Durable Medical Equipment: Durable Medical Equipment (DME) includes various products used to provide long-term care for patients at home. Examples of medical equipment are wheelchairs, walkers, oxygen concentrators, CPAP machines, hospital beds and patient lifts.

• Storage and Transport: Here are instruments that assist in storing and transporting medical supplies, pharmaceuticals and patient samples. Examples are medical refrigerators, transport carts and specialized items to store medical products.

By Application

Based on application, the global market can be categorized into Personal/Home Care, Institutional, Hospitals

• Personal/Home Care: This part of the industry focuses on providing home-based medical equipment for individuals to borrow. People may require instruments such as wheelchairs, oxygen systems, hospital beds and medical equipment due to long-lasting conditions, recovery from an operation or advancing age.

• Institutional: In institutional cases, nursing homes, rehabilitation centers, long-term care facilities and hospices use rental equipment for their patients. These centers generally need numerous pieces of equipment to help meet the different needs of their residents.

• Hospitals: Specialty clinics and acute care hospitals: This category covers place where clinics and hospitals rent equipment for short-term uses, specialized surgeries, to deal with high-demand sessions or to evaluate new products. Examples of specialized equipment are surgical equipment, imaging devices and vital care equipment.

MARKET DYNAMICS

Market dynamics include driving and restraining factors, opportunities and challenges stating the market conditions.

Driving Factors

"Rising Chronic Disease and Aging Population to Drive the Market"

The increase in the population of aged people and the increase in the incidence rates of chronic diseases require greater availability of medical equipment for treatment and management. Rental is an economical way to address these long-term care requirements without the costs associated with ownership. This demographic transition and the rising prevalence of chronic conditions are key drivers for the medical equipment rental industry.

"Cost Containment Pressures in Healthcare to Broaden the Market"

Healthcare systems globally have tremendous pressure to cut costs without affecting quality of care. Rental of medical equipment provides a cost-effective substitute for buying, especially for equipment used in a certain duration or occasionally. This cost saving makes the renting of such equipment an attractive choice for hospitals, clinics, and individual patients looking to curb healthcare costs efficiently.

Restraining Factor

"Strict Regulations and Safety Procedures to Potentially Hinder Market Growth"

The medical equipment business is conducted under strict regulatory schemes aimed at maintaining patient safety and ensuring the effectiveness of medical devices. Compliance with these regulations, such as strict maintenance procedures, exacting calibration schedules, and proper sterilization processes for reusable devices, can be costly and complicated for rental businesses. Scaling this complex regulatory environment and maintaining uniform compliance can potentially constrain market expansion or raise the operational expense, which may be transferred to the customers.

Opportunity

"Technological Innovation and the Need for New, Upgraded Equipment to Drive Opportunity"

The medical technology space is dominated by quick technological innovation, with new, more sophisticated and feature-laden medical equipment being introduced more frequently than ever before. Renting enables healthcare providers to gain access to these new technologies without the considerable up-front capital outlay and risk of obsolescence involved in buying. This creates a steady demand for rental operators to provide current equipment, giving them an important market opportunity.

Challenge

"Logistical Challenges and Equipment Maintenance as Possible Issues"

Managing a heterogeneous stock of medical equipment, spread out commonly over a vast geographical distance, poses extreme logistical challenges to rental firms. Providing timely delivery, correct installation, and quick recovery of equipment, as well as keeping it in top working condition through periodic service and instant repairs, necessitates advanced logistical infrastructure and technical expertise. Such complexities can affect operational effectiveness and profitability if not controlled well.

• 

   Request a Free Sample To Get Analysis on Major Geographic Market

MEDICAL EQUIPMENT RENTAL MARKET REGIONAL INSIGHTS

North America

United States Medical Equipment Rental Market in North America is also defined by a highly competitive market with several national and regional players that provide extensive equipment and service offerings. The market is also experiencing an increasing trend towards online rental platforms and value-added services such as equipment maintenance and training. The growing emphasis on home care and the presence of insurance benefits for renting durable medical equipment also remain key drivers of market strength.

Europe

Europe's large medical equipment rental market share is facilitated by clearly defined healthcare policies and reimbursement systems that tend to favor rentals, particularly for durable medical equipment utilized in long-term care. The quality standards and patient safety focus of the region require rental firms to stick to stringent maintenance and regulatory requirements. Additionally, the growing adoption of telemedicine and remote patient monitoring is spurring demand for certain kinds of rented medical devices for home use.

Asia

Asia Pacific's growth in the Medical Equipment Rental market is driven by growing healthcare awareness and enhanced access to healthcare services in much of its developing economies. The increasing burden of chronic disease and improving affordability of healthcare is making it possible for more people and healthcare institutions to adopt rental options. Also, the growth of the private healthcare industry and growing uptake of Western medical procedures are further enhancing demand for a large variety of rented medical equipment throughout the region.

KEY INDUSTRY PLAYERS

"Leading Medical Equipment Rental Companies Are Helping Advance New Technologies and Increase the Industry’s Boundaries"

Major companies in the Medical Equipment Rental market are influencing it by increasing their offerings, advanced technology in their rental management and serving customers in new areas. The organizations are consistently upgrading their technology, improving their fleet organization and delivery and connecting with different healthcare professionals and patients. Special focus is placed on offering a full range of services and repairs, simple-to-use internet rentals and targeted medical supplies for several situations. Putting importance on equipment access, dependability and customer satisfaction is helping these organizations expand and set new standards in rental of medical equipment.

List Of Top Medical Equipment Rental Companies

• Westside Medical Supply (U.S.)
• Hill-Rom Holdings, Inc. (U.S.)
• Meridian Leasing (U.S.)
• Agiliti Inc. (U.S.)
• GE Industrial Finance (India)
• Healthvista India Private Limited (India)
• Nunn?s Home Medical Equipment (U.S.)
• DLL Group (Netherlands)
• Daray (UK)
• China Huarong Financial Leasing Co., Ltd. (China)
• Siemens Financial Services, Inc. (U.S.)
• MediCapital Rent (Netherlands)
• Carequip (Australia)
• IBJ Leasing Company, Limited (Tokyo)
• Woodley Equipment Company Ltd. (U.S.)

KEY INDUSTRY DEVELOPMENT

October 2023: A significant shift took place when companies in the Medical Equipment Rental industry added IoT technologies to their rentals to enable them to be monitored remotely and managed through predictions. Nowadays, leading rental companies attach sensors and enable connectivity to their devices, making it possible to trace where and how the equipment is being used. By doing this, they gained remote diagnostics, maintained machines according to use and better managed their stock. For instance, by regularly monitoring equipment, rental companies could maintain and repair it before it fails and makes healthcare providers pause their services, letting doctors avoid risks to patients. It indicates that the transportation sector is managing rental fleets with data and ensuring higher reliability.

REPORT COVERAGE

The research includes an extensive SWOT analysis and offers insights into future trends within the market. It analyzes different factors leading to the growth of the market and examines a broad market spectrum (by type of equipment and application) and possible developments which can affect its course of action in the next few years. The study considers both ongoing trends and past turning points, giving an overall picture of the segments of the market and projecting possible areas of expansion.

In mid-May 2025, the Medical Equipment Rental market is growing at a tremendous rate due to various factors like an aging population in the world, rising incidence of chronic diseases, and growing focus on healthcare cost containment. The study takes into account trends such as the growing use of online rental platforms, rising demand for technologically sophisticated medical equipment for rent, and the emerging need for full-service and maintenance solutions. Major industry players are looking to build a wider range of equipment under their portfolios, boost their logistics capabilities, and utilize digital technologies for enhancing service delivery. In the face of issues like tight regulations and complexities in equipment maintenance, the market is set to still grow driven by the underlying need for cost-effective and accessible medical equipment in various healthcare environments. Emerging trends point towards further IoT integration for remote monitoring, the advancement of more specialized rental options, and greater emphasis on sustainability in equipment management.