Australia Medical Equipment Rental Market Size & Outlook
The medical equipment rental market in Australia is expected to reach a projected revenue of US$ 2.7 billion by 2030. A compound annual growth rate of 7.7% is expected of Australia medical equipment rental market from 2024 to 2030.
Revenue, 2023 (US$B)
$1.6
Forecast, 2030 (US$B)
$2.7
CAGR, 2024 - 2030
7.7%
Report Coverage
Australia
Australia Medical Equipment Rental Market, 2018-2030 (US$B)
Global Market
Related Markets
Australia medical equipment rental market highlights
- The Australia medical equipment rental market generated a revenue of USD 1.6 billion in 2023 and is expected to reach USD 2.7 billion by 2030.
- The Australia market is expected to grow at a CAGR of 7.7% 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.
Medical equipment rental market data book summary
| Market revenue in 2023 | USD 1.6 billion |
| Market revenue in 2030 | USD 2.7 billion |
| Growth rate | 7.7% (CAGR from 2024 to 2030) |
| Largest segment | Durable medical equipment |
| Fastest growing segment | Surgical Equipment |
| Historical data | 2018 - 2022 |
| Base year | 2023 |
| Forecast period | 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, Australia accounted for 2.8% of the global medical equipment rental market in 2023.
- Country-wise, U.S. is expected to lead the global market in terms of revenue in 2030.
- In Asia Pacific, China medical equipment rental market is projected to lead the regional market in terms of revenue in 2030.
- China is the fastest growing regional market in Asia Pacific and is projected to reach USD 5.1 billion by 2030.
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Publish Date: Jan 17, 2025
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Medical Equipment Rental Market
Medical equipment rental market segmentation & scope
Medical Equipment Rental Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|---|---|---|---|
| GE HealthCare Technologies Inc Common Stock | View profile | 51,000 | 500 West Monroe Street, Chicago, IL, United States, 60661 | www.gehealthcare.com |
| Stryker Corp | View profile | 52,000 | 1941 Stryker Way, Portage, MI, United States, 49002 | www.stryker.com |
| Universal Health Services Inc Class B | View profile | 96,700 | 367 South Gulph Road, Universal Corporate Center, P.O. Box 61558, King Of Prussia, PA, United States, 19406-0958 | www.uhs.com |
| Hill-Rom | View profile | 10001+ | Chicago, Illinois, United States, North America | www.hillrom.com/ |
| Nunn’s Home Medical Equipment | View profile | 101-250 | Rome, New York, United States, North America | www.nunnshme.com |
| Woodley Equipment Company | View profile | 101-250 | Bolton, Bolton, United Kingdom, Europe | www.woodleyequipment.com |
| Avante Animal Health | View profile | 51-100 | Louisville, Kentucky, United States, North America | avantevet.com |
| Blackstone Inc | View profile | 4,735 | 345 Park Avenue, New York, NY, United States, 10154 | www.blackstone.com |
| Siemens Financial Services | View profile | 1001-5000 | Munich, Bayern, Germany, Europe | finance.siemens.com/financialservices/global/en/pages/home.aspx |
| Centric Health Corp. | View profile | 501-1000 | Toronto, Ontario, Canada, North America | www.centrichealth.ca/ |
Australia medical equipment rental market
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 Outlook will help companies and investors design strategic landscapes.
Durable Medical Equipment was the largest segment with a revenue share of 50.0% in 2023.
Horizon Databook has segmented the Australia 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.
- Australia Medical Equipment Rental Market Product Outlook (Revenue, USD Billion , 2018-2030)
- Surgical Equipment
- Durable Medical Equipment
- Storage and Transport
- Australia Medical Equipment Rental Market End Use Outlook (Revenue, USD Billion , 2018-2030)
- Personal/Home care
- Institutes and laboratories
- Hospitals
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Target buyers of medical equipment rental market databook
- Our clientele includes a mix of medical equipment rental market companies, investment firms, advisory firms & academic institutions.
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Horizon Databook provides a detailed overview of country-level data and insights on the Australia medical equipment rental market, including forecasts for subscribers. This country databook contains high-level insights into Australia medical equipment rental market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
Australia Medical Equipment Rental Market, 2018-2030 (US$B)
Australia medical equipment rental market statistics, by product, 2018-2030 (USD Billion)
