North America Medical Equipment Rental Market Size & Outlook
North America Medical Equipment Rental Market, 2018-2030 (US$B)
Global Market
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.
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.
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Publish Date: Jan 17, 2025
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Medical Equipment Rental Market
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/ |
North America 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 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.
- North America Medical Equipment Rental Market Product Outlook (Revenue, USD Billion , 2018-2030)
- Surgical Equipment
- Durable Medical Equipment
- Storage and Transport
- North America 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.
- 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.).
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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.
North America Medical Equipment Rental Market, 2018-2030 (US$B)
North America medical equipment rental market statistics, by product, 2018-2030 (USD Billion)
