Innovations in Durable Medical Equipment Rental | Enhancing Patient Care and Mobility

According to Future Market Insights' recently released Durable Medical Equipment Rental Market Analysis report, revenue from the Durable Medical Equipment Rental Market in 2023 is anticipated to reach US$ 27 billion and US$ 47 billion by 2033, with a CAGR of 5.7% from 2023 to 2033. Hospitals are expected to generate the most revenue, with a CAGR of more than 5.7% from 2023 to 2033.

Healthcare organisations are currently working in a volatile environment, undergoing seismic shifts as a result of new medical therapies and increased internet usage. As a result, astute patients have become more circumspect, and unparalleled online access to large amounts of information has expanded. As a result, there is an increased demand for intelligent, cost-effective, and personalised healthcare services. COVID-19 has also improved demand for healthcare and related products and services, hence improving total healthcare business performance. This has produced ideal conditions for the renting of long-lasting medical equipment.

Despite anticipated and exponential growth, healthcare providers are still struggling to find a long-term financing solution to invest in cutting-edge technology and equipment to meet the demands of an increasingly demanding client base. Renting medical equipment could be the next big thing in the global healthcare industry, providing cost-effective and affordable alternatives in tough economic times.

The industry's expansion is expected to be hampered by a lack of uniform regulatory criteria for medical equipment rental services, as well as high pricing. Furthermore, few medical gadgets come with insurance, which will impede the growth of the worldwide medical equipment rental market.

North America will lead the market in 2022. This is due to the country's robust healthcare system and government funding for privately run hospitals, clinics, and diagnostic centres.

Competitive Analysis

Some of the key players operating in the medical equipment rental market include Hill-Rom Holdings Inc., Stryker Corporation, Getinge AB, Siemens Financial Services Inc, Nunn’s Home Medical Equipment, Westside Medical Supply, Universal Hospital Services, Inc., Woodley Equipment Company Ltd., GE Healthcare, C.N.Y. Medical Products Inc., All American Medical Supply Corp., and Homepro Medical Supplies, LLC.

Get More Insights@ https://www.futuremarketinsights.com/reports/durable-medical-equipment-rental-market

Market Segments Covered in Durable Medical Equipment Rental Market Analysis

By Application:

  • Personal Mobility Devices
  • Bathroom Safety and Medical Furniture
  • Monitoring and Therapeutic Devices

By End Use:

  • Personal/Homecare
  • Institutes and laboratories
  • Hospitals

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