Durable Medical Equipment Rental Market is projected to increase at a CAGR of around 5.7% by 2033

 According to Future Market Insights' newly released Durable Medical Equipment Rental Market analysis report, revenue from the Durable Medical Equipment Rental Market in 2022 was valued at US$ 25.7 billion. The market is expected to reach US$ 47 billion by 2033, growing at a 5.7% CAGR between 2023 and 2033. Hospitals are expected to generate the most revenue, growing at a CAGR of more than 5.7% between 2023 and 2033.

To learn more about this report @ https://www.futuremarketinsights.com/reports/durable-medical-equipment-rental-market

Healthcare companies are currently operating in a dynamic environment, facing seismic shifts as a result of the advent of novel medical treatments and rising internet usage. Astute patients have become more cautious as a result of this, as well as unequaled online access to incredible volumes of information. As a result, there is an increased need for smart, economical, and personalized healthcare services. COVID-19 has also resulted in increased demand for healthcare and related products and services, which has boosted the overall performance of the healthcare business. This has created favorable conditions for the rental market of durable medical equipment.

However, the lack of consistent regulatory standards for medical equipment rental services and high costs is expected to stymie industry expansion. Simultaneously, it has been discovered that few medical gadgets come with insurance coverage, which will somehow hinder the growth of the global medical equipment rental industry.

Competitive Analysis:

  • 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.
  • Homepro Medical Supplies, LLC

Some of the recent developments of key Durable Medical Equipment Rental providers are as follows:

  • In June 2020, MedOne Company announced the launch of a new facility in North Carolina. The USA, for the rental and service of medical equipment.
  • In March 2020, Med-Equip announced the acquisition of Martab's equipment management services. The acquisition is being carried out to provide rentals of custom-made gadgets such as home testing kits.

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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