Durable Medical Equipment Rental Market - Global Industry, Analysis, Size, Share, Trends, and Forecasts 2020 - 2030

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Durable Medical Equipment Rental Market - Global Industry, Analysis, Size, Share, Trends, and Forecasts 2020 - 2030

Status : June, 2021 | Medical Devices

Report Digest

Durable Medical Equipment Rental Market: Overview

The increasing demand for home care equipment and facilities and the high cost associated with it are the key factors boosting the growth of the global durable medical equipment rental market. The high cost of healthcare equipment and the need to curb to the overall medical expenses will also add impetus to the overall growth of the global durable medical equipment rental market.

The global durable medical equipment rental market is classified on the basis of application, end-use and regions. Based on classification by application, the market is categorized into monitoring and therapeutic devices, bathroom safety and medical furniture, and personal mobility devices. With respect to categorization by end-use, the market is grouped into hospitals, institutes and laboratories, and personal or homecare.

The report on the global durable medical equipment is based on a thorough analysis of the market and throws light on various growth parameters such as recent innovations and trends. The report also focuses on the table of segmentation and mentions the leading segment with its attributed factors. Additionally, the report lists the names of players functioning in this report and their major contributions to the overall market in terms of recent trends and innovations. The report is available on the company website for sale.

Durable Medical Equipment Rental Market: Company Profile

Players of this market are focusing on expanding their geographical reach and attracting more revenues. Besides this, they are also emphasizing on collaborative agreements and joint ventures to reach for the upper hand in the overall market competition. The presence of a large target population is likely to witness lucrative growth opportunities during the forecast period.

Some of the notable players of the global durable medical equipment rental market include:

  • All American Medical Supply Corp.
  • GE Healthcare
  • Universal Hospital Services Inc.
  • Nunn’s Home Medical Equipment
  • Getinge Ab
  • Stryker Corporation
  • Homepro Medical Supplies LLC
  • C.N.Y. Medical Supply Corp.
  • Woodley Equipment Company Ltd.
  • Westside Medical Supply
  • Hill-Rom Holdings Inc.
  • Siemens Financial Services Inc.
  • Others

Durable Medical Equipment Rental Market: Drivers and Restraints

The increasing geriatric population coupled with their vulnerability to various chronic and acute diseases stands as a key factor augmenting the growth of the global durable medical equipment rental market. Apart from this, the rising need for long-term medical care and personal safety and mobility device is also projected to promote the growth of this market during the forecast period. Rental services are considered more practical and economical as compared to purchasing medical equipment of sky-rocketing costs. The increasing adoption of technological advancements at a rapid rates, coupled with the increasing support from healthcare organizations and increasing disposable incomes of people with their growing willingness to spend on reasonable medical expenses will help this market earn significant revenues in the coming years.

Durable Medical Equipment Rental Market: Regional Analysis

Geographically, the global durable medical equipment market is dominated by North America. This is accountable to the rising geriatric population, coupled with the rising prevalence of lifestyle-related diseases. On the other side, the market in Asia Pacific is likely to witness notable growth in the coming years on account of increasing expansion of the overall medical equipment and healthcare sector especially in the developing nations.

This study provides a particularized anatomy according to the L.E.A.P mechanism

  • Latest trends and cardinal growth prospects
  • Existing and future insights in growth
  • Ascensions in technology
  • Pain points

The regional analysis offers market assays across:

  • North America
  • Asia Pacific
  • Europe
  • Latin America
  • The Middle East and Africa

The study, prepared through the L.E.A.P mechanism adds a dimension of infallibility and assures precise information on all the growth dynamics.

Latest Trends and Cardinal Growth Prospects

The study assists in burnishing the knowledge of the stakeholder in terms of the emerging trends. The study provides an expansive coverage on the latest developments and novel profit-yielding sources that augur well with the market. A dedicated and determined team of experts conduct an out-and-out research on diverse aspects to offer ultimate breakthroughs in the market.

Existing and Future Insights in Growth

The interfusion of ubiquitous primary and secondary research through modern tools invites perfection and accuracy in every aspect. Primary research is circumspectly conducted through exhaustive interactions and interviews of experts. These valuable opinions are then neatly inducted in the report to allow the stakeholder for reaping the benefits. A treasure of secondary data is extracted via famed paid sources, yearly estimates and statements, renowned journals, and government documents. These sources assist in creating a robust database comprising existing and subsequent growth dynamics.

Ascensions in Technology

Diverse technological advancements and cutting-edge innovations in the market have been covered in this study to assist the stakeholder in research and development activities. Recent upgrades have also been added in the study, thus helping the stakeholder to paint the strokes of growth on the canvas of the market.

Pain Points

The study presents a plethora of challenges and obstacles that can hinder the growth of the market to allow the stakeholder to prepare their strategies accordingly.

The world ushered in the new decade with the shadow of the COVID-19 pandemic. The outbreak has damaged the growth prospects of several businesses and has crippled the entire economy. The study is in tandem with the changing dynamics of the market due to the SARS-CoV-2 outbreak. The study focuses on the coronavirus pandemic and analyses every aspect that impacts the growth positively or negatively.

An aerial perspective of the regions covered in this study enables the stakeholder to design strategies accordingly. The 360-degree assessment of every aspect associated with growth offers information on a rainbow of growth opportunities available across the market.

The exhaustive study motivates the stakeholder to take the 'LEAP' of faith and achieve success!

This report is the key to questions such as:

What are the prominent factors that will help in reshaping the market growth?

Which trends have the potential to bring expansive growth for the market?

What are the necessary strategies to overcome the ill-effects of the COVID-19 pandemic?

Which regions will emerge as champion growth contributors for the market?

Which aspects will serve as game-changers for the market?

What are the latest innovations in the market?

Which factors will hinder the growth of the market?