Rental of medical equipment has become an attractive alternative for healthcare providers to access high-quality and cutting-edge equipment without large capital investments. Medical equipment such as ventilators, crutches, wheelchairs, beds, infusion pumps and monitors help in early detection, prevention and treatment of various ailments. This has improved patient care standards across hospitals and clinics. The medical equipment rental market provides flexibility to the healthcare industry while reducing equipment operation and maintenance costs. Growing healthcare expenditure coupled with development of healthcare infrastructure in emerging economies is expected to drive the demand for rented medical equipment.

The global medical equipment rental market is estimated to be valued at US$ 56.68 Mn in 2024 and is expected to exhibit a CAGR of 6.7% over the forecast period 2024 to 2031.

Key Takeaways

Key players operating in the medical equipment rental market are Akzo Nobel N.V., Axalta Coating Systems, BASF Coatings, Beckers Group, Berger Paints India Limited, Chugoku Marine Paints, Ltd., Hempel A/S, Jotun, Kansai Paint Co., Ltd., KCC Corporation, NIPSEA Group, PPG Industries, Inc., Teknos Group, The Chemours Company, and The Sherwin-Williams Company. Akzo Nobel N.V. has a strong presence in the medical equipment rental market with cost-effective and technologically advanced products.

Growing preference for non-invasive diagnostic and treatment procedures among patients is boosting the demand for high-tech Medical Equipment Rent Market Share. This has prompted hospitals to opt for rental models to meet the rising equipment demand in a cost-effective manner.

Technological advancements are enabling miniaturization and development of portable medical devices with enhanced functionality. This is positively influencing the adoption of rental models as hospitals can gain access to latest equipment without incurring substantial investment costs.

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