Renting
medical equipment is a growing trend in the present-day landscape of
the healthcare industry. Several medical equipment rental companies
in the market are offering refurbished devices for consumers, who
demand newer versions of existing equipment at a more affordable
cost. Hence, the global medical equipment rental market is
anticipated to remain a viable and suitable option for most consumers
in the foreseeable future.
Medical
equipment comprises a group of several instruments. These instruments
are used during surgical procedures or for patient care. High-end and
novel medical equipment is needed only for specific situations or for
routine periodic assistance, which is why renting these instruments
has become the preferred mode for several medical institutions and
practitioners. The global medical equipment rental market is broadly
segmented by device type, geography, and end user.
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full
Life
Science Microscopy Devices Market Report
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The
report on the global medical equipment rental market provides a
detailed explanation of the competitive landscape keeping in focus
key market players and their regional presence. The business
strategies of these companies have been covered in the research study
along with their product portfolio and an elaboration upon each
product. Additionally, the report also provides recent developments
of these companies and their impact on the market. A mix of primary
and secondary research has been used to deliver valuable market
estimates and forecasts in the report.
Overview
of the Global Medical Equipment Rental Market
Growing
costs of medical and pharmaceutical equipment and its direct impact
on the bills have led to patients opting for more affordable options.
Moreover, growth in the diabetic and geriatric populations has
resulted in increasing demand for rental medical equipment. The
resultant high cost savings and safeguard against technological
obsolescence is expected to fuel the global medical equipment rental
market.
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the full Press Release:
The
global medical equipment rental market was recorded at US$33,417.4
million in 2013 and, at a CAGR of 5.8% during the forecast period of
2014 to 2020, will reach a value of US$49,112.8 million by 2020.
According to device type, the global medical equipment rental market
is segmented into home/personal care equipment, surgical equipment,
electronic/digital equipment, durable medical equipment, and storage
and transport equipment. Durable medical equipment is currently the
leading sector in the market and is expected to grow at a 6% CAGR
during the forecast period. By end user, the global medical equipment
rental market is divided into institutional medical equipment rental
and personal/home care medical equipment rental. Personal/home care
medical equipment rental is presently the leading sector and is
anticipated to grow at a CAGR of 5% during the forecasting horizon.
Geographically,
the global medical equipment rental market is classified into Asia
Pacific, Rest of the World (RoW), North America, and Europe. Europe
dominated the global medical equipment rental market with a 30% share
in 2013. On the other hand, Asia Pacific is projected to show the
fastest CAGR of 6% during the forecast period.
Though
the global medical equipment rental market is expected to grow
steadily, the lack of appropriate regulatory framework and poor
pricing flexibility is expected to hamper growth of this market.
Companies
mentioned in the research report
The
global medical equipment rental market is highly fragmented in nature
due to the presence of numerous significant device manufactures.
These manufactures are generally small and medium enterprises (SME).
The key companies operating in this market are Hill-Rom Holdings,
Woodley Equipment Company, US Med-Equip, Centric Health, and Apria
Healthcare.
Major
geographies analyzed under this research report are:
Europe
North
America
Asia-Pacific
Rest
of the World
This
report gives you access to decisive data such as:
Market
growth drivers
Factors
limiting market growth
Current
market trends
Market
structure
Market
projections for the coming years
Key
highlights of this report
Overview
of key market forces propelling and restraining market growth
Up-to-date
analyses of market trends and technological improvements
Pin-point
analyses of market competition dynamics to offer you a competitive
edge
An
analysis of strategies of major competitors
An
array of graphics and SWOT analysis of major industry segments
Detailed
analyses of industry trends
A
well-defined technological growth map with an impact-analysis
Offers
a clear understanding of the competitive landscape and key product
segments
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Contact
Mr.
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