Product Code: ETC13250433 | Publication Date: Apr 2025 | Updated Date: Jul 2025 | Product Type: Market Research Report | |
Publisher: 6Wresearch | Author: Ravi Bhandari | No. of Pages: 190 | No. of Figures: 80 | No. of Tables: 40 |
According to 6Wresearch internal database and industry insights, the Global Durable Medical Equipment Rental Market was valued at USD 3.5 Billion in 2024 and is expected to reach USD 5.9 Billion by 2031, growing at a compound annual growth rate of 6.16% during the forecast period (2025-2031).
The Global Durable Medical Equipment Rental Market is witnessing steady growth due to factors such as rising healthcare costs, increasing elderly population, and the growing prevalence of chronic diseases. Durable medical equipment rental offers a cost-effective solution for patients who require medical devices on a temporary basis, leading to its widespread adoption. Key players in the market are focusing on expanding their rental services to meet the rising demand for equipment such as wheelchairs, hospital beds, and oxygen concentrators. Additionally, the market is benefiting from technological advancements in equipment design and increasing awareness about the benefits of renting over purchasing. With a positive outlook for the healthcare industry and the shift towards value-based care, the Global Durable Medical Equipment Rental Market is expected to continue its growth trajectory in the coming years.
The Global Durable Medical Equipment Rental Market is witnessing significant growth due to increasing healthcare costs and a growing elderly population. Key trends include the rising demand for home healthcare services, technological advancements in medical equipment, and the shift towards value-based care models. Opportunities in the market include the expansion of rental services in emerging markets, partnerships with healthcare providers to offer cost-effective solutions, and the development of innovative rental models such as subscription-based services. Companies are also focusing on offering a wide range of equipment options to cater to different medical needs and preferences, contributing to the market`s overall growth and competitiveness.
The Global Durable Medical Equipment Rental Market faces challenges such as regulatory complexities in different regions, reimbursement issues, and limited awareness among patients and healthcare providers about the benefits of renting medical equipment. Additionally, the high initial investment required to procure advanced equipment for rental services poses a challenge for smaller companies entering the market. Market competition is also intense, with established players offering a wide range of products and services, making it difficult for new entrants to gain a foothold. Furthermore, the need for regular maintenance and quality assurance of rented equipment adds operational challenges for rental companies. Overall, navigating these challenges requires a deep understanding of regulatory frameworks, efficient operational strategies, and innovative marketing approaches to succeed in the competitive landscape of the Durable Medical Equipment Rental Market.
The Global Durable Medical Equipment Rental Market is primarily driven by the increasing prevalence of chronic diseases and disabilities, which has led to a growing demand for medical equipment on a rental basis to reduce healthcare costs for patients. Additionally, the rising geriatric population globally, who often require medical equipment for mobility and daily living assistance, is further propelling market growth. Technological advancements in durable medical equipment, such as lightweight and portable devices with advanced features, are also driving the market as healthcare providers and patients seek more convenient and efficient solutions. Furthermore, the cost-effectiveness of renting durable medical equipment compared to purchasing them outright is a key factor driving the market, especially in emerging economies where affordability and access to healthcare services are significant concerns.
Government policies related to the Global Durable Medical Equipment Rental Market vary by country but generally focus on ensuring quality standards, patient safety, and cost-effectiveness. Many governments regulate the rental of durable medical equipment through licensing requirements, quality control measures, and reimbursement policies. For example, in the United States, Medicare sets guidelines for reimbursement of durable medical equipment rentals to ensure appropriate utilization and prevent fraud. In the European Union, regulations such as the Medical Devices Regulation (MDR) establish standards for the safety and performance of medical equipment, including rental devices. Overall, government policies aim to promote accessibility to essential medical equipment, protect patients from substandard products, and control healthcare costs within the durable medical equipment rental market.
The Global Durable Medical Equipment Rental Market is expected to witness steady growth in the coming years due to factors such as the increasing prevalence of chronic diseases, the aging population, and the rising healthcare costs. The demand for durable medical equipment rentals is likely to surge as healthcare facilities and patients seek cost-effective solutions for short-term medical needs. Additionally, technological advancements in medical equipment and the shift towards home-based care are anticipated to drive market growth. Market players are focusing on expanding their rental fleets, offering innovative rental models, and enhancing customer service to capitalize on the growing demand. Overall, the Global Durable Medical Equipment Rental Market is poised for expansion and is projected to offer lucrative opportunities for market participants in the foreseeable future.
In the global durable medical equipment rental market, Asia is expected to witness significant growth due to the increasing healthcare expenditure and the rising prevalence of chronic diseases. North America is anticipated to dominate the market, driven by the presence of well-established healthcare infrastructure and a high adoption rate of advanced medical technologies. In Europe, the market is projected to experience steady growth owing to the aging population and government initiatives promoting healthcare accessibility. The Middle East and Africa region is likely to witness moderate growth due to improved healthcare infrastructure and rising awareness about the benefits of medical equipment rental. Latin America is expected to show promising growth opportunities with increasing healthcare investments and a growing demand for cost-effective medical solutions.
Global Durable Medical Equipment Rental Market |
1 Executive Summary |
2 Introduction |
2.1 Key Highlights of the Report |
2.2 Report Description |
2.3 Market Scope & Segmentation |
2.4 Research Methodology |
2.5 Assumptions |
3 Global Durable Medical Equipment Rental Market Overview |
3.1 Global Regional Macro Economic Indicators |
3.2 Global Durable Medical Equipment Rental Market Revenues & Volume, 2021 & 2031F |
3.3 Global Durable Medical Equipment Rental Market - Industry Life Cycle |
3.4 Global Durable Medical Equipment Rental Market - Porter's Five Forces |
3.5 Global Durable Medical Equipment Rental Market Revenues & Volume Share, By Regions, 2021 & 2031F |
3.6 Global Durable Medical Equipment Rental Market Revenues & Volume Share, By Application, 2021 & 2031F |
3.7 Global Durable Medical Equipment Rental Market Revenues & Volume Share, By End-use, 2021 & 2031F |
4 Global Durable Medical Equipment Rental Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.3 Market Restraints |
5 Global Durable Medical Equipment Rental Market Trends |
6 Global Durable Medical Equipment Rental Market, 2021 - 2031 |
6.1 Global Durable Medical Equipment Rental Market, Revenues & Volume, By Application, 2021 - 2031 |
6.1.1 Overview & Analysis |
6.1.2 Global Durable Medical Equipment Rental Market, Revenues & Volume, By Personal mobility devices, 2021 - 2031 |
6.1.3 Global Durable Medical Equipment Rental Market, Revenues & Volume, By Bathroom safety and medical furniture, 2021 - 2031 |
6.1.4 Global Durable Medical Equipment Rental Market, Revenues & Volume, By Monitoring and therapeutic devices, 2021 - 2031 |
6.2 Global Durable Medical Equipment Rental Market, Revenues & Volume, By End-use, 2021 - 2031 |
6.2.1 Overview & Analysis |
6.2.2 Global Durable Medical Equipment Rental Market, Revenues & Volume, By Personal/Home care, 2021 - 2031 |
6.2.3 Global Durable Medical Equipment Rental Market, Revenues & Volume, By Institutes and laboratories, 2021 - 2031 |
6.2.4 Global Durable Medical Equipment Rental Market, Revenues & Volume, By Hospitals, 2021 - 2031 |
6.3.1 Overview & Analysis |
7 North America Durable Medical Equipment Rental Market, Overview & Analysis |
7.1 North America Durable Medical Equipment Rental Market Revenues & Volume, 2021 - 2031 |
7.2 North America Durable Medical Equipment Rental Market, Revenues & Volume, By Countries, 2021 - 2031 |
7.2.1 United States (US) Durable Medical Equipment Rental Market, Revenues & Volume, 2021 - 2031 |
7.2.2 Canada Durable Medical Equipment Rental Market, Revenues & Volume, 2021 - 2031 |
7.2.3 Rest of North America Durable Medical Equipment Rental Market, Revenues & Volume, 2021 - 2031 |
7.3 North America Durable Medical Equipment Rental Market, Revenues & Volume, By Application, 2021 - 2031 |
7.4 North America Durable Medical Equipment Rental Market, Revenues & Volume, By End-use, 2021 - 2031 |
8 Latin America (LATAM) Durable Medical Equipment Rental Market, Overview & Analysis |
8.1 Latin America (LATAM) Durable Medical Equipment Rental Market Revenues & Volume, 2021 - 2031 |
8.2 Latin America (LATAM) Durable Medical Equipment Rental Market, Revenues & Volume, By Countries, 2021 - 2031 |
8.2.1 Brazil Durable Medical Equipment Rental Market, Revenues & Volume, 2021 - 2031 |
8.2.2 Mexico Durable Medical Equipment Rental Market, Revenues & Volume, 2021 - 2031 |
8.2.3 Argentina Durable Medical Equipment Rental Market, Revenues & Volume, 2021 - 2031 |
8.2.4 Rest of LATAM Durable Medical Equipment Rental Market, Revenues & Volume, 2021 - 2031 |
8.3 Latin America (LATAM) Durable Medical Equipment Rental Market, Revenues & Volume, By Application, 2021 - 2031 |
8.4 Latin America (LATAM) Durable Medical Equipment Rental Market, Revenues & Volume, By End-use, 2021 - 2031 |
9 Asia Durable Medical Equipment Rental Market, Overview & Analysis |
9.1 Asia Durable Medical Equipment Rental Market Revenues & Volume, 2021 - 2031 |
9.2 Asia Durable Medical Equipment Rental Market, Revenues & Volume, By Countries, 2021 - 2031 |
9.2.1 India Durable Medical Equipment Rental Market, Revenues & Volume, 2021 - 2031 |
9.2.2 China Durable Medical Equipment Rental Market, Revenues & Volume, 2021 - 2031 |
9.2.3 Japan Durable Medical Equipment Rental Market, Revenues & Volume, 2021 - 2031 |
9.2.4 Rest of Asia Durable Medical Equipment Rental Market, Revenues & Volume, 2021 - 2031 |
9.3 Asia Durable Medical Equipment Rental Market, Revenues & Volume, By Application, 2021 - 2031 |
9.4 Asia Durable Medical Equipment Rental Market, Revenues & Volume, By End-use, 2021 - 2031 |
10 Africa Durable Medical Equipment Rental Market, Overview & Analysis |
10.1 Africa Durable Medical Equipment Rental Market Revenues & Volume, 2021 - 2031 |
10.2 Africa Durable Medical Equipment Rental Market, Revenues & Volume, By Countries, 2021 - 2031 |
10.2.1 South Africa Durable Medical Equipment Rental Market, Revenues & Volume, 2021 - 2031 |
10.2.2 Egypt Durable Medical Equipment Rental Market, Revenues & Volume, 2021 - 2031 |
10.2.3 Nigeria Durable Medical Equipment Rental Market, Revenues & Volume, 2021 - 2031 |
10.2.4 Rest of Africa Durable Medical Equipment Rental Market, Revenues & Volume, 2021 - 2031 |
10.3 Africa Durable Medical Equipment Rental Market, Revenues & Volume, By Application, 2021 - 2031 |
10.4 Africa Durable Medical Equipment Rental Market, Revenues & Volume, By End-use, 2021 - 2031 |
11 Europe Durable Medical Equipment Rental Market, Overview & Analysis |
11.1 Europe Durable Medical Equipment Rental Market Revenues & Volume, 2021 - 2031 |
11.2 Europe Durable Medical Equipment Rental Market, Revenues & Volume, By Countries, 2021 - 2031 |
11.2.1 United Kingdom Durable Medical Equipment Rental Market, Revenues & Volume, 2021 - 2031 |
11.2.2 Germany Durable Medical Equipment Rental Market, Revenues & Volume, 2021 - 2031 |
11.2.3 France Durable Medical Equipment Rental Market, Revenues & Volume, 2021 - 2031 |
11.2.4 Rest of Europe Durable Medical Equipment Rental Market, Revenues & Volume, 2021 - 2031 |
11.3 Europe Durable Medical Equipment Rental Market, Revenues & Volume, By Application, 2021 - 2031 |
11.4 Europe Durable Medical Equipment Rental Market, Revenues & Volume, By End-use, 2021 - 2031 |
12 Middle East Durable Medical Equipment Rental Market, Overview & Analysis |
12.1 Middle East Durable Medical Equipment Rental Market Revenues & Volume, 2021 - 2031 |
12.2 Middle East Durable Medical Equipment Rental Market, Revenues & Volume, By Countries, 2021 - 2031 |
12.2.1 Saudi Arabia Durable Medical Equipment Rental Market, Revenues & Volume, 2021 - 2031 |
12.2.2 UAE Durable Medical Equipment Rental Market, Revenues & Volume, 2021 - 2031 |
12.2.3 Turkey Durable Medical Equipment Rental Market, Revenues & Volume, 2021 - 2031 |
12.3 Middle East Durable Medical Equipment Rental Market, Revenues & Volume, By Application, 2021 - 2031 |
12.4 Middle East Durable Medical Equipment Rental Market, Revenues & Volume, By End-use, 2021 - 2031 |
13 Global Durable Medical Equipment Rental Market Key Performance Indicators |
14 Global Durable Medical Equipment Rental Market - Export/Import By Countries Assessment |
15 Global Durable Medical Equipment Rental Market - Opportunity Assessment |
15.1 Global Durable Medical Equipment Rental Market Opportunity Assessment, By Countries, 2021 & 2031F |
15.2 Global Durable Medical Equipment Rental Market Opportunity Assessment, By Application, 2021 & 2031F |
15.3 Global Durable Medical Equipment Rental Market Opportunity Assessment, By End-use, 2021 & 2031F |
16 Global Durable Medical Equipment Rental Market - Competitive Landscape |
16.1 Global Durable Medical Equipment Rental Market Revenue Share, By Companies, 2024 |
16.2 Global Durable Medical Equipment Rental Market Competitive Benchmarking, By Operating and Technical Parameters |
17 Top 10 Company Profiles |
18 Recommendations |
19 Disclaimer |