How big is the medical equipment rental market | Size, Share & Growth Forecast 2025

Q: What is the market size of the medical equipment rental market?

It was valued at USD 4.1 Billion in 2024 and is projected to reach USD 7.3 Billion by 2031.

Q: What is the CAGR of the medical equipment rental market?

The market is expected to grow at a CAGR of 7.60% from 2025 to 2031.

Q: What drives the medical equipment rental market?

Increasing healthcare demand, homecare trends, and cost benefits of rentals.

Q: What types of equipment are commonly rented?

Hospital beds, infusion pumps, wheelchairs, oxygen concentrators, and monitors.

Q: How does 6W market outlook report help businesses in making decisions?

6W monitors the market across 60+ countries Globally, publishing an annual market outlook report that analyses trends, key drivers, Size, Volume, Revenue, opportunities, and market segments. This report offers comprehensive insights, helping businesses understand market dynamics and make informed decisions.

Q: Do you also provide customisation in the market study?

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Code: MTA7091

Publication Date: Jul 2025

How big is the Medical Equipment Rental Market?

According to 6Wresearch internal database and industry insights, the Global Medical Equipment Rental Market was valued at USD 4.1 Billion in 2024 and is expected to reach USD 7.3 Billion by 2031, growing at a compound annual growth rate of 7.60% during the forecast period of 2025-2031.

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The market growth is driven by rising healthcare costs, increased demand for homecare services, and the need for short-term equipment usage in healthcare facilities.

Key Growth Drivers of the Medical Equipment Rental Market

Increasing geriatric population and chronic illnesses
Rising preference for home healthcare and patient convenience
Cost-effectiveness of renting over purchasing equipment
Rapid expansion of private healthcare facilities in developing regions
Growing demand for temporary medical infrastructure during health crises

Medical Equipment Rental Market Trends

The medical equipment rental market is seeing increased demand for home-use devices such as hospital beds, oxygen concentrators, and wheelchairs. Hospitals and healthcare organizations are turning to short term rentals to overcome overflow or keep equipment in repairs. Inventory tracking and immediate availability of equipment are being enhanced through digitization. The emergence of online rental applications is making renting processes easier among healthcare providers and patients. There are also new models of subscriptions, which are providing greater flexibility in the structure of rentals, including maintenance.

Emerging Developments in the Medical Equipment Rental Market

The Medical Equipment Rental market is evolving as companies introduce AI-based asset tracking and predictive maintenance for rented devices. The remote patient care with integration of telehealth compatible equipment is catching up. They are also growing by providing their services with local distributors in the emerging markets as part of their rental services. Moreover, the models, which encourage equipment reuse and refurbishment are being established. Companies are also tailoring their pediatric, surgical and palliative care needs to niche demands by preparing packages related to their needs.