Global Medical Equipment Rental Market Set To Grow To $60.6bn By 2022
03 August 2018
Visiongain’ has launched a new pharma report Global Medical Equipment Rental Market Forecast to 2027: Durable Medical Equipment, Surgical Equipment, Personal and Home Care Equipment, Electrical and Digital Equipment, Storage and transport, Personal & Home Care Rental, Institutional Medical Equipment Rental and Leading Companies
This report evaluates the global market of medical equipment rental in regions such as North America, Latin America, Europe, Asia-Pacific and the rest of the world. The report provides detailed overview of the driving and restraining factors for the growth of the market and opportunities for further advancement. The changing demographics of the world population, developing infrastructure, emerging economies, consumer spending behaviour, per capita income, macroeconomic factors, rising GDPs, and the reformation in laws and regulations are trend setting factors, which will affect the market.
The lead analyst of the report commented “’The Global Medical Equipment will experience strong growth over the forecast period. Growth in the market is primarily driven by the increasing use of durable medical equipment and personal/ home equipment, rapid advancements in technology, and increasing healthcare cost. The aid of government funding and public private partnership is anticipated to create opportunities for market players facilitating demand for durable medical equipment. Geriatric population is a key target population for these devices. Growing geriatric population base is anticipated to accentuate the growth in the market. However, factors such as poor flexibility in pricing and an overall lack of favourable regulations are expected to restrain the market’s growth to a certain extent.”
Leading companies featured in the report include Centric Health Corporation, Stryker Corporation, Hill-Rom Holdings, Inc., Universal Hospital Services, Inc., US-Med Equip, Inc.
Westside Medical Supply, Nunn’s Home Medical Equipment, Agito Medical A/S, Devon Medical
Woodley Equipment Company Ltd.
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