Medical Equipment Rental Market Segmentation:
Rental Model Segment Analysis
The long-term (>6 months) segment is projected to garner the highest share of 62.8% in the market by the end of 2034. The segment’s growth is highly driven by the rising aging population, along with the availability of affordable solutions for rare disease care. Besides, Medicare’s 1.5-year rental policies for DME in the U.S. have fueled almost 72% of long-lasting leases, especially for hospital beds and oxygen concentrators. Meanwhile, LTCI systems in Germany readily cover approximately 88% of rentals for multiple years, particularly for mobility aids, to lower patient expenses by at least 43%, thereby denoting an optimistic outlook for the segment globally.
End user Segment Analysis
The home care segment is expected to hold the second-highest market share of 47.5% during the forecast timeline. The segment’s growth is propelled by decentralization in post-acute care services, along with a rise in the aging population. Besides, Medicare’s Hospital-at-Home program in the U.S. has enhanced rentals for infusion pumps and ventilators by approximately 45% since 2023. Meanwhile, the LTCI in Germany caters to approximately 85% of home-based DME expenses for elderly patients. The aspect of telehealth implementation, cost savings, and emerging economies are a few key trends that are responsible for boosting the segment within the projected timeline.
Our in-depth analysis of the global market includes the following segments:
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