(MENAFN- Straits Research)
Medical Equipment Rental Market Size & Growth Analysis
The global medical equipment rental market size was valued at USD 63.5 billion in 2025 and is projected to grow from USD 66.99 billion in 2026 to USD 102.81 billion by 2034, registering a CAGR of 5.5% during the forecast period from 2026 to 2034. North America dominated the medical equipment rental market with a market share of 38.6% in 2025.
Weather forecasting services provide meteorological data, analysis, and predictive information about atmospheric conditions for specific locations and time periods. These services use weather stations, satellites, radar systems, numerical weather models, and advanced analytics to forecast temperature, rainfall, wind, storms, and other conditions. Weather forecasting services are widely used across agriculture, aviation, transportation, energy, construction, and disaster management to support planning, risk management, and operational decision-making.
Medical Equipment Rental Market Key Takeaways
Global Market Size & Growth
2025 Market Size: USD 63.5 Billion
2026 Market Size: USD 66.99 Billion
2034 Projected Market Size: USD 102.81 Billion
Forecast Period: 2026–2034
Base Year: 2025
Market CAGR (2026–2034): 5.5%
Regional Insights
Largest Regional Market (2025): North America
North America Market Share (2025): 38.6%
Fastest-Growing Region: Europe
Europe CAGR (2026–2034): 6.8%
Segment Insights
By Product
Leading Segment: Durable Medical Equipment (DME)
Market Share in 2025: 48.9%
By End-User
Fastest-Growing Segment: Personal/Home Care
CAGR: 6.7% (2026–2034)
Download a Free Sample To learn more about this report,
Medical Equipment Rental Market Trends
Growing Demand for Home Healthcare and Flexible Medical Equipment Access
The medical equipment rental market is increasingly benefiting from the shift toward home-based healthcare, chronic disease management, post-operative recovery, and long-term patient support. Renting allows patients and healthcare providers to access expensive equipment without the high upfront cost of ownership, particularly for ventilators, hospital beds, oxygen equipment, mobility devices, patient monitors, and rehabilitation equipment. This trend is supporting medical equipment rental market growth as healthcare systems increasingly move selected care services from hospitals into home environments.
In January 2026, Turn Medical partnered with US Med-Equip to expand hospital access to the Pronova-O2 Automated Prone Therapy System. The partnership enables hospitals to access the automated therapy system through a rental model, demonstrating the growing use of flexible equipment-access models for critical-care applications.
Increasing Adoption of Digital Rental Platforms and Connected Equipment
Another important trend is the integration of digital platforms, remote monitoring, IoT connectivity, and predictive maintenance into medical equipment rental services. Rental providers are increasingly using connected technologies to track equipment location and utilization, monitor device performance, schedule maintenance, and improve fleet management. This development is supporting medical equipment rental market growth by allowing providers to increase equipment availability while improving service efficiency and reducing downtime.
In March 2025, Philips expanded its circular-economy approach for Azurion 7 C20 cath lab systems through refurbishment, achieving a reported 28% reduction in carbon footprint. The initiative highlights the growing emphasis on refurbished medical equipment and lifecycle management as healthcare providers seek more sustainable and cost-efficient ways to access advanced technologies.
Medical Equipment Rental Market Dynamics
Market Drivers
Growing Demand for Affordable Access to Medical Equipment
The increasing need for home-based care, rehabilitation, respiratory support, mobility assistance, and post-operative recovery is supporting demand for rented medical equipment. Renting allows patients and caregivers to access equipment such as hospital beds, wheelchairs, oxygen systems, respiratory devices, and other durable medical equipment without making the full upfront purchase. This is particularly useful when equipment is required for a limited recovery period. These factors are strengthening medical equipment rental market demand as healthcare delivery increasingly extends beyond hospitals into homes and community settings. Medicare also recognizes rental as a coverage pathway for several categories of durable medical equipment.
In August 2026, Medicare continued covering several categories of durable medical equipment through rental arrangements, including hospital beds, oxygen equipment, respiratory assist devices, walkers, wheelchairs, and scooters.
Market Restraints
Maintenance, Servicing, and Equipment Management Requirements
Rental providers must maintain medical equipment in safe and functional condition throughout repeated cycles of use. This creates costs related to inspection, cleaning, disinfection, repair, replacement of components, transportation, storage, and timely delivery. These requirements influence medical equipment rental market analysis because providers must maintain equipment availability while meeting applicable safety and quality requirements. Respiratory equipment and other devices may require particularly careful servicing because interruptions can directly affect patients who depend on the equipment at home. Effective asset tracking and maintenance systems are therefore important for controlling operational costs while maintaining service reliability.
In August 2026, Medicare's oxygen-equipment policy continued to include necessary maintenance, servicing, repairs, accessories, and delivery within the rental framework, illustrating the broader service responsibilities associated with medical equipment rental.
Market Opportunities
Expansion of Home-Based Healthcare and Rental Models
The shift toward home-based healthcare is creating opportunities for rental providers to supply equipment directly to patients recovering from surgery, managing chronic conditions, receiving rehabilitation, or requiring temporary mobility support. Rental and loan models can also improve access by allowing users to obtain equipment without committing to permanent ownership. These developments are shaping medical equipment rental market trends toward home delivery, flexible rental periods, equipment maintenance services, digital ordering, and integrated patient support. Growing recognition of assistive technology as an important part of independent living further supports opportunities for accessible rental and borrowing services.
In November 2025, research examining assistive-technology provision in India recommended loan and rental services so users could trial and borrow devices before purchasing, particularly through health and rehabilitation centers serving underserved communities.
Market Challenges
Ensuring Equipment Availability, Safety, and Appropriate Patient Use
Medical equipment rental providers must balance rapid availability with appropriate equipment selection, hygiene, maintenance, delivery, and user support. Equipment may move between multiple patients, making cleaning, inspection, servicing, and traceability essential. Providers also need to ensure that users receive equipment appropriate for their clinical and functional requirements and understand how to operate it safely. These requirements remain important for the medical equipment rental market report because poor equipment matching or inadequate maintenance can reduce the benefits of rental services and potentially create safety concerns.
In August 2026, WHO emphasized that assistive technology provision requires coordinated attention to products, provision, personnel, policy, and user needs, while identifying affordability, availability, trained personnel, and access as continuing barriers.
Medical Equipment Rental Market Segmentation
By Product
Durable Medical Equipment (DME) Segment Dominated the Market with 48.9% Share in 2025
The strong position of DME reflects the broad need for reusable medical equipment across home-based care, rehabilitation, and healthcare facilities. Rental models make these products more accessible by reducing upfront acquisition costs while allowing users and providers to obtain equipment according to changing care requirements.
Request Customization to receive a tailored report.
By End-User
Personal/Home Care Segment is Expected to Grow at the Fastest CAGR of 6.7% During the Forecast Period
The increasing shift toward home-based healthcare is supporting demand for rented medical equipment outside traditional healthcare facilities. Patients and caregivers can access necessary equipment for recovery, long-term care, and mobility support without making a large upfront purchase, strengthening the role of rental services in home healthcare.
Speak to an Analyst to discuss market opportunities.
Medical Equipment Rental Market Regional Outlook
North America Medical Equipment Rental Market Analysis
The North American medical equipment rental market accounted for 38.6% of the global market, reaching USD 24.51 billion in 2025, and is projected to grow at a CAGR of 5.7% during the forecast period. The region's leading position is supported by advanced healthcare infrastructure, high healthcare expenditure, increasing demand for flexible equipment access, and growing adoption of rental models by hospitals, clinics, and home healthcare providers.
United States Medical Equipment Rental Market Insights
The United States represents a major market in North America. Its extensive healthcare infrastructure, large hospital network, and increasing demand for cost-effective access to advanced medical equipment continue to support market growth.
Canada Medical Equipment Rental Market Insights
Canada's developed healthcare system, expanding home healthcare services, and increasing demand for accessible medical equipment continue to support regional market development.
Unlock Regional Insights to access country-level data, & regional trends.
Europe Medical Equipment Rental Market Analysis
The European medical equipment rental market accounted for 29.4% of the global market, reaching USD 18.67 billion in 2025, and is expected to register the fastest CAGR of 6.8% during the forecast period. Increasing healthcare spending, demand for advanced medical equipment, aging populations, and growing preference for cost-efficient equipment acquisition models continue to drive regional growth.
Germany Medical Equipment Rental Market Insights
Germany represents a major European market. Its advanced healthcare infrastructure, large hospital sector, and growing demand for modern medical equipment continue to support rental market development.
United Kingdom Medical Equipment Rental Market Insights
The United Kingdom's established healthcare system, increasing home healthcare requirements, and demand for flexible medical equipment access continue to create opportunities for rental service providers.
Asia Pacific Medical Equipment Rental Market Analysis
The Asia Pacific medical equipment rental market accounted for 22.7% of the global market, reaching USD 14.41 billion in 2025, and is projected to grow at a CAGR of 6.3% during the forecast period. Expanding healthcare infrastructure, increasing healthcare investments, growing medical tourism, and rising demand for affordable access to advanced equipment continue to support regional market growth.
China Medical Equipment Rental Market Insights
China represents a major market within the Asia Pacific. Expanding healthcare infrastructure, increasing hospital capacity, and growing demand for advanced diagnostic and therapeutic equipment continue to support rental market development.
Japan Medical Equipment Rental Market Insights
Japan's advanced healthcare system, aging population, and increasing demand for home-based healthcare services continue to support medical equipment rental adoption.
India Medical Equipment Rental Market Insights
India's expanding healthcare infrastructure, growing hospital network, and increasing demand for affordable medical equipment access continue to create opportunities for the rental market.
Latin America Medical Equipment Rental Market Analysis
The Latin American medical equipment rental market accounted for 5.4% of the global market, reaching USD 3.43 billion in 2025, and is expected to grow at a CAGR of 5.4% during the forecast period. Healthcare infrastructure development, increasing demand for medical devices, and the need to reduce upfront equipment acquisition costs continue to support regional market growth.
Brazil Medical Equipment Rental Market Insights
Brazil represents a major regional market. Its large healthcare sector, expanding private healthcare infrastructure, and increasing demand for flexible medical equipment access continue to support market development.
Middle East & Africa Medical Equipment Rental Market Analysis
The Middle East & Africa medical equipment rental market accounted for 3.9% of the global market, reaching USD 2.48 billion in 2025, and is anticipated to grow at a CAGR of 5.1% during the forecast period. Healthcare infrastructure expansion, increasing investments in medical facilities, and growing demand for advanced equipment continue to support regional market development.
UAE Medical Equipment Rental Market Insights
The UAE's advanced healthcare infrastructure, expanding medical facilities, and growing demand for modern medical technologies continue to support medical equipment rental services.
Saudi Arabia Medical Equipment Rental Market Insights
Saudi Arabia's healthcare infrastructure development, hospital expansion, and increasing investments in advanced medical technologies continue to create opportunities for medical equipment rental market growth.
Medical Equipment Rental Market Competitive Landscape
The global medical equipment rental market is highly competitive, with leading healthcare equipment rental providers, home healthcare companies, hospital service providers, and medical equipment suppliers competing through rental, leasing, maintenance, delivery, installation, and equipment management services. The major players in the market include Apria Healthcare Group, Inc., Centric Health Corporation, Hill-Rom Holdings, Inc., Nunn's Home Medical Equipment, Port Huron Hospital Medical Equipment, US Med-Equip, Inc., Universal Hospital Services, Inc., Woodley Equipment Company Ltd., Walgreen Co., Westside Medical Supply, Inc., and others.
Industry participants are focusing on expanding rental portfolios and providing flexible access to medical equipment for hospitals, clinics, long-term care facilities, home healthcare providers, and patients. Companies are investing in respiratory care equipment, patient monitoring systems, hospital beds, mobility equipment, infusion systems, diagnostic devices, and home medical equipment, alongside delivery, installation, maintenance, and equipment-replacement services. Rising healthcare expenditure, increasing prevalence of chronic diseases, growth in home healthcare, pressure on hospitals to manage capital expenditure, and increasing demand for short-term and specialized medical equipment are supporting the expansion of rental-based healthcare models.
US Med-Equip, Inc.: An Emerging Market Leader
US Med-Equip, Inc. is a major provider of medical equipment rental and support services, supplying hospitals and healthcare facilities with critical-care and patient-care equipment. Its services include medical equipment rental, delivery, maintenance, equipment management, and related support, helping healthcare providers access equipment without the need for significant upfront capital investment.
In 2026, US Med-Equip continued strengthening its hospital medical equipment rental and asset-management services, with emphasis on expanding equipment availability, improving logistics, and supporting healthcare facilities with flexible access to critical medical technologies. The company continued developing its rental and equipment-management capabilities to help hospitals respond to fluctuating patient volumes and changing equipment requirements. These initiatives reinforce US Med-Equip's competitive position in the global medical equipment rental market.
List of Key and Emerging Players in Medical Equipment Rental Market
Apria Healthcare Group, Inc.
Centric Health Corporation.
Hill-ROM Holdings, Inc.
Nunn's Home Medical Equipment
Port Huron Hospital Medical Equipment
US Med-Equip, Inc.
Universal Hospital Services, Inc.
Woodley Equipment Company Ltd.
Walgreen Co.
Westside Medical Supply, Inc.
Key Industry Developments
June 2026: United Rentals expanded its healthcare equipment rental services by increasing availability of specialized medical equipment solutions for hospitals, clinics, and home healthcare providers.
April 2026: Agiliti expanded its medical equipment management and rental portfolio through new service capabilities, supporting hospitals with flexible access to diagnostic, monitoring, and therapeutic equipment.
December 2025: Stryker expanded its equipment lifecycle management and rental solutions through enhanced hospital partnerships, improving access to advanced medical technologies and equipment utilization services.
September 2025: Hillrom (Baxter) expanded its connected care and medical equipment service offerings, supporting healthcare providers with flexible equipment access and technology-enabled patient care solutions.
Report Scope
Comments
No comment