Healthcare Medical Equipment Rental Market

The global medical equipment rental market is segmented into device such as personal/home care equipment, electronic/digital equipment, surgical equipment, durable medical equipment, and storage and transport. Further, durable medical equipment grabbed the largest segment in 2016 and it is expected to garner at a notable CAGR during the forecast period . Likely, continuous innovation of healthcare products along with easy availability of rental medical equipment is projected to foster the growth of medical equipment rental market. Moreover, increase in prices of medical equipments is also believed to spur the growth medical equipment rental market. Global medical equipment rental market is expected to register a 7.1% CAGR over the forecast period. Moreover, the global medical equipment rental market is anticipated to reach USD 68 Billion globally by 2024. The market is expected to expand on the back of developing healthcare infrastructure and increasing adoption of rental medical equipments. The personal/home care medical equipment rental segment is projected to occupy a considerable CAGR by the end of 2024. In terms of regional platform, Europe region captured the largest market of medical equipment rental in 2016 aided by Western Europe countries such as Germany, U.K. and others. Further, rapid urbanization and growing adoption of rental medical equipment are the key factors driving the growth of Europe medical equipment rental market . Apart from this, Asia-Pacific region is expected to be the fastest growing medical equipment rental market. Increasing healthcare expenditure Rapid urbanization coupled with positive GDP figures of the developed and developing nations such as U.S., China and others are believed to flourish the growth of medical equipment rental market. Moreover, short life of medical equipments restricts the consumer to purchase the equipment which in turn believed to foster the growth of medical equipment rental market. Request For Free Report Sample@https://www.researchnester.com/sample-request/2/rep-id-495 Rising prevalence of chronic diseases Copyright © Research Nester www.researchnester.com

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