Medical Equipment Rental Market Size| 2021 Covid-19 Impact On Healthcare Industry Global Analysis By Size, Trends, Growth, Share, Business, Key Players And Regional Forecast latest study published by Fortune Business Insights. The global “medical equipment rental market” is slated to make substantial gains owing to the increasing geriatric population worldwide, shares Fortune Business Insights™ in its report, titled “Medical Equipment Rental Market Size, Share & Industry Analysis, By Product Type (Durable Medical Equipment [Acute Care , Long-term Care, Emergency & Trauma Care] Personal Mobility Devices, Electronic/Digital Equipment, Storage and Transport Devices), By End User (Hospitals, Institutes and Laboratories, Personal/Home Care, Others) and Regional Forecast, 2020-2027”.
According to the UN’s recent World Population Prospects 2019, approximately 16% of the global population will be above 65 years of age by 2050. Furthermore, in Europe and North America, nearly 25% of the population will be aged 65 years and above by 2050. In addition to this, the World Health Organization (WHO) estimates that the number of persons aged 60 years and older will reach 2 billion by 2050, indicating a rapid rise in aging worldwide. As geriatric populations increase globally, the demand for efficient, modern, and accurate health equipment and services is likely to spike in the coming years. Medical equipment rental services and platforms can fulfill this growing need by supplying the necessary healthcare technologies to hospitals and clinics at reasonable prices, allowing these facilities to ensure superior patient outcomes and the serve the specific health requirements of aging individuals.
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Global Medical Equipment Rental Market Highlights:
The Medical Equipment Rental Market report offers an in-depth analysis of the Medical Equipment Rental industry and the demand drivers by highlighting information on several aspects of the market. Prudent Markets addresses all these aspects and provides the latest scoop and detailed eye-opening study on all major & emerging business segments. In addition to this, the report sheds light on the industry developments by key players, which are contributing to the expansion of this industry. The development scope, feasibility study, Medical Equipment Rental market concentration, and maturity analysis is elaborated in this report.
Information given in the research report pertains to different technological advancements introduced in recent years, which allows for a meticulous analysis of the industry and offers a more comprehensive understanding to the readers.
The outbreak of covid-19 in the global market has made companies uncertain about their future scenario as the prolonged lock-down finds a serious economic slump. The latest survey on COVID-19 Outbreak-Global Medical Equipment Rental Market is conducted to provide hidden gems performance analysis. Essential growth factors and study of Basis points [BPS] have been discussed in the following report. Research Report explains a detailed overview of market dynamics, segmentation, product portfolio, business plans, and the latest development in the industry.
Out research methodology is robust and includes data triangulation based on bottom-up and top-down approaches. We validated the approximate market number with the help of primary research. Secondary research was conducted to find out detailed information about mergers and acquisitions, collaborations, joint ventures, and agreements. At the same time, we have derived significant information about the market dynamics associated with growth drivers, trends, and obstacles.
It offers figurative estimations for upcoming years on the basis of the recent developments and historic data. For gathering information and estimating revenue for all segments, researchers have used top-down and bottom-up approaches. On the basis of data collected from primary and secondary research and trusted data sources the report will help both existing and new aspirants for Medical Equipment Rental market to figure out and study the market’s needs, market size, and competition.
Highlights of the Report:
- In-depth evaluation of the factors shaping the size, share, and the growth trajectory of the market;
- Unparalleled analysis of all the market segments;
- Careful examination of the regional and competitive dynamics of the market; and
- Comprehensive assessment of the impact of the COVID-19 pandemic on the market.
Strengthening Government Support for Medical Financing to Propel the North America Market
North America is expected to dominate the medical equipment rental market share in the forthcoming years due to robust support for medical financing given by the governments in the region. This support is further fostered by the rising investments in healthcare technologies and digital services by government bodies and private sector entities in the region. In Asia Pacific, growing urgency to adopt advanced healthcare tools to tackle the increasing incidence of chronic diseases and rapid rise in aging populations in the region will stimulate the demand for medical equipment rental services. On the other hand, in Latin America, improving healthcare infrastructure and investments in diagnostic technologies will fuel the regional market.
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Expansion of Distribution Networks by Key Players to Charge up Market Competition
With a view to deepen their footprint in this market, key players are continuously adopting strategies to expand and strengthen their distribution channels across different geographies. In the process, companies are able to solidify not just their regional market position, but are also augmenting their international presence.
June 2020: Med One Group inaugurated a new distribution office in North Carolina to rent and service medical equipment in the state as well as foster its operations across the US East Coast. Through this office, Med One will provide expert biomedical services and facilitate local deliveries and pickups to the state’s healthcare facilities.
List of Key Players Covered in the Medical Equipment Rental Market Report:
- Siemens Financial Services, Inc.
- Westside Medical Supply
- Hill-Rom Holdings Inc.
- Med One Group
- Nunn’s Home Medical Equipment
- Woodley Equipment Company Ltd
- AGITO Medical A/S
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