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Medical Equipment Rental Market Set To Climb From $67.73 Billion In 2026 To $87.54 Billion By 2030
The medical equipment rental market has demonstrated robust expansion in recent years. This market is forecast to increase from $63.94 billion in 2025 to $67.74 billion in 2026, exhibiting a compound annual growth rate (CAGR) of 5.9%. The drivers behind its historical growth include the augmentation of hospital infrastructure, heightened patient admission volumes, increasing pressures related to healthcare costs, a rising necessity for adaptive equipment utilization, and the expanded deployment of critical care devices.
The medical equipment rental market size is projected to experience substantial expansion over the upcoming years. This market is anticipated to reach a valuation of $87.54 billion by 2030, demonstrating a compound annual growth rate (CAGR) of 6.6%. This projected growth is primarily driven by factors such as an increasing need for home healthcare devices, a heightened focus on cost efficiency, the wider integration of digital healthcare assets, hospitals’ growing inclination towards rental solutions, and a stronger preference for adaptable equipment access. Key developments expected during this period encompass a greater call for economical healthcare solutions, the expanding use of rental-based medical resources, an increasing requirement for short-term and temporary equipment, the growing necessity for home-based patient care technology, and an intensified drive to streamline hospital capital spending.
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Medical Equipment Rental Market Development Factors: What’s Supporting Demand?
The expanding number of hospitals, diagnostic laboratories, and surgery centers is projected to drive the future growth of medical equipment rental. To provide high-quality , these establishments need various medical devices but might lack the funds to purchase all equipment immediately. Medical equipment rental businesses offer economical options by providing access to diverse equipment on either a short-term or long-term basis. For example, according to the American Hospital Association, a US-based non-profit organization, the United States had 6,120 hospitals in 2024, showing an increase from 6,093 hospitals in 2022. This growing proliferation of hospitals, diagnostic laboratories, and surgery centers is a key driver for the expansion of the medical equipment rental market.
Medical Equipment Rental Market Segment Trends And Revenue Contributors
The medical equipment rental market covered in this report is segmented –
1) By Type: Personal Or Home Care Equipment, Electronic Or Digital Equipment, Surgical Equipment, Durable Medical Equipment, Storage And Transport
2) By Rental Duration: Short-Term Rental (Less Than 30 Days), Medium-Term Rental (31–180 Days), Long-Term Rental (More Than 180 Days)
3) By End-User: Hospitals, Personal Or Home Care
Subsegments:
1) By Personal Or Home Care Equipment: Wheelchairs, Hospital Beds, Oxygen Equipment, Mobility Aids
2) By Electronic Or Digital Equipment: Patient Monitors, Diagnostic Imaging Equipment, Infusion Pumps, Electrocardiogram (ECG) Machines
3) By Surgical Equipment: Surgical Instruments, Operating Tables, Anesthesia Machines, Surgical Lights
4) By Durable Medical Equipment: Crutches, Walkers, Shower Chairs, Lift Chairs
5) By Storage And Transport: Medical Carts, Transport Stretchers, Medical Storage Units, Refrigerators For Medications
Medical Equipment Rental Market Transformation Trends: What Innovations Are Driving Change?
Leading companies in the medical equipment rental market are concentrating on developing innovative rental initiatives, such as those incorporating motion-activated stimulation (MAS) technology, to secure a competitive advantage. This advanced motion-activated stimulation (MAS) technology is a pioneering method that merges electrical muscle stimulation (EMS) with motion detection. For example, in February 2023, Alyve Medical Inc., a US-based medical technology company, introduced its Neuralign S @Home device. It features a rental program for the @Home device, thereby enhancing its affordability and accessibility for a wider spectrum of patients. This approach eliminates the initial expenditure of buying the device, allowing patients to test it out and assess its appropriateness. The @Home version also enables patients to continue their treatment autonomously, maximizing their recovery period and convenience.
Medical Equipment Rental Market Competitive Landscape: Which Companies Lead The Industry?
Major companies operating in the medical equipment rental market report are Agiliti Inc, US Med-Equip Inc, Apria Healthcare Group Inc, Woodley Equipment Company Ltd, Universal Hospital Services Inc, Avante Health Solutions, AGITO Medical A S, Block Imaging, Providian Medical Equipment Inc, Future Health Concepts Inc, Direct Medical Imaging LLC, Multi Imager Service Inc, Jamie’s Medical Imaging, PrizMED Imaging, National Diagnostic Imaging, Westside Medical Supply, Nunn’s Home Medical Equipment, Med One Group, Auxo Medical, Rotech Healthcare Inc
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Medical Equipment Rental Market Geographic Spread And Regional Opportunities
North America was the largest region in the medical equipment rental market in 2025. The regions covered in the medical equipment rental market report are Asia-Pacific, South East Asia, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
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Wasay has over a decade of experience in market research, data modelling, and analytics, with prior experience at GlobalData and Decision Tree Consulting Services. At The Business Research Company , he leads research operations across syndicated studies, customized consulting engagements, and the Global Market Model platform. His professional experience includes supporting organizations such as Boston Consulting Group, KPMG, and Ernst & Young. Wasay holds a degree in Electronics and Communications Engineering, postgraduate management qualifications from International Management Institute Belgium and Indian School of Business and Entrepreneurship, and completed the Integrated Program in Business Analytics from Indian Institute of Management Indore.