Remedy for everything: The rapid advent of high-cost equipment is expected to boost industry revenue growth
Medical Equipment Rental Over the past five years, the Medical Equipment Rental industry has exhibited growth due to the rapid advent of high-cost equipment. As many healthcare providers have grappled with cuts in Medicare and Medicaid reimbursements, they have implemented cost-saving strategies. In particular, many healthcare providers have rented rather than purchased medical equipment because they can access up-to-date technologies at a lower cost. For instance, some hospitals have rented ultrasound, remote patient monitoring and X-ray equipment, as well as other types of medical equipment that tend to become obsolete quickly. Furthermore, the regulatory environment has promoted demand for medical equipment rentals. This trend reflects the proliferation of high-cost, high-tech medical equipment. In response, many downstream markets have rented rather than purchased medical equipment to allocate their capital budget toward other expenditures. Over the five years to 2024, in response to the rapidly growing obese population, many healthcare providers will rent bariatric equipment, stimulating industry revenue growth.
Companies in this industry rent and lease medical equipment to institutional customers. This industry specifically excludes companies that primarily rent and lease medical equipment to home care customers.
This report covers the scope, size, disposition and growth of the industry including the key sensitivities and success factors. Also included are five year industry forecasts, growth rates and an analysis of the industry key players and their market shares.
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