Home Medical Equipment Rentals - IBISWorld Industry Market Research

Home Medical Equipment Rentals

Home Medical Equipment Rentals - IBISWorld Industry Market Research
Home Medical Equipment Rentals
Published Feb 12, 2015
32 pages — Published Feb 12, 2015
Price US$ 910.00  |  Buy this Report Now

About This Report


In the past five years, the Home Medical Equipment Rentals industry has contracted, even while a growing senior population and expanded health insurance coverage have driven increased demand for its services. Since Medicare's introduction of a competitive bidding process for home medical equipment, providers have received lower prices for their rentals, cutting into profit margins from their largest market and constraining revenue overall. This program will likely continue over the next five years, and may even be expanded to Medicaid, preventing the industry from recovering the profit margins it obtained a decade ago. However, prices are expected to reach their trough during the next five-year period, and the industry will again achieve growth through the exit of unprofitable companies, layoffs and restructuring.

This industry rents devices that are designed to aid in the diagnosis, monitoring or treatment of medical conditions to individuals in their homes. Examples include respiratory and mobility aids such as oxygen tanks, crutches and wheelchairs. The industry also rents hospital beds for home use. Operators in this industry do not rent medical equipment or beds for use outside of homes.

The report covers the scope, size, disposition and growth of the industry including the key sensitivities and success factors. Also included are five year industry forecast, growth rates and an analysis of the industry key players and their market shares.

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US Special Collection
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IBISWorld Industry Market Research—IBISWorld is a leading strategic business information provider that offers comprehensive information on more than 700 US industries covering 4,000 individual product segments. They also provide global industry and industry risk rating reports covering Australia, the United Kingdom and China. IBISWorld data offers detailed analysis on growth trends, the competitive environment and key issues. Reports average 30 to 40 pages and contain figures; market characteristics; product, market and service segmentation; industry conditions, current and historical performance analysis; risk scores; industry participants and market share; factors to success; and 5-year forecasts with forecast analysis.

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Cite this Report

IBISWorld Industry Market Research. "Home Medical Equipment Rentals" Feb 12, 2015. Alacra Store. Jun 21, 2018. <http://www.alacrastore.com/storecontent/IBISWorld-Industry-Market-Research/Home-Medical-Equipment-Rentals-2042-3531>
IBISWorld Industry Market Research. (2015). Home Medical Equipment Rentals Feb 12, 2015. New York, NY: Alacra Store. Retrieved Jun 21, 2018 from <http://www.alacrastore.com/storecontent/IBISWorld-Industry-Market-Research/Home-Medical-Equipment-Rentals-2042-3531>
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