Over the past five years, the Medical Equipment Rental industry has exhibited growth, thanks to the rapid advent of high-cost equipment. As many healthcare providers have grappled with cuts in Medicare and Medicaid reimbursements they have shifted toward 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. In the coming years, in response to the rapidly growing obese population, many healthcare providers will rent bariatric equipment, thus 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.
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.