Overview

Successful treatment: The rapidly growing obese population will spur industry demand

IBISWorld’s Medical Equipment Rental market research report can be used to help you: understand market size and growth potential; major companies; draft business plans and pitch books; and conduct benchmarking and SWOT analysis. Our industry analysis highlights macro industry trends in the overall sector and micro trends faced by companies that do business in the industry. The industry report also provides key industry statistics and 5-year forecasts to anticipate future industry prospects so you can decide with confidence.

REPORT SNAPSHOT

Industry Threats & Opportunities

  • Healthcare providers rent medical equipment because they can access up-to-date technologies at a lower cost
  • Over the past five years, the industry has expanded to include more services
  • Healthcare reform will provide opportunities for healthcare providers to lease medical equipment

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    Industry Analysis & Industry Trends

    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...

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    Industry Report - Industry SWOT Analysis Chapter

    The Medical Equipment Rental industry is in the growth phase of its life cycle. Industry value added (IVA), which measures an industry's contribution to the overall economy, is expected to grow at an annualized rate of 3.9% during the 10 years to 2021. Comparatively, US GDP is anticipated to rise at an annualized rate of 2.1% during the same period. Overall, there has been strong market acceptance of the industry's products among downstream markets (e.g. acute care hospitals). Furthermore, many medical equipment rental companies are deriving growth by expanding their service offerings, such as including delivering, cleaning, repairing and maintaining rental medical devices in their product portfolio.

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    Additional Insights for the Medical Equipment Rental Industry

    IBISWorld identifies 250 Key Success Factors for a business.The most important for the Medical Equipment Rental Industry are

  • Having a cost effective distribution system
  • Having links with suppliers
  • Having a good technical knowledge of the product
  • IBISWorld analysts also discuss how external factors such as Federal funding for Medicare and Medicaid and Number of adults aged 65 and older in the Medical Equipment Rental industry impact industry performance..

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    Look under the hood?

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    Industry Products

    What is the Medical Equipment Rental Industry?

    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.

    Industry Products
    Medical equipment rentals, excluding surgical equipment
    Support services
    Surgical equipment rentals
    Industry Activities
    Renting medical equipment
    Leasing medical equipment
    Providing customer support services

    Table of Contents

    About this Industry
    Industry Definition
    Main Activities
    Similar Industries
    Additional Resources
    Industry at a Glance
    Industry Statistics Snapshot
    Industry Structure
    Executive Summary
    Industry Performance
    Executive Summary
    Key External Drivers
  • Federal funding for Medicare and Medicaid
  • Number of adults aged 65 and older
  • Number of people with private health insurance
  • Total health expenditure
  • Number of physician visits

  • Current Performance
  • Regulatory environment
  • Establishments and employment
  • Chart: Revenue Growth

  • Industry Outlook
  • Healthcare reform provides opportunities
  • Upstream regulations affect the industry
  • Table: Medical Equipment Rental Industry Revenue Outlook

  • Industry Life Cycle
  • Life cycle reasons
  • Chart: Benchmarking - Medical Equipment Rental Industry Lifecycle vs The Economy

  • Products & Markets
    Supply Chains
    Key Buying Industries
  • Primary Care Doctors
  • Hospitals
  • Nursing Care Facilities

  • Key Selling Industries
  • Medical Device Manufacturing
  • Medical Instrument & Supply Manufacturing

  • Products & Services
  • Medical equipment rentals, excluding surgical equipment
  • Support services
  • Surgical equipment rentals
  • Chart: Medical Equipment Rental Industry Products and Services Segmentation

  • Demand Determinants
    Major Markets
  • Acute and extended care organizations
  • Managed care and other private insurers
  • Other
  • Medicare and Medicaid reimbursements
  • Chart: Major Market Segmentation for the Medical Equipment Rental Industry

  • International Trade
    Business Locations
    Chart: Business Locations by State
    Competitive Landscape
    Market Share Concentration
    Key Success Factors
    Cost Structure Benchmarks
    ProfitDepreciationWagesPurchasesRent, utilities and other
  • Chart: Cost Structure Benchmarking – Sector vs Medical Equipment Rental

  • Basis of Competition
  • Internal competition
  • External competition

  • Barriers to Entry
  • Table: Barrier to Entry Checklist for the Medical Equipment Rental Industry

  • Industry Globalization
    Major Companies
    Acelity L.P. Inc.Universal Hospital Services Inc.
  • Table: Acelity L.P. Inc. - financial performance
  • Table: Universal Hospital Services Inc. - financial performance

  • Operating Conditions
    Capital Intensity
  • Chart: Level of Capital Intensity for the Medical Equipment Rental Industry
  • Chart: Tools of the Trade: Growth Strategies for Success

  • Technology & Systems
    Revenue Volatility
  • Chart: Volatility vs Industry Growth

  • Regulation & Policy
    Industry Assistance
    Key Statistics
    Table: Industry Data for the Medical Equipment Rental Industry
    Includes:
  • Industry Revenue (2007-2021)
  • Industry Gross Product (2007-2021)
  • Establishments (2007-2021)
  • Businesses (2007-2021)
  • Employment (2007-2021)
  • Wages (2007-2021)
  • Total health expenditure (2007-2021)

  • Table: Annual Percentage Change for Key Industry Data
    Table: Key Ratios for Industry Key Data
    Jargon & Glossary
    Acute
  • Of or relating to medical care intended for short periods of time.
  • Lease
  • A contract granting use of property during a specified period in exchange for a specified rent.
  • Rent
  • A payment made at specified intervals in return for the right to use the property of another.
  • Why buy this report?

    IBISWorld industry market research reports enable you to:
    • Find out about key industry trends
    • Identify threats and opportunities
    • Inform your decisions for marketing, strategy and planning
    • Quickly build competitive intelligence
    This report on Medical Equipment Rental:
    • Provides Market Size information to assist with planning and strategic decisions.
    • Includes the necessary information to perform SWOT, PEST and STEER analysis.
    • Helps you understand market dynamics to give you a deeper understanding of industry competition and the supply chain.
    • Analyses key performance and operational metrics so that you can benchmark against your own business, that of your customers’ businesses, or your competitors’ businesses.
    The Medical Equipment Rental market research report includes:
    • Historical data and analysis for the key drivers of this industry
    • A five-year forecast of the market and noted trends
    • Detailed research and segmentation for the main products and markets
    • An assessment of the competitive landscape and market shares for major companies
    • And of course, much more

    IBISWorld reports on thousands of industries around the world. Our clients rely on our information and data to stay up-to-date on industry trends across all industries. With this IBISWorld Industry Research Report on Medical Equipment Rental, you can expect thoroughly researched, reliable and current information that will help you to make faster, better business decisions.

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