Medical Equipment Rental Market Outlook:
Medical Equipment Rental Market size was over USD 8.8 billion in 2024 and is anticipated to exceed USD 14.9 billion by the end of 2034, growing at over 6.4% CAGR during the forecast period i.e., between 2025-2034. In 2025, the industry size of medical equipment rental is estimated at USD 9.1 billion.
The worldwide market is positively influenced by a surge in the patient pool, especially rare disease management, as well as the aging population. As per the World Health Organization (WHO) report, the international population aged more than 60 years is projected to reach 2.3 billion by the end of 2050, thereby enhancing the need for durable medical equipment (DME), including respiratory devices, wheelchairs, and hospital beds. Besides, the Centers for Disease Control and Prevention (CDC) has reported that 8 in 12 adults in the U.S. are affected by rare disorders, further fueling rental demand for affordable medical solutions. Meanwhile, the supply chain for the market includes international raw material sourcing, thus suitable for market upliftment.
Moreover, the U.S. Bureau of Labor Statistics (BLS) has indicated that the producer price index (PPI) has increased to more than 3.5% year-over-year (YoY) between 2023 and 2024 for medical equipment manufacturing, effectively reflecting logistical and supply chain expense pressures. Meanwhile, the consumer price index (CPI) rose to 4.3% for medical equipment services, thereby portraying high end-user expenses. Besides, global trade facilities have demonstrated that Europe and the U.S. are key importers of medical devices, with almost USD 56.8 billion for medical equipment imports as of 2023. In addition, China is dominating in exports, sourcing an estimated 35% of medical equipment internationally, thereby creating growth opportunities for the market.
