Medical Equipment Rental Market Size & Growth Forecast 2027–2036, By Segments (End-use, Product), Regional Demand Trends (North America, Asia Pacific, Europe), Key Country Insights (U.S., Japan, South Korea, Germany, France, Italy), and Competitive Landscape
Market Size and Growth Outlook
Medical Equipment Rental Market size was around USD 67.8 billion in 2026 and is slated to grow at a 5.99% CAGR from 2027 to 2036, surpassing USD 121.3 billion by 2036. The industry revenue for 2027 is calculated at USD 71.22 billion.
Get more details on this report
Request Free Sample ReportMedical Equipment Rental Market Intelligence Snapshot
Regional Market Dynamics
- North America leads due to mature healthcare networks and widespread use of rental models that reduce capital costs while supporting flexible access to high-value medical devices.
- Asia Pacific is expanding at 6.78% CAGR due to rising healthcare infrastructure development and increasing demand for cost-efficient access to medical devices.
Segment Momentum
- Hospitals lead the market because they require continuous access to high-value equipment for emergency care, surgery, intensive care, and patient monitoring while managing budget and capacity constraints through rentals.
- Personal and homecare is growing rapidly as more patients seek cost-effective access to equipment at home, supported by post-discharge care needs and increasing preference for home-based treatment pathways.
Market Expansion Drivers
- Increasing shift from equipment ownership to leasing reducing capital expenditure for healthcare providers.
- Rising home healthcare adoption accelerating rental demand for respiratory and mobility support devices.
- Rapid medical device innovation shortening replacement cycles and strengthening flexible rental procurement models.
Leading Market Participants
- Top players in the medical equipment rental market include Agiliti Inc. (United States), Hillrom Holdings, Inc. (United States), Owens & Minor, Inc. (United States), Apria Healthcare Group Inc. (United States), Lincare Holdings Inc. (United States), Rotech Healthcare Inc. (United States), Med One Group (United States), Universal Hospital Services Inc. (United States), Siemens Financial Services GmbH (Germany), Woodley Equipment Company Ltd. (United Kingdom).
Global Market Forecast Snapshot
Market Outlook
- 2026 Market Size: USD 67.8 billion
- 2027 Estimated Market Size: USD 71.22 billion.
- Projected Market Size: USD 121.3 billion by 2036
- Growth Forecast: 5.99% CAGR (2027-2036)
Regional and Segment Outlook
- Leading Regional Market: North America
- High-Growth Regional Hub: Asia Pacific
- Core Revenue Segment: Hospitals (End-use) | Durable Medical Equipment (Product)
- Emerging Opportunity Segment: Personal/Homecare (End-use) | Surgical Equipment (Product)
Market Growth Drivers and Industry Trends
Increasing shift from equipment ownership to leasing reducing capital expenditure for healthcare providers
The transition from outright equipment ownership toward leasing and rental arrangements is driving the medical equipment rental market by allowing healthcare providers to access essential technologies without making substantial upfront capital investments. Rental models can improve financial flexibility for hospitals, clinics, and other healthcare organizations that need to manage equipment requirements while controlling procurement costs. This approach is particularly useful when providers require specialized equipment for temporary capacity expansion, specific clinical programs, or facilities operating under constrained capital budgets.
Rising home healthcare adoption accelerating rental demand for respiratory and mobility support devices
The expansion of home-based care is boosting the medical equipment rental market as patients increasingly require access to clinical devices outside traditional hospital environments. Respiratory support equipment, mobility aids, and other durable medical devices can be rented for short- or long-term use, enabling patients and caregivers to obtain necessary equipment without purchasing expensive assets outright. Healthcare providers and home-care organizations also benefit from rental arrangements when equipment needs vary according to patient recovery periods and changing care requirements.
Rapid medical device innovation shortening replacement cycles and strengthening flexible rental procurement models
Rapid innovation across medical technology is encouraging healthcare organizations to adopt flexible procurement strategies, which will strengthen medical equipment rental market demand as providers seek access to newer devices without retaining aging equipment for extended periods. Frequent technological improvements can make long-term ownership less attractive when newer systems offer enhanced functionality, usability, or clinical capabilities. Rental arrangements provide organizations with greater flexibility to introduce updated equipment while limiting exposure to depreciation and the operational challenges associated with replacing obsolete devices.
| Growth Driver | Impact on CAGR | Regulatory Influence | Geographic Relevance | Adoption Rate | Impact Timeline |
|---|---|---|---|---|---|
| Increasing shift from equipment ownership to leasing reducing capital expenditure for healthcare providers | 1.80% | Moderate | North America, Europe | High | Near Term |
| Rising home healthcare adoption accelerating rental demand for respiratory and mobility support devices | 1.70% | Moderate | Asia Pacific, North America | High | Mid Term |
| Rapid medical device innovation shortening replacement cycles and strengthening flexible rental procurement models | 1.40% | Low | Europe, Asia Pacific | Medium | Mid Term |
Unlock insights tailored to your business with our bespoke market research solutions.
Click to get your customized report now.
Regional Demand Dynamics
North America (Largest Region)
The medical equipment rental market was led by North America, which held the largest share in 2026, owing to well-developed healthcare delivery networks and widespread demand for flexible access to costly medical equipment. Hospitals, clinics, and other care providers increasingly use rental models to manage capital expenditure, address temporary equipment requirements, and maintain access to updated technologies. The presence of established healthcare infrastructure and growing emphasis on cost-efficient equipment utilization further supports the region's strong market position.
Asia Pacific (Fastest-Growing Region)
Asia Pacific is experiencing the fastest growth as healthcare facilities expand and providers seek more flexible approaches to acquiring medical technologies. Rising healthcare investment, increasing numbers of hospitals and diagnostic centers, and improving access to specialized care are creating favorable conditions for rental-based equipment models. The approach can also help healthcare providers manage upfront acquisition costs while gaining access to modern equipment, particularly in markets where healthcare infrastructure is undergoing rapid development.
| Parameter | North America | Asia Pacific | Europe | Latin America | MEA |
|---|---|---|---|---|---|
| Innovation Hub i Scale Nascent Developing Advanced | |||||
| Cost-Sensitive Region i Scale Low Medium High | |||||
| Regulatory Environment i Scale Restrictive Neutral Supportive | |||||
| Demand Drivers i Scale Weak Moderate Strong | |||||
| Development Stage i Scale Emerging Developing Developed | |||||
| Adoption Rate i Scale Low Medium High | |||||
| New Entrants / Startups i Scale Sparse Moderate Dense | |||||
| Macro Indicators i Scale Weak Stable Strong |
Key Country Insights
Germany 🇩🇪
Asset Optimization StrategyGermany emphasizes medical equipment rental as a practical approach to optimizing healthcare asset utilization while maintaining access to advanced technologies. German providers increasingly use rental agreements to manage changing clinical demands and equipment replacement cycles.
France 🇫🇷
Healthcare Resource FlexibilityFrance encourages medical equipment rental to improve resource allocation across hospitals and community healthcare facilities. French providers increasingly utilize rental services for specialized equipment during periods of fluctuating clinical demand and technology upgrades.
Italy 🇮🇹
Cost-Conscious Equipment PlanningItaly increasingly adopts medical equipment rental to improve access to specialized medical technologies while managing healthcare expenditure. Italian healthcare providers value rental partnerships that provide maintenance support, equipment upgrades, and greater flexibility for changing clinical requirements.
Japan 🇯🇵
Aging Care SupportJapan continues expanding medical equipment rental services to support long-term care, rehabilitation, and home healthcare needs associated with an aging population. Healthcare providers increasingly rely on rental models to improve equipment availability while maintaining operational flexibility.
South Korea 🇰🇷
Digital Rental ManagementSouth Korea strengthens its medical equipment rental market through digitally managed service models and responsive equipment logistics. Healthcare organizations increasingly value rental providers offering rapid deployment, maintenance support, and flexible contract arrangements across clinical settings.
United States 🇺🇸
Flexible Equipment AccessThe U.S. medical equipment rental market benefits from healthcare providers seeking flexible access to high-value equipment without significant capital investment. Rental services increasingly support hospitals, outpatient facilities, and home healthcare providers with scalable equipment availability.
Segment Leadership and Growth Trends
Medical Equipment Rental Market Share (%), by End-use, 2026
Go beyond the chart, access full insights & data tables
Request Free Sample ReportEnd-use Segment Analysis: Hospitals (Largest Segment) vs Personal/Homecare (Fastest-Growing Segment)
Hospitals led the medical equipment rental market, holding the largest share in 2026. Hospitals require a broad range of medical equipment to support diagnosis, treatment, surgery, monitoring, and patient recovery, while rental models provide greater flexibility in accessing equipment without the full financial burden of ownership. The ability to obtain specialized or high-value equipment as operational requirements change also makes rental services attractive to healthcare facilities seeking efficient resource utilization. These advantages continue to support strong hospital demand for medical equipment rental solutions.
The personal/homecare segment is expected to experience the fastest growth, driven by the increasing shift of healthcare delivery toward patient homes. Rental services enable individuals and caregivers to access necessary medical equipment without substantial upfront investment, particularly when equipment is required for limited-duration treatment or ongoing home-based care. Growing emphasis on convenient patient-centered care, recovery outside traditional healthcare facilities, and home monitoring is strengthening the role of rental models in personal and homecare settings.
Product Segment Analysis: Durable Medical Equipment (Largest Segment) vs Surgical Equipment (Fastest-Growing Segment)
Holding the largest share of the medical equipment rental market in 2026, durable medical equipment benefits from its broad utilization across patient care, rehabilitation, mobility support, and home-based treatment. Rental arrangements are particularly valuable for equipment that can involve significant acquisition and maintenance costs, allowing healthcare providers and patients to access essential devices while improving financial flexibility. Continued demand for long-term and supportive medical care further reinforces the importance of durable equipment within rental portfolios.
Surgical equipment is emerging as the fastest-growing product segment as healthcare providers increasingly seek flexible access to specialized equipment required for surgical procedures. Rental models can help facilities manage changing procedure volumes, accommodate temporary capacity requirements, and access advanced equipment without committing to permanent ownership. The growing emphasis on efficient capital allocation and adaptable surgical infrastructure is therefore supporting stronger adoption of rented surgical equipment.
| Segment | Sub-Segment | Largest Segment | Fastest Growing |
|---|---|---|---|
| End-use | Personal/Homecare, Institutes and Laboratories, Hospitals | Hospitals | Personal/Homecare |
| Product | Surgical Equipment, Durable Medical Equipment, Storage and Transport | Durable Medical Equipment | Surgical Equipment |
Competitive Landscape and Market Positioning
Major players in the medical equipment rental market:
1. Agiliti Inc. (United States)
2. Hillrom Holdings Inc. (United States)
3. Owens & Minor Inc. (United States)
4. Apria Healthcare Group Inc. (United States)
5. Lincare Holdings Inc. (United States)
6. Rotech Healthcare Inc. (United States)
7. Med One Group (United States)
8. Universal Hospital Services Inc. (United States)
9. Siemens Financial Services GmbH (Germany)
10. Woodley Equipment Company Ltd. (United Kingdom)
The medical equipment rental market is gaining traction as healthcare providers seek cost-efficient alternatives to equipment ownership and long-term capital investments. Rental service providers are expanding portfolios with technologically advanced devices and maintenance support solutions to improve healthcare accessibility. Rising demand for temporary care facilities and home healthcare services is further driving growth within the medical equipment rental market.
| Company | Market Share | Company Revenue | Revenue CAGR (%) | Product Portfolio | Geographic Presence | Innovation / R&D Focus | Strategic Developments |
|---|---|---|---|---|---|---|---|
| Agiliti Inc. (United States) | |||||||
| Hillrom Holdings Inc. (United States) | |||||||
| Owens & Minor Inc. (United States) | |||||||
| Apria Healthcare Group Inc. (United States) | |||||||
| Lincare Holdings Inc. (United States) | |||||||
| Rotech Healthcare Inc. (United States) | |||||||
| Med One Group (United States) | |||||||
| Universal Hospital Services Inc. (United States) | |||||||
| Siemens Financial Services GmbH (Germany) | |||||||
| Woodley Equipment Company Ltd. (United Kingdom). |
Industry Development/News
| Company Name | Date | Key Development |
|---|---|---|
| Siemens | Nov-22 | The medical technology manufacturer executed a multi-year value partnership agreement valued at USD 140 million to supply advanced medical equipment and imaging technology to Atrium Health, improving healthcare delivery in underserved regions. |
| Stryker | 2021 | The global medical technology enterprise scaled its regional engineering and commercial operational infrastructure by expanding its physical office footprint within the International Tech Park in Gurugram, India. |
Customize Your Report
Explore examples of how this report can be tailored to different research needs, including custom segments, additional topics or chapters, and related reports. Click a section of the wheel or its numbered marker to explore the available options.
Medical Equipment Rental Market — Custom Segments
| Segment | Sub-Segment |
|---|---|
| Rental Duration | Short-Term Rental, Medium-Term Rental, Long-Term Rental |
| Service Model | Equipment-Only Rental, Rental With Maintenance Services, Managed Equipment Services |
| Rental Channel | Direct Rental Providers, Medical Equipment Distributors, Online Rental Platforms |
Medical Equipment Rental Market — Custom
| Custom Chapter | Custom Details |
|---|---|
| Healthcare Equipment Leasing and Rental Decision Framework |
|
| Home Healthcare Rental Demand Assessment |
|
| Circular Economy and Medical Equipment Refurbishment Outlook |
|
Need a different cut of the data?
Request Custom ResearchHow big is the medical equipment rental market?
How is the medical equipment rental industry projected to perform over the next decade?
Why are healthcare providers shifting from equipment ownership to rental models?
How is medical device innovation strengthening demand for rental services?
Why do hospitals represent the largest end-use segment in the medical equipment rental market?
Why is personal and homecare the fastest-growing end-use segment in the medical equipment rental market?
Why does North America dominate the medical equipment rental market?
What is driving Asia Pacific’s fastest growth in the medical equipment rental market?
Who are the major participants shaping the medical equipment rental landscape?
Our Clients
"The reports offered a comprehensive view of the Food and Beverage landscape, covering market trends, consumer behavior, and competitive dynamics."
"Our experience in acquiring market research reports has been outstanding — the depth of analysis and actionable insights have proven invaluable."
"Fundamental Business Insights demonstrated a keen understanding of our business needs, delivering reports tailored to our specific objectives."
Our Research Team & Methodology
Every Fundamental Business Insights report is built by a dedicated vertical research team, validated through a structured primary-and-secondary methodology, and reviewed for accuracy before it reaches you.
Research Team Overview
Prepared by the Healthcare & Medical Devices Research Team
Delivery
Published
Demand
Available
Support
Trust & Compliance
Research Domains
10 coverage areasResearch Intelligence
Research Workflow & Quality Assurance
Data Collection
Verified information gathered through primary and secondary research.
Data Triangulation
Cross-validation using multiple independent data sources.
Forecast Modelling
Market estimates developed using historical trends and analytical models.
Analyst Validation
Findings reviewed by domain experts for accuracy and consistency.
Editorial & Quality Review
Final editorial, quality, and compliance checks before publication.
Final Publication
Released after successful completion of the internal review process.
Report Coverage
📊 Market Assessment
- Market Size & Forecast
- Market Segmentation
- Regional Analysis
- Growth Drivers & Challenges
- Market Dynamics
🏢 Competitive Intelligence
- Competitive Landscape
- Company Profiles
- Competitive Benchmarking
- Mergers & Acquisitions
- Market Share Analysis or Key Company Strategies
🔍 Strategic Analysis
- Value Chain Analysis
- Porter's Five Forces
- PESTLE Analysis
- Pricing Trends
- Supply-Demand Analysis
🚀 Future Outlook
- Technology Landscape
- Regulatory Landscape
- Investment & Funding Landscape
- Emerging Opportunities
- Future Market Outlook
Have a question about this report or need a custom scope?
Request Customization