Durable Medical Equipment Rental Market Report and Forecast 2025-2034

The global durable medical equipment rental market size was valued at USD 35.70 Billion in 2024, driven by the increasing awareness about such services among people across the globe. The market size is anticipated to grow at a CAGR of 5.20% during the forecast period of 2025-2034 to achieve a value of USD 59.27 Billion by 2034.

Durable Medical Equipment Rental: Introduction

Durable medical equipment rental (DME) is used to cure individuals with various medical conditions. It helps a patient perform daily tasks such as wheelchairs, walkers, neck braces, post-surgery protective eyewear, power scooters, and a host of other things. Continuous positive airway pressure (CPAP) machines that help patients in breathing with ease also belong to the category. DMEs are reusable and are suitable for use at home too. These durable medical equipment rentals are services that provide medical equipment to healthcare facilities, organizations, and individuals only on a rental basis or lease-based agreement. The fulfillment of short-term/long-term needs or requirements of individuals or healthcare facilities is the key purpose of such services.

Global Durable Medical Equipment Rental Market Analysis

The market growth is driven by the rising awareness of rental services that help the consumer save a good amount of money on a piece of medical equipment that is required only for a short time span or temporary basis. Companies that manufacture medical equipment are also showing interest in providing such services to healthcare facilities and individuals along with manufacturing.

The expansion of such services by reliable and established names in the market is a major factor driving the global durable medical equipment rental market demand. For example, NanoVibronix, Inc., a medical device company that utilizes their proprietary and patented low-intensity surface acoustic wave (SAW) technology to develop medical devices, officially launched a monthly rental program for its lead products, PainShield and UroShield in May 2023.

This service would be available to patients with a valid prescription on a monthly basis for at-home usage. The company has claimed this service to be affordable for healthcare facilities as well as individuals which will directly contribute to the increased demand for durable medical equipment rental services in the market, bolstering the market growth.

Global Durable Medical Equipment Rental Market Segmentations

Durable Medical Equipment Rental Market Report and Forecast 2025-2034 offers a detailed analysis of the market based on the following segments:

Market Breakup by Duration

• Acute care
• Long term care
• Emergency and Trauma care

Market Breakup by Application

• Personal Mobility Devices
• Bathroom Safety and Medical Furniture
• Monitoring and Therapeutic Devices

Market Breakup by End User

• Personal/Homecare
• Institute and Laboratories
• Hospitals
• Others

Market Breakup by Region

• North America
• Europe
• Asia Pacific
• Latin America
• Middle East and Africa

Global Durable Medical Equipment Rental Market Overview

The growth of the market is driven by the increased preference for home care by individuals. The growing awareness about the availability of such a rental market is a major factor contributing to the market growth. Such services provide the convenience for the customers to rent the medical equipment they need rather than having to buy it, which may involve a huge sum of money as medical equipment is expensive and required for a short period of time.

The durable medical equipment rental market growth is driven by the convenience provided by this service because buying the equipment might not be affordable and convenient for everyone. These services are equally opted by hospital facilities to stay updated with technological advancements taking place in the medical field, contributing to the rising market demand.

Durable Medical Equipment Rental Market: Competitor Landscape

The key features of the market report include patent analysis, grants analysis, clinical trials analysis, funding and investment analysis, partnerships, and collaborations analysis by the leading key players. The major companies in the market are as follows:

• Siemens Financial Services, Inc
• Woodley Equipment Group
• Nunn's Home Medical Equipment Company Ltd.
• Med One Group
• Hill-Rom Holdings Inc.
• Westside Medical Supply
• GE Healthcare
• All American Medical Supply Corp
• Homepro Medical Supplies, LLC
• Universal Hospital Services, Inc
• Getinge AB
• Permobil AB
• Mölnlycke Health Care
• Joerns Healthcare LLC
• Stryker

Please note that this only represents a partial list of companies, and the complete list has been provided in the report.

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