Medical Equipment Rental Market Expected To Expand At A CAGR of 4.4% For The Projected Period From 2018-2025 : Grand View Research Inc.
San Francisco, 26 July 2019: The Report Medical Equipment Rental Market Size, Share & Trends Analysis Report By End Use (Personal, Institutes, Hospitals), By Product (Storage & Transport, Durable, Surgical), And Segment Forecasts, 2018 – 2025 The global medical equipment rental market size is expected to reach USD 64.07 billion by 2025, according to a new report by Grand View Research, Inc., progressing at a CAGR of 4.4% during the forecast period. Expanding base of geriatric and disabled population coupled with rising need for home healthcare products is propelling the market. Rising demand for technologically advanced clinical devices and increasing healthcare expenditure is encouraging R&D activities in the medical devices industry are resulting in launch of expensive variants of medical products. This is anticipated to positively influence the growth of the medical equipment rental market. Dominance of durable medical equipment (DME) can be attributed to in