Durable Medical Equipment Rental Market Trends

Durable Medical Equipment Rental Market size was valued at USD 27.56 Billion in 2023 and is poised to grow from USD 29.21 Billion in 2024 to USD 46.57 Billion by 2032, growing at a CAGR of 6.00% during the forecast period (2025-2032).

The competitive landscape of the global durable medical equipment (DME) rental market is characterized by the presence of both established players and emerging entrants striving to capture a share of the growing market. Leading companies are focusing on expanding their product portfolios, improving service quality, and leveraging technological advancements to maintain a competitive edge. These players often offer a wide range of DME rental options to cater to various medical needs and preferences. 'Hill-Rom Holdings, Inc. (USA)', 'Stryker Corporation (USA)', 'Arjo AB (Sweden)', 'Medline Industries, Inc. (USA)', 'Invacare Corporation (USA)', 'Sunrise Medical LLC (USA)', 'Drive DeVilbiss Healthcare (USA)', 'DJO Global, Inc. (USA)', 'Compass Health Brands (USA)', 'Permobil AB (Sweden)', 'Linde plc (Ireland)', 'Paramount Bed Co., Ltd. (Japan)', 'GF Health Products, Inc. (USA)', 'Joerns Healthcare (USA)', 'Merits Health Products Co. Ltd. (Taiwan)', 'Medical Depot, Inc. (USA)', 'Agfa-Gevaert Group (Belgium)', 'Mobility Healthcare, Inc. (USA)', 'American HomePatient, Inc. (USA)', 'Levo AG (Switzerland)'

The escalating cost of purchasing and maintaining durable medical equipment (DME) is pushing healthcare organizations and patients toward rental services as a cost-effective solution.

Rise of Subscription Models: Subscription-based DME rental models are gaining popularity, offering patients access to a range of equipment and services for a fixed monthly fee.

In 2022, North America firmly held the reins of the DME rental market, boasting the largest slice of the revenue pie at 32.5%. This commanding position can be attributed to a combination of recent economic deceleration, the burgeoning geriatric population, and the heightened prevalence of lifestyle-related ailments. These factors are expected to collectively contribute to the region's market expansion. Additionally, the surge in governmental initiatives aimed at reining in healthcare expenses is projected to create a favorable environment for market growth.