The Global Medical Equipment Rental and Financing Services Market was valued at USD 25.98 Billion in 2023 and is projected to reach USD 44.27 Billion by 2032, growing at a Compound Annual Growth Rate (CAGR) of 6.10% during the forecast period (2023–2032). This growth is being driven by escalating healthcare costs, the rising demand for flexible financing options in medical facilities, an aging global population, and the increasing adoption of home-based care solutions that require accessible equipment without large upfront investments.
As the healthcare sector evolves toward more cost-effective and patient-centered models, the focus turns to service providers who enable seamless access to vital medical devices through rentals and financing. In this blog, we profile the Top 10 Companies in the Medical Equipment Rental and Financing Services Industry—a blend of established medical device manufacturers, specialized rental firms, and financial service leaders facilitating global healthcare delivery.
🔟 1. Hill-Rom Holdings Inc.
Headquarters: Chicago, Illinois, USA
Key Offering: Rental of hospital beds, patient monitoring systems, and financing for therapeutic equipment
Hill-Rom Holdings Inc., a Baxter International Company, stands as a prominent player in providing rental services for critical care equipment worldwide. Their portfolio supports hospitals, long-term care facilities, and home health providers by offering short- and long-term rentals of advanced beds and mobility aids, ensuring rapid deployment during surges in demand such as pandemics or seasonal illnesses.
Strategic Initiatives:
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Expansion of rental fleets with connected smart beds for real-time monitoring
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Partnerships with healthcare providers for customized financing plans
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Investment in digital platforms for streamlined equipment tracking and maintenance
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9️⃣ 2. Stryker Corporation
Headquarters: Kalamazoo, Michigan, USA
Key Offering: Rental and leasing of surgical equipment, orthopedics, and financing for endoscopy devices
Stryker Corporation excels in the rental of high-end surgical and orthopedic tools, serving operating rooms and rehabilitation centers globally. With a strong emphasis on innovation, they provide flexible rental models that allow healthcare providers to access cutting-edge technology without tying up capital, particularly beneficial for elective procedures and emergency responses.
Strategic Initiatives:
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Global rollout of rental programs for robotic-assisted surgery systems
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Collaborations with insurers to integrate financing into reimbursement models
8️⃣ 3. Getinge AB
Headquarters: Gothenburg, Sweden
Key Offering: Rental of sterilization equipment, ventilators, and financing for intensive care units
Getinge AB is a key European leader in renting life-support and infection control equipment, catering to hospitals and clinics across continents. Their services ensure compliance with stringent hygiene standards while offering cost-saving alternatives to outright purchases, especially in resource-limited settings or during infrastructure upgrades.
Strategic Initiatives:
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Development of subscription-based rental models for ICU ventilators
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Strategic financing partnerships to support emerging markets in Asia-Pacific
7️⃣ 4. Siemens Financial Services Inc.
Headquarters: Iselin, New Jersey, USA
Key Offering: Comprehensive financing for imaging equipment rentals, including MRI and CT scanners
Siemens Financial Services Inc. specializes in tailored financing solutions for diagnostic imaging rentals, enabling healthcare facilities to upgrade technology swiftly. As part of Siemens Healthineers, they bridge the gap between innovation and affordability, supporting a wide array of medical centers from urban hospitals to rural clinics.
Strategic Initiatives:
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Introduction of green financing for energy-efficient equipment rentals
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Expansion of digital lending platforms for faster approval processes
Download FREE Sample Report: Medical Equipment Rental and Financing Services Market – View in Detailed Research Report
6️⃣ 5. Universal Hospital Services Inc. (UHS)
Headquarters: Edina, Minnesota, USA
Key Offering: Nationwide rental of hospital beds, stretchers, and financing for mobility devices
Universal Hospital Services Inc. operates one of the largest rental fleets in North America, focusing on acute care equipment to meet fluctuating hospital needs. Their model emphasizes rapid delivery and maintenance, helping providers manage inventory efficiently and reduce operational downtime.
Strategic Initiatives:
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Integration of IoT for predictive maintenance in rental assets
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Financing options tied to usage-based payments for cost predictability
5️⃣ 6. GE Healthcare
Headquarters: Chicago, Illinois, USA
Key Offering: Rental and financing of diagnostic imaging, patient monitoring, and ultrasound equipment
GE Healthcare leads with a vast portfolio of rentable advanced imaging and monitoring solutions, serving diverse applications from cardiology to oncology. Their financing arms provide lease-to-own structures that align with healthcare budgets, fostering technology adoption in both developed and developing regions.
Strategic Initiatives:
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Launch of asset management services for optimized rental utilization
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Targeted expansions in homecare rentals for chronic disease management
4️⃣ 7. Woodley Equipment Company Ltd.
Headquarters: Bolton, Lancashire, UK
Key Offering: Rental of diagnostic and therapeutic devices, including ECG machines and infusion pumps
Woodley Equipment Company Ltd. is a trusted UK-based provider extending rentals across Europe, specializing in primary care and community health settings. They offer competitive financing to small clinics, ensuring equitable access to essential diagnostic tools without financial strain.
Strategic Initiatives:
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Enhancement of online rental portals for seamless ordering
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Focus on sustainable practices like equipment refurbishment programs
3️⃣ 8. Nunns Home Medical Equipment
Headquarters: Salt Lake City, Utah, USA
Key Offering: Home rental services for mobility aids, oxygen therapy, and financing for durable medical equipment
Nunns Home Medical Equipment focuses on the growing homecare segment, providing rentals that support aging-in-place initiatives. Their localized approach ensures quick setup and training, complemented by financing plans that make long-term home therapy affordable for patients and families.
Strategic Initiatives:
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Partnerships with telehealth providers for integrated rental solutions
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Expansion of insurance-covered financing options
Download FREE Sample Report: Medical Equipment Rental and Financing Services Market – View in Detailed Research Report
2️⃣ 9. Westside Medical Supply
Headquarters: Los Angeles, California, USA
Key Offering: Rental of wound care, respiratory equipment, and flexible financing for home health devices
Westside Medical Supply serves the Western U.S. with specialized rentals for post-acute care, emphasizing respiratory and wound management tools. Their financing services help bridge coverage gaps, allowing patients to receive uninterrupted care at home while controlling costs effectively.
Strategic Initiatives:
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Implementation of mobile apps for rental tracking and support
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Growth in partnerships with home health agencies for bundled services
1️⃣ 10. All American Medical Supply Corp.
Headquarters: New York, New York, USA
Key Offering: Comprehensive rental and financing for personal mobility, monitoring devices, and hospital-grade equipment
All American Medical Supply Corp. tops the list with its extensive network providing rentals nationwide, from wheelchairs to advanced monitors. As a full-service provider, they offer end-to-end financing, including leasing programs that cater to both institutional and individual needs, driving efficiency in healthcare delivery.
Strategic Initiatives:
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Investment in AI-driven inventory management for rentals
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Broadening financing accessibility through fintech collaborations
Read Full Report: Medical Equipment Rental and Financing Services Market – View in Detailed Research Report
🌍 Outlook: The Future of Medical Equipment Rental and Financing Services Is Flexible and Accessible
The medical equipment rental and financing market is experiencing significant transformation. While traditional purchasing remains common in large institutions, there’s a clear shift toward flexible models that optimize capital and enhance patient outcomes through quicker access to technology. Providers are channeling resources into digital tools, sustainable practices, and expanded homecare options to meet evolving demands.
📈 Key Trends Shaping the Market:
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Surge in homecare rentals driven by aging populations and post-pandemic preferences
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Regulatory incentives for financing green and energy-efficient medical devices by 2030
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Digitalization of rental platforms with AI for predictive needs and asset utilization
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Strategic alliances between equipment makers and financial institutions for bundled services
Market Trends Affecting Medical Equipment Rental and Financing Services
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Integration of telehealth and remote monitoring rentals — With the rise of virtual care, companies are bundling equipment rentals with software subscriptions, simplifying access for patients in remote areas and reducing the need for frequent facility visits.
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Focus on sustainable and refurbished equipment — Providers are increasingly offering certified refurbished devices through rental programs to lower environmental impact and costs, aligning with global ESG standards and appealing to budget-conscious healthcare networks.
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Expansion of usage-based financing models — Flexible payment structures tied to actual usage are gaining traction, particularly for high-cost items like imaging machines, allowing providers to scale investments based on patient volume and outcomes.
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Growth in emerging markets through localized financing — In regions like Asia-Pacific and Latin America, tailored micro-financing options are enabling smaller clinics to rent advanced equipment, bridging infrastructure gaps and boosting market penetration.
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Adoption of blockchain for supply chain transparency — Some leaders are piloting blockchain to track rental equipment lifecycles, ensuring compliance, reducing fraud in financing, and improving trust among stakeholders in the healthcare ecosystem.
Read Full Report: Medical Equipment Rental and Financing Services Market – View in Detailed Research Report
The companies listed above are not only equipping healthcare systems—they’re pioneering the flexible future of medical accessibility worldwide.