Industry Statistics and Trends
Market size and recent performance (2015-2030)
Industry revenue has grown at a CAGR of 1.5 % over the past five years, to reach an estimated $5.7bn in 2025.
Trends and Insights
Older adults' preference for home-based care strengthen demand
- A combination of trends is raising demand for home medical equipment rentals: a growing number of adults 65 and older, more people with chronic diseases and a strong preference for aging at home instead of moving to care, directly impacting how home medical equipment companies operate.
- Additional trends and insights available with purchase
Source: IBISWorld
Industry outlook (2025-2030)
Market size is projected to grow over the next five years.
Trends and Insights
Medicaid cuts threaten access to home equipment rentals
- Home medical equipment (HME) rental providers are facing significant changes because of recent shifts in Medicare and Medicaid policies. Cuts in Medicaid coverage will reduce the number of eligible patients, putting pressure on providers who depend on a steady base of covered customers. While these changes will take effect gradually over several years, providers are preparing for increased financial strain, possible service cuts and greater challenges in maintaining patient access to rentals.
Biggest companies in the Home Medical Equipment Rentals in the US
| Company | Market Share (%)
2025 | Revenue
2025 | Profit
2025 | Profit Margin (%)
2025 |
|---|
There are no companies that hold a market share exceeding 5% in the Home Medical Equipment Rentals in the US industry.
Products & Services Segmentation
Source: IBISWorld
Industry revenue is measured across several distinct product and services lines, including Oxygen and respiratory therapy equipment, Mobility aid equipment and Diabetic therapy equipment . Oxygen and respiratory therapy equipment is the largest segment of the Home Medical Equipment Rentals in the US.
Trends and Insights
Rentals of oxygen and respiratory therapy equipment stay in high demand
- Equipment rented in this segment includes oxygen concentrators and liquid oxygen systems. Oxygen concentrators are stationary, three-foot-tall units that provide a continuous flow of oxygen by filtering ordinary room air. The device removes nitrogen from the air, leaving concentrated oxygen, which it delivers through a clear tube under the nose. Concentrators are the most common source of stationary oxygen.
- More insights available in the full report
Table of Contents
About this industry
Industry definition
Home medical equipment rental companies temporarily rent medical devices and supplies in a patient's home. The industry caters to individuals who need medical equipment for a limited period because of illness, injury or post-surgery recovery.
What's included in this industry?
Products and services covered in the Home Medical Equipment Rentals industry in the United States include Oxygen and respiratory therapy equipment rental, Mobility aid equipment rental, Diabetic therapy equipment rental and Other home medical equipment rental.Companies
Companies covered in the Home Medical Equipment Rentals industry in the United States include .Purchase this report to view all major companies in this industry.
Related Terms
Related terms covered in the Home Medical Equipment Rentals industry in the United States include oxygen concentrator, electric scooter and standard wheelchair.Industry Code
NAICS 532283 - Home Medical Equipment Rentals in the US
Performance
Get an indication of the industry's health through historical, current and forward-looking trends in the performance indicators that make or break businesses.
Analyst insights
Aging-in-place preferences support a resilient rental base. A growing share of older adults prefer receiving care at home, supported by hospital-at-home programs and enabling...
In this chapter (4)
- Current Performance
- Outlook
- Volatility
- Life Cycle
Key metrics
- Annual Revenue, Recent Growth, Forecast, Revenue Volatility
- Number of Employees, Recent Growth, Forecast, Employees per Business, Revenue per Employee
- Number of Businesses, Recent Growth, Forecast, Employees per Business, Revenue per Business
- Total Profit, Profit Margin, Profit per Business
Charts
- Revenue, including historical (2015-2024) and forecast (2025-2030)
- Employees, including historical (2015-2024) and forecast (2025-2030)
- Businesses, including historical (2015-2024) and forecast (2025-2030)
- Profit, including historical (2015-2025)
- Industry Volatility vs. Revenue Growth
- Industry Life Cycle
Detailed analysis
- Trends in supply, demand and current events that are driving current industry performance
- Expected trends, economic factors and ongoing events that drive the industry's outlook
- Key success factors for businesses to overcome volatility
- How contribution to GDP, industry saturation, innovation, consolidation, and technology and systems influence the industry's life cycle phase.
Products and Markets
Learn about an industry's products and services, markets and trends in international trade.
Analyst insight
Financial pressures at hospitals are fueling demand for rental solutions. Budget constraints and capital spending limits make renting medical equipment a more attractive opti...
In this chapter
- Products & Services
- Major Markets
Key metrics
- Largest market segment and value in 2025
- Product innovation level
Charts
- Products & services segmentation in 2025
- Major market segmentation in 2025
Detailed analysis
- Trends impacting the recent performance of the industry's various segments
- Innovations in the industry's product or service offering, specialization or delivery method
- Key factors that successful businesses consider in their offerings
- Buying segments and key trends influencing demand for industry products and services
Geographic Breakdown
Discover where business activity is most concentrated in an industry and the factors driving these trends to find opportunities and conduct regional benchmarking.
Analyst insights
California has the highest concentration of home medical equipment providers. Its large population, aging demographics and extensive healthcare infrastructure sustain high ba...
In this chapter (1)
- Business Locations
Charts
- Share of revenue, establishment, wages and employment in each state
- Share of population compared to establishments in each region in 2025
Tables
- Number and share of establishments in each state in 2025
- Number and share of revenue each state accounts for in 2025
- Number and share of wages each state accounts for in 2025
- Number and share of employees in each state in 2025
Detailed analysis
- Geographic spread of the industry across North America, and trends associated with changes in the business landscape
- Key success factors for businesses to use location to their advantage
Competitive Forces
Get data and insights on what's driving competition in an industry and the challenges industry operators and new entrants may face, with analysis built around Porter's Five Forces framework.
Analyst insights
Rising consolidation is concentrating market share among larger home medical equipment providers. Well-capitalized national and regional companies are acquiring smaller, inde...
In this chapter (4)
- Concentration
- Barriers to Entry
- Substitutes
- Buyer & Supplier Analysis
Key metrics
- Industry concentration level
- Industry competition level and trend
- Barriers to entry level and trend
- Substitutes level and trend
- Buyer power level and trend
- Supplier power level and trend
Charts
- Market share concentration among the top 4 suppliers from 2020-2025
- Supply chain including upstream supplying industries and downstream buying industries, flow chart
Detailed analysis
- Factors impacting the industry’s level of concentration, such as business distribution, new entrants, or merger and acquisition activity.
- Key success factors for businesses to manage the competitive environment of the industry.
- Challenges that potential industry entrants face such as legal, start-up costs, differentiation, labor/capital intensity and capital expenses.
- Key success factors for potential entrants to overcome barriers to entry.
- Competitive threats from potential substitutes for the industry’s own products and services.
- Key success factors for how successful businesses can compete with substitutes.
- Advantages that buyers have to keep favorable purchasing conditions.
- Advantages that suppliers have to maintain favorable selling conditions.
- Key success factors for how businesses can navigate buyer and supplier power.
Companies
There are no companies that hold a market share exceeding 5% in the Home Medical Equipment Rentals in the US industry.
Analyst insights
Lincare is the largest company in the industry, capturing more than 10.0% of total revenue. The company is the only player with a significant national scale.
External Environment
Understand the demographic, economic and regulatory factors that shape how businesses in an industry perform.
Analyst insights
Medicare and Medicaid oversight shape the entire business model. Most rental transactions are reimbursed through the Centers for Medicare & Medicaid Services (CMS), which enf...
In this chapter
- External Drivers
- Regulation & Policy
- Assistance
Key metrics
- Regulation & policy level and trend
- Assistance level and trend
Charts
- Regulation & Policy historical data and forecast (2015-2030)
- Assistance historical data and forecast (2015-2030)
Detailed analysis
- Demographic and macroeconomic factors influencing the industry, including Regulation & Policy and Assistance
- Major types of regulations, regulatory bodies, industry standards or specific regulations impacting requirements for industry operators
- Key governmental and non-governmental groups or policies that may provide some relief for industry operators.
Financial Benchmarks
View average costs for industry operators and compare financial data against an industry's financial benchmarks over time.
Analyst insights
Depreciation is a major component of operating costs for equipment rental companies. High upfront investments in regulated medical devices result in capital costs being alloc...
In this chapter
- Cost Structure
- Financial Ratios
- Key Ratios
Key metrics
- Profit margin, and how it compares to the sector-wide margin
- Average wages, and how it compares to the sector-wide average wage
- Largest cost component as a percentage of revenue
- Industry average ratios for days' receivables, industry coverage and debt-to-net-worth ratio
Charts
- Average industry operating costs as a share of revenue, including purchases, wages, depreciation, utilities, rent, other costs and profit in 2025
- Average sector operating costs as a share of revenue, including purchases, wages, depreciation, utilities, rent, other costs and profit in 2025
- Investment vs. share of economy
Data tables
- Industry Multiples (2018-2023)
- Industry Tax Structure (2018-2023)
- Income Statement (2018-2023)
- Balance Sheet (2018-2023)
- Liquidity Ratios (2018-2023)
- Coverage Ratios (2018-2023)
- Leverage Ratios (2018-2023)
- Operating Ratios (2018-2023)
- Cash Flow & Debt Service Ratios (2015-2030)
- Revenue per Employee (2015-2030)
- Revenue per Enterprise (2015-2030)
- Employees per Establishment (2015-2030)
- Employees per Enterprise (2015-2030)
- Average Wage (2015-2030)
- Wages/Revenue (2015-2030)
- Establishments per Enterprise (2015-2030)
- IVA/Revenue (2015-2030)
- Imports/Demand (2015-2030)
- Exports/Revenue (2015-2030)
Detailed analysis
- Trends in the cost component for industry operators and their impact on industry costs and profitability
Key Statistics
Industry Data
Data Tables
Including values and annual change:
- Revenue (2015-2030)
- IVA (2015-2030)
- Establishments (2015-2030)
- Enterprises (2015-2030)
- Employment (2015-2030)
- Exports (2015-2030)
- Imports (2015-2030)
- Wages (2015-2030)
Top Questions Answered
Unlock comprehensive answers and precise data upon purchase. View purchase options.
What is the market size of the Home Medical Equipment Rentals industry in the United States in 2025?
The market size of the Home Medical Equipment Rentals industry in the United States is $5.7bn in 2025.
How many businesses are there in the Home Medical Equipment Rentals industry in the United States in 2025?
There are 1,134 businesses in the Home Medical Equipment Rentals industry in the United States, which has grown at a CAGR of 3.0 % between 2020 and 2025.
How may import tariffs affect the Home Medical Equipment Rentals industry in the United States?
The Home Medical Equipment Rentals industry in the United States is unlikely to be materially impacted by import tariffs with imports accounting for a low share of industry revenue.
How may export tariffs affect the Home Medical Equipment Rentals industry in the United States?
The Home Medical Equipment Rentals industry in the United States is unlikely to be materially impacted by export tariffs with exports accounting for a low share of industry revenue.
Has the Home Medical Equipment Rentals industry in the United States grown or declined over the past 5 years?
The market size of the Home Medical Equipment Rentals industry in the United States has been growing at a CAGR of 1.5 % between 2020 and 2025.
What is the forecast growth of the Home Medical Equipment Rentals industry in the United States over the next 5 years?
Over the next five years, the Home Medical Equipment Rentals industry in the United States is expected to grow.
What does the Home Medical Equipment Rentals industry in the United States include?
Oxygen and respiratory therapy equipment rental and Mobility aid equipment rental are part of the Home Medical Equipment Rentals industry in the United States.
How competitive is the Home Medical Equipment Rentals industry in the United States?
The level of competition is high and increasing in the Home Medical Equipment Rentals industry in the United States.
Methodology
How are IBISWorld reports created?
IBISWorld has been a leading provider of trusted industry research for over 50 years to the most successful companies worldwide. With offices in Australia, the United States, the United Kingdom, Germany and China, we are proud to have local teams of analysts that conduct research, data analysis and forecasting to produce data-driven industry reports.
Our analysts start with official, verified and publicly available sources of data to build the most accurate picture of each industry. Analysts then leverage their expertise and knowledge of the local markets to synthesize trends into digestible content for IBISWorld readers. Finally, each report is reviewed by one of IBISWorld’s editors, who provide quality assurance to ensure accuracy and readability.
IBISWorld relies on human-verified data and human-written analysis to compile each standard industry report. We do not use generative AI tools to write insights, although members can choose to leverage AI-based tools within the platform to generate additional analysis formats.
What data sources do IBISWorld analysts use?
Each industry report incorporates data and research from government databases, industry-specific sources, industry contacts, and our own proprietary database of statistics and analysis to provide balanced, independent and accurate insights.
Key data sources in the US include:
- US Census Bureau
- US Bureau of Labor Statistics
- US International Trade Commission
Analysts also use industry specific sources to complement catch-all sources, although their perspective may focus on a particular organization or representative body, rather than a clear overview of all industry operations. However, when balanced against other perspectives, industry-specific sources provide insights into industry trends.
These sources include:
- Industry and trade associations
- Industry federations or regulators
- Major industry players annual or quarterly filings
Finally, IBISWorld’s global data scientists maintain a proprietary database of macroeconomic and demand drivers, which our analysts use to help inform industry data and trends. They also maintain a database of statistics and analysis on thousands of industries, which has been built over our more than 50-year history and offers comprehensive insights into long-term trends.
How does IBISWorld forecast its data?
IBISWorld’s analysts and data scientists use the sources above to create forecasts for our proprietary datasets and industry statistics. Depending on the dataset, they may use regression analysis, multivariate analysis, time-series analysis or exponential smoothing techniques to project future data for the industry or driver. Additionally, analysts will leverage their local knowledge of industry operating and regulatory conditions to impart their best judgment on the forecast model.
IBISWorld prides itself on being a trusted, independent source of data, with over 50 years of experience building and maintaining rich datasets and forecasting tools. We are proud to be the keystone source of industry information for thousands of companies across the world.
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