4.8.7.3Vertical

Medical Equipment Rental & Leasing

Companies renting and leasing clinical equipment to healthcare facilities.

Market snapshot

These figures describe Medical Equipment Services & Repair (4.8.7), the segment that Medical Equipment Rental & Leasing sits within. They are not figures for Medical Equipment Rental & Leasing on its own.

Market size
~$5.9B
Growth
~7.6%CAGR (2017–22, nominal)
Companies
~485 firms
Firms by employee count

69.1% of firms have fewer than 20 employees: 335 micro-businesses, below most mandates.

The investable universe150 firms with 20+ employees
20–99
8959%
100–499
3221%
500+
2919%

broader biomedical service and HTM span other classifications.

NAICS 532283. U.S. Census Bureau, 2022 Statistics of U.S. Businesses; U.S. Census Bureau, 2022 Economic Census.

Business model & economics

Revenue model

Service contracts, repair, and equipment-rental fees

Key economics

Revenue per firm
$12,142,575
Revenue per employee
$217,786
Employees per firm
51.2
Recurring revenue
High

recurring service and rental

EBITDA margin
15–25%
Capex intensity
Moderate

Characteristics

  • Scale-driven: payroll is only 24% of revenue, so the cost base is assets, not headcount
  • Moderate strategic-buyer pool: 29 firms exceed 500 employees, so a scaled asset has buyers, but not many
  • Keeps the installed base of medical equipment running.
  • Cost pressure to extend equipment life drives demand.
  • Outsourcing of biomedical engineering and HTM.

NAICS 532283. U.S. Census Bureau, 2022 Statistics of U.S. Businesses; U.S. Census Bureau, 2022 Economic Census.

Geographic concentration

AlabamaAlaskaArizonaColoradoGeorgiaIndianaKansasMaineMassachusettsMinnesotaNew JerseyNorth CarolinaNorth DakotaOklahomaPennsylvaniaSouth DakotaWyomingConnecticutMissouriWest VirginiaIllinoisNew MexicoArkansasCaliforniaDelawareDistrict of ColumbiaHawaiiIowaKentuckyMarylandMichiganMississippiMontanaNew HampshireNew YorkOhioOregonTennesseeUtahVirginiaWashingtonWisconsinNebraskaSouth CarolinaIdahoNevadaVermontLouisianaRhode IslandFloridaTexas

By firm count, medical-equipment rental and service shows only a mild Sunbelt tilt toward Florida and Texas, tracking the healthcare installed base rather than any distinctive manufacturing or refurbishment cluster.

FloridaTexas

U.S. Census Bureau, 2022 Statistics of U.S. Businesses (firms by state), NAICS 532283. Concentration shown by location quotient.

M&A deal context

Deal activityModerate

Who’s acquiring

  • Independent service organizations
  • OEM service arms
  • PE-backed services consolidators

What’s driving deals

  • Consolidation of independent service organizations.
  • Equipment-life-extension and outsourcing demand.
  • Recurring service-and-rental economics.

Find Medical Equipment Rental & Leasing acquisition targets

Search Acquisera’s index for companies classified under Medical Equipment Rental & Leasing (4.8.7.3) and build a targeted deal pipeline.

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