Latest News- Healthcare Equipment Leasing Market: Hospitals is expected to lead the End-user segment during 2024-2028

The Healthcare Equipment Leasing Market is being driven by High cost of healthcare equipment

The Healthcare Equipment Leasing Market is expected to grow at a CAGR of 8.23% during 2023 and 2028. During this period, the market is also expected to show a growth of USD 28.41 billion. The healthcare equipment leasing market is experiencing significant growth in the current business landscape. With the leasing industry surpassing the trillion-dollar (US) mark, it presents a lucrative opportunity for equipment leasing and financing companies. The trend towards Uberization, driven by increasing demand for flexibility, affordability, and convenience, is expected to further fuel the growth of this market. Key players in the healthcare manufacturing sector are entering the leasing market, adding to the market's dynamism. Asset financing remains a popular choice for acquiring medical equipment due to its financial advantages. The market is highly fragmented, with numerous players vying for market share, making it an intriguing space for business expansion.

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Which Factors Are Causing a Surge in Market Growth?

The market is segmented based on

End-user
- Hospitals
- Diagnostic centers
- Clinics
- Ambulatory Surgical Centers (ASCs)
- Home Care Providers
- Research Laboratories
- Long-Term Care Facilities
Product
- Durable medical equipment
- Surgical and therapy equipment
- Personal and home-care equipment
- Digital and electronic equipment
- Storage and transport equipment
- Medical Imaging Equipmen
- Patient Monitoring Equipment
- Laboratory Equipment
Lease Type
- New Equipment
- Used/Refurbished Equipment
Service Model
- Full Leasing
- Pay-Per-Use
Geography
- North America
  - Canada
  - US
- Europe
  - Germany
  - UK
  - France
  - Italy
- Asia
  - China
  - Japan
  - South Korea
- Rest of World (ROW)

According to Technavio, There are several factors that are causing the market to flourish during the forecast period, which are as follows:

High cost of healthcare equipment
Growing demand for equipment leasing from low-budget healthcare facilities
Continuous technological advances coupled with shorter product lifecycles

However, the market also witnesses some limitations, which are as follows:

Growing popularity of refurbished healthcare equipment
Intense competition between key players and healthcare equipment manufacturers
Aggressive marketing strategies by OEMs to boost sales of new healthcare equipment

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Market Scope in Healthcare Equipment Leasing Market Research Report

Market Scope
Report Coverage	Details
Page number	178
Base year	2023
Historic period	2018-2022
Forecast period	2024-2028
Growth momentum & CAGR	Accelerate at a CAGR of 8.23%
Market growth 2024-2028	USD 28.41 billion
Market structure	market_structure.ucfirst
YoY growth 2023-2024(%)	7.41
Key countries	US, Germany, UK, France, China, Japan, Canada, Italy, South Korea, Australia, Brazil, UAE, Rest of World(ROW), US, Germany, UK, France, and China
Competitive landscape	Leading Companies, Market Positioning of Companies, Competitive Strategies, and Industry Risks

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Research Analysis Overview

The Healthcare Equipment Leasing Market encompasses various aspects of medical equipment management, including procurement, maintenance, disposal, and leasing. Key trends include precision medicine, personalized healthcare, cloud-based solutions, cybersecurity, telemedicine, wearable tech, and population health management. Value-based payment models, hospital efficiency, clinical workflow optimization, patient engagement, and experience are also significant factors. Equipment lifecycle management, replacement strategies, innovation, and financing options are crucial for healthcare organizations. Regulations such as HIPAA, data protection, and medical device compliance are essential considerations, as well as equipment warranty and lease terms, rates, and residual value. Equipment financing risk is another important factor in the healthcare industry.

Market Research Overview

The healthcare equipment leasing market is a significant segment of the global healthcare equipment industry, encompassing medical equipment rental, medical device leasing, hospital equipment leasing, clinical equipment leasing, and surgical equipment leasing. According to Technavio, this market is a subsegment of the larger global healthcare equipment market, which includes companies and products involved in the research and development (R&D) of various categories, such as capital equipment, instruments, implants, accessories, and consumables. These products are utilized for the diagnosis, monitoring, and treatment of numerous health conditions. The global healthcare equipment market, valued at USD395.63 billion in 2023, is calculated based on the combined revenue generated by manufacturers of diagnostic imaging equipment, surgical devices, and other medical technology.. Industries are leveraging the products belonging to the market for customer engagement, transactional notifications, and promotional offers.

Contacts

Technavio Research
Jesse Maida
Media & Marketing Executive
US: +1 844 364 1100
UK: +44 203 893 3200
Email: media@technavio.com
Website: www.technavio.com/

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