Latest News- Healthcare Equipment Leasing Market: Hospitals is expected to lead the End-user segment during 2025-2029

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 8.3% during 2024 and 2029. During this period, the market is also expected to show a growth of USD 30913.5 million. The healthcare equipment leasing market is experiencing significant growth in the current business landscape. With the leasing industry surpassing the trillion-dollar (US) threshold, it continues to thrive and generate substantial profits. The trend towards Uberization, driven by three primary factors, is expected to fuel the demand for leasing medical equipment on a larger scale. Key manufacturers' entry into the global healthcare equipment leasing sector will further accelerate market expansion. Asset financing, an attractive option for acquiring medical equipment, is increasingly popular due to its flexibility and financial benefits. The market exhibits a high degree of fragmentation, with numerous players competing for market share. 

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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
  • Others
• Product
  • Durable medical equipment
  • Surgical and therapy equipment leasing
  • Personal and home-care equipment
  • Digital and electronic equipment leasing
  • Storage and transport equipment leasing
• Type
  • New equipment
  • Refurbished equipment
• Geography
  • North America
    • Canada
    • US
  • Europe
    • Germany
    • UK
    • France
  • Asia
    • China
    • India
    • 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

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Research Analysis Overview

In the realm of healthcare, leasing solutions encompass medical device leasing and healthcare technology leasing, providing financial alternatives to procurement. These leasing options include equipment rental services, maintenance contracts, and technology-enabled leasing, facilitated by digital leasing platforms. Healthcare analytics, predictive maintenance, and remote equipment monitoring are integral components, promoting green healthcare initiatives, equipment compliance, cybersecurity, and lease optimization. Equipped with these tools, healthcare organizations enhance patient outcomes, operational efficiency, innovation, digital transformation, connected healthcare, automation, virtual care, precision medicine, personalized healthcare, population health management, and value-based healthcare.

Market Research Overview

The Healthcare Equipment Leasing Market is a significant segment of the global healthcare equipment industry, according to Technavio's market research. This market encompasses medical equipment leasing contracts and rental agreements for healthcare facilities. The leasing of advanced imaging equipment, diagnostic devices, and surgical instruments falls under this category. Technavio's analysis of the global healthcare equipment market includes manufacturers of various diagnostic equipment and devices, generating revenue across diverse therapy areas. The healthcare equipment market consists of several segments, including Devices, which covers advanced, differentiated, and clinically tested data-driven devices used for disease diagnosis, monitoring, and treatment.. Industries are leveraging the products belonging to the market for customer engagement, transactional notifications, and promotional offers.

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