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 overall leasing industry surpassing the trillion-dollar (US) threshold, the trend of equipment leasing and financing continues to thrive. Three primary factors are driving this growth in the healthcare sector: the increasing preference for flexible financing options, the entry of major medical equipment manufacturers, and the Uberization of healthcare services. Asset financing remains a popular choice for acquiring medical equipment due to its affordability and flexibility. The market is characterized by a high degree of fragmentation, with numerous players vying 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 Healthcare Equipment Leasing Market, contract terms dictate the length of leases and renewal options, while healthcare technology upgrades drive medical device procurement. Lease contracts include residual value assessments, equipment refurbishment processes, and asset valuation methods. Lease accounting standards and tax implications are crucial considerations. Insurance coverage options and risk mitigation strategies ensure protection. Vendor management programs, contract performance metrics, and equipment replacement cycles manage operational downtime. Technology integration support, service level guarantees, and equipment relocation services facilitate smooth transitions. Compliance audit processes, security protocols, and data privacy regulations ensure regulatory adherence. Maintenance cost analysis, equipment disposal methods, environmental regulations, and sustainability initiatives address long-term cost and sustainability concerns.

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 lease, healthcare technology rental, diagnostic imaging lease, and surgical equipment rental. Technavio sizes the global healthcare equipment market by aggregating the revenues of manufacturers producing advanced, differentiated, and clinically tested devices used in various therapy areas, which falls under the broader category of capital equipment, instruments, implants, accessories, and consumables in the healthcare sector.. 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/