high cost of healthcare equipment is driving the Healthcare Equipment Leasing Market

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

Technavio analyzes that 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.There are various factors that contribute to the growth of the market. The healthcare industry's reliance on advanced equipment for effective patient care comes with a significant financial burden. The high cost of acquiring and maintaining healthcare equipment poses a challenge for hospitals and clinics, particularly those with limited budgets. Leasing healthcare equipment offers a cost-effective solution, enabling healthcare providers to access the latest technology without the upfront capital expenditure. This financial flexibility allows them to allocate resources towards patient care and other essential operations.

In the healthcare sector, hospitals, particularly smaller ones and government-funded general hospitals, are significant consumers in the global healthcare equipment leasing market. These institutions require up-to-date medical equipment for delivering quality care and maintaining optimal patient outcomes. For smaller hospitals, investing in advanced medical devices, such as ventilators and durable medical equipment, can be financially burdensome. Leasing technologically superior equipment, including mammography devices, offers an economical solution. Government-funded hospitals, meanwhile, often face budget constraints, making leasing an attractive option for accessing essential medical devices through partnerships with financial sponsors or diagnostic centers. By entering into legal agreements, these institutions can secure monthly rental fees for the use of advanced medical equipment, ensuring they remain competitive in delivering quality care. 

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Healthcare Equipment Leasing Market Segmentation

• 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
• Geography
  • North America
  • Europe
  • Asia
  • Rest of World (ROW)

Top Performing Companies

As per our research findings, here are some of the key competitors that are leading the industry

• Agfa Gevaert NV
• Avtech Capital LLC
• Baxter International Inc.
• Blackstone Inc.
• CWB Financial Group
• Dext Capital LLC
• De Lage Landen International BV
• First Citizens Bancshares Inc.
• General Electric Co.
• Koninklijke Philips N.V.
• Lease Corporation of America
• Madison Capital LLC
• Med One Group
• Meridian Group international Inc.
• Mizuho Leasing Co. Ltd.
• National Technology Leasing Corp.
• Oak Leasing Ltd.
• Rotech Healthcare Inc.
• Siemens AG
• Stryker Corp.

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Research Analysis Overview

In the healthcare sector, equipment leasing has become a popular solution for providers and organizations to acquire medical devices and equipment. Leasing models offer flexible financing options for various types of equipment, including medical imaging (MRI machines, CT scanners), surgical, diagnostic, therapeutic, ventilators, durable medical, and laboratory items (chemistry immunoassay analyzers). Legal agreements outline the terms between the lessor and the tenant, specifying monthly rental fees. Financial sponsors facilitate these leases for care homes, private hospitals, and more. Rental equipment includes medical devices such as MRI machines, CT scanners, and ventilators, among others.

Market Research Overview

The healthcare equipment leasing market is a significant segment of the larger global healthcare equipment market. According to Technavio, this market is characterized by various leasing models that enable healthcare providers to access essential medical equipment, such as MRI machines, surgical equipment, medical imaging equipment, and diagnostic equipment, on a flexible, cost-effective basis. The global healthcare equipment market, which encompasses manufacturers of capital equipment, instruments, implants, accessories, and consumables for the diagnosis, monitoring, and treatment of various diseases, was valued at USD395.63 billion in 2023. This market size was determined by Technavio based on the combined revenue generated by manufacturers of various types of diagnostic equipment and devices used across therapy areas.. Industries are leveraging the products belonging to the market for customer engagement, transactional notifications, and promotional offers.

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Technavio Research
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