Overview and Scope
Healthcare equipment leasing is a financial arrangement that allows medical facilities to rent equipment instead of purchasing it outright. This approach helps hospitals, clinics, and other healthcare providers access the latest technology without the significant upfront costs. This leasing process provides flexibility, enabling facilities to upgrade to newer models as technology advances. It also aids in managing cash flow and preserving capital for other critical expenditures.
Sizing and Forecast
The healthcare equipment leasing market size has grown strongly in recent years. It will grow from $54.38 billion in 2023 to $59.58 billion in 2024 at a compound annual growth rate (CAGR) of 9.6%. The growth in the historic period can be attributed to the increased focus on supply chain efficiency, rise in personalized medicine, growth in veterinary healthcare, rise in demand for rehabilitation equipment, and rise in outpatient services.
The healthcare equipment leasing market size is expected to see strong growth in the next few years. It will grow to $86.42 billion in 2028 at a compound annual growth rate (CAGR) of 9.7%. The growth in the forecast period can be attributed to the rising number of hospitals and clinics, rising companies for medical equipment lease, increasing demand for advanced medical equipment, increasing costs of medical equipment, and growing healthcare infrastructure. Major trends in the forecast period include sustainability, telehealth and remote monitoring, data security and integration, equipment utilization optimization, adoption of value-based care models, and specialized equipment leasing.
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Segmentation & Regional Insights
The healthcare equipment leasing market covered in this report is segmented –
1) By Device Type: Personal And Homecare Leasing Equipment, Digital And Electronic Equipment, Surgical And Therapy Leasing Equipment, Durable Medical Equipment (DME), Storage And Transport Leasing Equipment, Other Device Types
2) By Device Finance Type: New Medical Equipment, Rental Equipment, Refurbished Equipment, Other Device Finance Types
3) By End-User: Ambulatory Surgical Services, Hospitals, Homecare, Laboratory And Diagnostic Centers, Other End Users
North America was the largest region in the healthcare equipment leasing market in 2023. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the healthcare equipment leasing market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
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Major Driver Impacting Market Growth
The rising number of hospitals is expected to fuel the growth of the healthcare equipment leasing market going forward. Hospitals refer to healthcare facilities that provide medical care and treatment to patients. A combination of demographic changes drives the need for hospitals, the rise in chronic diseases, population growth, increased health awareness, and expanded health insurance coverage. Hospitals create a need for healthcare equipment leasing due to the continuous demand for advance medical technology. For instance, in May 2021, according to the American Hospital Association, a US-based organization of hospitals, healthcare networks, and patients, the number of US community hospitals increased from 5,139 in 2020 to 5,157 in 2021, and the number of rural hospitals rose from 1,796 to 1,800 during the same period. Therefore, the rising number of hospitals and clinics is driving the growth of the healthcare equipment leasing market.
Key Industry Players
Major companies operating in the healthcare equipment leasing market are McKesson Corporation, Stryker Corporation, Far East Horizon Limited, Hill-Rom Holdings Inc., Getinge AB, Genertec Universal Medical Group, Encore Medical Capital, Agiliti Inc., CWB Financial Group, Meridian Group International Inc., Crossroads Equipment Lease and Finance, AvTech Capital LLC, United Leasing & Finance, Med One Group, Providence Capital Funding Inc., Lease Corporation of America, Dext Capital LLC, Crest Capital, Oak Leasing Ltd, Madison Capital LLC, National Technology Leasing Corp, Insight Financial Services, Liberty Capital Group
The healthcare equipment leasing market report table of contents includes:
1. Executive Summary
2. Healthcare Equipment Leasing Market Characteristics
3. Healthcare Equipment Leasing Market Trends And Strategies
4. Healthcare Equipment Leasing Market – Macro Economic Scenario
5. Global Healthcare Equipment Leasing Market Size and Growth
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32. Global Healthcare Equipment Leasing Market Competitive Benchmarking
33. Global Healthcare Equipment Leasing Market Competitive Dashboard
34. Key Mergers And Acquisitions In The Healthcare Equipment Leasing Market
35. Healthcare Equipment Leasing Market Future Outlook and Potential Analysis
36. Appendix
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