Global Healthcare Equipment Leasing Market - Focused Insights 2024-2029

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36 charts

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18 countries

39 company

4 segments

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THE GLOBAL HEALTHCARE EQUIPMENT LEASING MARKET WAS VALUED AT USD 53.32 BILLION IN 2023 AND IS EXPECTED TO REACH USD 84.43 BILLION BY 2029, GROWING AT A CAGR OF 7.96% DURING THE FORECAST PERIOD.

The Healthcare Equipment Leasing Market Size, Share & Trend Analysis Report By

  • Equipment: Medical Imaging Equipment, Surgical & Therapeutic Equipment, Patient Monitoring Equipment, Laboratory Equipment, and Durable Medical & Storage/Transport Equipment
  • Lease: New Equipment and Used/Refurbished Equipment
  • End-User: Hospitals, Radiology/Imaging Centers, Clinics & Physician Offices, Clinical & Research Laboratories, and Others
  • Geography: North America, Europe, APAC, Latin America, and Middle East & Africa

Industry Analysis Report, Regional Outlook, Growth Potential, Price Trends, Competitive Market Share & Forecast 2024–2029.

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HEALTHCARE EQUIPMENT LEASING MARKET REPORT SCOPE

REPORT ATTRIBUTEDETAILS
Market Size (2029)USD 84.43 Billion
Market Size (2023)USD 53.32 Billion
CAGR (2023-2029)7.96%
HISTORIC YEAR2020-2022
BASE YEAR2023
FORECAST YEAR2024-2029
MARKET SEGMENTS BYEquipment, Lease, End-User, and Geography
GEOGRAPHIC ANALYSISNorth America, Europe, APAC, Latin America, and Middle East & Africa
KEY PLAYERSGE Healthcare, Koninklijke Philips, Siemens, DLL, Oak Leasing, Rotech Healthcare
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MARKET INSIGHTS

The global healthcare equipment leasing market was valued at USD 53.32 billion in 2023 and is expected to reach USD 84.43 billion by 2029, growing at a CAGR of 7.96% during the forecast period. The market is primarily driven by the rise in the prevalence of chronic diseases, a growing patient population, an increase in diagnostic and surgical procedures, the high cost of healthcare equipment, rapid advances in healthcare technology, and the increased number of hospitals and diagnostic centers.

Healthcare equipment leasing offers a cost-effective alternative to purchasing medical equipment. It involves a contractual agreement where the lessee makes monthly payments to use the equipment for a specified period. At the lease's end, the equipment can be returned or purchased. This option helps small- and medium-sized healthcare providers manage financial challenges associated with acquiring new equipment.

MARKET TRENDS & DRIVERS

Increasing Demand for Full Leasing of Healthcare Equipment

The healthcare industry is experiencing a surge in the demand for full leasing of equipment, driven by various factors reshaping the landscape of healthcare delivery. One significant trend is the shift towards value-based care, which incentivizes healthcare providers to optimize operational efficiency and cost-effectiveness. Full leasing of healthcare equipment offers a compelling solution, allowing providers to access state-of-the-art technology without the burden of upfront capital investment. This aligns with the industry's transition from traditional fee-for-service models to value-driven reimbursement structures, where outcomes and patient satisfaction play a central role. Moreover, rapid advancements in medical technology and evolving patient expectations are driving the need for continuous equipment upgrades and replacements. Full leasing arrangements allow healthcare organizations to adapt to changing needs and leverage the latest innovations without being constrained by outdated equipment or budget limitations. Additionally, leasing models often include maintenance and service agreements, ensuring optimal performance and reliability throughout the equipment lifecycle. Another key driver of the increasing demand for full leasing is the growing complexity of regulatory compliance and accreditation standards. Healthcare providers face stringent equipment quality, safety, and data security requirements, necessitating access to high-quality, compliant technology. Leasing enables organizations to access certified equipment and stay abreast of regulatory changes without significant financial risk.

Leveraging Remote Equipment Management in Healthcare Equipment Leasing

In healthcare equipment leasing, recent trends have significantly shifted towards integrating remote equipment management solutions. With the advent of connected medical devices and IoT-enabled equipment, leasing providers offer innovative solutions, allowing healthcare organizations to remotely monitor, maintain, and troubleshoot leased assets in real time. These solutions enable enhanced equipment performance monitoring through intuitive dashboards and analytics tools, scheduled maintenance, predictive analytics to anticipate potential failures, and real-time issue resolution to minimize downtime. Adopting remote equipment management improves uptime and reliability, reduces maintenance costs, enhances patient care and safety, and increases operational efficiency. As healthcare providers continue to embrace digital transformation, remote equipment management is poised to become a cornerstone of healthcare equipment leasing, offering unparalleled visibility and control over leased assets.

Inflated Cost of Healthcare Equipment

The inflated cost of healthcare equipment is a pressing issue that impacts healthcare providers globally. Several factors contribute to this phenomenon, including the high research and development expenses incurred by manufacturers, stringent regulatory requirements, and the need for cutting-edge technology to meet evolving healthcare demands. Additionally, monopolies or oligopolies within the medical device market can increase prices due to limited competition. Furthermore, the complexity of healthcare equipment, specialized components, and the need for precision engineering contribute to higher manufacturing costs. These inflated costs are often passed on to healthcare facilities and patients, resulting in financial strain on healthcare systems and barriers to accessing essential medical equipment. As a result, there is a growing demand for alternative financing solutions, such as leasing, which can help mitigate the upfront financial burden of purchasing expensive equipment while providing access to the latest technologies. Addressing the inflated cost of healthcare equipment requires collaboration among stakeholders to promote transparency, competition, and innovation in the medical device industry.

INDUSTRY RESTRAINTS

Growing Popularity of Refurbished Equipment

The growing popularity of refurbished equipment poses a potential threat to the healthcare equipment leasing market in several ways. Firstly, refurbished equipment typically comes at a lower cost than leasing new equipment, making it an attractive option for healthcare organizations looking to save money. As a result, some healthcare facilities may purchase refurbished equipment outright rather than entering into leasing agreements. This reduces the potential customer base for leasing companies and diminishes their revenue streams. Secondly, technological advancements and improvements in the quality of refurbished equipment have made it increasingly competitive with new equipment. Healthcare organizations may find that refurbished equipment meets their needs adequately, especially for less complex medical procedures or diagnostics. This reduces the perceived value proposition of leasing new equipment, further dampening demand for leasing services.

SEGMENTATION INSIGHTS

INSIGHT BY EQUIPMENT TYPE

The global healthcare equipment leasing market by equipment type is segmented into medical imaging equipment, surgical & therapeutic equipment, patient monitoring equipment, laboratory equipment, and durable medical & storage/transport equipment. The medical imaging segment holds the largest market share in 2023. The medical imaging equipment leasing market is expected to grow as healthcare providers seek to balance the need for advanced diagnostic capabilities with financial constraints. The trend towards value-based care and the increasing emphasis on early diagnosis and preventive healthcare will further drive demand for the latest imaging technologies, making leasing an increasingly attractive option.

INSIGHT BY LEASE TYPE

The global healthcare equipment leasing market by lease type is categorized into new equipment, and used/refurbished equipment. The new equipment segment shows significant growth, with the fastest-growing CAGR during the forecast period. The market is witnessing steady growth in recent years. This growth can be attributed to several factors, including increasing consumer awareness and technological advancements. Continuous scientific and technological advancements in the healthcare sector necessitate investments in new equipment to maintain a competitive edge. However, acquiring new healthcare equipment can pose financial challenges for healthcare settings. Leasing has emerged as a valuable solution to overcome these challenges. Despite having limited budgets, healthcare facilities striving to provide the highest quality care or enhance their services often lease new healthcare equipment instead of purchasing used equipment.

INSIGHT BY END-USER TYPE

Based on end-user type, the hospital segment accounts for the largest share of the global healthcare equipment leasing market. Hospitals utilize more healthcare equipment than any other healthcare setting. Diagnostics serve as the primary screening method in hospitals, which are often the first point of contact for various infections and diseases. The increasing prevalence of infectious diseases has led physicians in hospitals to rely more on diagnostic imaging equipment, thereby driving up demand for such equipment. Addressing the ever-increasing costs has become a growing challenge for hospital administrators, who must tackle this issue head-on. Leasing healthcare devices and technology presents an effective strategy for boosting hospitals' bottom line while ensuring their equipment remains up-to-date.

GEOGRAPHICAL ANALYSIS

The APAC region shows significant growth, with the highest CAGR during the forecast period. The aging population and the increasing prevalence of age-related disorders necessitate early diagnosis, driving the demand for healthcare equipment. Furthermore, consistent public and private funding, advancements in diagnostic imaging and surgical equipment in the APAC region, and growing awareness of leasing contribute to market expansion. China is the major revenue contributor in this region due to a large pool of elderly population compared to other countries in the APAC region.

COMPETITIVE LANDSCAPE

The global healthcare equipment leasing market report includes exclusive data on 39 vendors. Global leasing firms often dominate the market with extensive resources, established networks, and wide-ranging expertise. These companies leverage their scale and financial strength to offer competitive pricing, comprehensive service portfolios, and seamless integration with existing healthcare systems. They may also provide value-added services such as equipment maintenance, training, and asset management to attract and retain clients. Major players include GE Healthcare, Koninklijke Philips, Siemens, DLL, Oak Leasing, and Rotech Healthcare.

Frequently Asked Questions

How big is the global healthcare equipment leasing market?

The global healthcare equipment leasing market was valued at USD 53.32 billion in 2023 and is expected to reach USD 84.43 billion by 2029.

What is the global healthcare equipment leasing market?

The global healthcare equipment leasing market is expected to grow at a CAGR of 7.96% during the forecast period.

Which region dominates the global healthcare equipment leasing market?

North America dominates the global healthcare equipment leasing market.

What are the key drivers in the global healthcare equipment leasing market?

Inflated cost of healthcare equipment, growing demand for equipment leasing from low-budget healthcare facilities, rising number of hospitals and clinics offering advanced care, and high procurement costs and rapid technological advancements are the key drivers in the global healthcare equipment leasing market.

Who are the major players in the global healthcare equipment leasing market?

GE Healthcare, Koninklijke Philips, Siemens, DLL, Oak Leasing, and Rotech Healthcare are the major players in the global healthcare equipment leasing market.

The global healthcare equipment leasing market size is expected to grow at a CAGR of approximately 7.96% from 2023 to 2029.

Base Year: 2023

Forecast Year: 2024-2029

The report considers the present scenario of the global healthcare equipment leasing market and its market dynamics for 2024−2029. It covers a detailed overview of several market growth enablers, restraints, and trends. The study covers both the demand and supply sides of the market. It also profiles and analyzes leading companies and several other prominent companies operating in the market.

VENDORS LIST

Key Vendors

  • GE Healthcare
  • Koninklijke Philips
  • Siemens
  • DLL
  • Oak Leasing
  • Rotech Healthcare

Other Prominent Vendors

  • Advantage+
  • BNP Paribas Leasing Solutions
  • C Cube Advanced Technologies
  • Complete Leasing Solutions
  • CSI Leasing
  • Excedr
  • First American Equipment Finance
  • First-Citizens Bank & Trust Company
  • GreatAmerica Financial Services
  • GRENKE
  • Henry Schein Financial Services
  • Insight Financial Services
  • Intuitive
  • JA Mitsui Leasing
  • Madison Capital
  • McKesson
  • Med One Group
  • Meridian Group International
  • MRI Depot
  • National Equipment Leasing Company
  • National Funding
  • North Star Leasing
  • Olympus
  • ORIX
  • Prudential Leasing
  • SLR Investment
  • Societe Generale Equipment Finance (SGEF)
  • Stryker
  • TimePayment
  • TD Bank
  • Trust Capital
  • Univest Capital
  • Wells Fargo

SEGMENTATION & FORECAST

  • By Equipment
    • Medical Imaging Equipment
    • Surgical & Therapeutic Equipment
    • Patient Monitoring Equipment
    • Laboratory Equipment
    • Durable Medical & Storage/Transport Equipment
  • By Lease Type
    • New Equipment
    • Used/Refurbished Equipment
  • By End-User
    • Hospitals
    • Radiology/Imaging Centers
    • Clinics & Physician Offices
    • Clinical & Research Laboratories
    • Others

By Geography

  • North America
    • The U.S.
    • Canada
  • Europe
    • Germany
    • The U.K.
    • France
    • Italy
    • Spain
  • APAC
    • Japan
    • China
    • India
    • Australia
    • South Korea
  • Latin America
    • Brazil
    • Mexico
    • Argentina
  • Middle East & Africa
    • Turkey
    • South Africa
    • Saudi Arabia

Exhibit 1: Market Size & Forecast – Global Healthcare Equipment Leasing Market (2020–2029; $ BN)

Exhibit 2: Market Size & Forecast – Medical Imaging Equipment (2020–2029; $ BN)

Exhibit 3: Market Size & Forecast – Surgical & Therapeutic Equipment (2020–2029; $ BN)

Exhibit 4: Market Size & Forecast – Patient Monitoring Equipment (2020–2029; $ BN)

Exhibit 5: Market Size & Forecast – Laboratory Equipment (2020–2029; $ BN)

Exhibit 6: Market Size & Forecast – Durable Medical & Storage Equipment (2020–2029; $ BN)

Exhibit 7: Market Size & Forecast – New Equipment (2020–2029; $ BN)

Exhibit 8: Market Size & Forecast – Used/Refurbished Equipment (2020–2029; $ BN)

Exhibit 9: Market Size & Forecast – Hospitals (2020–2029; $ BN)

Exhibit 10: Market Size & Forecast – Radiology/Imaging Centers (2020–2029; $ BN)

Exhibit 11: Market Size & Forecast – Clinics & Physician Offices (2020–2029; $ BN)

Exhibit 12: Market Size & Forecast – Clinical & Research Laboratories (2020–2029; $ BN)

Exhibit 13: Market Size & Forecast – Other End-users (2020–2029; $ BN)

Exhibit 14: Projected Revenues of Healthcare Equipment Leasing in North America (2020–2029; $ BN)

Exhibit 15: Projected Revenues of Healthcare Equipment Leasing in the US (2020–2029; $ BN)

Exhibit 16: Projected Revenues of Healthcare Equipment Leasing in Canada (2020–2029; $ BN)

Exhibit 17: Projected Revenues of Healthcare Equipment Leasing in Europe (2020–2029; $ BN)

Exhibit 18: Projected Revenues of Healthcare Equipment Leasing in Germany (2020–2029; $ BN)

Exhibit 19: Projected Revenues of Healthcare Equipment Leasing in France (2020–2029; $ BN)

Exhibit 20: Projected Revenues of Healthcare Equipment Leasing in the UK (2020–2029; $ BN)

Exhibit 21: Projected Revenues of Healthcare Equipment Leasing in Italy (2020–2029; $ BN)

Exhibit 22: Projected Revenues of Healthcare Equipment Leasing in Spain  (2020–2029; $ BN)

Exhibit 23: Projected Revenues of Healthcare Equipment Leasing in APAC (2020–2029; $ BN)

Exhibit 24: Projected Revenues of Healthcare Equipment Leasing in China (2020–2029; $ BN)

Exhibit 25: Projected Revenues of Healthcare Equipment Leasing in Japan (2020–2029; $ BN)

Exhibit 26: Projected Revenues of Healthcare Equipment Leasing in India (2020–2029; $ BN)

Exhibit 27: Projected Revenues of Healthcare Equipment Leasing in South Korea (2020–2029; $ BN)

Exhibit 28: Projected Revenues of Healthcare Equipment Leasing in Australia (2020–2029; $ BN)

Exhibit 29: Projected Revenues of Healthcare Equipment Leasing in Latin America (2020–2029; $ BN)

Exhibit 30: Projected Revenues of Healthcare Equipment Leasing in Brazil (2020–2029; $ BN)

Exhibit 31: Projected Revenues of Healthcare Equipment Leasing in Mexico (2020–2029; $ BN)

Exhibit 32: Projected Revenues of Healthcare Equipment Leasing in Argentina (2020–2029; $ BN)

Exhibit 33: Projected Revenues of Healthcare Equipment Leasing in the MEA (2020–2029; $ BN)

Exhibit 34: Projected Revenues of Healthcare Equipment Leasing in Turkey (2020–2029; $ BN)

Exhibit 35: Projected Revenues of Healthcare Equipment Leasing in S. Africa (2020–2029; $ BN)

Exhibit 36: Projected Revenues of Healthcare Equipment Leasing in S. Arabia (2020–2029; $ BN)

 

Tables

Table 1: Key Market Trends in Healthcare Equipment Leasing Market

Table 2: Key Market Enablers in Healthcare Equipment Leasing Market

Table 3: Key Market Constraints in Healthcare Equipment Leasing Market

Table 4: Strategic Recommendations in Healthcare Equipment Leasing Market

CHAPTER 1: Healthcare Equipment Leasing Market Overview

  • Executive Summary
  • Key Findings

CHAPTER 2: Healthcare Equipment Leasing Market

  • GLOBAL: Projected Revenue of Healthcare Equipment Leasing Market (2020-2029; $Billions)

CHAPTER 3: Healthcare Equipment Leasing Market Segmentation Data

  • GLOBAL: Projected Revenue by Equipment (2020-2029; $Billions)
    • Medical Imaging Equipment
    • Surgical & Therapeutic Equipment
    • Patient Monitoring Equipment
    • Laboratory Equipment
    • Durable Medical & Storage/Transport Equipment
  • GLOBAL: Projected Revenue by Lease Type (2020-2029; $Billions)
    • New Equipment
    • Used/Refurbished Equipment
  • GLOBAL: Projected Revenue by End-User (2020-2029; $Billions)
    • Hospitals
    • Radiology/Imaging Centers
    • Clinics & Physician Offices
    • Clinical & Research Laboratories
    • Others

CHAPTER 4: Key Regions Overview

  • North America: Projected Revenue of Healthcare Equipment Leasing Market (2020-2029; $Billions)
    • Projected Revenue of Healthcare Equipment Leasing Market in US
    • Projected Revenue of Healthcare Equipment Leasing Market in Canada
  • Europe: Projected Revenue of Healthcare Equipment Leasing Market (2020-2029; $Billions)
    • Projected Revenue of Healthcare Equipment Leasing Market in Germany
    • Projected Revenue of Healthcare Equipment Leasing Market in France
    • Projected Revenue of Healthcare Equipment Leasing Market in UK
    • Projected Revenue of Healthcare Equipment Leasing Market in Italy
    • Projected Revenue of Healthcare Equipment Leasing Market in Spain
  • APAC: Projected Revenue of Healthcare Equipment Leasing Market (2020-2029; $Billions)
    • Projected Revenue of Healthcare Equipment Leasing Market in China
    • Projected Revenue of Healthcare Equipment Leasing Market in Japan
    • Projected Revenue of Healthcare Equipment Leasing Market in India
    • Projected Revenue of Healthcare Equipment Leasing Market in South Korea
    • Projected Revenue of Healthcare Equipment Leasing Market in Australia
  • Latin America: Projected Revenue of Healthcare Equipment Leasing Market (2020-2029; $Billions)
    • Projected Revenue of Healthcare Equipment Leasing Market in Brazil
    • Projected Revenue of Healthcare Equipment Leasing Market in Mexico
    • Projected Revenue of Healthcare Equipment Leasing Market in Argentina
  • Middle East & Africa: Projected Revenue of Dermal Fillers Market (2020-2029; $Billions)
    • Projected Revenue of Healthcare Equipment Leasing Market in Turkey
    • Projected Revenue of Healthcare Equipment Leasing Market in South Africa
    • Projected Revenue of Healthcare Equipment Leasing Market in Saudi Arabia 

CHAPTER 5: Healthcare Equipment Leasing Market Prospects & Opportunities

  • Healthcare Equipment Leasing Market Opportunities & Trends
  • Healthcare Equipment Leasing Market Drivers
  • Healthcare Equipment Leasing Market Constraints

CHAPTER 6: Healthcare Equipment Leasing Industry Overview

  • Healthcare Equipment Leasing Market - Competitive Landscape
  • Healthcare Equipment Leasing Market – Key Vendor Profiles
  • Healthcare Equipment Leasing Market – Other Prominent Vendors
  • Healthcare Equipment Leasing Market - Key Strategic Recommendations

CHAPTER 7: Appendix

  • Research Methodology
  • Abbreviations
  • About Arizton

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Frequently Asked Questions

How big is the global healthcare equipment leasing market?

The global healthcare equipment leasing market was valued at USD 53.32 billion in 2023 and is expected to reach USD 84.43 billion by 2029.

What is the global healthcare equipment leasing market?

The global healthcare equipment leasing market is expected to grow at a CAGR of 7.96% during the forecast period.

Which region dominates the global healthcare equipment leasing market?

North America dominates the global healthcare equipment leasing market.

What are the key drivers in the global healthcare equipment leasing market?

Inflated cost of healthcare equipment, growing demand for equipment leasing from low-budget healthcare facilities, rising number of hospitals and clinics offering advanced care, and high procurement costs and rapid technological advancements are the key drivers in the global healthcare equipment leasing market.

Who are the major players in the global healthcare equipment leasing market?

GE Healthcare, Koninklijke Philips, Siemens, DLL, Oak Leasing, and Rotech Healthcare are the major players in the global healthcare equipment leasing market.