Global Healthcare Equipment Leasing Market - Focused Insights 2024-2029

Published Date :  JUL 2024

The Global Healthcare Equipment Leasing Market Size 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), & Geographical Analysis, Growth, Insights, Forecast 2024-2029.

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MARKET INSIGHTS

The global healthcare equipment leasing market size 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 global healthcare equipment leasing market is experiencing significant growth, primarily driven by the rising prevalence of chronic diseases, an expanding patient population, the increasing volume of diagnostic and surgical procedures, the substantial cost of healthcare equipment, rapid advancements in healthcare technology, and the proliferation of hospitals and diagnostic centers. Healthcare equipment leasing provides a cost-effective alternative to outright purchase, involving a contractual agreement whereby the lessee makes periodic payments for the utilization of equipment over a predetermined duration. At the conclusion of the lease term, the lessee is afforded the option to either return the equipment or purchase it. This leasing model effectively addresses the financial challenges faced by small and medium-sized healthcare providers in acquiring new and essential equipment.

MARKET TRENDS & DRIVERS

Growing Demand for full leasing in Healthcare Industry

The healthcare industry is seeing a surge in full equipment leasing due to the shift towards value-based care. Leasing allows providers to access advanced technology without large upfront costs, aligning with outcome-driven reimbursement models. Rapid technological advancements and evolving patient expectations drive the need for continuous upgrades, which leasing facilitates. Moreover, leasing agreements often include maintenance and ensure regulatory compliance, mitigating financial risks.

High Costs in Acquiring Healthcare Technology

The inflated cost of healthcare equipment, driven by R&D, regulations, and limited competition, strains healthcare systems globally. These high costs, passed on to facilities and patients, create access barriers. Leasing offers a solution by mitigating upfront expenses and providing access to advanced technology. Addressing this issue requires collaboration to foster transparency and innovation.

INDUSTRY RESTRAINTS

Threat of Increasing Refurbished Equipment Demand

The rise of refurbished equipment presents a significant competitive challenge to the healthcare equipment leasing market. Lower costs and improved quality of refurbished equipment are attracting healthcare organizations, potentially reducing leasing agreements and revenue. As refurbished options meet many needs, the perceived value of leasing new equipment diminishes, impacting leasing demand.

SEGMENTATION INSIGHTS

  • By Equipment Type: In 2023, medical imaging equipment held the largest share of the healthcare equipment leasing market. This trend is set to continue as healthcare providers navigate financial limitations while requiring advanced diagnostic tools. Value-based care and the growing focus on preventative medicine are increasing the demand for the latest imaging technologies, making leasing an attractive financial strategy.
  • By Lease Type: The new equipment segment is the fastest-growing in the healthcare equipment leasing market. This growth is driven by increasing consumer awareness and rapid technological advancements. Healthcare providers prioritize new equipment to stay competitive, despite financial constraints. Leasing offers a solution, allowing facilities to access the latest technology and maintain high-quality care, even with limited budgets.
  • By End-User Type: The hospital segment holds the largest global healthcare equipment leasing market share, driven by their extensive equipment needs. Reliance on diagnostics, particularly imaging, is crucial in hospitals, especially with increasing infectious diseases. Leasing provides a strategic financial solution for hospitals to access necessary technology and control costs.

GEOGRAPHICAL ANALYSIS

The APAC region is the fastest-growing market for healthcare equipment leasing, driven by an aging population, rising age-related disorders, and increased demand for early diagnosis. Public and private funding, technological advancements, and growing leasing awareness further fuel this expansion. China is the region's largest revenue contributor due to its substantial elderly population.

COMPETITIVE LANDSCAPE

The healthcare equipment leasing market, with 39 vendors, is primarily led by global firms possessing extensive resources and established networks. These companies offer competitive pricing, comprehensive service portfolios, and integrated solutions. They enhance client relationships with maintenance, training, and asset management. Leading vendors include DLL, Oak Leasing, and Rotech Healthcare.

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Summary

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 
  • 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 

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Table Of Contents

  • Executive Summary
  • Key Findings

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

  • 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

  • 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

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

  • 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

  • Research Methodology
  • Abbreviations
  • About Arizton

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)

  • 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

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Frequently Asked Questions

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.

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

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.

North America is likely to contribute to 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.

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