Healthcare Equipment Leasing Market to Grow by USD 28.41 Billion (2024-2028) with High Equipment Costs Boosting the Market, Report on Market Evolution Powered by AI - Technavio

NEW YORK, Feb. 6, 2025 /PRNewswire/ -- Report on how AI is driving market transformation - The global healthcare equipment leasing market size is estimated to grow by USD 28.41 billion from 2024-2028, according to Technavio. The market is estimated to grow at a CAGR of  8.23%  during the forecast period. High cost of healthcare equipment is driving market growth, with a trend towards uberization of medical equipment financing. However, growing popularity of refurbished healthcare equipment  poses a challenge. Key market players include 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, and Stryker Corp..

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Healthcare Equipment Leasing Market Scope
Report Coverage	Details
Base year	2023
Historic period	2018 - 2022
Forecast period	2024-2028
Growth momentum & CAGR	Accelerate at a CAGR of 8.23%
Market growth 2024-2028	USD 28.41 billion
Market structure	Fragmented
YoY growth 2022-2023 (%)	7.41
Regional analysis	North America, Europe, Asia, and Rest of World (ROW)
Performing market contribution	North America at 36%
Key countries	US, Germany, UK, France, and China
Key companies profiled	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, and Stryker Corp.

Market Driver

Healthcare providers are increasingly turning to equipment leasing as a cost-effective solution for acquiring essential medical equipment. Leasing models offer flexible financing options for medical imaging equipment like MRI machines, CT scanners, and X-ray machines, as well as surgical and diagnostic equipment. Medical devices such as ventilators, durable medical equipment, and laboratory items are also commonly leased. Trends in healthcare include preventive healthcare for chronic diseases, healthcare awareness, and new policies. Equipment obsolescence is a concern, so quality care and maintenance are crucial. Leasing allows for access to the latest medical technology and equipment, with options for payment deferrals, restructuring, and access to 24/7 call centers for support. Equipment providers offer a range of leasing models for various healthcare facilities, including care homes, private hospitals, and long-term care. Leasing includes tenant agreements, monthly rental fees, and uptime guarantees. Equipment includes MRI machines, CT scanners, X-ray machines, ultrasound machines, physical therapy equipment, and more. Accessories, such as testing supplies, personal protective equipment, and glucose monitoring devices, are also available for lease. Breathing equipment like iron lungs, oxygen tents, nebulizers, catheters, transfer benches, hospital beds, patient lifts, wheelchairs, and volume-based or value-based care models are also popular. Leasing allows financial sponsors to manage medical equipment expenditures for the handicapped population while ensuring preventive maintenance and component replacement. 

The healthcare equipment leasing market is experiencing significant growth in the current business landscape. With the leasing industry surpassing the trillion-dollar mark, the trend of equipment leasing is becoming increasingly popular. Three primary factors are driving this growth: the entry of major healthcare equipment manufacturers, the preference for asset financing, and the Uberization of healthcare services. The market is highly competitive, with numerous players, making it an attractive business opportunity. These trends are expected to boost the demand for leasing equipment in the healthcare sector. 

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 Market Challenges

•         Healthcare providers face numerous challenges when it comes to procuring medical equipment through leasing. Leasing models offer flexible financing options for various types of equipment, including medical imaging, surgical, diagnostic, therapeutic, ventilators, and durable medical equipment. However, selecting the right leasing model can be complex. Challenges like chronic diseases, healthcare policies, and equipment obsolescence necessitate high-quality care and regular maintenance. Medical imaging equipment such as MRI machines, CT scanners, and X-ray machines require significant investment and upkeep. Preventive healthcare and awareness programs call for diagnostic equipment like ultrasound machines and testing supplies. Leasing agreements involve monthly rental fees, legal agreements, and tenant responsibilities. Equipment maintenance, including preventive maintenance and component replacement, is crucial for uptime guarantees. Financial sponsors play a role in supporting healthcare facilities, including care homes, private hospitals, and long-term care centers. Equipment types include medical devices, laboratory items, and rental equipment. Accessories, such as personal protective equipment, glucose monitoring devices, insulin pumps, and payment deferrals, are essential. Restructuring and supply chain management are also factors. Breathing equipment like ventilators, oxygen tents, and nebulizers, as well as catheters, transfer benches, hospital beds, patient lifts, and wheelchairs, are vital for volume-based and value-based care. Legal agreements must outline responsibilities, including engineer labor and 24/7 call centers. Iron lungs, oxygen tents, and nebulizers are essential for specific patient populations, while handicapped individuals may require specialized equipment like transfer benches and patient lifts. Equipment expenditures can be substantial, necessitating careful planning and budgeting. In conclusion, healthcare providers face numerous challenges when it comes to leasing medical equipment. Understanding the various types of equipment, leasing models, and responsibilities is essential for making informed decisions and ensuring quality care.

•         Refurbished medical equipment presents an affordable solution for healthcare providers seeking to acquire necessary equipment without incurring high costs. Manufacturers face competition from vendors offering refurbished equipment, which is priced 6-7 times lower than new equipment. Small and mid-sized hospitals and diagnostic centers often prefer refurbished equipment over leased options due to the warranty coverage, which can range from a few years depending on the equipment's type and manufacturing year. This trend poses a challenge to the global healthcare equipment leasing market.

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Segment Overview 

This healthcare equipment leasing market report extensively covers market segmentation by  

• 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)

1.1 Hospitals-  The hospitals segment, which includes smaller hospitals and government-funded general hospitals, is the primary consumer in the global healthcare equipment leasing market. Smaller hospitals require technologically advanced equipment to cater to their affluent patient base. Leasing is an ideal solution for them to upgrade their devices without significant upfront investment. Government-funded hospitals, on the other hand, face budget constraints and rely on diagnostic centers for advanced diagnostics. Leasing or asset financing enables these hospitals to acquire the latest and advanced diagnostic devices and surgical systems, contributing to the market's growth during the forecast period.

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Research Analysis

The healthcare equipment leasing market refers to the provision of financing solutions for healthcare providers and organizations to acquire medical equipment through leasing agreements instead of purchasing outright. Leasing models offer flexibility, affordability, and access to the latest technology for various types of medical equipment, including medical imaging (MRI machines, CT scanners), surgical (ventilators, durable medical equipment), diagnostic (laboratory items, chemistry immunoassay analyzers), and therapeutic equipment. Tenants pay a monthly rental fee to use the equipment for a specified term, with financial sponsors often facilitating these arrangements. Care homes, private hospitals, and other healthcare facilities benefit from leasing, enabling them to focus on patient care while managing their equipment needs effectively.

Market Research Overview

The healthcare equipment leasing market is a significant segment of the healthcare industry, providing medical providers with access to essential equipment through leasing models. Medical equipment encompasses various types, including imaging equipment such as MRI machines, CT scanners, and X-ray machines, as well as surgical, diagnostic, therapeutic, and laboratory items. Leasing models offer flexible financial solutions for healthcare facilities like care homes, private hospitals, and healthcare facilities, enabling them to invest in high-quality equipment for preventive healthcare and managing chronic diseases. Equipment obsolescence, legal agreements, and monthly rental fees are essential aspects of healthcare equipment leasing. Financial sponsors play a crucial role in facilitating these transactions. Medical devices like ventilators, durable medical equipment, and accessories are commonly leased. Equipment maintenance, including preventive maintenance, component replacement, and engineer labor, is essential to ensure quality care and uptime guarantees. Healthcare policies, healthcare awareness, and medical device expenditures influence the healthcare equipment leasing market. Additionally, various types of equipment, such as breathing equipment, testing supplies, personal protective equipment, and glucose monitoring devices, are leased to cater to diverse healthcare needs. Payment deferrals, restructuring, and supply chain management are other factors that impact the market. Long-term care, home care, and volume- and value-based care are growing sectors in the healthcare industry that rely heavily on equipment leasing.

Table of Contents:

1 Executive Summary
2 Market Landscape
3 Market Sizing
4 Historic Market Size
5 Five Forces Analysis
6 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)

7 Customer Landscape
8 Geographic Landscape
9 Drivers, Challenges, and Trends
10 Company Landscape
11 Company Analysis
12 Appendix

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