Healthcare equipment leasing market size to grow by USD 25,026.35M

The healthcare equipment leasing market size is set to grow by USD 25026.35 million between 2022 and 2027, and register a CAGR of 7.82%, according to Technavio’s latest market research report. With a focus on identifying dominant industry influencers, Technavio’s reports present a detailed study by way of synthesis, and summation of data from multiple sources. This report offers an up-to-date analysis of the current market scenario, the latest trends and drivers, and the overall market environment.

Factors such as the inflated cost of healthcare equipment, the growing demand for equipment leasing from low-budget healthcare facilities, and continuous technological advances coupled with shortened product lifecycles will offer immense growth opportunities. To leverage the current opportunities, market vendors must strengthen their foothold in the fast-growing segments, while maintaining their positions in the slow-growing segments. The healthcare equipment leasing market is fragmented, and the degree of fragmentation will accelerate during the forecast period.

Healthcare equipment leasing market 2023-2027: Segmentation

• Product
  • Durable medical equipment: The medical equipment financing market share growth by the durable medical equipment segment will be significant during the forecast period.
  • Surgical and therapy equipment leasing
  • Personal and home-care equipment
  • Digital and electronic equipment leasing
  • Storage and transport equipment leasing
• End-user
  • Hospitals
  • Diagnostic centers
  • Clinics
  • Others
• Geography
  • North America: North America is estimated to contribute 36% to the growth of the global market during the forecast period.
  • Europe
  • Asia
  • Rest Of World (ROW)

Healthcare equipment leasing market 2023-2027: Vendor analysis and scope
Some of the major vendors of the healthcare equipment leasing market include Agfa Gevaert NV, Avtech Capital LLC, CIT Group Inc., CWB National Leasing Inc., Dext Capital LLC, Hill Rom Holdings Inc., Jocova Financial Services Corp., Lease Corporation of America, Madison Capital LLC, Med One Group, Meridian Group International Inc., Mizuho Leasing Co. Ltd., Oak Leasing Ltd., Philips International BV, Rabobank Group, Siemens AG, Stryker Corp., Teachers insurance and annuity association of America, Tokyo Century Corp., and Blackstone Inc. To help businesses improve their market position, Technavio’s report provides a detailed analysis of around 15+ vendors operating in the market.

agfa.com- The company offers leasing solutions for healthcare equipment by creating flexible, comprehensive packages appropriate to ones budget, which cover everything from medical technology and IT hardware and software, to communications, archiving and information systems.

avtechcapital.com- The company offers leasing solutions for healthcare equipment by helping healthcare companies stay relevant with the latest technology and medical equipment financing.

cit.com- The company offers medical equipment leasing and financing with various benefits.

Market trends such as uberization of medical equipment finance is likely to emerge as one of the primary drivers of the market. However, factors such as the growing popularity of refurbished equipment may threaten the growth of the market.

Market drivers

• Inflated cost of healthcare equipment
• Growing demand for equipment leasing from low-budget healthcare facilities
• Continuous technological advances coupled with shortened product lifecycles

Market trends

• Uberization of medical equipment finance
• Automation of equipment financing
• Demand for full leasing of healthcare equipment

Market challenges

• Growing popularity of refurbished equipment
• Intense competition between key players and healthcare equipment manufacturers
• OEMs aggressive marketing strategies to boost new healthcare equipment sales

Healthcare equipment leasing market 2023-2027: Key highlights

• CAGR of the market during the forecast period 2023-2027
• Detailed information on factors that will assist healthcare equipment leasing market growth during the next five years
• Estimation of the healthcare equipment leasing market size and its contribution to the parent market
• Predictions on upcoming trends and changes in consumer behavior
• The growth of the healthcare equipment leasing market
• Analysis of the market’s competitive landscape and detailed information on vendors
• Comprehensive details of factors that will challenge the growth of healthcare equipment leasing market vendors

Technavio