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Global Healthcare Equipment Leasing Market Projected to Grow at 9.6% CAGR, Reaching $94.66 Billion by 2029
Use code ONLINE30 to get 30% off on global market reports and stay ahead of tariff changes, macro trends, and global economic shifts.What Will the Healthcare Equipment Leasing Industry Market Size Be by 2025?
There has been a swift expansion in the healthcare equipment leasing market size in the last few years. The market worth is set to rise from $59.58 billion in 2024 to $65.54 billion in 2025, with a compound annual growth rate (CAGR) of 10.0%. Factors that contributed to the growth during the historical period include a heightened attention on supply chain effectiveness, the surge in personalized medicine, an increase in veterinary healthcare, a growing demand for rehabilitation equipment, and an upswing in outpatient services.
What's the Long-Term Growth Forecast for the Healthcare Equipment Leasing Market Size Through 2029?
The size of the healthcare equipment leasing market is anticipated to witness significant growth in the near future. By 2029, it's projected to reach $94.66 billion, expanding at a compound annual growth rate (CAGR) of 9.6%. The expansion during this period can be credited to factors such as the increase in the number of hospitals and clinics, the rise in medical equipment leasing companies, the escalating demand for high-tech medical equipment, the rising prices of medical equipment, and the expansion of the healthcare infrastructure. Salient trends expected during this period include sustainability, telehealth and remote monitoring, data security and integration, optimisation of equipment usage, implementation of value-based healthcare models, and leasing of specialized equipment.
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What Are the Key Growth Drivers Fueling the Healthcare Equipment Leasing Market Expansion?
The growth of the healthcare equipment leasing market is anticipated to be spurred by the increasing count of hospitals. These healthcare institutions, which offer medical attention and treatment to patients, have a rising demand due to factors like demographic changes, increase in chronic ailments, growth in population, heightened health consciousness, and broader health insurance provisions. Owing to the perpetual requirement for advanced medical technology, hospitals generate a demand for healthcare equipment leasing. As per the American Hospital Association in May 2022, a professional organizations company in the US, there were as many as 6,120 hospitals in the United States during 2022. This number embodies both the public and private healthcare establishments nationwide. Consequently, the escalating number of hospitals and clinics is propelling the healthcare equipment leasing market's growth.
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What Are the Key Trends Driving Healthcare Equipment Leasing Market Growth?
Leading corporations in the healthcare equipment leasing market are now offering adaptable financing plans to aid healthcare providers in obtaining state-of-the-art equipment. These tailor-made financial solutions are designed to cater to the specific requirements of borrowers or purchasers. For example, in June 2024, Capital MBS, a firm based in the United States dealing with various financing options, introduced versatile financial solutions for the medical and dental industries. They collaborated with reliable banks to help healthcare providers obtain sophisticated equipment without large upfront payments or delays. The flexible financing options cover a wide array of medical equipment, including MRI, CT scanners, X-ray systems, surgical tools, dental technologies, patient care equipment, and lab instruments. A streamlined online application process simplifies access to these financial solutions, enabling healthcare personnel to secure the necessary funding for critical medical technology.
How Is the Healthcare Equipment Leasing Market Segmented?
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
Subsegments:
1) By Personal And Homecare Leasing Equipment: Home Oxygen Equipment, CPAP Machines, Mobility Aids (Wheelchairs, Walkers), Personal Monitoring Devices
2) By Digital And Electronic Equipment: Diagnostic Imaging Equipment (X-ray, MRI, CT scanners), Patient Monitoring Systems, Electronic Medical Records (EMR) Systems, Diagnostic And Lab Testing Equipment
3) By Surgical and Therapy Leasing Equipment: Surgical Instruments, Anesthesia Machines, Physiotherapy Equipment, Laser Therapy Equipment
4) By Durable Medical Equipment (DME): Hospital Beds, Respiratory Equipment, Orthopedic Devices, Patient Lifts and Hoists
5) By Storage And Transport Leasing Equipment: Refrigerators/Freezers for Medical Use, Medical Waste Storage Containers, Patient Transport Stretchers, Medical Storage Cabinets
6) By Other Device Types: Laboratory Equipment, Dialysis Machines, Defibrillators, Infusion Pumps
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Which Companies Are Leading the Charge in Healthcare Equipment Leasing Market Innovation?
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
Which Regions Are Leading the Global Healthcare Equipment Leasing Market in Revenue?
North America was the largest region in the healthcare equipment leasing market in 2024. 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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