Healthcare Equipment Leasing Market Report 2024

The healthcare equipment leasing market size has grown strongly in recent years. It will grow from $54.38 billion in 2023 to $59.58 billion in 2024 at a compound annual growth rate (CAGR) of 9.6%. The growth during the historic period was driven by a heightened emphasis on supply chain efficiency, the expansion of personalized medicine, growth in veterinary healthcare, increased demand for rehabilitation equipment, and a rise in outpatient services.

The healthcare equipment leasing market size is expected to see strong growth in the next few years. It will grow to $86.42 billion in 2028 at a compound annual growth rate (CAGR) of 9.7%. Anticipated growth in the forecast period is attributed to the increasing number of hospitals and clinics, expanding medical equipment leasing companies, rising demand for advanced medical technologies, escalating costs of medical equipment, and the growth of healthcare infrastructure. Key trends expected in this period include sustainability initiatives, the adoption of telehealth and remote monitoring technologies, emphasis on data security and integration, optimization of equipment utilization, adoption of value-based care models, and specialized equipment leasing.

The increasing number of hospitals is expected to drive the growth of the healthcare equipment leasing market in the future. Hospitals, which provide medical care and treatment to patients, are in higher demand due to demographic shifts, the prevalence of chronic diseases, population growth, increased health awareness, and expanded health insurance coverage. This demand for hospital facilities necessitates advanced medical technology, thereby fueling the need for healthcare equipment leasing. For example, according to the American Hospital Association, the number of US community hospitals rose from 5,139 in 2020 to 5,157 in 2021, with rural hospitals increasing from 1,796 to 1,800 during the same period. Consequently, the expanding presence of hospitals and clinics is a key driver of the healthcare equipment leasing market's growth.

Leading companies in the healthcare equipment leasing market are offering flexible financing options to support healthcare providers in acquiring advanced equipment. Flexible financing options provide versatility and adaptability to meet borrowers' needs. Capital MBS, for instance, launched such options in June 2024 for the medical and dental sectors, collaborating with reputable banks to enable healthcare providers to access essential equipment without substantial upfront costs. These options cover a range of diagnostic tools including MRI, CT scanners, X-ray systems, surgical instruments, dental technologies, patient care equipment, and laboratory instruments, with an online application process ensuring swift access to financing solutions.

In July 2022, Kotak Mahindra Bank strengthened its position in equipment financing by acquiring De Lage Landen Financial Services India's Agri and Healthcare Equipment Financing Portfolio. This move aims to enhance the bank's capabilities in financing equipment used across agriculture and healthcare sectors. DLL India, a subsidiary of De Lage Landen, specializes in asset life cycle management and financial solutions for industries including agriculture, food, healthcare, and transportation.

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.

North America was the largest region in the healthcare equipment leasing market in 2023. 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.

The countries covered in the healthcare equipment leasing market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Canada, Italy, Spain.

Healthcare equipment leasing offers medical facilities a financial option to rent equipment rather than buy it outright. This approach allows hospitals, clinics, and other providers in the healthcare sector to access the latest technology without the substantial initial expenses. Leasing provides flexibility, enabling facilities to upgrade to newer models as technology advances, while also helping to manage cash flow and preserve capital for other essential expenditures.

The primary categories of healthcare equipment leasing include personal and homecare equipment, digital and electronic devices, surgical and therapy equipment, durable medical equipment (DME), storage and transport equipment, among others. Personal and homecare equipment refers to devices leased for personal use at home, primarily for medical purposes. Financing options for these devices vary, including new equipment purchases, rentals, refurbished items, and other options tailored for different end-users such as ambulatory surgical services, hospitals, home care settings, and diagnostic centers.

The healthcare equipment leasing market research report is one of a series of new reports that provides healthcare equipment leasing market statistics, including healthcare equipment leasing industry global market size, regional shares, competitors with a healthcare equipment leasing market share, detailed healthcare equipment leasing market segments, market trends and opportunities, and any further data you may need to thrive in the healthcare equipment leasing industry. This healthcare equipment leasing market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.

The healthcare equipment leasing market includes revenues earned by leasing out, upgrading to newer technology, and providing maintenance services. The market value includes the value of related goods sold by the service provider or included within the service offering. Only goods and services traded between entities or sold to end consumers are included.

The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified).

The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.


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