Global Healthcare Equipment Leasing Market to Grow 7% by 2021

According to a research report from Technavio, the global healthcare equipment leasing market will grow at a CAGR of 7% from 2017 to 2021.

Some key findings of the global healthcare equipment leasing market, according to Technavio healthcare and life sciences researchers include:

  • Inflated cost of healthcare equipment will be a major market driver.
  • The DME segment dominated the market with approximately 44% share in 2016.
  • EMEA dominated the global healthcare equipment leasing market with a share of 39% in 2016.
  • DLL, GE Capital, National Technology Leasing, Oak Leasing, Rotech Healthcare and Siemens Financial Services are the leading players in the market.

Medical imaging, home-care services, endoscopy, anesthesia, dialysis and other surgeries are some of the different procedures through which healthcare facilities generate revenue. Diagnostic imaging equipment leasing segment, among the different segments of the global healthcare equipment leasing market, accounts for the largest share. Due to the high cost of medical equipment, end-users prefer the concept of leasing rather than buying equipment. This in turn reduces the expenses incurred for installation and high maintenance. Privately-owned diagnostics centers and small-scale hospitals must incur huge costs if they install expensive medical equipment, which is why they prefer leasing rather than buying.

The major revenue contributor to the global healthcare equipment leasing market is credited to EMEA. The healthcare equipment leasing market in this region is expected to grow at an even pace. This can be attributed to the changes in government regulations to decrease healthcare expense.

In Europe, diagnostic imaging equipment accounted for the largest share in total leasing revenue of the regions and the UK was the largest contributor. In EMEA, most of the mid-size hospitals, clinics, acute care centers, dental clinics and other healthcare centers rely on leasing healthcare equipment as the frozen capital of the National Health Service (NHS) is predominantly high.

According to Barath Palada, a lead analyst at Technavio for research on orthopedics and medical devices, “The increase in number of the start-up ASCs is expected to drive the market growth in the forecasted period. Also, the number of insurance providers operating in the UK is high, and the favorable reimbursement policies are supporting leasing. The increasing demand for diagnostic imaging in Germany, France, Italy, and the UK; rising geriatric population; and growing prevalence of neurological, orthopedic, and carcinogenic diseases are expected to boost the market in this region.”

The global healthcare equipment leasing market is highly fragmented with the presence of key players accounting for the majority of share and the presence of a countable number of other prominent vendors. Some of the leading vendors are GE Capital, Siemens Financial Services, DLL, Rotech Healthcare, National Technology Leasing and Oak Leasing. Prominent vendors include companies like CSI Leasing and Apria Healthcare. Also, emerging players such as Direct Capital (CIT Group) and IBJ Leasing are also making their presence felt in the market.

Like this story? Begin each business day with news you need to know! Click here to register now for our FREE Daily E-News Broadcast and start YOUR day informed!

Leave a comment

View Latest Digital Edition

Terry Mulreany
Subscriptions: 800 708 9373 x130
[email protected]
Susie Angelucci
Advertising: 484.459.3016
[email protected]

View Latest Digital Edition

Visit our sister website for news, information, exclusive articles,
deal tables and more on the asset-based lending, factoring,
and restructuring industries.