According to a report from Industry Data Analytics, the global healthcare equipment leasing market will grow at a CAGR of 6.77% from 2018 to 2021.

Healthcare equipment leasing is a cost-effective alternative to acquire capital medical equipment. It helps to avoid elevated investments and is an asset financing strategy that allows end-users to acquire healthcare assets on low-cost monthly instalments. Healthcare leasing is on high demand due to several factors. It enables improved budgeting, ensures better sales, is more cost-effective than loans and enables better product management.

The healthcare equipment leasing market is highly fragmented and characterized by the presence of key players and prominent vendors. Key players are focusing on catering to the need for medical facilities by offering medical devices in multiple categories. Vendors of the medical equipment rental and leasing market are also focusing on strengthening their position in the global market by expanding their geographical reach.

Key vendors in this market are DLL, GE Capital, National Technology Leasing, Oak Leasing, Rotech Healthcare and Siemens Financial Services

According to the report, one driver in the market is the inflated cost of healthcare equipment. Healthcare facilities generate revenue through various procedures such as medical imaging, home-care services, endoscopy, anesthesia, dialysis and other surgeries. Among the different segments of the global healthcare equipment leasing market, the diagnostic imaging equipment leasing segment accounts for the largest share. The high cost of medical equipment has shifted the preference of end-users toward leasing instead of buying new equipment in order to reduce maintenance and installation costs.