FARMINGTON, March 19, 2023 (GLOBE NEWSWIRE) — Global Healthcare equipment leasing marketis growing at a CAGR of 9.2% during the forecast period 2022-2030. A lease is a formal agreement that allows someone to use something in exchange for monthly rent. In return, the person who owns or rented the object receives monthly payments and gets the money back at the end of the lease. Medical equipment leases are one of the many leases you can get today. Unlike traditional financial products such as loans or mortgages, these leases do not transfer ownership quickly. During the recession and austerity measures, many healthcare organizations are delaying the purchase of medical equipment and tools. In these situations, healthcare groups rent equipment from reputable companies and funders to meet the needs of patients and staff.
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Healthcare equipment leasing market Recent Events:
- In February 2022, First Horizon and Toronto-Dominion Bank signed an agreement under which TD will acquire First Horizon for approximately $13 billion in cash. This strategy has helped the company establish a stable position in the market.
- In January 2018, Kabbage extended a $250,000 line of credit. This credit line extension provides existing and new customers with the necessary funds for, among other things, the purchase of special equipment and the expansion of the office. This strategy helps the company strengthen its market position.
Dynamics of the healthcare equipment leasing market:
Drivers:
Medical equipment rentals are mainly driven by how cheap these services are and how much more people spend on private healthcare. At the same time, growth is also driven by growing demand from new countries. Hospitals prefer to rent expensive assets instead of buying them because of lower costs. In recent years, hospital finances have changed rapidly as acute care providers have become more dependent on capital leasing to pay for new buildings and many other projects. With the increase in the number of medium-sized clinics and hospitals offering advanced medical services, the business should enter new markets.
Trammels:
When renting medical tools, you have to deal with several issues. The problem of who owns something is one of the most common. Until the end of the rental period, the lessee of the medical equipment does not own it as much as the owner. Even if the equipment cannot be used during the rental period, the renter must pay the full amount. The only bad thing about renting medical tools is this.
Regional outlook:
In 2021, most of the money will come from North America. Total health care costs continue to rise as health care providers respond to the growing medical needs of an aging population in the United States. Healthcare equipment will continue to be prone to technological changes, increasing demand for healthcare equipment rental in the downstream market, and growth in the pharmaceutical and healthcare industries are some of the factors expected to boost the market over the forecast period. For example, Alliance Funding Group (AFG) helps small, medium and large companies pay for their equipment. AFG has rented and loaned more than $2 billion worth of tools to more than 25,000 customers throughout the United States. Also, renting tools with a shorter product life cycle is often cheaper. As healthcare workers move from volume-based care to value-based care and become more familiar, complex medical devices are likely to become more important to them. So it makes more people want to rent medical tools. Based on what has been said so far, it seems likely that North America will hold the largest market share during the forecast period.
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Scope of the report:
| Report attributes | Detail |
| Growth rate | 9.2% from 2023 to 2030 |
| By type | Surgical & Therapy Equipment Leasing, Digital & Electronic Equipment, Storage & Transportation Leasing Equipment, Personal & Home Care Equipment Leasing, DME, Other |
| According to applications | Hospitals, diagnostic centers, others |
| By companies | De Lage Landen International, GE Capital, National Technology Leasing, Oak Leasing, Rotech Healthcare, Siemens Financial Services and others |
| Base year | 2022 |
| A historic year | 2017-2021 |
| Forecast year | 2023-2030 |
Key segments of the healthcare equipment leasing market:
The best players on the market:
De Lage Landen International, GE Capital, National Technology Leasing, Oak Leasing, Rotech Healthcare, Siemens Financial Services and others.
Healthcare equipment leasing market types:
- Rental of surgical and therapy equipment
- Digital and electronic devices
- Rental of storage and transport equipment
- Leasing of personal and home care equipment
- DME
- other
Healthcare Equipment Leasing Marketby Applications:
- Hospitals
- Diagnostic centers
- other
Regions and countries
- North America: (USA, Canada, Mexico, rest of North America)
- Europe: (Germany, France, Italy, Spain, Great Britain, Nordic countries, Benelux, rest of Europe)
- Asia Pacific: (Japan, China, India, Australia, South Korea, Southeast Asia, Rest of Asia Pacific)
- Middle East and Africa: (Saudi Arabia, UAE, Egypt, South Africa, Rest of Middle East and Africa)
- Latin America: (Brazil, Argentina, rest of Latin America)
- The rest of the world
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