The report segments the global healthcare equipment leasing market by product (DME, surgical and therapy equipment, personal and home-care equipment, digital and electronic equipment, and storage and transport equipment) and by end-user (hospitals and diagnostics centers). It provides a detailed illustration of the major factors influencing the market, including drivers, opportunities, trends, and industry-specific challenges.
Here are some key findings of the global healthcare equipment leasing market, according to Technavio healthcare and life sciences researchers:
- Inflated cost of healthcare equipment: 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
- De Lage Landen International, GE Capital, National Technology Leasing, Oak Leasing, Rotech Healthcare, and Siemens Financial Services are the leading players in the market
This report is available at a USD 1,000 discount for a limited time only: View market snapshot before purchasing
Buy 1 Technavio report and get the second for 50% off. Buy 2 Technavio reports and get the third for free.
Inflated cost of healthcare equipment: a major market driver
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 the 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 must install the expensive medical equipment’s, due to which, they prefer leasing rather than buying. These end-users contribute largely to the market growth.
Looking for more information on this market? Request a free sample report
Technavio’s sample reports are free of charge and contain multiple sections of the report including the market size and forecast, drivers, challenges, trends, and more.
EMEA dominating the market
The major revenue contributor to the global healthcare equipment leasing market is credited to EMEA. The healthcare equipment leasing market is this region is expected to grow at an even pace. This can be attributed to the changes in government regulations to decrease the 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.”
Competitive vendor landscape
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, De Lage Landen International, Rotech Healthcare, National Technology Leasing, and Oak Leasing. Prominent vendors include companies like CSI Leasing and Apria Healthcare. Also, few emerging players such as Direct Capital (CIT Group), and IBJ Leasing are also making their presence significantly in the global healthcare leasing equipment market.
Get a sample copy of the global healthcare equipment leasing equipment market report free of cost
Access Technavio’s continuously growing orthopedics and medical devices research library and find expert analysis on hundreds of markets.
Technavio is a leading global technology research and advisory company. Their research and analysis focuses on emerging market trends and provides actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions.
With over 500 specialized analysts, Technavio’s report library consists of more than 10,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio’s comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.
If you are interested in more information, please contact our media team at [email protected].
Latest posts by Brad Bennett (see all)
- MasterGraphics.aec Named a U.S. Reseller Partner for CyberCity 3D, Inc. - February 25, 2018
- Dover Downs Hotel & Casino to be Part of POW-MIA Flag National Tour on Thursday, March 1 - February 25, 2018
- Keller Williams is officially the #1 Real Estate company, earned the Triple Crown! - February 25, 2018