By product, the healthcare equipment leasing market witnessed maximum growth in the durable medical equipment segment in 2020. Factors such as high demand among end-users, easy availability, and the availability of reimbursement coverage are contributing to the growth of the segment.
Similarly, in terms of geography, the market is expected to observe maximum growth opportunities in North America. The region occupied about 37% of the market share in 2020. The growth of the market in North America can be attributed to the rising adoption of leasing equipment and expanding target population. Also, the establishment of new healthcare facilities in the region will contribute to the growth of the market.
Healthcare Equipment Leasing Market: Major Growth Drivers
The healthcare equipment leasing market growth is expected to be driven by the following factors:
- Inflated cost of healthcare equipment
- Growing demand for equipment leasing from low budget healthcare facilities
Also, continuous technological advances are expected to have a positive impact on the growth of the healthcare equipment leasing market during 2021-2025. The rising need for improved healthcare is creating the demand for upgraded medical equipment and related technologies. However, upgrading medical equipment used in medical imaging, endoscopy, and other related procedures is highly expensive. Also, it requires significant expenditure by healthcare facilities to continuously replace the on-demand equipment and keep pace with technological innovations. Hence, healthcare facilities are considering leasing as a feasible option to keep up the pace in the changing healthcare environment. This trend in the healthcare industry is expected to foster the growth of the global healthcare equipment leasing market during the forecast period.
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Healthcare Equipment Leasing Market: Key Vendor Offerings
Agfa-Gevaert NV: The company deals with sales and leasing of various healthcare equipment through its subsidiary Agfa HealthCare.
Hill-Rom Holdings Inc.: The company provides healthcare equipment rental and leasing services for beds and surfaces.
Koninklijke Philips NV: The company offers leasing solutions for various diagnostic imaging equipment such as x-ray, computed tomography, ultrasound systems, and positron emission tomography.
Oak Leasing Ltd.: The company provides equipment leasing services to the healthcare and medical industry across the UK and Europe.
Rabobank Group: The company offers operating and capital leasing solutions for healthcare equipment.
Reasons to Buy Healthcare Equipment Leasing Market Report:
- CAGR of the market during the forecast period 2021-2025
- Detailed information on factors that will assist healthcare equipment leasing market growth during the next five years
- Estimation of the healthcare equipment leasing market size and its contribution to the parent market
- Predictions on upcoming trends and changes in consumer behavior
- The growth of the healthcare equipment leasing market across North America, Europe, Asia, and ROW
- Analysis of the market's competitive landscape and detailed information on vendors
- Comprehensive details of factors that will challenge the growth of healthcare equipment leasing market vendors
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Healthcare Equipment Leasing Market Scope |
Report Coverage |
Details |
Page number |
120 |
Base year |
2020 |
Forecast period |
2021-2025 |
Growth momentum & CAGR |
Accelerate at a CAGR of about 6% |
Market growth 2021-2025 |
$ 16.27 billion |
Market structure |
Fragmented |
YoY growth (%) |
5.10 |
Regional analysis |
North America, Europe, Asia, and ROW |
Performing market contribution |
North America at 37% |
Key consumer countries |
US, Germany, Japan, UK, and France |
Competitive landscape |
Leading companies, competitive strategies, consumer engagement scope |
Companies profiled |
Agfa-Gevaert NV, Hill-Rom Holdings Inc., Koninklijke Philips NV, Oak Leasing Ltd., Rabobank Group, Siemens AG, Stryker Corp., Teachers Insurance and Annuity Association of America, The Blackstone Group Inc., and Tokyo Century Corp. |
Market Dynamics |
Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID-19 impact and future consumer dynamics, and market condition analysis for the forecast period. |
Customization purview |
If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized. |
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