Healthcare Equipment Leasing Market By Type (Surgical & Therapy Leasing Equipment, Digital & Electronic Equipment, Storage & Transport Leasing Equipment, Personal & Homecare Leasing Equipment, and DME), By Application (Hospitals, Diagnostic Centers, and Others), and By Region (North America, Europe, Asia Pacific, Latin America, and Middle East & Africa) - Trends, Analysis and Forecast till 2034

Healthcare Equipment Leasing Market was valued at US$ 56.2 billion in 2024 and is projected to grow at a CAGR of 7.9% to reach US$ 112.4 billion by 2034.

Healthcare equipment leasing refers to renting medical equipment and gadgets rather than buying them altogether. Thanks to this financing option, healthcare establishments may now afford to acquire cutting-edge technology. In the healthcare sector, leasing agreements frequently encompass maintenance and upgrades, providing the flexibility to adjust to changing technical and medical needs while managing financial limitations.

The main factors driving the healthcare equipment leasing industry are the need for flexible healthcare infrastructure, cost-effective procurement choices, and the growing demand for cutting-edge medical technology. Healthcare facilities that are constrained by finances sometimes look to leasing agreements to obtain cutting-edge technology without having to pay large upfront expenditures. Leasing is recommended as a strategic way to maintain modern facilities due to the speed at which medical gadgets and diagnostic equipment are advancing technologically. Leasing also provides flexibility in operations, enabling healthcare companies to adjust to changing trends in the market and patient demands. Furthermore, the need for leased equipment is fueled by the expansion of outpatient services and the rising significance of preventative healthcare.

However, strict leasing conditions put forth by the lease contractors is a major restrain hindering the market. It is difficult for healthcare organizations to comply with these stringent policies, so they step back from leasing the equipment. Moreover, refurbished equipment is replacing leasing practices as second-hand equipment is affordable, and hospitals do not have to undergo strict lease policies. The factors above can threaten the target market in the upcoming years.

Disclaimer: This data is only a representation. Actual data may vary and will be available in the report.

Healthcare Equipment Leasing Market Key Drivers:

• Increasing demand for cutting-edge medical technology

Sophisticated and high-throughput healthcare equipment is crucial as the need for prompt and accurate disease detection and treatment rises. Because of this, healthcare institutions need access to the newest and most cutting-edge healthcare equipment, which might be expensive to buy entirely.

Leasing is a financially sensible option, enabling healthcare organizations to obtain top-notch equipment without requiring a substantial initial outlay. Many hospitals cannot acquire high-end medical equipment because of the upfront costs associated with installation and upkeep.

Consequently, many institutions use asset finance or leasing to purchase the newest and most cutting-edge surgical equipment systems and diagnostic equipment. This driver is further supported by the healthcare industry's ongoing technical improvements, which create a never-ending need for new equipment.

• Laws set by Regulatory authorities

Industry standards and regulatory compliance are major factors influencing how the healthcare equipment leasing market develops. In addition, as healthcare facilities adhere to preventing infection and patient safety, leasing service providers provide solutions that incorporate features like sterilization protocols, maintenance schedules, and remote monitoring capabilities.

Stringent rules regarding equipment safety, repair, and efficiency drive leasing service providers to ensure that leased equipment meets or exceeds regulatory requirements. The emphasis on patient safety and regulatory compliance makes leasing choices more appealing, which in turn fuels demand for healthcare equipment leasing solutions that prioritize quality, dependability, and adherence to healthcare standards.

Healthcare Equipment Leasing Market Restrains:

• Rigorous contract negotiations

One major factor impeding the market is the rigorous contract negotiations for the equipment. Many small and moderate hospitals and other institutions that lease equipment over a contract need help to pertain to all the conditions set by the lease contractors.

These conditions are often unnegotiable, and the healthcare institutions need to comply with them. This poses a challenge for these bodies, which results in less leasing of the equipment, which in turn is a major cause for the market to hamper.

The Healthcare Equipment Leasing Market is segmented based on Type, Application and region:

Type Insights:

• Surgical & Therapy Leasing Equipment:

The surgical and therapy Leasing Equipment category covers a wide variety of equipment used in patient care interventions, including surgical instruments and therapeutic devices.

• Digital & Electronic Equipment:

Digital & Electronic Equipment category includes patient monitoring tools, electronic medical records (EMR) systems, and sophisticated diagnostic imaging systems. These tools aid in the efficient monitoring of patient care and diagnosis.

• Storage & Transport Leasing Equipment:

Storage & Transport Leasing Equipment includes equipment, medications, and medical supply storage and transportation options that maximize inventory control and operational effectiveness inside healthcare institutions. 

• Personal & Homecare Leasing Equipment:

Personal & Homecare Leasing Equipment category covers the rising need for devices and equipment for use in the home, such as infusion pumps, respiratory therapy equipment, and mobility aids, which allow patients to get treatment conveniently in their homes.

• DME:

Durable medical equipment (DME) is long-lasting medical equipment utilized in clinical and homecare settings for patient care, rehabilitation, and mobility aids. Examples of DME include wheelchairs, hospital beds, and prostheses.

Among the segments mentioned above, the one that dominated the market is the DME (Durable Medical Equipment) segment because of the rising need for long-term care, personal mobility, and safety equipment. Additionally, certain pieces of equipment include maintenance and replacements.

Application Insights:

• Hospitals:

Hospitals provide various treatment and diagnostic services, for which a wide variety of equipment is needed. These hospitals lease medical equipment on a contract basis for a fixed amount of time.

• Diagnostic Centers:

Diagnostic centers require medical equipment to diagnose diseases. They need equipment like mammography, sonography, MRI machines, CT scans, etc., which they lease from dealers.

• Others:

Other segments include ambulatory surgical centers, clinics, and research institutes, which lease equipment when needed for a short period from the suppliers.

Among the segments mentioned above, the one that dominates the market is the Hospitals segment, as hospitals require a wide range of equipment from every branch of healthcare services. Buying each piece of equipment in its latest version would cost them a fortune. However, renting the equipment allows them a better chance of replacing a current product with the latest version.

Regional Insights:

Disclaimer: This data is only a representation. Actual data may vary and will be available in the report.

Healthcare Equipment Leasing Market Regional Insights

• North America market is estimated to witness a significantly large revenue share over the forecast period due to the developed healthcare system, the rise in chronic diseases, sophisticated healthcare infrastructure, the rise in demand for healthcare services, and the strong foothold of key market players, among others.
• The Asia Pacific market is estimated to witness the fastest revenue share because of rising healthcare expenditures, growing demand for advanced medical equipment, increasing healthcare infrastructure, and growing population.
• Europe's market offers lucrative opportunities owing to its established healthcare infrastructure, growing aging population, and stringent regulatory authorities. The market is also on the rise in this region due to rising awareness about leasing services for medical equipment.
• Latin America market is increasing gradually due to the increasing partnership with leasing authorities, rising healthcare infrastructure, and demand for enhanced patient care services.
• Middle East & Africa market is an emerging market due to expanding healthcare infrastructure, growing government initiatives, and rising partnerships between healthcare centers and leasing authorities.

Report Scope:

Attribute	Details
Market Size 2024	US$ 56.2 billion
Projected Market Size 2034	US$ 112.4 billion
CAGR Growth Rate	7.9%
Base year for estimation	2023
Forecast period	2024 – 2034
Market representation	Revenue in USD Billion & CAGR from 2024 to 2034
Market Segmentation	By Type - Surgical & Therapy Leasing Equipment, Digital & Electronic Equipment, Storage & Transport Leasing Equipment, Personal & Homecare Leasing Equipment, and DME. By Application - Hospitals, Diagnostic Centers, and Others.
Regional scope	North America - U.S., Canada Europe - UK, Germany, Spain, France, Italy, Russia, Rest of Europe Asia Pacific - Japan, India, China, South Korea, Australia, Rest of Asia-Pacific Latin America - Brazil, Mexico, Argentina, Rest of Latin America Middle East & Africa - South Africa, Saudi Arabia, UAE, Rest of Middle East & Africa
Report coverage	Revenue forecast, company share, competitive landscape, growth factors, and trends

Segments Covered in the Report:

This report forecasts revenue growth at global, regional, and country levels and analyzes the latest industry trends and opportunities in each sub-segments from 2024 to 2034. For this study, has segmented the Healthcare Equipment Leasing Market report based on Type, Application and region:

Healthcare Equipment Leasing Market, By Type:

• Surgical & Therapy Leasing Equipment
• Digital & Electronic Equipment
• Storage & Transport Leasing Equipment
• Personal & Homecare Leasing Equipment
• DME

Healthcare Equipment Leasing Market, By Application:

• Hospitals
• Diagnostic Centers
• Others

Healthcare Equipment Leasing Market, By Region:

• North America
  • U.S.
  • Canada
• Europe
  • Germany
  • UK
  • France
  • Russia
  • Italy
  • Rest of Europe
• Asia Pacific
  • China
  • India
  • Japan
  • South Korea
  • Rest of Asia Pacific
• Latin America
  • Brazil
  • Mexico
  • Rest of Latin America
• Middle East & Africa
  • GCC
  • Israel
  • South Africa
  • Rest of Middle East & Africa

The key players operating the Healthcare Equipment Leasing Market includes De Lage Landen International, Inc., General Electric Capital Corporation, National Technology Leasing corp., Oak Leasing Ltd., Rotech Healthcare, Inc., Siemens Financial Services Private Limited, Apria Healthcare, Inc., Byline Financial Group LLC, CIT Group, Inc., and Complete Leasing Solutions Ltd.

Recent Developments:

• In January 2023, MedEquip Leasing, a prominent healthcare equipment leasing enterprise, declared a strategic alliance with HealthTech Innovations to deliver state-of-the-art equipment solutions to healthcare providers.
• In June 2023, GlobalLease, a leading healthcare equipment leasing company, debuted an AI-powered equipment optimization platform. This innovative solution facilitates operational efficiency and enhances patient outcomes for healthcare organizations.
• In September 2021, Sizewise Rentals, a US-based medical equipment rental firm was acquired by Agiliti at purchase for USD 230 million. In the acute and post-acute care industries, Sizewise provides services to over 3,000 clients by producing and selling specialized hospital beds, surfaces, patient handling equipment, and mobility equipment.

• De Lage Landen International, Inc.*
  • Company Overview
  • Product Portfolio
  • Key Highlights
  • Financial Performance
  • Business Strategies
• General Electric Capital Corporation
• National Technology Leasing corp.
• Oak Leasing Ltd.
• Rotech Healthcare, Inc.
• Siemens Financial Services Private Limited
• Apria Healthcare, Inc.
• Byline Financial Group LLC
• CIT Group, Inc.
• Complete Leasing Solutions Ltd.

“*” marked represents similar segmentation in other categories in the respective section.