The healthcare equipment leasing market has seen considerable growth due to a variety of factors.
• The healthcare equipment leasing market has expanded significantly in recent years. It is expected to grow from $59.58 billion in 2024 to $65.54 billion in 2025, achieving a compound annual growth rate (CAGR) of 10.0%.
This growth is attributed to the enhanced focus on supply chain efficiency, the rise in personalized medicine, the expansion of veterinary healthcare, the increasing demand for rehabilitation equipment, and the growth of outpatient services.
The healthcare equipment leasing market is expected to maintain its strong growth trajectory in upcoming years.
• The healthcare equipment leasing market is projected to grow significantly, reaching $94.66 billion by 2029 at a CAGR of 9.6%.
Factors fueling growth include the rise in the number of hospitals and clinics, a growing number of companies offering medical equipment leases, heightened demand for advanced medical equipment, the escalating costs of medical equipment, and expanding healthcare infrastructure. Trends to watch include sustainability, telehealth and remote monitoring, enhanced data security and integration, equipment utilization optimization, the adoption of value-based care models, and specialized equipment leasing.
The rising number of hospitals is expected to drive the growth of the healthcare equipment leasing market. Demographic changes, chronic disease growth, and increased health awareness are leading to a growing demand for hospital facilities. Hospitals require leasing of advanced medical equipment to meet ongoing needs. The American Hospital Association reported that there were 6,120 hospitals in the U.S. in 2022. Therefore, the increasing number of hospitals is driving the healthcare equipment leasing market.
The healthcare equipment leasing market covered in this report is segmented –
1) By Device Type: Personal And Homecare Leasing Equipment, Digital And Electronic Equipment, Surgical And Therapy Leasing Equipment, Durable Medical Equipment (DME), Storage And Transport Leasing Equipment, Other Device Types
2) By Device Finance Type: New Medical Equipment, Rental Equipment, Refurbished Equipment, Other Device Finance Types
3) By End-User: Ambulatory Surgical Services, Hospitals, Homecare, Laboratory And Diagnostic Centers, Other End Users
Subsegments:
1) By Personal And Homecare Leasing Equipment: Home Oxygen Equipment, CPAP Machines, Mobility Aids (Wheelchairs, Walkers), Personal Monitoring Devices
2) By Digital And Electronic Equipment: Diagnostic Imaging Equipment (X-ray, MRI, CT scanners), Patient Monitoring Systems, Electronic Medical Records (EMR) Systems, Diagnostic And Lab Testing Equipment
3) By Surgical and Therapy Leasing Equipment: Surgical Instruments, Anesthesia Machines, Physiotherapy Equipment, Laser Therapy Equipment
4) By Durable Medical Equipment (DME): Hospital Beds, Respiratory Equipment, Orthopedic Devices, Patient Lifts and Hoists
5) By Storage And Transport Leasing Equipment: Refrigerators/Freezers for Medical Use, Medical Waste Storage Containers, Patient Transport Stretchers, Medical Storage Cabinets
6) By Other Device Types: Laboratory Equipment, Dialysis Machines, Defibrillators, Infusion Pumps
Top firms in the healthcare equipment leasing market are offering flexible financial solutions to aid healthcare providers in obtaining state-of-the-art equipment. Flexible financing refers to a wide array of financial plans that provide versatility and adaptability to fulfil the requirements of lenders or purchasers. For example, in June 2024, Capital MBS, a marketplace for funding solutions based in the US, introduced flexible financing solutions for the medical and dental industries, by collaborating with reputable banks. This enabled healthcare providers to acquire leading-edge equipment without burdensome upfront costs or delays. The options include funding for diagnostic devices like MRI and CT scanners, X-ray systems, surgical tools, dental tech, patient care equipment, and lab instruments. An efficient online application process aids quick access to these funding solutions, thereby supporting healthcare professionals in obtaining the necessary funding for crucial medical technology.
Major companies operating in the healthcare equipment leasing market are:
• McKesson Corporation
• Stryker Corporation
• Far East Horizon Limited
• Hill-Rom Holdings Inc.
• Getinge AB
• Genertec Universal Medical Group
• Encore Medical Capital
• Agiliti Inc.
• CWB Financial Group
• Meridian Group International Inc.
• Crossroads Equipment Lease and Finance
• AvTech Capital LLC
• United Leasing & Finance
• Med One Group
• Providence Capital Funding Inc.
• Lease Corporation of America
• Dext Capital LLC
• Crest Capital
• Oak Leasing Ltd
• Madison Capital LLC
• National Technology Leasing Corp
• Insight Financial Services
• Liberty Capital Group
North America was the largest region in the healthcare equipment leasing market in 2024. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the healthcare equipment leasing market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.