The healthcare equipment leasing market is fragmented, and the vendors are deploying growth strategies such as organic and inorganic strategies to compete in the market. Agfa-Gevaert NV, De Lage Landen International BV, Hill-Rom Holdings Inc., Koninklijke Philips NV, Oak Leasing Ltd., Siemens AG, Stryker Corp., Teachers Insurance and Annuity Association of America, The Blackstone Group Inc., and Tokyo Century Corp. are among some of the major market participants.
The size of the healthcare equipment leasing market is expected to grow by USD 17.14 bn from 2019 to 2024. In addition, the growth momentum of the market will accelerate at a CAGR of 6.8% during the forecast period.
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Healthcare Equipment Leasing Market 2020-2024: Scope
The healthcare equipment leasing market report covers the following areas:
- Healthcare Equipment Leasing Market Size
- Healthcare Equipment Leasing Market Trends
- Healthcare Equipment Leasing Market Industry Analysis
Healthcare Equipment Leasing Market 2020-2024: Driver and Challenge
The growing demand for equipment leasing from low-budget healthcare facilities is driving the growth of the market. Leasing equipment offers several advantages, such as the low initial expenditure for acquiring assets, tax-deductible features, and easy tax returns on leased equipment. Furthermore, the leased equipment does not require a down-payment. By leasing, healthcare facilities can easily upgrade the equipment in the future. Thus, the growing demand for leasing equipment among small hospitals is driving the global healthcare equipment leasing market.
The demand for refurbished medical equipment may challenge the growth of the market. Many end-users prefer refurbished medical to cut down the high costs. The cost of refurbished equipment is lower than new equipment by almost six or seven. Therefore, small and medium hospitals and diagnostic centers prefer buying refurbished equipment instead of renewing a lease. In addition, refurbished equipment comes with a few years of warranty. Buyers can assemble the parts or replace one part, which is more cost-effective rather than buying new equipment. The demand for such refurbished equipment is increasing and will have a significant impact on the sales and profit margins of vendors that offer original or new equipment.
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Healthcare Equipment Leasing Market 2020-2024: Segmentation
- Product
- Durable Medical Equipment
- Surgical And Therapy Equipment Leasing
- Personal And Home-care Equipment
- Digital And Electronic Equipment Leasing
- Storage And Transport Equipment Leasing
- Geography
- North America
- Europe
- Asia
- ROW
Healthcare Equipment Leasing Market 2020-2024: Key Highlights
- CAGR of the market during the forecast period 2020-2024
- 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
- 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
