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High Cost of New Equipment and Protection for Technology Upgrades Drive the Global Interest in Medical Equipment Rental and Leasing


Published: August 2017

REPORT STATISTICS


  • Code: MCP-6475
  • Pages: 165
  • Tables: 24
  • Companies: 93


MEDICAL EQUIPMENT RENTAL AND LEASING: A RESEARCH BRIEF

The global market for Medical Equipment Rental and Leasing is projected to reach US$70 billion by 2024, driven by increasing budget constraints, escalating cost of new equipment, competitive need to cost-effectively keep abreast of latest medical equipment technologies, and focus on reducing total cost of ownership (TCO) of capital assets without compromising quality of care. The market is also poised to benefit from the growing availability of flexible rental and leasing plans with affordable payment options such as deferred payments dovetailed to a hospitalís cash flow cycle. Customer friendly clauses for easy equipment upgrades; options to combine multiple equipment into a single leasing plan; shared risk contracts and agreements are few other features that make leasing and rentals attractive for hospitals. Europe represents the largest market worldwide. The United States is forecast to witness above average growth during the analysis period to emerge as one of the fastest growing markets. Strong growth is forecast for Asia-Pacific, Latin America, The Middle East and Africa, supported by factors such as developing healthcare infrastructure; new establishment of large and small hospitals and diagnostic centers; growing healthcare burden and government focus on providing affordable healthcare. 

    Summary of Findings

  • Aging Population and a Parallel Increase in Diagnostic Burden Drives the Demand for Medical Diagnostic Equipment Leasing
  • Rapid Technology Changes and Short Replacement Cycles Spur Preference for Leasing and Renting Medical Equipment
  • Ease of Securing Leasing Agreements Favors the Shift in Preference Towards Medical Equipment Leasing
  • Establishment of Dedicated Rehabilitation Centres for Patients Recovering From Stroke, Traumatic Brain, Spinal Cord Injuries, Paralytic Diseases and Neuromuscular Diseases Drives Demand for Physical Therapy Equipment Leasing
  • High Prices of Nuclear Medical Devices Spurs Demand for Medical Equipment Rental and Leasing Services

    Timeline for Analysis

  • Market Estimates and Forecasts for 2016-2024
  • Historic Review 2011-2015

    Geographic Markets Analyzed

  • US, Japan, Europe, and Rest of World

MAJOR PLAYERS

  • Agfa Finance Corp.
  • Direct Capital Corp.
  • De Lage Landen International B.V.
  • GE Industrial Finance
  • Hill-Rom Holdings, Inc.
  • IBJ Leasing Company Ltd.

KEY RESEARCH DELIVERABLES

  • Review of Industry/Market Structure
  • Analysis of Trends & Drivers
  • Insights on Macro Market Scenarios
  • Market SWOT Analysis
  • Latent Demand Forecasts & Projections
  • Comprehensive Geographic Market Analysis
  • Presentation Ready Facts & Statistical Data Findings
  • Coverage of Major/Niche Players, Market Shares & Competition
  • Coverage of major Company/Technology/Product/Financial Stories
  • Extensive Product/Service/End-Use/Technology Coverage Where Applicable