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Healthcare Equipment Leasing Market by Product and Geography - Forecast and Analysis 2021-2025

  • Published: Sep 2021
  • Pages: 132
  • SKU: IRTNTR41642
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The healthcare equipment leasing market share is expected to increase by USD 17.14 bn from 2019 to 2024, and the market’s growth momentum will accelerate at a CAGR of 6.8%.

This healthcare equipment leasing market research report provides valuable insights on the post COVID-19 impact on the market, which will help companies evaluate their business approaches. Furthermore, this report extensively covers healthcare equipment leasing market segmentations by product (durable medical equipment, surgical and therapy equipment leasing, personal and home-care equipment, digital and electronic equipment leasing, and storage and transport equipment leasing) and geography (North America, Europe, Asia, and ROW). The healthcare equipment leasing market report also offers information on several market vendors, including 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. among others.

What will the Healthcare Equipment Leasing Market Size be During the Forecast Period?

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Healthcare Equipment Leasing Market: Key Drivers, Trends, and Challenges

Based on our research output, there has been a positive impact on the market growth during and post COVID-19 era. The inflated cost of healthcare equipment is notably driving the healthcare equipment leasing market growth, although factors such as may impede market growth. Our research analysts have studied the historical data and deduced the key market drivers and the COVID-19 pandemic impact on the healthcare equipment leasing industry. The holistic analysis of the drivers will help in deducing end goals and refining marketing strategies to gain a competitive edge.

Key Healthcare Equipment Leasing Market Driver

Inflated cost of healthcare equipment is a major driver shaping the Among the different segments of the global healthcare equipment leasing market, the diagnostic imaging equipment leasing segment accounts for the largest share. The high cost of medical equipment has shifted the preference of end-users toward leasing instead of buying new equipment. This way, the high maintenance and installation cost is reduced. The high cost of medical imaging equipment is a big challenge for privately-owned diagnostics centers and small-scale hospitals. The majority of these end-users opt for leasing equipment to facilitate their process at low costs and thereby contribute largely toward market growth.The rising rate of the geriatric population and the increasing demand for home-based anesthesia devices are also playing key roles. Thus, the high cost of healthcare equipment will force end-users to opt for leasing the equipment and thereby contribute toward the growth of the market.

Key Healthcare Equipment Leasing Market Trend

The upcoming trend of Uberization will likely bloom due to three main factors, which in turn will drive the demand for leasing equipment at a larger scale. The entry of key manufacturers in the global healthcare equipment leasing market will boost the growth in the coming years. Asset financing is a preferable option for acquiring medical equipment. The market is highly fragmented, with the presence of several players. New players are entering the market, and existing players are strengthening their positions with flexible leasing plans. The trend of urbanization will be driven by start-ups as these are depending on leasing and renting medical equipment to start their small business.Uberization is also driven by the largely Millennial workforce, as these have penetrated the market in recent years more than expected. In addition, they put efforts to lead and discover their ways to find innovative ways of doing business and consider the end-user experience more while providing quality service. They are focused on automation and personalization to provide the best-suited financing options to end-users.

Key Healthcare Equipment Leasing Market Challenge

Refurbished medical equipment is an attractive option for many end-users, who are eager to cut down the high costs yet can obtain the necessary healthcare equipment. Healthcare equipment manufacturers are facing intense competition from vendors that offer a broad range of refurbished equipment. The cost of refurbished equipment is almost 6-7 times lower than the new equipment. Therefore, small and mid-sized hospitals and diagnostic centers opt for buying them instead of paying for renewing the lease. They also prefer refurbished equipment over leased equipment as these come with a few years of warranty, which may vary with the type of equipment and its manufacturing year.  Also, in some cases, the buyers can assemble the parts or replace one part, which is cost-effective rather than buying whole new equipment. This is a common practice in developing and low-income countries. The demand for such refurbished equipment is increasing and will have a significant impact on sales and profit margins of vendors who are offering original/new equipment. 

This healthcare equipment leasing market analysis report also provides detailed information on other upcoming trends and challenges that will have a far-reaching effect on the market growth. The actionable insights on the trends and challenges will help companies evaluate and develop growth strategies for 2020-2024.

Parent Market Analysis

Technavio categorizes the global healthcare equipment leasing market as a part of the global healthcare equipment market.Our research report has extensively covered external factors influencing the parent market growth potential in the coming years, which will determine the levels of growth of the healthcare equipment leasing market during the forecast period.

Who are the Major Healthcare Equipment Leasing Market Vendors?

The report analyzes the market’s competitive landscape and offers information on several market vendors, including:

 

  • 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.
  • Tokyo Century Corp.

 

This statistical study of the healthcare equipment leasing market encompasses successful business strategies deployed by the key vendors. 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.

To make the most of the opportunities and recover from post COVID-19 impact, market vendors should focus more on the growth prospects in the fast-growing segments, while maintaining their positions in the slow-growing segments.

The healthcare equipment leasing market forecast report offers in-depth insights into key vendor profiles. The profiles include information on the production, sustainability, and prospects of the leading companies.

Healthcare Equipment Leasing Market Value Chain Analysis

Our report provides extensive information on the value chain analysis for the healthcare equipment leasing market, which vendors can leverage to gain a competitive advantage during the forecast period. The end-to-end understanding of the value chain is essential in profit margin optimization and evaluation of business strategies. The data available in our value chain analysis segment can help vendors drive costs and enhance customer services during the forecast period.

The value chain of global healthcare equipment market includes the following core components:

  • Inputs
  • Inbound logistics
  • Operations
  • Outbound logistics
  • Marketing and sales
  • Service
  • Support activities
  • Innovation

The report has further elucidated on other innovative approaches being followed by manufacturers to ensure a sustainable market presence.

 

Which are the Key Regions for Healthcare Equipment Leasing Market?

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41% of the market’s growth will originate from North America during the forecast period. US is the key markets for market in North America. Market growth in this region will be faster than the growth of the market in regions.

The growing demand for equipment leasing from low-budget healthcare facilities will facilitate the market growth in North America over the forecast period. This market research report entails detailed information on the competitive intelligence, marketing gaps, and regional opportunities in store for vendors, which will assist in creating efficient business plans

What are the Revenue-generating Product Segments in the Healthcare Equipment Leasing Market?

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The healthcare equipment leasing market share growth by the durable medical equipment segment has been significan

Besides the above-mentioned factors, the post COVID-19 impact has brought forth a slowdown in or fast tracked the demand for the service or product. This report provides an accurate prediction of the contribution of all the segments to the growth of the healthcare equipment leasing market size and actionable market insights on post COVID-19 impact on each segment.

 

Healthcare Equipment Leasing Market Scope

Report Coverage

Details

Page number

120

Base year

2019

Forecast period

2020-2024

Growth momentum & CAGR

Accelerate at a CAGR of 6.8%

Market growth 2020-2024

USD 17.14 billion

Market structure

Fragmented

YoY growth (%)

6.70

Regional analysis

North America, Europe, APAC, and ROW

Performing market contribution

North America at 41%

Key consumer countries

US, Germany, Japan, and France

Competitive landscape

Leading companies, Competitive strategies, Consumer engagement scope

Key companies profiled

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.

Market dynamics

Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID 19 impact and recovery analysis and future consumer dynamics, Market condition analysis for forecast period

Customization purview

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What are the Key Data Covered in this Healthcare Equipment Leasing Market Report?

  • CAGR of the market during the forecast period 2020-2024
  • Detailed information on factors that will drive healthcare equipment leasing market growth during the next five years
  • Precise estimation of the healthcare equipment leasing market size and its contribution to the parent market
  • Accurate predictions on upcoming trends and changes in consumer behavior
  • The growth of the healthcare equipment leasing industry across North America, Europe, APAC, and ROW
  • A thorough 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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Read More Read Less

1 Executive Summary

2 Market Landscape

  • 2.1 Market ecosystem
    • Exhibit 02: Market characteristics
    • Exhibit 03: Value chain analysis: Healthcare equipment
  • 2.2 Value chain analysis

3 Market Sizing

  • 3.1 Market definition
    • Exhibit 05: Market segments
  • 3.2 Market segment analysis
  • 3.3 Market size 2020
    • Exhibit 06: Global - Market size and forecast 2020 - 2025 ($ million)
  • 3.4 Market outlook: Forecast for 2020 - 2025
    • Exhibit 07: Global market: Year-over-year growth 2020 - 2025 (%)

4 Five Forces Analysis

  • 4.1 Five forces summary
  • 4.2 Bargaining power of buyers
    • Exhibit 09: Bargaining power of buyers
  • 4.3 Bargaining power of suppliers
    • Exhibit 10: Bargaining power of suppliers
    • Exhibit 11: Threat of new entrants
  • 4.4 Threat of new entrants
  • 4.5 Threat of substitutes
    • Exhibit 12: Threat of substitutes
  • 4.6 Threat of rivalry
    • Exhibit 13: Threat of rivalry
    • Exhibit 14: Market condition - Five forces 2020
  • 4.7 Market condition

5 Market Segmentation by Product

  • 5.1 Market segments
    • Exhibit 16: Comparison by Product
  • 5.2 Comparison by Product
    • Exhibit 17: Durable medical equipment - Market size and forecast 2020-2025 ($ million)
  • 5.3 Durable medical equipment - Market size and forecast 2020-2025
    • Exhibit 18: Durable medical equipment - Year-over-year growth 2020-2025 (%)
    • Exhibit 19: Surgical and therapy equipment leasing - Market size and forecast 2020-2025 ($ million)
  • 5.4 Surgical and therapy equipment leasing - Market size and forecast 2020-2025
    • Exhibit 20: Surgical and therapy equipment leasing - Year-over-year growth 2020-2025 (%)
    • Exhibit 21: Personal and home-care equipment - Market size and forecast 2020-2025 ($ million)
  • 5.5 Personal and home-care equipment - Market size and forecast 2020-2025
    • Exhibit 22: Personal and home-care equipment - Year-over-year growth 2020-2025 (%)
    • Exhibit 23: Digital and electronic equipment leasing - Market size and forecast 2020-2025 ($ million)
  • 5.6 Digital and electronic equipment leasing - Market size and forecast 2020-2025
    • Exhibit 24: Digital and electronic equipment leasing - Year-over-year growth 2020-2025 (%)
    • Exhibit 25: Storage and transport equipment leasing - Market size and forecast 2020-2025 ($ million)
  • 5.7 Storage and transport equipment leasing - Market size and forecast 2020-2025
    • Exhibit 26: Storage and transport equipment leasing - Year-over-year growth 2020-2025 (%)
    • Exhibit 27: Market opportunity by Product
  • 5.8 Market opportunity by Product

6 Customer landscape

7 Geographic Landscape

  • 7.1 Geographic segmentation
    • Exhibit 30: Geographic comparison
  • 7.2 Geographic comparison
    • Exhibit 31: North America - Market size and forecast 2020-2025 ($ million)
  • 7.3 North America - Market size and forecast 2020-2025
    • Exhibit 32: North America - Year-over-year growth 2020-2025 (%)
    • Exhibit 33: Europe - Market size and forecast 2020-2025 ($ million)
  • 7.4 Europe - Market size and forecast 2020-2025
    • Exhibit 34: Europe - Year-over-year growth 2020-2025 (%)
    • Exhibit 35: Asia - Market size and forecast 2020-2025 ($ million)
  • 7.5 Asia - Market size and forecast 2020-2025
    • Exhibit 36: Asia - Year-over-year growth 2020-2025 (%)
    • Exhibit 37: ROW - Market size and forecast 2020-2025 ($ million)
  • 7.6 ROW - Market size and forecast 2020-2025
    • Exhibit 38: ROW - Year-over-year growth 2020-2025 (%)
    • Exhibit 39: Key leading countries
  • 7.7 Key leading countries
  • 7.8 Market opportunity by geography
    • Exhibit 40: Market opportunity by geography ($ million)

8 Drivers, Challenges, and Trends

  • 8.1 Market drivers
  • 8.2 Market challenges
    • Exhibit 41: Impact of drivers and challenges
  • 8.3 Market trends

9 Vendor Landscape

  • 9.1 Overview
    • Exhibit 43: Landscape disruption
  • 9.2 Landscape disruption
    • Exhibit 44: Industry risks

10 Vendor Analysis

  • 10.1 Vendors covered
  • 10.2 Market positioning of vendors
    • Exhibit 46: Market positioning of vendors
    • Exhibit 47: Agfa-Gevaert NV - Overview
    • Exhibit 48: Agfa-Gevaert NV - Business segments
  • 10.3 Agfa-Gevaert NV
    • Exhibit 49: Agfa-Gevaert NV - Key offerings
    • Exhibit 50: Agfa-Gevaert NV - Segment focus
    • Exhibit 51: Hill-Rom Holdings Inc. - Overview
    • Exhibit 52: Hill-Rom Holdings Inc. - Business segments
  • 10.4 Hill-Rom Holdings Inc.
    • Exhibit 53: Hill-Rom Holdings Inc. - Key offerings
    • Exhibit 54: Hill-Rom Holdings Inc. - Segment focus
    • Exhibit 55: Koninklijke Philips NV - Overview
    • Exhibit 56: Koninklijke Philips NV - Business segments
  • 10.5 Koninklijke Philips NV
    • Exhibit 57: Koninklijke Philips NV - Key offerings
    • Exhibit 58: Koninklijke Philips NV - Segment focus
    • Exhibit 59: Oak Leasing Ltd. - Overview
    • Exhibit 60: Oak Leasing Ltd. - Business segments
  • 10.6 Oak Leasing Ltd.
    • Exhibit 61: Oak Leasing Ltd. - Key offerings
    • Exhibit 62: Rabobank Group - Overview
    • Exhibit 63: Rabobank Group - Business segments
  • 10.7 Rabobank Group
    • Exhibit 64: Rabobank Group - Key offerings
    • Exhibit 65: Rabobank Group - Segment focus
    • Exhibit 66: Siemens AG - Overview
    • Exhibit 67: Siemens AG - Business segments
  • 10.8 Siemens AG
    • Exhibit 68: Siemens AG- Key news
    • Exhibit 69: Siemens AG - Key offerings
    • Exhibit 70: Siemens AG - Segment focus
    • Exhibit 71: Stryker Corp. - Overview
    • Exhibit 72: Stryker Corp. - Business segments
  • 10.9 Stryker Corp.
    • Exhibit 73: Stryker Corp. - Key offerings
    • Exhibit 74: Stryker Corp. - Segment focus
    • Exhibit 75: Teachers Insurance and Annuity Association of America - Overview
    • Exhibit 76: Teachers Insurance and Annuity Association of America - Business segments
  • 10.10 Teachers Insurance and Annuity Association of America
    • Exhibit 77: Teachers Insurance and Annuity Association of America - Key offerings
    • Exhibit 78: Teachers Insurance and Annuity Association of America - Segment focus
    • Exhibit 79: The Blackstone Group Inc. - Overview
    • Exhibit 80: The Blackstone Group Inc. - Business segments
  • 10.11 The Blackstone Group Inc.
    • Exhibit 81: ?The Blackstone Group Inc.- Key news
    • Exhibit 82: The Blackstone Group Inc. - Key offerings
    • Exhibit 83: The Blackstone Group Inc. - Segment focus
    • Exhibit 84: Tokyo Century Corp. - Overview
    • Exhibit 85: Tokyo Century Corp. - Business segments
  • 10.12 Tokyo Century Corp.
    • Exhibit 86: Tokyo Century Corp. - Key offerings
    • Exhibit 87: Tokyo Century Corp. - Segment focus

11 Appendix

  • 11.1 Scope of the report
    • Exhibit 88: Currency conversion rates for US$
  • 11.2 Currency conversion rates for US$
    • Exhibit 89: Research Methodology
  • 11.3 Research methodology
    • Exhibit 90: Validation techniques employed for market sizing
    • Exhibit 91: Information sources
    • Exhibit 92: List of abbreviations
  • 11.4 List of abbreviations

Research Framework

Technavio presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources. The analysts have presented the various facets of the market with a particular focus on identifying the key industry influencers. The data thus presented is comprehensive, reliable, and the result of extensive research, both primary and secondary.

TechnavioINFORMATION SOURCES

Primary sources

  • Manufacturers and suppliers
  • Channel partners
  • Industry experts
  • Strategic decision makers

Secondary sources

  • Industry journals and periodicals
  • Government data
  • Financial reports of key industry players
  • Historical data
  • Press releases
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TechnavioDATA ANALYSIS

Data Synthesis

  • Collation of data
  • Estimation of key figures
  • Analysis of derived insights

Data Validation

  • Triangulation with data models
  • Reference against proprietary databases
  • Corroboration with industry experts
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TechnavioREPORT WRITING

Qualitative

  • Market drivers
  • Market challenges
  • Market trends
  • Five forces analysis

Quantitative

  • Market size and forecast
  • Market segmentation
  • Geographical insights
  • Competitive landscape
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The healthcare equipment leasing market market growth will increase by $USD 17.14 bn during 2021-2024.
The healthcare equipment leasing market market is expected to grow at a CAGR of 6.8% during 2021-2024.
Technavio has segmented the healthcare equipment leasing market market by product (durable medical equipment, surgical and therapy equipment leasing, personal and home-care equipment, digital and electronic equipment leasing, storage and transport equipment leasing, and Storage and transport equipment leasing) ,geography (North America, Europe, Asia, and ROW) , and geographic (North America, Europe, and Asia).
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., Tokyo Century Corp. are a few of the key vendors in the healthcare equipment leasing market market.
North America will register the highest growth rate of 41% among the other regions. Therefore, the healthcare equipment leasing market market in North America is expected to garner significant business opportunities for the vendors during the forecast period.
The key factors driving the healthcare equipment leasing market market growth are:
  • Inflated cost of healthcare equipment
  • Uberization of medical equipment finance
The healthcare equipment leasing market market vendors should focus on grabbing business opportunities from the durable medical equipment segment as it accounted for the largest market share in the base year.
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