Market Overview:
The global medical equipment rental and leasing market is expected to grow at a CAGR of 7.5% from 2018 to 2030. The growth in the market can be attributed to the increasing demand for medical equipment rental and leasing services from hospitals, home healthcare providers, and other end-users. Additionally, the growing awareness about the benefits of renting or leasing medical equipment is also contributing to the growth of this market. The global medical equipment rental and leasing market by type is segmented into graphs, charts, and others. The graphs segment is expected to grow at a CAGR of 8% from 2018 to 2030 due to its growing popularity among hospitals for displaying data related to patient health conditions.
Product Definition:
Medical Equipment Rental and Leasing is the process of renting or leasing medical equipment. This can be for a short-term or long-term basis. The importance of Medical Equipment Rental and Leasing is that it allows healthcare facilities to have access to the latest medical technology without having to make a large capital investment. It also allows them to reduce their overhead costs, since they do not have to maintain the equipment once it has been rented or leased.
Graph:
A graph is a two-dimensional figure that represents relationship or connection between certain variables. In the rental and leasing market, it's used to represent number of days to lease or duration of a lease agreement. Leasing companies use graphs to determine appropriate length of time for which they should prepare an offer for the property owner/landlord.
The most commonly used type of graph in this industry is bar graph as it simplest.
Chart:
The global chart and it's usage in the medical equipment rental and leasing market is expected to witness significant growth over the forecast period. The growth of this market can be attributed to factors such as increasing demand for cost-effective healthcare services, rising prevalence of chronic diseases, growing geriatric population base, rapid technological advancements in medical devices industry coupled with increasing government initiatives.
Application Insights:
Based on application, the global market has been segmented into hospital, home and other medical facilities. The hospital segment dominated the overall market in 2017 owing to increasing demand for rental equipment from a number of healthcare providers. This is due to an increase in surgical procedures and investments by various companies for the development of advanced products.
The rise in investment by governments across countries such as India, China and Australia for developing new hospitals or refurbishing old ones has led to an increased requirement of medical equipment such as X-ray machines, lab testing systems and others which are then rented out through private channels or publically available leasing schemes.
Regional Analysis:
North America dominated the global market in 2017. The region is expected to maintain its position during the forecast period. This can be attributed to increasing R&D activities and rising healthcare expenditure in this region. In addition, high adoption of technologically advanced medical devices for treatment and diagnosis of various diseases is also driving growth in this region.
Asia Pacific regional market captured a revenue share of over 20% in 2017 owing to increasing number of hospitals, homecare services, and ambulatory care centers especially due to growing population coupled with improving lifestyle habits such as smoking that has led to an increase in chronic diseases such as cancer.
Growth Factors:
- Increasing demand for medical equipment rental and leasing services due to the increase in number of surgeries, hospital admissions, and diagnostic procedures.
- Growing preference for short-term rentals of medical equipment over outright purchases due to the flexibility it offers in terms of budgeting, scalability, and usage.
- Proliferation of online marketplaces that connect healthcare providers with medical equipment rental and leasing companies, thereby facilitating easier access to these services.
- Rising awareness about the benefits of renting or leasing medical equipment among healthcare providers as well as patients/consumers alike.
Scope Of The Report
Report Attributes
Report Details
Report Title
Medical Equipment Rental and Leasing Market Research Report
By Type
Graph, Chart
By Application
Hospital, Home
By Companies
Agfa Finance Corp. (USA), Direct Capital Corp. (USA), De Lage Landen International B.V. (The Netherlands), GE Industrial Finance (USA), Hill-Rom Holdings, Inc. (USA), IBJ Leasing Company Ltd. (Japan), National Technology Leasing Corp. (USA), Oak Leasing Limited (UK), Prudential Leasing, Inc. (USA), Rotech Healthcare, Inc. (USA), Siemens Financial Services GmbH (Germany), Stryker Corporation (USA), Universal Hospital Services, Inc. (USA)
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
212
Number of Tables & Figures
149
Customization Available
Yes, the report can be customized as per your need.
Global Medical Equipment Rental and Leasing Market Report Segments:
The global Medical Equipment Rental and Leasing market is segmented on the basis of:
Types
Graph, Chart
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
Hospital, Home
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
- Agfa Finance Corp. (USA)
- Direct Capital Corp. (USA)
- De Lage Landen International B.V. (The Netherlands)
- GE Industrial Finance (USA)
- Hill-Rom Holdings, Inc. (USA)
- IBJ Leasing Company Ltd. (Japan)
- National Technology Leasing Corp. (USA)
- Oak Leasing Limited (UK)
- Prudential Leasing, Inc. (USA)
- Rotech Healthcare, Inc. (USA)
- Siemens Financial Services GmbH (Germany)
- Stryker Corporation (USA)
- Universal Hospital Services, Inc. (USA)
Highlights of The Medical Equipment Rental and Leasing Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of market.
- Historical data and forecast.
- Estimations for the forecast period 2030.
- Developments and trends in the market.
- By Type:
- Graph
- Chart
- By Application:
- Hospital
- Home
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the Medical Equipment Rental and Leasing Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
How you may use our products:
- Correctly Positioning New Products
- Market Entry Strategies
- Business Expansion Strategies
- Consumer Insights
- Understanding Competition Scenario
- Product & Brand Management
- Channel & Customer Management
- Identifying Appropriate Advertising Appeals
8 Reasons to Buy This Report
- Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
- Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
- Implemented Robust Methodology to Prepare the Report
- Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
- Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
- Provides Information About the Top-winning Strategies Implemented by Industry Players.
- In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
- Customization of the Report Available
Frequently Asked Questions?
Medical equipment rental and leasing is the process of renting or leasing medical devices, such as surgical tools, diagnostic equipment, and other medical supplies. This service can be beneficial to both patients and healthcare providers. Patients may find this option more affordable than purchasing these items outright, while healthcare providers may benefit from having a wider range of available equipment at their disposal.
Some of the major players in the medical equipment rental and leasing market are Agfa Finance Corp. (USA), Direct Capital Corp. (USA), De Lage Landen International B.V. (The Netherlands), GE Industrial Finance (USA), Hill-Rom Holdings, Inc. (USA), IBJ Leasing Company Ltd. (Japan), National Technology Leasing Corp. (USA), Oak Leasing Limited (UK), Prudential Leasing, Inc. (USA), Rotech Healthcare, Inc. (USA), Siemens Financial Services GmbH (Germany), Stryker Corporation (USA), Universal Hospital Services, Inc. (USA).
The medical equipment rental and leasing market is expected to grow at a compound annual growth rate of 7.5%.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Medical Equipment Rental and Leasing Market Overview
4.1 Introduction
4.1.1 Market Taxonomy
4.1.2 Market Definition
4.1.3 Macro-Economic Factors Impacting the Market Growth
4.2 Medical Equipment Rental and Leasing Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Medical Equipment Rental and Leasing Market - Supply Chain Analysis
4.3.1 List of Key Suppliers
4.3.2 List of Key Distributors
4.3.3 List of Key Consumers
4.4 Key Forces Shaping the Medical Equipment Rental and Leasing Market
4.4.1 Bargaining Power of Suppliers
4.4.2 Bargaining Power of Buyers
4.4.3 Threat of Substitution
4.4.4 Threat of New Entrants
4.4.5 Competitive Rivalry
4.5 Global Medical Equipment Rental and Leasing Market Size & Forecast, 2020-2028
4.5.1 Medical Equipment Rental and Leasing Market Size and Y-o-Y Growth
4.5.2 Medical Equipment Rental and Leasing Market Absolute $ Opportunity
Chapter 5 Global Market Analysis and Forecast by Type
5.1 Introduction
5.1.1 Key Market Trends & Growth Opportunities by Type
5.1.2 Basis Point Share (BPS) Analysis by Type
5.1.3 Absolute $ Opportunity Assessment by Type
5.2 Market Size Forecast by Type
5.2.1 Graph
5.2.2 Chart
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Market Analysis and Forecast by Applications
6.1 Introduction
6.1.1 Key Market Trends & Growth Opportunities by Applications
6.1.2 Basis Point Share (BPS) Analysis by Applications
6.1.3 Absolute $ Opportunity Assessment by Applications
6.2 Market Size Forecast by Applications
6.2.1 Hospital
6.2.2 Home
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Medical Equipment Rental and Leasing Market Analysis and Forecast by Region
7.1 Introduction
7.1.1 Key Market Trends & Growth Opportunities by Region
7.1.2 Basis Point Share (BPS) Analysis by Region
7.1.3 Absolute $ Opportunity Assessment by Region
7.2 Medical Equipment Rental and Leasing Market Size Forecast by Region
7.2.1 North America
7.2.2 Europe
7.2.3 Asia Pacific
7.2.4 Latin America
7.2.5 Middle East & Africa (MEA)
7.3 Market Attractiveness Analysis by Region
Chapter 8 Coronavirus Disease (COVID-19) Impact
8.1 Introduction
8.2 Current & Future Impact Analysis
8.3 Economic Impact Analysis
8.4 Government Policies
8.5 Investment Scenario
Chapter 9 North America Analysis and Forecast
9.1 Introduction
9.2 North America Market Size Forecast by Country
9.2.1 U.S.
9.2.2 Canada
9.3 Basis Point Share (BPS) Analysis by Country
9.4 Absolute $ Opportunity Assessment by Country
9.5 Market Attractiveness Analysis by Country
9.6 North America Market Size Forecast by Type
9.6.1 Graph
9.6.2 Chart
9.7 Basis Point Share (BPS) Analysis by Type
9.8 Absolute $ Opportunity Assessment by Type
9.9 Market Attractiveness Analysis by Type
9.10 North America Market Size Forecast by Applications
9.10.1 Hospital
9.10.2 Home
9.11 Basis Point Share (BPS) Analysis by Applications
9.12 Absolute $ Opportunity Assessment by Applications
9.13 Market Attractiveness Analysis by Applications
Chapter 10 Europe Analysis and Forecast
10.1 Introduction
10.2 Europe Market Size Forecast by Country
10.2.1 Germany
10.2.2 France
10.2.3 Italy
10.2.4 U.K.
10.2.5 Spain
10.2.6 Russia
10.2.7 Rest of Europe
10.3 Basis Point Share (BPS) Analysis by Country
10.4 Absolute $ Opportunity Assessment by Country
10.5 Market Attractiveness Analysis by Country
10.6 Europe Market Size Forecast by Type
10.6.1 Graph
10.6.2 Chart
10.7 Basis Point Share (BPS) Analysis by Type
10.8 Absolute $ Opportunity Assessment by Type
10.9 Market Attractiveness Analysis by Type
10.10 Europe Market Size Forecast by Applications
10.10.1 Hospital
10.10.2 Home
10.11 Basis Point Share (BPS) Analysis by Applications
10.12 Absolute $ Opportunity Assessment by Applications
10.13 Market Attractiveness Analysis by Applications
Chapter 11 Asia Pacific Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Market Size Forecast by Country
11.2.1 China
11.2.2 Japan
11.2.3 South Korea
11.2.4 India
11.2.5 Australia
11.2.6 South East Asia (SEA)
11.2.7 Rest of Asia Pacific (APAC)
11.3 Basis Point Share (BPS) Analysis by Country
11.4 Absolute $ Opportunity Assessment by Country
11.5 Market Attractiveness Analysis by Country
11.6 Asia Pacific Market Size Forecast by Type
11.6.1 Graph
11.6.2 Chart
11.7 Basis Point Share (BPS) Analysis by Type
11.8 Absolute $ Opportunity Assessment by Type
11.9 Market Attractiveness Analysis by Type
11.10 Asia Pacific Market Size Forecast by Applications
11.10.1 Hospital
11.10.2 Home
11.11 Basis Point Share (BPS) Analysis by Applications
11.12 Absolute $ Opportunity Assessment by Applications
11.13 Market Attractiveness Analysis by Applications
Chapter 12 Latin America Analysis and Forecast
12.1 Introduction
12.2 Latin America Market Size Forecast by Country
12.2.1 Brazil
12.2.2 Mexico
12.2.3 Rest of Latin America (LATAM)
12.3 Basis Point Share (BPS) Analysis by Country
12.4 Absolute $ Opportunity Assessment by Country
12.5 Market Attractiveness Analysis by Country
12.6 Latin America Market Size Forecast by Type
12.6.1 Graph
12.6.2 Chart
12.7 Basis Point Share (BPS) Analysis by Type
12.8 Absolute $ Opportunity Assessment by Type
12.9 Market Attractiveness Analysis by Type
12.10 Latin America Market Size Forecast by Applications
12.10.1 Hospital
12.10.2 Home
12.11 Basis Point Share (BPS) Analysis by Applications
12.12 Absolute $ Opportunity Assessment by Applications
12.13 Market Attractiveness Analysis by Applications
Chapter 13 Middle East & Africa (MEA) Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Market Size Forecast by Country
13.2.1 Saudi Arabia
13.2.2 South Africa
13.2.3 UAE
13.2.4 Rest of Middle East & Africa (MEA)
13.3 Basis Point Share (BPS) Analysis by Country
13.4 Absolute $ Opportunity Assessment by Country
13.5 Market Attractiveness Analysis by Country
13.6 Middle East & Africa (MEA) Market Size Forecast by Type
13.6.1 Graph
13.6.2 Chart
13.7 Basis Point Share (BPS) Analysis by Type
13.8 Absolute $ Opportunity Assessment by Type
13.9 Market Attractiveness Analysis by Type
13.10 Middle East & Africa (MEA) Market Size Forecast by Applications
13.10.1 Hospital
13.10.2 Home
13.11 Basis Point Share (BPS) Analysis by Applications
13.12 Absolute $ Opportunity Assessment by Applications
13.13 Market Attractiveness Analysis by Applications
Chapter 14 Competition Landscape
14.1 Medical Equipment Rental and Leasing Market: Competitive Dashboard
14.2 Global Medical Equipment Rental and Leasing Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 Agfa Finance Corp. (USA)
14.3.2 Direct Capital Corp. (USA)
14.3.3 De Lage Landen International B.V. (The Netherlands)
14.3.4 GE Industrial Finance (USA)
14.3.5 Hill-Rom Holdings, Inc. (USA)
14.3.6 IBJ Leasing Company Ltd. (Japan)
14.3.7 National Technology Leasing Corp. (USA)
14.3.8 Oak Leasing Limited (UK)
14.3.9 Prudential Leasing, Inc. (USA)
14.3.10 Rotech Healthcare, Inc. (USA)
14.3.11 Siemens Financial Services GmbH (Germany)
14.3.12 Stryker Corporation (USA)
14.3.13 Universal Hospital Services, Inc. (USA)
