healthcare technology

The global healthcare equipment leasing market is predicted to rise by 7% a year over the period 2017-2021, according to the latest market research report from Technavio.

The diagnostic imaging equipment leasing segment accounts for the largest share of the market.

Due to the high costs, end-users prefer the concept of leasing rather than buying the equipment, which also reduces the expenses incurred for installation and maintenance.

EMEA dominated the global healthcare equipment leasing market in 2016, with a share of 39%, while DLL, GE Capital, National Technology Leasing, Oak Leasing, Rotech Healthcare, and Siemens Financial Services are the leading players. The report identifies a handful of emerging players such as Direct Capital (CIT Group) and IBJ Leasing.

The report predicts EMEA will continue to be the major revenue contributor to the global healthcare equipment leasing market going forward, largely because of changes in government regulations to decrease the healthcare expense.

Most of the mid-size hospitals, clinics, acute care centers, dental clinics, and other healthcare centers rely on leasing healthcare equipment as budgets have been trimmed substantially.

Barath Palada, a lead analyst at Technavio, said: β€œThe increasing demand for diagnostic imaging in Germany, France, Italy, and the UK; rising geriatric population; and growing prevalence of neurological, orthopedic, and carcinogenic diseases are expected to boost the market in this region.”