Global Medical Equipment Rental and Leasing Market to Reach $56 Billion by 2017, According to a New Report by Global Industry Analysts, Inc.

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GIA announces the release of a comprehensive global report on Medical Equipment Rental and Leasing markets. The global market for medical equipment rental and leasing is forecast to reach $56 billion by the year 2017. Major factors propelling market growth include growing incidence of chronic diseases, driving the demand for diagnosis and in turn the need for medical equipment; technological advancements leading to the obsolescence of old equipment; surging prices of medical equipment; and the need to curb healthcare expenses. More and more healthcare service and equipment providers are turning to leasing, as an economical option for acquiring costly medical equipment and devices.

Medical Equipment Rental and Leasing: A Global Strategic Business Report

The healthcare industry is booming, backed by growing elderly population; rising incidence of chronic diseases; increasing national expenditure on healthcare; and a growing need for medical procedures, products, and services. However, with rapid advancements in technologies, and surging prices for medical equipment, hospitals, healthcare practitioners, physicians, clinics and nursing facilities find it difficult to maintain their budget. Medical equipment leasing comes to the rescue in this scenario. Rental and leasing of medical devices is fast catching up in the healthcare sector, repelling the traditional loan and credit purchase system. Rental and leasing of medical equipment is an affordable and quick solution for hospitals, nursing homes, physicians, which are presently constrained by the availability of limited funds due to the recent global economic recession. Leasing enables saving working capital, gives option for purchasing the equipment, and allows upgradation to new technology. The commonly leased medical equipment includes X-ray machines, ultrasound systems, patient monitoring equipment, and laboratory equipment. The surging cost of imaging equipment led to a shift in the purchase model adopted by several hospitals and clinics.

The medical equipment leasing represents a complex market globally, and varies according to the type of equipment used in a particular country. Europe represents the single largest regional market for medical equipment rental and leasing worldwide, as stated by the new market research report on Medical Equipment Rental and Leasing.

Leasing is growing as the most preferred alternative method for financing medical technology in countries such as France, Germany, and the UK, due to the budgetary constraints faced by most of the hospitals in Europe. The German medical equipment market is the largest in the European region. The US represents the next important market for medical equipment, trailing behind the Europe. However, growth is expected to emanate from Rest of the World market, which is forecast to exhibit the fastest compounded annual growth of more than 7.0% during the analysis period.

The penetration of medical equipment lease financing in the US has been relatively low until 5-6 years ago, owing to the lack of awareness about leasing, reduction in reimbursements, and regulations influencing physician referrals. However, the scenario has changed in recent years, with currently about 35% to 40% of medical equipment in the US being leased.

Major players profiled in the report include Access Equipment Leasing, Agfa Finance Group, Baxter Capital Corporation, Elekta Group, GE Healthcare Financial Services, Hill-Rom Holdings, Inc., IBM Global Financing, Philips Medical Capital, Siemens Financial Services and Stryker Corporation.

The research report titled “Medical Equipment Rental and Leasing: A Global Strategic Business Report” announced by Global Industry Analysts Inc., provides a comprehensive review of the Medical Equipment Rental and Leasing markets, current market trends, key growth drivers, an insight into the global leasing industry, recent industry activity, and profiles of major/niche global as well as regional market participants. The report provides annual sales estimates and projections for Medical Equipment Rental and Leasing market for the years 2009 through 2017 for the following geographic markets - US, Japan, Europe, and Rest of World. Also, a six-year (2003-2008) historic analysis is provided for additional perspective.

For more details about this comprehensive market research report, please visit – http://www.strategyr.com/Medical_Equipment_Rental_and_Leasing_Market_Report.asp

About Global Industry Analysts, Inc.
Global Industry Analysts, Inc., (GIA) is a reputed publisher of off-the-shelf market research. Founded in 1987, the company is globally recognized as one of the world’s largest market research publishers. The company employs over 800 people worldwide and publishes more than 1200 full-scale research reports each year. Additionally, the company also offers thousands of smaller research products including company reports, market trend reports, and industry reports encompassing all major industries worldwide.

Global Industry Analysts, Inc.
Telephone: 408-528-9966
Fax: 408-528-9977
E-mail: press(at)StrategyR(dot)com
Web Site: http://www.StrategyR.com/

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