Healthcare equipment leasing market to grow by $28.4b by 2028

Healthcare providers are turning to leasing models for affordability amidst high costs.

The global healthcare equipment leasing market is projected to rise by $28.4b until 2028 at a compound annual growth rate of 8.23%, said Technavio.

The sector’s expansion is attributed to the high cost of such equipment, with healthcare providers increasingly turning to leasing models to access essential medical equipment affordably.

“Leasing agreements involve monthly rental fees, legal agreements, and tenant responsibilities,” the report said.

Moreover, they cover equipment such as medical devices, laboratory items, personal protective equipment, and accessories.

The market is also driven by three key factors, particularly the entry of major healthcare equipment manufacturers, a growing preference for asset financing, and the ongoing trend of “uberisation” in healthcare services.