Healthcare Equipment Leasing Market Size
| Study Period | 2019 - 2030 |
| Market Size (2025) | USD 129.83 Billion |
| Market Size (2030) | USD 267.56 Billion |
| CAGR (2025 - 2030) | 15.56% |
| Fastest Growing Market | Asia-Pacific |
| Largest Market | North America |
| Market Concentration | Medium |
Major Players*Disclaimer: Major Players sorted in no particular order |
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Healthcare Equipment Leasing Market Analysis
The Global Healthcare Equipment Leasing Market size is estimated at USD 129.83 billion in 2025, and is expected to reach USD 267.56 billion by 2030, at a CAGR of 15.56% during the forecast period (2025-2030).
The healthcare equipment leasing market plays a crucial role in the global healthcare infrastructure, enabling hospitals and providers to access advanced medical technologies. This market is primarily driven by the surging demand for high-quality medical equipment, especially in underdeveloped and developing regions where financial constraints often hinder purchases. With an uptick in partnerships and strategic alliances focused on bolstering the availability of medical devices, the market is set for substantial growth in the coming years.
Key partnerships, especially in small and mid-sized hospitals in emerging economies, are significantly fueling the growth of the healthcare equipment leasing market. A prime illustration is the Africa Medical Equipment Facility (AMEF), which, in December 2023, onboarded Shenzhen Mindray Bio-Medical Electronics Co. Ltd. This collaboration aims to ensure smaller healthcare providers in nations like Côte d'Ivoire and Kenya gain access to essential medical equipment. Such initiatives highlight a growing trend in collaborative financing, enhancing healthcare facilities' ability to procure or lease equipment for quality care.
Moreover, countries like India are witnessing a surge in the leasing model, especially in tier-1 and tier-2 cities. As highlighted in January 2023 by Healthcare Radius, hospitals including Motherhood Hospitals and Fortis are utilizing leased equipment to accelerate their expansion while adopting an asset-light operational model. This strategy enables them to broaden their services without the weight of hefty capital expenditures.
Strategic acquisitions, like US Med-Equip’s takeover of Freedom Medical in August 2022, underscore a trend of resource consolidation to cater to the growing demand for rented medical equipment. Such expansions not only extend geographic reach but also bolster service capabilities, equipping healthcare providers to better respond to varying patient volumes.
However, the primary concern revolves around the wear and tear of expensive medical equipment. This poses risks for lessors and also hinders the growth of the market.
The healthcare equipment leasing market is on a growth trajectory, buoyed by partnerships enhancing access to medical technologies in developing regions. The leasing model presents an appealing avenue for healthcare providers aiming to broaden their services without hefty initial investments. Yet, to maintain this growth, the market must adeptly handle challenges tied to equipment costs and tech upgrades. As the appetite for advanced healthcare solutions grows, strategic partnerships and innovative leasing models will play pivotal roles in shaping the market's future.
Healthcare Equipment Leasing Market Trends
Durable Medical Equipment Segment is Expected to Show a Significant Growth in the Healthcare Equipment Leasing Market
The healthcare equipment leasing market, especially the Durable Medical Equipment (DME) segment, is undergoing notable transformations and witnessing robust growth. An aging population, strategic initiatives, and a growing preference for home-based care primarily fuel the demand for DME.
Key to the DME market’s evolution are strategic acquisitions and partnerships, which bolster service capabilities and diversify product offerings. Such maneuvers enable companies to stay attuned to market dynamics and fortify their competitive stance. For instance, in February 2024, MasVida Health, a leading provider of durable medical equipment rental solutions, strategically acquired Joerns Healthcare, a long-term care equipment sales and services specialist. This acquisition broadened MasVida’s reach and strengthened its rental services in crucial United States regions like Florida, Georgia, Louisiana, Oklahoma, and Texas. By leveraging Joerns’ established equipment platform, MasVida is poised to meet the escalating demands of long-term care providers, ensuring timely access to essential products. This move underscores a prevailing consolidation trend in the DME segment, with companies aiming to amplify their service offerings and geographical presence.
Similarly, Shineco Inc. made headlines in September 2024 with a strategic investment in Beijing Oriental Meitong Technology Co. Ltd. (Meitong Technology). Meitong specializes in shared durable medical equipment, catering to healthcare facilities and individual patients. Following the acquisition, Meitong Technology unveiled an ambitious plan to venture into the healthcare equipment rental market. This strategic move reflects a keen recognition of the rising demand for flexible rental solutions across various healthcare sectors, particularly as the industry shifts towards home-based care models.
As the elderly population increasingly seeks medical assistance, the demand for durable medical equipment is set to soar. This demographic change highlights the rapid expansion of rental options tailored for home care. For instance, in October 2023, Trace Medical inked a long-term distribution pact with Outset Medical, focusing on renting the Tablo Hemodialysis System. This collaboration taps into the surging demand for home-based dialysis, granting Home Medical Equipment (HME) providers access to vital technology for kidney disease management. Utilizing Trace Medical’s expansive distribution network, the agreement caters to the burgeoning patient base desiring accessible home treatment. Such trends resonate with the industry’s broader pivot towards patient-centric care, spotlighting the pivotal role of rental services in enhancing patient outcomes.
Similarly, as reported by State and Health Care, England's population aged 65 and older hit 11 million in 2023. Projections indicate a 10% rise over the next five years, followed by a substantial 32% increase by 2043. This translates to an uptick of 1.1 million individuals in the next five years and 3.5 million by 2043. Of particular note is the 85+ age bracket, which has the highest likelihood of needing health and care services. This demographic shift, the demand for the healthcare equipment leasing market is poised to grow.
Given demographic shifts, rising chronic illness prevalence, and a pronounced tilt towards home healthcare, the DME segment in the healthcare equipment leasing market is poised for substantial growth.
North America is Expected to Show a Significant Growth and Expected to do Same in the Forecast Period
North America, with the United States at the forefront, commands a significant share of this market. This dominance is fueled by technological advancements, escalating healthcare expenditures, and strategic acquisitions.
The region cements its leadership status with its robust healthcare infrastructure and a notable uptick in partnerships and innovations in equipment leasing services. Major market players are expanding their portfolios through strategic acquisitions in the healthcare equipment leasing sector. For instance, in August 2023, Medical Healthcare Solutions reintroduced its medical equipment rental services, now enhanced with proprietary software designed to streamline the rental process. This upgrade boosts operational efficiency for healthcare facilities and positions the company to better address the varied needs of practitioners.
Similarly, Valley Charities broadened its medical equipment rental program in January 2023 by augmenting its inventory and setting up a specialized storage and maintenance location. Such moves underscore a proactive strategy to elevate service offerings and cater to the surging demand for medical equipment rental.
Technological innovations are pivotal in propelling growth in the healthcare equipment leasing arena. In July 2024, US Med-Equip, headquartered in Houston, unveiled a streamlined solution for hospital bed orders. By retraining a machine-learning model and integrating robotic process automation (RPA), the company has simplified the ordering mechanism and bolstered operational efficiency, enabling quicker responses to patient needs.
Such technological strides are vital for leasing companies to stay competitive in a swiftly changing market. By harnessing cutting-edge technologies, these companies can elevate service delivery and adapt to the evolving demands of healthcare facilities.
North America's healthcare equipment leasing market, buoyed by strategic acquisitions, technological breakthroughs, and a rising appetite for adaptable solutions, stands tall as a global leader. With its robust healthcare infrastructure and unwavering commitment to innovation, North America is set to maintain its supremacy in the healthcare equipment leasing domain for the foreseeable future.
Healthcare Equipment Leasing Industry Overview
The market for healthcare equipment leasing is semi-consolidated. Key market players are increasingly pursuing strategic initiatives, including acquisitions and partnerships, to expand their market presence. Some of the major players in the market include Agiliti Health, Inc., Baxter, Getinge AB, Koninklijke Philips NV, and US Med-Equip.
Healthcare Equipment Leasing Market Leaders
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Agiliti Health, Inc
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Baxter
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Getinge AB
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Koninklijke Philips NV
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US Med-Equip
- *Disclaimer: Major Players sorted in no particular order
Healthcare Equipment Leasing Market News
- August 2024: Busamed Gateway Private Hospital in Kwazulu Natal, South Africa, adopted a state-of-the-art Da Vinci surgical robot through the pay-per-use Equipment-as-a-Service model launched by EASE. This allows hospitals to harness technological advancements without the strain of significant capital expenditures.
- July 2024: Duke Street acquired AGITO, a prominent provider of medical imaging solutions. AGITO aided healthcare practitioners by granting them access to top-tier imaging equipment and radiography staffing services. Additionally, the company delivered a flexible and customized rental service for high-quality mobile imaging equipment, spanning CT, MRI, and CathLabs, to hospitals and clinics. Since 2018, AGITO has been under the umbrella of Koninklijke Philips. With Duke Street's investment, AGITO is poised to bolster its ability to offer premium leased equipment adeptly meeting the intricate demands of today's healthcare providers.
Healthcare Equipment Leasing Industry Segmentation
As per the scope of the report, healthcare equipment lessors and lessees enter into an arrangement in which the lessor permits the lessee to use the equipment for a set amount of time in exchange for lease rentals. Leasing businesses can finance costly medical equipment such as MRI machines, X-Ray machines, and ventilators without having to put up big sums of money upfront. At the end of the lease term, the equipment can be returned to the lessor or acquired at the current market price.
The healthcare equipment leasing market is segmented by product, end-user, and geography. By product, the market is segmented by durable medical equipment, surgical and therapy equipment, personal and home-care equipment, digital and electronic equipment, storage and transport equipment. By end user, the market is segmented by hospitals and clinics, diagnostic centers, and others. The other end users include ambulatory surgery centers and at-home care centers. By geography, the market is segmented by North America, Europe, Asia-Pacific, Middle East and Africa, and South America. The market report also covers the estimated market sizes and trends for 17 different countries across major regions globally. The report offers the value (in USD) for the above segments.
| By Product | Durable Medical Equipment | ||
| Surgical and Therapy Equipment | |||
| Personal and Home-Care Equipment | |||
| Digital and Electronic Equipment | |||
| Storage and Transport Equipment | |||
| By End User | Hospitals and Clinics | ||
| Diagnostic Centers | |||
| Others | |||
| Geography | North America | United States | |
| Canada | |||
| Mexico | |||
| Europe | Germany | ||
| United Kingdom | |||
| France | |||
| Italy | |||
| Spain | |||
| Rest of Europe | |||
| Asia-Pacific | China | ||
| Japan | |||
| India | |||
| Australia | |||
| South Korea | |||
| Rest of Asia-Pacific | |||
| Middle East and Africa | GCC | ||
| South Africa | |||
| Rest of Middle East and Africa | |||
| South America | Brazil | ||
| Argentina | |||
| Rest of South America | |||
| Durable Medical Equipment |
| Surgical and Therapy Equipment |
| Personal and Home-Care Equipment |
| Digital and Electronic Equipment |
| Storage and Transport Equipment |
| Hospitals and Clinics |
| Diagnostic Centers |
| Others |
| North America | United States |
| Canada | |
| Mexico | |
| Europe | Germany |
| United Kingdom | |
| France | |
| Italy | |
| Spain | |
| Rest of Europe | |
| Asia-Pacific | China |
| Japan | |
| India | |
| Australia | |
| South Korea | |
| Rest of Asia-Pacific | |
| Middle East and Africa | GCC |
| South Africa | |
| Rest of Middle East and Africa | |
| South America | Brazil |
| Argentina | |
| Rest of South America |
Global Healthcare Equipment Leasing Market Research Faqs
How big is the Global Healthcare Equipment Leasing Market?
The Global Healthcare Equipment Leasing Market size is expected to reach USD 129.83 billion in 2025 and grow at a CAGR of 15.56% to reach USD 267.56 billion by 2030.
What is the current Global Healthcare Equipment Leasing Market size?
In 2025, the Global Healthcare Equipment Leasing Market size is expected to reach USD 129.83 billion.
Who are the key players in Global Healthcare Equipment Leasing Market?
Agiliti Health, Inc, Baxter, Getinge AB, Koninklijke Philips NV and US Med-Equip are the major companies operating in the Global Healthcare Equipment Leasing Market.
Which is the fastest growing region in Global Healthcare Equipment Leasing Market?
Asia-Pacific is estimated to grow at the highest CAGR over the forecast period (2025-2030).
Which region has the biggest share in Global Healthcare Equipment Leasing Market?
In 2025, the North America accounts for the largest market share in Global Healthcare Equipment Leasing Market.
What years does this Global Healthcare Equipment Leasing Market cover, and what was the market size in 2024?
In 2024, the Global Healthcare Equipment Leasing Market size was estimated at USD 109.63 billion. The report covers the Global Healthcare Equipment Leasing Market historical market size for years: 2019, 2020, 2021, 2022, 2023 and 2024. The report also forecasts the Global Healthcare Equipment Leasing Market size for years: 2025, 2026, 2027, 2028, 2029 and 2030.
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Global Healthcare Equipment Leasing Industry Report
Statistics for the 2025 Global Healthcare Equipment Leasing market share, size and revenue growth rate, created by Mordor Intelligence™ Industry Reports. Global Healthcare Equipment Leasing analysis includes a market forecast outlook for 2025 to 2030 and historical overview. Get a sample of this industry analysis as a free report PDF download.
