By 2017 the global market for medical equipment rental and leasing will reach $56 billion according to Global Industry Analysts’ “Medical Equipment Rental and Leasing: A Global Strategic Business Report”. The growth is driven by the rapid pace of technology innovation coupled with the constraints in capital budgets that many healthcare centers and hospitals are faced with.
GIA noted that the rental and leasing of medical equipment is an affordable and quick solution for hospitals, blood banks, reference laboratories, nursing homes, physician offices, and clinics that are constrained by tightened budgets. The medical equipment leasing for hospitals and clinics provides tax benefits, coupled with conserving cash flow. The commonly leased medical equipment includes X-Ray machines, Ultrasound systems, Patient monitoring equipment, and laboratory equipment.
In addition, GIA said the economic downturn has severely affected capital budgets of various healthcare centers and hospitals where the need for acquiring new equipment continues to provide better patient care and survive competition. During this period, operating leases have increased in popularity because they enable cash-strapped hospitals and healthcare centers to acquire new equipment, without the need to wait for capital budgets to increase enough to make such purchases.
For more information on leasing medical equipment you can review the following posts:
- 5 Things You Need to Know About a Master Lease
- Considering Leasing for Your Capital Expenditures
- What is a 10% Purchase Option Lease
- What is a $1 Purchase Option Lease
- What is a Fair Market Value Lease
If you have any questions regarding leasing medical equipment, please contact us.