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Medical Equipment Rental and Leasing - Global Strategic Business Report
Global Industry Analysts, Inc, April 2012, Pages: 446
This report analyzes the worldwide markets for Medical Equipment Rental and Leasing in US$ million. The report provides separate comprehensive analytics for the US, Japan, Europe, and Rest of World. Annual estimates and forecasts are provided for the period 2009 through 2017. Also, a six-year historic analysis is provided for these markets.
The report profiles 215 companies including many key and niche players such as Access Equipment Leasing, Agfa Finance Group, Baxter Capital Corporation, Direct Capital Corp., Elekta Group, GE Healthcare Financial Services, Hill-Rom Holdings, Inc., IBJ Leasing Company Ltd., IBM Global Financing, National Technology Leasing Corp., Olympus America, Inc., Philips Medical Capital, Prudential Leasing, Inc., Resource Diversified Services, Inc., Siemens Financial Services, and Stryker Corporation.
Market data and analytics are derived from primary and secondary research. Company profiles are primarily based upon search engine sources in the public domain.
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MEDICAL EQUIPMENT RENTAL AND LEASING
A GLOBAL STRATEGIC BUSINESS REPORT
CONTENTS
I. INTRODUCTION, METHODOLOGY & PRODUCT DEFINITIONS
Study Reliability and Reporting Limitations I-1
Disclaimers I-2
Data Interpretation & Reporting Level I-3
Quantitative Techniques & Analytics I-3
Product Definitions and Scope of Study I-3
II. Executive Summary
1. MARKET OVERVIEW II-1
Leasing: The Cost-Effective Solution to Obtain Expensive
Medical Equipment II-1
Why Prefer Leasing? II-1
Leasing Vs. Purchasing Medical Equipment II-1
Medical Equipment Leasing - The Global Scenario II-2
2. GLOBAL LEASING INDUSTRY - AN INSIGHT II-3
Global Leasing Industry Battered Amid Recession II-3
North American Market Loses Sheen
Emerging Markets Upbeat II-3
Equipment Leasing Gains Prominence in China II-3
Japan - The Largest Market for Equipment Leasing in Asia II-3
Europe Remains the Global Leader in Equipment Leasing II-3
Leasing Gains a Major Thrust in Eastern Europe II-4
Table 1: Global Equipment Leasing Market by Region (2011)
Breakdown of Revenues for Europe, North America,
Asia-Oceania, South America and Rest of World in US$ Billion
(includes corresponding Graph/Chart) II-4
South American Leasing Industry Drives Ahead II-4
Leasing Penetration High in Europe II-4
Table 2: Global Market Penetration of Equipment Leasing by
Leading Countries: 2011 (includes corresponding Graph/Chart) II-5
3. AN INSIGHT INTO THE MEDICAL EQUIPMENT RENTAL AND LEASING II-6
Need for Emergence of Medical Equipment Leasing II-7
Medical Equipment - A Review II-7
Acquisition through Leasing - The Options Available II-8
Financial Leasing II-8
Operational Leasing II-9
Advantages of Leasing II-9
Tax Advantage II-9
Maintenance of Capital Reserve II-9
Flexibility II-9
Latest Technology II-9
Speedy Approval II-9
Tax Liability II-10
Easy Replacement II-10
4. CORPORATE ACTIVITY IN THE RENTAL AND LEASING SPACE II-11
QuickMedical and Providence Collaborate to Provide Medical
Equipment Leasing Services II-11
Creekridge Capital Signs Deal with BK Medical II-11
Matsco & Wells Fargo Inks Financing Deal with AMA II-11
Direct Capital Expands Medical Equipment Finance Division II-12
Emergent Group Acquires New York Cryosurgery Equipment LLC II-12
5. FOCUS ON SELECT MARKET PLAYERS II-13
Access Equipment Leasing (USA) II-13
Agfa Finance Group (USA) II-13
Baxter Credit and Leasing Services (USA) II-13
Direct Capital Corp. (USA) II-13
Elekta Group (Sweden) II-14
GE Healthcare Financial Services (USA) II-14
Hill-Rom Holdings, Inc. (USA) II-15
IBJ Leasing Company Ltd. (JAPAN) II-15
IBM Global Financing (USA) II-16
National Technology Leasing Corp. (USA) II-16
Olympus America, Inc. (USA) II-16
Philips Medical Capital (USA) II-16
Prudential Leasing, Inc. (USA) II-17
Resource Diversified Services, Inc. (USA) II-17
Siemens Financial Services II-17
Stryker Corporation (USA) II-18
6. GLOBAL MARKET PERSPECTIVE II-19
Table 3: World Recent Past, Current & Future Analysis for
Medical Equipment Rental & Leasing by Geographic Region - US,
Japan, Europe, and Rest of World Markets Independently
Analyzed with Annual Revenue Figures in US$ Million for Years
2009 through 2017 (includes corresponding Graph/Chart) II-19
Table 4: World Historic Review for Medical Equipment Rental &
Leasing by Geographic Region - US, Japan, Europe, and Rest of
World Markets Independently Analyzed with Annual Revenue
Figures in US$ Million for Years 2003 through 2008 (includes
corresponding Graph/Chart) II-20
Table 5: World 15-Year Perspective for Medical Equipment
Rental & Leasing by Geographic Region - Percentage Breakdown
of Dollar Revenues for US, Japan, Europe, and Rest of World
Markets for Years 2003, 2011 & 2017 (includes corresponding
Graph/Chart) II-21
III. MARKET
1. THE UNITED STATES III-1
A.Market Analysis III-1
US Medical Equipment Leasing Industry - An Overview III-1
Medical Imaging - One of the Key Segments for Rental and
Leasing Industry III-1
Table 6: Medical Equipment Leasing in the US by Type (
2011) (includes corresponding Graph/Chart) III-1
Leasing Industry Witnesses New Pricing Models III-2
Operating Leases Gain Popularity Amid Recession III-2
Predominance of Corporate Ownership Continues III-2
Table 7: US Medical Equipment and Leasing Market (2011):
Percentage Breakdown by Establishments Type- Corporate
Ownership, Sole Proprietorships, and Partnerships
(includes corresponding Graph/Chart) III-3
Changes in Accounting Rules on the Horizon III-3
Strategic Corporate Developments III-3
Key Players III-5
B.Market Analytics III-10
Table 8: The US Recent Past, Current & Future Analysis for
Medical Equipment Rental & Leasing Market with Annual
Revenue Figures in US$ Million for Years 2009 through 2017
(includes corresponding Graph/Chart) III-10
Table 9: The US Historic Review for Medical Equipment Rental
& Leasing Market with Annual Revenue Figures in US$ Million
for Years 2003 through 2008 (includes corresponding
Graph/Chart) III-11
2. JAPAN III-12
A.Market Analysis III-12
Japanese Medical Equipment Leasing Industry - An Overview III-12
B.Market Analytics III-12
Table 10: Japanese Recent Past, Current & Future Analysis
for Medical Equipment Rental & Leasing Market with Annual
Revenue Figures in US$ Million for Years 2009 through 2017
(includes corresponding Graph/Chart) III-12
Table 11: Japanese Historic Review for Medical Equipment
Rental & Leasing Market with Annual Revenue Figures in US$
Million for Years 2003 through 2008 (includes corresponding
Graph/Chart) III-13
3. EUROPE III-14
A.Market Analysis III-14
Medical Equipment Leasing on the Rise in Western Europe III-14
Polish Leasing Market Treads on a Fast Track III-14
Strategic Corporate Development III-14
Key Players III-15
B.Market Analytics III-17
Table 12: European Recent Past, Current & Future Analysis
for Medical Equipment Rental & Leasing Market with Annual
Revenue Figures in US$ Million for Years 2009 through 2017
(includes corresponding Graph/Chart) III-17
Table 13: European Historic Review for Medical Equipment
Rental & Leasing Market with Annual Revenue Figures in US$
Million for Years 2003 through 2008 (includes corresponding
Graph/Chart) III-18
4. REST OF WORLD III-19
A.Market Analysis III-19
China III-19
Beleaguered Chinese Hospitals Increasingly Switch to
Equipment Leasing III-19
Lower Penetration Marks Chinese Medical Equipment Leasing
Market III-19
India III-19
B.Market Analytics III-20
Table 14: Rest of World Recent Past, Current & Future
Analysis for Medical Equipment Rental & Leasing Market with
Annual Revenue Figures in US$ Million for Years 2009 through
2017 (includes corresponding Graph/Chart) III-20
Table 15: Rest of World Historic Review for Medical
Equipment Rental & Leasing Market with Annual Revenue
Figures in US$ Million for Years 2003 through 2008 (includes
corresponding Graph/Chart) III-21
IV. COMPETITIVE LANDSCAPE
Total Companies Profiled: 215 (including Divisions/Subsidiaries - 220)
------------------------------------------
Region/Country Players
------------------------------------------
The United States 180
Canada 6
Japan 5
Europe 22
France 2
Germany 1
The United Kingdom 14
Italy 2
Rest of Europe 3
Asia-Pacific (Excluding Japan) 7
------------------------------------------
The dynamic changes in the medical equipment industry lead to regular and frequent upgradation of technology, resulting in the emergence of expensive medical equipment, particularly imaging equipment. With unpredictable economic conditions faced by the healthcare industry, more and more healthcare service and equipment providers are turning to leasing of medical equipment and devices. 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, 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.
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. As a result, several hospitals began adopting operating lease agreements in a bid to put any such acquisitions out of balance sheets. Operating leases enable cash-strapped hospitals and healthcare centers to acquire new equipment, without the need to wait for the time when capital budgets would be substantial enough to make such purchases. In addition to the renewed interest in operating leases, more and more customers showed inclination towards product bundling during the recession. Hospitals began purchasing all aspects of a system, including equipment, software, financing and services from one single source. This not only raises efficiency of the hospitals but also reduces costs. Hospitals sought lesser leasing agreements with larger bundles, even as they showed continued inclination towards diversifying financing sources.
The medical equipment leasing represents a complex market globally, and market penetration varies region-wise. 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. Additionally, the West European region has been witnessing an increase in the incidences of chronic diseases as well as an increasing aging population. These patients are required to regularly monitor various vital parameters for managing their health, thereby creating a demand for patient monitoring devices over the recent years. As such, demand for such equipment rose in hospitals as well as in homecare settings, providing ample market opportunities for the medical equipment leasing industry.
On the other hand, emerging markets in the Asia-Pacific region, such as India, show a nascent market for medical equipment leasing. Medical equipment leasing accounts for about 2% of the medical equipment market in China, which is estimated at tens of billion dollars. This signifies a significantly lower penetration of leased equipment in the market and simultaneously a great potential that Chinese equipment market has to offer for leasing. Meanwhile, the US medical equipment leasing market witnessed significant growth over the recent years, and is presently characterized by about 35% to 40% of medical equipment in the US market being leased. With close to three-fourth of businesses in the US leasing some of their equipment, the medical equipment-leasing sector remained relatively steady, despite the onslaught of global economic downturn.
Global Industry Analysts ©
- 123DME, LLC (USA)
- A&J Medical International, Inc. (Ajmedxray) (USA)
- A.C.F. Italia, Sas (Di Foglia Achille & C.) (Italy)
- A.F.I., Inc. (USA)
- Abbey Medical Supplies Ltd. (Canada)
- Access Equipment Leasing (USA)
- Access Health Pty., Ltd. (Australia)
- Access Medical Equipment Company (USA)
- Adam Biomedical Research, Inc. (ABR, Inc.) (USA)
- Adelsys, Inc. (USA)
- Adroit Medical Equipment (USA)
- Advanced Homecare LLC (USA)
- Advanced Medical Solutions (USA)
- Advantage Leasing Corporation (USA)
- Aesthetic Laser Partners, Inc. (USA)
- Aesthetic Laser Rentals (UK)
- Aesthetic Mobile Laser Services, Inc. (USA)
- Aesthetic Partners (USA)
- Agfa Finance Group (USA)
- Aimes Medical Equipment Rental & Props (USA)
- Airgas, Inc. (USA)
- AKW Medical, Inc. (USA)
- Alert Medical, Inc. (USA)
- All Imaging Systems, Inc. (USA)
- Alliance Medical Supply & Rental (USA)
- American Medical Rental and Supply (USA)
- Ameritech Medical (USA)
- Apex Medical Rentals (USA)
- Ardus Medical, Inc. (USA)
- ArjoHuntleigh International Ltd. (UK)
- Ashland Community Medical Equipment, Inc. (USA)
- Aspen Medical Supply, Inc. (USA)
- At Home Health Equipment (USA)
- Atlantis Worldwide (USA)
- Atlas Medical Technologies (USA)
- Aurora Rents (USA)
- Bankers Leasing Company (USA)
- Baxter Capital Corporation (USA)
- Baxter Credit and Leasing Services (USA)
- Bay Area Wishing Well Medical Equipment (USA)
- Bay State Medical, Inc. (USA)
- Bay View Homecare, Inc. (USA)
- Beehive Solutions Ltd. (UK)
- Belmont Medical Supply (USA)
- Benmor Medical (UK) Ltd. (UK)
- Best Medical Equipment (USA)
- Bradford Medical Supply (BMS) (USA)
- Brevard Medical Equipment (USA)
- British Red Cross (UK)
- Bunce Rental, Inc. (USA)
- C&G Technologies, Inc. (USA)
- Calscan Medical Enterprises (USA)
- Care Medical Equipment (USA)
- Carolina Laser Rentals (USA)
- Catalina Imaging, Inc. (USA)
- CCE Medical Equipment (Canada)
- Central Medical Equipment Rentals, Inc. (USA)
- Chair & Equipment Rentals & Sales, Inc. (USA)
- Choice Medical Systems, Inc. (USA)
- Colco Scientific Enterprises Ltd. (UK)
- Colonial Medical Supplies (USA)
- Colorado Professional Medical, Inc. (USA)
- Comfort Care Medical Equipment, Inc. (USA)
- CR Newton Co., Ltd. (USA)
- Creekridge Capital LLC (USA)
- Crystal Medical Ltd. (UK)
- CTronics (USA)
- D.B. International Corporation (USA)
- Dan's Medical and Transportion (France)
- Davinci Laser Rentals (USA)
- Davis Medical Electronics, Inc. (USA)
- DBRS Medical Systems, Inc. (USA)
- Dependable Health Services (USA)
- Desert Medical Equipment (USA)
- Diagnostix Plus, Inc. (USA)
- Direct Capital Corporation (USA)
- Direct Medical Imaging LLC (USA)
- Direct Medical (USA)
- Discount Mobility USA, Inc. (USA)
- Distri Club Medical (France)
- DMES, Inc. (USA)
- DMS Health Technologies (USA)
- DMS Topline Medical (USA)
- Dolphin Rents, Inc. (USA)
- Dorset Nursing Supplies Ltd. (UK)
- DRE, Inc. (USA)
- ECO Medical Equipment Ltd. (Canada)
- Ed - Medical, Inc. (USA)
- Electron-X Ltd. (UK)
- Elekta AB (Sweden)
- Elekta Services - Financial Solutions (Sweden)
- Elite Laser Rentals, Inc. (Canada)
- Emerald Medical (USA)
- eTek IT Services, Inc. (USA)
- Fairview Health Services (USA)
- Fayette Medical Supply, Inc. (USA)
- Fidelity Capital (USA)
- Film & Medical Services (UK)
- Focalspot, Inc. (USA)
- GE Capital, Healthcare Financial Services (USA)
- Genesis Medical Imaging, Inc. (USA)
- Gillespies Hire & Sales Service (Australia)
- Glenbrook Technologies, Inc. (USA)
- Harmony Home Care (USA)
- Hawaiian Islands Medical Corporation (USA)
- Hill-Rom Holdings, Inc. (USA)
- Home Health Pavilion, Inc. (USA)
- Homemedicalrentals.com (USA)
- Hospital at Home (Australia)
- IBJ Leasing Co., Ltd. (Japan)
- IBM Global Financing (USA)
- IMI Co., Ltd. (Japan)
- Infusion Pump Repair Corporation (USA)
- Infusystem, Inc. (USA)
- First Biomedical, Inc. (USA)
- Interim Diagnostic Imaging LLC (USA)
- International Trade Network (USA)
- ISIS Medical Solutions LLC (USA)
- James Medical Equipment Ltd. (USA)
- JM Test Systems (USA)
- Kawar Group (Jordan)
- Kenquest Medical, Inc. (USA)
- King Equipment Services, Inc. (USA)
- Lakewood Medical Equipment Rental (USA)
- Lasermed Rentals LLC (USA)
- Lasers4Rent (USA)
- Lease MRI (USA)
- Leasing Associates Of Barrington, Inc. (USA)
- Lifecare Home Health & Medical Products Ltd. (Canada)
- Lifeline Medical, Inc. (USA)
- Linde RSS LLC (USA)
- MagnaServ, Inc. (USA)
- Main Line International, Inc. (USA)
- Main Line Medical Supplies, Inc. (USA)
- Marathon Equipment Company (USA)
- MayFlower Medical (UK)
- McKinley Scientific (USA)
- Med Equip Medical Rentals, Inc. (USA)
- Med Ultra (New Zealand)
- Medco Rentals, Inc. (USA)
- Medical Department Store & Discount Uniforms (USA)
- Medical Equipment Solutions (USA)
- Medical Imaging Resources, Inc. (USA)
- Medical Imaging Technologies (USA)
- Medical International Exchange, Inc. (USA)
- Medical Laser Rental & Service Co. (USA)
- Medical Laser Technologies, Inc. (USA)
- Medi-Rent Proprietory Ltd. (Australia)
- Medi-Rents and Sales, Inc. (USA)
- Mediserve Medical Equipment (USA)
- Medx, Inc. (USA)
- Mercury Medical (USA)
- Medical Equipment Supplies & Management Ltd. (UK)
- Mitsubishi Chemical Medience Corporation (Japan)
- Mobile Surgical Lasers, Inc. (USA)
- MobilEyes, Inc. (USA)
- Mobility Equipment Rentals (USA)
- Monarch Medical Imaging Equipment, Inc. (USA)
- Monitor Medical, Inc. (USA)
- MPX Sales & Service LLC (USA)
- Mullaney's Medical (USA)
- National Technology Leasing Corporation (USA)
- Nationwide Imaging Services (USA)
- Northwest Health And Safety, Inc. (USA)
- Novatek Medical (USA)
- OLT, Inc. (USA)
- Olympus America, Inc. (USA)
- Olympus Financial Services (USA)
- On Call Surgical Rentals (USA)
- Ontario Medical Supply Ltd. (Canada)
- Orthopedic Service Company (USA)
- Oversize Medical Rental & Sales (USA)
- Philips Medical Capital LLC (USA)
- Phoenix Medical, Inc. (USA)
- Pico Medical Rents & Sells (USA)
- Premier Laser Partners LLC (USA)
- PRI Medical Technologies, Inc. (USA)
- Emergent Group, Inc. (USA)
- Progressive Medical Solutions, Inc. (USA)
- Providence Capital LLC (USA)
- Providian Medical Equipment LLC (USA)
- Prudential Leasing, Inc. (USA)
- Quickmedical (USA)
- Randle Medical Supply (USA)
- Resource Diversified Services, Inc. (USA)
- S.C. BT Medical Leasing IFN SA (Romania)
- Scootaround, Inc. (USA)
- Shared Medical Services (USA)
- Sherman Oaks Medical Supplies, Inc. (USA)
- Siemens Financial Services GmbH (Germany)
- Sizewise Rentals LLC (USA)
- Sogo Medical Co., Ltd. (Japan)
- Soma Technology, Inc. (USA)
- Southeast Laser Systems, Inc. (USA)
- Southern Medical Lasers (USA)
- Southland Surgical Laser Rental (USA)
- Southwest Medical Resources (USA)
- Sparrow Medical (USA)
- SpecialCare (USA)
- Spoonbill Capital, Inc. (USA)
- Strada Capital Corporation (USA)
- Stryker Corporation - Financial Services (USA)
- Surgical Laser Solutions, Inc. (USA)
- Synergyone Medical Corporation (USA)
- The Laser Warehouse (UK)
- The Medcom Group Ltd. (USA)
- Tiger Leasing LLC (USA)
- TransAmerican Medical Imaging Equipment, Inc. (USA)
- Unileasing CJSC (Azerbaijan)
- Universal Hospital Services, Inc. (USA)
- Universal Medical, Inc. (USA)
- Usmed-Equip.Com (USA)
- V.I.S. Imaging Ltd. (USA)
- Varchi Srl (Italy)
- Vienna Medical (USA)
- Wells Fargo Financial Leasing, Inc. (USA)
- Wells Fargo Practice Finance (USA)
- Woodley Equipment Co., Ltd. (UK)
- Wrightwood Medical, Inc. (USA)
- Yamashita Medical Instruments Co., Ltd. (Japan)
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