Rental and leasing market continues expansion

The global market for medical equipment rental and leasing is forecast to reach $56 billion by the year 2017, according to a recent study from Global Industry Analysts.

“Medical Equipment Rental and Leasing” highlighted several factors propelling market growth, including the growing incidence of chronic diseases; technological advancements leading to the obsolescence of old equipment; surging prices of medical equipment and the need to curb healthcare expenses.

The most commonly leased medical equipment included xray systems, ultrasound systems, patient monitoring equipment and laboratory equipment, according to the San Jose, Calif.-based market researcher.

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