Rapid growth is more evident than ever in the global medical device industry. The value of this market is expected to hit $228 billion by 2015 marking annual growth of nearly 7%, according to a recent industry research report. The market covers a wide spectrum of products used in the treatment of patients, including cardiovascular devices, dental equipment, diagnostic devices, medical equipment and supplies, ophthalmic devices, orthopedic devices, respiratory devices and surgical equipment.

New treatments for patients, patient tracking and administration are just a few of the areas reliant on this type of new technology. With all the advances in medical science, it is unsurprising that budgets are being stretched as never before when it comes to ensuring the efficiency of medical practice, laboratory and hospital environments.

Rapid Growth in Scientific and Medical Equipment Leasing

A recent news report in European Hospital has highlighted the fact that annual growth rates for global medical equipment leasing and renting is currently outstripping growth in the medical device market as a whole. In the UK, equipment leasing as a whole has shown strong growth over the past 12 months, providing an obvious solution for medical organisations that prefer to pay for innovative technology over its useful life rather than tying up large suns of capital upfront.

Specialist medical equipment and medical device leasing

There are many reasons why scientific and medical leasing is experiencing rapid growth, and those specialising in leasing for the sector can ensure a smooth process for financing what can be very costly medical equipment along with facility fit outs.

Benefits of medical equipment leasing

Lease payments for scientific equipment can be set against profit, thereby potentially reducing tax bills.

Flexibility and cash flow boost: you can obtain the specialist equipment and technology you need without tying up available cash and lines of credit.

Once you make a set initial payment, you can acquire and start using the asset immediately, while spreading payments over the useful life of the equipment.

Flexible repayments: lease payments for essential assets can be spread over a period of time that suits your organisation. You can also choose a fixed interest rate, which protects against interest rate rises and enables you to plan your budget effectively.

Avoidance of equipment obsolescence and easier upgrades in the future: increasingly vital in technology-driven sectors such as science and medicine.

What medical equipment can I lease?

There is vast scope for leasing medical equipment and devices. Some popular items which are leased include:

• Anaesthetic Machines
• Blood Analysers
• Blood Pressure Monitors
• Bone Densitometers
• CT Scanners
• Defibrillators
• EKG Machines
• ECG Machines
• Echocardiograms
• Electrosurgical Units
• Fetal Heart Monitors
• Incubators
• MRI Machines
• MRI Scanners
• Mammography Machines
• Ultrasound Machines
• Ultrasound Probes
• Medical Gas Equipment
• Medical Exam Room Equipment
• Plastic Surgery Equipment
• Surgical Equipment
• Urology Equipment
• Dermatology Equipment
• Lab Equipment
• Autoclaves
• Sterilizers
• Medical Imaging Machines
• Medical Accessories
• Surgical Instruments
• Electric Hospital Beds
• Electric Wheelchairs
• Examination Tables
• Treatment Tables
• Surgical Tables
• Medical Carts
• Medical Trolleys
• Hospital Trolleys
• Medical Lighting
• Medical Exam Lights
• Medical Furniture
• Cardiac Care Equipment
• Respiratory Ventilator Equipment

For more information about leasing scientific and medical equipment, please call WestWon Tel: 01494 611 456. You can also download the fact sheet Asset Finance For Scientific Leasing