The 2009 Survey of Equipment Finance Activity reported that new business was down 2.2 percent across the industry from 2007-2008. However, the proportion of leasing or financing in the healthcare industry increased from 8.9 percent ($8.2 billion) in 2007 to 9.2 percent ($8.6 billion) in 2008.
According to the report, medical equipment leasing and financing increased to 7.2 percent ($7.2 billion) of new business volume in 2008 from 6.3 percent ($6.3 billion) in 2007.
This increase could be attributed to the need for updated technology and equipment in the healthcare industry despite the economic recession, according to the report.
Read the AMNews report about the rise in medical equipment leasing.
