REPORT HIGHLIGHT
Medical Equipment Financing Market size was valued at USD 150,890.1 Million in 2022, expanding at a CAGR of 7.3% from 2023 to 2030.
The market for medical equipment has experienced enormous growth. Rapid technical progress coupled with AI technology has maximised the possibilities of the medical industry. Doctors, physicians, and other people are being drawn to the equipment finance market by this, which is the main reason driving demand. Due to the very sophisticated and expensive equipment, hospitals and diagnostic centres have chosen financing. The cost of importing some medical equipment from China has gone up as a result of the trade spat between the U.S. and China. Because of the rising cost of medical equipment as a result of these issues, end users are being forced to choose medical equipment finance as a method of payment. The development of cutting-edge medical technology has also been fueled by the rising prevalence of chronic diseases, which will enable doctors to treat patients effectively.
Diagnostic equipment industry, a billion-dollar market, is set to progress rapidly in both developed and developing nations. Furthermore, the rising prevalence of diseases, increasing preferences of multiple assays over conventional assay, and increasing adoption of personalised medicine are among the few factors propelling the market for diagnostic medical equipment financing, globally. The rising number of infectious diseases and limited affordability in developing regions augment the market growth for diagnostic medical equipment financing.
The market for medical equipment has experienced enormous growth. Rapid technical progress coupled with AI technology has maximised the possibilities of the medical industry. Doctors, physicians, and other people are being drawn to the equipment finance market by this, which is the main reason driving demand. Due to the very sophisticated and expensive equipment, hospitals and diagnostic centres have chosen financing. The cost of importing some medical equipment from China has gone up as a result of the trade spat between the U.S. and China. Because of the rising cost of medical equipment as a result of these issues, end users are being forced to choose medical equipment finance as a method of payment. The development of cutting-edge medical technology has also been fueled by the rising prevalence of chronic diseases, which will enable doctors to treat patients effectively.
Medical Equipment Financing Market- Key Insights:
- As per the analysis shared by our research analyst, the global paper bags packaging market is estimated to grow annually at a CAGR of around 7.3% over the forecast period (2023-2030)
- In February 2022, First Horizon and Toronto-Dominion Bank signed an agreement for TD for acquisition of First Horizon in an all-cash transaction valued at approximately USD 13.0 billion.
- In January 2018, Kabbage offered lines of credit of USD 250,000. This credit line expansion supported the existing and new customers with the funding needed in acquiring specialized equipment, and location expansions among others
Medical Equipment Financing Market- Competitive Landscape:
The medical equipment financing market is highly competitive and comprises several key players vying for market share. Major players in the industry include Bank of America, General Electric (GE) Capital, Siemens Financial Services, and Wells Fargo. These companies offer a wide range of financing solutions tailored to the specific needs of healthcare providers, including hospitals, clinics, and diagnostic centers. To stay competitive, players in the market focus on providing flexible repayment options, quick loan approvals, and competitive interest rates. They also invest in innovative technologies and strategic partnerships to enhance their offerings and expand their customer base.
Key features of the study:
- This proposed research study on Medical Equipment Financing market provides market size (US$ million), compound annual growth rate (CAGR %) and forecast estimation (2023-2030), considering 2022 as the base year
- The report provides the client the latest up-to-date and trending insights about the Medical Equipment Financing market.
- The research report elucidates potential growth opportunities across different segments/countries and explains attractive investment proposition matrix for Medical Equipment Financing market
- The overall report identifies new investment opportunities, challenges faced by established players, and growth factors to sustain in the Medical Equipment Financing market
- Impact of COVID-19 on Medical Equipment Financing market size, forecast, CAGR, and market dynamics are discussed in detail under the research scope. Detailed insight on Medical Equipment Financing market post-COVID will also be covered.
- In order to give the users of this report a comprehensive view on the Medical Equipment Financing market, we have also included competitive landscape and key innovator analysis for the Medical Equipment Financing market.
- The study encompasses a growth prospect mapping analysis, wherein all the industry segments are benchmarked based on their market size, growth rate and attractiveness.
- The report offers detailed company profiling featuring major market participants which will help users to understand their financial information and strategic initiatives of players operating in the Medical Equipment Financing market.
- In addition, the report also unveil the important acquisitions & mergers, collaborations & joint ventures, new launch, research & development, regional expansion of major participants involved in the market on global as well as regional level.
- The global Medical Equipment Financing market report primarily caters to various stakeholders in this industry including suppliers, investors, new entrants, distributors, and financial analysts
SCOPE OF THE REPORT
The scope of this report covers the market by its major segments, which include as follows:
GLOBAL MEDICAL EQUIPMENT FINANCING MARKET KEY PLAYERS
- First American Healthcare Finance
- National Funding
- CIT Group Inc.
- TimePayment
- Bank of America
- General Electric (GE) Capital
- Siemens Financial Services
- Wells Fargo
- Others
GLOBAL MEDICAL EQUIPMENT FINANCING MARKET, BY PRODUCT TYPE
- Diagnostic equipment's
- Therapeutic equipment's
- Patient monitoring equipment's
- Others
GLOBAL MEDICAL EQUIPMENT FINANCING MARKET, BY FINANCE TYPE
- New Medical Equipment
- Rental Equipment
- Refurbished Equipment
- Others
GLOBAL MEDICAL EQUIPMENT FINANCING MARKET, BY END USER
- Hospitals
- Clinics
- Research labs
- Speciality centres
- Diagnostic centres
- Laboratories
- Others
GLOBAL MEDICAL EQUIPMENT FINANCING MARKET, BY REGION
- Europe
- Germany
- France
- Italy
- Spain
- United Kingdom
- Russia
- Netherlands
- Sweden
- Poland
- Rest of Europe
- Asia Pacific
- India
- China
- South Korea
- Japan
- Australia
- Thailand
- Indonesia
- Philippines
- Rest of APAC
- Latin America
- Brazil
- Mexico
- Argentina
- Colombia
- Rest of LATAM
- The Middle East and Africa
- Saudi Arabia
- United Arab Emirates
- Israel
- Turkey
- Algeria
- Egypt
- Rest of MEA