
Medical Equipment Financing Market Size, Share, Growth and Global Industry Analysis By Type & Application, Regional Insights and Forecast to 2024-2032
Description
Medical Equipment Financing Market Size, Share, Growth and Global Industry Analysis By Type & Application, Regional Insights and Forecast to 2024-2032
Growth Factors of Medical Equipment Financing Market
The medical equipment financing market size was valued at USD 102.30 billion in 2019, and the market is now projected to be USD 336.95 billion by 2032, exhibiting a CAGR of 6.3% during the forecast period of 2020-2032.
The increased demand for diagnostic equipment, and patient monitoring systems impelled the market growth. The COVID-19 pandemic has proven to be advantageous for the market. The pandemic has recently created multiple opportunities in the medical equipment financing market worldwide. The growing demand for diagnostic kits, checkup accessories for instance gloves, masks, protective gear, and many more have initiated robust manufacturing in the medical industry. Hence, the pandemic has boosted the medical equipment financing market growth.
The medical equipment financing market share globally has increased because of the technological innovations in health check tools. There has been incredible growth in the medical instrument industry. Rapid technological advancements integrated with AI technology have leveraged the medical sector’s potential. This is the major factor encouraging the demand and magnetizing doctors, physicians, and others towards the tools funding market. The highly advanced & expensive equipment has made the hospitals, and diagnostic centers to opt for funding. In addition, medical finance companies have equally provided flexible investment solutions to its customers. Furthermore, upgradation of the existing equipment versions increases the cost factor, and eventually becomes unaffordable by the physicians of the middle-income and lower-income countries.
The trend is increasing higher medical equipment finance support from banks is propelling the market growth. After the signing of the Affordable Care Act in 2010, there has been a tremendous change in the dynamic aspects of the therapeutic apparatus finance field. The sector has now shifted its focus on the interest of financial decision-makers. This has created a great avenue for several finance lenders in enhancing their businesses. The equipment funding companies and banks are represented as a backbone that can provide sufficient finance.
Comprehensive Analysis of Medical Equipment Financing Market
The medical equipment financing market and healthcare industry is rising at an exponential rate due to its market segmentation. This market expansion effectively provides a detailed regional assessment considering the dominant supply and demand forces that impact the healthcare industry. These segmentations are methodically segregated by device type and end user. The device types include diagnostic equipment, therapeutic equipment, patient monitoring equipment, and others. The end users involve hospitals & clinics, laboratories and diagnostic centers, and others.
The North American region is conducive to the global medical equipment financing market, leading to a recall of USD 45.93 billion due to the highest finance rate for medical equipment in the region. Constant medical device innovations and investments in the medical infrastructures have supported the dominance of this region.
The top players in the market play a crucial role in the healthcare industry assuring industrial prospectus growth and setting market standards. These players include Hero FinCorp, National Funding, Blue Bridge Financial, LLC., First American Equipment Finance, TIAA Bank, HDFC Bank Ltd, SMC Finance, and Other Prominent Players, these market players provide a level-playing competitive landscape.
In July 2021, IFC and MIGA (Multilateral Investment Guarantee Agency) launched a combined initiative, the Trade Finance Guarantee initiative. This scheme will support trade flows of critical goods, as well as food and medical equipment in low-income countries to recover them from the impacts of the pandemic.
Segmentation Table
Global Medical Equipment Financing Market Scope
ATTRIBUTE DETAILS
Study Period 2016 – 2027
Base Year 2019
Forecast Period 2020-2027
Historical Period 2016-2018
Unit Value (USD billion)
SegmentationBy Device Type
Diagnostic Equipment
Therapeutic Equipment
Patient Monitoring Equipment
Others
By End User
Hospitals & Clinics
Laboratories & Diagnostic Centers
Others
By Geography
North America (the U.S. and Canada)
Europe (U.K., Germany, France, Italy, Spain, Scandinavia, and the Rest of Europe)
Asia-Pacific (Japan, China, India, Australia, Southeast Asia, and the Rest of Asia- Pacific)
Latin America (Brazil, Mexico, and the Rest of Latin America)
Middle East & Africa (South Africa, GCC and the Rest of the Middle East & Africa)
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Table of Contents
130 Pages
- 1. Introduction
- 1.1. Market Scope
- 1.2. Market Segmentation
- 1.3. Market Methodology
- 1.4. Definitions and Assumptions
- 2. Executive Summary
- 3. Market Dynamics
- 3.1. Market Drivers
- 3.2. Market Restraints
- 3.3. Market Opportunities
- 4. Key Insights
- 4.1. Overview: Trends in Medical Equipment Finance Market
- 4.2. Snapshot of Equipment Finance Industry
- 4.3. New Product Launch of Medical Equipments
- 4.4. Key Industry Developments - Mergers, Acquisitions, and Partnerships
- 5. Global Medical Equipment Financing Market Analysis, Insights and Forecast, 2016-2027
- 5.1. Key Findings / Summary
- 5.2. Market Analysis, Insights and Forecast – By Device Type
- 5.2.1. Diagnostic Equipment
- 5.2.2. Therapeutic Equipment
- 5.2.3. Patient-monitoring Equipment
- 5.2.4. Others
- 5.3. Market Analysis, Insights and Forecast – By End User
- 5.3.1. Hospitals & Clinics
- 5.3.2. Laboratories & Diagnostic Centers
- 5.3.3. Others
- 5.4. Market Analysis, Insights and Forecast – By Geography
- 5.4.1. North America
- 5.4.2. Europe
- 5.4.3. Asia Pacific
- 5.4.4. Latin America
- 5.4.5. Middle East & Africa
- 6. North America Medical Equipment Financing Market Analysis, Insights and Forecast, 2016-2027
- 6.1. Key Findings / Summary
- 6.2. Market Analysis, Insights and Forecast – By Device Type
- 6.2.1. Diagnostic Equipment
- 6.2.2. Therapeutic Equipment
- 6.2.3. Patient-monitoring Equipment
- 6.2.4. Others
- 6.3. Market Analysis, Insights and Forecast – By End User
- 6.3.1. Hospitals & Clinics
- 6.3.2. Laboratories & Diagnostic Centers
- 6.3.3. Others
- 6.4. Market Analysis, Insights and Forecast – By Country
- 6.4.1. U.S.
- 6.4.2. Canada
- 7. Europe Medical Equipment Financing Market Analysis, Insights and Forecast, 2016-2027
- 7.1. Key Findings / Summary
- 7.2. Market Analysis, Insights and Forecast – By Device Type
- 7.2.1. Diagnostic Equipment
- 7.2.2. Therapeutic Equipment
- 7.2.3. Patient-monitoring Equipment
- 7.2.4. Others
- 7.3. Market Analysis, Insights and Forecast – By End User
- 7.3.1. Hospitals & Clinics
- 7.3.2. Laboratories & Diagnostic Centers
- 7.3.3. Others
- 7.4. Market Analysis, Insights and Forecast – By Country/Sub-region
- 7.4.1. U.K.
- 7.4.2. Germany
- 7.4.3. France
- 7.4.4. Spain
- 7.4.5. Italy
- 7.4.6. Scandinavia
- 7.4.7. Rest of Europe
- 8. Asia Pacific Medical Equipment Financing Market Analysis, Insights and Forecast, 2016-2027
- 8.1. Key Findings / Summary
- 8.2. Market Analysis, Insights and Forecast – By Device Type
- 8.2.1. Diagnostic Equipment
- 8.2.2. Therapeutic Equipment
- 8.2.3. Patient-monitoring Equipment
- 8.2.4. Others
- 8.3. Market Analysis, Insights and Forecast – By End User
- 8.3.1. Hospitals & Clinics
- 8.3.2. Laboratories & Diagnostic Centers
- 8.3.3. Others
- 8.4. Market Analysis, Insights and Forecast – By Country/Sub-region
- 8.4.1. Japan
- 8.4.2. China
- 8.4.3. India
- 8.4.4. Australia
- 8.4.5. Southeast Asia
- 8.4.6. Rest of Asia Pacific
- 9. Latin America Medical Equipment Financing Market Analysis, Insights and Forecast, 2016-2027
- 9.1. Key Findings / Summary
- 9.2. Market Analysis, Insights and Forecast – By Device Type
- 9.2.1. Diagnostic Equipment
- 9.2.2. Therapeutic Equipment
- 9.2.3. Patient-monitoring Equipment
- 9.2.4. Others
- 9.3. Market Analysis, Insights and Forecast – By End User
- 9.3.1. Hospitals & Clinics
- 9.3.2. Laboratories & Diagnostic Centers
- 9.3.3. Others
- 9.4. Market Analysis, Insights and Forecast – By Country/Sub-region
- 9.4.1. Brazil
- 9.4.2. Mexico
- 9.4.3. Rest of Latin America
- 10. Middle East & Africa Medical Equipment Financing Market Analysis, Insights and Forecast, 2016-2027
- 10.1. Key Findings / Summary
- 10.2. Market Analysis, Insights and Forecast – By Device Type
- 10.2.1. Diagnostic Equipment
- 10.2.2. Therapeutic Equipment
- 10.2.3. Patient-monitoring Equipment
- 10.2.4. Others
- 10.3. Market Analysis, Insights and Forecast – By End User
- 10.3.1. Hospitals & Clinics
- 10.3.2. Laboratories & Diagnostic Centers
- 10.3.3. Others
- 10.4. Market Analysis, Insights and Forecast – By Country/Sub-region
- 10.4.1. GCC
- 10.4.2. South Africa
- 10.4.3. Rest of Middle East & Africa
- 11. Competitive Analysis
- 11.1. Key Industry Developments
- 11.2. Global Market Share Analysis (2019)
- 11.3. Competition Dashboard
- 11.4. Comparative Analysis – Major Players
- 11.5. Company Profiles (Overview, Product Types & Services, SWOT Analysis, Recent Developments, Strategies, Financials (Based on Availability))
- 11.5.1. Hero FinCorp
- 11.5.1.1. Overview,
- 11.5.1.2. Product Types & Services,
- 11.5.1.3. SWOT Analysis,
- 11.5.1.4. Recent Developments,
- 11.5.1.5. Strategies,
- 11.5.1.6. Financials (Based on Availability)
- 11.5.2. National Funding
- 11.5.2.1. Overview,
- 11.5.2.2. Product Types & Services,
- 11.5.2.3. SWOT Analysis,
- 11.5.2.4. Recent Developments,
- 11.5.2.5. Strategies,
- 11.5.2.6. Financials (Based on Availability)
- 11.5.3. Blue Bridge Financial, LLC.
- 11.5.3.1. Overview,
- 11.5.3.2. Product Types & Services,
- 11.5.3.3. SWOT Analysis,
- 11.5.3.4. Recent Developments,
- 11.5.3.5. Strategies,
- 11.5.3.6. Financials (Based on Availability)
- 11.5.4. First American Equipment Finance
- 11.5.4.1. Overview,
- 11.5.4.2. Product Types & Services,
- 11.5.4.3. SWOT Analysis,
- 11.5.4.4. Recent Developments,
- 11.5.4.5. Strategies,
- 11.5.4.6. Financials (Based on Availability)
- 11.5.5. TIAA Bank
- 11.5.5.1. Overview,
- 11.5.5.2. Product Types & Services,
- 11.5.5.3. SWOT Analysis,
- 11.5.5.4. Recent Developments,
- 11.5.5.5. Strategies,
- 11.5.5.6. Financials (Based on Availability)
- 11.5.6. HDFC Bank Ltd
- 11.5.6.1. Overview,
- 11.5.6.2. Product Types & Services,
- 11.5.6.3. SWOT Analysis,
- 11.5.6.4. Recent Developments,
- 11.5.6.5. Strategies,
- 11.5.6.6. Financials (Based on Availability)
- 11.5.7. SMC
- 11.5.7.1. Overview,
- 11.5.7.2. Product Types & Services,
- 11.5.7.3. SWOT Analysis,
- 11.5.7.4. Recent Developments,
- 11.5.7.5. Strategies,
- 11.5.7.6. Financials (Based on Availability)
- 11.5.8. Other Prominent Players
- 11.5.8.1. Overview,
- 11.5.8.2. Product Types & Services,
- 11.5.8.3. SWOT Analysis,
- 11.5.8.4. Recent Developments,
- 11.5.8.5. Strategies,
- 11.5.8.6. Financials (Based on Availability)
- 12. Strategic Recommendations
Pricing
Currency Rates
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