The Medical Patient Financing industry, which extends credit to consumers to cover medical procedures, has started to adapt to subdued demand and a changing healthcare environment over the five years to 2017. Following revenue decline in 2012, as consumers delayed elective medical procedures, industry revenue started to trend upward as demand strengthened in 2013, somewhat offsetting the industry's poor performance in the first year of the current period. Pent-up consumer demand for health services, coupled with improved household debt, has helped industry revenue grow. Rising healthcare costs have boosted demand for industry financing in recent years. Over the next five years, the industry is expected to continue expanding. Stronger economic growth and increasing healthcare expenditures will drive the industry.
This industry includes companies that are primarily engaged in extending credit facilities to consumers to cover healthcare costs and related expenses. Financing can be provided for elective and nonelective medical procedures.
This report covers the scope, size, disposition and growth of the industry including the key sensitivities and success factors. Also included are five year industry forecasts, growth rates and an analysis of the industry key players and their market shares.