Medical Patient Financing
The Medical Patient Financing industry, which extends credit to consumers to cover medical procedures, has experienced greater demand and a shifting healthcare environment over the five years to 2018. Industry revenue is expected to grow steadily during the period, as higher disposable incomes, lower unemployment and increased access to credit enable a greater number of consumers to finance elective and nonelective healthcare procedures. The industry is also characterized by the entrance of regional operators and financial technology companies offering medical financing services. Over the five years to 2018, IBISWorld expects industry revenue to increase. Over the five years to 2023, the industry is expected to continue expanding, albeit at a decelerated rate.
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.
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