GLOBAL MEDICAL EQUIPMENT FINANCING MARKET SIZE AND SHARE ANALYSIS - GROWTH TRENDS AND FORECASTS (2024-2031)

Global medical equipment financing market is estimated to be valued at USD 173.69 BN in 2024 and is expected to exhibit a CAGR of 6.8% during the forecast period (2024-2031). Global medical equipment financing market has witnessed steady growth globally over the past few decades. With increasing costs of advanced medical technology and equipment, healthcare providers worldwide are relying more on financing options to obtain the latest tools for diagnostic, surgical and patient monitoring needs. Medical equipment financing allows hospitals, clinics and physicians to distribute equipment costs over time through leases or loans, thus, freeing up capital for other operational expenses. Financing new medical technologies can improve patient care through better diagnosis and treatment while easing budgetary pressures faced by healthcare organizations.

Market Dynamics:

Global medical equipment financing market growth is driven by rising need for medical facilities to upgrade their existing equipment and technologies. Growing demand for minimally invasive surgical tools, robot-assisted surgery devices, imaging equipment and patient monitoring solutions boosts demand for financing options for medical device manufacturers as well as independent financing companies. However, stringent eligibility requirements and complex approval processes hampers the market growth. Favorable initiatives by governments worldwide to promote technology adoption in the healthcare sector is opening up opportunities for market players. As healthcare costs increases, medical equipment financing models that bundle equipment, service and maintenance are gaining traction.

Key Features of the Study:

• This report provides in-depth analysis of the global medical equipment financing market, and provides market size (USD BN) and compound annual growth rate (CAGR%) for the forecast period (2024–2031), considering 2023 as the base year
• It elucidates potential revenue opportunities across different segments and explains attractive investment proposition matrices for this market
• This study also provides key insights about market drivers, restraints, opportunities, new product launches or approval, market trends, regional outlook, and competitive strategies adopted by key players
• It profiles key players in the global medical equipment financing market based on the following parameters – company highlights, products portfolio, key highlights, financial performance, and strategies
• Key companies covered as a part of this study includes First American Equipment Finance, Blue Bridge Financial, Inc., Charter capital, Med One, SMC Finance, Siemens Financial Services, First Capital, HDFC Bank, Terkar Capital, Bajaj Finserv, Clix Capital, IndusInd Bank, Piramal Finance, ICICI Bank, TIAA Bank, Wells Fargo, and SunTrust Banks
• Insights from this report would allow marketers and the management authorities of the companies to make informed decisions regarding their future product launches, type up-gradation, market expansion, and marketing tactics
• Global medical equipment financing market report caters to various stakeholders in this industry including investors, suppliers, product manufacturers, distributors, new entrants, and financial analysts
• Stakeholders would have ease in decision-making through various strategy matrices used in analyzing the global medical equipment financing market

Detailed Segmentation-

• Equipment Type:
• • Imaging Devices
  • Diagnostic Devices
  • Surgical Devices
  • Patient Monitoring Equipment
  • Others
• Type:
• • Rental Equipment
  • Refurbished Equipment
  • New Medical Equipment
• End User:
• • Hospitals
  • Diagnostic Laboratories
  • Ambulatory Surgical Centres
  • Others
• Region:
• • North America
  • Europe
  • Asia Pacific
  • Latin America
  • Middle East
  • Africa
• Company Profiles:
• • First American Equipment Finance
  • Blue Bridge Financial, Inc.
  • Charter capital
  • Med One
  • SMC Finance
  • Siemens Financial Services
  • First Capital
  • HDFC Bank
  • Terkar Capital
  • Bajaj Finserv
  • Clix Capital
  • IndusInd Bank
  • Piramal Finance
  • ICICI Bank
  • TIAA Bank
  • Wells Fargo
  • SunTrust Banks