Medical Equipment Financing Market (By Product: Diagnostic Equipment, Therapeutic Equipment, Patient Monitoring Equipment, Laboratory Equipment, Medical Furniture; By Installation Type: New Medical Equipment, Rental Equipment, Refurbished Equipment; By End Use: Hospitals, Clinics, Laboratories and Diagnostic Centers, Ambulatory Surgical Centers (ASCs)) – Global Industry Analysis, Market Size, Opportunities and Forecast, 2020 - 2027

The global medical equipment financing market is anticipated to grow at a CAGR of around 6.8% during the forecast period 2020 to 2027 and to reach around US$ 219.4 Bn by 2027.

Market Dynamics

Increasing prevalence of chronic diseases across the globe, rapid technological advancements in medical equipments and devices, coupled with rising demand for advanced diagnostic equipment and therapeutic equipment are major factors expected to drive the growth of global market. In addition, high investment by major players for R&D activities, along with introduction of innovative solution is another important factor expected to further support the growth of target market.

• In 2020, Wells Fargo launched a vendor financing relationship with Siemens Healthineers, providing competitive, comprehensive financing options for hospitals and health systems across the U.S. This will help the company to strengthen its position in US market.

Major players focused on increasing business presence through strategic merger and acquisition this is expected to help the company to strengthen its position in the target market and increase the customer base this is another factor expected to augment the growth of target market.

• In 2019, TimePayment acquired LeaseQ Inc., a provider of online equipment financing platform. This acquisition will help the company to enhance the customer base and increase the product portfolio.
• In 2018, National Funding acquired QuickBridge a leading alternative financial services firm offering working capital to small businesses (SMB). This acquisition will help the company to strengthen its position in the target market and enhance the profit ratio.

Rising pandemic effect of COVID-19 across the globe, increasing R&D activities for development of vaccines is another factor expected to impact the growth of target market positively. Equipment financing companies play a major role in financing the equipments setting up a advanced facility in short period requires strong financial stability.

However, factors such as adoption of refurbished products and availability of rental option are expected to hamper the growth of global medical equipment financing market. In addition, lack of awareness among consumers in developing countries is another factor expected to further challenge the growth of target market.

High investment by major players in healthcare sector along with development of advanced equipments powered with AI are factors expected to create new opportunities for players operating in the target market over the forecast period. In addition, strategic partnership and agreements between regional and international players is another factor expected to revenue support the target market growth.

Medical Equipment Financing Market Segment Analysis, 2019

The global medical equipment financing market is segmented into equipment, type and end use. The equipment segment is further bifurcated into diagnostic equipment, therapeutic equipment, patient monitoring equipment, laboratory equipment, and medical furniture. Among End use the hospital segment is expected to account for significant revenue share in the global market. The type segment of the global market is further divided into new medical equipment, rental equipment, and refurbished equipment.

Segment Analysis by Region

The market in North America is expected to account for significant revenue share owing to high government spending on development of healthcare infrastructure. In addition, presence of major players operating in the country along with introduction of innovative product solutions is another factor expected to further support the growth of target market.

Asia Pacific is expected to witness faster growth in the near future owing to high government expenditure on healthcare sector. In addition, major players inclination towards developing countries due to easy availability of raw material and low cost labor is another factor expected to further support the growth of target market.

Competitive Landscape

The global market is high highly competitive due to presence of large number of players and innovative product offerings. In addition, business expansion activities through partnerships and agreements are factors expected to further increase the competition.

Report coverage

The market research study on “Medical Equipment Financing Market (Equipment: Diagnostic Equipment, Therapeutic Equipment, Patient Monitoring Equipment, Laboratory Equipment, and Medical Furniture; Type: New Medical Equipment, Rental Equipment, and Refurbished Equipment; End Use: Hospitals, Clinics, Laboratories and Diagnostic Centers, and Ambulatory Surgical Centers (ASCs)) – Global Industry Analysis, Market Size, Opportunities and Forecast, 2020 - 2027”, offers a detailed insights on the global medical equipment financing market entailing insights on its different market segments. Market dynamics with drivers, restraints and opportunities with their impact are provided in the report. The report provides insights on global medical equipment financing market segment by equipment, type, end use and major geographic regions. The report covers basic development policies and layouts of technology development processes. Secondly, the report covers global medical equipment financing market size and segment markets by equipment, type, end use and geography along with the information on companies operating in the market. The medical equipment financing market analysis is provided for major regional market including North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. For each region, the market size for different segments has been covered under the scope of report. The players profiled in the report National Funding, CMS Funding, Toronto-Dominion Bank, TIAA Bank, HDFC Bank, Bajaj Finserv, Amur equipment Finance, Société Générale S.A., Macquarie Group Limited, JPMorgan Chase & Co., SMC Finance, Kabbage Inc., First American Healthcare Finance, Truist Bank.

Market Segmentation

Market By Product

• Diagnostic Equipment
• Therapeutic Equipment
• Patient Monitoring Equipment
• Laboratory Equipment
• Medical Furniture

Market By Installation Type

• New Medical Equipment
• Rental Equipment
• Refurbished Equipment

Market By End Use

• Hospitals
• Clinics
• Laboratories and Diagnostic Centers
• Ambulatory Surgical Centers (ASCs)

Market By Region

North America

• US
• Canada

Europe

• UK
• Germany
• France
• Spain
• Rest of Europe

Asia Pacific

• China
• Japan
• India
• Australia
• South Korea
• Rest of Asia Pacific

Latin America

• Brazil
• Mexico
• Rest if Latin America

Middle East & Africa

• GCC
• South Africa
• Rest of Meddle East & Africa