Medical Equipment Financing Market: Is Covid19 testing the healthcare industry?
The global “Medical Equipment Financing Market Size” is predicted to reach USD 210.46 billion by 2027 owing to the advent of technological innovations in medical equipment. With the continuous advancement in medical technology, it has become a necessity to opt for the best-in-class medical equipment for excellent healthcare services. However, advanced diagnostic systems are expensive and are difficult for medical practitioners and hospitals to afford through their funds. There arises the need for medical equipment funding with low monthly installments and flexible loan models. According to a recently published report by Fortune Business Insights™ titled, “Medical Equipment Financing Market Size, Share & Industry Analysis, By Device Type (Diagnostic Equipment, Therapeutic Equipment, Patient Monitoring Equipment, and Others), By End User (Hospitals & Clinics, Laboratories and Diagnostic Centers, and Others), and Regional Forecast, 2020-2027,” the market value was USD 102.30 billion in 2019 and will rise at a CAGR of 9.5% between the forecast duration, 2020 to 2027.
The report covers:
- Global Medical Equipment Financing Market trends, with detailed analysis on consumer trends & manufacturer trends.
- Overview on supply analysis covering trends across raw material suppliers, technology providers and distributors.
- Key areas of investments identifying market opportunities and challenges in forecast timeframe.
- Competitive analysis of the industry players along with the overview on strategic management.
- Comprehensive company profiles of the major industry players.
Request a Sample Copy of the Research Report: https://www.fortunebusinessinsights.com/enquiry/request-sample-pdf/medical-equipment-financing-market-102731
Leading Players operating in the Medical Equipment Financing Market are:
Key players are involved in mergers and acquisition to strengthen their market position. Owing to increasing competition frequent innovations are taking place in the market. Some of the companies operating the industry are:
- National Funding
- First American Equipment Finance
- HDFC Bank Ltd
- Hero FinCorp
- Blue Bridge Financial, LLC.
- TIAA Bank
- SMC
- Other Players
For more information in the analysis of this report, visit: https://www.fortunebusinessinsights.com/medical-equipment-financing-market-102731
Market Drivers
Advent of Artificial Intelligence into Medical Sector will Add Impetus to Market
Various factors are responsible for the medical equipment financing market growth. These include the increasing number of diagnostic tests, patient monitoring, and increasing demand for diagnostic and therapeutic devices. Besides this, the rising prevalence of infectious diseases is also boosting the market. This, coupled with the rising need to provide advance medical care to patients and the need for therapeutic equipment such as ventilators, dialysis machines, ICU equipment, and others, is further expected to aid in the expansion of the market during the forecast period.
Key Industry Developments of this Market include:
October 2019 – Health Credit Services LLC., a loan provider for medical practitioners in dental, vision, orthopedics, cosmetics, and others were acquired by Ally Financial for increasing the potential of the company to offer digital financial solutions.
More Trending Topics from Fortune Business Insights:
Medical Clothing Market Top Key Players, Industry Size, Growth, Segments, Revenue, Manufacturers and 2026 Forecast Research Report
Dental Crowns and Bridges Market Opportunities, Future Trends, Competitive Landscape and Growth Factor by Forecast 2026
Anti-Inflammatory Biologics Market Share, Worldwide Opportunities, Industry Region, Share, Key Players and Competitive Landscape Forecast to 2027