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REPORT SCOPE & OVERVIEW

In 2022, The Medical Equipment Financing Market size amounted to USD 126.65 Billion & is estimated to reach USD 265.61 Billion by 2030 and increase at a compound annual growth rate of 9.7% between 2023 and 2030.

The Medical Equipment Financing Market refers to the financial sector dedicated to providing funding and financing solutions for medical equipment and healthcare technology. This market addresses the needs of healthcare providers, such as hospitals, clinics, diagnostic centres, and private practices, by offering them the necessary financial resources to acquire medical equipment and technology. Medical equipment can encompass a wide range of devices, instruments, machinery, and technology used for diagnosing, treating, and monitoring patients. Medical equipment financing helps healthcare organizations and professionals acquire essential medical devices without the need for upfront capital investment. This is particularly important because medical equipment can be expensive and require periodic upgrades to stay current with medical advancements. Financing options in this market can include equipment leasing, where the healthcare provider pays a regular fee to use the equipment over a set period, and loans, which involve borrowing funds to purchase the equipment and paying back the loan in instalments over time. Medical equipment financing offers flexibility in payment structures, allowing healthcare providers to tailor their payments based on their budget and revenue streams. This can help prevent financial strain and maintain cash flow for other operational needs.

Medical Equipment Financing Market Revenue Analysis

The healthcare industry is continuously evolving, with new and advanced medical technologies being developed. Medical equipment financing allows healthcare providers to keep up with these technological advancements by replacing outdated equipment with modern alternatives. Often, financing solutions are offered in collaboration with medical equipment manufacturers or suppliers. This enables seamless integration between equipment acquisition and financing, simplifying the procurement process for healthcare providers. The Medical Equipment Financing Market may be subject to regulations and guidelines that vary by region or country. This ensures that healthcare providers adhere to certain standards and compliance measures when acquiring medical equipment. The demand for medical equipment financing is driven by the growth of the healthcare industry, technological innovation, and the need to provide high-quality patient care. As healthcare services expand and equipment becomes more sophisticated, the market for medical equipment financing also expands. Medical equipment financing offers several benefits to healthcare providers, including the ability to access the latest medical technology, conserve working capital, manage budget constraints, and preserve credit lines for other needs. Overall, the Medical Equipment Financing Market plays a crucial role in supporting the healthcare sector's access to modern and advanced medical equipment, ultimately contributing to improved patient care and outcomes.

MARKET DYNAMICS

DRIVERS:

  • The healthcare industry is characterized by continuous technological advancements and innovations.

  • The Medical Equipment Financing Market is driven by the high cost of medical equipment.

Medical equipment may be costly, especially advanced diagnostic and treatment instruments. Healthcare organisations, particularly smaller ones, may find it difficult to pay for these acquisitions altogether. Financing solutions provide a way to reduce expenditures while still receiving necessary equipment.

RESTRAIN:

  • Economic downturns, recessions, or financial crises can affect the overall healthcare industry.

  • The Medical Equipment Financing Market is hampered by creditworthiness and risk assessment.

Lenders and financing institutions assess the creditworthiness of healthcare providers before extending financing. Providers with lower credit scores or financial instability might face challenges in obtaining favourable financing terms or securing financing at all.

OPPORTUNITY:

  • As the world's population continues to expand and age, so does the need for healthcare services, including diagnostics and treatments.

  • The Medical Equipment Financing Market's opportunity is technological innovation.

The healthcare industry is characterized by constant technological innovation. New medical devices and equipment are regularly introduced to improve patient care and outcomes. Financing providers can capitalize on this opportunity by offering financing solutions that allow healthcare providers to stay at the forefront of medical technology.

CHALLENGES: 

  • Economic fluctuations, recessions, and financial crises can impact healthcare providers' budgets and willingness to invest in new equipment.

  • The most difficult difficulty in the Medical Equipment Financing Market is a lack of financing providers.

In some regions or for certain types of medical equipment, there might be limited options for financing providers. This can restrict healthcare providers' choices and lead to less competitive financing terms.

IMPACT OF RUSSIAN UKRAINE WAR

Following Russia's invasion, the Bank began channelling its own and other donors' resources to fund the wages of personnel who maintain key public services, particularly healthcare staff, under the Public Expenditures for Administrative Capacity Endurance (PEACE) programme. This initiative has also funded many of the government's social transfers for vulnerable individuals, such as pensions, disability subsidies, poor-people programmes, and payments to internally displaced people. To guarantee that money reaches the intended beneficiaries, the initiative is designed to transfer monies to the government retrospectively, after the government has completed its payments and following a spending verification procedure. Furthermore, the Bank enabled the delivery of $45 million in emergency medical equipment and supplies to more than 550 hospitals in 2022 by quickly pivoting and shifting resources from current health programmes such as the Serving People, Improving Health Project. In the context of this conflict, the Bank contributes to a market in medical equipment financing by providing certain emergency funding amounting to 4-5 %.

IMPACT OF ONGOING RECESSION

CNBC predicted in January that the chances of a 2023 recession were more than 62%, citing warning signs such as rising gas prices, inflation, and a faltering economy. A medical business owner must be cognizant of cash flow during a recession. You may get the advantages of new equipment when you need it most by financing it, while simultaneously maintaining a solid cash reserve. Equipment financing may be a significant option for medical firms looking to secure the equipment they need to function and develop during a downturn while saving money and taking advantage of potential tax breaks.

KEY MARKET SEGMENTS

By Device Type

  • Therapeutic Equipment, Diagnostic Equipment

  • Therapeutic Equipment

  • Others

By End User

  • Laboratories and Diagnostic Centers

  • Hospitals & Clinics

  • Others

Medical Equipment Financing Market Segmentation Analysis

REGIONAL COVERAGE:

North America

  • US

  • Canada

  • Mexico

Europe

  • Eastern Europe

    • Poland

    • Romania

    • Hungary

    • Turkey

    • Rest of Eastern Europe

  • Western Europe

    • Germany

    • France

    • UK

    • Italy

    • Spain

    • Netherlands

    • Switzerland

    • Austria

    • Rest of Western Europe

Asia Pacific

  • China

  • India

  • Japan

  • South Korea

  • Vietnam

  • Singapore

  • Australia

  • Rest of Asia Pacific

Middle East & Africa

  • Middle East

    • UAE

    • Egypt

    • Saudi Arabia

    • Qatar

    • Rest of Middle East

  • Africa

    • Nigeria

    • South Africa

    • Rest of Africa

Latin America

  • Brazil

  • Argentina

  • Colombia

  • Rest of Latin America

REGIONAL ANALYSIS

North America: The size of the medical equipment finance market in North America emerged as dominating. The key reason for this domination is the region's highest financing rate for medical equipment. Continuous medical device innovation and expenditures in medical infrastructure have contributed to this region's dominance. In addition, due to the growing use of artificial intelligence for medical equipment financing and increasing investments in healthcare infrastructure, Europe has been ranked second in the market.

Asia Pacific: With the rise of the financial sector in the area, as well as the establishment of hospitals and cutting-edge labs and diagnostic centres in its rising countries, Asia Pacific is expected to expand quicker. Funding for the medical industry from various governments will also assist in market expansion. Nirmala Sitharaman, India's finance minister, just announced the budget for 2020. The allocation's primary goal was to establish a higher number of hospitals around the country. In the projected term, such investments are anticipated to raise market size.

Key players

Some major key players in Medical Equipment Financing Market are HDFC Bank, CMS Funding, National Funding, Macquarie Group Limited, TIAA Bank, Toronto-Dominion Bank, Société General S.A., Bajaj Fiserv, First American Healthcare Finance, Amur Equipment Finance and other players.

CMS Funding​​​​​​​-Company Financial Analysis

RECENT DEVELOPMENT

In 2021: The International Finance Corporation (IFC) and the Multilateral Investment Guarantee Agency (MIGA) have announced the Trade Finance Guarantee programme, which will support trade flows of key items, including food and medical equipment, in low-income countries as they recover from the effects of the epidemic.

In 2021: G.E. Healthcare and NSIA Banque Cote d'Ivoire have launched a collaboration with the IFC's Africa Medical Equipment Facility to boost the healthcare industry and promote medical equipment financing throughout Africa.

In 2021: In partnership with Anaxago, IMAGENES secured USD 1.45 million in startup funding. This will bolster the company's staff with significant R&D skills in order to grow the implementation of its software products.

Medical Equipment Financing Market Report Scope:
Report Attributes Details
Market Size in 2022  US$ 126.65 Bn
Market Size by 2030  US$ 265.61 Bn
CAGR   CAGR of 9.7 % From 2023 to 2030
Base Year 2022
Forecast Period  2023-2030
Historical Data  2020-2021
Report Scope & Coverage Market Size, Segments Analysis, Competitive  Landscape, Regional Analysis, DROC & SWOT Analysis, Forecast Outlook
Key Segments • By Device Type (Therapeutic Equipment, Diagnostic Equipment, Therapeutic Equipment, Others)
• By End User (Laboratories and Diagnostic Centers, Hospitals & Clinics, Others)
Regional Analysis/Coverage North America (US, Canada, Mexico), Europe (Eastern Europe [Poland, Romania, Hungary, Turkey, Rest of Eastern Europe] Western Europe] Germany, France, UK, Italy, Spain, Netherlands, Switzerland, Austria, Rest of Western Europe]). Asia Pacific (China, India, Japan, South Korea, Vietnam, Singapore, Australia, Rest of Asia Pacific), Middle East & Africa (Middle East [UAE, Egypt, Saudi Arabia, Qatar, Rest of Middle East], Africa [Nigeria, South Africa, Rest of Africa], Latin America (Brazil, Argentina, Colombia Rest of Latin America)
Company Profiles HDFC Bank, CMS Funding, National Funding, Macquarie Group Limited, TIAA Bank, Toronto-Dominion Bank, Société General S.A., Bajaj Fiserv, First American Healthcare Finance, Amur Equipment Finance 
Key Drivers • The healthcare industry is characterized by continuous technological advancements and innovations.
• The Medical Equipment Financing Market is driven by the high cost of medical equipment.
Market Restraints • Economic downturns, recessions, or financial crises can affect the overall healthcare industry.
• The Medical Equipment Financing Market is hampered by creditworthiness and risk assessment.

 

Frequently Asked Questions

Ans. The Compound Annual Growth rate for Medical Equipment Financing Market over the forecast period is 9.7%.

Ans. USD 265.61 Billion is the projected Medical Equipment Financing market size of the market by 2030.

Ans. During the projected period, the diagnostic equipment sector is likely to lead the market.

Ans. In 2022, North America dominated the market.

Ans. The emergence of technologically advanced equipment, rising capital investments, and demand for state-of-the-art facilities at hospitals and specialist clinics are the reasons driving medical equipment adoption.

Table of Contents

1. Introduction
1.1 Market Definition
1.2 Scope
1.3 Research Assumptions

2. Research Methodology

3. Market Dynamics
3.1 Drivers
3.2 Restraints
3.3 Opportunities
3.4 Challenges

4. Impact Analysis
4.1 Impact of Russia-Ukraine War
4.2 Impact of Ongoing Recession
4.2.1 Introduction
4.2.2 Impact on major economies
4.2.2.1 US
4.2.2.2 Canada
4.2.2.3 Germany
4.2.2.4 France
4.2.2.5 United Kingdom
4.2.2.6 China
4.2.2.7 Japan
4.2.2.8 South Korea
4.2.2.9 Rest of the World

5. Value Chain Analysis

6. Porter’s 5 forces model

7. PEST Analysis

8. Medical Equipment Financing Market Segmentation, By Device Type
8.1 Therapeutic Equipment
8.2 Diagnostic Equipment
8.3 Therapeutic Equipment
8.4 Others

9. Medical Equipment Financing Market Segmentation, By End User
9.1 Laboratories and Diagnostic Centers
9.2 Hospitals & Clinics
9.3 Others

10. Regional Analysis
10.1 Introduction
10.2 North America
10.2.1 North America Medical Equipment Financing Market by Country
10.2.2 North America Medical Equipment Financing Market by Device Type
10.2.3 North America Medical Equipment Financing Market by End User
10.2.4 USA
10.2.4.1 USA Medical Equipment Financing Market by Device Type
10.2.4.2 USA Medical Equipment Financing Market by End User
10.2.5 Canada
10.2.5.1 Canada Medical Equipment Financing Market by Device Type
10.2.5.2 Canada Medical Equipment Financing Market by End User
10.2.6 Mexico
10.2.6.1 Mexico Medical Equipment Financing Market by Device Type
10.2.6.2 Mexico Medical Equipment Financing Market by End User
10.3 Europe
10.3.1 Eastern Europe
10.3.1.1 Eastern Europe Medical Equipment Financing Market by Country
10.3.1.2 Eastern Europe Medical Equipment Financing Market by Device Type
10.3.1.3 Eastern Europe Medical Equipment Financing Market by End User
10.3.1.4 Poland
10.3.1.4.1 Poland Medical Equipment Financing Market by Device Type
10.3.1.4.2 Poland Medical Equipment Financing Market by End User
10.3.1.5 Romania
10.3.1.5.1 Romania Medical Equipment Financing Market by Device Type
10.3.1.5.2 Romania Medical Equipment Financing Market by End User
10.3.1.6 Hungary
10.3.1.6.1 Hungary Medical Equipment Financing Market by Device Type
10.3.1.6.2 Hungary Medical Equipment Financing Market by End User
10.3.1.7 Turkey
10.3.1.7.1 Turkey Medical Equipment Financing Market by Device Type
10.3.1.7.2 Turkey Medical Equipment Financing Market by End User
10.3.1.8 Rest of Eastern Europe
10.3.1.8.1 Rest of Eastern Europe Medical Equipment Financing Market by Device Type
10.3.1.8.2 Rest of Eastern Europe Medical Equipment Financing Market by End User
10.3.2 Western Europe
10.3.2.1 Western Europe Medical Equipment Financing Market by Country
10.3.2.2 Western Europe Medical Equipment Financing Market by Device Type
10.3.2.3 Western Europe Medical Equipment Financing Market by End User
10.3.2.4 Germany
10.3.2.4.1 Germany Medical Equipment Financing Market by Device Type
10.3.2.4.2 Germany Medical Equipment Financing Market by End User
10.3.2.5 France
10.3.2.5.1 France Medical Equipment Financing Market by Device Type
10.3.2.5.2 France Medical Equipment Financing Market by End User
10.3.2.6 UK
10.3.2.6.1 UK Medical Equipment Financing Market by Device Type
10.3.2.6.2 UK Medical Equipment Financing Market by End User
10.3.2.7 Italy
10.3.2.7.1 Italy Medical Equipment Financing Market by Device Type
10.3.2.7.2 Italy Medical Equipment Financing Market by End User
10.3.2.8 Spain
10.3.2.8.1 Spain Medical Equipment Financing Market by Device Type
10.3.2.8.2 Spain Medical Equipment Financing Market by End User
10.3.2.9 Netherlands
10.3.2.9.1 Netherlands Medical Equipment Financing Market by Device Type
10.3.2.9.2 Netherlands Medical Equipment Financing Market by End User
10.3.2.10 Switzerland
10.3.2.10.1 Switzerland Medical Equipment Financing Market by Device Type
10.3.2.10.2 Switzerland Medical Equipment Financing Market by End User
10.3.2.11 Austria
10.3.2.11.1 Austria Medical Equipment Financing Market by Device Type
10.3.2.11.2 Austria Medical Equipment Financing Market by End User
10.3.2.12 Rest of Western Europe
10.3.2.12.1 Rest of Western Europe Medical Equipment Financing Market by Device Type
10.3.2.12.2 Rest of Western Europe Medical Equipment Financing Market by End User
10.4 Asia-Pacific
10.4.1 Asia Pacific Medical Equipment Financing Market by Country
10.4.2 Asia Pacific Medical Equipment Financing Market by Device Type
10.4.3 Asia Pacific Medical Equipment Financing Market by End User
10.4.4 China
10.4.4.1 China Medical Equipment Financing Market by Device Type
10.4.4.2 China Medical Equipment Financing Market by End User
10.4.5 India
10.4.5.1 India Medical Equipment Financing Market by Device Type
10.4.5.2 India Medical Equipment Financing Market by End User
10.4.6 Japan
10.4.6.1 Japan Medical Equipment Financing Market by Device Type
10.4.6.2 Japan Medical Equipment Financing Market by End User
10.4.7 South Korea
10.4.7.1 South Korea Medical Equipment Financing Market by Device Type
10.4.7.2 South Korea Medical Equipment Financing Market by End User
10.4.8 Vietnam
10.4.8.1 Vietnam Medical Equipment Financing Market by Device Type
10.4.8.2 Vietnam Medical Equipment Financing Market by End User
10.4.9 Singapore
10.4.9.1 Singapore Medical Equipment Financing Market by Device Type
10.4.9.2 Singapore Medical Equipment Financing Market by End User
10.4.10 Australia
10.4.10.1 Australia Medical Equipment Financing Market by Device Type
10.4.10.2 Australia Medical Equipment Financing Market by End User
10.4.11 Rest of Asia-Pacific
10.4.11.1 Rest of Asia-Pacific Medical Equipment Financing Market by Device Type
10.4.11.2 Rest of Asia-Pacific APAC Medical Equipment Financing Market by End User
10.5 Middle East & Africa
10.5.1 Middle East
10.5.1.1 Middle East Medical Equipment Financing Market by Country
10.5.1.2 Middle East Medical Equipment Financing Market by Device Type
10.5.1.3 Middle East Medical Equipment Financing Market by End User
10.5.1.4 UAE
10.5.1.4.1 UAE Medical Equipment Financing Market by Device Type
10.5.1.4.2 UAE Medical Equipment Financing Market by End User
10.5.1.5 Egypt
10.5.1.5.1 Egypt Medical Equipment Financing Market by Device Type
10.5.1.5.2 Egypt Medical Equipment Financing Market by End User
10.5.1.6 Saudi Arabia
10.5.1.6.1 Saudi Arabia Medical Equipment Financing Market by Device Type
10.5.1.6.2 Saudi Arabia Medical Equipment Financing Market by End User
10.5.1.7 Qatar
10.5.1.7.1 Qatar Medical Equipment Financing Market by Device Type
10.5.1.7.2 Qatar Medical Equipment Financing Market by End User
10.5.1.8 Rest of Middle East
10.5.1.8.1 Rest of Middle East Medical Equipment Financing Market by Device Type
10.5.1.8.2 Rest of Middle East Medical Equipment Financing Market by End User
10.5.2 Africa
10.5.2.1 Africa Medical Equipment Financing Market by Country
10.5.2.2 Africa Medical Equipment Financing Market by Device Type
10.5.2.3 Africa Medical Equipment Financing Market by End User
10.5.2.4 Nigeria
10.5.2.4.1 Nigeria Medical Equipment Financing Market by Device Type
10.5.2.4.2 Nigeria Medical Equipment Financing Market by End User
10.5.2.5 South Africa
10.5.2.5.1 South Africa Medical Equipment Financing Market by Device Type
10.5.2.5.2 South Africa Medical Equipment Financing Market by End User
10.5.2.6 Rest of Africa
10.5.2.6.1 Rest of Africa Medical Equipment Financing Market by Device Type
10.5.2.6.2 Rest of Africa Medical Equipment Financing Market by End User
10.6 Latin America
10.6.1 Latin America Medical Equipment Financing Market by Country
10.6.2 Latin America Medical Equipment Financing Market by Device Type
10.6.3 Latin America Medical Equipment Financing Market by End User
10.6.4 Brazil
10.6.4.1 Brazil Medical Equipment Financing Market by Device Type
10.6.4.2 Brazil Medical Equipment Financing Market by End User
10.6.5 Argentina
10.6.5.1 Argentina Medical Equipment Financing Market by Device Type
10.6.5.2 Argentina Medical Equipment Financing Market by End User
10.6.6 Colombia
10.6.6.1 Colombia Medical Equipment Financing Market by Device Type
10.6.6.2 Colombia Medical Equipment Financing Market by End User
10.6.7 Rest of Latin America
10.6.7.1 Rest of Latin America Medical Equipment Financing Market by Device Type
10.6.7.2 Rest of Latin America Medical Equipment Financing Market by End User

11 Company Profile
11.1 HDFC Bank
11.1.1 Company Overview
11.1.2 Financials
11.1.3 Product/Services Offered
11.1.4 SWOT Analysis
11.1.5 The SNS View
11.2 CMS Funding
11.2.1 Company Overview
11.2.2 Financials
11.2.3 Product/Services Offered
11.2.4 SWOT Analysis
11.2.5 The SNS View
11.3 National Funding
11.3.1 Company Overview
11.3.2 Financials
11.3.3 Product/Services Offered
11.3.4 SWOT Analysis
11.3.5 The SNS View
11.4 Macquarie Group Limited
11.4 Company Overview
11.4.2 Financials
11.4.3 Product/Services Offered
11.4.4 SWOT Analysis
11.4.5 The SNS View
11.5 TIAA Bank
11.5.1 Company Overview
11.5.2 Financials
11.5.3 Product/Services Offered
11.5.4 SWOT Analysis
11.5.5 The SNS View
11.6 Toronto-Dominion Bank
11.6.1 Company Overview
11.6.2 Financials
11.6.3 Product/Services Offered
11.6.4 SWOT Analysis
11.6.5 The SNS View
11.7 Société General S.A.
11.7.1 Company Overview
11.7.2 Financials
11.7.3 Product/Services Offered
11.7.4 SWOT Analysis
11.7.5 The SNS View
11.8 Bajaj Fiserv
11.8.1 Company Overview
11.8.2 Financials
11.8.3 Product/Services Offered
11.8.4 SWOT Analysis
11.8.5 The SNS View
11.9 First American Healthcare Finance
11.9.1 Company Overview
11.9.2 Financials
11.9.3 Product/ Services Offered
11.9.4 SWOT Analysis
11.9.5 The SNS View
11.10 Amur Equipment Finance
11.10.1 Company Overview
11.10.2 Financials
11.10.3 Product/Services Offered
11.10.4 SWOT Analysis
11.10.5 The SNS View

12. Competitive Landscape
12.1 Competitive Benchmarking
12.2 Market Share Analysis
12.3 Recent Developments
12.3.1 Industry News
12.3.2 Company News
12.3.3 Mergers & Acquisitions

13. USE Cases and Best Practices

14. Conclusion

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Secondary Research

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Primary Research

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Data Bank Validation

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