Farmington, Jan. 25, 2023 (GLOBE NEWSWIRE) -- The global Medical Equipment Financing Market was valued at USD 161.89 Billion in 2022 and is projected to reach USD 277.89 Billion by 2030, growing at a CAGR of 6.99% from 2023 to 2030. Keeping up with the latest innovations in medical equipment is essential, but it may be costly. Due to this, many healthcare workers require finance to acquire the necessary equipment and supplies. A loan or lease for medical equipment provides these experts with the instruments necessary to attract new and returning patients. This enables people to earn additional income and increase their savings.

Request Sample Copy of the Report “Medical Equipment Financing Market - Global Industry Analysis, Size, Share, Growth Opportunities, Future Trends, Covid-19 Impact, SWOT Analysis, Competition, and Forecasts 2022 to 2030”, published by Contrive Datum Insights.

Due to the constant improvement of medical technology, it is now essential to choose the best medical equipment for superior health care. However, advanced diagnostic technologies are costly, making it difficult for doctors and hospitals to afford them. Low monthly payments and flexible loan formats are required to pay for medical equipment.

Medical Equipment Financing Market Recent Developments:

Medical Equipment Financing Market Segmentation Analysis:

The market for medical equipment was anticipated to be worth 48.3 billion dollars in 2021. In emerging nations, there is an increased demand for premium, high-quality, and cutting-edge healthcare facilities as a result of improved healthcare infrastructure and a burgeoning healthcare business. Due to the increased need for technologically advanced medical care, new and imaginative goods for providing these treatments and related services have been developed, all of which are relatively costly to acquire.
In 2021, the market for refurbished items reached its peak. Refurbished equipment is medical equipment that has been reconditioned or restored to a working condition without affecting its primary function or original specifications. This equipment is only utilized after a thorough cleaning, disinfection, and repair of worn or broken parts. Emerging nations have a strong demand for refurbished medical equipment due to their limited financial resources. In 2021, the market for refurbished items reached its peak.
The development of diagnostic instruments to facilitate the growth of diagnostic centers and laboratories. In 2021, the hospital and clinic industry maintained its market-leading position. This dominance is related to factors such as greater investment in infrastructure management and rising demand for surgical procedures at clinics and hospitals.

Regional Outlook:

North America has become the largest market for financing medical equipment. It was worth $45.93 billion in 2021. This is mostly because the financing rate for medical equipment is the best in the region. This region has become the most powerful in the world due to advances in medical devices and investments in medical infrastructure. Europe is in second place because more medical equipment funding is based on artificial intelligence and more money is being invested in healthcare infrastructure. Additionally, more clients have turned to the market for financing medical equipment as medical experts and personnel have gained greater knowledge about it.
The financial industry is expanding in Asia-Pacific, and more hospitals, cutting-edge labs, and diagnostic centers are being constructed in the region's developing nations, which is predicted to accelerate the region's economic growth. This market would also expand if the government allocated more funds to the healthcare industry. As an illustration, the Indian finance minister recently stated that $9.09 billion will be allocated to the healthcare sector in the country's 2020 budget.

Buy this Premium Research Report@
https://www.contrivedatuminsights.com/buy/248391/?Mode=TM

Scope of Report:

Report AttributesDetails
Growth Rate8.6% from 2023 to 2030
Market Size in 2022USD 161.89 Billion
Revenue Forecast by 2030USD 277.89 Billion
By EquipmentDiagnostics Equipment, Therapeutic Equipment, Patient Monitoring Equipment, Laboratory Equipment, Medical Furniture
By TypeNew Medical Equipment, Rental Equipment, Refurbished Equipment
By End UserHospitals, Clinics, Laboratories & Diagnostic Centers, Ambulatory Surgical Centers, Others
By CompaniesAvance Biosciences, Bio-Rad Laboratories, Inc., Fluidigm Corporation, JN medsys, Merck KGAA, Precigenome LLC, QIAGEN N.V, STILLA TECHNOLOGIES, sysmex corporation, Thermo Fisher Scientific, Inc., Formulatrix, Promega, and Others.
Base Year2022
Historical Year2017 to 2021
Forecast Year2023 to 2030

Market Drivers:

Improvements in endoscopic and laparoscopic surgery procedures at ASCs, which have led to an increase in outpatient visits, will contribute to the segment's growth in the near future. ASCs will also experience an increase in demand because they offer affordable treatment alternatives and employ competent medical personnel. ASCs also provide patients the option of same-day surgery, which saves both the patient and the surgeon time. Thus, the aforementioned elements promote segmental expansion.

Market Challenges:

As their economies expand, equipment finance firms continue to face numerous challenges. Even while banks have more resources and are seeking chances in the medical equipment market, the majority of businesses have grown more capital-conscious. It is more likely that hospitals, clinics, and diagnostic centers will spend money to maintain their existing equipment than to purchase new ones.

Market Opportunity:

The market for medical goods has expanded significantly. Rapid technical advancements and artificial intelligence technologies have maximized the capabilities of the medical industry. This is the primary factor that generates demand and attracts physicians and other medical professionals to the financing equipment industry. Because the equipment is pricey and high-tech, hospitals and diagnostic centers have decided to finance it.

Medical Equipment Financing Market Key Segments Covered:

Top Market Players:
Hero FinCorp, National Funding, Blue Bridge Financial, LLC, First American Equipment Finance, SMC Finance, Siemens Financial Services, Inc., SLR Healthcare ABL, TIAA Bank, JPMorgan Chase & Co., Macquarie Group Limited, Truist Bank, HDFC Bank, and Others.

By Equipment

By Type

By End User

Regions and Countries Covered

Check out more related studies published by Contrive Datum Insights:

Customization of the Report: The report can be customized as per client needs or requirements. For any queries, you can contact us at anna@contrivedatuminsights.com or +1 215-297-4078. Our sales executives will be happy to understand your needs and provide you with the most suitable reports.

About Us:
Contrive Datum Insights (CDI) is a global delivery partner of market intelligence and consulting services to officials in various sectors such as investment, information technology, telecommunication, consumer technology, and manufacturing. CDI assists investment communities, business executives, and IT professionals to undertake statistics-based accurate decisions on technology purchases and advance strong growth tactics to sustain market competitiveness. Comprising a team size of more than 100 analysts and cumulative market experience of more than 200 years, Contrive Datum Insights guarantees the delivery of industry knowledge combined with global and country-level expertise.

Social: Facebook / LinkedIn / Twitter

Contact Us:
Anna B. | Head Of Sales
Contrive Datum Insights
Phone: +
91 9834816757 | +1 2152974078
Email: 
anna@contrivedatuminsights.com