Medical Equipment Financing Market to Reach USD 210.46 Billion by 2027; on Account of Advent of Artificial Intelligence into Medical Sector: Fortune Business Insights™

Medical Equipment Financing Market to Reach USD 210.46 Billion by 2027; on Account of Advent of Artificial Intelligence into Medical Sector: Fortune Business Insights™

PR Newswire

PUNE, India, May 11, 2020

- Key Companies Profiled are National Funding, First American Equipment Finance, HDFC Bank Ltd, Hero FinCorp, Blue Bridge Financial, LLC., TIAA Bank, SMC and other key market players

PUNE, India, May 11, 2020 /PRNewswire/ -- 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.

Medical Equipment Financing Market Analysis, Insights and Forecast, 2016-2027

Request a Sample Copy of the Research Report: https://www.fortunebusinessinsights.com/
enquiry/sample/medical-equipment-financing-market-102731

What are the Objectives of the Report?

The report is based on an in-depth analysis of the market and focusses on major drivers, restraints, challenges, and upcoming opportunities. It also throws light on the competitive landscape of the market, list of players operating in the market, and the key strategies adopted by them to earn a competitive edge in the market. The report further discusses major industry development, current medical equipment financing market trends, and other interesting insights into the market. Furthermore, the report is available for sale on the company website.

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.

An Overview of the Impact of COVID-19 on this Market:

The emergence of COVID-19 has brought the world to a standstill. We understand that this health crisis has brought an unprecedented impact on businesses across industries. However, this too shall pass. Rising support from governments and several companies can help in the fight against this highly contagious disease. There are some industries that are struggling and some are thriving. Overall, almost every sector is anticipated to be impacted by the pandemic.

We are taking continuous efforts to help your business sustain and grow during COVID-19 pandemics. Based on our experience and expertise, we will offer you an impact analysis of coronavirus outbreak across industries to help you prepare for the future.

To get the short-term and long-term impact of COVID-19 on this Market.

Please visit: https://www.fortunebusinessinsights.com/medical-equipment-financing-market-102731

On the contrary, factors such as high expenditure for maintaining hospital equipment may cause a decline in the medical equipment financing market as investors may be more inclined on maintaining the already bought equipment rather than investing in a new one. This may pose a major challenge to the overall market. Furthermore, the current pandemic of COVID-19 has had a major impact all over the world resulting in a lack of medical equipment and hospital staff altogether.

Nevertheless, funds raised for ailing to the patients fighting the coronavirus may pose a major help to the world and add a boost to the market as well. This, coupled with the advent of artificial intelligence into the medical sector and the help provided by robot assistants in medical diagnostic procedures are likely to create lucrative growth opportunities for the market in the coming years.

Regional Segmentation:

North America will Dominate Market with Continuous Investment in Medical Equipment

Geographically, North America held the dominant medical equipment financing market share with a revenue of USD 45.93 billion generated in 2019. This is owing to the highest finance rate for medical equipment in the region, coupled with continuous investments in medical equipment and infrastructures in the region. Europe ranks second in the market on account of the increasing adoption of artificial intelligence technology-based medical equipment financing and developing healthcare infrastructure investments.

Asia Pacific is likely to register steady growth in the forecast period on account of emerging finance industries, developing healthcare infrastructure, and medical facilities in the region especially in the emerging nations. Furthermore, the market in Latin America and the Middle East and Africa will witness stable growth on account of lack of awareness and poor understanding of financing guidelines among the population.

Quick Buy - Medical Equipment Financing Market Research Report: https://www.fortunebusinessinsights.com/checkout-page/102731

Competitive Landscape:

String Portfolio helped National Funding and Hero FinCorp Cover Dominant Shares

The global medical equipment financing market witnesses the presence of multiple vendors which further intensifies the market competition. However, companies such as Hero FinCorp, and National Funding have established a leading position owing to their affordable financial solutions, acquisition policies, and excellent customer-provider relationships. Apart from this, these players have a well-established portfolio and offer low monthly installments and varied loan options to medical practitioners. Other players are engaging in collaborative efforts such as contracts and agreements, joint ventures, and others to attract high medical equipment financing market revenue in the coming years.

List of the Key Companies Operating in the Medical Equipment Financing Market are:

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.

Have Any Query? Ask Our Experts: https://www.fortunebusinessinsights.com/enquiry/speak-to-analyst/medical-equipment-financing-market-102731

Detailed Table of Content:

1.  Introduction

1.1.  Market Scope

1.2.  Market Segmentation

1.3.  Market Methodology

1.4.  Definitions and Assumptions

2.  Executive Summary

3.  Market Dynamics

3.1.  Market Drivers

3.2.  Market Restraints

3.3.  Market Opportunities

4.  Key Insights

4.1.  Overview: Trends in Medical Equipment Finance Market

4.2.  Snapshot of Equipment Finance Industry

4.3.  New Product Launch of Medical Equipments

4.4.  Key Industry Developments - Mergers, Acquisitions, and Partnerships

5.  Global Medical Equipment Financing Market Analysis, Insights and Forecast, 2016-2027

5.1.  Key Findings / Summary

5.2.  Market Analysis, Insights and Forecast By Device Type

5.2.1. Diagnostic Equipment

5.2.2. Therapeutic Equipment

5.2.3. Patient-monitoring Equipment

5.2.4. Others

5.3.  Market Analysis, Insights and Forecast By End User

5.3.1. Hospitals & Clinics

5.3.2. Laboratories & Diagnostic Centers

5.3.3. Others

5.4.  Market Analysis, Insights and Forecast By Geography

5.4.1. North America

5.4.2. Europe

5.4.3. Asia Pacific

5.4.4. Latin America

5.4.5. Middle East & Africa

TOC Continued….!

Request for Customization:   https://www.fortunebusinessinsights.com/enquiry/customization/medical-equipment-financing-market-102731

Have a Look at Related Reports:

Impact of COVID-19 on the Medical Devices Market Size, Share, Industry Analysis and Regional Forecast, 2020-2027

Personal Protective Equipment (PPE) Market Size, Share & Industry Analysis by Product (Head Protection, Eye & Face Protection, Hearing Protection, Protective Clothing, Respiratory Protection, Fall Protection Protective Footwear, Hand Protection, and Others), By Application (Construction, Manufacturing, Oil & Gas, Chemical, Food, Pharmaceutical, Transportation, and Others) and Regional Forecast, 2019-2026

Medical Mask Market Size, Share & Industry Analysis, By Type (Surgical Mask, Respirators, and Others), By Distribution Channel (Hospital Pharmacies, Retail Pharmacies, and Online Pharmacies), and Regional Forecast, 2020-2027

Medical Clothing Market Size, Share & Industry Analysis, By Product (Surgical Drapes, Scrubs and Gowns, Gloves, Facial Protection, Sterilization Wraps, Protective Apparels and Others), By Application (Hospitals & Physicians' Offices, Outpatient Facilities, and Others), and Regional Forecast, 2020-2027

Smart Inhalers Market Size, Share & Industry Analysis, By Product (Dry Powder Inhaler (DPI) – Based Inhalers and Metered Dose Inhaler (MDI) – Based Inhalers), By Disease Indication (Asthma, Chronic Obstructive Pulmonary Disease (COPD)), By Distribution Channel (Hospital Pharmacies, Retail Pharmacies, Online Channel) and Regional Forecast, 2020-2027

Hydroxychloroquine Market Size, Share & Industry Analysis, By Disease Indication (Malaria, COVID-19, Rheumatoid Arthritis, Others), By Distribution Channel (Hospital Pharmacy Retail Pharmacy, and Online Stores), and Regional Forecast, 2020-2027

Medical Adhesives Market Size, Share & Industry Analysis, By Type (Pressure sensitive adhesives, Dissolvable adhesives, Electrical conductive adhesives), By Resin (Natural adhesives, Synthetic adhesives), By Application (Needles & syringes, Catheters, Tubes & connectors, Reservoirs & enclosures, Blood filtration)Others and Regional Forecast, 2019-2026

Medical Aesthetics Market Size, Share and Global Trend By Product (Facial Aesthetic Products, Body Contouring Devices, Cosmetic Implants, Skin Aesthetic Devices, Physician-Dispensed Eyelash Products, Hair Removal Devices, Tattoo Removal Devices, Thread Lift Products, Nail Treatment Laser Devices), By End User (Hospitals, Specialty Clinics , Others), and Geography Forecast till 2026

About Us:

Fortune Business Insights™ offers expert corporate analysis and accurate data, helping organizations of all sizes make timely decisions. We tailor innovative solutions for our clients, assisting them to address challenges distinct to their businesses. Our goal is to empower our clients with holistic market intelligence, giving a granular overview of the market they are operating in.

Our reports contain a unique mix of tangible insights and qualitative analysis to help companies achieve sustainable growth. Our team of experienced analysts and consultants use industry-leading research tools and techniques to compile comprehensive market studies, interspersed with relevant data.

At Fortune Business Insights™ we aim at highlighting the most lucrative growth opportunities for our clients. We, therefore, offer recommendations, making it easier for them to navigate through technological and market-related changes. Our consulting services are designed to help organizations identify hidden opportunities and understand prevailing competitive challenges.

Contact Us:
Fortune Business Insights™ Pvt. Ltd.
308, Supreme Headquarters,
Survey No. 36, Baner,
Pune-Bangalore Highway,
Pune - 411045, Maharashtra, India.

Phone:
US :+1-424-253-0390
UK : +44-2071-939123
APAC : +91-744-740-1245
Email: sales@fortunebusinessinsights.com 
Fortune Business Insights™ 
LinkedIn | Twitter | Blogs  
Press Release: https://www.fortunebusinessinsights.com/press-release/medical-equipment-financing-market-9879

Photo: https://mma.prnewswire.com/media/1166281/Medical_Equipment_Financing_Market.jpg   
Logo: https://mma.prnewswire.com/media/881202/Fortune_Business_Insights_Logo.jpg 

Fortune Business Insights Logo
Voltar noticias em Inglês