Press Release

Medical Equipment Financing Market Global Industry Trends, Growth, Share, Size and 2026 Forecast Research Report

Medical Equipment Financing Market by Top Key Players are National Funding, First American Equipment Finance, HDFC Bank Ltd, Hero FinCorp, Blue Bridge Financial, LLC., TIAA Bank, SMC

Medical Equipment Financing MarketThe 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.

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

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. Some industries are struggling, and some are thriving. Overall, almost every sector is anticipated to be impacted by the pandemic.

We are making 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.

Click here to get the short-term and long-term impact of COVID-19 on this Market.

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List of Players Operating in this Market include:

  • National Funding
  • First American Equipment Finance
  • HDFC Bank Ltd
  • Hero FinCorp
  • Blue Bridge Financial, LLC.
  • TIAA Bank
  • SMC
  • Other Players

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.

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.

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Dale Martinez

Dale possesses an engineering degree in Electronics from the Georgia Institute of Technology. She is the sole contributor at the Healthcare IT column. Before opting to write, Dale worked at major firms such as Microsoft, Amazon, GE, Raytheon, and so on. She possesses vast knowledge about a variety of fields like IT, IoT, Telecommunications, Health Dialysis, photovoltaic, and many others. Dale is also a ballet dancer.

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