The global medical equipment financing market is anticipated to grow at a CAGR of around 6.8% during the forecast period 2020 to 2027 and to reach around US$ 219.4 Bn by 2027.
Market Dynamics
Increasing prevalence of chronic diseases across the globe, rapid technological advancements in medical equipments and devices, coupled with rising demand for advanced diagnostic equipment and therapeutic equipment are major factors expected to drive the growth of global market. In addition, high investment by major players for R&D activities, along with introduction of innovative solution is another important factor expected to further support the growth of target market.
- In 2020, Wells Fargo launched a vendor financing relationship with Siemens Healthineers, providing competitive, comprehensive financing options for hospitals and health systems across the U.S. This will help the company to strengthen its position in US market.
Major players focused on increasing business presence through strategic merger and acquisition this is expected to help the company to strengthen its position in the target market and increase the customer base this is another factor expected to augment the growth of target market.
- In 2019, TimePayment acquired LeaseQ Inc., a provider of online equipment financing platform. This acquisition will help the company to enhance the customer base and increase the product portfolio.
- In 2018, National Funding acquired QuickBridge a leading alternative financial services firm offering working capital to small businesses (SMB). This acquisition will help the company to strengthen its position in the target market and enhance the profit ratio.
Rising pandemic effect of COVID-19 across the globe, increasing R&D activities for development of vaccines is another factor expected to impact the growth of target market positively. Equipment financing companies play a major role in financing the equipments setting up a advanced facility in short period requires strong financial stability.
However, factors such as adoption of refurbished products and availability of rental option are expected to hamper the growth of global medical equipment financing market. In addition, lack of awareness among consumers in developing countries is another factor expected to further challenge the growth of target market.
High investment by major players in healthcare sector along with development of advanced equipments powered with AI are factors expected to create new opportunities for players operating in the target market over the forecast period. In addition, strategic partnership and agreements between regional and international players is another factor expected to revenue support the target market growth.
Medical Equipment Financing Market Segment Analysis, 2019
The global medical equipment financing market is segmented into equipment, type and end use. The equipment segment is further bifurcated into diagnostic equipment, therapeutic equipment, patient monitoring equipment, laboratory equipment, and medical furniture. Among End use the hospital segment is expected to account for significant revenue share in the global market. The type segment of the global market is further divided into new medical equipment, rental equipment, and refurbished equipment.
Segment Analysis by Region
The market in North America is expected to account for significant revenue share owing to high government spending on development of healthcare infrastructure. In addition, presence of major players operating in the country along with introduction of innovative product solutions is another factor expected to further support the growth of target market.
Asia Pacific is expected to witness faster growth in the near future owing to high government expenditure on healthcare sector. In addition, major players inclination towards developing countries due to easy availability of raw material and low cost labor is another factor expected to further support the growth of target market.
Competitive Landscape
The global market is high highly competitive due to presence of large number of players and innovative product offerings. In addition, business expansion activities through partnerships and agreements are factors expected to further increase the competition.
Report coverage
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Market
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Global Medical Equipment Financing Market
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Analysis Period
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2016 – 2027
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Base Year
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2019
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Forecast Data
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2020 – 2027
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Market Stratification
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Equipment, Type, End Use and Geography
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Regional Scope
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North America, Europe, Asia Pacific, Latin America, and Middle East & Africa
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Report Coverage
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Market Trends, Drivers, Restraints, Competitive Analysis, Player Profiling, Regulation Analysis
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The market research study on “Medical Equipment Financing Market (Equipment: Diagnostic Equipment, Therapeutic Equipment, Patient Monitoring Equipment, Laboratory Equipment, and Medical Furniture; Type: New Medical Equipment, Rental Equipment, and Refurbished Equipment; End Use: Hospitals, Clinics, Laboratories and Diagnostic Centers, and Ambulatory Surgical Centers (ASCs)) – Global Industry Analysis, Market Size, Opportunities and Forecast, 2020 - 2027”, offers a detailed insights on the global medical equipment financing market entailing insights on its different market segments. Market dynamics with drivers, restraints and opportunities with their impact are provided in the report. The report provides insights on global medical equipment financing market segment by equipment, type, end use and major geographic regions. The report covers basic development policies and layouts of technology development processes. Secondly, the report covers global medical equipment financing market size and segment markets by equipment, type, end use and geography along with the information on companies operating in the market. The medical equipment financing market analysis is provided for major regional market including North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. For each region, the market size for different segments has been covered under the scope of report. The players profiled in the report National Funding, CMS Funding, Toronto-Dominion Bank, TIAA Bank, HDFC Bank, Bajaj Finserv, Amur equipment Finance, Société Générale S.A., Macquarie Group Limited, JPMorgan Chase & Co., SMC Finance, Kabbage Inc., First American Healthcare Finance, Truist Bank.
Market Segmentation
Market By Product
- Diagnostic Equipment
- Therapeutic Equipment
- Patient Monitoring Equipment
- Laboratory Equipment
- Medical Furniture
Market By Installation Type
- New Medical Equipment
- Rental Equipment
- Refurbished Equipment
Market By End Use
- Hospitals
- Clinics
- Laboratories and Diagnostic Centers
- Ambulatory Surgical Centers (ASCs)
Market By Region
North America
Europe
- UK
- Germany
- France
- Spain
- Rest of Europe
Asia Pacific
- China
- Japan
- India
- Australia
- South Korea
- Rest of Asia Pacific
Latin America
- Brazil
- Mexico
- Rest if Latin America
Middle East & Africa
- GCC
- South Africa
- Rest of Meddle East & Africa
Table Of Content:
CHAPTER 1. INDUSTRY OVERVIEW
1.1. Definition and Scope
1.1.1. Definition of Medical Equipment Financing
1.1.2. Market Segmentation
1.1.3. List of Abbreviations
1.2. Summary
1.2.1. Market Snapshot
1.2.2. Medical Equipment Financing Market By Product
1.2.2.1. Global Medical Equipment Financing Market Revenue and Growth Rate Comparison By Product(2020-2027)
1.2.2.2. Global Medical Equipment Financing Market Revenue Share By Product in 2019
1.2.2.3. Diagnostic Equipment
1.2.2.4. Therapeutic Equipment
1.2.2.5. Patient Monitoring Equipment
1.2.2.6. Laboratory Equipment
1.2.2.7. Medical Furniture
1.2.3. Medical Equipment Financing Market By Installation Type
1.2.3.1. Global Medical Equipment Financing Market Revenue and Growth Rate Comparison By Installation Type (2020-2027)
1.2.3.2. Global Medical Equipment Financing Market Revenue Share By Installation Type in 2019
1.2.3.2.1. New Medical Equipment
1.2.3.2.2. Rental Equipment
1.2.3.2.3. Refurbished Equipment
1.2.4. Medical Equipment Financing Market By End Use
1.2.4.1. Global Medical Equipment Financing Market Revenue and Growth Rate Comparison By End Use(2020-2027)
1.2.4.2. Global Medical Equipment Financing Market Revenue Share By End Use in 2019
1.2.4.2.1. Hospitals
1.2.4.2.2. Clinics
1.2.4.2.3. Laboratories and Diagnostic Centers
1.2.4.2.4. Ambulatory Surgical Centers (ASCs)
1.2.5. Medical Equipment Financing Market By Geography
1.2.5.1. Global Medical Equipment Financing Market Revenue and Growth Rate Comparison by Geography (2020-2027)
1.2.5.2. North America Medical Equipment Financing Market Revenue and Growth Rate(2020-2027)
1.2.5.3. Europe Medical Equipment Financing Market Revenue and Growth Rate(2020-2027)
1.2.5.4. Asia-Pacific Medical Equipment Financing Market Revenue and Growth Rate(2020-2027)
1.2.5.5. Latin America Medical Equipment Financing Market Revenue and Growth Rate(2020-2027)
1.2.5.6. Middle East and Africa (MEA) Medical Equipment Financing Market Revenue and Growth Rate(2020-2027)
CHAPTER 2. MARKET DYNAMICS AND COMPETITION ANALYSIS
2.1. Market Drivers
2.2. Restraints and Challenges
2.3. Growth Opportunities
2.4. Porter’s Five Forces Analysis
2.4.1. Bargaining Power of Suppliers
2.4.2. Bargaining Power of Buyers
2.4.3. Threat of Substitute
2.4.4. Threat of New Entrants
2.4.5. Degree of Competition
2.5. Value Chain Analysis
2.6. Cost Structure Analysis
2.6.1. Raw Material and Suppliers
2.6.2. Manufacturing Process Analysis
2.7. Regulatory Compliance
2.8. Competitive Landscape, 2019
2.8.1. Player Positioning Analysis
2.8.2. Key Strategies Adopted By Leading Players
CHAPTER 3. MANUFACTURING Medical Equipment Financing ANALYSIS
3.1. Capacity and Commercial Production Date of Global Medical Equipment Financing Major Manufacturers in 2019
3.2. Manufacturing Plants Distribution of Global Medical Equipment Financing Major Manufacturers in 2019
3.3. R&D Status and Manufacturing End-User of Global Medical Equipment Financing Major Manufacturers in 2019
3.4. Raw Materials End-Users Analysis of Global Medical Equipment Financing Major Manufacturers in 2019
CHAPTER 4. Medical Equipment Financing MARKET By Product
4.1. Global Medical Equipment Financing Revenue By Product
4.2. Diagnostic Equipment
4.2.1. Market Revenue and Growth Rate, 2020 - 2027 ($Million)
4.2.2. Market Revenue and Forecast, By Region, 2020 - 2027 ($Million)
4.3. Therapeutic Equipment
4.3.1. Market Revenue and Growth Rate, 2020 - 2027 ($Million)
4.3.2. Market Revenue and Forecast, By Region, 2020 - 2027 ($Million)
4.4. Patient Monitoring Equipment
4.4.1. Market Revenue and Growth Rate, 2020 - 2027 ($Million)
4.4.2. Market Revenue and Forecast, By Region, 2020 - 2027 ($Million)
4.5. Laboratory Equipment
4.5.1. Market Revenue and Growth Rate, 2020 - 2027 ($Million)
4.5.2. Market Revenue and Forecast, By Region, 2020 - 2027 ($Million)
4.6. Medical Furniture
4.6.1. Market Revenue and Growth Rate, 2020 - 2027 ($Million)
4.6.2. Market Revenue and Forecast, By Region, 2020 - 2027 ($Million)
CHAPTER 5. Medical Equipment Financing MARKET By Installation Type
5.1. Global Medical Equipment Financing Revenue By Installation Type
5.2. New Medical Equipment
5.2.1. Market Revenue and Growth Rate, 2020 - 2027 ($Million)
5.2.2. Market Revenue and Forecast, By Region, 2020 - 2027 ($Million)
5.3. Rental Equipment
5.3.1. Market Revenue and Growth Rate, 2020 - 2027 ($Million)
5.3.2. Market Revenue and Forecast, By Region, 2020 - 2027 ($Million)
5.4. Refurbished Equipment
5.4.1. Market Revenue and Growth Rate, 2020 - 2027 ($Million)
5.4.2. Market Revenue and Forecast, By Region, 2020 - 2027 ($Million)
CHAPTER 6. Medical Equipment Financing MARKET By End Use
6.1. Global Medical Equipment Financing Revenue By End Use
6.2. Hospitals
6.2.1. Market Revenue and Growth Rate, 2020 - 2027 ($Million)
6.2.2. Market Revenue and Forecast, By Region, 2020 - 2027 ($Million)
6.3. Clinics
6.3.1. Market Revenue and Growth Rate, 2020 - 2027 ($Million)
6.3.2. Market Revenue and Forecast, By Region, 2020 - 2027 ($Million)
6.4. Laboratories and Diagnostic Centers
6.4.1. Market Revenue and Growth Rate, 2020 - 2027 ($Million)
6.4.2. Market Revenue and Forecast, By Region, 2020 - 2027 ($Million)
6.5. Ambulatory Surgical Centers (ASCs)
6.5.1. Market Revenue and Growth Rate, 2020 - 2027 ($Million)
6.5.2. Market Revenue and Forecast, By Region, 2020 - 2027 ($Million)
CHAPTER 7. NORTH AMERICA Medical Equipment Financing MARKET BY COUNTRY
7.1. North America Medical Equipment Financing Market Revenue and Growth Rate, 2020 - 2027 ($Million)
7.2. North America Medical Equipment Financing Market Revenue Share Comparison, 2020 & 2027 (%)
7.3. U.S.
7.3.1. U.S. Medical Equipment Financing Market Revenue and Forecast By Product, 2020 - 2027 ($Million)
7.3.2. Market Revenue and Forecast By Installation Type, 2020 - 2027 ($Million)
7.3.3. Market Revenue and Forecast By End Use, 2020 - 2027 ($Million)
7.4. Canada
7.4.1. Market Revenue and Forecast By Product, 2020 - 2027 ($Million)
7.4.2. Market Revenue and Forecast By Installation Type, 2020 - 2027 ($Million)
7.4.3. Market Revenue and Forecast By End Use, 2020 - 2027 ($Million)
CHAPTER 8. EUROPE SMART REFRIGERATOR MARKET BY COUNTRY
8.1. Europe Medical Equipment Financing Market Revenue and Growth Rate, 2020 - 2027 ($Million)
8.2. Europe Medical Equipment Financing Market Revenue Share Comparison, 2020 & 2027 (%)
8.3. UK
8.3.1. Market Revenue and Forecast By Product, 2020 - 2027 ($Million)
8.3.2. Market Revenue and Forecast By Installation Type, 2020 - 2027 ($Million)
8.3.3. Market Revenue and Forecast By End Use, 2020 - 2027 ($Million)
8.4. Germany
8.4.1. Market Revenue and Forecast By Product, 2020 - 2027 ($Million)
8.4.2. Market Revenue and Forecast By Installation Type, 2020 - 2027 ($Million)
8.4.3. Market Revenue and Forecast By End Use, 2020 - 2027 ($Million)
8.5. France
8.5.1. Market Revenue and Forecast By Product, 2020 - 2027 ($Million)
8.5.2. Market Revenue and Forecast By Installation Type, 2020 - 2027 ($Million)
8.5.3. Market Revenue and Forecast By End Use, 2020 - 2027 ($Million)
8.6. Spain
8.6.1. Market Revenue and Forecast By Product, 2020 - 2027 ($Million)
8.6.2. Market Revenue and Forecast By Installation Type, 2020 - 2027 ($Million)
8.6.3. Market Revenue and Forecast By End Use, 2020 - 2027 ($Million)
8.7. Rest of Europe
8.7.1. Market Revenue and Forecast By Product, 2020 - 2027 ($Million)
8.7.2. Market Revenue and Forecast By Installation Type, 2020 - 2027 ($Million)
8.7.3. Market Revenue and Forecast By End Use, 2020 - 2027 ($Million)
CHAPTER 9. ASIA-PACIFIC Medical Equipment Financing MARKET BY COUNTRY
9.1. Asia-Pacific Medical Equipment Financing Market Revenue and Growth Rate, 2020 - 2027 ($Million)
9.2. Asia-Pacific Medical Equipment Financing Market Revenue Share Comparison, 2020 & 2027 (%)
9.3. China
9.3.1. Market Revenue and Forecast By Product, 2020 - 2027 ($Million)
9.3.2. Market Revenue and Forecast By Installation Type, 2020 - 2027 ($Million)
9.3.3. Market Revenue and Forecast By End Use, 2020 - 2027 ($Million)
9.4. Japan
9.4.1. Market Revenue and Forecast By Product, 2020 - 2027 ($Million)
9.4.2. Market Revenue and Forecast By Installation Type, 2020 - 2027 ($Million)
9.4.3. Market Revenue and Forecast By End Use, 2020 - 2027 ($Million)
9.5. India
9.5.1. Market Revenue and Forecast By Product, 2020 - 2027 ($Million)
9.5.2. Market Revenue and Forecast By Installation Type, 2020 - 2027 ($Million)
9.5.3. Market Revenue and Forecast By End Use, 2020 - 2027 ($Million)
9.6. Australia
9.6.1. Market Revenue and Forecast By Product, 2020 - 2027 ($Million)
9.6.2. Market Revenue and Forecast By Installation Type, 2020 - 2027 ($Million)
9.6.3. Market Revenue and Forecast By End Use, 2020 - 2027 ($Million)
9.7. South Korea
9.7.1. Market Revenue and Forecast By Product, 2020 - 2027 ($Million)
9.7.2. Market Revenue and Forecast By Installation Type, 2020 - 2027 ($Million)
9.7.3. Market Revenue and Forecast By End Use, 2020 - 2027 ($Million)
9.8. Rest of Asia-Pacific
9.8.1. Market Revenue and Forecast By Product, 2020 - 2027 ($Million)
9.8.2. Market Revenue and Forecast By Installation Type, 2020 - 2027 ($Million)
9.8.3. Market Revenue and Forecast By End Use, 2020 - 2027 ($Million)
CHAPTER 10. LATIN AMERICA Medical Equipment Financing MARKET BY COUNTRY
10.1. Latin America Medical Equipment Financing Market Revenue and Growth Rate, 2020 - 2027 ($Million)
10.2. Latin America Medical Equipment Financing Market Revenue Share Comparison, 2020 & 2027 (%)
10.3. Brazil
10.3.1. Market Revenue and Forecast By Product, 2020 - 2027 ($Million)
10.3.2. Market Revenue and Forecast By Installation Type, 2020 - 2027 ($Million)
10.3.3. Market Revenue and Forecast By End Use, 2020 - 2027 ($Million)
10.4. Mexico
10.4.1. Market Revenue and Forecast By Product, 2020 - 2027 ($Million)
10.4.2. Market Revenue and Forecast By Installation Type, 2020 - 2027 ($Million)
10.4.3. Market Revenue and Forecast By End Use, 2020 - 2027 ($Million)
10.5. Rest of Latin America
10.5.1. Market Revenue and Forecast By Product, 2020 - 2027 ($Million)
10.5.2. Market Revenue and Forecast By Installation Type, 2020 - 2027 ($Million)
10.5.3. Market Revenue and Forecast By End Use, 2020 - 2027 ($Million)
CHAPTER 11. MIDDLE EAST & AFRICA Medical Equipment Financing MARKET BY COUNTRY
11.1. Middle East & Africa Medical Equipment Financing Market Revenue and Growth Rate, 2020 - 2027 ($Million)
11.2. Middle East & Africa Medical Equipment Financing Market Revenue Share Comparison, 2020 & 2027 (%)
11.3. GCC
11.3.1. Market Revenue and Forecast By Product, 2020 - 2027 ($Million)
11.3.2. Market Revenue and Forecast By Installation Type, 2020 - 2027 ($Million)
11.3.3. Market Revenue and Forecast By End Use, 2020 - 2027 ($Million)
11.4. South Africa
11.4.1. Market Revenue and Forecast By Product, 2020 - 2027 ($Million)
11.4.2. Market Revenue and Forecast By Installation Type, 2020 - 2027 ($Million)
11.4.3. Market Revenue and Forecast By End Use, 2020 - 2027 ($Million)
11.5. Rest of Middle East & Africa
11.5.1. Market Revenue and Forecast By Product, 2020 - 2027 ($Million)
11.5.2. Market Revenue and Forecast By Installation Type, 2020 - 2027 ($Million)
11.5.3. Market Revenue and Forecast By End Use, 2020 - 2027 ($Million)
CHAPTER 12. COMPANY PROFILE
12.1. National Funding
12.1.1. Company Snapshot
12.1.2. Overview
12.1.3. Financial Overview
12.1.4. Product Portfolio
12.1.5. Key Developments
12.1.6. Strategies
12.2. CMS Funding
12.2.1. Company Snapshot
12.2.2. Overview
12.2.3. Financial Overview
12.2.4. Product Portfolio
12.2.5. Key Developments
12.2.6. Strategies
12.3. Toronto-Dominion Bank
12.3.1. Company Snapshot
12.3.2. Overview
12.3.3. Financial Overview
12.3.4. Product Portfolio
12.3.5. Key Developments
12.3.6. Strategies
12.4. TIAA Bank
12.4.1. Company Snapshot
12.4.2. Overview
12.4.3. Financial Overview
12.4.4. Product Portfolio
12.4.5. Key Developments
12.4.6. Strategies
12.5. HDFC Bank
12.5.1. Company Snapshot
12.5.2. Overview
12.5.3. Financial Overview
12.5.4. Product Portfolio
12.5.5. Key Developments
12.5.6. Strategies
12.6. Bajaj Finserv
12.6.1. Company Snapshot
12.6.2. Overview
12.6.3. Financial Overview
12.6.4. Product Portfolio
12.6.5. Key Developments
12.6.6. StrategiesTorpedo Inc.
12.7. Amur equipment Finance
12.7.1. Company Snapshot
12.7.2. Overview
12.7.3. Financial Overview
12.7.4. Product Portfolio
12.7.5. Key Developments
12.7.6. Strategies
12.8. Société Générale S.A.
12.8.1. Company Snapshot
12.8.2. Overview
12.8.3. Financial Overview
12.8.4. Product Portfolio
12.8.5. Key Developments
12.8.6. Strategies
12.9. Macquarie Group Limited
12.9.1. Company Snapshot
12.9.2. Overview
12.9.3. Financial Overview
12.9.4. Product Portfolio
12.9.5. Key Developments
12.9.6. Strategies
12.10. Others
12.10.1. Company Snapshot
12.10.2. Overview
12.10.3. Financial Overview
12.10.4. Product Portfolio
12.10.5. Key Developments
12.10.6. Strategies
CHAPTER 13. RESEARCH APPROACH
13.1. Research Methodology
13.1.1. Initial Data Search
13.1.2. Secondary Research
13.1.3. Primary Research
13.2. Assumptions and Scope
