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Medical Equipment Financing Market 2020 Regional Growth Drivers, Opportunities, Trends, and Forecasts to 2026

Author : Ronak Bora | Published Date : 2020-09-07 

Medical Equipment Financing Market report offers in-depth analysis of the industry size, share, major segments, and different geographic regions, forecast for the next five years, key market players, and premium industry trends. It also focuses on the key drivers, restraints, opportunities and industry challenges.

Continuous upgradation and advancement of healthcare infrastructure will drive global medical equipment financing market outlook. Unlike equipment leasing, medical equipment financing aids with the complete acquisition of the equipment and devices. Also, financing provides tax benefits available as compared to the outright purchase of equipment.

Rising prevalence of chronic diseases has fueled the demand for advanced medical equipment across both developed and developing countries. Inflated cost of healthcare equipment along with technological advancements in the medical tools will complement financing businesses over the coming years. Global medical equipment financing market size is forecast to surpass USD 205 billion by 2026.

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The continuous upgradation as well as advancement in the diagnostic and patient monitoring devices has been compelling healthcare professionals to opt for up-to-date technology for patient care. This will positively impact medical equipment financing trends over the coming years.

New product development and deployment in healthcare facilities will expedites the growth of equipment financing in the medical industry. Moreover, the rising in number of infectious diseases along with non-affordability in the developing countries will substantially contribute towards the expansion of medical equipment financing industry size.

The Affordable Care Act or Patient Protection and Affordable Care Act, (enacted in 2010) had enforced reimbursement pressure on the hospitals, urging the healthcare businesses to look for new ways to operate efficiently across the United states.

The Act has intensified the competitive landscape in healthcare, which is leading to higher technology expenditures. Hospitals and other healthcare facilities are opting for financing options to maintain a cash reserve as a defense against the reimbursement schemes. This is aiding hospitals to sustain delivery of high quality care while keeping more cash on hand to address the possible reimbursements.

Growing prevalence of chronic diseases has prompted the development of advanced medical equipment for diagnosis and treatment. As per the U.S. Department of Health & Human Services, 6 in 10 adults in the United States suffered from chronic diseases in 2019, which included cancer, heart diseases, chronic lung diseases, diabetes, chronic kidney disease, Alzheimer, etc.

Rapidly growing geriatric population and increasing health consciousness across China will fuel the demand for medical equipment, which may subsequently bolster healthcare financing across the region. China medical equipment financing industry is estimated to showcase growth rate of more than 9.2% through 2026.

In addition, introduction of favorable policies by the regional governments suited for the development of medical equipment financing companies to cater to the growth in demand for medical equipment may complement domestic businesses.

Browse full table of contents (TOC) of this report @ https://www.gminsights.com/toc/detail/medical-equipment-financing-market

Partial Chapter of the Table of Content 

Chapter 3.    Medical Equipment Financing Industry Insights

3.1. Industry segmentation

3.2. Industry landscape, 2015 – 2026

3.3. Industry impact forces

3.3.1.    Growth drivers

3.3.1.1. Rising demand for medical equipment in developing countries

3.3.1.2. Inflated cost of healthcare equipment

3.3.1.3.    Technological advancements in developed nations

3.3.1.4. Building up cash reserves as a defence against the worst-case reimbursement scenarios

3.3.2.    Industry pitfalls & challenges

3.3.2.1. Risk of obsolescence unlike equipment leasing

3.3.2.2.    Lack of awareness in developing and underdeveloped regions

3.4. Growth potential analysis

3.4.1. By equipment

3.4.2.    By type

3.4.3.    By end-use

3.5. Financing vs Leasing scenario

3.6. Porter’s analysis

3.7. Competitive landscape, 2019

3.7.1. Company market share analysis, 2019

3.8. PESTEL analysis

Chapter 4.    Medical Equipment Financing Market, By Equipment

4.1. Key segment trends

4.2. Diagnostic equipment

4.2.1.    Market size, by region, 2015-2026 (USD Billion)

4.3. Therapeutic equipment

4.3.1. Market size, by region, 2015-2026 (USD Billion)

4.4. Patient monitoring equipment

4.4.1.    Market size, by region, 2015-2026 (USD Billion)

4.5. Laboratory equipment

4.5.1.    Market size, by region, 2015-2026 (USD Billion)

4.6. Medical furniture

4.6.1.    Market size, by region, 2015-2026 (USD Billion)

About Author

Ronak Bora

Ronak Bora

A graduate in Electronics Engineering, Ronak writes for fractovia and carries a rich experience in digital marketing, exploring how the online world works from a technical and marketing perspective. His other areas of interest include reading, music, and sport. [email protected] | https://twitter.com/RonakBora26

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