Latest Study explores the Medical Equipment Financing Market Witness Highest Growth in near future

Market Study Report, LLC, has added a detailed study on the Medical Equipment Financing Market which provides a brief summary of the growth trends influencing the market. The report also includes significant insights pertaining to the profitability graph, market share, regional proliferation and SWOT analysis of this business vertical. The report further illustrates the status of key players in the competitive setting of the Medical Equipment Financing Market, while expanding on their corporate strategies and product offerings.

Cancer incidence rates are estimated to increase by 62% between 2018 and 2040. In addition, rising prevalence of other choric health conditions such as cardiovascular disorders, neurological disorders, and gynecological complications has propelled the demand for efficient and accurate patient health monitoring technologies, which will complement medical equipment financing industry outlook.

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Global medical equipment financing market is poised to experience lucrative growth during the forecast timeframe. Growing inclination towards renting medical devices and equipment instead of purchasing has been a prominent trend among healthcare service providers in recent years.
On the basis of equipment, the industry is segmented into patient monitoring equipment, diagnostic equipment, laboratory equipment, therapeutic equipment, and medical furniture. Patient monitoring equipment accounts for more than 23% revenue share. This can be attributed to an increasing geriatric population and the subsequent rise in the occurrence of chronic diseases.

According to type, the market share is classified into new medical equipment, rental equipment, and refurbished equipment. Factors such as budget constraints of hospitals and growing risk of obsolescence is pushing healthcare organizations towards medical equipment rental. As opposed to purchasing, renting serves as a practical option for hospitals that do not have the cash readily available to buy large or costly equipment.

Renting medical devices and equipment offers a range of benefits. Firstly, it provides healthcare professional the option to try out newer technology before making a financial commitment. This allows healthcare provides to access latest technologies while saving considerable amount of money. In addition, maintenance expenses are covered since medical equipment renting companies are responsible for handling repairs and maintenance.

Based on end-use, medical equipment financing industry share is segmented into hospitals, clinics, ambulatory surgical centers (ASC), laboratories & diagnostic centers, and others. In 2019, clinics segment was valued at more than US$24.9 billion. This can be attributed to the rise in equipment financing for clinics furnishing and patient scales, among other applications.

Clinical furniture, in addition to advanced medical equipment, plays a critical role in the healthcare sector to not only help doctors and nurses work efficiently, but to make patients feel comfortable during their stay at the clinic. Clinics are heavily investing in high-quality furnishings to enhance patient care and improve safety for both patients and the staff, which will drive the market growth.

From a geographical perspective, Europe held more than 31% of medical equipment financing market share. However, the majority of medical equipment in use today needs to be replaced due to lack of efficiency. The presence of a regulatory framework and policies might impact medical equipment financing market trends in the region.

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Report Content

Chapter 1. Methodology

1.1. Methodology

1.2. Market definitions

1.3. Forecast parameters

1.4. Data sources

1.4.1. Secondary

1.4.1.1. Paid sources

1.4.1.2. Unpaid sources

1.4.2. Primary

Chapter 2. Executive Summary

2.1. Medical equipment financing industry 360 degree synopsis, 2015 - 2026

2.1.1. Business trends

2.1.2. Equipment trends

2.1.3. Type trends

2.1.4. End-use trends

2.1.5. Regional trends

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)

Chapter 5. Medical Equipment Financing Market, By Type

5.1. Key segment trends

5.2. New Medical Equipment

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

5.3. Rental Equipment

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

5.4. Refurbished Equipment

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

Chapter 6. Medical Equipment Financing Market, By End-use

6.1. Key segment trends

6.2. Hospitals

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

6.3. Clinics

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

6.3.2. Dermatology Clinics

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

6.3.3. Dental Clinics

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

6.3.4. Ophthalmology clinics

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

6.4. Ambulatory surgical centers

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

6.5. Laboratory and Diagnostic Centers

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

6.6. Others

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

Chapter 7. Medical Equipment Financing Market, By Region

Chapter 8. Company Profiles

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