Medical Equipment Financing Market Healthcare Market Projection By Technology, Major key players, Growth, Revenue, CAGR, Regional Analysis Industry Forecast 2021 To 2027 is latest report published on “Global Medical Equipment Financing Market Healthcare Market” by Fortune Business Insights. The global Medical Equipment Financing market size was USD 102.30 billion in 2019. The global impact of COVID-19 pandemic has been unprecedented and staggering, with Medical Equipment Financing witnessing a positive demand across all regions amid the pandemic. Based on our analysis, the global Medical Equipment Financing market size is projected to reach USD 210.46 billion by the end of 2027. The increasing IT sector and rapid industrialization across the globe will emerge in favor of market growth.
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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.
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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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.The report covers:Global Medical Equipment Financing Market trends, with detailed analysis on consumer trends & manufacturer trends.Overview on supply analysis covering trends across raw material suppliers, technology providers and distributors.Key areas of investments identifying market opportunities and challenges in forecast timeframe.Competitive analysis of the industry players along with the overview on strategic management.Comprehensive company profiles of the major industry players.Request a Sample Copy of the Research Report: https://www.fortunebusinessinsights.com/enquiry/request-sample-pdf/medical-equipment-financing-market-102731Leading Players operating in the Medical Equipment Financing Market are:Key players are involved in mergers and acquisition to strengthen their market position.
Owing to increasing competition frequent innovations are taking place in the market.
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.
We understand that this health crisis has brought an unprecedented impact on businesses across industries.
Rising support from governments and several companies can help in the fight against this highly contagious disease.
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.
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.
Furthermore, the report is available for sale on the company website.Regional Segmentation:North America will Dominate Market with Continuous Investment in Medical EquipmentGeographically, North America held the dominant medical equipment financing market share with a revenue of USD 45.93 billion generated in 2019.
