Medical Equipment Financing Market

1. Analysis of Medical Equipment Financing Market Size by Research Nester Reveals the Market to Grow with a CAGR of ~8% During 2023-2033 and Attain ~USD 275,000 Million by 2033 Research Nester’s recent market research analysis on “Medical Equipment Financing Market: Global Demand Analysis & Opportunity Outlook 2033” delivers a detailed competitors analysis and a detailed overview of the global medical equipment financing market in terms of market segmentation by type, equipment, end-user and by region. Pandemic-Related Rise in Medical Equipment Use in Developing Economies to Promote Global Market Share of Medical Equipment Financing The global medical equipment financing market is estimated to grow majorly on account of the growing use of medical equipment across developing economies as a result of the pandemic. As of 2020, there were nearly 70,000 ventilators in the United States, but as the pandemic reached its peak, hospital demands required an additional 45,000 ventilators to meet the demand for ventilators. The increasing demand for medical equipment and the need to upgrade existing equipment with the latest technologies has driven the growth of the medical equipment financing market. This has been further fueled by the increasing prevalence of chronic diseases and the need for advanced medical treatments and technologies. Some of the major growth factors and challenges that are associated with the growth of the global medical equipment financing market are: Growth Drivers:

2. •Growing awareness of the benefits of financing medical equipment •A rise in the number of government approvals for new medical devices over the past few years Challenges: The high cost of medical equipment and the lack of funding, especially in certain regions, is expected to be major obstacle to the growth of the medical equipment financing market. The high cost of medical equipment has made it difficult for hospitals and other healthcare facilities to purchase the necessary equipment. Additionally, stringent regulatory requirements, coupled with the long period needed to obtain approval for medical equipment financing, are expected to limit the market’s growth. Access our detailed report at @ https://www.researchnester.com/reports/medical- equipment-financing-market/4563 By equipment, the global medical equipment financing market is segmented into diagnostics equipment, patient monitoring equipment, therapeutic equipment, laboratory equipment, and medical furniture. The diagnostics equipment segment is to garner the highest revenue by the end of 2033 by growing at a significant CAGR over the forecast period. Growing demand for advanced diagnostics equipment such as tomography scans, x-rays, magnetic resonance imaging, ultrasound, and others from the healthcare sector, an increase in the number of diagnostic centers, and a rise in the number of government initiatives for the development of diagnostic services are some of the factors driving the growth of the segment. By World Health Organization estimates, 3.6 billion diagnostic procedures are performed worldwide annually, including X-rays.

3. By region, the North American medical equipment financing market is expected to generate the highest revenue by the end of 2033. This growth is anticipated by the steadily increasing number of medical beds in the region’s hospitals along with the increasing number of large-scale medical and healthcare facilities. The Center for Medicare and Medicaid Services estimates that the national health expenditures of the United States amounted to USD 4.1 trillion in 2020, representing approximately 19.7% of the national gross domestic product. Also, a total of 800,000 beds were available in community hospitals in 2019, including nearly 60,000 intensive care beds. Moreover, the rising investments in healthcare infrastructure and the increasing demand for quality healthcare services are expected to further boost the market growth in the North American region. Consult our expert analysts at: info@researchnester.com or contact us at: https://www.researchnester.com/contact for any customized report. This report also provides the existing competitive scenario of some of the key players of TD Bank, N.A., Bajaj Finance Limited, CMS Funding, First American Equipment Finance, HDFC Bank Ltd., JPMorgan Chase & Co., National Funding, Inc., TIAA Bank, Wells Fargo & Company, Macquarie Group Limited. Request Report Sample@ https://www.researchnester.com/sample-request-4563 Research Nester is a leading service provider for strategic market research and consulting. We aim to provide unbiased, unparalleled market insights and industry analysis to help industries, conglomerates, and executives to take wise decisions for their future marketing strategy, expansion, investment, etc. We believe every business can expand to its new horizon,

4. provided the right guidance at the right time is available through strategic minds. Our out of box thinking helps our clients to take wise decisions to avoid future uncertainties. Contact for more Info: AJ Daniel Email: info@researchnester.com U.S. Phone: +1 646 586 9123 U.K. Phone: +44 203 608 5919