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Medical Equipment Financing Market trends
research and projections for 2019- 2026

• Medical equipment financing market has been
  experiencing exponential growth over the years
  due to the need to provide precise, reliable,
  safe and cost-effective services to patients.
  Medical equipment financing assists hospital
  administrators and practitioners to carry out
  cash flow to address possible equipment
  reimbursement. Equipment financing helps in the
  purchase of various medical devices instead of
  leasing them.
• Increasing incidences of chronic diseases such as
  cardiovascular diseases, tumors, and diabetes
  across the globe is propelling the demand for
  minimally invasive medical equipment that are
  reliable, fast and advanced. Moreover, constant
  upgradation in patient monitoring and diagnostic
  devices is driving the adoption of advanced
  medical devices in hospitals.

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• As per the U.S. Department of Health and Human
  Services, in 2019, close to 6 in 10 adults
  suffered from serious illnesses such as
  Alzheimer's, diabetes, cancer, kidney and lung
  disease in the U.S. Evident rise in the discovery
  of new diseases and viruses is facilitating RD
  in medical equipment to ensure targeted treatment
  for specific medical issues.
• Equipment financing companies are meanwhile
  entering into strategic partnerships and
  acquisitions with an aim to expand their business
  profits. For instance, TimePayment acquired
  LeaseQ Inc. in April 2019. The business
  transaction added significance to the strategic
  focus of TimePayment and provided vendor partners
  a faster funding option, differentiated product
  offerings, and enhanced services.
• Initiatives undertaken by governments across the
  globe to provide affordable, safe, reliable and
  innovative healthcare services to the citizens is
  a primary factor magnifying medical equipment
  financing industry outlook. The Affordable Care
  Act in the United States has imposed the pressure
  of reimbursements on hospitals, encouraging them
  to adopt novel technologies and operate
  efficiently along with achieving economies of
  scale.

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• Regional Analysis

• Additionally, the act is building competitive
  pressure among the medical facilities which leads
  to increased expenditure on advanced
  technologies. Hospitals these days are aiming at
  increasing their cash reserves in order to
  purchase needed medical devices and to address
  its necessary reimbursements.
• Ambulatory surgical centers are witnessing
  widespread popularity over the years owing to
  offered benefits such as personalized care,
  reduction in patient wait time and lowered cost
  of carrying out surgery. An increase in the
  number of ambulatory surgical centers creates the
  need for medical equipment required to carry out
  surgeries.

• Competitive Analysis

• Key players operating in the industry are First
  American Healthcare Finance, 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.,
  Truist Bank

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