According to the recent research report titled ‘Medical Equipment Financing Market Size By Equipment, By Type, By End-use , Industry Analysis Report, Regional Outlook, Application Potential, Competitive Market Share & Forecast, 2020 – 2026’, available with Market Study Report, global medical equipment financing market is anticipated to register robust growth during 2020-2026.
 

Increasing cash reserves as a protection against worst-case reimbursement scenarios, technological advancements, high cost of healthcare equipment, and surging demand for medical devices are the key factors driving the growth of global medical equipment financing market.
 

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However, lack of awareness in underdeveloped and developed regions, along with risk of obsolescence unlike equipment leasing are likely to negatively impact remuneration scale of global medical equipment financing industry.
 

Based on equipment terrain, patient monitoring segment holds 23% revenue share of global medical equipment financing market currently, attributable to growing elderly population and increasing instances of chronic diseases. As trusted sources, cancer cases are predicted to observe an increase of 62% between 2018 and 2040. Moreover, rising pervasiveness of other ailments like neurological diseases, cardiovascular diseases, and gynecological issues boost the demand for accurate and effective health monitoring technologies, thereby stimulating the market outlook.
 

Speaking of type, global medical equipment financing industry is split into refurbished equipment, rental equipment, and new medical equipment. The report cites that rental equipment segment is poised gain substantial traction in the upcoming years. Factors such as hospital budget limitations and rising risk of obsolescence are driving healthcare organizations into leasing medical equipment. Renting acts as a viable choice for hospitals that cannot afford to purchase massive or expensive equipment.
 

Moving on to end-use scope, clinics segment of global medical equipment financing market was worth USD 24.9 billion in 2019 and will grow further, owing to rising equipment financing for furnishing as well as patient scales in clinics. Not only advanced medical equipment, but clinical furniture also plays a vital role in the healthcare industry to help physicians and nurses’ work effectively as well as to make patients feel relaxed during their stay at the clinic.
 

From the regional perspective, Europe accounted for 31% share of global medical equipment financing industry in the past year. The presence of supportive regulatory framework and policies will positively sway the business dynamics in the region.
 

Leading organizations influencing global medical equipment financing market trends are Truist Financial Corp., Kabbage Inc., Amur Equipment Finance Inc., SMC Finance Ltd., JPMorgan Chase & Co., Macquarie Group Limited, Société Générale S.A., Bajaj Finserv Ltd., HDFC Bank, TIAA Bank, Toronto-Dominion Bank (TD), CMS Funding, National Funding Inc., and First American Healthcare Finance.