The global healthcare finance solutions market size is expected to reach USD 216.4 billion by 2030, registering a CAGR of 7.8% from 2023 to 2030, according to a new report by Grand View Research, Inc. Rising demand for ongoing improvements and modifications in various healthcare procedures to enhance the efficiency of various healthcare facilities are the factors driving the industry growth. The need for healthcare services is increasing exponentially as a result of the growing aging population and an increase in cases of chronic diseases. The ability to provide the latest edition of medical equipment is essential for maintaining a high standard of patient care.
As hospitals start utilizing the devices of the growing medical technology industry, the ability to finance and lease equipment is becoming even more crucial. It is a crucial component of enabling hospitals and practices to acquire innovations and, as a result, this would create the demand for healthcare finance solutions to invest more in advanced equipment. Real-time access to medical services and related assistance made possible by digital technology could improve the patient experience. This upgrade would require the installation of equipment designed to handle and manage such tasks. With the advancement of technology and the growing demand for advanced healthcare, the cost of the devices would be a major factor for healthcare providers.
The growth of the industry would be greatly impacted by the cost of such devices.The COVID-19 pandemic had severe economic, logistical, and other effects. However, following the pandemic, the industry is putting efforts to invest in the facilities, which include investments in improved forecasting after the supply chain disruptions & shortages, spending more on personnel and safety precautions, such as infrastructure, personnel, and Personal Protective Equipment (PPE). In addition, investments in cybersecurity & remote workforces and in addressing the health disparities that the pandemic has brought to light, such as promoting greater diversity in clinical trials, would support the industry growth.
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The decontamination equipment segment accounted for the largest revenue share in 2022
On the basis of healthcare facility type, The hospital & health systems segment accounted for the largest revenue share in 2022
The equipment and technology finance segment accounted for the largest revenue share of 45.1% in 2022 and accounted for the maximum revenue share in the same year
This is due to the fact that technology is changing rapidly and the demand for advanced healthcare increases the cost of the equipment
North America dominated the market and accounted for the largest revenue share of 38.7% in 2022 due to the increased demand for advanced equipment as the institutions adopt the latest devices
Grand View Research has segmented the global healthcare finance solutions market on the basis of on equipment type, healthcare facility type, service, and region:
Healthcare Finance Solutions Equipment Type Outlook (Revenue, USD Billion, 2018 - 2030)
Diagnostic/Imaging Equipment
Specialist Beds
Surgical Instruments
Decontamination Equipment
IT Equipment
Healthcare Finance Solutions Healthcare Facility Type Outlook (Revenue, USD Billion, 2018 - 2030)
Hospitals & Health Systems
Outpatient Imaging Centres
Outpatient Surgery Centres
Physician Practices & Outpatient Clinics
Diagnostic Laboratories
Urgent Care Clinics
Skilled Nursing Facilities
Pharmacies
Other Healthcare Providers
Healthcare Finance Solutions Service Outlook (Revenue, USD Billion, 2018 - 2030)
Equipment And Technology Finance
Working Capital Finance
Project Finance Solutions
Corporate Lending
Healthcare Finance Solutions Regional Outlook (Revenue, USD Billion, 2018 - 2030)
North America
U.S.
Canada
Europe
UK
Germany
France
Italy
Spain
Denmark
Sweden
Norway
Asia Pacific
Japan
China
India
Australia
Thailand
South Korea
Latin America
Brazil
Mexico
Argentina
Middle East And Africa
South Africa
Saudi Arabia
UAE
Kuwait
List of Key Players in the Healthcare Finance Solutions Market
Koninklijke Philips N.V.
General Electric Company
Commerce Bancshares, Inc.
Siemens Financial Services, Inc.
Thermo Fisher Scientific, Inc.
Stryker
Gemino Healthcare Finance
Oxford Finance LLC
TCF Capital Solutions
CIT Group, Inc.
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