The U.S. healthcare finance solutions market size is expected to reach USD 89.8 billion by 2030, according to a new report by Grand View Research, Inc. It is expected to expand at a CAGR of 7.7% from 2022 to 2030 The need for capital investment and the development of healthcare infrastructure are some of the key factors boosting the growth of the market. The COVID-19 pandemic has positively changed the growth projections of the market.
Healthcare is an evolving and expanding industry. The increasing prevalence of diseases, advances in digital technology, and the introduction of novel drugs and medicines have led to a rise in healthcare demand and expenditure. In today’s world, the healthcare system is shifting from volume to value-based care to improve patient care and engagement. Competitive pricing & improved quality of healthcare services and changes in reimbursement plans in the U.S. are expected to drive the healthcare finance solutions market over the forecast period.
The COVID-19 pandemic has increased the adoption of digitalization in healthcare. It has increased the requirement for funding in the healthcare sector to maintain the cash flow of day-to-day activities. With increased costs related to COVID-19 and the lost revenue from the cancellation of outpatient office visits, elective surgeries, and elective procedures, hospitals throughout the country became financially stressed.
The increasing consumer demand and frequently changing laws are also contributing to the growth. For instance, in 2016, the mission of The Department of Health and Human Services has entailed improving patient outcomes and reducing medical costs. These changes are driving the need for financial services in the healthcare sector. Also, the requirement for investment in advanced and innovative technology and services to reduce the overall healthcare expenditure is expected to propel the market growth during the forecast period.
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Based on equipment type, the decontamination equipment segment held about 36.0% of the market share in 2021 due to the high cost of equipment
Based on healthcare facilities, the hospitals & health systems segment dominated the market in 2021 with a share of 24.9% due to the increasing prevalence of chronic diseases and the need to treat them along with handling patient data
Equipment and technology finance services dominated the market in 2021 with a 45.0% revenue share due to the rising need for financial assistance for providing medical care services to patients
Private players in the largest lender segment account for 51.1% of the market share in 2021 This is attributed to the factors such as great ROI, various tax benefits & offers provided by the private players
Grand View Research has segmented the U.S. healthcare finance solutions market based on equipment type, healthcare facility type, services, and lenders:
U.S. Healthcare Finance Solutions Equipment Type Outlook (Revenue, USD Million, 2018 - 2030)
Diagnostic/Imaging Equipment
Specialist Beds
Surgical Instruments
Decontamination Equipment
IT Equipment
U.S. Healthcare Finance SolutionsHealthcare Facility Type Outlook (Revenue, USD Million, 2018 - 2030)
Hospitals & Health Systems
Outpatient Imaging Centers
Outpatient Surgery Centers
Physician Practices & Outpatient Clinics
Diagnostic Laboratories
Urgent Care Clinics
Skilled Nursing Facilities
Pharmacies
Other Healthcare Providers
U.S. Healthcare Finance SolutionsServices Outlook (Revenue, USD Million, 2018 - 2030)
Equipment & Technology Finance
Government & Other Federal Agencies
Private Players
Others
Working Capital Finance
Government & Other Federal Agencies
Private Players
Others
Project Finance Solutions
Government & Other Federal Agencies
Private Players
Others
Corporate Lending
Government & Other Federal Agencies
Private Players
Others
U.S. Healthcare Finance SolutionsLenders Outlook (Revenue, USD Million, 2018 - 2030)
Government & Other Federal Agencies
Private Players
Others
List of Key Players in the U.S. Healthcare Finance Solutions Market
Siemens Financial Services, Inc.
General Electric Company
Commerce Bankshares, Inc.
Thermo Fisher Scientific, Inc.
Siena Healthcare Finance
CIT Group, Inc.
Stryker
Gemino Healthcare Finance
Oxford Finance LLC
TCF Capital Solutions
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