India Medical Equipment Financing Market Size, Share, Growth, Regional Analysis, Prominent Players and Forecast 2030

India Medical Equipment Financing Market to Grow at a CAGR of 13% during Forecast Period

India medical equipment financing market is growing at a high CAGR because of the increasing demand for consumer electronic goods such as smartphones, etc., along with increasing demand for IoT devices and expanding electric vehicle production

A recent study conducted by the strategic consulting and market research firm, Report Ocean, revealed that India medical equipment financing market was worth USD 3.9 billion in the year 2021. The India medical equipment financing market is projected to grow at a CAGR of 13.20%, earning revenues of around USD 9.3 billion by the end of 2028. The rising medical and healthcare industry, as well as quickly developing research and development efforts in this sector, are propelling the market forward at a rapid pace. Furthermore, the growing number of medical equipment finance companies is providing the industry with significant development potential. However, lack of awareness and difficulty in credit approval may act as a huge restraining factor for market growth.

Download Free Sample of This Strategic Report: https://reportocean.com/industry-verticals/sample-request?report_id=MR423

Technological Advancements in Medical Equipment are Driving India Medical Equipment Financing Market

Medical equipment is constantly undergoing rapid transformations and advancements. They are witnessing integration with advanced technologies such as big data, IoT sensors, artificial intelligence (AI), machine learning, etc., to offer better diagnostics and treatment. Due to this, the older medical equipment becomes redundant and therefore, needs replacement as soon as possible to keep up with the changing dynamics of the healthcare industry. This is anticipated to fuel the growth of the India medical equipment financing market.

Rising Demand from Research Institutes Propelling Market Growth

Medical research in India is gaining significant traction owing to the rising government focus on the medical research infrastructure and funding. With increasing funding from the government as well as private players it is possible to accumulate advanced medical equipment to carry out the research. However, medical equipment financing providers are also emerging as a viable option for sourcing medical equipment in research institutes. This is estimated to present lucrative growth opportunities for the market.

India Medical Equipment Financing Market – By Type

Based on type, the India medical equipment financing market is segmented into new medical equipment, rental equipment, and refurbished equipment. The new medical equipment segment holds the largest market share owing to the risk of failures as well as infection transmission from the use of rental or refurbished equipment. The businesses that are setting up new hospitals focus on offering the most advanced medical technologies due to which they acquire only new medical equipment.

Request To Download Sample of This Strategic Report:- https://reportocean.com/industry-verticals/sample-request?report_id=MR423

India Medical Equipment Financing Market – Regional Insights

Geographically, the India medical equipment financing market is segmented into Northern India, Southern India, Eastern India, and Western India. Southern India accounts for the largest share in the India medical equipment financing market owing to the strong healthcare sector in this region. The state has the most hospitals with all functioning specializations was Tamil Nadu, followed by Karnataka, West Bengal, and Kerala, according to a report by Niti Aayog, due to which the demand for medical equipment financing is also high.

Impact of COVID-19 on India Medical Equipment Financing Market

The COVID-19 pandemic outbreak in India provided the India medical equipment finance sector with significant expansion potential. The massive influx of COVID-19-affected patients threw India’s whole healthcare system into disarray. As a result, private healthcare institutions had to rely on loans to grow their healthcare capacity and meet their demands for COVID-19 diagnostic equipment as well as other essential medical accessories like PPE kits and medical masses. The medical equipment finance market in India grew tremendously as a result of this.

Competitive Landscape

The leading market players in the India medical equipment financing market are HDFC Bank Limited, ICICI Bank Limited, State Bank of India, Siemens Financial Services Private Limited, Axis Bank Limited, Bajaj Finserv Limited, YES BANK LIMITED, IndusInd Bank Limited, Moneywise Financial Services Pvt Ltd (SMC Finance), Clix Capital Services Pvt. Ltd., Phillip Capital (India) Pvt. Ltd., and other prominent players.

Market Segment:  
By Equipment (Diagnostic Equipment, Therapeutic Equipment, Patient Monitoring Equipment, Laboratory Equipment, Medical Furniture)
By Type (New Medical Equipment, Rental Equipment, Refurbished Equipment)
By End-User (Hospitals, Clinics, Laboratories And Diagnostic Centers, Ambulatory Surgical Centers (Ascs), Others)
By Region (Northern India, Southern India, Eastern India, Western India)

The India medical equipment financing market is increasingly becoming fragmented with the increasing number of financial institutions entering the market. The companies are launching plans and services that suit the needs of different kinds and sizes of medical and healthcare organizations. Furthermore, the adoption of competitive strategies such as partnerships, mergers, acquisitions, collaborations, etc., is also prominent in this market.

Request To Download Sample of This Strategic Report:- https://reportocean.com/industry-verticals/sample-request?report_id=MR423

Dont miss the business opportunity in the India medical equipment financing market. Consult our analysts to gain crucial insights and facilitate your business growth.

The in-depth analysis of the report provides information about growth potential, upcoming trends, and statistics of the India medical equipment financing market. It also highlights the factors driving forecasts of total market size. The report promises to provide recent technology trends in the India medical equipment financing market and industry insights to help decision-makers make sound strategic decisions. Furthermore, the report also analyzes the growth drivers, challenges, and competitive dynamics of the market.

Table of Content:

• Report Overview
• Global Growth Trends
• Competition Landscape by Key Players
• Data Segments
• North America Market Analysis
• Europe Market Analysis
• Asia-Pacific Market Analysis
• Latin America Market Analysis
• Middle East & Africa Market Analysis
• Key Players Profiles Market Analysis
• Analysts Viewpoints/Conclusions
• Appendix

Key Reasons to Buy this Report:

• Access to date data compiled by means of our researchers. These grant you with historic and forecast data, which is analyzed to inform you why your market is set to change
• This allows you to expect market adjustments to continue to be in advance of your competitors
• You will be in a position to replica information from the Excel spreadsheet straight into your advertising plans, commercial enterprise presentations, or different strategic documents
• The concise analysis, clear graph, and desk structure will allow you to pinpoint the records you require quickly
• Provision of market cost (USD Billion) records for every phase and sub-segment
• Indicates the area and section that is predicted to witness the quickest increase as nicely as to dominate the market
• Analysis through geography highlighting the consumption of the product/service in the area as nicely as indicating the elements that are affecting the market inside every region
• Competitive panorama which contains the market rating of the predominant players, alongside with new service/product launches, partnerships, commercial enterprise expansions, and acquisitions in the previous 5 years of organizations profiled
• Extensive business enterprise profiles comprising of business enterprise overview, employer insights, product benchmarking, and SWOT evaluation for the primary market players
• The cutting-edge as nicely as the future market outlook of the enterprise regarding current traits which contain boom possibilities and drivers as properly as challenges and restraints of each rising as nicely as developed regions
• Includes in-depth evaluation of the market from quite a number views via Porter’s 5 forces analysis
• Provides perception into the market via Value Chain
• Market dynamics scenario, alongside with boom possibilities of the market in the years to come, 6-month post-sales analyst help

Request full Report : https://reportocean.com/industry-verticals/sample-request?report_id=MR423

About Report Ocean:

We are the best market research reports provider in the industry. Report Ocean believes in providing quality reports to clients to meet the top line and bottom line goals which will boost your market share in today’s competitive environment. Report Ocean is a ‘one-stop solution’ for individuals, organizations, and industries that are looking for innovative market research reports.

Get in Touch with Us:
Report Ocean:
Email: sales@reportocean.com
Address: 500 N Michigan Ave, Suite 600, Chicago, Illinois 60611 – UNITED STATES
Tel:+1 888 212 3539 (US – TOLL FREE)
Website: https://www.reportocean.com