Medical Equipment Financing Market Regional Analysis:
North American Market Insights
The market share of medical equipment financing in North America industry is expected to hold largest revenue share of 40% by 2035. The growth of the market can be attributed majorly to the augmenting healthcare spending, followed by the surging count of medical beds in the region’s hospitals. According to the Centre for Medicare and Medicaid Services, national health expenditure of the United States has increased by 9.7% amounting to USD 4.1 trillion in 2020, and it is around 19.7% of the national GDP. Moreover, in 2019, there were around 800,000 beds in community hospitals out of which nearly 60,000 are medical-surgical intensive care beds. In addition to this, the increasing need for therapeutic devices such as portable ventilators, dialysis equipment, and ICU equipment, and rising finance services for medical diagnostic devices are also estimated to elevate the market growth further in the North American region throughout the forecast period.
Europe Market Insights
The European medical equipment financing market is estimated to be the second largest, registering a share of about 26% by the end of 2035. The growth of the market can be attributed majorly to the escalating adoption of AI-based medical equipment, coupled with the surge in healthcare infrastructure in the region. Besides this, significant economic growth in various countries of Eastern Europe is also projected to push the market growth further in the European region in the coming years.
APAC Market Insights
Further, the market in the Asia Pacific, amongst the market in all the other regions, is projected to hold a majority of the share of about 19% by the end of 2035. The growth of the market can be attributed majorly to the significant rise in the finance sector in the region, along with the increasing setup of advanced laboratories, hospitals, diagnostic centers, and so on in various countries in the region. Moreover, rising investment by the government to establish a more solid medical sector is also projected to skyrocket the growth of the medical equipment financing market in the APAC region in the projected time frame.
