Global Medical Equipment Financing Market Size to Surpass USD 380.87 Billion at a CAGR of 7.4% Growth By 2034

24-May-2025 | Zion Market Research

According to the report, the global medical equipment financing market size was valued at approximately USD 186.52 Billion in 2024 and is predicted to reach around USD 380.87 Billion by the end of 2034, expanding at a CAGR of around 7.4% from 2025 to 2034.

Medical equipment financing reverts to monetary transactions that place between a loan borrower and a provider. The only difference between conventional financing activities and medical equipment financing is that the latter deals solely with entities related to medical equipment. It can be considered a loan curated specially for personnel and corporations in the healthcare industry and can only be used to buy, sell, or refurbish medical devices.

In most cases, when money is borrowed against a piece of medical machinery, it is also considered collateral and there may not be any need for additional collateral. These loans can be used to buy or finance several types of equipment ranging from X-ray machines, Computed Tomography (CT) scans, Magnetic resonance imaging (MRI) machines, hospital beds, optometry instruments, dental devices, and other equipment.

This makes it exceptionally accommodative and flexible financial assistance that is available for businesses operating in the healthcare community. There are several advantages that come along with medical equipment financing and are also the leading cause of the growth witnessed.

Global Medical Equipment Financing Market Size

The global medical equipment financing market is projected to register a high CAGR owing to the growing importance given to financial management in the healthcare sector, especially witnessed during 2020 and 2021 owing to the impact of Covid-19. Undertaking financial assistance for medical equipment helps the borrower to constantly have access to upgraded technology which in turn is bound to help the medical entity repay the loans as the demand for advanced medical machinery is at an all-time high.

This review is based on a report by Zion Market Research, titled “Medical Equipment Financing Market By Equipment Type (Diagnostic Equipment, Therapeutic Equipment, Surgical Instruments, Monitoring Equipment, Laboratory Equipment, Others), By End-user (Hospitals, Clinics, Diagnostic Centers, Laboratories, Ambulatory Surgical Centers), By Financing Type (Lease, Loan, Line of Credit, Others), By Provider (Banks, Non-banking Financial Institutions, OEM Financing, Government Programs), and By Region: Global and Regional Industry Overview, Market Intelligence, Comprehensive Analysis, Historical Data, and Forecasts 2025 - 2034Report at https://www.zionmarketresearch.com/report/medical-equipment-financing-market

The growing rate of medical infections, rising healthcare infrastructure, and increasing access to medical care are some of the reasons why doctors and physicians are registering a high rate of patient influx. In addition to this, the demand for superior-quality medical assistance has risen exponentially during the last few years. The increasing disposable income, government initiatives, along with programs undertaken by national and international healthcare bodies are reasons why the world is witnessing investments directed toward upgrading medical-care quality. However, such activities require high funding and this can be achieved using financial aid from external agencies.

However, during the forecast period, there could be certain roadblocks against medical equipment financing industry expansion. One of the primary concerns that many service providers have is the associated risk of the medical equipment getting obsolete before it reaches its true potential in terms of return on investment (ROI). Furthermore, many medical professionals or entities prefer to not invest in new systems and instead work on upgrading or maintaining the current equipment they have in their inventory. This greatly restricts the global market growth.

The growing technological advancements may provide expansion opportunities, whereas the less number of players to challenge market growth.

Global Medical Equipment Financing Market

Medical Equipment Financing Market: Segmentation Analysis

The global medical equipment financing market is segmented based on Equipment Type, End-user, Financing Type, Provider, and region.

Based on Equipment Type, the global medical equipment financing market is divided into Diagnostic Equipment, Therapeutic Equipment, Surgical Instruments, Monitoring Equipment, Laboratory Equipment, Others. 

On the basis of End-user, the global medical equipment financing market is bifurcated into Hospitals, Clinics, Diagnostic Centers, Laboratories, Ambulatory Surgical Centers.

By Financing Type, the global medical equipment financing market is split into Lease, Loan, Line of Credit, Others.

In terms of Provider, the global medical equipment financing market is categorized into Banks, Non-banking Financial Institutions, OEM Financing, Government Programs.

Medical Equipment Financing Market: Report Scope

Report Attributes Report Details
Report Name Medical Equipment Financing Market
Market Size in 2024 USD 186.52 Billion
Market Forecast in 2034 USD 380.87 Billion
Growth Rate CAGR of 7.4%
Number of Pages 209
Key Companies Covered First American Equipment Finance, Hero FinCorp, SLR Healthcare ABL, JPMorgan Chase & Co., National Funding, Siemens Financial Services, Inc., Blue Bridge Financial, LLC, Truist Bank, SMC Finance, HDFC Bank, TIAA Bank, and Macquarie Group Limited., and others.
Segments Covered By Equipment Type, By End-user, By Financing Type, By Provider, and By Region
Regions Covered North America, Europe, Asia Pacific (APAC), Latin America, The Middle East and Africa (MEA)
Base Year 2024
Historical Year 2020 to 2023
Forecast Year 2025 - 2034
Customization Scope Avail customized purchase options to meet your exact research needs. Request For Customization

North America is projected to register the highest growth in the global medical equipment financing market, mainly driven by the excellent healthcare infrastructure of the US and Canada. The medical architecture includes the financial strength of the medical professionals or entities operating in the country. The region has some of the most well-aware service providers and takers, which helps in regional growth. Europe was the second-most leading region in 2022 and is expected to continue its growth trend due to the presence of higher knowledge amongst medical professionals related to financing and a steady service adoption rate. Furthermore, the growing emphasis on same-day surgery like eye operations, endoscopy, and laparoscopy along with other operations could act as a driving factor for the regional market adoption statistics.

Recent Developments:

  • In February 2022, Toronto-Dominion Bank and First Horizon announced the signing of a new contract that will allow Toronto-Dominion Bank to completely acquire First Horizon. The deal is worth USD 13 billion and will help TD strengthen its hold in the global market

  • In December 2021, API Holdings Limited and Piramal Capital & Housing Finance entered a joint collaboration in which the latter will offer its digital platform Retailio to API Holding. This will allow the company to improve its financial assistance services to all stakeholders

Medical Equipment Financing Market: Competitive Analysis

The report provides a company market share analysis to give a broader overview of the key market players. In addition, the report also covers key strategic developments of the market, including acquisitions & mergers, new product launches, agreements, partnerships, collaborations & joint ventures, research & development, and regional expansion of major participants involved in the medical equipment financing market on a global and regional basis.

The global medical equipment financing market is dominated by players like:

  • First American Equipment Finance
  • Hero FinCorp
  • SLR Healthcare ABL
  • JPMorgan Chase & Co.
  • National Funding
  • Siemens Financial Services Inc.
  • Blue Bridge Financial LLC.
  • Truist Bank
  • SMC Finance
  • HDFC Bank
  • TIAA Bank
  • and Macquarie Group Limited.

The global medical equipment financing market is segmented as follows;

By Equipment Type

  • Diagnostic Equipment
  • Therapeutic Equipment
  • Surgical Instruments
  • Monitoring Equipment
  • Laboratory Equipment
  • Others

By End-user

  • Hospitals
  • Clinics
  • Diagnostic Centers
  • Laboratories
  • Ambulatory Surgical Centers

By Financing Type

  • Lease
  • Loan
  • Line of Credit
  • Others

By Provider

  • Banks
  • Non-banking Financial Institutions
  • OEM Financing
  • Government Programs

By Region

  • North America
    • The U.S.
    • Canada
  • Europe
    • France
    • The UK
    • Spain
    • Germany
    • Italy
    • Rest of Europe
  • Asia Pacific
    • China
    • Japan
    • India
    • South Korea
    • Southeast Asia
    • Rest of Asia Pacific
  • Latin America
    • Brazil
    • Mexico
    • Rest of Latin America
  • Middle East & Africa
    • GCC
    • South Africa
    • Rest of Middle East & Africa

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