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India Medical Equipment Financing Market, By Equipment (Diagnostic Equipment, Therapeutic Equipment, Patient-Monitoring Equipment, Others), By Source, By Percentage of Amount Sanctioned, By Tenure, By End User, By Region, Competition Forecast & Opportunities, FY2027

  • ID: 5338125
  • Report
  • October 2021
  • Region: India
  • 88 Pages
  • TechSci Research
UP TO OFF until Jul 31st 2022
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10% Free customization

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FEATURED COMPANIES

  • Axis Bank Limited
  • Bajaj Finserv Limited
  • HDFC Bank Limited
  • ICICI Bank Limited
  • IndusInd Bank Limited
  • State Bank of India
Free Webex Call

Speak directly to the analyst to clarify any post sales queries you may have.

10% Free customization

This report comes with 10% free customization, enabling you to add data that meets your specific business needs.

The Indian Medical Equipment Financing Market was valued USD 3.81 Billion in FY2021 and is forecast to grow at CAGR of 13.30% to reach USD 8.36 Billion by FY2027. The improving healthcare infrastructure and growing healthcare industry has led to an increase in the demand for premium, high quality and advanced healthcare facilities across the country. This, in turn, has elevated the demand for technologically advanced forms of medical treatment, new and innovative devices for providing these treatment and related services, which are quite expensive to buy. As a result, the buyers prefer availing financing services to get these devices, thereby driving the growth of medical equipment financing market.







The sudden outbreak and spread of COVID-19 pandemic across the country with a significant number of patients getting affected by the disease elevated demand for medical equipment including oxygen concentrators, ventilators, hospital beds, among others. Demand for expensive diagnostic equipment also increased substantially as many hospitals did not have such equipment. The increasing COVID-19 cases contributed to the increased demand for this equipment, which healthcare facilities could not buy immediately through internal accruals; thereby, shifting towards medical equipment financing options. This trend positively influenced the market growth.



The Indian Medical Equipment Financing Market is categorized into equipment, source, percentage of amount sanctioned, tenure, end-user, region and company. In terms of source, the Indian Medical Equipment Financing Market is segmented into banks and NBFCs. Among which, banks segment has accounted for the majority of market share in the Indian Medical Equipment Financing Market in FY2021 due to the growing penetration of NBFCs, especially in tier-1 and tier-2 cities. Additionally, various global medical equipment manufacturing companies are coming up with financing options in the medical equipment industry. For instance, Philips Healthcare provides healthcare financing solutions in the name of Philips Capital in India in order to help healthcare providers to obtain the technology, equipment, and services required to improve patient experience at an optimal cost.



In terms of region, the Indian Medical Equipment Financing Market is segmented into North, South, West and East. Among which, North India has dominated the Indian Medical Equipment Financing Market with a market share of around 31% and is expected to continue its dominance throughout the forecast period due to the strong presence of hospitals and diagnostic centers & laboratories in this region. Additionally, North India comprises of highly populated places like Uttar Pradesh and Delhi, which have huge patient pools looking for diagnosis and treatment of different diseases and ailments, thereby increasing the demand for different medical equipment, thereby creating lucrative opportunities for growth of medical equipment financing in the region.



Some of the major players operating in the Indian Medical Equipment Financing Market are HDFC Bank Limited, ICICI Bank Limited, State Bank of India, Siemens Financial Services Private Limited, Axis Bank Limited and Others. The market players are constantly innovating their sustainable strategies like offering attractive financing option, shifting towards digital financing, etc., to remain competitive in the market.



Years considered for this report:

  • Historical Years: FY2017 - FY2020
  • Base Year: FY2021
  • Estimated Year: FY2022E
  • Forecast Period: FY2023F - FY2027F

Objective of the Study:

  • To analyze the historical growth in the market size of the Indian Medical Equipment Financing Market from FY2017 to FY2021.
  • To estimate and forecast the market size of the India medical equipment financing market from FY2022 to FY2027 and growth rate until FY2027.
  • To define, classify and forecast the Indian Medical Equipment Financing Market on the basis of equipment, source, percentage of amount sanctioned, tenure, end-user, region and company.
  • To analyze and forecast the market share, in terms of value, for medical equipment financing with respect to equipment: diagnostic equipment, therapeutic equipment, patient-monitoring equipment, and others.
  • To scrutinize the detailed market segmentation and forecast the market size, in terms of value, and on the basis of region by segmenting th the Indian Medical Equipment Financing Market into four regions, namely - North, South, East and West.
  • To identify tailwinds and headwinds for the Indian Medical Equipment Financing Market.
  • To examine supply chain along with margins and evaluate pricing in the Indian Medical Equipment Financing Market.
  • To strategically profile the leading players in the market, which are involved in offering medical equipment financing in India.

The publisher performed both primary as well as exhaustive secondary research for this study. Initially, the publisher sourced a list of service providers across the country. Subsequently, the publisher conducted primary research surveys with the identified companies. While interviewing, the respondents were also enquired about their competitors. Through this technique, the publisher was able to include the companies which could not be identified due to the limitations of secondary research.



The publisher analyzed the financial service providers and presence of all major players across the country. The publisher calculated the market size of the Indian Medical Equipment Financing Market by using a bottom-up approach, wherein data for various end-user segments was recorded and forecast for the future years. The publisher sourced these values from the industry experts and company representatives and externally validated through analyzing historical data of these segments for getting an appropriate, overall market size. Various secondary sources such as company websites, news articles, press releases, company annual reports, investor presentations and financial reports were also studied.



Key Target Audience:

  • Medical equipment financing service providers, medical equipment retail chains, and other stakeholders
  • Organizations, forums and alliances related to medical equipment financing
  • Government bodies such as regulating authorities and policy makers
  • Market research and consulting firms

The study is useful in providing answers to several critical questions that are important for the industry stakeholders such as medical equipment financing service providers, customers, and policy makers. The study would also help them to identify which market segments should be targeted in the coming years in order to strategize investments and capitalize on growth opportunities in the market.



Report Scope:


In this report, the Indian Medical Equipment Financing Market has been segmented into following categories, in addition to the industry trends which have also been detailed below:



India Medical Equipment Financing Market, By Equipment:

  • Diagnostic Equipment
  • Therapeutic Equipment
  • Patient-Monitoring Equipment
  • Others

India Medical Equipment Financing Market, By Source:

  • Banks
  • NBFCs

India Medical Equipment Financing Market, By Percentage of Amount Sanctioned:

  • Up to 50%
  • 51-75%
  • Above 75%

India Medical Equipment Financing Market, By Tenure:

  • Less than 3 Years
  • 3-5 Years
  • More than 5 Years

India Medical Equipment Financing Market, By End-User:

  • Hospitals & Clinics
  • Laboratories & Diagnostic Centers
  • Others

India Medical Equipment Financing Market, By Region:

  • North
  • South
  • West
  • East

Competitive Landscape


Company Profiles: Analysis of the major companies operating in the Indian Medical Equipment Financing Market.



Available Customizations:


With the given market data, the publisher offers customizations according to a company’s specific needs.


Frequently Asked Questions about the Indian Medical Equipment Financing Market

What is the estimated value of the Indian Medical Equipment Financing Market?

The Indian Medical Equipment Financing Market was estimated to be valued at $2.7 Billion in 2017.

What is the growth rate of the Indian Medical Equipment Financing Market?

The growth rate of the Indian Medical Equipment Financing Market is 12.0%, with an estimated value of $8.4 Billion by 2027.

What is the forecasted size of the Indian Medical Equipment Financing Market?

The Indian Medical Equipment Financing Market is estimated to be worth $8.4 Billion by 2027.

Who are the key companies in the Indian Medical Equipment Financing Market?

Key companies in the Indian Medical Equipment Financing Market include 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 and Clix Capital Services Pvt. Ltd..
Note: Product cover images may vary from those shown

FEATURED COMPANIES

  • Axis Bank Limited
  • Bajaj Finserv Limited
  • HDFC Bank Limited
  • ICICI Bank Limited
  • IndusInd Bank Limited
  • State Bank of India

1. Product Overview2. Research Methodology3. Impact of COVID-19 on India Medical Equipment Financing Market4. Executive Summary
5. Voice of Customer
5.1. Brand Awareness
5.2. Preferred Loan Tenure
5.3. Factors Influencing Finance Decision
5.4. Challenges Faced Post Purchase
6. India Medical Equipment Financing Market Outlook, FY2017-FY2027F
6.1. Market Size & Forecast
6.1.1. By Value
6.2. Market Share & Forecast
6.2.1. By Equipment (Diagnostic Equipment, Therapeutic Equipment, Patient-Monitoring Equipment, Others)
6.2.2. By Source (Banks & NBFCs)
6.2.3. By Percentage of Amount Sanctioned (Up to 50%, 51-75%, Above 75%)
6.2.4. By Tenure (Less than 3 Years; 3-5 Years; More than 5 Years)
6.2.5. By End User (Hospitals & Clinics, Laboratories & Diagnostic Centers, Others)
6.2.6. By Region (By Top Three States)
6.2.7. By Company (FY2021)
6.3. Market Map (End User and Region)
7. India Diagnostic Medical Equipment Financing Market Outlook, FY2017-FY2027F
7.1. Market Size & Forecast
7.1.1. By Value
7.2. Market Share & Forecast
7.2.1. By Source
7.2.2. By Percentage of Amount Sanctioned
7.2.3. By Tenure
7.2.4. By End User
8. India Therapeutic Medical Equipment Financing Market Outlook, FY2017-FY2027F
8.1. Market Size & Forecast
8.1.1. By Value
8.2. Market Share & Forecast
8.2.1. By Source
8.2.2. By Percentage of Amount Sanctioned
8.2.3. By Tenure
8.2.4. By End User
9. India Patient Monitoring Medical Equipment Financing Market Outlook, FY2017-FY2027F
9.1. Market Size & Forecast
9.1.1. By Value
9.2. Market Share & Forecast
9.2.1. By Source
9.2.2. By Percentage of Amount Sanctioned
9.2.3. By Tenure
9.2.4. By End User
10. Market Dynamics
10.1. Drivers
10.2. Challenges
11. Market Trends & Developments12. Policy and Regulatory Landscape13. India Economic Profile
14. Competitive Landscape
14.1. HDFC Bank Limited
14.2. ICICI Bank Limited
14.3. State Bank of India
14.4. Siemens Financial Services Private Limited
14.5. Axis Bank Limited
14.6. Bajaj Finserv Limited
14.7. YES BANK LIMITED
14.8. IndusInd Bank Limited
14.9. Moneywise Financial Services Pvt Ltd (SMC Finance)
14.10. Clix Capital Services Pvt. Ltd.
14.11. Phillip Capital (India) Pvt. Ltd.
15. Strategic Recommendations16. About the Publisher & Disclaimer

List of Figures

Figure 1: India Medical Equipment Financing Market Size, By Value (USD Billion), FY2017-FY2027F
Figure 2: India Medical Equipment Financing Market Share, By Equipment, By Value, FY2017-FY2027F
Figure 3: India Medical Equipment Financing Market Share, By Source, By Value, FY2017-FY2027F
Figure 4: India Medical Equipment Financing Market Share, By Percentage of Amount Sanctioned, By Value, FY2017-FY2027F
Figure 5: India Medical Equipment Financing Market Share, By Tenure, By Value, FY2017-FY2027F
Figure 6: India Medical Equipment Financing Market Share, By End User, By Value, FY2017-FY2027F
Figure 7: India Medical Equipment Financing Market Share, By Region, By Value, FY2017-FY2027F
Figure 8: North India Medical Equipment Financing Market Share, By Top Three States, By Value, FY2021
Figure 9: South India Medical Equipment Financing Market Share, By Top Three States, By Value, FY2021
Figure 10: West India Medical Equipment Financing Market Share, By Top Three States, By Value, FY2021
Figure 11: East India Medical Equipment Financing Market Share, By Top Three States, By Value, FY2021
Figure 12: India Medical Equipment Financing Market Share, By Company, By Value, FY2021
Figure 13: India Medical Equipment Financing Market Map, By End User, Market Size (USD Billion) & Growth Rate (%), FY2021
Figure 14: India Medical Equipment Financing Market Map, By Region, Market Size (USD Billion) & Growth Rate (%), FY2021
Figure 15: India Diagnostic Equipment Financing Market Size, By Value (USD Billion), FY2017-FY2027F
Figure 16: India Diagnostic Equipment Financing Market Share, By Source, By Value, FY2017-FY2027F
Figure 17: India Diagnostic Equipment Financing Market Share, By Percentage of Amount Sanctioned, By Value, FY2017-FY2027F
Figure 18: India Diagnostic Equipment Financing Market Share, By Tenure, By Value, FY2017-FY2027F
Figure 19: India Diagnostic Equipment Financing Market Share, By End User, By Value, FY2017-FY2027F
Figure 20: India Therapeutic Medical Equipment Financing Market Size, By Value (USD Billion), FY2017-FY2027F
Figure 21: Total Number of Hospitals in India, Public Vs Private Sector, 2020
Figure 22: India Therapeutic Medical Equipment Financing Market Share, By Source, By Value, FY2017-FY2027F
Figure 23: India Therapeutic Medical Equipment Market Share, By Percentage of Amount Sanctioned, By Value, FY2017-FY2027F
Figure 24: India Therapeutic Medical Equipment Market Share, By Tenure, By Value, FY2017-FY2027F
Figure 25: India Therapeutic Medical Equipment Market Share, By End User, By Value, FY2017-FY2027F
Figure 26: India Patient Monitoring Medical Equipment Financing Market Size, By Value (USD Billion), FY2017-FY2027F
Figure 27: Total Number of Hospital Beds in India, Public Vs Private Sector, 2020
Figure 28: India Patient Monitoring Medical Equipment Financing Market Share, By Source, By Value, FY2017-FY2027F
Figure 29: India Patient Monitoring Medical Equipment Market Share, By Percentage of Amount Sanctioned, By Value, FY2017-FY2027F
Figure 30: India Patient Monitoring Medical Equipment Market Share, By Tenure, By Value, FY2017-FY2027F
Figure 31: India Patient Monitoring Medical Equipment Market Share, By End User, By Value, FY2017-FY2027F

List of Tables

Table 1: India’s Top 10 States with Total Number of Hospital Beds, 2020
Table 2: India Cancer Incidences and Mortality, By Cancer Site, As of 2020
Note: Product cover images may vary from those shown

A selection of companies mentioned in this report includes:

  • 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.
Note: Product cover images may vary from those shown