Medical Equipment Financing Market Report 2025

The medical equipment financing market size has grown strongly in recent years. It will grow from $161.17 billion in 2024 to $175.65 billion in 2025 at a compound annual growth rate (CAGR) of 9%. The growth in the historic period can be attributed to increasing awareness among healthcare providers about financing options, rising adoption of home healthcare services, growing demand for minimally invasive procedures, heightened emphasis on improving patient outcomes and care delivery, and expanding insurance coverage and reimbursement rates.

The medical equipment financing market size is expected to see strong growth in the next few years. It will grow to $244.59 billion in 2029 at a compound annual growth rate (CAGR) of 8.6%. The growth in the forecast period can be attributed to the rising prevalence of chronic diseases, the increasing number of private hospitals and clinics, growing focus on healthcare infrastructure development in emerging economies, rising healthcare expenditures by governments and private players, and the increasing preference for leasing over purchasing medical equipment. Key trends expected during the forecast period include advancements in medical imaging technologies, technological developments in remote patient monitoring, improvements in robotic-assisted surgical systems, integration of digital health platforms with medical equipment, and advancements in laboratory automation systems.

The growing number of private hospitals and diagnostic centers is expected to drive the growth of the medical equipment financing market going forward. Private hospitals and diagnostic centers are non-governmental healthcare facilities that provide medical treatment, surgical care, and diagnostic services such as laboratory tests and imaging. The increase in these facilities is fueled by rising demand for high-quality and specialized healthcare services, driven by population growth and higher income levels. Medical equipment financing supports private hospitals and diagnostic centers by enabling the acquisition of advanced medical technologies and diagnostic tools without large upfront costs, enhancing service quality and expanding capacity. For instance, in May 2023, the UK government committed over \$26 billion (£20 billion) to develop new hospital infrastructure, aiming to rebuild five major hospitals by 2030 under the new hospital program. Therefore, the rising number of private healthcare facilities is propelling the growth of the medical equipment financing market.

Companies in the medical equipment financing market are focusing on innovative healthcare financing initiatives to expand access to advanced medical technologies and improve healthcare delivery efficiency. Transformative healthcare companies refer to enterprises that create significant positive changes in the healthcare system by introducing innovative medical technologies, expanding access to care, and improving patient outcomes. For instance, in May 2023, the Nigeria Sovereign Investment Authority, a Nigeria-based capital market company, launched NSIA Advanced Medical Service Ltd. (MedServe) and Equilease Systems Limited (Equilease) to enhance healthcare infrastructure and provide medical equipment leasing solutions nationwide. MedServe develops and operates healthcare centers to deliver high-quality, affordable care, while Equilease facilitates medical equipment acquisition through innovative leasing programs, initially serving MedServe to improve healthcare quality across Nigeria.

In April 2025, TFS Financial Corporation, a US-based bank holding company, partnered with Beautifi to provide equipment financing solutions. This partnership aims to offer flexible financing options that allow clinics and healthcare practitioners to acquire advanced, high-cost medical equipment without large upfront payments, supporting practice growth and enabling innovative treatments. Beautifi is a Canada-based financing company specializing in medical equipment financing.

Major players in the medical equipment financing market are Wells Fargo Co., Toronto Dominion Bank, Siemens Healthineers AG, HDFC Bank Ltd., GE Healthcare Technologies Inc., Henry Schein Inc., Macquarie Group Limited, Synovus Financial Corp., Bajaj Finserv Ltd., Balboa Capital Corporation, Ascentium Capital LLC, SMC Group, National Funding Inc., PEAC Solutions, Med One Group Inc., Blue Bridge Financial LLC, Crest Capital, First American Equipment Finance, CMS Funding, First Capital Business Finance, Hitachi Capital America Corp., U.S. Bank Equipment LLC.

North America was the largest region in the medical equipment financing market in 2024. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in medical equipment financing market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa. The countries covered in the medical equipment financing market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Canada, Italy, Spain.

Note that the outlook for this market is being affected by rapid changes in trade relations and tariffs globally. The report will be updated prior to delivery to reflect the latest status, including revised forecasts and quantified impact analysis. The report’s Recommendations and Conclusions sections will be updated to give strategies for entities dealing with the fast-moving international environment.

The fast surge in U.S. tariffs and the trade tensions that followed in spring 2025 are heavily affecting the medical equipment sector, particularly for imported imaging machine components, surgical-grade stainless steel, and plastic disposables. Hospitals and clinics resist price hikes, pressuring manufacturers’ margins. Regulatory hurdles compound the problem, as tariff-related supplier changes often require re-certification of devices, delaying time-to-market. Companies are mitigating risks by dual-sourcing critical parts, expanding domestic production of commoditized items, and accelerating R&D in cost-efficient materials.

Medical equipment financing refers to a financial arrangement that allows healthcare organizations to acquire essential assets through structured payment plans instead of large upfront expenditures. This approach supports capital management by providing flexible terms, enabling organizations to maintain liquidity while investing in critical infrastructure.

The main types of medical equipment financing include equipment financing, software financing, and service financing. Equipment financing allows businesses to acquire medical equipment via loans, leases, or credit without paying the full cost upfront. Financing options include leases, loans, lines of credit, and others, provided by banks, non-banking financial institutions, original equipment manufacturers, and government programs. These services cater to end users such as hospitals, clinics, ambulatory surgical centers, and diagnostic centers.

The medical equipment financing market research report is one of a series of new reports that provides medical equipment financing market statistics, including the medical equipment financing industry's global market size, regional shares, competitors with the medical equipment financing market share, detailed medical equipment financing market segments, market trends and opportunities, and any further data you may need to thrive in the medical equipment financing market. This medical equipment financing market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenarios of the industry.

The medical equipment financing market includes revenues earned by entities by providing services such as vendor financing programs, refinancing of existing equipment loans, and equipment trade-in financing programs. The market value includes the value of related goods sold by the service provider or included within the service offering. Only goods and services traded between entities or sold to end consumers are included.

The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD unless otherwise specified).

The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.

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