Connect with us
MARE BALTICUM Gaming & TECH Summit 2024

Artificial Intelligence

Medical Equipment Financing Market to Reach Value of US$ 277.89 Billion by 2030, And Rise At A CAGR of 6.99%, Contrive Datum Insights

Published

on

Farmington, Jan. 25, 2023 (GLOBE NEWSWIRE) — The global Medical Equipment Financing Market was valued at USD 161.89 Billion in 2022 and is projected to reach USD 277.89 Billion by 2030, growing at a CAGR of 6.99% from 2023 to 2030. Keeping up with the latest innovations in medical equipment is essential, but it may be costly. Due to this, many healthcare workers require finance to acquire the necessary equipment and supplies. A loan or lease for medical equipment provides these experts with the instruments necessary to attract new and returning patients. This enables people to earn additional income and increase their savings.

Request Sample Copy of the Report “Medical Equipment Financing Market – Global Industry Analysis, Size, Share, Growth Opportunities, Future Trends, Covid-19 Impact, SWOT Analysis, Competition, and Forecasts 2022 to 2030”, published by Contrive Datum Insights.

Due to the constant improvement of medical technology, it is now essential to choose the best medical equipment for superior health care. However, advanced diagnostic technologies are costly, making it difficult for doctors and hospitals to afford them. Low monthly payments and flexible loan formats are required to pay for medical equipment.

Medical Equipment Financing Market Recent Developments:

  • In July 2021 – IFC and the Multilateral Investment Guarantee Agency (MIGA) launched a trade finance guarantee initiative to help low-income countries recover from the effects of the pandemic by supporting trade flows of critical goods, including food and medical equipment.
  • In May 2021 – E. Healthcare and NSIA Banque Cote d’Ivoire announced a partnership with IFC’s Africa Medical Equipment Facility to strengthen the healthcare industry and support medical equipment financing across Africa.
  • In April 2021 – IMAGEENS jointly raised $1.45 million in seed funding with Anaxago. This is expected to strengthen the company’s team with key R&D talent to expand the deployment of software solutions.

Medical Equipment Financing Market Segmentation Analysis:

The market for medical equipment was anticipated to be worth 48.3 billion dollars in 2021. In emerging nations, there is an increased demand for premium, high-quality, and cutting-edge healthcare facilities as a result of improved healthcare infrastructure and a burgeoning healthcare business. Due to the increased need for technologically advanced medical care, new and imaginative goods for providing these treatments and related services have been developed, all of which are relatively costly to acquire.
In 2021, the market for refurbished items reached its peak. Refurbished equipment is medical equipment that has been reconditioned or restored to a working condition without affecting its primary function or original specifications. This equipment is only utilized after a thorough cleaning, disinfection, and repair of worn or broken parts. Emerging nations have a strong demand for refurbished medical equipment due to their limited financial resources. In 2021, the market for refurbished items reached its peak.
The development of diagnostic instruments to facilitate the growth of diagnostic centers and laboratories. In 2021, the hospital and clinic industry maintained its market-leading position. This dominance is related to factors such as greater investment in infrastructure management and rising demand for surgical procedures at clinics and hospitals.

Regional Outlook:

North America has become the largest market for financing medical equipment. It was worth $45.93 billion in 2021. This is mostly because the financing rate for medical equipment is the best in the region. This region has become the most powerful in the world due to advances in medical devices and investments in medical infrastructure. Europe is in second place because more medical equipment funding is based on artificial intelligence and more money is being invested in healthcare infrastructure. Additionally, more clients have turned to the market for financing medical equipment as medical experts and personnel have gained greater knowledge about it.
The financial industry is expanding in Asia-Pacific, and more hospitals, cutting-edge labs, and diagnostic centers are being constructed in the region’s developing nations, which is predicted to accelerate the region’s economic growth. This market would also expand if the government allocated more funds to the healthcare industry. As an illustration, the Indian finance minister recently stated that $9.09 billion will be allocated to the healthcare sector in the country’s 2020 budget.

Buy this Premium Research Report@
https://www.contrivedatuminsights.com/buy/248391/?Mode=TM

Scope of Report:

Report Attributes Details
Growth Rate 8.6% from 2023 to 2030
Market Size in 2022 USD 161.89 Billion
Revenue Forecast by 2030 USD 277.89 Billion
By Equipment Diagnostics 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 & Diagnostic Centers, Ambulatory Surgical Centers, Others
By Companies Avance Biosciences, Bio-Rad Laboratories, Inc., Fluidigm Corporation, JN medsys, Merck KGAA, Precigenome LLC, QIAGEN N.V, STILLA TECHNOLOGIES, sysmex corporation, Thermo Fisher Scientific, Inc., Formulatrix, Promega, and Others.
Base Year 2022
Historical Year 2017 to 2021
Forecast Year 2023 to 2030

Market Drivers:

Improvements in endoscopic and laparoscopic surgery procedures at ASCs, which have led to an increase in outpatient visits, will contribute to the segment’s growth in the near future. ASCs will also experience an increase in demand because they offer affordable treatment alternatives and employ competent medical personnel. ASCs also provide patients the option of same-day surgery, which saves both the patient and the surgeon time. Thus, the aforementioned elements promote segmental expansion.

Market Challenges:

As their economies expand, equipment finance firms continue to face numerous challenges. Even while banks have more resources and are seeking chances in the medical equipment market, the majority of businesses have grown more capital-conscious. It is more likely that hospitals, clinics, and diagnostic centers will spend money to maintain their existing equipment than to purchase new ones.

Market Opportunity:

The market for medical goods has expanded significantly. Rapid technical advancements and artificial intelligence technologies have maximized the capabilities of the medical industry. This is the primary factor that generates demand and attracts physicians and other medical professionals to the financing equipment industry. Because the equipment is pricey and high-tech, hospitals and diagnostic centers have decided to finance it.

Medical Equipment Financing Market Key Segments Covered:

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

By Equipment

  • Diagnostics Equipment
  • Therapeutic Equipment
  • Patient Monitoring Equipment
  • Laboratory Equipment
  • Medical Furniture

By Type

  • New Medical Equipment
  • Rental Equipment
  • Refurbished Equipment

By End User

  • Hospitals
  • Clinics
    • Dermatology Clinics
    • Dental Clinics
    • Ophthalmology Clinics
  • Laboratories & Diagnostic Centers
  • Ambulatory Surgical Centers
  • Others

Regions and Countries Covered

  • North America: (US, Canada, Mexico, and Rest of North America)
  • Europe: (Germany, France, Italy, Spain, UK, Nordic Countries, Benelux Union, Rest of Europe)
  • Asia-Pacific: (Japan, China, India, Australia, South Korea, Southeast Asia, Rest of Asia-Pacific)
  • The Middle East & Africa: (Saudi Arabia, UAE, Egypt, South Africa, Rest of the Middle East & Africa)
  • Latin America: (Brazil, Argentina, Rest of Latin America)
  • Rest Of the World

Check out more related studies published by Contrive Datum Insights:

  • Aviation Actuator System Market – The Global Aviation Actuator System Market Is Projected To Grow From USD 2.02 Billion In 2018 To USD 3.06 Billion By 2030, At A CAGR Of 5.24% From 2022 To 2030. Emerging countries such as China, India, and Brazil are expected to create new growth opportunities for prominent players operating in the market. For instance, according to the Commercial Aircraft Corporation of China, Ltd. in September 2019, the Chinese market is expected to witness strong demand for commercial aircraft over the next 20 years. 
  • Electronic Access Control System (EACS) Market – The Global Electronic Access Control Systems (EACS) Market Was Estimated At USD 9.9 Billion In 2022 And Is Projected To Reach A Revised USD 22.4 Billion By 2029, Growing At A CAGR Of 12.4% During The Analysis Period 2022-2030. North America is expected to hold the largest market share during the forecast period due to rising terrorist threats and security concerns, which are the major factors driving the growth of the EACS industry in the region.
  • Industrial Control System (ICS) Security Market – The Global Industrial Control Systems (ICS) Security Market size surpassed USD 5 Billion in 2022 and is poised to register a 20.0% CAGR from 2022 to 2030. North America dominates the industrial control system (ICS) security market due to the prevalence of improved infrastructure and the adoption of advanced technologies in the region.
  • Flight Information Display Systems (FIDS) Market The Global Flight Information Display Systems (FIDS) Market Is Expected To Grow At A CAGR Of 7.5% From 2022 To 2030. North America dominated the global flight information display system market in terms of the revenue share of over 35.0%. This growth can be attributed to the presence of many airlines and airports using FIDS, high adoption rates, and increasing demand for technologically advanced products.

Customization of the Report: The report can be customized as per client needs or requirements. For any queries, you can contact us at [email protected] or +1 215-297-4078. Our sales executives will be happy to understand your needs and provide you with the most suitable reports.

About Us:
Contrive Datum Insights (CDI) is a global delivery partner of market intelligence and consulting services to officials in various sectors such as investment, information technology, telecommunication, consumer technology, and manufacturing. CDI assists investment communities, business executives, and IT professionals to undertake statistics-based accurate decisions on technology purchases and advance strong growth tactics to sustain market competitiveness. Comprising a team size of more than 100 analysts and cumulative market experience of more than 200 years, Contrive Datum Insights guarantees the delivery of industry knowledge combined with global and country-level expertise.

Social: Facebook / LinkedIn / Twitter

Contact Us:
Anna B. | Head Of Sales
Contrive Datum Insights
Phone: +
91 9834816757 | +1 2152974078
Email: 
[email protected]

Website:
https://www.contrivedatuminsights.com
Contrive Datum Insights Press Releases
Latest Contrive Datum Insights Latest Reports

GlobeNewswire is one of the world's largest newswire distribution networks, specializing in the delivery of corporate press releases financial disclosures and multimedia content to the media, investment community, individual investors and the general public.

Artificial Intelligence

Congregating in the Lion City for a Win-Win Future of Intelligent Computing at the Global Data Center Facility Summit 2024

Published

on

congregating-in-the-lion-city-for-a-win-win-future-of-intelligent-computing-at-the-global-data-center-facility-summit-2024

SINGAPORE, May 17, 2024 /PRNewswire/ — On May 17, 2024, the Global Data Center Facility Summit 2024 was held in Singapore with the theme of “Power the Digital Era Forward.” At the summit, over 600 data center industry leaders, technical experts, and ecosystem partners gathered to discuss new trends and opportunities of the global data center industry in the intelligent computing era. The attendees also got to experience all-scenario, all-ecosystem, and all-service end-to-end (E2E) solutions, share innovative practices of green data centers in the Asia Pacific and Europe, and experience the exhibition vehicle to unveil the mystery of Outdoor PowerPOD that features one power system per container. By fully embracing the intelligent computing era, Huawei strives to power the digital era forward.

Seizing Opportunities Brought by AI and Jointly Building Green & Reliable Computing Infrastructure
At the opening speech, Charles Yang, Senior Vice President of Huawei and President of Marketing, Sales and Services, Huawei Digital Power, noted that since ChatGPT ushered in the AI era, large models keep pushing the limits of computing power and the intelligent computing industry is witnessing an unprecedented construction boom. As predicted, 100 GW will be added to the global data center installed capacity and the market value will exceed US$600 billion in the next five years.
According to Charles, with opportunities come challenges. The primary challenge concerning the data center industry is reliability and electricity. Data centers are scaling up from the MW-level to the GW-level. E2E reliability of data centers is becoming even more important than ever. In response to the opportunities, Huawei will work with customers and partners to expand the industry space.
Steering Data Centers to the AI Era with Product + Service + Ecosystem
During the summit, Sun Xiaofeng, President of Huawei Data Center Facility & Critical Power Business, delivered a speech titled “Power the Digital Era Forward. ” He stated that as AI large models are penetrating, the surging compute demands drive the expansive growth in data center.
To address the challenges, Huawei strives to build product + service + ecosystem E2E data center solutions that feature fast deployment, flexible cooling, green energy, and ultimate reliability.
Fast deployment: Data centers are fully modularized and prefabricated to ensure high quality and efficient construction.Flexible cooling: Air-liquid fusion and integrated cooling source emerges as the optimal cooling architecture for intelligent computing.Green energy: New generation-grid-load-storage integrated solution is built to ensure the sound operations of intelligent computing centers.Ultimate reliability: Data centers are safeguarded through reliable products and preventive protection.Currently, Huawei’s global service network covers more than 170 countries with over 1800 professional engineers, providing 24/7 technical support. With N+ flagship service centers, Huawei has built a one-hour service radius for its customers.
The ecosystem is a key part for a win-win future of intelligent computing. Huawei works with partners to develop comprehensive E2E solutions and provide customers with one-stop data center services.
During the summit, Huawei and the ASEAN Centre for Energy released a white paper on “Building Next Generation Data Center Facility in ASEAN.” The document provides insights into the status quo, challenges, and trends of data centers in the ASEAN region, and emphasizes that efficient and energy-saving products and solutions should be applied. It also proposes future-oriented policy recommendations for data center markets.
In the ecosystem exhibition area, Huawei showcased scenario-based solutions for large-, medium-, and small-sized data centers, and demonstrated data center consulting, design, integrated development, and delivery capabilities with dozens of ecosystem partners including CIMC, Weichai, CSCEC, and Huashi.
On a special note, the Huawei Outdoor PowerPOD exhibition vehicle made its global debut. The Huawei Outdoor PowerPOD features one power system per container, outdoor deployment, plug-and-play, and high protection rating and reliability. It has become the preferred choice for decoupling the power supply architecture.
A single tree cannot make a forest.
AI is presenting great opportunities. By delving into the industry, aggregating partner ecosystems, and making innovations applicable to transformations, Huawei will continue to help customers build reliable computing infrastructure, accelerating the industry to embrace AI and powering the digital era forward.
Photo – https://mma.prnewswire.com/media/2415818/Global_Data_Center_Facility_Summit_2024.jpg

View original content:https://www.prnewswire.co.uk/news-releases/congregating-in-the-lion-city-for-a-win-win-future-of-intelligent-computing-at-the-global-data-center-facility-summit-2024-302148973.html

Continue Reading

Artificial Intelligence

HOYA Group Company, PENTAX of America, Inc. and MAGENTIQ EYE Ltd. Announce their Intention to Form a Distribution Partnership for the U.S Market

Published

on

hoya-group-company,-pentax-of-america,-inc-and-magentiq-eye-ltd-announce-their-intention-to-form-a-distribution-partnership-for-the-u.s-market

WASHINGTON D.C., May 17, 2024 /PRNewswire/ — HOYA Group Company, PENTAX of America, Inc. (PENTAX Medical) and MAGENTIQ-EYE Ltd., an AI medical device company, announced today their intention to form a partnership in the field of AI in Gastroenterology and to examine further collaboration and strategic partnerships.

Pending field trials and customer demonstrations to be conducted over the next several months, the companies expect to formalize an agreement as a first step in this partnership, by which PENTAX Medical will distribute the MAGENTIQ-COLO™ AI-assisted lesion detection device in the U.S.A. beginning October 1st, 2024. The system will be demonstrated at the upcoming Digestive Disease Week (DDW) in Washington D.C., U.S.A.
MAGENTIQ-COLO™ is a cutting-edge system for the detection of gastrointestinal lesions in colonoscopies. Successfully validated in an international multicenter, randomized, controlled trial (RCT) with 950 enrolled patients at 10 hospitals in Europe, United States and Israel, its outstanding diagnostic capabilities are setting new standards in endoscopic AI.
“We are excited to bring the MAGENTIQ-COLO™ device to the GI community in the U.S. Together with PENTAX Medical’s product portfolio, we are confident to provide a smart solution in colonoscopy and contribute further to colorectal cancer prevention”, says David Harrison, President PENTAX of America, Inc.
“Partnering with PENTAX Medical is an important milestone for us, as it opens new opportunities to introduce our game changing product to the U.S. market, benefiting doctors and their patients and saving more lives”, says Dror Zur, Founder & CEO of MAGENTIQ-EYE.
About MAGENTIQ-EYE Ltd.Founded in 2014, MAGENTIQ-EYE offers a groundbreaking AI-aided colonoscopy solution that offers one of the best performances known today. With worldwide recognition from the gastroenterology community, and dozens of procedures performed every day with the assistance of MAGENTIQ-COLO™, we are setting the new standard of colonoscopy, and saving more and more lives. www.magentiq.com 
About PENTAX Medical
PENTAX Medical is a division of HOYA Group. The company’s mission is to improve the standard of patient care and quality of healthcare delivery by providing the best endoscopic products and services with a focus on QUALITY, CLINICALLY RELEVANT INNOVATION, and SIMPLICITY. PENTAX Medical strives to align with the healthcare community’s Triple Aim goals through transparent partnerships with its customers and by providing the highest quality solutions to help them reach their goals, including enabling customers to improve patient outcomes by offering evidence-based solutions across the continuum of care; ensuring value by supporting the customers to improve their efficiency and minimize their healthcare costs; and enriching patient and provider’s experience by empowering every member of the care team to achieve optimal outcomes through products, education, and support. Focused on the outcome instead of technological features, PENTAX Medical listens to the healthcare community and their patients, understands their daily obstacles and helps improve endoscopy with smart innovations.
For more information: https://www.pentaxmedical.com
About HOYA
Founded in 1941 in Tokyo, Japan, HOYA Corporation is a global technology and med-tech company and a leading supplier of innovative high-tech and medical products. HOYA is active in the fields of lifecare and information technology, providing eyeglasses, medical endoscopes, intraocular lenses, optical lenses, as well as key components for semiconductor devices, LCD panels, and hard disk drives. With over 150 offices and subsidiaries worldwide, HOYA currently employs a multinational workforce of 36,000 people. For more information, please visit: https://www.hoya.com/en/

View original content:https://www.prnewswire.co.uk/news-releases/hoya-group-company-pentax-of-america-inc-and-magentiq-eye-ltd-announce-their-intention-to-form-a-distribution-partnership-for-the-us-market-302148971.html

Continue Reading

Artificial Intelligence

Pearson augments nursing content with generative AI study tools to improve nursing education and address shortages

Published

on

pearson-augments-nursing-content-with-generative-ai-study-tools-to-improve-nursing-education-and-address-shortages

HOBOKEN, N.J., May 17, 2024 /PRNewswire/ — Pearson (FTSE: PSON.L), the world’s leading learning company, today announced the integration of AI study tools into its Nursing: A Concept-Based Approach to Learning series, the only nursing concepts curriculum built from the ground up as a comprehensive, cohesive learning system.

Pearson’s AI study tools combine the power of generative AI technology with trusted Pearson content to provide scaffolded, guided help when students are stuck on homework problems, and personalized explanations, summaries, and practice problems for more efficient studying.
“Integrating AI study tools into our concept-based nursing series enhances the learning experience, giving nursing students and nurse educators the resources they need to efficiently study and master course concepts,” said Anne Fahlgren, GM of Pearson’s professional portfolio. “This technology will help more nursing candidates prepare for and enter the workforce, while also giving nurse educators the means to scale their teaching further, addressing major challenges in nursing education and society.”
The AI study tools beta will be available both in Pearson+ eTextbook and the accompanying MyLab Nursing course in time for Fall 2024. MyLab is an interactive teaching and learning platform, backed by content from Pearson authors. The platform, with integrated eTextbook, allows instructors to design their course, assign homework and assessments, and monitor student progress in real time.
The US is experiencing shortages of nurses and nurse educators. The National Academy of Medicine’s 2021 report on The Future of Nursing: 2020-2030 notes that, in order to provide sufficient care for an aging population over the next decade, a substantial increase in the nursing workforce will be needed that can practice “in community-based settings with diverse populations that face a variety of lived experiences.” The NAM’s report also references hundreds of nursing faculty position vacancies that have contributed to tens of thousands of qualified applicants being turned away from nursing school admission due to the inability to adequately meet student demand.
Concept-based nursing curriculum is designed to focus on key concepts emphasizing a holistic understanding of nursing principles that can be applied across different patient populations, healthcare settings, and situations. This approach strengthens clinical reasoning skills in the course of patient care. Incorporating generative AI tools into Pearson’s concept-based nursing content supports nurse educators in scaling their teaching and students’ ability to study more efficiently.
Dr. Michelle Aebersold, University of Michigan School of Nursing Clinical Professor and contributor to Nursing: A Concept-Based Approach to Learning, said “Technological advancements like generative AI are transforming the nursing profession. The ability to adapt in a rapidly changing environment is a critical healthcare skill, whether it’s in the course of patient care or in preparing our future nurses for the workforce. The ability of the AI study tools to provide a more user-centered, customized experience is a huge benefit for our students. I’m glad they will have access to Pearson’s AI tools that accommodate the variety of ways students learn and provide personalized support in the moment students need it most. This is the future of individualized learning.”
A Fall 2023 survey of students using Pearson’s AI study tools beta showed strong levels of engagement, with 75% of respondents saying the tools were helpful or very helpful to their studies.
The inclusion of generative AI study tools further solidifies Pearson’s dedication to providing the most comprehensive and effective learning and teaching resources for nursing students and nurse educators across the US. Pearson’s AI study tools are already available in more than 30 Pearson Mastering titles and are set to be integrated into more than 40 Pearson+ eTextbooks and MyLab and Mastering titles across math, science, business, and nursing for August of 2024.
Pearson is committed to investing in the responsible application of AI to advance product innovation and enhance the learning experience to educate, certify, and credential students and the workforce.
Pearson product experts are available to demo the AI study tools for members of the media. Please request demonstrations with the media contact below.
About Pearson
At Pearson, our purpose is simple: to add life to a lifetime of learning. We believe that every learning opportunity is a chance for a personal breakthrough. That’s why our c. 18,000 Pearson employees are committed to creating vibrant and enriching learning experiences designed for real-life impact. We are the world’s leading learning company, serving customers in nearly 200 countries with digital content, assessments, qualifications, and data. For us, learning isn’t just what we do. It’s who we are. Visit us at pearsonplc.com.
Media [email protected]
Logo – https://mma.prnewswire.com/media/617186/Pearson_Logo.jpg

View original content:https://www.prnewswire.co.uk/news-releases/pearson-augments-nursing-content-with-generative-ai-study-tools-to-improve-nursing-education-and-address-shortages-302147855.html

Continue Reading

Trending