GLOBAL MEDICAL EQUIPMENT FINANCING MARKET SIZE AND SHARE ANALYSIS - GROWTH TRENDS AND FORECASTS (2024-2031)

Key Developments

• On January 25, 2024, SS Innovations International, Inc., a developer of innovative surgical robotic technologies committed to make robotic surgery affordable and accessible to a global population, announced a collaboration with Medikabazaar, India's leading medical equipment supplier, to facilitate sales of its flagship SSi Mantra Surgical Robotic System to hospitals and medical facilities across India
• In December 2023, The IFC-led Africa Medical Equipment Facility (AMEF) added Shenzhen Mindray Bio-Medical Electronics Co. Ltd., a medical device company, to its growing list of partners, allowing smaller healthcare providers in Côte d'Ivoire and Kenya to more easily access lifesaving, modern medical equipment and supplies. The AMEF collaborates with partner financial institutions and medical equipment manufacturers to provide inexpensive, long-term funding to smaller African healthcare providers.
• In March 2023, building on a highly successful program established in 2018, TIAA Bank and GE HealthCare, a worldwide medical technology company, announced extension of their vendor equipment finance agreement, which will provide innovative financing alternatives to GE HealthCare's US customers
• In November 2022, Santander Bank, N.A., a financial institution, announced an extension of its Commercial Equipment and Vehicle Finance business to offer commercial equipment financing for healthcare organizations. The new nationwide program will provide financing for cutting-edge medical technology and equipment to hospitals, health systems, outpatient clinics, and specialized providers.