About the Medical Equipment Industry
Companies in this industry manufacture medical equipment and supplies, including surgical and medical instruments, dental equipment, and surgical appliances. Major companies include Baxter International, Boston Scientific, Johnson & Johnson, and Medtronic (all based in the US), as well as B. Braun (Germany), PRIM (Spain), Smith & Nephew (UK), and Terumo (Japan).
Global revenue for makers of medical equipment and supplies is about $350 billion. Major markets include the US, Japan, Germany, France, and Italy.
The US medical equipment and supplies manufacturing industry includes about 11,000 companies with combined annual revenue of about $90 billion. Moderate growth is forecast for the next two years. Key growth drivers include advances in technology and the increasing number of people over 65 who will increasingly need medical care.
Medical equipment and supplies manufacturers produce surgical, ophthalmic, and dental instruments and disposable supplies (syringes, gloves) used in the medical field. The industry doesn't include the manufacture of x-ray or electromedical equipment and devices, such as ultrasound equipment, pacemakers, and electrocardiographs, which is covered in a separate industry profile.
Vendor Finance Program
If you are a medical equipment manufacturer or reseller and are interested in the many benefits of offering TechEFI financial services, just visit our Vendor Partner Program page.
Offering leasing and finance options to your customers and prospects can significantly increase revenues and close more sales for you and your sales team. Leasing helps you maintain highers margins, fewer discounts, and can improve more support and maintenance revenues.
Contact us today about this valuable and essential vendor program.
Tech Equipment Finance Will Lease Or Finance All Types Of Medical Equipment... New or Used
Tech Equipment Finance Has A Lease That Will Make You Feel Much Better...
When it comes to medical equipment and record systems, Tech Equipment Finance knows how to structure the best financial instrument for your needs.
Just fill-out one Tech Equipment Finance Lease Application and get plenty of rest because you will need your strength to handle all of the new business and benefits coming your way with the new equipment. With TechEFI, you'll immediately feel much better about your equipment acquisition or rental.
Many medical facilities and practices have different needs related to capital equipment budgets.
Contact us today for a no obligation assessment of your equipment finance needs.