Kyiv, Ukraine (December 12, 2019) – Medical equipment leasing has the potential to accelerate health care reform in Ukraine, create positive health outcomes for Ukrainians, and support small and medium private clinics and hospitals to upgrade their diagnostic services. This is the conclusion of a joint USAID Financial Sector Transformation Project and Ukrainian Union of Lessors market survey.
The survey provides a profile of the medical equipment market in Ukraine and places it in the context of global health care trends. It notes that there is an increase in small, private health care facilities in Ukraine due to recent government reforms, but that these clinics and hospitals often lack the finance to upgrade technology. Most of these enterprises are operating on their own capital, without access to bank loans or other types of finance.
Natalia Pedos, Leasing Market Development Expert of the USAID Financial Sector Transformation Project, said, “The market for medical equipment will continue to expand globally and in Ukraine over the next five years. This conclusion is supported by both global and Ukrainian trends: aging and growing populations, exponential advances in innovative but expensive digital technologies, growing emphasis on preventative medicine and small clinics. The medical equipment market in Ukraine in 2018 was an estimated USD $405.8 million. Almost $400 million of this market was imports. The sustainability of this market requires financing, and leasing is a good option.”
Oleksandr Koscheev, Chairman of the Board, the Association “Ukrainian Union of Lessors” (UUL), said, “Small health care facilities have a common problem: lack of access to finance for active expansion. Bank loans are hard to get and expensive, the domestic capital market is shallow, and there is a limited choice of instruments to raise investment capital. Our members should take a close look at this market opportunity. Perhaps we can work with the government and the international financial institutions to design some programs for dedicated funds to support medical equipment leasing.”
The complete report is available here .
###
Association Ukrainian Union of Lessors (UUL) was founded in 2005 as a voluntarily union of professional participants of the leasing market. The nonprofit Association’s primary objective is to promote development of the open and equal-accessible market of operational and financial leasing in Ukraine by co-ordination of enterprises’ activities in order to protected shared interests. Currently, the UUL unites 27 companies, among them leading leasing companies and representatives of contiguous markets. The UUL is the only professional association in the industry, with members representing over 80% of Ukraine’s finance lease market. For additional information about UUL, please contact Maryna Masich, CEO, at: +38 (093) 381 51 00; [email protected]. You may also visit its website at: http://uul.com.ua/en/
USAID has partnered with Ukraine since 1992, providing more than $3 billion in assistance. USAID’s current strategic priorities include strengthening democracy and good governance, promoting economic development and energy security, improving health care systems, and mitigating the effects of the conflict in the east. For additional information about USAID in Ukraine, please visit its website: http://www.usaid.gov/ukraine or its Facebook page at https://www.facebook.com/USAIDUkraine.
The USAID Financial Sector Transformation Project supports financial sector reform in Ukraine and provides technical assistance in consumer finance, legal and regulatory reform, access to finance in the non-bank financial sector; digital finance solutions; and financial inclusion and consumer protection. For more information about the USAID Financial Sector Transformation Project and its activities, please visit http://www.fst-ua.info/en/ and/or: https://www.facebook.com/FSTProject.