Types of Medical Equipment

What Are the Various Types of Medical Equipment

August 22, 2022 • 7395 views

As medical technology advances, there are more types of medical equipment to choose from. This is a great news for patients who will have the opportunity to receive quality medical care and assistance from highly trained medical professionals who utilize the latest equipment in advanced medical procedures. As a result, it is important for doctors to know what different types of medical equipment are available in the market, their functionality, and how they all work coherently together to be able to assist and treat the patient accordingly. 
For doctors starting their own clinic or hospital, the vast knowledge about medical equipment is crucial too as it would help them to decide which equipment to invest in and how to upgrade them in future.  

Types of Medical Equipment

 1.    Diagnostic Equipment 
Diagnostic devices are used to determine the nature or origin of a specific phenomenon, which is usually related to a medical issue. Diagnostic devices include magnetic resonance imaging equipment, temperature monitors, and pacemakers. Based on the symptoms, the diagnostic test is performed, and the proper tool is utilized to evaluate the patient internally. It is also utilized when doctors or technicians are looking for the source of an abnormality in diseased bodily organs or parts that are showing noticeable symptoms. 
2.    Durable Medical Equipment (DME) 
The DME is primarily used to provide therapeutic benefits for specific conditions or illnesses that must be prescribed by a physician. Durable Medical Equipment is a long-lasting and reusable device that can be used in the hospital or at home to treat patients.
The long-lasting medical equipment has undergone a series of tests and is guaranteed of quality; they are also specially designed to provide optimum aid for the safety and wellness of the patients for a longer duration. The features of DME include non-slip and load-bearing strength, and the cost of purchasing one is usually covered by health insurance plans. Manual wheelchairs or electric wheelchairs, hospital beds, nebulizers, stationary or portable oxygen tanks and insulin pumps are few of the common DME in the market today. 
3.    Treatment Equipment 
These devices are typically intended to address a specific medical issue. They use cutting-edge technology to correct any abnormalities in the damaged organs or tissues and restore their function. Examples of treatment equipment include medical lasers, surgical gloves, caps, gowns, and glasses. 
4.    Life Support Equipment 
This type of medical equipment is used to keep a patient's bodily functions intact. Without life support, the patient's organs or systems will struggle to function on their own, and there are a range of life support technologies available in the medical sector today. Few common equipment you can find in hospitals are Dialysis Machine, Incubators and Heart-lung Machines. 
5.    Medical Laboratory Equipment 
These are specialized sorts of lab equipment known as medical laboratory gadgets that are used in all types of medical clinics or diagnostic laboratories to analyze urine, blood, genes, and other biological material. Like Blood collection supplies, Electrolyte analyzers, Drug testing analyzers, Coagulation analyzers and so on. 

Medical Equipment Loan for Hospitals/Doctor/Clinic/Lab

Medical equipment has a variety of duties and goals, but they are all designed to protect and provide care to patients. You may simply finance any equipment of your choice with a Poonawalla Fincorp Medical Equipment Loan, keeping your medical practice modern and thus having an edge over your competitors.
Medical Equipment Loan for Hospitals, clinic or laboratory can be used in a variety of ways, some of them include: 

  • To purchase new equipment 
  • To spend money on modern equipment so that top-notch care can be provided 
  • The improvement and modernization of operational systems 
  • To acquire superior laboratory tools 

Apply for Medical Equipment Loan

How to Apply for Medical Equipment Loan?

 Here’s how you can apply for Medical Equipment Loan from Poonawalla Fincorp in 5 easy steps:
1.    Online Application: Go to the official website of Poonawalla Fincorp and then click on Apply Now button to fill in the application form.
2.    Submit relevant documents: Upload and scan the necessary documents online such as your identity, address, and income proofs. 
3.    Verification Process: Wait for your application to get processed for verification.
4.    Fast Approval: You get your loan approved in a quick and hassle-free process.
5.    Instant Disbursal: That’s all! Your Loan is instantly credited to your bank account. 

Why go with a Medical Equipment Loan from Poonawalla Fincorp?

At Poonawalla Fincorp, we have tailored our Medical Equipment Loan to meet your demands for modernizing and expanding your medical practice's so you can provide top-notch healthcare services to your patients without straining your cash flow. Since we are aware of your urgent demands of the latest medical equipment, we provide competitively priced, fully transparent Medical Equipment Loans. Following are the key features and benefits of these loans:
•    A larger loan amount of up to ?3 crores.
•    Enjoy principal moratorium of up to 2 years. 
•    Ease of using an online process 
•    Affordable interest rates 
•    Flexible repayment tenure from 1 year to 7 years 
•    No additional fees ensuring complete disclosure 
•    Minimal paperwork for a simple process  
Take advantage of our minimal documentation requirements, easy eligibility requirements, and convenient features like adjustable payback terms, no prepayment penalties, and end-to-end doorstep service.



We take utmost care to provide information based on internal data and reliable sources. However, this article and associated web pages provide generic information for reference purposes only. Readers must make an informed decision by reviewing the products offered and the terms and conditions. Medical Equiment Loan disbursal is at the sole discretion of Poonawalla Fincorp.
*Terms and Conditions apply

poonawalla fincorp team

Poonawalla Fincorp Team

Our team of expert writers and editors are passionate about providing authentic and valuable information on finance. Our aim is to simplify financial and finance-related concepts. We strive to help our readers become more aware and empowered to make informed financial decisions.

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