Table 11: Cardiovascular Devices, Interventional Cardiology in Egypt, Distribution by Revenue ($ mn), 2005-2006 17
Table 12: Cardiovascular Devices, Peripheral Vascular Devices in Egypt, Distribution by Revenue ($ mn), 2005-2006 18
Table 13: Cardiovascular Devices, Cardiac Rhythm Management in Egypt, Distribution by Revenue ($ mn), 2005-2006 19
Table 14: Cardiovascular Devices, Cardiovascular Surgery in Egypt, Distribution by Revenue ($ mn), 2005-2006 19
Table 15: Cardiovascular Devices, Cardiovascular Prosthetic Devices in Egypt, Distribution by Revenue ($ mn), 2005-2006 20
Table 16: Cardiovascular Devices, Cardiovascular Monitoring and Diagnostic Devices in Egypt, Distribution by Revenue ($ mn), 2005-2006 21
Table 17: Cardiovascular Devices in Egypt, Overall, Company Share by Revenue ($ mn), 2005-2006 22
Table 18: Cardiovascular Devices, Interventional Cardiology in Egypt, Company Share by Revenue ($ mn), 2005-2006 23
Table 19: Cardiovascular Devices, Peripheral Vascular Devices in Egypt, Company Share by Revenue ($ mn), 2005-2006 24
Table 20: Cardiovascular Devices, Cardiac Rhythm Management in Egypt, Company Share by Revenue ($ mn), 2005-2006 25
Table 21: Cardiovascular Devices, Cardiovascular Surgery in Egypt, Company Share by Revenue ($ mn), 2005-2006 26
Table 22: Cardiovascular Devices, Cardiovascular Prosthetic Devices in Egypt, Company Share by Revenue ($ mn), 2005-2006 27
Table 23: Cardiovascular Devices, Cardiovascular Monitoring and Diagnostic Devices in Egypt, Company Share by Revenue ($ mn), 2005-2006 28
Table 24: Currency Conversion to USD at 2006 Constant Rate 30
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Used Medical Equipment Ultrasound
We are enjoying the fruits of the exponential growth rate of medical equipment technology. The medical community may now offer diagnoses based on information about a patient's condition that we couldn't accurately obtain using older equipment. The problem is that most organizations capital budgets just can't keep pace with the quickening of technology advances.
The problem is getting worse
If you're like most medical care providers, you are facing the dilemma of how to provide cutting-edge care to your patients but don't have the financial reserves (cash or credit) to make the purchase of new equipment. One could argue that it is economics that slows down the delivery of medical care. Standard accounting practices allow for the assets to be depreciated over five years. What do you do when the equipment needs to be replaced in some amount of time less than five years? One option is to try selling the outdated equipment on eBay or somewhere else in the open market.
There's another solution
There is another option that many astute organizations use. The simply lease the equipment. Why lease? It's all about cash-flow. Typical leasing standards require you to put just 20% down in cash, and there are some rather nimble leasing companies that will allow you to write 100% of the cost of the equipment as operating costs on your firm's balance sheet. By treating the asset as an operating expense you don't have to deal with depreciation on the leased medical equipment. Plus the lease does not show up on your credit report, possibly freeing you to make other necessary purchases.
Is leasing for you?
While most organizations need to be in business for at least 3 years, savvy shoppers can find leasing companies that have no time-in-business requirements. And even without documenting your financials you should be able to enter into leases up to $150,000. By providing a bit of financial information, you can lease items with a much higher dollar figure.
Does this sound like a viable option?
Typical lease terms are two to five years, and are affected by the typical useful life of the item you are leasing for your business. Some leasing companies have the flexibility to buy back newly acquired equipment assets and convert them into leases. Do you normally pay shipping, installation, training and other soft costs on top of the actually hardware? You can search out leasing companies that will include these items in the lease. Have a lease with unfavorable terms? Most do not know it, but you can actually “refinance” leases into one with more favorable terms.
If you're strapped for cash, or just want to conserve it for other business purposes, leasing will enable you to obtain a much needed piece of business (medical or otherwise) equipment without a large outlay of cash.
Both Bharat Book Bureau & Anthony Ferlazzo are contributors for EditorialToday. The above articles have been edited for relevancy and timeliness. All write-ups, reviews, tips and guides published by EditorialToday.com and its partners or affiliates are for informational purposes only. They should not be used for any legal or any other type of advice. We do not endorse any author, contributor, writer or article posted by our team.
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