Medical Loans Market Report 2026

The medical loans market size has grown rapidly in recent years. It will grow from $211.04 billion in 2025 to $234.67 billion in 2026 at a compound annual growth rate (CAGR) of 11.2%. The growth in the historic period can be attributed to rising healthcare treatment costs, increasing out-of-pocket medical expenses, expansion of private healthcare services, growing use of personal loans for medical needs, limited insurance coverage for specialized treatments.

The medical loans market size is expected to see rapid growth in the next few years. It will grow to $357.04 billion in 2030 at a compound annual growth rate (CAGR) of 11.1%. The growth in the forecast period can be attributed to increasing adoption of embedded finance in healthcare, rising demand for fast medical credit approvals, expansion of partnerships with healthcare providers, growing focus on inclusive healthcare financing, increased use of ai-based credit scoring. Major trends in the forecast period include increasing adoption of digital medical lending platforms, rising demand for flexible repayment loan structures, growing integration of instant credit assessment tools, expansion of point-of-care financing solutions, enhanced focus on patient-centric financing models.

The rise in health insurance premiums is expected to drive the growth of the medical loans market. Health insurance premiums are the amounts paid by individuals or employers to maintain an active health insurance policy, usually on a monthly basis. The increase in these premiums is driven by factors such as medical cost inflation, increased utilization of services, advancements in medical technology, and rising administrative costs. Higher premiums and out-of-pocket expenses can lead individuals to delay medical care until it becomes urgent. When they eventually seek treatment, the costs may be higher due to the severity of untreated conditions, prompting the need for medical loans to cover these expenses. For example, in October 2023, the Kaiser Family Foundation (KFF), a US-based nonprofit organization providing health information and analysis, reported that in 2023, the average annual health insurance premium was $8,435 for single coverage and $23,968 for family coverage, marking a 7% increase from the previous year. Thus, rising health insurance premiums are fueling the growth of the medical loans market.

Key players in the medical loans market are focusing on innovative solutions, such as fintech apps, to simplify the loan application process, improve financial management, offer instant approvals, and provide tailored financing for medical expenses. Fintech apps are digital tools that use technology to enhance financial services, including loan management, payments, and personal finance, thereby improving access to financial resources. For instance, in April 2024, Third Unicorn, an India-based fintech startup, launched ZeroPe, an advanced app offering instant medical loans up to Rs 5 lakh ($5,972). ZeroPe aims to provide seamless financing options for medical expenses, enhancing accessibility and affordability by directly transferring the approved amount to the chosen hospital on behalf of the user.

In May 2024, BharatX, an India-based Buy Now Pay Later (BNPL) startup, acquired Zenifi for an undisclosed amount. This acquisition enables BharatX to leverage Zenifi’s expertise and credit platform to expand into India's growing medical lending sector. Zenifi is a healthcare finance startup based in India, specializing in medical loan services.

Major companies operating in the medical loans market are CareCredit LLC, LendingClub Patient Solutions, GreenSky LLC, ClearBalance Healthcare, Alphaeon Credit Inc., United Credit, Plexus Financial Services LLC, Advance Care Card, Prosper Funding LLC, Avant LLC, OneMain Holdings Inc., U.S. Bancorp, HDFC Bank Limited, KeyCorp, Regions Financial Corporation, SoFi Technologies Inc., Lending Tree Inc., Upstart Holdings, NewDay USA, Citizens Bank N.A., Wells Fargo & Company.

North America was the largest region in the medical loans market in 2025. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the medical loans market report are Asia-Pacific, South East Asia, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. The countries covered in the medical loans market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Taiwan, Russia, South Korea, UK, USA, Canada, Italy, Spain.

The medical loans market includes revenues earned by entities by providing services such as personal medical loans, healthcare financing, medical credit cards, patient financing, patient assistance programs and medical bill consolidation. The market value includes the value of related goods sold by the service provider or included within the service offering. Only goods and services traded between entities or sold to end consumers are included.

The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD unless otherwise specified).

The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.

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