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Disposable Hospital Supplies Global Market Demand Analysis, Key Players, Trends, Sales, Supply, Deployment Model Revenue Data And Forecast To 2033
Disposable Hospital Supplies Global Market
The Business Research Company presents an extensive market research report on the Disposable Hospital Supplies Global Market Report 2024, furnishing businesses with a competitive edge through a detailed examination of the market structure, encompassing estimates for various segments and sub-segments.
Furthermore, the report highlights on emerging trends, significant drivers, challenges, and opportunities, providing all necessary data for thriving in the industry. This report market research offers a comprehensive perspective, including an in-depth analysis of the present and future scenarios within the industry.
Market Sizing:
The disposable hospital supplies market size has grown strongly in recent years. It will grow from $30.2 billion in 2023 to $32.04 billion in 2024 at a compound annual growth rate (CAGR) of 6.1%. The growth in the historic period can be attributed to increasing healthcare expenditure, rising incidence of infectious diseases, stringent regulatory standards, growing aging population, globalization of healthcare.
The disposable hospital supplies market size is expected to see strong growth in the next few years. It will grow to $40.05 billion in 2028 at a compound annual growth rate (CAGR) of 5.7%. The growth in the forecast period can be attributed to rising healthcare investments, prevalence of chronic diseases, global pandemic preparedness, evolving regulatory landscape, environmental sustainability initiatives. Major trends in the forecast period include technological innovations, telehealth expansion, advancements in medical technology, increased emphasis on cost efficiency, rising adoption of single-use devices.
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Key Market Players:
Major companies operating in the disposable hospital supplies market report are Cardinal Health Inc., Johnson & Johnson Services Inc., Farbenfabriken Bayer AG, Thermo Fisher Scientific Inc., Abbott Laboratories, 3M Company, Covidien Limited, Medtronic plc, Medline Industries Inc., Kimberly-Clark Corporation, Becton, Dickinson and Company, Stryker Corporation, GE HealthCare Technologies Inc., Baxter International Inc., Boston Scientific Corporation, Owens & Minor Inc., B Braun Melsungen AG, Terumo Corporation, Steris Corporation, Domtar Inc., Nipro Corporation, Hill-Rom Holdings Inc., Getinge AB, Molnlycke Health Care AB, Ansell Healthcare LLC, Sunrise Medical LLC, Avanos Medical Inc., Semperit AG Holding, Invacare Corporation, Advanced Sterilization Products Services Inc.
Market Drivers:
The increasing number of COVID-19 cases across the globe is projected to surge the demand for disposable hospital supplies. The rapid surge in coronavirus cases is generating huge demand for personal protective equipment (PPE) and other disposable supplies to protect healthcare workers from infections in their daily operations. For instance, in September 2023, according to the World Health Organization (WHO) Coronavirus (COVID-19) Dashboard, a France-based specialized agency of the United Nations, there have been 770,563,467 confirmed cases of COVID-19, including 6,957,216 deaths, reported to WHO globally. Therefore, the rise in the number of cases across the globe and the growing need for healthcare workers to be protected against the spread of the virus are anticipated to boost the demand for the disposable hospital supplies market over the forecast period.
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The disposable hospital supplies market covered in this report is segmented -
1) By Type: Gloves, Drapes, Gowns, Needles, Syringes, Procedure Kits And Trays, Bandages, Masks
2) By Product: Diagnostic Supplies, Dialysis Consumables, Radiology Consumables, Infusion Products, Incubation And Ventilation Supplies, Hypodermic Products, Sterilization Consumables, Non-Woven Medical Supplies, Wound Care Consumables, Other Products
3) By End-Users: Hospitals, Clinics Or Physician Offices, Assisted Living Centers And Nursing Homes, Ambulatory Surgery Centers, Research Institutes
The report answers the following questions:
What are the primary factors propelling the market during the projected period?
In which region is the most substantial growth expected?
Which trend will take center stage in the upcoming period?
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