Canada Hospital Supplies Market 2019 with Top 10 Players as Cardinal Health Inc. and 3M Healthcare. Other leading vendors include Boston Scientific and B. Braun Melsungen

Canada’s hospital supplies market is poised to reach USD 28.8 billion by 2024, growing at a CAGR of 6.6%. Hospital medical equipment and supplies include various devices, tools, instruments, and medical consumables that are used in hospitals and healthcare establishments.

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The Canadian hospital supplies market is increasing at a substantial rate due to the upsurge in the number of hospitals, rapidly increasing aging population, and the increasing awareness about hospital-acquired infections (HAIs).

Scope of the Report
Hospital supplies are medical equipment and consumables that are used in hospitals and clinics for the treatment, transportation, disinfection, and preliminary diagnosis of patients. Hospital supplies include medical products, such as gowns, drapes, gloves, procedure trays, operating room tables, operating room lights, needles syringes, thermometers, stethoscopes, stretchers, wheel chairs, sterilization equipment, and syringes and needles.

Competitive Landscape
The leading vendors of hospital supplies in the Canadian region include Cardinal Health Inc. and 3M Healthcare. Other leading vendors include Boston Scientific and B. Braun Melsungen. The disposable hospital supplies market in Canada includes both big companies as well as many small companies. The companies have presences in different segments, including gowns, gloves, drapes, and procedure trays.

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There have been advancements in technology which have improved the functionality of hospital supplies, resulting in the increased adoption of hospital supplies, such as needles and syringes, gloves, drapes, and gowns. Almost all procedures in hospitals include some type of hospital supplies, underlining the importance of the hospital supplies market.

Patient Examination Devices led the market in 2018
Based on the type of product, the market is led by patient examination devices. The growing geriatric population and increasing incidence of hospital acquired infection is fuelling the growth of this product segment.
The patient examination devices are capital equipment which requires high initial capital. Consequently, their replacement rate is fairly low and over the forecast period, the growth rate of this product segment will lower significantly.

Disposable Hospital Supplies to have the highest growth
Over the forecast period, the fastest growing sub-segment under the type of product segmentation is expected to be disposable hospital supplies. The growth in the number of outpatient visits in Canada is primarily due to the increasing prevalence of acute infections and is the main propellant for the high growth of disposable hospital supplies.

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