Hospital Supplies Market Size, Key Players Analysis, Business Growth, Regional Trends, Development Status, Sales Revenue and Comprehensive Research Study Till 2024

The global market for hospital supplies is expected to witness a CAGR of 11.5%. North America was the largest region in the hospital supplies market in 2015, accounting approximately for 50% of the total market share.

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High Demand for Hospital Supplies in Developing Countries
The demand of the hospital supplies market is rising in the developing countries. Countries, like Brazil and India have the lowest hospital bed density figures among the major countries. A high and unmet need for the hospital supplies, like sterilization and disinfectant equipment and patient examination devices, exists in these developing countries. This is generating a huge demand for hospital supplies in developing countries. Further growing healthcare infrastructure and rising government initiative to enhance and expand health care facilities are augmenting the demand for hospital supplies, which is expected to boost the market globally.
The other factors driving the global hospital supplies market include increasing incidences of communal diseases and the growing public awareness about hospital-acquired infections.

Key Developments in the Market
January 2018: Baxter launched the Arisure closed system transfer device to prevent hazardous drug exposure and maintain medication sterility.

Major Players:
The major players include 3M HEALTHCARE, B. BRAUN MELSUNGEN AG, BAXTER INTERNATIONAL, BECTON, DICKINSON, BOSTON SCIENTIFIC GROUP, CARDINAL HEALTH, COVIDIEN, GE HEALTHCARE, JOHNSON & JOHNSON, AND THERMO FISHER SCIENTIFIC, amongst others.

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Emergence of Home Care Services
Many of the healthcare organizations are now partnering with the traditional home healthcare services, or are setting up their own home healthcare services to reduce the procedure and post-procedure costs for the patients. The increase in the usage of home healthcare services, and availability of reimbursement by federal agencies in developed countries, like the United States, are acting as a huge barrier for the hospital supplies market.
The other factors impeding the growth of the market include the stringent regulatory framework and the growth of personalized medicine.

North America is the Leading the Market
North America held the leading position in the market in 2015. The factors attributing to the high market share of North America are the consistent focus on the cost-effective and innovative procedures adopted in the United States, which has shown an increase in the hospital supplies market.

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