Press release
Hospital Supplies Market to Hit US$ 101.0 Bn by 2027 - BD, Cardinal Health, Terumo Medical Corporation, Boston Scientific Group, 3M Healthcare, B. Braun Melsungen, Nipro Medical Corporation, Baxter, Smiths Medical and GE Healthcare
The global hospital supplies market accounted to US$ 37.9 Bn in 2018 and is expected to grow at a CAGR of 11.9% during the forecast period 2019 – 2027, to account to US$ 101.0 Bn by 2027.Worldwide Hospital Supplies Market Analysis to 2027 is a specialized and in-depth study of the global industry with a focus on the global market trend. The report aims to provide an overview of global Hospital Supplies market with detailed market segmentation by product/application and geography. The global Hospital Supplies market is expected to witness high growth during the forecast period. The report provides key statistics on the market status of the Hospital Supplies players and offers key trends and opportunities in the market.
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Key factors driving the market are increasing incidence of chronic diseases such as diabetes, growing government healthcare expenditure, rise in influence of hospital acquired infections, increasing number of surgical procedures performed and growing geriatric population. However, factors such as, rising adoption of needle free medication, frequent product recalls and stringent regulatory requirements.
The prominent players operating in market are, 3M Healthcare, B. Braun Melsungen AG, BD, Cardinal Health, Terumo Medical Corporation, Boston Scientific Group, Nipro Medical Corporation, Baxter, Smiths Medical and GE Healthcare.
The market players are focused towards bringing new and innovative products to sustain their position in the market. For instance, in April 2019, Cardinal Health Partners with Perioperative Nurse to Alleviate Impact of Heat in the Operating Room. Cardinal Health CoolSource Cooling System, a disposable solution which is designed to keep the OR cool by reducing heat and empowering clinicians to focus more on patient care.
The Hospital Supplies Market report aims to provide a 360-degree view of the market in terms of cutting-edge technology, key developments, drivers, restraints and future trends with impact analysis of these trends on the market for short-term, mid-term and long-term during the forecast period. Further, the report also covers key players profiling with detailed SWOT analysis, financial facts and key developments of products/service from the past three years.
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Reason to Buy
- Save and reduce time carrying out entry-level research by identifying the growth, size, leading players and segments in the global Hospital Supplies Market.
- Highlights key business priorities in order to assist companies to realign their business strategies.
- The key findings and recommendations highlight crucial progressive industry trends in Hospital Supplies Market, thereby allowing players to develop effective long term strategies.
- Develop/modify business expansion plans by using substantial growth offering developed and emerging markets.
- Scrutinize in-depth global market trends and outlook coupled with the factors driving the market, as well as those hindering it.
- Enhance the decision-making process by understanding the strategies that underpin commercial interest with respect to products, segmentation and industry verticals.
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