Hospital Supplies Market to Account to +US$ 101.0 Bn up to 2027 Lead By : 3M Healthcare, BD, Cardinal Health, Boston Scientific Group,Baxter, Smiths Medical,GE Healthcare
According to a new market research study titled ‘Hospital Supplies Market - Global Analysis and Forecasts by Type, The Global Hospital Supplies Market is expected to reach US$ 101.0 Bn in 2027 from US$ 37.9 Bn in 2018. The market is estimated to grow with a CAGR of 11.9% from 2019-2027. The report highlights the trends prevalent in the global hospital supplies market and the factors driving the market along with those that act as deterrents to its growth.
Get Sample Copy Of This Report at: https://www.theinsightpartners.com/sample/TIPRE00003520/?opsp
Some of 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.
2019: Safe-T- Lance Plus safety lancets from Smiths Medical provide retractable safety technology for capillary blood sampling. Automatic retraction reduces needlestick injuries and cross-contamination exposure.
2018: Smiths Medical announced launched of its three products EchoGlo Peripheral Nerve Block (PNB) Needles and Catheters, CADD Infusion Systems with NRFit Connector and CADD-Solis Ambulatory Infusion Pump at the annual meeting American Society of Regional Anesthesia and Pain Management Medicine, New York.
2017: Cardinal Health completed the acquisition of Medtronic's Patient Care, Deep Vein Thrombosis and Nutritional Insufficiency business for $6.1 billion.
Get Instant Discount In This Report at: https://www.theinsightpartners.com/discount/TIPRE00003520/?opsp
The report segments the global hospital supplies market as follows:
• Global Hospital Supplies Market – By Type
o Patient Examination Devices
o Mobility Aids and Transportation Equipment
o Operating Room Equipment
o Sterilization and Disinfectant Equipment
o Disposable Hospital Supplies
• Global Hospital Supplies Market – By Geography
• North America
• Asia Pacific (APAC)
• Middle East & Africa (MEA)
• South & Central America (SCAM)
Asia Pacific market is expected to grow at highest rate during the forecast period owing increasing prevalence of chronic diseases, rising geriatric population, rise in influence of hospital acquired infections and growing government healthcare expenditure. In addition, emergence of new local players with competitive product portfolio and increasing number of surgical procedures performed are expected to fuel the market growth in Asia Pacific region.
Rising Incidence of Chronic Diseases is expected to boost the market growth over the years:-
Chronic diseases, including diabetes, cancer, heart disease, and obesity, are the leading causes of death in the world and account for most of the nation’s health care costs. According to the International Diabetes Federation (IDF), in 2017, number of people with diabetes in North America was approximately 46 million which is expected to grow at 62 million in 2045. The increase in the disease prevalence is around 35% during the forecast period. According to report of CDC, in 2018, approximately more than 9% of the population has diabetes, which is the leading cause of kidney failure, lower-limb amputations in US. Moreover, the data also suggests that 1.5 million Americans are diagnosed with diabetes every year in the US. Similar trends for high presence of diabetes are prevalent around other geographies of the globe that include Asia Pacific, Europe, Middle East and Africa. For instance, according to IDF Diabetes Atlas published by the International Diabetes Federation in 2017, south-east Asia is home to approximately one-fifth (19%) of the total diabetes population worldwide.
Also, according to the World Health Organization in 2018, cancer was the second leading cause of death across the globe, and is responsible for an estimated 9.6 million deaths in 2018. Furthermore, the American Cancer Society estimated that in 2018, 1,735,350 new cancer cases were diagnosed in 2018.
Increasing Incidence of Hospital-Acquired Infections:-
Hospital acquired infections affects the patients not only during their stay in the hospitals, but also post patient’s discharge from hospitals. Moreover, these occupational infections are observed to be common in within the hospital and nursing staff too. According to the World Health Organization (WHO), hundreds of millions of patients are affected by healthcare associated infections every year leading to significant morbidity and mortality around the world. The WHO Healthcare Associated Infections fact sheet of 2016 suggests that of every 100 hospitalized patients at a given time, 7 in the developed countries and 10 in developing countries acquires at least one hospital acquired infection.
The global hospital supplies market, based on type is segmented into syringes, patient examination devices, mobility aids and transportation equipment, operating room equipment, sterilization and disinfectant equipment and disposable hospital supplies. In 2018, the disposable hospital supplies segment held the largest share of the market, by type. This segment is also expected to dominate the market in 2027 owing to high demand for hospital disposables and growing number of multispecialty hospitals. Moreover, the syringes segment is anticipated to witness the significant growth rate of 12.7% during the forecast period.
Want To BUY This Report at: https://www.theinsightpartners.com/buy/TIPRE00003520/?opsp
The Insight Partners is a one stop industry research provider of actionable intelligence. We help our clients in getting solutions to their research requirements through our syndicated and consulting research services.
We are committed to providing highest quality research and consulting services to our customers. We help our clients understand key market trends, identify opportunities, and make informed decisions by providing market research solutions at an affordable cost.
The Insight partners,
This release was published on openPR.
Permanent link to this press release:
Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.
You can edit or delete your press release Hospital Supplies Market to Account to +US$ 101.0 Bn up to 2027 Lead By : 3M Healthcare, BD, Cardinal Health, Boston Scientific Group,Baxter, Smiths Medical,GE Healthcare here
News-ID: 1761248 • Views: 567
More Releases from The Insight Partners
New Study on PC as a Service Market to 2027 - Lenovo, Dell, Hewlett Packard Ente …
The analysis of the global PC as a Service Market 2027 is an in-depth study of the PC as a Service industry, which focuses on global market trends. The report aims to provide an overview of the global market for PC as a Service with detailed market segmentation by product / application and by region. The global market for PC as a Service is expected to experience strong Growth over
New Syudy on IoT Gateway Market to 2027 - AAEON Technology, Adlink Technology, A …
The analysis of the global IoT Gateway Market 2027 is an in-depth study of the IoT Gateway industry, which focuses on global market trends. The report aims to provide an overview of the global market for IoT Gateway with detailed market segmentation by product / application and by region. The global market for IoT Gateway is expected to experience strong Growth over the forecast period. The reports cover key market developments
Enterprise Content Management System Market Projected to Garner Significant Reve …
The Industry Report “Enterprise Content Management System Market” provides a clear picture of the Current Market Scenario which includes past and estimated future size with respect to value and volume, technological advancement, macro economical and governing factors in the Enterprise Content Management System market. Enterprise Content Management System is a tool that provides a centralized platform to hold the content and manage it in such a way that it meets regulatory
Li-Fi Enabled Communication System Market to Witness an Outstanding Growth durin …
Growing demand for cost and energy efficient wireless communication systems to drive the Li-Fi Enabled Communication System market worldwide With the technological advancements in the digital world and the existing wireless communication infrastructures proving to be incapable of handling the predicted surge in the number of connected devices as well as the data traffic over the network, the search for new emerging communication system with better data traffic handling capabilities has
More Releases for Hospital
Hospital-based EMR Market
Electronic medical record (EMR) is a digital version of a paper chart, which contains a patient's medical history. This system is designed to share information with other healthcare providers such as laboratories and specialists. It helps to reduce operational cost such as transcription services and overtime labor expenses. Get Sample PDF of Report@ https://www.alliedmarketresearch.com/request-toc-and-sample/3219 Increase in demand for advanced health monitoring systems drives the growth of the market. In addition, rise in
Hospital Logistics Robots Market 2018
Hospital logistics robots comprise autonomous guided vehicles (AGVs) and mobile robot platforms. These are used for managing the flow of goods such as laboratory samples, food, pharmaceuticals, environmental waste, and laundry inside hospital premises. Download FREE Sample of this Report @ https://www.grandresearchstore.com/report-sample/global-hospital-logistics-robots-2018-2023-863 This report focuses on the Hospital Logistics Robots in global market, especially in North America, Europe and Asia-Pacific, South America, Middle East and Africa. This report categorizes the market based
Hospital Privacy Screens
Business NEWS 2018 : Hospital Privacy screens are designed to provide privacy and protection and create more pleasant environment for patients in private clinics, hospitals, nursing homes, and specialty care centers. It is one of the best alternatives to the curtains, which is the source of infection that cannot be cleaned regularly, as its hard surface can be wiped and disinfected regularly, thus eliminating the need to remove, launder, and
Lotus Eye Care Hospital
Lotus Eye Care Hospital Lotus Eye Care Hospital- Company Profile & Financial Analysis” contains in depth information and data about the company and its operations. You will find information on the business structure, areas of operation, products and services offered by the company. It also comprises SWOT analysis, key ratios, historical financial data and insider’s view on financial stability and industrial ranking with financial forecasts for two- year period. This report is
Neuromed hospital grows
Mitsubishi Electric Hydronics & IT Cooling Systems, with its brand Climaveneta, provided air conditioning units to the new clinic belonging to Neuromed Institute in Italy, after having successfully supplied other units to the same hospital in the past years. Five years after laying the first stone, the new clinic of the Neurology Institute was inaugurated on October 27th. The Hospital boasts a high degree of specialization in Neurosurgery, Neurology, and all
The Hospital undergoing surgery
Gustavo Frickle Hospital is a new 92,000 sqm building in Viña del mar, Chile. This modern 11-storey structure with 554 rooms, clinical wards and an heliport, will be inaugurated in March 2017. Providing patients and medical personnel with ideal temperature and humidity conditions as well as huge amount of sanitary hot water, achieving these with reduced acoustic emissions and highest efficiency, are the key challenges for the HVAC system of the