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Disposable Hospital Supplies Market Value is Expected to Reach $93.02 Billion by 2023 : COVID 19 Implications And Growth
Disposable Hospital Supplies Market
The global disposable hospital supplies market is expected to grow from $59.7 billion in 2019 to 74.6 billion in 2020 at a compound annual growth rate (CAGR) of 25.0%. The significant growth is mainly due to the COVID-19 outbreak and the measures to contain it. Disposables including masks, wipes, disposable hospital room products, and other standard examination supplies are in huge demand by the care providers with the growing number of COVID-19 cases. On the other hand, face masks are used by population worldwide other than just care providers and patients, as masks provide effective protection against respiratory infections. However, there is a supply and demand gap due to restrictive containment measures impacting the supply chain that is likely challenging the growth. The market is then expected to stabilize and reach $93.02 billion in 2023 at a CAGR of 7.65%.
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The disposable hospital supplies market consists of the sale of disposable hospital supplies and related services. Disposable hospital supplies are products manufactured for single usage and include supplies such as face masks, gowns and gloves among others.
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. According to the World Health Organization report published on the 3rd July 2020, there were 10,719,946 COVID-19 confirmed cases including 323,412 deaths 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 disposable hospital supplies market over the forecast period.
Disposable Hospital Supplies Market Segmentation: -
By Type
Gloves
Drapes
Gowns
Needles
Syringes
Procedure Kits And Trays
Bandages
Masks
By Product
Diagnostic Supplies
Dialysis Consumables
Radiology Consumables
Infusion Products
Incubation & Ventilation Supplies
Hypodermic Products
Sterilization Consumables
Non-Woven Medical Supplies
Wound Care Consumables
Others
By End-users
Hospitals
Clinics/Physician Offices
Assisted Living Centers & Nursing Homes
Ambulatory Surgery Centers
Research Institutes
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Few Points From Table Of Content
1. Executive Summary
2. Disposable Hospital Supplies Market Characteristics
3. Disposable Hospital Supplies Market Size And Growth
4. Disposable Hospital Supplies Market Segmentation
5. Disposable Hospital Supplies Market Regional And Country Analysis
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24. Africa Disposable Hospital Supplies Market
25. Disposable Hospital Supplies Market Competitive Landscape And Company Profiles
26. Key Mergers And Acquisitions In The Disposable Hospital Supplies Market
27. Disposable Hospital Supplies Market Trends And Strategies
28. Disposable Hospital Supplies Market Future Outlook and Potential Analysis
29. Appendix
The report covers the trends and market dynamics of the Disposable Hospital Supplies Market in major countries - Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, and USA. The report also includes consumer surveys and various future opportunities for the market.
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Some of the key players involved in the Disposable Hospital Supplies Market are Abbott Laboratories, Bayer AG, Becton, Dickinson and Company, Cardinal Health Incorporated, Domtar Corporation, 3M, Stryker Corp, Hill-Rom Holdings Inc
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The Business Research Company has published over 1000 industry reports, covering over 2500 market segments and 60 geographies. The reports draw on 150,000 datasets, extensive secondary research, and exclusive insights from interviews with industry leaders. The reports are updated with a detailed analysis of the impact of COVID-19 on various markets after WHO declared COVID-19 as a pandemic.
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