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Hospital Supplies Market is thriving Worldwide with Medtronic (Covidine), Stryker, Baxter etc.

09-28-2021 12:18 PM CET | Logistics & Transport

Press release from: StraitsResearch

Hospital Supplies Market

Hospital Supplies Market

The hospital supplies market was valued at USD 35.20 billion in 2019 and is expected to grow with a CAGR of 11.7% during the forecast period.

The hospital Supplies Market is predicted to expand rapidly altogether development areas over the forecast period between 2021 and 2029. Hospital Supplies Market report focuses on the main drivers and restraints for the key players and presents competition status with growth prospects. Hospital Supplies Market report is professional and in-depth research by experts on the present state of the Hospital Supplies Industry. Hospital Supplies marketing research report provides the most recent industry data and industry future trends, allowing you to spot the products and end users driving Revenue growth and profitability.

Growing cases of hospital-acquired infections (HAI) are subsequently surging the adoption of disposable medical supplies across the globe. The prevalence of nosocomial infections in developed and developing countries is 7% and 10%, respectively. As per the World Health Organization(WHO), globally, about 15% of the hospital patients suffer from viral, bacterial, and fungal infections. HAI Prevalence Survey findings released in 2014 state that in the U.S., around 75,000 deaths were reported during hospitalization due to health-related infections. Governments in the developing countries are channelizing efforts to equip the healthcare facilities with advanced supplies, such as light-emitting diode (LED), plastic syringes, single-use syringes, and automated thermometers, to provide better patient care.

In Asia Pacific, Africa, and Latin America, the healthcare sector is still in the developing stage. In India, there is less than one bed per 1000 patients available in India, and the WHO’s standard requirement is about 2.7 beds per 1000 patients. This huge deficit between demand and supply of hospital supplies in developing countries is offering lucrative opportunities for the expansion of private hospitals. For instance, Apollo Hospitals Enterprise Ltd., expanded from a 150-bed facility in 1983 to providing over 9,500 beds in 69 hospitals in 2016. Apart from this, increasing numbers of surgeries are surging the demand for surgical gowns, gloves, drapes, feeding tubes, and procedural kits and trays, further driving the market growth.

Grab a Free Sample PDF copy of the Hospital Supplies Market Report 2021 @ 
https://straitsresearch.com/report/hospital-supplies-market/

The Major Players Covered in this Report: Medtronic (Covidine), Stryker, Baxter, Johnson & Johnson, Fresenius, Boston Scientific, BD, 3M, Braun, Smith & Nephew, Terumo Corporation, Abbott, Novartis, Smiths Group, Weigao, Lohmann& Rauscher, Ansell ,, & More...

By Product Type, Operating room equipment, Patient examination devices, Mobility aids and transportation equipment, Sterilization and disinfectant equipment, Disposable hospital supplies, Syringes and needles

Growing Domestic Demand and Expanding Pharmaceutical Sector to Drive the Demand for Hospital Supplies in the APAC Region
Asia-Pacific region is anticipated to hold the largest market share in the global Hospital Supplies market during the forecast period 2021-2029. The growth in this region can be attributed to the presence of emerging economies like India, China, Japan, Vietnam, and Indonesia, which account for the largest share in this region. India is one of the largest producers of Hospital Supplies and a major exporter of the product to various countries across the globe. India accounts for around 80% of the world’s exports of Hospital Supplies. The favorable climatic conditions and growth of agricultural inputs and allied services like cold storage and warehousing in India are prompting higher production.

The report covers exhaustive analysis on:
Overview of the parent market
Global Hospital Supplies Market Segments, Dynamics, Market Size, Share, Price, Volume, and Cost
Historical, current and projected market size in terms of volume and value
Global Hospital Supplies Market Forecast 2021 to 2029
Supply & Demand Value Chain
Global Hospital Supplies Market dynamics, including the current trends/drivers/threats/restraints/challenges
Potential and niche segments/regions exhibiting promising growth
Market landscape, competition, and leading companies involved
Strategies of leading companies and product offerings
Technological advancements

Key questions answered in this report:
What will be the market size by the end of the forecast period?
What are the factors driving the growth of the market?
What are the trends and developments that are likely to drive the growth of the market?
Who are the key players operating in the market?
What are the challenges, threats, and opportunities faced by the leading players?
What are the strengths and weaknesses of the key players of the market?

Would you like to discuss Hospital Supplies Market challenges with the experts at Straits Research?

For more details, please contact us -
Straits Research
Email: sales@straitsresearch.com
Address: 825 3rd Avenue, New York, NY 10022
Tel: +1 646 480 7505, +44 208 068 9665
Website: https://straitsresearch.com/

About Us:
Regardless of whether you're looking at business sectors in the next town or crosswise over continents, we understand the significance of being acquainted with what customers purchase. We overcome the issues of our customers by recognizing and deciphering just the target group, while simultaneously generating leads with the highest precision. We seek to collaborate with our customers to deliver a broad spectrum of results through a blend of market and business research approaches. This approach of using various research and analysis strategies enable us to determine greater insights by eliminating the research costs.

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