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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.

Hospital supplies are medical equipment used in clinics and hospitals for treatment, disinfection, transportation, and preliminary diagnosis of patients, which include gloves, drapes, procedure trays, needles & syringes, and operating room tables, among others.
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.

Globally, the increasing prevalence of chronic disorders is surging the demand for hospital supplies market. Geriatrics are highly susceptible to chronic disorders, further increasing the need for proper care. As per the statistics provided by the National Health Council (NHC), around 133 million Americans suffer from one or more chronic ailments, and the number is estimated to reach 157 million by 2030. As per the WHO, the world’s population aged 60 years and above is expected to reach 2 billion by 2050.

The healthcare facilities are taking several steps, such as the use of sterile and disposable materials and medical supplies, to prevent and decelerate the incidence of hospital-associated infections. Governments in the developing countries are actively working to promote the use of disposable medical equipment to reduce the treatment costs, further rising the demand for single-use syringes and needles.  

The increasing prevalence of chronic and autoimmune diseases is compelling the global healthcare sector to adopt technologically advanced equipment and supplies. 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.

The disposable medical supplies segment dominates the hospital supplies market. The disposable hospital products comprise medical equipment and portable machines, extensively used across the healthcare sector. Rising prevalence of hospital-acquired infections prompts the need for effective disposable medical supplies.  As per the study ‘Nosocomial Pneumonia,’ in 2019, about 90% of the patients in ICUs were at risk of contracting nosocomial pneumonia, which further necessitates the use of disposable surgical gowns, boots, and face mask, among others. Rising awareness about hospital-acquired infections is prompting the need for hygiene in hospitals, further driving the segment growth.

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The Major Prominent 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

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

NOTE: Our analysts monitoring the situation across the globe explains that the market will generate remunerative prospects for producers post the COVID-19 crisis. The report aims to provide an additional illustration of the latest scenario, economic slowdown, and COVID-19 impact on the overall industry.

Geographically, this report is segmented into several key regions, with sales, revenue, market share and growth rate of Steerable Medical Devices in these regions, from 2019 to 2029, covering:
North America (United States, Canada and Mexico)
Europe (Germany, UK, France, Italy, Russia and Turkey etc.)
Asia-Pacific (China, Japan, Korea, India, Australia, Indonesia, Thailand, Philippines, Malaysia and Vietnam)
South America (Brazil, Argentina, Columbia etc.)
Middle East and Africa (Saudi Arabia, UAE, Egypt, Nigeria and South Africa)

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Key Hospital Supplies Market Trends:
- The report identifies, determines, and forecasts the Global Hospital Supplies Market segments based on their type, sub-type, technology used, applications, end-users, and regions.
- Industry to Industry Holds Largest Share in the Hospital Supplies Market
- It examines the micro-markets based on their growth trends, development patterns, future prospects, and contribution to the overall market.
- Demand from Regional / geographical is Expected to Drive the Growth
- Rising Adoption of Market Segments in this Growth
- North American, Europe is Expected to Witness Higher Growth Rate over the Forecast Period
- It studies the competitive developments such as partnerships and collaborations, mergers and acquisitions (M&A), research and development (R&D) activities, product developments, and expansions in the Global Hospital Supplies Market.

Key Questions Answered in The Report:
What will the Hospital Supplies market growth rate?
What are the key factors driving the global Hospital Supplies market?
Who are the key manufacturers in the Hospital Supplies market space?
What are the market opportunities, market risk, and market overview of the Hospital Supplies market?
What are sales, revenue, and price analysis of top manufacturers of the Hospital Supplies market?
Who are the distributors, traders, and dealers of the Hospital Supplies market?
What are the market opportunities and threats faced by the vendors in the global Steerable Medical Devices Industry?
What are sales, revenue, and price analysis by types and applications of the Hospital Supplies Industry?
What are sales, revenue, and price analysis by regions of Hospital Supplies industry?
What are the driving factors contributing to market growth during the short, medium, and long term?

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