Hospital Supplies Market Analysis 2024 -2033: Forecasted Market Size, Top Segments, And Largest Region | Becton, Dickinson and Company, B. Braun Melsungen AG, Steris plc, Baxter International Inc

The Business Research Company has updated its global market reports, featuring the latest data for 2024 and projections up to 2033

The Business Research Company offers in-depth market insights through Hospital Supplies Global Market Report 2024, providing businesses with a competitive advantage by thoroughly analyzing the market structure, including estimates for numerous segments and sub-segments.

Market Size And Growth Forecast:
The hospital supplies market size has grown strongly in recent years. It will grow from $59.7 billion in 2023 to $63.93 billion in 2024 at a compound annual growth rate (CAGR) of 7.1%. The growth in the historic period can be attributed to healthcare infrastructure development, aging population, regulatory compliance, economic growth, advances in medical device and supply technology .

The hospital supplies market size is expected to see strong growth in the next few years. It will grow to $82.29 billion in 2028 at a compound annual growth rate (CAGR) of 6.5%. The growth in the forecast period can be attributed to pandemic preparedness, telemedicine and remote monitoring, sustainability initiatives, value-based care, emerging markets growth. Major trends in the forecast period include single-use medical devices, remote supply chain management, 3D printing of medical supplies, smart hospital supplies, customized and personalized supplies.

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Market Segmentation:
The main types of hospital supplies are disposable hospital supplies, sterilization equipment, disinfectants, mobility aids, transportation equipment, and operating room equipment. Disposable hospital supplies are products that can be disposed of after single use and are intended to be used temporarily or only once. They are simple to operate and do not require maintenance and sterilization. The type of expenditure is public and private. The products used are instruments/equipment and disposables. The end-users are hospitals and clinics, diagnostic laboratories, and others.

Major Driver - Expanding Hospital Infrastructure Drives Surge In Demand For Hospital Supplies Market
The increased number of hospitals is expected to propel the growth of the hospital supplies market going forward. A hospital is a facility dedicated to providing medical or surgical treatment to individuals who are ill or have sustained injuries. Hospitals rely on an extensive array of medical supplies and equipment to deliver high-quality care to their patients. For instance, in May 2023, according to a report published by the American Hospital Association (AHA), a US-based healthcare trade organization representing hospitals and health care networks, the total number of hospitals increased to 6,129, compared to 6,093 in 2022. Moreover, total admissions in all U.S. hospitals reached 34,011,386 compared to 33,356,853 in 2022. Therefore, the increased number of hospitals is expected to propel the growth of the hospital supplies market.

Competitive Landscape:
Major companies operating in the hospital supplies market include Becton, Dickinson and Company, B. Braun Melsungen AG, Steris plc, Baxter International Inc., Stryker Corporation, Cardinal Health Inc., Hill-Rom Holdings Inc., Terumo Corporation, Medtronic plc, 3M Company, CVS Health Corporation, McKesson Corporation, Cencora Inc., GE HealthCare Technologies Inc., Koninklijke Philips NV, Boston Scientific Corporation, Danaher Corporation, Varian Medical Systems Inc., Dentsply Sirona Inc., Masimo Corporation, Olympus Corporation, ResMed Inc., Smith & Nephew plc, Align Technology Inc., The Cooper Companies Inc., Teleflex Incorporated, Waters Corporation, West Pharmaceutical Services Inc., Straumann Group, Fresenius Medical Care AG & Co KGaA.

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Top Trend - Innovative Hospital Sterile Container System
Major companies operating in the Hospital Supplies market are focused on developing innovative products, such as the AESCULAP Aicon Sterile Container System, to increase the profitability in the market. The AESCULAP Aicon Sterile Container System is designed to streamline processes and reduce the possibility of wetting. For instance, in March 2022, Aesculap Inc., a US-based manufacturer of surgical instruments, launched its AESCULAP Aicon Sterile Container System. The sterile container system is engineered to simplify procedures and minimize the risk of sets becoming damp. The AESCULAP Aicon Sterile Container System ensures 100% sterilization and lowers the chances of operating room surgical delays resulting from sets not being ready.

The Table Of Content For The Market Report Include:
1. Executive Summary
2. Hospital Supplies Market Characteristics
3. Hospital Supplies Market Trends And Strategies
4. Hospital Supplies Market - Macro Economic Scenario
5. Hospital Supplies Market Size And Growth
…..
27. Hospital Supplies Market Competitor Landscape And Company Profiles
28. Key Mergers And Acquisitions
29. Future Outlook and Potential Analysis
30. Appendix

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