The Asia Pacific hospital supplies market size is estimated to expand at a significant CAGR during the forecast period, 2021–2028. The growth of the market is attributed to the increasing awareness about hospital acquired infections (HAIs).
A hospital is a healthcare institution that provides patient treatment with specialized nursing staff, medical equipment, and hospital supplies. Hospital supplies include medical equipment and devices, which are supplied to various medical centers, medical institutions, and hospitals for their daily operation.
Hospital supplies constitute medical utility products that serves both patients and medical professionals within the hospital infrastructure. These include hospital equipment, patient aids, transportation & mobility equipment, sterilization & disinfectants, disposable hospital supplies, patient examination devices, operating room equipment, and syringes & needles.
Injection products consist of painless and needle-free injections, which are replacement to conventional injections for faster delivery of drugs, hormone treatments, insulin, and vaccines. Painless injections include microneedle patches to deliver drugs to a patient’s body. Microneedle patches are skin-patches equipped with tiny plastic needles that dissolve within a short period and deliver vaccine painlessly in the form of pressured stream of liquid. These devices are utilized to avoid pain and manage chronic illness such as diabetes. Hospitals also supply other safety enhanced devices along with medical lasers, endoscopes, diagnostic equipment, and dental equipment.
The report on the Asia Pacific hospital supplies market includes an assessment of the market, trends, segments, and regional markets. Overview and dynamics have also been included in the report.
Attributes |
Details |
Report Title |
Hospital Supplies Market - Asia Pacific Industry Analysis, Growth, Share, Size, Trends, and Forecast |
Base Year |
2020 |
Historic Data |
2018–2019 |
Forecast Period |
2021–2028 |
Segmentation |
Types (Physical Examination Devices, Operating Room Equipment, Mobility Aids & Transportation Equipment, Sterilization & Disinfectant Products, Disposable Hospital Supplies, Syringes & Needles, and Others) |
Geographic Scope |
China, Japan, India, Australia, South Korea, and Rest of Asia Pacific |
Report Coverage |
Company Share, Market Analysis and Size, Competitive Landscape, Growth Factors, and Trends, and Revenue Forecast |
Key Players Covered in the Report |
3M, Medtronic, Cardinal Health, Boston Scientific Corporation, and B. Braun Melsungen AG. |
Operating room equipment segment is projected to account for a large market share
On the basis of types, the market is segmented into physical examination devices, operating room equipment, mobility aids & transportation equipment, sterilization & disinfectant products, disposable hospital supplies, syringes & needles, and others. The operating room equipment segment is expected to constitute a key market share during the forecast period owing to increasing demand for equipment among clinicians to operate patients with safety and precision. Conversely, the syringes and needles segment is anticipated to grow at a healthy rate owing to ongoing advancement in the injection administration technology.
China is anticipated to dominate the market
On the basis of geographies, the market is segmented into China, Japan, India, Australia, South Korea and Rest of Asia Pacific. China is projected to dominate the market during the market period owing to the increasing number of hospitals. Moreover, increasing spending of government on healthcare infrastructure is driving the growth of the market in the country.
Key players competing in the Asia Pacific hospital supplies market include 3M, Medtronic, Cardinal Health, Boston Scientific Corporation, and B. Braun Melsungen AG.
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