The China hospital supplies market size is anticipated to expand at a robust CAGR during the forecast period, 2021-2028. The growth of the market is attributed to increasing incidence of communal diseases coupled with the growing public awareness about hospital-acquired infections. Moreover, the growing healthcare infrastructure is driving the market growth.
A standard set of supplies is required in a hospital to provide comprehensive treatment to patients. For instance, stretchers are used for transporting patients, while defibrillators are commonly used in life-threatening situations such as cardiac arrhythmias defibrillators, which helps in restoring normal rhythm of the heart. Anesthesia machines are designed to provide an accurate and continuous supply of medical gases to maintain a proper level of anesthesia to a patient. Modern anesthesia machines include ventilators, suction units, and patient-monitoring devices.
Patient monitoring devices are standard pieces of medical equipment that keep accurate track of a patient’s condition after surgery. Another crucial piece of supply for hospitals are sterilizers. They kill all forms of microbial life including fungi, bacteria, viruses, spores, and all other entities present on surgical tools and other medical items.
Electrocardiogram (EKG) machines record the electrical activity of the heart over a period of time and allow healthcare providers to monitor the overall rhythm of the heart and identify any abnormalities. For patient surgical procedures, surgical tables are also vital part of the hospital.
Market Trends, Drivers, Restraints, and Opportunities:
- Rising hospitalization rate is one of the major drivers that is contributing to the growth of the China hospital supplies market.
- High incidence rate of inflammatory and communal diseases such as pneumococcal disease and sexually transmitted diseases is expected to augment the market growth.
- Growing preference for home care services can restrain the growth of the market.
- The emerging trend of telehealth services can create challenges for the market growth.
- Growing number of local players can create challenges for the foreign players who wants to enter the market in China.
- Increasing government investment on the healthcare infrastructure is anticipated to positively influence the market growth.
- Stringent regulations led by government state bodies can hinder the market growth.
- The outbreak of COVID-19 increased the burden on the healthcare sector. This, in turn, had grown the demand for hospital supplies such as ventilators, stretchers, disinfectants, and disposable equipment. Thus, the pandemic has boosted the growth of the market.
Scope of the Report
The report on the China hospital supplies market includes an assessment of the market, trends, segments, and markets. Overview and dynamics have also been included in the report.
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Attributes
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Details
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Report Title
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China Hospital Supplies Market - Industry Analysis, Growth, Share, Size, Trends, and Forecast
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Base Year
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2020
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Historic Data
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2018–2019
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Forecast Period
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2021–2028
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Segmentation
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Products (Patient Examination Devices, Operating Room Equipment, Mobility Aids and Transportation Equipment, Sterilization and Disinfectant Equipment, Disposable Hospital Supplies, Syringes and Needles, and Others)
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Report Coverage
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Company Share, Market Analysis and Size, Competitive Landscape, Growth Factors, and Trends, and Revenue Forecast
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Key Players Covered in the Report
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Cardinal Health, B Braun, 3M, Medtronic Plc, and Johnson & Johnson
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China Hospital Supplies Market Segment Insights:
Disposable Hospital Supplies segment to account a major market share
Based on products, the market is divided into patient examination devices, operating room equipment, mobility aids and transportation equipment, sterilization and disinfectant equipment, disposable hospital supplies, syringes and needles, and others. The disposable hospital supplies segment is anticipated to account for a major market share due the increasing burden of chronic diseases such as cardiovascular diseases, which is majorly increasing the demand for disposables. Disposable hospital supplies are one-time use products, such as consumables, medical apparatus, and disposable devices, which are consumed in large amount across China.
The sterilization and disinfectant equipment segment is anticipated to exhibit a high CAGR owing to the COVID-19 outbreak, which has encouraged healthcare workers to frequently disinfect the hospitals. On the other hand, the mobility aids and transportation equipment segment is expected to grow at a healthy rate due to the increasing prevalence of new viruses in the country.
Segments
Segments Covered in the Report
The China hospital supplies have been segmented on the basis of
Products
- Patient Examination Devices
- Operating Room Equipment
- Mobility Aids and Transportation Equipment
- Sterilization and Disinfectant Equipment
- Disposable Hospital Supplies
- Syringes and Needles
- Others
Country
Key Players
- Cardinal Health
- B Braun
- 3M
- Medtronic Plc
- Johnson & Johnson
Competitive Landscape
The major players of the market are Cardinal Health, B Braun, 3M, Medtronic Plc, and Johnson & Johnson.
Companies are investing in various public and private organizations, and also focusing on joint ventures and acquisitions to expand their market share. Moreover, they’re partnering with state government agencies to increase their revenue.
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