The Hospital Supplies Market cover

The Hospital Supplies Market by Products (Operating Room Equipment, Mobility Aids & Transportation Equipment, Patient Examination Devices, Sterilization & Disinfectant Equipment, Disposable Hospital Supplies, Syringes and Needles, and Others), and Regions (Asia Pacific, North America, Latin America, Europe, and Middle East & Africa) - Global Industry Analysis, Growth, Share, Size, Trends, and Forecast 2021 – 2028

  • Report ID: HC-3235
  • Author: Growth Market Reports
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  • No. Of Pages: 196
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The global hospital supplies market size is projected to expand at a high CAGR during the forecast period, 2021–2028. The growth of the market is attributed to the increasing chronic illness and rising instances of accidents, natural calamities, and others.

The Hospital Supplies Market summary

A growing healthcare infrastructure and rising government initiatives to improve and expand health care facilities are increasing demand for hospital supplies, which is expected to boost the global market.

The ageing of the American population is undeniably increasing demand for quality healthcare rising communicable disorders and hospital-acquired infections are likely to boost market expansion. According to the Centers for Disease Control and Prevention, catheter-associated urinary tract infections were recorded in about 3,679 hospitals in the United States in 2017.

In 2018 UN COMTRADE reported that, the United States imported more than $29 billion in medical equipment. China was the primary supplier of these commodities, accounting for around 28% of the total. The European Union was the second most important supplier, accounting for 18% of total imports.

Europe is a key global center for the medical equipment sector. Many European countries, on the other hand, export their products to foreign markets and rely on imports to feed the local healthcare business. Manufacturers of in-demand technology will discover that their items are highly welcomed.

Countries in the European Union are battling COVID-19, which will likely prohibit the US from depending on this source to enhance medical products imports. Indeed, as reported by the Peterson Institute, the European Union has put export restrictions on critical medical equipment.

Accordance with EU rules on testing and immunization the voluntary Joint Procurement Agreement for Medical Countermeasures allows for the purchasing of critical medical supplies and equipment in a group setting. Joint procurement assists Member States in combating the COVID-19 pandemic in.

Since early 2020, up to 36 nations have taken part in twelve joint procurement procedures, resulting in over 200 contracts allowing governments to acquire crucial medical supplies and breakthrough treatments worth almost €13 billion. When undertaking joint procurements, the European Commission serves as a coordinator, while EU member nations acquire the products.

China has mostly recovered and has resumed exporting these items, although its supply remains restricted. The United States is also vying for Chinese products with other nations affected by the COVID-19 situation.

In India, healthcare is delivered through basic, intermediate, and higher care facilities. According to current projections, India will require up to 1.75 million more hospital beds by the end of 2025, creating an opportunity for international corporations to establish hospitals in India through foreign direct investment (FDI). According to industry sources, the hospital business in India is developing at a compound annual growth rate of 16 to 17 percent and is predicted to reach $130 billion by 2022-23.

WHO had received reports of around 160 million confirmed COVID-19 infections and 3.3 million fatalities the global pandemic situation leads to rise in demand for hospital supplies such as personal protective equipment (PPE), ventilators, high-quality medical devices but due supply chain disruption face a high unmet need.

Market Trends, Drivers, Restraints, and Opportunities

Scope of the Report

The report on the global 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 - Global Industry Analysis, Growth, Share, Size, Trends, and Forecast

Base Year

2020

Historic Data

2018–2019

Forecast Period

2021–2028

Segmentation

Products (Operating Room Equipment, Mobility Aids & Transportation Equipment, Patient Examination Devices, Sterilization & Disinfectant Equipment, Disposable Hospital Supplies, Syringes and Needles, and Others)

Regional Scope

Asia Pacific, North America, Latin America, Europe, and Middle East & Africa

Report Coverage

Company Share, Market Analysis and Size, Competitive Landscape, Growth Factors, and Trends, and Revenue Forecast

Key Players Covered in the Report

Medtronic PLC; B Braun Melsugen AG; 3M Healthcare; Boston Scientific Corporation; Cardinal Health Inc.

Global Hospital Supplies Market Segment Insights

The disposable hospital supplies segment is projected to hold a major market share

Based on products, the hospital supplies market is divided into operating room equipment, mobility aids & transportation equipment, patient examination devices, sterilization & disinfectant equipment, disposable hospital supplies, syringes and needles, and others. The disposable hospital supplies segments are expected to represent a key share of the market during the forecast period owing to rising demand for single-use items including medical equipment, consumables, and disposable gadgets that are used in huge quantities throughout all hospitals. Suction catheters, hypodermic needles, exam gowns, surgical sponges, bandages and wraps, face masks, gloves, and needles are all used by medical workers in a variety of settings, ranging from cleaning to surgical theatres, and in some cases, administrative departments.

The Hospital Supplies Market product

North America is anticipated to dominate the market

On the basis of regions, the hospital supplies market is classified as Asia Pacific, North America, Latin America, Europe, and Middle East & Africa. The market of North America is anticipated to expand at an impressive CAGR during the forecast period. The regional market growth can be attributed to is the growing communal diseases and hospital-acquired infections are expected to drive market growth.

The Hospital Supplies Market region

Segments

Segments Covered in the Report

The global hospital supplies market has been segmented on the basis of

Products

  • Operating Room Equipment
  • Mobility Aids & Transportation Equipment
  • Patient Examination Devices
  • Sterilization & Disinfectant Equipment
  • Disposable Hospital Supplies
  • Syringes and Needles
  • Others

Regions

  • Asia Pacific
  • North America
  • Latin America
  • Europe
  • Middle East & Africa

Key Players

  • Medtronic PLC
  • B Braun Melsugen AG
  • 3M Healthcare
  • Boston Scientific Corporation
  • Cardinal Health Inc

Competitive Landscape

Key players competing in the hospital supplies market include Medtronic PLC; B Braun Melsugen AG; 3M Healthcare; Boston Scientific Corporation; Cardinal Health Inc.
Some of these players are coming up with several market including as mergers, acquisitions, partnerships, collaborations, capacity expansion, and product launches to enhance their market shares.

The Hospital Supplies Market keyplayers

1. Executive Summary
2. Assumptions and Acronyms Used
3. Research Methodology
4. Hospital Supplies Market Overview
  4.1. Introduction
     4.1.1. Market Taxonomy
     4.1.2. Market Definition
  4.2. Macro-Economic Factors
     4.2.1. Industry Outlook
  4.3. Hospital Supplies Market Dynamics
     4.3.1. Market Drivers
     4.3.2. Market Restraints
     4.3.3. Opportunity
     4.3.4. Market Trends
  4.4. Hospital Supplies Market - Supply Chain
  4.5. Global Hospital Supplies Market Forecast
     4.5.1. Hospital Supplies Market Size (US$ Mn) and Y-o-Y Growth
     4.5.2. Hospital Supplies Market Size (000’ Units) and Y-o-Y Growth
     4.5.3. Hospital Supplies Market Absolute $ Opportunity
5. Global Hospital Supplies Market Analysis and Forecast by Region
  5.1. Market Trends
  5.2. Introduction
     5.2.1. Basis Point Share (BPS) Analysis by Region
     5.2.2. Y-o-Y Growth Projections by Region
  5.3. Hospital Supplies Market Size and Volume Forecast by Region
     5.3.1. North America
     5.3.2. Latin America
     5.3.3. Europe
     5.3.4. Asia Pacific
     5.3.5. Middle East and Africa (MEA)
  5.4. Absolute $ Opportunity Assessment by Region
  5.5. Market Attractiveness/Growth Potential Analysis by Region
  5.6. Global Hospital Supplies Demand Share Forecast, 2019-2026
6. North America Hospital Supplies Market Analysis and Forecast
  6.1. Introduction
     6.1.1. Basis Point Share (BPS) Analysis by Country
     6.1.2. Y-o-Y Growth Projections by Country
  6.2. North America Hospital Supplies Market Size and Volume Forecast by Country
     6.2.1. U.S.
     6.2.2. Canada
  6.3. Absolute $ Opportunity Assessment by Country
  6.4. Market Attractiveness/Growth Potential Analysis
     6.4.1. By Country
     6.4.2. By Product Type
     6.4.3. By Application
  6.5. North America Hospital Supplies Demand Share Forecast, 2019-2026
7. Latin America Hospital Supplies Market Analysis and Forecast
  7.1. Introduction
     7.1.1. Basis Point Share (BPS) Analysis by Country
     7.1.2. Y-o-Y Growth Projections by Country
     7.1.3. Latin America Average Pricing Analysis
  7.2. Latin America Hospital Supplies Market Size and Volume Forecast by Country
      7.2.1. Brazil
      7.2.2. Mexico
      7.2.3. Rest of Latin America
   7.3. Absolute $ Opportunity Assessment by Country
  7.4. Market Attractiveness/Growth Potential Analysis
     7.4.1. By Country
     7.4.2. By Product Type
     7.4.3. By Application
  7.5. Latin America Hospital Supplies Demand Share Forecast, 2019-2026
8. Europe Hospital Supplies Market Analysis and Forecast
  8.1. Introduction
     8.1.1. Basis Point Share (BPS) Analysis by Country
     8.1.2. Y-o-Y Growth Projections by Country
     8.1.3. Europe Average Pricing Analysis
  8.2. Europe Hospital Supplies Market Size and Volume Forecast by Country
     8.2.1. Germany
     8.2.2. France
     8.2.3. Italy
     8.2.4. U.K.
     8.2.5. Spain
     8.2.6. Russia
     8.2.7. Rest of Europe
  8.3. Absolute $ Opportunity Assessment by Country
  8.4. Market Attractiveness/Growth Potential Analysis
     8.4.1. By Country
     8.4.2. By Product Type
     8.4.3. By Application
  8.5. Europe Hospital Supplies Demand Share Forecast, 2019-2026
9. Asia Pacific Hospital Supplies Market Analysis and Forecast
  9.1. Introduction
     9.1.1. Basis Point Share (BPS) Analysis by Country
     9.1.2. Y-o-Y Growth Projections by Country
     9.1.3. Asia Pacific Average Pricing Analysis
  9.2. Asia Pacific Hospital Supplies Market Size and Volume Forecast by Country
     9.2.1. China
     9.2.2. Japan
     9.2.3. South Korea
     9.2.4. India
     9.2.5. Australia
     9.2.6. Rest of Asia Pacific (APAC)
  9.3. Absolute $ Opportunity Assessment by Country
  9.4. Market Attractiveness/Growth Potential Analysis
     9.4.1. By Country
     9.4.2. By Product Type
     9.4.3. By Application
  9.5. Asia Pacific Hospital Supplies Demand Share Forecast, 2019-2026
10. Middle East & Africa Hospital Supplies Market Analysis and Forecast
  10.1. Introduction
     10.1.1. Basis Point Share (BPS) Analysis by Country
     10.1.2. Y-o-Y Growth Projections by Country
     10.1.3. Middle East & Africa Average Pricing Analysis
  10.2. Middle East & Africa Hospital Supplies Market Size and Volume Forecast by Country
     10.2.1. Saudi Arabia
     10.2.2. South Africa
     10.2.3. UAE
     10.2.4. Rest of Middle East & Africa (MEA)
  10.3. Absolute $ Opportunity Assessment by Country
  10.4. Market Attractiveness/Growth Potential Analysis
     10.4.1. By Country
     10.4.2. By Product Type
     10.4.3. By Application
  10.5. Middle East & Africa Hospital Supplies Demand Share Forecast, 2019-2026
11. Competition Landscape
  11.1. Global Hospital Supplies Market: Market Share Analysis
  11.2. Hospital Supplies Distributors and Customers
  11.3. Hospital Supplies Market: Competitive Dashboard
  11.4. Company Profiles (Details: Overview, Financials, Developments, Strategy)
     11.4.1. Medtronic PLC
     11.4.2. B Braun Melsugen AG
     11.4.3. 3M Healthcare
     11.4.4. Boston Scientific Corporation
     11.4.5. Cardinal Health Inc

Segments Covered in the Report

The global hospital supplies market has been segmented on the basis of

Products

  • Operating Room Equipment
  • Mobility Aids & Transportation Equipment
  • Patient Examination Devices
  • Sterilization & Disinfectant Equipment
  • Disposable Hospital Supplies
  • Syringes and Needles
  • Others

Regions

  • Asia Pacific
  • North America
  • Latin America
  • Europe
  • Middle East & Africa

Key Players

  • Medtronic PLC
  • B Braun Melsugen AG
  • 3M Healthcare
  • Boston Scientific Corporation
  • Cardinal Health Inc

Key players competing in the hospital supplies market include Medtronic PLC; B Braun Melsugen AG; 3M Healthcare; Boston Scientific Corporation; Cardinal Health Inc.
Some of these players are coming up with several market including as mergers, acquisitions, partnerships, collaborations, capacity expansion, and product launches to enhance their market shares.

The Hospital Supplies Market keyplayers

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