The global hospital supplies market is projected to grow at a considerable CAGR of over 10% during the forecast period. The increasing prevalence of the chronic disease is estimated to be one of the major factors driving the growth of the global hospital supplies market. Chronic disease includes arthritis, CVDs, asthma, cancer, and chronic obstructive pulmonary disease (COPD). According to the Centers for Disease Control and Prevention (CDC) in 2019, six in every 10 individuals are suffering from chronic diseases in the US. The increasing number of surgeries related to the treatment of these diseases in hospitals has created a huge demand for hospital supplies. Operating room equipment, syringes & needles, catheters, and transportation equipment among others are the major products used at the time of performing surgery, which, in turn, is anticipated to drive the growth of the global hospital supplies market.
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The increasing adoption of advanced technology by the hospitals to provide quality care is further anticipated to promote the market growth of the hospital supplies. The visitors and personnel of hospitals are more prone to acquire the infection as these people come into direct contact with the patients. Therefore, sterilization and disinfectant products are highly utilized in hospitals to mitigate the risk related to the spread of infection. The rising awareness among the common people related to hospital-acquired infections is anticipated to drive the demand for hospital supplies. The developing healthcare infrastructure and increasing government support to offer considerable opportunities for the growth of the hospital supplies market across the globe. However, the advent of home healthcare service, the advancement of personalized medicine, and strict regulatory compliance are anticipated to restrict the growth of the global hospital supplies market.
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- Market Coverage
- Market number available for – 2022-2028
- Base year- 2021
- Forecast period- 2022-2028
- Segment Covered- By Source, By Product Type, By Applications
- Competitive Landscape- Archer Daniels Midland Co., Ingredion Inc., Kerry Group Plc, Cargill Inc., and others
Market Segmentation
Global Hospital Supplies Market by Product Type
- Operating Room Equipment
- Sterilization & Disinfectant Equipment
- Syringes & Needles
- Mobility Aids & Transportation Equipment
- Disposable Hospital Supplies
- Patient Examination Devices
Regional Analysis
- North America
- US
- Canada
- Europe
- UK
- Germany
- Italy
- Spain
- France
- Rest of Europe
- Asia-Pacific
- China
- India
- Japan
- Rest of Asia-Pacific
- Rest of the World
Company Profiles
- 3M Co.
- Abbott Laboratories Inc.
- Advanced Sterilization
- Braun Melsungen AG
- Baxter International Inc.
- Boston Scientific Corp.
- Cardinal Health, Inc.
- GE Healthcare (General Electric Company)
- Johnson & Johnson Services Inc.
- Medline Industries, Inc.
- Medtronic Plc
- Molnlycke Health Care AB
- PerkinElmer Inc.
- Smith & Nephew Plc
- Steris Corp.
- Stryker Corp.
- Terumo Corp.
- Thermo Fisher Scientific Inc.
- Zimmer Biomet Holdings, Inc.
The Report Covers
- Market value data analysis of 2018 and forecast to 2025.
- Annualized market revenues ($ million) for each market segment.
- Country-wise analysis of major geographical regions.
- Key companies operating in the global hospital supplies market. Based on the availability of data, information related to pipeline products, and relevant news is also available in the report.
- Analysis of business strategies by identifying the key market segments positioned for strong growth in the future.
- Analysis of market-entry and market expansion strategies.
- Competitive strategies by identifying ‘who-stands-where’ in the market.
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