Hospital Supplies Market Size, Industry Analysis Report, Regional Outlook, Application Growth Potential, Competitive Market Growth & Forecast, 2020 - 2026

Report ID: GMI1655




Summary Methodology

Hospital Supplies Market size will witness a considerable growth over the forecast period.
 

Remarkable increase in adoption of disposable hospital supplies across the globe, growing concern about hospital acquired infections (HAIs) should fuel the demand for disposable products. The governments in developed countries are encouraging the use of disposable hospital supplies in order to contain the healthcare costs incurred in treating HAIs. This trend has also resulted in increased adoption of single-use syringes and needles across the world. Growing concern about nosocomial infection will drive demand for sterilization and disinfectant in wound management.
 

Increase in geriatric population, developments in healthcare infrastructure, favorable government initiatives in developing countries to offer better healthcare facilities, technological advancements such as the introduction of specialized operating room tables, Light Emitting Diode (LED) lights for operating rooms, pre-filled syringes, plastic syringes, single-use syringes, and digital thermometers will boost the hospital supplies market’s growth.
 

CDC offers guidelines for hospital supplies. Regulations address the risks of disease transmission; few guidelines exist concerning disinfection and sterilization. Rise of home care services will restrain the market.
 

Based on product, the industry can be segmented into disposable hospital supplies, patient examination devices, syringes and needles, mobility aids and transportation equipment, sterilization and disinfectant equipment, operating room equipment. The disposable hospital supplies sector will lead the market, being the fastest growing sector in the global hospital supplies market.
 

U.S. will drive regional hospital supplies market share due to increasing percentage of the elderly as part of the total global population, mass immunization programs and rise in the patient pool and growing need for insulin and vaccines will drive the market’s growth. Shift from non-disposable to disposable supplies will boost regional market share. Presence of leading supply providers such as Stryker and Medtronic (Covidine) in the region will stimulate industry growth owing to availability of affordable products.
 

European market will witness tremendous growth due to the increase in the number of hospitals, rapidly growing aging population and the rising awareness about hospital-acquired infections (HAIs). In UK, the disposable hospital supplies category was the largest category, reduced spending by the government will hamper the market growth in the region.
 

Disposable supplies held the majority share of the domestic healthcare equipment & supplies in China. Moreover, China is the major exporter of low technology based medical device equipment worldwide. China has one of the fastest aging populations in Asia with approximately 111 million people above 65 years of age.  Widespread variety of development and investment opportunities for emerging players seeking to be a part of hospital supplies market, constant advancement in the market will boost the market size. 
 

Brazil’s population is growing and its average age is increasing quickly, due to improvements in health and sanitation standards and expanded access to healthcare services. Both the public and private healthcare systems receive government funding. Increasing healthcare expenditures by the Brazilian government coupled with technological advancement will drive the hospital supplies market in the region.
 

South African market will witness tremendous growth due the development and advancement of hospitals through public-private partnerships. Needles, Syringes and catheters remain to account for the foremost share for hospital supplies in South Africa. Factors such as convenience and safety, effective reduction in risk of cross-contamination due to Single-use disposable medical supplies will drive the MEA market size.
 

Notable industry participants in the Hospital Supplies market include Medtronic (Covidine), Stryker, Baxter, Johnson & Johnson, Fresenius, Boston Scientific, BD, 3M, B. Braun, Smith & Nephew, Terumo Corporation, Abbott, Novartis, Smiths Group. Weigao, Lohmann & Rauscher, Ansell. Partnership with regional companies, acquisition and new product launches are commonly used strategies by industry players.
 


What Information does this report contain?

Historical data coverage: 2015 to 2019; Growth Projections: 2020 to 2026.
Expert analysis: industry, governing, innovation and technological trends; factors impacting development; drawbacks, SWOT.
6-7 year performance forecasts: major segments covering applications, top products and geographies.
Competitive landscape reporting: market leaders and important players, competencies and capacities of these companies in terms of production as well as sustainability and prospects.


Customize this Report

Pre Book Now

Need a Discount? Get in touch with us for special pricing

Request Discount

Our Market Research Reports Include:

  • Market snapshot
  • Market Segmentation
  • Value Chain Analysis
  • Growth Dynamics
  • Potential Market Opportunities
  • Regulatory Overview
  • Technology Evolution
  • Innovation & Sustainability

Connect with our sales team

Benefits of Association

Data Coverage & Quality

GMI reports provide the most comprehensive coverage of any focus industry, ensuring a holistic and deep understanding of the market, along with actionable and granular data. We also take pride in our commitment to quality and strive to ensure that our clients get their moneys worth.

Client Trust & Security

GMI maintains strict code of conduct as a business and is committed to ensure that the privacy and trust of our clients are always maintained. As an organization, we also strive to be fully compliant with privacy laws, PCI and information security guidelines.

Customer Service

Our customers rely on us to produce accurate, reliable and timely information. Service orientation is a key mission for us as an organization; our process is guided by the desire to ensure that our clients are provided the best possible solutions in optimal timeframe. GMI stands by its commitment to service, providing timely assistance in both pre-sales and post-sales support for our clients.

GMIPulse, our report store

We have introduced ‘GMIPulse’, which is our report store; designed to offer clients a one-stop platform for all market research and business intelligence requirements. Clients can access reports, presentations, raw data excel sheets as well as detailed company profiles. GMIPulse allows you to track relevant industries and stay informed with latest innovation, competitive and regulatory developments to help design strategic framework.

Chat with us
We use cookies to enhance your experience. By continuing to visit this site you agree to our use of cookies. More info X