Hospital Supplies Market Research Report- Opportunities & Challenges in Near Future by with Different Segments, Forecast- 2027

According to a new market research study titled ‘Hospital Supplies Market - Global Analysis and Forecasts by Type, The Global Hospital Supplies Market is expected to reach US$ 101.0 Bn in 2027 from US$ 37.9 Bn in 2018. The market is estimated to grow with a CAGR of 11.9% from 2019-2027. The report highlights the trends prevalent in the global hospital supplies market and the factors driving the market along with those that act as deterrents to its growth.

Global hospital supplies market, based on the type was segmented into syringes, patient examination devices, mobility aids and transportation equipment, operating room equipment, sterilization and disinfectant equipment and disposable hospital supplies. In 2018, the disposable hospital supplies segment held the largest share of the market, by type. This segment is also expected to dominate the market in 2027 owing to high demand for hospital disposables and growing number of multispecialty hospitals. Moreover, the syringes hospital supplies segment is anticipated to witness the significant growth rate of 12.7% during the forecast period owing to the factors such as rising prevalence of chronic diseases and infectious diseases that triggers increased utilization of medical test for diseases diagnosis, which further requires intravenous modes of injection using syringes.

Download Study Sample Report

Key factors driving the market are increasing incidence of chronic diseases such as diabetes, growing government healthcare expenditure, rise in influence of hospital acquired infections, increasing number of surgical procedures performed and growing geriatric population. However, factors such as, rising adoption of needle free medication, frequent product recalls and stringent regulatory requirements.

Some of the prominent players operating in market are, 3M Healthcare, B. Braun Melsungen AG, BD, Cardinal Health, Terumo Medical Corporation, Boston Scientific Group, Nipro Medical Corporation, Baxter, Smiths Medical and GE Healthcare. The market players are focused towards bringing new and innovative products to sustain their position in the market. For instance, in April 2019, Cardinal Health Partners with Perioperative Nurse to Alleviate Impact of Heat in the Operating Room. Cardinal Health CoolSource Cooling System, a disposable solution which is designed to keep the OR cool by reducing heat and empowering clinicians to focus more on patient care.

The report segments the global hospital supplies market as follows:

Global Hospital Supplies Market – By Type

• Syringes
  Generalized Syringes
  Specialized Syringes
  Insulin Syringes
  Allergy Syringes
  Tuberculin Syringes
  Other Syringes
  Patient Examination Devices
  Mobility Aids and Transportation Equipment
  Operating Room Equipment
  Sterilization and Disinfectant Equipment
  Disposable Hospital Supplies
  

Global Hospital Supplies Market – By Geography

• North America
• U.S.
  Canada
  Mexico
  
• Europe
• U.K.
  Germany
  France
  Italy
  Spain
  
• Asia Pacific (APAC)
• Japan
  China
  India
  Australia
  South Korea
  
• Middle East & Africa (MEA)
• South Africa
  UAE
  Saudi Arabia
  
• South & Central America (SCAM)
• Brazil
  Argentina
  

To Know More Request Sample Report

Source : THE INSIGHT PARTNERS