Rising awareness pertaining to hospital-acquired infections and growing incidences of communicable diseases and is propelling market growth.
Market Size – USD 35.21 Billion in 2019, Market Growth – CAGR of 12.3%, Market Trends – Growing product demand from developing nations.
The global Hospital Equipment and Supplies market size is estimated to reach USD 84.60 billion to 2027 from USD 35.21 billion in 2019, delivering a CAGR of 12.3%. The market growth is driven by a huge demand for disposable supplies from hospitals all across the globe to avoid HAIs (hospital-acquired infections) and limit their spread. The proliferation of innovative medical technologies, along with better diagnostic techniques, is also supporting the growth of the global hospital equipment and supplies industry.
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The report puts an emphasis on the information regarding the key players with a special focus on their company profile, business overview, recent advancements, product catalog, and strategic business plans. It provides a comprehensive overview of the strategic alliances in the market under taken by the key players such as mergers and acquisitions, joint ventures, collaborations, partnerships, agreements, product launches, brand promotions, and corporate deals, among others.
Key companies operating in the market and profiled in the report include:
Johnson & Johnson, Medtronic, Baxter International, Boston Scientific Corporation, Smith & Nephew, GE Healthcare, Stryker Corporation, Thermo Fisher Scientific, Covidien, and B Braun.
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The Hospital Equipment and Supplies market takes into account major geographical locations such as North America, Europe, Asia Pacific, Latin America, and Middle East & Africa to offer key insights into market growth, market size, market share, revenue growth, current and emerging trends, supply and demand ratio, import/export, consumer demand and behavior, and presence of key players in each region. The report offers an in-depth country wise analysis to impart better understanding of the market and its growth prospects.
Segments Covered in the report
Product Outlook (Revenue, USD Billion; 2017-2027)
- Disposable Hospital Supplies
- Drapes
- Gloves
- Gowns
- Procedure Kits and Trays
- Mobility Aids and Transportation Equipment
- Stretchers
- Wheelchairs
- Operating Equipment
- Operating Room Lights
- Operating Room Tables
- Patient Examination Devices
- Stethoscope
- Thermometer
- Sterilization and Disinfectant Equipment
- Chemical Sterilization
- Physical Sterilization
- Radiation Sterilization
- Syringes and Needles
- General Syringes
- Specialized Syringes
Expenditure Type Outlook (Revenue, USD Billion; 2017-2027)
- Public Hospitals
- Private-Profit Hospitals
- Private-Non Profit Hospitals
Distribution Channel Outlook (Revenue, USD Billion; 2017-2027)
- Pharmacies
- Retail Medical Stores
- Online Retailers
Key Regions Analyzed in the Report include:
- North America
- U.S.
- Canada
- Mexico
- Europe
- Germany
- U.K.
- Italy
- France
- BENELUX
- Rest of Europe
- Asia Pacific
- China
- India
- Japan
- South Korea
- Rest of APAC
- Latin America
- Brazil
- Rest of LATAM
- Middle East & Africa
- Saudi Arabia
- U.A.E.
- South Africa
- Rest of MEA
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Furthermore, it consists information about individual segment of the Hospital Equipment and Supplies market based on the types and application. The report also offers insights about the key segments expected to register significant revenue growth over the forecast period and primary trends influencing their growth. It also offers CAGR and market share values for each segment to provide clear understanding of demand and trend in the global market.
Key Benefits of the Report:
- Comprehensive overview of the changing dynamics of competitive landscape
- Detail oriented futuristic prospects of factors driving and restraining growth of the market
- Valuable insights on key market growth driving trends and monetary competence in the forecast period
- Strategic recommendations to key players and new entrants to overcome barriers and challenges in the market
- Revenue forecasts for the period of 2024-2027
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