The hospital supplies market size is estimated to reach US$ 101,008.7 million by 2027 from US$ 37,938.54 million in 2017; it is expected to grow at a CAGR of 11.9% during 2018-2027. Hospital supplies are medical consumables and equipment used for patient treatment, disinfection, transportation, and primary patient diagnosis. Medical supplies including drugs, pharmaceuticals, products, substances, items or devices whose purchase, possession, maintenance, administration, prescription or security require authorization or order of a licensed healthcare provider or require a permit, registration, certification or other governmental authorization held by a licensed healthcare provider as specified under any federal and/or state law. Medical products include drapes, gloves, procedure trays, needle syringes, operating room tables, lights, thermometers, wheel chairs, stethoscopes, stretchers, and sterilization equipment.

Top Key Players:- 3M HEALTHCARE, B. BRAUN MELSUNGEN AG , BD, CARDINAL HEALTH INC., TERUMO CORPORATION, BOSTON SCIENTIFIC CORPORATION, NIPRO CORPORATION, BAXTER INTERNATIONAL, INC., SMITHS MEDICAL, GE HEALTHCARE

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The hospital supplies market growth is attributed to increasing incidence of hospital-acquired infections, rising occurrences of communicable diseases, improved economic situation in developing countries, and growing incidence of chronic diseases, as well as rise in geriatric population. However, strict regulatory requirements, reduction in health insurance, limited resources for procurement may hinder the growth of market. Moreover, in recent times, it has been observed an increase in popularity of homecare services led to reduction in hospital supplies.

Moreover, in high-income countries, approximately 30% of patients in intensive care units (ICUs) are affected by at least one HAIs. This rate of HAIs is approximately 2–3 folds higher in the low- and middle-income countries. In addition, the WHO claims that newborns are at a higher risk of developing these infections, with infection rates 3–20 times higher in developing countries as compared to high-income countries. As a result of this significant prevalence rate of these infections, the endemic burden of healthcare-associated infections is also turning up higher, majorly among the developing economies. The European Centre for Disease Prevention and Control reports an average prevalence of 7.1% in European countries. The Centre estimates that 4,131,000 patients are affected by approximately 4,544,100 episodes of healthcare-associated infection every year in Europe. Thus, the increasing prevalence of HAIs is expected to create a demand for disposable medical products, thereby promoting the market growth across the world.

REPORT HIGHLIGHTS

Our report on Hospital Supplies Market cover following key parameters:

Comprehensive market analysis at global, regional and country level

Detailed PEST (Political, Economic, Social and Technological) factors impacting the market across key geographic regions such as North America, Europe, Asia Pacific, Middle East & Africa, and South America

Market dynamics (drivers, restraints, opportunities, and future trends) and impact analysis of drivers and restraints at short-term, mid-term and long-term

In-depth market segmentation and deep dive regional and country level analysis of 18+ countries across 5 key regions

Key company profiles and industry landscape to provide latest market initiatives and competitive landscape

Impact of COVID`19 pandemic on ecosystem and the market

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