North America to Lead the Hospital Supplies Market

Fri, 22 May 2020 4:55

The hospital supplies market is anticipated to witness significant growth. Rising cases of minimally invasive surgeries are subsequently driving the demand for disposable medical supplies. Improvement in healthcare infection control standards is prompting the need for effective hospital supplies to secure patient safety.

Increasing cases of surgical and hospital-acquired infections are driving the demand for disposable medical supplies to ensure health and hygiene. Governments across the globe are actively organizing hygiene awareness campaigns to encourage the use of disposable medical supplies. In London, the government has organized glove awareness week to raise awareness about skin safety and proper use of gloves.

Got questions about your regional growth of

Hospital Supplies Market?

Just drop us a line or call on +1 646 480 7505

Impact of COVID-19

COVID-19 has caused severe financial ramifications across the globe. The hospital sector is witnessing a decline in elective services due to rising admission of COVID-19 patients. Private hospitals are severely impacted due to the decline in OPD footfalls. Recently, Apollo Hospitals declared a ‘total crash of the system’ and urged the government to step in. As per the National Association of Accountable Care Organizations, the pandemic is projected to cost the U.S. Medicare between USD 38.5–115.4 billion over the next year.

Key Highlights

  • The hospital supplies market was valued at USD 35.20 billion in 2019 and is expected to grow with a CAGR of 11.7% during the forecast study period.
  • The disposable hospital materials dominate the market due to rising awareness regarding cleanliness and hygiene in hospitals.
  • Asia-Pacific to witness the fastest growth in the market during the forecast period. The region houses the highest patient pool suffering from chronic diseases.

Key Players

  • Medtronic (Covidine)
  • Stryker
  • Baxter
  • Johnson & Johnson
  • Fresenius
  • Boston Scientific
  • BD
  • 3M
  • Braun
  • Smith & Nephew
  • Terumo Corporation
  • Abbott
  • Novartis
  • Smiths Group
  • Weigao
  • Lohmann& Rauscher
  • Ansell

Recent Developments

  • In April 2020, Resilinc and Premier Inc. launched healthcare exchange to aid hospitals access supplies and ease shortages.
  • In April 2020, LocatorXlaunches National medical device registry to track ventilators for hospitals.

Hospital Supplies Market Segmentation

By Product Type

  • Operating room equipment
  • Patient examination devices
  • Mobility aids and transportation equipment
  • Sterilization and disinfectant equipment
  • Disposable hospital supplies
  • Syringes and needles

By Region

  • North America
  • Europe
  • Asia-Pacific
  • Central and South America and the Caribbean
  • The Middle-East and Africa

" Crucial Insights The Report Provides:"

* Known and Unknown Adjacencies Influencing the Growth of Market

* Explorable Revenue Sources

* Customer Behaviour Analysis

* Target Partners

* Customized Geographical Data Based on Customers as well as Competitors

* Analysis of Market Size and CAGR between the Forecast Periods

View Full Report Buy This Report Now