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Global Hospital Supplies Market Competitive Analysis Report 2021-2028 | Growth Market Reports

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Sheryl Dias
Global Hospital Supplies Market Competitive Analysis Report 2021-2028 | Growth Market Reports

The global hospital supplies market size is projected to expand at a high CAGR during the forecast period, 2021–2028. The growth of the market is attributed to the increasing chronic illness and rising instances of accidents, natural calamities, and others.

 

A growing healthcare infrastructure and rising government initiatives to improve and expand health care facilities are increasing demand for hospital supplies, which is expected to boost the global market.

 

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The ageing of the American population is undeniably increasing demand for quality healthcare rising communicable disorders and hospital-acquired infections are likely to boost market expansion. According to the Centers for Disease Control and Prevention, catheter-associated urinary tract infections were recorded in about 3,679 hospitals in the United States in 2017.

 

In 2018 UN COMTRADE reported that, the United States imported more than $29 billion in medical equipment. China was the primary supplier of these commodities, accounting for around 28% of the total. The European Union was the second most important supplier, accounting for 18% of total imports.

 

Europe is a key global center for the medical equipment sector. Many European countries, on the other hand, export their products to foreign markets and rely on imports to feed the local healthcare business. Manufacturers of in-demand technology will discover that their items are highly welcomed.

 

Market Trends, Drivers, Restraints, and Opportunities

·        Rapid growth of healthcare and medical equipment industries are major factors propelling the market growth.

·        Growing ageing population is anticipated to drive the market expansion in the coming years.

·        Associations and government investments and encouraging the development of newer and innovative technologies to improve hospital supplies are expected to fuel the market growth.

·        Increasing number of accident patients is projected to boost the market during the forecast period.

·        Increasing focus toward safety measures in hospital operations is projected to boost the market growth during the forecast period.

 

Global Hospital Supplies Market Segment Insights

 

The disposable hospital supplies segment is projected to hold a major market share

Based on products, the hospital supplies market is divided into operating room equipment, mobility aids & transportation equipment, patient examination devices, sterilization & disinfectant equipment, disposable hospital supplies, syringes and needles, and others.

 

North America is anticipated to dominate the market

On the basis of regions, the hospital supplies market is classified as Asia Pacific, North America, Latin America, Europe, and Middle East & Africa. The market of North America is anticipated to expand at an impressive CAGR during the forecast period. The regional market growth can be attributed to is the growing communal diseases and hospital-acquired infections are expected to drive market growth.

 

Compititive Landscape

Key players competing in the hospital supplies market include Medtronic PLC; B Braun Melsugen AG; 3M Healthcare; Boston Scientific Corporation; Cardinal Health Inc.

 

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GROWTH MARKET REPORTS provides global enterprises as well as medium and small businesses with unmatched quality of “Market Research Reports” and “Industry Intelligence Solutions”. GROWTH MARKET REPORTS has a targeted view to provide business insights and consulting to assist its clients to make strategic business decisions and achieve sustainable growth in their respective market domain. Our key analysis segments, though not restricted to the same, include market entry strategies, market size estimations, market trend analysis, market opportunity analysis, market threat analysis, market growth/fall forecasting, primary interviews, secondary research & consumer surveys.

 

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