Over the years it has been observed that Asia is spending more and more on healthcare. From USD XX billion in 2015, it hiked to USD XX billion in 2016. If it continues to grow at this rate, by 2021 it will reach a value of USD XX billion. This is primarily fueled by the consumer’s increasing incomes and government’s public health reforms.
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Public hospitals are the dominant care givers in the region. Demand for medical supplies will grow simultaneously with this growth of the health care sector. Private and entirely-foreign-owned hospitals account for almost half of Asia’s total number of healthcare facilities. In-flow and out-flow of patients in these hospitals is only 10% of the total. Demand for advanced methods and devices for sterilization of hospital supplies is more prevalent among the private and foreign owned hospitals and it is expected to grow in coming years.
Expansion of hospital sector happens to be one of the major drivers of demand for various hospital supplies in Asia. In China, according to the records, there were nearly 25000 hospitals with approximately 6.2 billion beds, which is a small fraction of the total number of medical facilities. The Chinese government is planning for 6 hospital beds per 1000 people by 2020. This will increase the demand for medical supplies in the coming years.
On manufacturing’s end, the widespread geographical market terrains and possibility to set up large manufacturing plants, in order to cater to remote local areas of the country, are the major factors facilitating the manufacturers to fetch as much benefits as possible. However, because of highly fragmented geographical terrains, which are covered by a number of functional suppliers, market entry for new players is a difficult task. Due to large geographical area, the hospitals are placed at considerable distance from each other, and most of them procure hospital supplies locally. There are no companies having market share above 10% in the disposable supplies market and therefore the market is composed of a large number of companies with minimal market shares.
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Some Major Points From Table Of Content :
- China :
Hospital Supplies Market
1.1 Market Overview
1.2 Medical Disposables Market
1.3 Medical Sterilization Market
- Hong Kong :
2.1 Market Overview
2.2 Medical Disposables Market
2.3 Medical Sterilization Market
- South Korea :
3.1 Market Overview
3.2 Medical Disposables Market
3.3 Medical Sterilization Market
- India :
4.1 Market Overview
4.2 Medical Disposables Market
4.3 Medical Sterilization Market
- Indonesia :
5.1 Market Overview
5.2 Medical Disposables Market
5.3 Medical Sterilization Market
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