The Global Hospital Supplies market has been estimated to be USD 24.3 billion in 2014 and it is projected to reach USD 46.8 billion by 2020 at a CAGR of 11.5% during the forecast period from 2014 to 2021.
Hospital medical equipment and supplies refer to various devices, tools, instruments and medical consumables that are used in hospitals and healthcare establishments. Hospital equipment and materials market is increasing at a substantial rate past few years.
Hospital supplies are used in various medical centers, medical institutions and hospitals. Increasing awareness about Hospital Acquired Infections (HAIs) is a key factor driving the growth of the hospital supplies market.
Other than increasing awareness about HAIs, increase in the hospital number, demand for hospital supplies, aging population, increasing incidences of communal diseases, practices such as frequent glove changing and double gloving during procedures and improved economic conditions in emerging nations are the driving the growth of the Hospital supplies market.
However, emergence of home care services, stringent regulatory framework, growth of personalized medicine and decline in private health insurance are the major challenges faced by the market.
The market for hospital supplies is segmented based on product type which includes Patient Examination Devices, Operating Room Equipment, Mobility Aids & Transportation Equipment, Sterilization & Disinfectant Equipment, Disposable Hospital Supplies and Syringes & Needles. Disposable hospital supplies and syringes and needles are the key revenue generators in the global hospital supplies market.
Based on geography, the market is segmented into North America, Europe, Asia Pacific and Rest of the World. North America is the largest market, followed by Europe. Countries such as Brazil, Russia, China and India are expected to be the fastest growing hospital equipment and supplies markets in coming years.
Many players in this market are trying to expand their product portfolio in order to top the global market. While few companies are entering into the market by acquisitions, top companies are expanding their growth in this market by acquiring other companies.
Few companies adopted product innovation and new product launches as its key business strategy to ensure its dominance in this market. Some of the key players in the global hospital supplies market are Kimberly-Clark Corporation, Advanced Sterilization Products Services Inc., Cardinal Health, Inc., 3M Health Care, Becton, Dickinson and Company and B. Braun Melsungen AG.
Key Deliverables in the Study
Market analysis for the Global Insulin Delivery Devices Market, with region specific assessments and competition analysis on global and regional scales
Market definition along with the identification of key drivers and restraints
Identification of factors instrumental in changing the market scenarios, rising prospective opportunities, and identification of key companies that can influence this market on a global and regional scale
Extensively researched competitive landscape section with profiles of major companies along with their market shares
Identification and analysis of the macro and micro factors that affect the Global Insulin Delivery Devices Market on both global and regional scales
A comprehensive list of key market players along with the analysis of their current strategic interests and key financial information
A wide-ranging knowledge and insights about the major players in this industry and the key strategies adopted by them to sustain and grow in the studied market
Insights on the major countries/regions in which this industry is blooming and to also identify the regions that are still untapped
Manager – Partner Relations & International Marketing
Ph: +1-214-377-1121 (US)/ +44-020-3286-9338 (UK)