Australia Hospital Supplies Market - Growth, Trends, COVID-19 Impact, and Forecasts (2021 - 2026)

The Australia Hospital Supplies Market is segmented by Type (Patient Examination Devices, Operating Room Equipment, Mobility Aids and Transportation Equipment, Sterilization and Disinfectant Equipment, Disposable Hospital Supplies, and Other Types).

Market Snapshot

Australia Hospital Supplies-1
Study Period: 2018 - 2026
Base Year: 2020
CAGR: 10 %

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Market Overview

The Australian hospital supplies market is expected to witness a CAGR of 10% during the forecast period. Certain factors that are driving the growth of the market include increasing incidences of communicable diseases and growing public awareness about hospital-acquired infections (HAIs).

  • According to the Department of Health, the Government of Australia, communicable diseases are to be considered a significant public health priority. The health problems currently faced by Australia are very diverse, such as foodborne diseases, sexually transmitted diseases, and the emergence of antimicrobial-resistant bacteria, vaccine-preventable diseases, and vector-borne diseases.
  • The Office of Health Protection (OHP) is engaged in a range of activities to reduce the incidence and the social and economic impact of communicable diseases.
  • The National Framework for Communicable Disease Control brings together the government, agencies, and committees under the goal of strengthening the defense against communicable diseases, and recommends outcomes required to achieve the key objectives, including improved communicable disease prevention, detection, and response, as well as improved organization and delivery of communicable disease control.
  • However, emergence of home care services is expected to hinder the market’s growth. Australia has had a national home care program for around 20 years. The country’s national home care program, called HACC, has been developed to provide a comprehensive range of services to mainly support frail, aged people and people with disabilities in their home, and also to prevent their premature admission to residential care. The traditional home care services include home nursing, homemaking, and delivery of meals.

Scope of the Report

As per the scope of the report, hospital supplies are defined as products or devices used in providing care, specifically in hospitals, which may cover a wide range from furnaces to surgical dressings. Hospital medical equipment and supplies include various devices, tools, instruments, and medical consumables that are used in hospitals and healthcare establishments.

Type
Patient Examination Devices
Operating Room Equipment
Mobility Aids and Transportation Equipment
Sterilization and Disinfectant Equipment
Disposable Hospital Supplies
Other Types

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Key Market Trends

The Disposable Hospital Supplies Segment is Expected to hold a Significant Market Share

Disposable medical supplies, such as first aid supplies, disposable apparel, blood collection tools, testing supplies, etc., are always on demand. They are extremely crucial for carrying out any medical procedure in hospitals. Over recent years, the disposable products' market has been growing consistently, and it is expected to account for strong growth in the near future as well. Products with enhanced performance, infection prevention, and efficacy are propelling the increase in demand for medical disposables in Australia. Demand for disposable devices is rising in Australia, as the country is modernizing its healthcare infrastructure. The growing presence of medical facilities in the region and the growing geriatric population act as the major growth drivers for the disposable hospital supplies segment.

trend 1

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Competitive Landscape

The Australian hospital supplies market, which is highly competitive, consists of a number of major players. Companies, such as 3M Healthcare, Advanced Sterilization Products Services Inc., Ansell Limited, B. Braun Melsungen AG, Becton, Dickinson and Company, Cardinal Health Inc., Covidien PLC, Invacare Corporation, Medline Industries, and Molnlycke Healthcare AB, among others, hold a substantial market share in the Australian hospital supplies market.

Table of Contents

  1. 1. INTRODUCTION

    1. 1.1 Study Deliverables

    2. 1.2 Study Assumptions

    3. 1.3 Scope of the Study

  2. 2. RESEARCH METHODOLOGY

  3. 3. EXECUTIVE SUMMARY

  4. 4. MARKET DYNAMICS

    1. 4.1 Market Overview

    2. 4.2 Market Drivers

      1. 4.2.1 Increasing Incidences of Communicable Diseases

      2. 4.2.2 Growing Public Awareness about Hospital Acquired Infections

    3. 4.3 Market Restraints

      1. 4.3.1 Emergence of Home Care Services

      2. 4.3.2 Stringent Regulatory Framework

    4. 4.4 Porter's Five Forces Analysis

      1. 4.4.1 Threat of New Entrants

      2. 4.4.2 Bargaining Power of Buyers/Consumers

      3. 4.4.3 Bargaining Power of Suppliers

      4. 4.4.4 Threat of Substitute Products

      5. 4.4.5 Intensity of Competitive Rivalry

  5. 5. MARKET SEGMENTATION

    1. 5.1 Type

      1. 5.1.1 Patient Examination Devices

      2. 5.1.2 Operating Room Equipment

      3. 5.1.3 Mobility Aids and Transportation Equipment

      4. 5.1.4 Sterilization and Disinfectant Equipment

      5. 5.1.5 Disposable Hospital Supplies

      6. 5.1.6 Other Types

  6. 6. COMPETITIVE LANDSCAPE

    1. 6.1 Company Profiles

      1. 6.1.1 3M Healthcare

      2. 6.1.2 Advanced Sterilization Products Services Inc.

      3. 6.1.3 Ansell Limited

      4. 6.1.4 B. Braun Melsungen AG

      5. 6.1.5 Becton, Dickinson and Company

      6. 6.1.6 Cardinal Health Inc.

      7. 6.1.7 Covidien PLC

      8. 6.1.8 Invacare Corporation

      9. 6.1.9 Medline Industries

      10. 6.1.10 Molnlycke Healthcare AB

    2. *List Not Exhaustive
  7. 7. MARKET OPPORTUNITIES AND FUTURE TRENDS

**Subject to Availability
**Competitive Landscape covers- Business Overview, Financials, Products and Strategies and Recent Developments

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Frequently Asked Questions

The Australia Hospital Supplies Market market is studied from 2018 - 2026.

The Australia Hospital Supplies Market is growing at a CAGR of 10% over the next 5 years.

Advanced Sterilization Products Services Inc., 3M Healthcare, B. Braun Melsungen AG, Becton, Dickinson and Company, Cardinal Health Inc. are the major companies operating in Australia Hospital Supplies Market.

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