Market Overview

Canada’s hospital supplies market is poised to reach USD 28.8 billion by 2024, growing at a CAGR of 6.6%. Hospital medical equipment and supplies include various devices, tools, instruments, and medical consumables that are used in hospitals and healthcare establishments.

The Canadian hospital supplies market is increasing at a substantial rate due to the upsurge in the number of hospitals, rapidly increasing aging population, and the increasing awareness about hospital-acquired infections (HAIs).

Scope of the Report

Hospital supplies are medical equipment and consumables that are used in hospitals and clinics for the treatment, transportation, disinfection, and preliminary diagnosis of patients. Hospital supplies include medical products, such as gowns, drapes, gloves, procedure trays, operating room tables, operating room lights, needles syringes, thermometers, stethoscopes, stretchers, wheel chairs, sterilization equipment, and syringes and needles.

There have been advancements in technology which have improved the functionality of hospital supplies, resulting in the increased adoption of hospital supplies, such as needles and syringes, gloves, drapes, and gowns. Almost all procedures in hospitals include some type of hospital supplies, underlining the importance of the hospital supplies market.

Key Market Trends

Patient Examination Devices led the market in 2018

Based on the type of product, the market is led by patient examination devices. The growing geriatric population and increasing incidence of hospital acquired infection is fuelling the growth of this product segment.

The patient examination devices are capital equipment which require high initial capital. Consequently, their replacement rate is fairly low and over the forecast period, the growth rate of this product segment will lower significantly.