Canada Hospital Supplies Market | Growth, Trends, and Forecasts (2020

ABOUT THIS REPORT
- Market Snapshot
- Market Overview
- Scope of the Report
- Key Market Trends
- Competitive Landscape
- Major Players
TABLE OF CONTENTS

Market Snapshot

Study Period:

2017-2025

Base Year:

2019

CAGR:

6.6 %

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Market Overview

Canada’s hospital supplies market is 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.

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

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, wheelchairs, sterilization equipment, and syringes and needles.

By Type of Product
		Patient Examination Devices
		Operating Room Equipment
		Mobility Aids and Transportation Equipment
		Sterilization and Disinfectant Equipment
		Disposable Hospital Supplies
		Syringes and Needles
		Others

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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. According to the Canadian Patient Safety Institute, each year, about 8,000 Canadians die from hospital-acquired infections; 220,000 others get infected. As per the stats the increasing HAIs boost the market in the region.

The patient examination devices are capital equipment that 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.

Over the forecast period, the fastest-growing sub-segment under type of product segmentation is expected to be disposable hospital supplies. The growth in the number of out-patient visits in Canada is primarily due to the increasing prevalence of acute infections, and is the main propellant for the high growth of disposable hospital supplies.

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Competitive Landscape

The leading vendors of hospital supplies in the Canadian region include Cardinal Health Inc. and 3M Healthcare. Other leading vendors include Boston Scientific and B. Braun Melsungen. The disposable hospital supplies market in Canada includes both big companies as well as many small companies. The companies have presences in different segments, including gowns, gloves, drapes, and procedure trays.

Major Players

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1. INTRODUCTION
1. 1.1 Study Deliverables
2. 1.2 Study Assumptions
3. 1.3 Scope of the Study
2. RESEARCH METHODOLOGY
3. EXECUTIVE SUMMARY
4. MARKET DYNAMICS
1. 4.1 Market Overview
2. 4.2 Market Drivers
  1. 4.2.1 Increase in Geriatric Population and In-patient Admissions in Hospitals
  2. 4.2.2 Technological Advancements in Hospital Supplies
3. 4.3 Market Restraints
  1. 4.3.1 Growing Popularity of Home Care Services
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. MARKET SEGMENTATION
1. 5.1 By Type of Product
  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 Syringes and Needles
  7. 5.1.7 Others
6. COMPETITIVE LANDSCAPE
1. 6.1 Company Profiles
  1. 6.1.1 3M Healthcare
  2. 6.1.2 Advanced Sterilization Products Services
  3. 6.1.3 B Braun
  4. 6.1.4 Baxter International
  5. 6.1.5 Becton Dickinson
  6. 6.1.6 Boston Scientific Group
  7. 6.1.7 Cardinal Health
  8. 6.1.8 Covidien
  9. 6.1.9 GE Healthcare
  10. 6.1.10 Johnson & Johnson
  11. 6.1.11 Medtronics
  12. 6.1.12 Smith & Nephew
  13. 6.1.13 Stryker Corporation
  14. 6.1.14 Thermo Fisher Scientific

*List Not Exhaustive

7. MARKET OPPORTUNITIES AND FUTURE TRENDS

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