Germany Hospital Supplies Market Size

Germany Hospital Supplies Market Analysis

During the forecast period, the Germany Hospital Supplies Market is expected to register a 5.5% CAGR.

The COVID-19 pandemic impacted the German hospital supply market. COVID-19 has led to a long-term strain on the German medical supply chain. In addition, the reduced rate of inpatient hospital admissions and cancellation of many surgical procedures in Germany also imposed a slight negative impact on the market. For instance, according to the research report published by Frontiers in January 2021, the overall inpatient hospital admissions decreased by 35.0% in weeks 1 to 4 and by 30.3% in weeks 5 to 8 after the lockdown announcement in 2020 in comparison to previous years in Germany. Similarly, as per the study published by the NCBI in June 2022, compared to the previous years, the number of patients undergoing general and visceral surgery decreased by 22.7%; a decrease of 14.8% was observed for elective procedures; and a decrease of 6.0% for emergency procedures was observed in the first pandemic year. Thus, the demand for hospital supplies was reduced, which had an adverse impact on the market during the initial phase of the pandemic. The lockdown was lifted in 2021 as the number of COVID-19 cases decreased and all non-COVID-19 and surgical interventions were resumed. This has resulted in a gradual improvement in the Germany hospital supplies market, which is expected to continue in the forecast period.

The increasing incidences of communal diseases and high demand for hospital supplies in developing countries, coupled with rising public awareness about hospital-acquired infections, are the major drivers for the market. The high incidence rate of inflammatory and communal diseases such as pneumococcal disease and sexually transmitted diseases is increasing in Germany. For instance, in 2021, the International Agency for Research on Cancer reported that 629,000 people were diagnosed with cancer, and this number is expected to increase to 750,000 by the end of 2040. Such a high incidence of chronic disease is expected to increase the rate of hospital admissions, thereby propelling the demand for hospital supplies in Germany. Because of this, the high number of communicable diseases in Germany is likely to increase the need for hospital supplies, which will help the market grow.

The rising healthcare infrastructure and rising government initiatives to enhance and expand healthcare facilities are also augmenting the demand for hospital supplies, which is expected to boost the market in the country. For instance, according to a NCBI research article published in October 2021, the issue of addressing the current pandemic is instructive for shaping how medicine, public health, and public policy can respond to crises in the future. Thus, such initiatives may create new opportunities for the market, thereby boosting its growth over the forecast period.

But a strict regulatory framework and the rise of home care services could slow the growth of the market over the next few years.