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The Hospital Supplies market is segmented by Product Type (Patient Examination Devices, Operating Room Equipment, Mobility Aids and Transportation Equipment, Sterilization and Disinfectant Equipment, Disposable Hospital Supplies, Syringes and Needles, Other Types) and Geography.
Fastest Growing Market:
The factors, such as increased incidences of communal diseases coupled with the growing public awareness about hospital-acquired infections are contributing to the overall growth of the hospital supplies market. The demand of the hospital supplies market is also on the rise in developing countries.
Countries, such as Brazil and India are gradually increasing their hospital bed density figures when compared to the major countries, present globally. However, several countries face a high unmet need for hospital supplies, like sterilization and disinfectant equipment and patient examination devices, which restricts the growth of this market. Furthermore, it generates a high demand for hospital supplies in developing countries.
A growing healthcare infrastructure and rising government initiatives to enhance and expand health care facilities are augmenting the demand for hospital supplies, which is expected to boost the market globally.
Hospital supplies include every medical utility product that serves both the patient and medical professional with hospital infrastructure and enhance the network, transportation between hospitals. These include hospital equipment, patient aid, and mobility equipment, and sterilization disposable hospital supplies. Hospital Supplies Market is segmented By Product Type and Geography.
|By Product Type|
|Patient Examination Devices|
|Operating Room Equipment|
|Mobility Aids and Transportation Equipment|
|Sterilization and Disinfectant Equipment|
|Disposable Hospital Supplies|
|Syringes and Needles|
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North America is expected to be the dominant region in the hospital medical supplies market. The factors attributing to the high market share of North America are the consistent focus on the cost-effective and innovative procedures adopted in the United States, which has shown an increase in the hospital supplies market. Also, growing communal diseases and hospital acquired infections is expected to drive the market growth. According to the Centre for Disease Control and Prevention, in 2017, around 3,679 hospitals were reported with catheter associated urinary tract infection in the United States. Thus, it is expected to drive the growth of the hospital supplies market in the North American region.
Asia-Pacific, on the other hand, is expected to exhibit the fastest growth rate over the forecast period. This can be attributed to factors, such as the increasing patient pool, rising hospital-acquired infections, and the growing focus toward safety measures in hospital operations across several high economic growth countries, such as India, China, South Korea, and other Southeast Asian countries.
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The major market players include Boston Scientific Corporation, B. Braun Melsugen AG, 3M, Cardinal Health, and Medtronic, among others. The increasing innovation and rise in investment for various public and private organizations are expected to intensify the industry rivalry across the globe. They are also collaborating with other players, to develop and promote their product, and thus gain a recognition in the market.
1.1 Study Deliverables
1.2 Study Assumptions
1.3 Scope of the Study
2. RESEARCH METHODOLOGY
3. EXECUTIVE SUMMARY
4. MARKET DYNAMICS
4.1 Market Overview
4.2 Market Drivers
4.2.1 Increasing Incidences of Communal Diseases
4.2.2 Growing Public Awareness about Hospital Acquired Infections
4.2.3 High Demand for Hospital Supplies in Developing Countries
4.3 Market Restraints
4.3.1 Stringent Regulatory Framework
4.3.2 Emergence of Home Care Services
4.4 Porters Five Forces Analysis
4.4.1 Threat of New Entrants
4.4.2 Bargaining Power of Buyers/Consumers
4.4.3 Bargaining Power of Suppliers
4.4.4 Threat of Substitute Products
4.4.5 Intensity of Competitive Rivalry
5. MARKET SEGMENTATION
5.1 By Product Type
5.1.1 Patient Examination Devices
5.1.2 Operating Room Equipment
5.1.3 Mobility Aids and Transportation Equipment
5.1.4 Sterilization and Disinfectant Equipment
5.1.5 Disposable Hospital Supplies
5.1.6 Syringes and Needles
5.1.7 Other Types
5.2.1 North America
220.127.116.11 United States
18.104.22.168 United Kingdom
22.214.171.124 Rest of Europe
126.96.36.199 South korea
188.8.131.52 Rest of Asia-Pacific
5.2.4 Middle East & Africa
184.108.40.206 South Africa
220.127.116.11 Rest of Middle East & Africa
5.2.5 South America
18.104.22.168 Rest of South America
6. COMPETITIVE LANDSCAPE
6.1 Company Profiles
6.1.1 3M Healthcare
6.1.2 B. Braun Melsungen AG
6.1.3 Baxter International
6.1.4 Becton Dickinson and Company
6.1.5 Boston Scientific Corporation
6.1.6 Cardinal Health
6.1.8 GE Healthcare
6.1.9 Johnson & Johnson
6.1.10 Thermo Fisher Scientific
7. MARKET OPPORTUNITIES AND FUTURE TRENDS
**Competitive Landscape covers- Business Overview, Financials, Products and Strategies and Recent Developments