Market Size of United Kingdom Hospital Supplies Industry
| Study Period | 2019 - 2029 |
| Base Year For Estimation | 2023 |
| Forecast Data Period | 2024 - 2029 |
| Historical Data Period | 2019 - 2022 |
| CAGR | 5.60 % |
Major Players
*Disclaimer: Major Players sorted in no particular order |
Need a report that reflects how COVID-19 has impacted this market and its growth?
UK Hospital Supplies Market Analysis
The United Kingdom Hospital Supplies Market is poised to grow at a CAGR of 5.6% in the forecast period (2022-2027).
The impact of COVID-19 on the United Kingdom hospital supplies market is positive because it has increased the demand for hospital supplies products across the country in the prevention of COVID-19, which led to the rapid rise of hospital supplies products. The rising demand for hospital supplies during the COVID-19 encouraged many players to increase their manufacturing facilities and rate of production. In May 2021, the United Kingdom government announced that it will be sending additional 1,000 ventilators from the UK's surplus supply to Indian hospitals. Moreover, the rising cases of coronavirus necessitates an increase in protective equipment and medical supplies products, that may impact the studied market positively.
The 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. For instance, as per Centre for Ageing Better, the United Kingdom has an ageing population and it's predicted that by 2042, one in four people in England will be aged 65 or over. The elderly population is expected to grow in the coming years in the UK, and this population is more prone to chronic diseases. In addition, the fact that the geriatric population is more susceptible to acute and chronic diseases indicates that this population is highly responsible for high hospital admission rates, thus pushing the demand in this market.
The rising prevalence of chronic diseases is also a major factor driving the market growth. For instance, as per the July 2021 report of the British Heart Foundation, there were about 7.6 million people in the United Kingdom were living with heart and circulatory diseases, of which 4 million people were male, and 3.6 million were female. Also, the rising diabetic population of the country will have a positive outlook on the market. As per the report of the Diabetes UK, published in February 2020, about, 3.9 million people in the United Kingdom were living with diagnosed diabetes in 2019, with 3.3 million people in the England region, and 90% of these people had type 2 diabetes. Thus, these factors are expected to rise the demand for hospital supplies, thereby boosting the market growth in the coming years.
