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The United States Hospital Supplies Market is segmented by Product (Patient Examination Devices, Operating Room Equipment, Mobility Aids and Transportation Equipment, Sterilization and Disinfectant Equipment, Disposable Hospital Supplies, Syringes and Needles, and Other Types).
The United States Hospital Supplies Market is expected to register a CAGR of 11.2% during the forecast period.The major factors driving the growth of the market include 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.
Furthermore, the growing prevalence of hospital-acquired infections is expected to drive market growth. According to the Centres for Disease Control and Prevention, in 2017, around 3,679 hospitals were reported with catheter-associated urinary tract infections in the United States. In addition, In the United States, the hospital admissions has been increasing. For instance, according to the American Hospital Association in 2018, there were over 36.3 million hospital admissions in the United States up from 36.1 million hospital admissions in 2016 and 35.8 million hospital admissions in 2015, respectively.Thus, it is expected to drive the growth of the United States hospital supplies market.
As per scope of the report, hospital supplies include every medical utility product that serves both the patient and medical professional with hospital infrastructure and enhance the network and transportation between hospitals. The United States Hospital Supplies Market is segmented by Product (Patient Examination Devices, Operating Room Equipment, Mobility Aids and Transportation Equipment, Sterilization and Disinfectant Equipment, Disposable Hospital Supplies, Syringes and Needles, and Other Types).
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The disposable hospital supplies are one-time use products, such as consumables, medical apparatus, and disposable devices, which are consumed in large figures across all hospitals. These products, such as suction catheters, bandages and wraps, exam gowns, surgical sponges, face masks, hypodermic needles, gloves, and needles, are in continuous use to all hospital professionals in any domain, from cleaning to surgical theaters, as well as administrative departments, in some cases.
According to a research article by Mainul Haque et al., published in Infection and Drug Resistance Journal 2018, the US Center for Disease Control and Prevention estimated that about 1.7 million hospitalized patients annually acquire health care-associated infections (HCAIs) and that more than 98,000 patients (one in 17) die due to health care-associated infections (HCAIs).
Thus, the continuous growth has been observed in the adoption of disposable devices, owing to the rising concern of safety and cleanliness against hospital-acquired infections, as well as to maintain the hygiene across hospitals which is expected to drive market growth.
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The United States hospital supplies Market is fragmented competitive. The major market players include Boston Scientific Corporation, B Braun Melsugen AG, 3M Healthcare, Cardinal Health Inc., and Medtronic PLC, among others. In addition, the market players are collaborating with other players, to develop and promote their product, and thus, gain recognition in the market.
1.1 Study Assumptions
1.2 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
4.3 Market Restraints
4.3.1 Stringent Regulatory Framework
4.3.2 Emergence of Home Care Services
4.4 Porter's Five Force 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
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 Products
6. COMPETITIVE LANDSCAPE
6.1 Company Profiles
6.1.1 Cardinal Health Inc.
6.1.2 Boston Scientific Corporation
6.1.3 B Braun Melsungen AG
6.1.4 3M Company
6.1.5 Thermo Fisher Scientific Inc
6.1.6 Baxter International Inc.
6.1.7 Becton, Dickinson and Company
6.1.8 Medtronic PLC
6.1.9 Johnson & Johnson
6.1.10 GE Healthcare
7. MARKET OPPORTUNITIES AND FUTURE TRENDS
**Competitive Landscape covers- Business Overview, Financials, Products and Strategies, and Recent Developments