The size of Hospital Supplies Market in the Asia Pacific was worth $0.22 billion in 2019 and estimated to be growing at a CAGR of 12.40%, to reach $0.29 billion by 2024.
The hospital supplies market has been growing at a substantial rate over the past few years.
Technically advanced products are being launched by companies to assist medical professionals in managing their patients. With an extensive category of development and investment prospects for budding players seeking to be a part of the medical device market, the continual growth of the hospital supplies market is expected.
The growth of the Asia-Pacific Hospital Supplies market is mainly due to factors such as the rising number of hospitals, aging population, methods such as frequent glove swapping and double gloving during procedures. Increasing geriatric population and improved economic situation in the developing countries in this region are the other major factors boosting the growth of the market. However, factors such as advent of home care services and increasing preference towards personalized medicine are the major limitations hindering the growth of the market.
This research report segmented and sub-segmented into the following categories:
Disposable hospital supplies lead the market with a market share of 46% followed by syringes and needle segment with a market share of 23%.
The Asia-Pacific region is projected to grow at the highest CAGR during the forecast period due to the unprecedented rate of population growth in this region. There is swift growth in the China hospital industry due to the stable advancement of health care reform and due to the constant increase in demand stimulus. Indonesia, Vietnam, and Malaysia, are some of the other promising players in this market.
The Top companies leading in the APAC Hospital Supplies Market profiled in the report are Advanced Sterilization Products Services Inc., Dickinson and Company, Cardinal Health, Inc., Kimberly-Clark Corporation, Becton, 3M Health Care, and B. Braun Melsungen AG.
1.1 Market Definition
1.2 Study Deliverables
1.3 Base Currency, Base Year and Forecast Periods
1.4 General Study Assumptions
2. Research Methodology
2.2 Research Phases
2.2.1 Secondary Research
2.2.2 Primary Research
2.2.3 Econometric Modelling
2.2.4 Expert Validation
2.3 Analysis Design
2.4 Study Timeline
3.1 Executive Summary
3.2 Key Inferences
3.3 New Developments
4. Drivers, Restraints, Opportunities, and Challenges Analysis (DROC)
4.1 Market Drivers
4.2 Market Restraints
4.3 Key Challenges
4.4 Current Opportunities in the Market
5. Market Segmentation
5.1 By Product Type
5.1.1 Operating Room Equipment
5.1.2 Sterilization & Disinfectant Equipment
5.1.3 Syringes & Needles
5.1.4 Patient Examination Devices
5.1.5 Mobility Aids & Transportation Equipment
5.1.6 Disposable Hospital Supplies
6. Geographical Analysis
6.5 South Korea
7.1 PESTLE analysis
7.2 Porter’s Five analysis
7.2.1 Bargaining Power of Suppliers
7.2.2 Bargaining Power of Consumers
7.2.3 Threat of New Entrants
7.2.4 Threat of Substitute Products and Services
7.2.5 Competitive Rivalry within the Industry
8.Market Leaders' Analysis
8.1 Advanced Sterilization Products Services Inc.
8.1.2 Product Analysis
8.1.3 Strategic Evaluation and Operations
8.1.4 Financial analysis
8.1.5 Legal issues
8.1.6 Recent Developments
8.1.7 SWOT analysis
8.1.8 Analyst View
8.2 Dickinson and Company
8.3 Cardinal Health Inc.
8.4 Kimberly-Clark Corporation
8.6 3M Health Care
8.7 B. Braun Melsungen AG
9.1 Market share analysis
9.2 Merger and Acquisition Analysis
9.3 Agreements, collaborations and Joint Ventures
9.4 New Product Launches
10.1 Market Outlook
10.2 Investment Opportunities
a) List of Tables
b) List of Figures