We are monitoring the impact of COVID-19 on Hospital Supplies Market Get in touch with us for detailed analysis Know More
Pulished Date February, 2020
ID: 657
Share on
Share on

Global Hospital Supplies Market Size, Share, Trends, COVID-19 Impact & Growth Analysis Report – Segmented By Product Type & Region - Industry Forecast (2020 to 2025)

Pulished: February, 2020
ID: 657
Pages: 178

Hospital Supplies Market Size (2020 to 2025)

The global hospital supplies market size was worth USD 35.21 billion in 2020. It is forecasted to be growing at a CAGR of 11.80% and worth USD 61.5 billion by 2025.

Hospital medical equipment and supplies denote the various devices, instruments, and medical consumables utilized in hospitals and healthcare institutions. This market has been growing at a significant rate over the past few years. Top players in the global hospital supplies market are launching technically innovative hospital supplies to help doctors better manage 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 global hospital supplies market is expected.

MARKET DRIVERS:

Growing awareness about HAIs (hospital-acquired infections) and the rising number of hospitals primarily increase demand for the global hospital supplies market.

Additionally, factors such as the aging population, increasing occurrences of communicable diseases, methods such as frequent glove swapping and double gloving during procedures promote the growth rate of the global hospital supplies market. The improved economic situation in developing countries is another major factor boosting the growth of the global hospital supplies market.

A wide variety of developments and investment opportunities for existing players seeking to be a part of the hospital supplies market constant advancement in the market will boost the market expansion. With an increase in market growth, favorable government legislation, and increased healthcare expenditure, the scope and potential for hospital supplies are anticipated to grow during the forecast period.

Rising advanced technologies of the health industry are estimated to create enormous opportunities during the same period. Some notable factors are determined to drive significant opportunities in the global hospital supplies market during the forecast period is the focus of the government and healthcare bodies worldwide are increasing the knowledge among their regions about the rising number of diseases paired up with preventive measures to curb the rate.

MARKET RESTRAINTS:

Stringent regulations led by the government on medical equipment supplies are considered the primary restraining factor for market growth. Reduce in health insurance, and limited resources for the procurement of medical equipment impede the market growth. In the recent period, it is observed that an increase in popularity for the homecare services led to the decrease in hospital supplies which directly reduces the market growth.

Impact of COVID-19 on the global hospital supplies market:

The SARS-COV2 arrived as a regional pandemic and became the global pandemic. The World Health Organization declared the pandemic as the emergence of healthcare. All sectors of the economy had experienced a market decline. The emergence of the outbreak of covid-19 has shown a positive and negative impact on the pharmaceutical and life sciences industries.

Covid-19 has favored the hospital supplies market and added acceleration to the growth rate of the market. The outbreak of COVD-19 has witnessed the significant market growth of the hospital supplies market. The rapid increase in the COVID-19 positive case led to an increase in the demand for medical equipment. Medical device manufacturers have increased their capacity to produce many hospital equipments to meet the patients' and hospitals' requirements. After the unlocking of lockdown, the supply chain has been rapidly increased, and the imports and exports of medical equipment have been enormously increased; therefore, the market recorded substantial growth during the pandemic period. Hence, the market is anticipated to register new growth heights during the forecast period.

REPORT COVERAGE:

REPORT METRIC

DETAILS

Market Size Available

2019 to 2025

Base Year

2019

Forecast Period

2020 to 2025

Segments Covered

By Product and Region

Various Analyses Covered

Global, Regional & Country Level Analysis, Segment-Level Analysis, DROC, PESTLE Analysis, Porter’s Five Forces Analysis, Competitive Landscape, Analyst Overview on Investment Opportunities

Regions Covered

North America, Europe, Asia Pacific, Latin America, Middle East & Africa

 

This market research report on the global hospital supplies market has been segmented and sub-segmented based on the product and region.

Hospital Supplies Market – By Product:

  • Operating Room Equipment
  • Sterilization & Disinfectant Equipment
  • Syringes & Needles
  • Patient Examination Devices
  • Mobility Aids & Transportation Equipment
  • Disposable Hospital Supplies

Based on the product, the Disposable hospital supplies lead the market with a market share of 46%, followed by the syringes and needle segment with a market share of 23%.

Hospital Supplies Market – By Region:

  • North America
  • Europe
  • Asia-Pacific
  • Latin America
  • The Middle East and Africa

Geographically, the North American market is predicted to lead the global hospital supplies market during the forecast period, followed by Asia-Pacific and Europe. The disposable hospital supplies had exceptional growth in the recent past and are projected to add fuel to the growth rate of the North American market. Similarly, syringes and needle supplies also recorded the dominant share of 23% during the forecast period. The U.S. market was the leading contributor to the growth of the North American market with a market share of 74% due to the increasing elderly population, and the number of hospitals increases the market growth.

The European market held a substantial market share in the global market in 2019 and is forecasted to continue its steady growth during the forecast period. The European market's emergency medical supplies were valued at 7.4 billion in 2020, and it is projected to rise with a CAGR of 20.0% between 2020 to 2025. Major countries such as Italy, France, and Spain are the most affected countries by covid-19, thereby creating demand for medical supplies.

However, the Asia-Pacific region, which comprises countries such as China and India, is projected to grow at the highest CAGR during the forecast period due to the unprecedented rate of population growth. The Asia Pacific is one of the fastest-growing regions in the global hospital supplies market. In recent times, the sudden outbreak of covid-19 has increased the demand for medical equipment in developing countries such and India and China. The Chinese hospital supplies market showed significant growth in the recent past. Merger and acquisitions and joint ventures had led to the private hospital expansion in this region.

The Latin American market is expected to grow at a steady CAGR during the forecast period. Statistics show medical equipment market size will reach an amount of 30 million in 2021.

Middle East Africa, the hospital supplies market, is projected to have a moderate growth rate during the forecast period. The hospital supplies market size of Middle East Africa was valued at 2.09 billion in 2020. It is estimated to witness USD 3.47 Billion with an increasing CAGR of 10.76% during the forecast period. The requirement of clinical equipment and developing healthcare foundations is projected to improve this region's market growth.

KEY MARKET PARTICIPANTS:

The most promising players dominating the global hospital supplies market profiled in this 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.

The top players in the global hospital supplies market are likely to face intense competition from some of the budding companies in the coming years, exemplifying the open nature of this market.

KEY HAPPENINGS IN THIS MARKET IN THE RECENT PAST:

  • In February 2020, Fresenius Kabi announced the Glucagon emergency kit's availability. An FDA-approved and cost-effective alternative to treating severe hypoglycemia in people with diabetes. 
  • In February 2020, Becton, Dickinson and Company, a leading medical technology company, and Babson Diagnostics announced a long-term partnership to bring laboratory-quality, small volume blood collection to retail pharmacies. 
  • In February 2020, Becton, Dickinson and Company, a leading global medical technology company, has announced the completion of a 50subject human clinical trial with the BD Libertas Wearable injector. 
  • In February 2020, Fresenius announced that it had achieved a 510 (K) clearance for its Novalung system, which reduces the need for medical ventilation. 
  • In February 2020, Baxter International Inc., a global leader in advancing surgical innovation, announced 510(k) clearance from the US FDA for a new generation of its Peri-Strip Dry with Veritas Collagen Matrix product, known as PSDV with secure Grip. 
  • In April 2019, Johnson & Johnson announced that it had completed its Advanced Sterilization Products (ASP) divestiture to Furtive Corporation. 
  • In October 2019, Advanced Sterilization Products (ASP) had announced its new brand strategy with a refreshed mission, new logo. The original purpose is to protect patients from their most critical cases. 
  • In June 2018, Fortive made a binding offer to buy Johnson & Johnson Ethicon’s Advanced Sterilization Products business for a total of $2.8 billion.

1. Introduction                                 

                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                                           

                2.1 Introduction                               

                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. Overview                                       

                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                                              

                6.1 North America                          

                                6.1.1 Introduction           

                                6.1.2 United States         

                                6.1.3 Canada     

                6.2 Europe                         

                                6.2.1 Introduction           

                                6.2.2 U.K             

                                6.2.3 Spain         

                                6.2.4 Germany 

                                6.2.5 Italy            

                                6.2.6 France       

                6.3 Asia-Pacific                 

                                6.3.1 Introduction           

                                6.3.2 China         

                                6.3.3 India          

                                6.3.4 Japan         

                                6.3.5 South Korea           

                                6.3.6 Australia   

                6.4 Latin America                             

                                6.4.1 Introduction           

                                6.4.2 Brazil          

                                6.4.3 Argentina

                                6.4.4 Mexico     

                                6.4.5 Rest of Latin America          

                6.5 Middle East & Africa                               

                                6.5.1 Introduction           

                                6.5.2 Middle-East            

                                6.5.3 Africa         

7. Strategic Analysis                                       

                7.1 PESTLE analysis                         

                                7.1.1 Political     

                                7.1.2 Economic 

                                7.1.3 Social         

                                7.1.4 Technological         

                                7.1.5 Legal          

                                7.1.6 Environmental       

                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.                              

                                8.1.1 Overview 

                                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                 

                8.5 Becton                          

                8.6 3M Health Care                         

                8.7 B. Braun Melsungen AG                        

9. Competitive Landscape                                           

                9.1 Market share analysis                            

                9.2 Merger and Acquisition Analysis                       

                9.3 Agreements, collaborations and Joint Ventures                         

                9.4 New Product Launches                         

10. Expert Opinions                                        

                10.1 Market Outlook                     

                10.2 Investment Opportunities                 

Appendix                                           

                a) List of Tables                

                b) List of Figures                              

  • Global, regional, and country-level analysis and forecasts of the study market; providing Insights on the major countries/regions in which this industry is blooming and to also identify the regions that are still untapped
  • Segment-level analysis in terms of technology, component, and type along with market size forecasts and estimations to detect key areas of industry growth in detail
  • Identification of key drivers, restraints, opportunities, and challenges (DROC) in the market and their impact on shifting market dynamics
  • Study of the effect of exogenous and endogenous factors that affect the global market; which includes broadly demographic, economics, and political, among other macro-environmental factors presented in an extensive PESTLE Analysis
  • Study the micro environment factors that determine the overall profitability of an Industry, using Porter’s five forces analysis for analysing the level of competition and business strategy development
  • A comprehensive list of key market players along with their product portfolio, current strategic interests, key financial information, legal issues, SWOT analysis and analyst overview to study and sustain the market environment
  • Competitive landscape analysis listing out the mergers, acquisitions, collaborations in the field along with new product launches, comparative financial studies and recent developments in the market by the major companies
  • An executive summary, abridging the entire report in such a way that decision-making personnel can rapidly become acquainted with background information, concise analysis and main conclusions
  • Expertly devised analyst overview along with Investment opportunities to provide both individuals and organizations a strong financial foothold in the market
  1. Global Hospital Supplies Market, By Region, From 2020 to 2025 (USD Billion)
  2. Global Hospital Supplies Market, By Product Type, From 2020 to 2025 (USD Billion)
  3. Global Operating Room Equipment Market, By Region, From 2020 to 2025 (USD Billion)
  4. Global Sterilization & Disinfectant Equipment Market, By Region, From 2020 to 2025 (USD Billion)
  5. Global Syringes & Needles Market, By Region, From 2020 to 2025 (USD Billion)
  6. Global Patient Examination Devices Market, By Region, From 2020 to 2025 (USD Billion)
  7. Global Mobility Aids & Transportation Equipment Market, By Region, From 2020 to 2025 (USD Billion)
  8. Global Disposable Hospital Supplies Market, By Region, From 2020 to 2025 (USD Billion)
  9. North America Hospital Supplies Market, By Region, From 2020 to 2025 (USD Billion)
  10. North America Hospital Supplies Market, By Product Type, From 2020 to 2025 (USD Billion)
  11. North America Operating Room Equipment Market, By Region, From 2020 to 2025 (USD Billion)
  12. North America Sterilization & Disinfectant Equipment Market, By Region, From 2020 to 2025 (USD Billion)
  13. North America Syringes & Needles Market, By Region, From 2020 to 2025 (USD Billion)
  14. North America Patient Examination Devices Market, By Region, From 2020 to 2025 (USD Billion)
  15. North America Mobility Aids & Transportation Equipment Market, By Region, From 2020 to 2025 (USD Billion)
  16. North America Disposable Hospital Supplies Market, By Region, From 2020 to 2025 (USD Billion)
  17. United States Hospital Supplies Market, By Product Type, From 2020 to 2025 (USD Billion)
  18. Canada Hospital Supplies Market, By Product Type, From 2020 to 2025 (USD Billion)
  19. Europe Hospital Supplies Market, By Region, From 2020 to 2025 (USD Billion)
  20. Europe Hospital Supplies Market, By Product Type, From 2020 to 2025 (USD Billion)
  21. Europe Operating Room Equipment Market, By Region, From 2020 to 2025 (USD Billion)
  22. Europe Sterilization & Disinfectant Equipment Market, By Region, From 2020 to 2025 (USD Billion)
  23. Europe Syringes & Needles Market, By Region, From 2020 to 2025 (USD Billion)
  24. Europe Patient Examination Devices Market, By Region, From 2020 to 2025 (USD Billion)
  25. Europe Mobility Aids & Transportation Equipment Market, By Region, From 2020 to 2025 (USD Billion)
  26. Europe Disposable Hospital Supplies Market, By Region, From 2020 to 2025 (USD Billion)
  27. U.K Hospital Supplies Market, By Product Type, From 2020 to 2025 (USD Billion)
  28. Spain Hospital Supplies Market, By Product Type, From 2020 to 2025 (USD Billion)
  29. Germany Hospital Supplies Market, By Product Type, From 2020 to 2025 (USD Billion)
  30. Italy Hospital Supplies Market, By Product Type, From 2020 to 2025 (USD Billion)
  31. France Hospital Supplies Market, By Product Type, From 2020 to 2025 (USD Billion)
  32. Asia-Pacific Hospital Supplies Market, By Region, From 2020 to 2025 (USD Billion)
  33. Asia-Pacific Hospital Supplies Market, By Product Type, From 2020 to 2025 (USD Billion)
  34. Asia-Pacific Operating Room Equipment Market, By Region, From 2020 to 2025 (USD Billion)
  35. Asia-Pacific Sterilization & Disinfectant Equipment Market, By Region, From 2020 to 2025 (USD Billion)
  36. Asia-Pacific Syringes & Needles Market, By Region, From 2020 to 2025 (USD Billion)
  37. Asia-Pacific Patient Examination Devices Market, By Region, From 2020 to 2025 (USD Billion)
  38. Asia-Pacific Mobility Aids & Transportation Equipment Market, By Region, From 2020 to 2025 (USD Billion)
  39. Asia-Pacific Disposable Hospital Supplies Market, By Region, From 2020 to 2025 (USD Billion)
  40. China Hospital Supplies Market, By Product Type, From 2020 to 2025 (USD Billion)
  41. India Hospital Supplies Market, By Product Type, From 2020 to 2025 (USD Billion)
  42. Japan Hospital Supplies Market, By Product Type, From 2020 to 2025 (USD Billion)
  43. South Korea Hospital Supplies Market, By Product Type, From 2020 to 2025 (USD Billion)
  44. Australia Hospital Supplies Market, By Product Type, From 2020 to 2025 (USD Billion)
  45. Latin America Hospital Supplies Market, By Region, From 2020 to 2025 (USD Billion)
  46. Latin America Hospital Supplies Market, By Product Type, From 2020 to 2025 (USD Billion)
  47. Latin America Operating Room Equipment Market, By Region, From 2020 to 2025 (USD Billion)
  48. Latin America Sterilization & Disinfectant Equipment Market, By Region, From 2020 to 2025 (USD Billion)
  49. Latin America Syringes & Needles Market, By Region, From 2020 to 2025 (USD Billion)
  50. Latin America Patient Examination Devices Market, By Region, From 2020 to 2025 (USD Billion)
  51. Latin America Mobility Aids & Transportation Equipment Market, By Region, From 2020 to 2025 (USD Billion)
  52. Latin America Disposable Hospital Supplies Market, By Region, From 2020 to 2025 (USD Billion)
  53. Brazil Hospital Supplies Market, By Product Type, From 2020 to 2025 (USD Billion)
  54. Argentina Hospital Supplies Market, By Product Type, From 2020 to 2025 (USD Billion)
  55. Mexico Hospital Supplies Market, By Product Type, From 2020 to 2025 (USD Billion)
  56. Middle East & Africa Hospital Supplies Market, By Region, From 2020 to 2025 (USD Billion)
  57. Middle East & Africa Hospital Supplies Market, By Product Type, From 2020 to 2025 (USD Billion)
  58. Middle East & Africa Operating Room Equipment Market, By Region, From 2020 to 2025 (USD Billion)
  59. Middle East & Africa Sterilization & Disinfectant Equipment Market, By Region, From 2020 to 2025 (USD Billion)
  60. Middle East & Africa Syringes & Needles Market, By Region, From 2020 to 2025 (USD Billion)
  61. Middle East & Africa Patient Examination Devices Market, By Region, From 2020 to 2025 (USD Billion)
  62. Middle East & Africa Mobility Aids & Transportation Equipment Market, By Region, From 2020 to 2025 (USD Billion)
  63. Middle East & Africa Disposable Hospital Supplies Market, By Region, From 2020 to 2025 (USD Billion)
  64. Middle East Hospital Supplies Market, By Product Type, From 2020 to 2025 (USD Billion)
  65. Africa Hospital Supplies Market, By Product Type, From 2020 to 2025 (USD Billion)

Please wait. . . . Your request is being processed

Related Reports

LICENCE TYPE

$ 1234 4255

Clients
clients
clients
clients
clients
clients
clients
Click for Request Sample