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Pulished Date April, 2021
ID: 658
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North America Hospital Supplies Market Research Report - Segmented By Product Type & Country (The United States, Canada and Rest of North America) - Industry Analysis on Size, Share, Trends, COVID-19 Impact & Growth Forecast (2021 to 2026)

Pulished: April, 2021
ID: 658
Pages: 137

North America Hospital Supplies Market Size (2021 to 2026)

The size of the Hospital Supplies Market in North America is forecasted to worth USD 24.59 billion by 2026 and USD 14.14 billion in 2021, growing at a CAGR of 11.70% during the forecast period. The North American hospital supplies market has been growing at a substantial rate over the past few years.

The North America Hospital supplies market is anticipated to be driven by growing public awareness about hospital-acquired infections, the tendency of governments to strictly enforce regulatory frameworks for using hospitals' equipment strictly, and an increase in demand for various testing alternatives. In their treatment and diagnostic processes, patients with chronic and severe illnesses require technologically advanced medical instruments. Due to an increase in the number of illnesses, the healthcare sector and hospitals are investing in the latest medical technology to treat patients efficiently. As a result, disposable medical supplies are being more widely used across the region, and there is a rising awareness of the need to prevent hospital-acquired infections (HAIs). As a result, the number of hospitalizations due to chronic illnesses is on the rise. This, in turn, is expected to lead to a rise in the duration of hospital stays, which will have a positive impact on the disposable hospital supplies products in this region throughout the forecast period.

The North American hospital supplies market is further expected to be propelled by increased inflammatory illnesses such as sexually transmitted infections and pneumococcal diseases. The communal disease is caused by the presence of numerous microorganisms that occur in the environment. In addition, increased demand for hospital equipment and supplies has come from an aging population, leading to expanding the hospital supplies industry. Leading industry players in the hospital supplies market offer improved goods to assist medical professionals in managing their patients more efficiently through technological advances. Disposable hospital supplies are only used once, such as consumables, medical equipment, and disposable gadgets, and are used in huge quantities throughout all hospitals. Suction catheters, bandages and wraps, exam gowns, surgical sponges, face masks, hypodermic needles, gloves, and needles are used by medical personnel in various settings, ranging from cleaning to surgical theatres in some cases, administrative departments.

The rise in the use of home healthcare services and the availability of government reimbursement in the United States is projected to hinder industry development in the hospital supplies market. Additionally, factors such as reducing private health insurance and government-imposed restrictions are all major limitations on the expansion of the hospital supply industry.

This research report on the North American Hospital Supplies Market has been segmented and sub-segmented into the following categories:

By Product Type: 

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

Based on the product type, 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%.

By Country: 

  • The United States
  • Canada
  • Rest of North America

Geographically, the USA leads the market in this region with a share of almost 74%. The North American market is very modern and is focused on innovating cost-effective procedures. In addition, companies are committed to research, sourcing, and quality, central to the industry's success. The hospital supplies market is projected to be led by North America, which has experienced substantial advances in healthcare infrastructure. Growing government initiatives to improve and expand healthcare facilities, a growing population and an increase in chronic illness cases might all be contributing to the region's hospital supplies market's growth. The constant focus on cost-effective and innovative methods used in the United States, which has demonstrated a growth in the hospital supplies industry, is one factor contributing to North America's high market share. In addition, market growth in this region is projected to be fuelled by rising communicable illnesses and hospital-acquired infections.

KEY MARKET PLAYERS:

Companies playing a dominant role in the North America 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 North American hospital supply market are likely to face intense competition from some of the budding companies in the coming years, exemplifying the open nature of this market.

1.Introduction                                  

                1.1 Market Definition                    

                1.2 Study Deliverables                  

                1.3 Base Currency, Base Year and Forecast Periods                          

                1.4 General Study Assumptions                

  1. 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                          

  1. Overview

                3.1 Executive Summary                

                3.2 Key Inferences                         

                3.3 New Developments                               

  1. 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                              

  1. 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           

  1. Geographical Analysis

                                6.1 Introduction               

                                6.2 United States            

                                6.3 Canada         

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                                           

  1. a) List of Tables
  2. b) List of Figures
  • 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. North America Hospital Supplies Market, By Region, From 2021 to 2026 (USD Billion)
  2. North America Hospital Supplies Market, By Product Type, From 2021 to 2026 (USD Billion)
  3. North America Operating Room Equipment Market, By Region, From 2021 to 2026 (USD Billion)
  4. North America Sterilization & Disinfectant Equipment Market, By Region, From 2021 to 2026 (USD Billion)
  5. North America Syringes & Needles Market, By Region, From 2021 to 2026 (USD Billion)
  6. North America Patient Examination Devices Market, By Region, From 2021 to 2026 (USD Billion)
  7. North America Mobility Aids & Transportation Equipment Market, By Region, From 2021 to 2026 (USD Billion)
  8. North America Disposable Hospital Supplies Market, By Region, From 2021 to 2026 (USD Billion)
  9. United States Hospital Supplies Market, By Product Type, From 2021 to 2026 (USD Billion)
  10. Canada Hospital Supplies Market, By Product Type, From 2021 to 2026 (USD Billion)

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