HOSPITAL SUPPLIES MARKET SIZE AND SHARE ANALYSIS - GROWTH TRENDS AND FORECASTS (2024-2031)

The global hospital supplies market is witnessing steady growth over the years driven by increasing healthcare expenditure worldwide and growing adoption of minimally invasive surgeries. Hospitals globally are procuring various medical supplies required for patient care on daily basis which includes surgical kits, syringes, bandages, and other consumables. The COVID-19 pandemic has further augmented the demand for several hospital supplies as healthcare systems ramped up their capacity to handle large influx of patients. Additionally, rise of super-specialty hospitals and growing geriatric population undergoing various medical treatments will continue to generate strong demand for diverse range of hospital supplies in the coming years.

Market Dynamics:

The key drivers propelling the growth of global hospital supplies market are increasing healthcare spending coupled with growing demand for better quality of care. Additionally, surge in surgical procedures performed annually along with rising prevalence of chronic diseases is further accelerating the sales of various hospital supplies. However, pricing pressure on medical devices companies and supply chain disruptions amid pandemic may hamper the market expansion. On the positive side, technological advancement in healthcare sector and development of smart hospitals present lucrative opportunities for healthcare product manufacturers. Moreover, growing medical tourism industry in developing nations will drive the need for high quality hospital infrastructure and related consumables.

Key Features of the Study:

- This report provides in-depth analysis of the global hospital supplies market, and provides market size (USD Billion) and compound annual growth rate (CAGR%) for the forecast period (2024–2031), considering 2022 as the base year

- It elucidates potential revenue opportunities across different segments and explains attractive investment proposition matrices for this market

- This study also provides key insights about market drivers, restraints, opportunities, new product launches or approval, market trends, regional outlook, and competitive strategies adopted by key players

- It profiles key players in the global hospital supplies market based on the following parameters – company highlights, products portfolio, key highlights, financial performance, and strategies

- Key companies covered as a part of this study include Johnson & Johnson, Baxter, Fresenius, Boston Scientific, Medtronic, BD, 3M, B. Braun, Abbott, Cardinal Health, Kimal, Medline, Vancive, Teleflex, Halyard Health, Weigao, and Ansell.

- Insights from this report would allow marketers and the management authorities of the companies to make informed decisions regarding their future product launches, type up-gradation, market expansion, and marketing tactics

- The global hospital supplies market report caters to various stakeholders in this industry including investors, suppliers, product manufacturers, distributors, new entrants, and financial analysts

- Stakeholders would have ease in decision-making through various strategy matrices used in analyzing the global hospital supplies market.

Detailed Segmentation-

• By Product
  
  • Patient Examination Devices
  • Operating Room Equipments
  • Mobility Aids and Transportation Equipments
  • Sterilization and Disinfectant Equipments
  • Blood Management & Diagnostic Supplies
  • Disposable Hospital Supplies
  • Surgical Procedure Kits & Trays
  • Syringes and Needles
  • Other Products 
• By End User
  • Hospitals & Clinics
  • Ambulatory Surgical Centres
  • Diagnostic Centres
  • Long Term Care Centres
  • Nursing Facilities
• By Region:
  • North America
  • Europe
  • Asia Pacific
  • Latin America
  • Middle East
  • Africa
• Company Profiles:
  • Medtronic plc
  • Johnson & Johnson
  • Becton, Dickinson and Company (BD)
  • Thermo Fisher Scientific Inc.
  • Cardinal Health, Inc.
  • Smith & Nephew plc
  • 3M Company
  • Stryker Corporation
  • Halyard Health, Inc.
  • Narang Medical Limited
  • GPC Medical Ltd.
  • Owens & Minor, Inc.
  • Henry Schein, Inc.
  • Fresenius SE & Co. KGaA
  • Medline Industries, Inc.
  • C.R. Bard, Inc. (now part of BD)
  • Mölnlycke Health Care
  • Otbliss Hospital Supplies Pvt. Ltd.