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The Asia-Pacific hospital supplies market is expected to witness a CAGR of 12.5%, during the forecast period. There is swift growth in the China hospital industry due to the stable advancement of the health care reform and due to the constant increase in the demand stimulus.
High Demand for Supplies and Other Healthcare Facilities in Developing Countries
In the Asia Pacific, India has the lowest hospital number of the bed density figures among the major countries. A high, and unmet needs for the hospital supplies, like mobility aids & transportation equipment, sterilization & disinfectant equipment and patient examination devices has a demand, which exists in these developing countries. Hence, the shortage of the hospital supplies is generating a huge demand in the market, which is expected to boost the market globally.
The other factors include growing population with lifestyle diseases, government investment in developing hospital infrastructure and the projected robust healthcare infrastructure growth.
Emergence of Home Care Services acts as a barrier for Hospital Supplies Market
The global home healthcare market was almost USD 215 billion in 2013 and is projected to grow at 8% per annum until 2020. Due to this high growth in the market, many of the healthcare organizations are now partnering with the traditional home healthcare services, or are setting up their own home healthcare services to reduce the procedure and post-procedure costs for the patients. Thus, the increase in the usage of home healthcare services, and availability of reimbursement in the developing countries are acting as a huge barrier for hospital supplies market.
The other factors include the high dependency on imports, stringent regulatory framework and capital-intensive nature of healthcare sector.
China is Expected to Grow in the Coming Future
The Asia-Pacific region is projected to grow in the upcoming future, due to the unprecedented rate of population growth in Asia-Pacific. There is rapid growth observed in China due to the stable advancement of health care reform and due to the constant increase in demand stimulus.
Key Developments in the Market
• April 2017 - Advanced Sterilization Products, has launched the new STERRAD 100NX System with ALLClearTM Technology
Major players- GE HEALTHCARE, THERMO FISCHER AND SCIENTIFIC, KIMBERLY-CLARK CORPORATION, ADVANCED STERILIZATION PRODUCTS SERVICES, BOSTON SCIENTIFIC GROUP, 3M HEALTHCARE, BECTON DICKINSON, JOHNSON & JOHNSON AND SMITH & NEPHEW, amongst others.
Reasons to Purchase this Report
• Current and future Asia-Pacific hospital supplies market outlook in the developed and emerging markets
• Analyzing various perspectives of the market with the help of Porter’s five forces analysis
• The segment that is expected to dominate the market
• Regions that are expected to witness fastest growth during the forecast period
• Identify the latest developments, market shares, and strategies employed by the major market players
• 3 months analyst support, along with the Market Estimate sheet (in Excel)
Customization of the Report
• This report can be customized to meet your requirements. Please connect with our representative, who will ensure you get a report that suits your needs
High Demand for Supplies and Other Healthcare Facilities in Developing Countries
In the Asia Pacific, India has the lowest hospital number of the bed density figures among the major countries. A high, and unmet needs for the hospital supplies, like mobility aids & transportation equipment, sterilization & disinfectant equipment and patient examination devices has a demand, which exists in these developing countries. Hence, the shortage of the hospital supplies is generating a huge demand in the market, which is expected to boost the market globally.
The other factors include growing population with lifestyle diseases, government investment in developing hospital infrastructure and the projected robust healthcare infrastructure growth.
Emergence of Home Care Services acts as a barrier for Hospital Supplies Market
The global home healthcare market was almost USD 215 billion in 2013 and is projected to grow at 8% per annum until 2020. Due to this high growth in the market, many of the healthcare organizations are now partnering with the traditional home healthcare services, or are setting up their own home healthcare services to reduce the procedure and post-procedure costs for the patients. Thus, the increase in the usage of home healthcare services, and availability of reimbursement in the developing countries are acting as a huge barrier for hospital supplies market.
The other factors include the high dependency on imports, stringent regulatory framework and capital-intensive nature of healthcare sector.
China is Expected to Grow in the Coming Future
The Asia-Pacific region is projected to grow in the upcoming future, due to the unprecedented rate of population growth in Asia-Pacific. There is rapid growth observed in China due to the stable advancement of health care reform and due to the constant increase in demand stimulus.
Key Developments in the Market
• April 2017 - Advanced Sterilization Products, has launched the new STERRAD 100NX System with ALLClearTM Technology
Major players- GE HEALTHCARE, THERMO FISCHER AND SCIENTIFIC, KIMBERLY-CLARK CORPORATION, ADVANCED STERILIZATION PRODUCTS SERVICES, BOSTON SCIENTIFIC GROUP, 3M HEALTHCARE, BECTON DICKINSON, JOHNSON & JOHNSON AND SMITH & NEPHEW, amongst others.
Reasons to Purchase this Report
• Current and future Asia-Pacific hospital supplies market outlook in the developed and emerging markets
• Analyzing various perspectives of the market with the help of Porter’s five forces analysis
• The segment that is expected to dominate the market
• Regions that are expected to witness fastest growth during the forecast period
• Identify the latest developments, market shares, and strategies employed by the major market players
• 3 months analyst support, along with the Market Estimate sheet (in Excel)
Customization of the Report
• This report can be customized to meet your requirements. Please connect with our representative, who will ensure you get a report that suits your needs
Frequently Asked Questions
This market study covers the global and regional market with an in-depth analysis of the overall growth prospects in the market. Furthermore, it sheds light on the comprehensive competitive landscape of the global market. The report further offers a dashboard overview of leading companies encompassing their successful marketing strategies, market contribution, recent developments in both historic and present contexts.
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The report provides a detailed evaluation of the market by highlighting information on different aspects which include drivers, restraints, opportunities, and threats. This information can help stakeholders to make appropriate decisions before investing.
