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Market Overview
The Australian hospital supplies market is expected to witness a CAGR of 10% during the forecast period. Certain factors that are driving the growth of the market include increasing incidences of communicable diseases and growing public awareness about hospital acquired infections (HAIs).
According to the Department of Health, Government of Australia, communicable diseases are to be considered a significant public health priority. The health problems currently faced by Australia are very diverse, such as foodborne diseases, sexually transmitted diseases, and the emergence of antimicrobial-resistant bacteria, vaccine-preventable diseases, and vector-borne diseases.
The Office of Health Protection (OHP) is engaged in a range of activities to reduce the incidence and the social and economic impact of communicable diseases.
The National Framework for Communicable Disease Control brings together the government, agencies, and committees under the goal of strengthening the defense against communicable diseases, and recommends outcomes required to achieve the key objectives, including improved communicable disease prevention, detection, and response, as well as improved organization and delivery of communicable disease control.
However, the emergence of home care services is expected to hinder the market’s growth. Australia has had a national home care program for around 20 years. The country’s national home care program, called HACC, has been developed to provide a comprehensive range of services to mainly support frail, aged people and people with disabilities in their home, and also to prevent their premature admission to residential care. The traditional homecare services include home nursing, homemaking, and delivery of meals.
Scope of the Report
Hospital Supplies are defined as products or devices used in providing care, specifically in hospitals, which may cover a wide range, from furnaces to surgical dressings. Hospital medical equipment and supplies include various devices, tools, instruments, and medical consumables that are used in hospitals and healthcare establishments.
Key Market Trends
Disposable Hospital Supplies Segment is Expected to hold a Significant Market Share in the Product Type
Disposable medical supplies, such as first aid supplies, disposable apparel, blood collection tools, testing supplies, etc., are always on demand. They are extremely crucial for carrying out any medical procedure in hospitals. Over recent years, the disposable market has been growing consistently, and it is expected to account for strong growth in the near future as well. Products with enhanced performance, infection prevention, and efficacy are propelling the increase in demand for medical disposables in Australia. Demand for disposable devices is rising in Australia, as the country is modernizing its healthcare infrastructure. The growing presence of medical facilities in the region and the growing geriatric population act as the major growth drivers for the disposable hospital supplies segment.
Competitive Landscape
The Australian hospital supplies market, which is highly competitive, consists of a number of major players. Companies, such as 3M Healthcare, Advanced Sterilization Products Services Inc., Ansell Limited, B. Braun Melsungen AG, Becton, Dickinson and Company, Cardinal Health Inc., Covidien PLC, Invacare Corporation, Medline Industries, and Molnlycke Healthcare AB, among others, hold a substantial market share in the Australian hospital supplies market.
Reasons to Purchase this report:
- The market estimate (ME) sheet in Excel format
- Report customization as per the client's requirements
- 3 months of analyst support
The Australian hospital supplies market is expected to witness a CAGR of 10% during the forecast period. Certain factors that are driving the growth of the market include increasing incidences of communicable diseases and growing public awareness about hospital acquired infections (HAIs).
According to the Department of Health, Government of Australia, communicable diseases are to be considered a significant public health priority. The health problems currently faced by Australia are very diverse, such as foodborne diseases, sexually transmitted diseases, and the emergence of antimicrobial-resistant bacteria, vaccine-preventable diseases, and vector-borne diseases.
The Office of Health Protection (OHP) is engaged in a range of activities to reduce the incidence and the social and economic impact of communicable diseases.
The National Framework for Communicable Disease Control brings together the government, agencies, and committees under the goal of strengthening the defense against communicable diseases, and recommends outcomes required to achieve the key objectives, including improved communicable disease prevention, detection, and response, as well as improved organization and delivery of communicable disease control.
However, the emergence of home care services is expected to hinder the market’s growth. Australia has had a national home care program for around 20 years. The country’s national home care program, called HACC, has been developed to provide a comprehensive range of services to mainly support frail, aged people and people with disabilities in their home, and also to prevent their premature admission to residential care. The traditional homecare services include home nursing, homemaking, and delivery of meals.
Scope of the Report
Hospital Supplies are defined as products or devices used in providing care, specifically in hospitals, which may cover a wide range, from furnaces to surgical dressings. Hospital medical equipment and supplies include various devices, tools, instruments, and medical consumables that are used in hospitals and healthcare establishments.
Key Market Trends
Disposable Hospital Supplies Segment is Expected to hold a Significant Market Share in the Product Type
Disposable medical supplies, such as first aid supplies, disposable apparel, blood collection tools, testing supplies, etc., are always on demand. They are extremely crucial for carrying out any medical procedure in hospitals. Over recent years, the disposable market has been growing consistently, and it is expected to account for strong growth in the near future as well. Products with enhanced performance, infection prevention, and efficacy are propelling the increase in demand for medical disposables in Australia. Demand for disposable devices is rising in Australia, as the country is modernizing its healthcare infrastructure. The growing presence of medical facilities in the region and the growing geriatric population act as the major growth drivers for the disposable hospital supplies segment.
Competitive Landscape
The Australian hospital supplies market, which is highly competitive, consists of a number of major players. Companies, such as 3M Healthcare, Advanced Sterilization Products Services Inc., Ansell Limited, B. Braun Melsungen AG, Becton, Dickinson and Company, Cardinal Health Inc., Covidien PLC, Invacare Corporation, Medline Industries, and Molnlycke Healthcare AB, among others, hold a substantial market share in the Australian hospital supplies market.
Reasons to Purchase this report:
- The market estimate (ME) sheet in Excel format
- Report customization as per the client's requirements
- 3 months of analyst support
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.
- By product type
- By End User/Applications
- By Technology
- By Region
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.
