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The global market for hospital supplies is expected to witness a CAGR of 11.5%. North America was the largest region in the hospital supplies market in 2015, accounting approximately for 50% of the total market share.
High Demand for Hospital Supplies in Developing Countries
The demand of the hospital supplies market is rising in the developing countries. Countries, like Brazil and India have the lowest hospital bed density figures among the major countries. A high and unmet need for the hospital supplies, like sterilization and disinfectant equipment and patient examination devices, exists in these developing countries. This is generating a huge demand for hospital supplies in developing countries. Further growing healthcare infrastructure and rising government initiative to enhance and expand health care facilities are augmenting the demand for hospital supplies, which is expected to boost the market globally.
The other factors driving the global hospital supplies market include increasing incidences of communal diseases and the growing public awareness about hospital-acquired infections.
Emergence of Home Care Services
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. The increase in the usage of home healthcare services, and availability of reimbursement by federal agencies in developed countries, like the United States, are acting as a huge barrier for the hospital supplies market.
The other factors impeding the growth of the market include the stringent regulatory framework and the growth of personalized medicine.
North America is the Leading the Market
North America held the leading position in the market in 2015. The factors attributing to the high market share of North America are the consistent focus on the cost-effective and innovative procedures adopted in the United States, which has shown an increase in the hospital supplies market.
Key Developments in the Market
• January 2018: Baxter launched the Arisure closed system transfer device to prevent hazardous drug exposure and maintain medication sterility.
The major players include 3M HEALTHCARE, B. BRAUN MELSUNGEN AG, BAXTER INTERNATIONAL, BECTON, DICKINSON, BOSTON SCIENTIFIC GROUP, CARDINAL HEALTH, COVIDIEN, GE HEALTHCARE, JOHNSON & JOHNSON, AND THERMO FISHER SCIENTIFIC, amongst others.
Reasons to Purchase the Report
• Follow the current and future hospital supplies market in the developed and emerging markets
• Examining the various perspectives of the market with the help of Porter’s Five Forces Analysis
• Identify the segment that is expected to dominate the market
• Identify the regions that are expected to witness the 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 analyst, who will ensure you get a report that suits your needs.
High Demand for Hospital Supplies in Developing Countries
The demand of the hospital supplies market is rising in the developing countries. Countries, like Brazil and India have the lowest hospital bed density figures among the major countries. A high and unmet need for the hospital supplies, like sterilization and disinfectant equipment and patient examination devices, exists in these developing countries. This is generating a huge demand for hospital supplies in developing countries. Further growing healthcare infrastructure and rising government initiative to enhance and expand health care facilities are augmenting the demand for hospital supplies, which is expected to boost the market globally.
The other factors driving the global hospital supplies market include increasing incidences of communal diseases and the growing public awareness about hospital-acquired infections.
Emergence of Home Care Services
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. The increase in the usage of home healthcare services, and availability of reimbursement by federal agencies in developed countries, like the United States, are acting as a huge barrier for the hospital supplies market.
The other factors impeding the growth of the market include the stringent regulatory framework and the growth of personalized medicine.
North America is the Leading the Market
North America held the leading position in the market in 2015. The factors attributing to the high market share of North America are the consistent focus on the cost-effective and innovative procedures adopted in the United States, which has shown an increase in the hospital supplies market.
Key Developments in the Market
• January 2018: Baxter launched the Arisure closed system transfer device to prevent hazardous drug exposure and maintain medication sterility.
The major players include 3M HEALTHCARE, B. BRAUN MELSUNGEN AG, BAXTER INTERNATIONAL, BECTON, DICKINSON, BOSTON SCIENTIFIC GROUP, CARDINAL HEALTH, COVIDIEN, GE HEALTHCARE, JOHNSON & JOHNSON, AND THERMO FISHER SCIENTIFIC, amongst others.
Reasons to Purchase the Report
• Follow the current and future hospital supplies market in the developed and emerging markets
• Examining the various perspectives of the market with the help of Porter’s Five Forces Analysis
• Identify the segment that is expected to dominate the market
• Identify the regions that are expected to witness the 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 analyst, 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.
