Hospital Supplies Market Predicted to reach $61.5 billion by 2023
Hospital Supplies Market - Global Industry Analysis, Size, Share, Growth, Trends, and Forecasts (2018–2023)
(EMAILWIRE.COM, November 30, 2018 ) Hospital Supplies Market Overview:
Hospital medical equipment and supplies denote the various devices, instruments and medical consumables that are utilized in hospitals and healthcare institutions. This market has been growing at a significant rate over the past few years.
Top players in the global hospital supplies market are launching technically innovative hospital supplies to help doctors better manage their patients. With an extensive category of development and investment prospects for budding players seeking to be a part of the medical device market, continual growth of the global hospital supplies market is expected.
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The growth of the Global Hospital Supplies Market is majorly driven by factors such as growing awareness about HAIs (hospital acquired infections), rising number of hospitals, aging population, increasing occurrences of communal diseases, methods such as frequent glove swapping and double gloving during procedures. Improved economic situation in the developing countries is another major factor boosting the growth of the market. However, advent of home care services, strict regulatory structure, advance of personalized medicine and drop in private health insurance are the major restraints hindering the growth of the market.
Hospital Supplies Market Forecast Report (2018-2023)
The Global Hospital Supplies Market was worth $35.21 billion in 2018 and estimated to be growing at a CAGR of 11.80%, to reach $61.5 billion by 2023.
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Hospital Supplies Market Segmentation:
Based on product type, the Global Hospital Supplies Market is segmented into Operating Room Equipment, Sterilization & Disinfectant Equipment, Syringes & Needles, Patient Examination Devices, Mobility Aids & Transportation Equipment, and Disposable Hospital Supplies. Disposable hospital supplies lead the market with a market share of 46% followed by syringes and needle segment with a market share of 23%.
The market has also been geographically segmented into North America, Europe, Asia-Pacific and the Rest of the World. North America is the leading player in the global Hospital Supplies market followed by Asia-Pacific and Europe. However, the Asia-Pacific region, which comprises of countries such as China and India, is projected to grow at the highest CAGR during the forecast period due to the unprecedented rate of population growth in this region
Major Players:
The major companies dominating this market for its products and services are
1. Advanced Sterilization Products Services Inc.,
2. Dickinson and Company,
3. Cardinal Health, Inc.,
4. Kimberly-Clark Corporation,
5. Becton,
6. 3M Health Care,
7. B. Braun Melsungen AG.
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Scope of the report:
The report offers a comprehensive analysis of the industry by providing the estimations of market potential and forecasts with utmost granularity. Along this, the factors influential in effecting the market dynamics and trends are discussed in detail at the product level. Further, the performance of the market at the regional and country-level is assessed and the prospects with high growth potential are identified and debated.
The key players in the industry are profiled providing insights on their financial performance, market position and growth strategies.
Comparative analysis on prime strategically activities of the market players delineating the key developments like mergers & acquisitions, collaborations and an evaluation of the competitive environment within the industry are provided. The report also offers a broad outlook of the market along with recommendations from industry experts on the opportunities for investment activity.
What else? Apart from the syndicated report, our in-house team has an expertise and experience in designing custom reports to meet your specific research needs and assist you in making well-informed decisions.
Customize Report @ https://www.marketdataforecast.com/market-reports/hospital-supplies-market-714/customize-report
About Us
Market Data Forecast is a firm working in the areas of market research, business intelligence and consulting. We have rich experience in research and consulting for various business domains to cater to the needs of both individual and corporate clients.
Hospital medical equipment and supplies denote the various devices, instruments and medical consumables that are utilized in hospitals and healthcare institutions. This market has been growing at a significant rate over the past few years.
Top players in the global hospital supplies market are launching technically innovative hospital supplies to help doctors better manage their patients. With an extensive category of development and investment prospects for budding players seeking to be a part of the medical device market, continual growth of the global hospital supplies market is expected.
Request for Sample @ https://www.marketdataforecast.com/market-reports/hospital-supplies-market-714/request-sample
The growth of the Global Hospital Supplies Market is majorly driven by factors such as growing awareness about HAIs (hospital acquired infections), rising number of hospitals, aging population, increasing occurrences of communal diseases, methods such as frequent glove swapping and double gloving during procedures. Improved economic situation in the developing countries is another major factor boosting the growth of the market. However, advent of home care services, strict regulatory structure, advance of personalized medicine and drop in private health insurance are the major restraints hindering the growth of the market.
Hospital Supplies Market Forecast Report (2018-2023)
The Global Hospital Supplies Market was worth $35.21 billion in 2018 and estimated to be growing at a CAGR of 11.80%, to reach $61.5 billion by 2023.
Browse Report Brief and TOC @ https://www.marketdataforecast.com/market-reports/hospital-supplies-market-714/
Hospital Supplies Market Segmentation:
Based on product type, the Global Hospital Supplies Market is segmented into Operating Room Equipment, Sterilization & Disinfectant Equipment, Syringes & Needles, Patient Examination Devices, Mobility Aids & Transportation Equipment, and Disposable Hospital Supplies. Disposable hospital supplies lead the market with a market share of 46% followed by syringes and needle segment with a market share of 23%.
The market has also been geographically segmented into North America, Europe, Asia-Pacific and the Rest of the World. North America is the leading player in the global Hospital Supplies market followed by Asia-Pacific and Europe. However, the Asia-Pacific region, which comprises of countries such as China and India, is projected to grow at the highest CAGR during the forecast period due to the unprecedented rate of population growth in this region
Major Players:
The major companies dominating this market for its products and services are
1. Advanced Sterilization Products Services Inc.,
2. Dickinson and Company,
3. Cardinal Health, Inc.,
4. Kimberly-Clark Corporation,
5. Becton,
6. 3M Health Care,
7. B. Braun Melsungen AG.
Buy now @ https://www.marketdataforecast.com/cart/buy-now/hospital-supplies-market-714/
Scope of the report:
The report offers a comprehensive analysis of the industry by providing the estimations of market potential and forecasts with utmost granularity. Along this, the factors influential in effecting the market dynamics and trends are discussed in detail at the product level. Further, the performance of the market at the regional and country-level is assessed and the prospects with high growth potential are identified and debated.
The key players in the industry are profiled providing insights on their financial performance, market position and growth strategies.
Comparative analysis on prime strategically activities of the market players delineating the key developments like mergers & acquisitions, collaborations and an evaluation of the competitive environment within the industry are provided. The report also offers a broad outlook of the market along with recommendations from industry experts on the opportunities for investment activity.
What else? Apart from the syndicated report, our in-house team has an expertise and experience in designing custom reports to meet your specific research needs and assist you in making well-informed decisions.
Customize Report @ https://www.marketdataforecast.com/market-reports/hospital-supplies-market-714/customize-report
About Us
Market Data Forecast is a firm working in the areas of market research, business intelligence and consulting. We have rich experience in research and consulting for various business domains to cater to the needs of both individual and corporate clients.
Contact Information:
Market Data Forecast.
Abhishek Shukla
Tel: +1-888-702-9626
Email us
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Market Data Forecast.
Abhishek Shukla
Tel: +1-888-702-9626
Email us
----
This press release is posted on EmailWire.com -- a global newswire that provides Press Release Distribution Services with Guaranteed Results