Global Hospital Supplies Market Trends And Strategies Of Major Players In The Hospital Supplies Market 2021-2030
26 Apr, 2021
The hospital supplies market consists of sales of hospital supplies and related services by entities (organizations, sole traders and partnerships) that produce hospital supplies.
Global Hospital Supplies Market Size And Drivers:
The global hospital supplies market is expected to grow from $40.61 billion in 2020 to $48.69 billion in 2021 at a compound annual growth rate (CAGR) of 19.9%. The market is expected to reach $67.78 billion in 2025 at a CAGR of 9%. The hospital supplies market is expected to benefit from the rise in precautionary measures being adopted to treat and control hospital acquired infections (HAIs). HAIs, also known as nosocomial infections, are infections that patients contract during treatment for medical or surgical conditions.
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Trends In The Global Hospital Supplies Market
Injection manufacturers are increasingly investing in painless injections and needle-free technology as a replacement to conventional injections for faster delivery of drugs, hormone treatments, insulin and vaccines. Painless injections include microneedle patches and laser-based devices to deliver drugs to a patient’s body. Microneedle patches are skin patches equipped with tiny plastic needles that dissolve within a short period and deliver vaccine painlessly in the form of pressured stream of liquid. These devices are utilized to avoid pain and manage chronic illness such as diabetes.
Global Hospital Supplies Market Segments:
The global hospital supplies market is further segmented based on type, end user, type of expenditure, product, and geography.
By Type: Disposable Hospital Supplies, Sterilization Equipment And Disinfectants, Mobility Aids And Transportation Equipment, Operating Room Equipment.
By End User: Hospitals And Clinics, Diagnostic Laboratories, Others.
By Type of Expenditure: Public, Private.
By Product: Instruments/Equipment, Disposables.
By Geography: The global hospital supplies market is segmented into North America, South America, Asia-Pacific, Eastern Europe, Western Europe, Middle East and Africa.
Among these regions, North America is the largest region in the global hospital supplies market, accounting for 38% of the total market.
Read More On The Report For The Global Hospital Supplies Market At:https://www.thebusinessresearchcompany.com/report/hospital-supplies-global-market-report-2020-30-covid-19-implications-and-growth
Hospital Supplies Global Market Report 2021 is one of a series of new reports from The Business Research Company that provides hospital supplies market overviews, analyzes and forecasts market size and growth for the global hospital supplies market, hospital supplies market share, hospital supplies market players, hospital supplies market segments and geographies, hospital supplies market’s leading competitors’ revenues, profiles and market shares. The hospital supplies market report identifies top countries and segments for opportunities and strategies based on market trends and leading competitors’ approaches.