The global hospital supplies market size is expected to grow from $50.25 billion in 2021 to $55.02 billion in 2022 at a compound annual growth rate (CAGR) of 9.5%. The global hospital supplies market size is then expected to grow to $75.42 billion in 2026 at a CAGR of 8.2%.
What is the Global Hospital Supplies Market?
The hospital supplies market consists of sales of hospital supplies and related services by entities (organizations, sole traders, and partnerships) that produce hospital supplies.
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What drives the Global Hospital Supplies Market?
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. HAIs can occur in various healthcare facilities, including hospitals, surgical centers, and long-term care facilities such as nursing homes and rehabilitation facilities. According to WHO data, Of every 100 hospitalized patients at any given time, 7 in developed and 10 in developing countries will acquire at least one healthcare-associated infection. This is expected to boost the demand for hospital supplies and drive the market during the forecast period.
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Global Hospital Supplies Market Segments
The global hospital supplies market is segmented:
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 regions covered in the hospital supplies market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, and Africa.
Hospital Supplies Global Market Report 2022provides market size and growth forecasts for the global hospital supplies market, hospital supplies global market share, hospital supplies market segments and geographies, hospital supplies market competitive landscape including leading competitors’ revenues, profiles and market shares. The hospital supplies global market report identifies top countries and segments for opportunities and strategies based on market trends and leading competitors’ approaches.
Global Hospital Supplies Industry Playersinclude Becton Dickinson, B. Braun Group, Steris, Baxter International Inc., Stryker Corporation, Cardinal Health, Inc., Hill-Rom, Inc, Terumo Corporation, Medtronic Inc., and 3M Company. Based on industry trends and company analysis, the report explains a number of strategies for companies in the market.
