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Hospital Supplies Market|Industry Trends|Market Insights|Market Forecast to 2026

(Medical-NewsWire.com, October 18, 2019 ) Market Overview:
Hospital supplies refer to the equipment and medical devices used in the field like hospitals, healthcare centers, and private clinics. Hospital also supplies safety enhanced devices along with medical lasers, endoscopes, diagnostic equipment, and dental equipment. In recent times, the incorporation of technology into medical devices, the latest medical technologies, and better diagnostic techniques are expected to accelerate the demand in the Hospital Supplies Market.

Market Dynamics:
Hospital Supplies Market growth is driven by the increasing incidences of communal and inflammatory diseases like sexually transmitted diseases and pneumococcal diseases, rising public awareness about hospital-acquired infections, high demand for hospital supplies in developing countries, technological advancements in the healthcare sector.

Increasing incidences of communal and inflammatory diseases like sexually transmitted diseases and pneumococcal diseases are expected to drive the market over the period of forecast. For instance, sexually transmitted diseases (STD's) are considered as one of the most critical health challenges globally. STDs usually include more than 25-30 infectious diseases that are generally transmitted by sexual activities. According to WHO, in 2015, about 1.1 billion people had STIs other than HIV/AIDS. It is estimated that by 2019, more than 1 million sexually transmitted infections (STIs) will be acquired every day. Every year, there are an estimated 376 million new infections with 1 of 4 STIs like chlamydia, gonorrhea, syphilis, and trichomoniasis. Thus, growing incidences of STI's is boosting the Hospital Supplies Market.

However, the emergence of home care services is restraining the market. For instance, the emergence of several home care services like Medical Social Work Services, Nursing Services, Nutritional Services, etc. are likely to hamper the market growth of hospital supplies over the period of forecast.

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Market Segmentation:
Based on type, the Hospital Supplies Market is segmented into disposable hospital supplies, patient examination devices, operating room equipment, sterilization and disinfectant equipment, mobility aids and transportation equipment, syringes and needles, and others.

The disposable segment is expected to propel the market over the period of forecast. The disposable hospital supplies are the one-time use products, such as consumables, medical apparatus, and disposable devices, which are consumed in large numbers across all hospitals. Products such as exam gowns, suction catheters, bandages and wraps, surgical sponges, gloves, face masks, hypodermic needles, needles, and others, are in continuous use to all the hospital professionals from the cleaning to the surgical theaters, as well as administrative departments in some cases. Thus, the constant growth in the adoption of these devices is owing to the rising concern of safety and cleanliness against the hospital-acquired infections, as well as to maintain hygiene across the hospitals.

Based on application, the Hospital Supplies Market is segmented into hospitals, clinics, and others.

The hospital's segment is expected to drive the Hospital Supplies Market over the period of forecast. This is attributable to the increased number of hospitals, growing prevalence of lifestyle-based diseases like hypertension, obesity, diabetes, and raised demand for various diagnostic options.

Geographical Analysis:
By geography, the market is segmented into North America, Asia-Pacific (APAC), Europe, South America, and the Middle East and Africa (MEA).

North America is dominating the Hospital Supplies Market in 2018 and estimated to hold largest market size over the forecast period (2019-2026) owing to the high focus on the cost-effective and innovative procedures adopted in the US, rising incidence of inflammatory and hospital-acquired infections, increasing prevalence for lifestyle-based diseases such as cardiovascular diseases, diabetes, hypertension, and obesity in the region, and rising geriatric population at an unprecedented rate.

Rising incidence of hospital-acquired infections, inflammatory diseases, and the growing awareness about them is expected to boost the market. For instance, in American hospitals alone, the CDC has reported that HAIs accounts for about 1.7 million infections and 99,000 deaths every year. Of these infections, 32 % of all healthcare-acquired infection are urinary tract infections, 22 % are surgical site infections, 15 % are pneumonia (lung infections), and 14 % are bloodstream infections. The CDC estimates that there are around 20 million new sexually transmitted infections each year. The cost of STDs to the U.S. health care system is estimated to be as much as $16 billion annually in 2008.

Competitive Analysis:
Some of the key players in the Hospital Supplies Market are Thermo Fisher Scientific, Johnson & Johnson, GE Healthcare, Medtronic, Cardinal Health, Boston Scientific Corporation, Becton Dickinson and Company, Baxter International, 3M Healthcare and others.

View Full Report Summary: https://www.datamintelligence.com/research-report/hospital-supplies-market

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Email: pr@datamintelligence.com
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DataM Intelligence

Sai Kiran

+1 877 441 4866

pr@datamintelligence.com

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