The Hospital Supplies Global Market Report 2024 by The Business Research Company provides market overview across 60+ geographies in the seven regions – Asia-Pacific, Western Europe, Eastern Europe, North America, South America, the Middle East, and Africa, encompassing 27 major global industries. The report presents a comprehensive analysis over a ten-year historic period (2011-2022) and extends its insights into a ten-year forecast period (2024-2033)
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According to The Business Research Company’s Hospital Supplies Global Market Report 2024, The hospital supplies market size has grown strongly in recent years. It will grow from $59.7 billion in 2023 to $63.93 billion in 2024 at a compound annual growth rate (CAGR) of 7.1%. The growth in the historic period can be attributed to healthcare infrastructure development, aging population, regulatory compliance, economic growth, advances in medical device and supply technology.
The hospital supplies market size is expected to see strong growth in the next few years. It will grow to $82.29 billion in 2028 at a compound annual growth rate (CAGR) of 6.5%. The growth in the forecast period can be attributed to pandemic preparedness, telemedicine and remote monitoring, sustainability initiatives, value-based care, emerging markets growth. Major trends in the forecast period include single-use medical devices, remote supply chain management, 3D printing of medical supplies, smart hospital supplies, customized and personalized supplies.
The increased number of hospitals is expected to propel the growth of the hospital supplies market going forward. A hospital is a facility dedicated to providing medical or surgical treatment to individuals who are ill or have sustained injuries. Hospitals rely on an extensive array of medical supplies and equipment to deliver high-quality care to their patients. For instance, in May 2023, according to a report published by the American Hospital Association (AHA), a US-based healthcare trade organization representing hospitals and health care networks, the total number of hospitals increased to 6,129, compared to 6,093 in 2022. Moreover, total admissions in all U.S. hospitals reached 34,011,386 compared to 33,356,853 in 2022. Therefore, the increased number of hospitals is expected to propel the growth of the hospital supplies market
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The hospital supplies market covered in this report is segmented –
1) By Type: Disposable Hospital Supplies; Sterilization Equipment And Disinfectants; Mobility Aids And Transportation Equipment; Operating Room Equipment
2) By End User: Hospitals And Clinics; Diagnostic Laboratories; Other End Users
3) By Type of Expenditure: Public; Private
4) By Product: Instruments/Equipment; Disposables
The Hospital Supplies Market Report Table Of Contents Includes:
1. Executive Summary
- Market Characteristics
- Market Trends And Strategies
- Impact Of COVID-19
- Market Size And Growth
- Segmentation
- Regional And Country Analysis
……..
- Competitive Landscape And Company Profiles
- Key Mergers And Acquisitions
- Future Outlook and Potential Analysis
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