Hospital Supplies Market Outlook
The Global Hospital Supplies Market is projected to grow at a CAGR of 9.9% from 2024 to 2031.
Hospital supplies encompass equipment and medical devices used in hospitals, healthcare centers, and private clinics, including safety-enhanced devices, medical lasers, endoscopes, diagnostic equipment, and dental equipment.
The integration of advanced technology into medical devices, the latest medical innovations, and improved diagnostic techniques are anticipated to drive demand in the global hospital supplies market.
According to DataM Intelligence, the Hospital Supplies Market study provides a comprehensive analysis with both quantitative and qualitative data. The report also includes insights into the global Hospital Supplies Market size, growth, emerging trends, opportunities, and forecasts up to 2029, covering major countries such as the United States, Canada, Brazil, Germany, Italy, Spain, the United Kingdom, Russia, other European countries, the United Arab Emirates, Saudi Arabia, South Africa, Japan, China, India, South Korea, Australia, and other nations worldwide.
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Hospital Supplies Market Trends
The increasing incidences of communal and inflammatory diseases, such as sexually transmitted diseases (STDs) and pneumococcal diseases, are expected to drive market growth throughout the forecast period. STDs are among the most critical global health challenges, encompassing over 25-30 infectious diseases typically transmitted through sexual activity.
According to the WHO, in 2015, about 1.1 billion people had sexually transmitted infections (STIs) other than HIV/AIDS. By 2019, it was estimated that more than 1 million STIs were acquired daily, with around 376 million new infections annually involving one of four STIs: chlamydia, gonorrhea, syphilis, and trichomoniasis. The rising incidence of STIs is therefore boosting the global hospital supplies market.
Pneumococcal infections also significantly contribute to global morbidity and mortality. According to the WHO, pneumonia killed over 920,000 children in 2015, accounting for about 16% of total deaths in children under five years old. Pneumonia can be caused by various bacteria, viruses, and fungi, with Streptococcus pneumoniae responsible for at least two-thirds of all bacterial pneumonia cases.
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Hospital Supplies Market Segmentations
By Product : Disposable hospital supplies, Patient Examination Devices, Operating Room Equipment, Mobility Aids and Transportation Equipment, Sterilization and Disinfectant Equipment, Syringes and Needles, Other
By End-User: Hospital, Clinics, Other.
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Key players
Johnson & Johnson, GE Healthcare, Medtronic, Cardinal Health, Boston Scientific Corporation, Becton Dickinson and Company, Baxter International, 3M Healthcare and Thermo Fisher Scientific.
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