Market Overview:
The global hospital equipment and supplies market is expected to grow at a CAGR of 5.8% from 2018 to 2030. The growth in this market can be attributed to the increasing demand for disposable hospital supplies, rising incidence of chronic diseases, and growing number of hospitals and healthcare facilities worldwide. The sterilization and disinfectant equipment segment is expected to grow at the highest CAGR during the forecast period. This growth can be attributed to the increasing demand for sterilization and disinfection equipment in hospitals worldwide. The disposable hospital supplies patient examination devices segment is also expected to grow at a high rate during the forecast period owing to the increase in demand for these devices from hospitals across the globe.
Product Definition:
Hospital Equipment and Supplies are used in hospitals to help with the treatment of patients. They include items such as beds, wheelchairs, medical equipment, and supplies. The importance of Hospital Equipment and Supplies is that they help to provide necessary care for patients.
Sterilization and disinfectant equipment:
Sterilization and disinfectant equipment are used to inactivate microorganisms on medical devices, instruments, and hospital equipment. The growth factor for the market is increasing awareness among consumers regarding cleanliness and safety in healthcare facilities. Also growing concerns over cross contamination owing to lack of sanitation will boost demand for sterilization & disinfection equipment during the forecast period.
Disposable hospital supplies patient examination devices:
The global disposable hospital supplies patient examination devices and it's usage in the Hospital Equipment and Supplies market size was valued at USD 5.5 billion in 2016. The increasing prevalence of chronic diseases, such as diabetes, cancer, cardiovascular disorders along with rising geriatric population is expected to propel the demand for diagnostic testing thereby propelling the growth of this industry over the forecast period.
Application Insights:
OEMs held the largest share of over 70.0% in 2017. The demand for hospital equipment and supplies is generally higher in developed economies as a result of a longer history of medical devices being used and more stringent regulations regarding safety standards. OEMs are majorly manufactured by big companies that have been around for many years, have their own manufacturing facilities, and hence can be sure about the quality of products they offer to customers.
The aftermarket segment is expected to expand at the fastest CAGR during the forecast period owing to factors such as growing disposable income among consumers coupled with increasing awareness regarding availability of replacement parts for used medical equipment and supplies.
Regional Analysis:
North America dominated the global market in 2017. The presence of well-established hospitals and favorable reimbursement policies are some of the key factors driving regional growth. Furthermore, increasing healthcare expenditure by governments and high adoption rate for advanced medical equipment are also expected to drive demand over the forecast period.
Asia Pacific is anticipated to witness lucrative growth during the forecast period owing to rising investments by governments in developing healthcare infrastructure coupled with increasing patient awareness regarding availability of advanced products at affordable prices. Moreover, growing medical tourism industry due to better facilities provided by private players is also expected to boost demand over the next eight years or so.
Growth Factors:
- Increasing demand for technologically advanced hospital equipment and supplies
- Rising incidence of chronic diseases and other health conditions
- Growing number of hospitals and healthcare facilities worldwide
- Proliferation of private healthcare sector in developing countries
- Technological advancements in hospital equipment and supplies
Scope Of The Report
Report Attributes
Report Details
Report Title
Hospital Equipment and Supplies Market Research Report
By Type
Sterilization and disinfectant equipment, Disposable hospital supplies patient examination devices, Syringes and needles.
By Application
OEMs, Aftermarket
By Companies
GE healthcare, Medtronic, Thermo Fischer and Scientific, Boston Scientific Corporation, B. Braun Melsungen AG, M Health Care, Becton Dickinson and Company, Cardinal Heath, Kimberly-Clark Corporation, Advanced Sterilization Products Services Inc., Molnlycke Health Care AB, Steris Corporation, Stryker Corporation, Terumo Corporation and Getinge AB, Johnson & Johnson, Baxter International
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
167
Number of Tables & Figures
117
Customization Available
Yes, the report can be customized as per your need.
Global Hospital Equipment and Supplies Market Report Segments:
The global Hospital Equipment and Supplies market is segmented on the basis of:
Types
Sterilization and disinfectant equipment, Disposable hospital supplies patient examination devices, Syringes and needles.
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
OEMs, Aftermarket
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
- GE healthcare
- Medtronic
- Thermo Fischer and Scientific
- Boston Scientific Corporation
- B. Braun Melsungen AG
- M Health Care
- Becton Dickinson and Company
- Cardinal Heath
- Kimberly-Clark Corporation
- Advanced Sterilization Products Services Inc.
- Molnlycke Health Care AB
- Steris Corporation
- Stryker Corporation
- Terumo Corporation and Getinge AB
- Johnson & Johnson
- Baxter International
Highlights of The Hospital Equipment and Supplies Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of market.
- Historical data and forecast.
- Estimations for the forecast period 2030.
- Developments and trends in the market.
- By Type:
- Sterilization and disinfectant equipment
- Disposable hospital supplies patient examination devices
- Syringes and needles.
- By Application:
- OEMs
- Aftermarket
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the Hospital Equipment and Supplies Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
How you may use our products:
- Correctly Positioning New Products
- Market Entry Strategies
- Business Expansion Strategies
- Consumer Insights
- Understanding Competition Scenario
- Product & Brand Management
- Channel & Customer Management
- Identifying Appropriate Advertising Appeals
8 Reasons to Buy This Report
- Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
- Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
- Implemented Robust Methodology to Prepare the Report
- Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
- Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
- Provides Information About the Top-winning Strategies Implemented by Industry Players.
- In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
- Customization of the Report Available
Frequently Asked Questions?
Hospital equipment and supplies are items that are used in hospitals to help patients and staff. These items can include medical devices, bedding, furniture, and more.
Some of the major players in the hospital equipment and supplies market are GE healthcare, Medtronic, Thermo Fischer and Scientific, Boston Scientific Corporation, B. Braun Melsungen AG, M Health Care, Becton Dickinson and Company, Cardinal Heath, Kimberly-Clark Corporation, Advanced Sterilization Products Services Inc., Molnlycke Health Care AB, Steris Corporation, Stryker Corporation, Terumo Corporation and Getinge AB, Johnson & Johnson, Baxter International.
The hospital equipment and supplies market is expected to register a CAGR of 5.8%.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Hospital Equipment and Supplies Market Overview
4.1 Introduction
4.1.1 Market Taxonomy
4.1.2 Market Definition
4.1.3 Macro-Economic Factors Impacting the Market Growth
4.2 Hospital Equipment and Supplies Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Hospital Equipment and Supplies Market - Supply Chain Analysis
4.3.1 List of Key Suppliers
4.3.2 List of Key Distributors
4.3.3 List of Key Consumers
4.4 Key Forces Shaping the Hospital Equipment and Supplies Market
4.4.1 Bargaining Power of Suppliers
4.4.2 Bargaining Power of Buyers
4.4.3 Threat of Substitution
4.4.4 Threat of New Entrants
4.4.5 Competitive Rivalry
4.5 Global Hospital Equipment and Supplies Market Size & Forecast, 2020-2028
4.5.1 Hospital Equipment and Supplies Market Size and Y-o-Y Growth
4.5.2 Hospital Equipment and Supplies Market Absolute $ Opportunity
Chapter 5 Global Market Analysis and Forecast by Type
5.1 Introduction
5.1.1 Key Market Trends & Growth Opportunities by Type
5.1.2 Basis Point Share (BPS) Analysis by Type
5.1.3 Absolute $ Opportunity Assessment by Type
5.2 Market Size Forecast by Type
5.2.1 Sterilization and disinfectant equipment
5.2.2 Disposable hospital supplies patient examination devices
5.2.3 Syringes and needles.
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Market Analysis and Forecast by Applications
6.1 Introduction
6.1.1 Key Market Trends & Growth Opportunities by Applications
6.1.2 Basis Point Share (BPS) Analysis by Applications
6.1.3 Absolute $ Opportunity Assessment by Applications
6.2 Market Size Forecast by Applications
6.2.1 OEMs
6.2.2 Aftermarket
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Hospital Equipment and Supplies Market Analysis and Forecast by Region
7.1 Introduction
7.1.1 Key Market Trends & Growth Opportunities by Region
7.1.2 Basis Point Share (BPS) Analysis by Region
7.1.3 Absolute $ Opportunity Assessment by Region
7.2 Hospital Equipment and Supplies Market Size Forecast by Region
7.2.1 North America
7.2.2 Europe
7.2.3 Asia Pacific
7.2.4 Latin America
7.2.5 Middle East & Africa (MEA)
7.3 Market Attractiveness Analysis by Region
Chapter 8 Coronavirus Disease (COVID-19) Impact
8.1 Introduction
8.2 Current & Future Impact Analysis
8.3 Economic Impact Analysis
8.4 Government Policies
8.5 Investment Scenario
Chapter 9 North America Analysis and Forecast
9.1 Introduction
9.2 North America Market Size Forecast by Country
9.2.1 U.S.
9.2.2 Canada
9.3 Basis Point Share (BPS) Analysis by Country
9.4 Absolute $ Opportunity Assessment by Country
9.5 Market Attractiveness Analysis by Country
9.6 North America Market Size Forecast by Type
9.6.1 Sterilization and disinfectant equipment
9.6.2 Disposable hospital supplies patient examination devices
9.6.3 Syringes and needles.
9.7 Basis Point Share (BPS) Analysis by Type
9.8 Absolute $ Opportunity Assessment by Type
9.9 Market Attractiveness Analysis by Type
9.10 North America Market Size Forecast by Applications
9.10.1 OEMs
9.10.2 Aftermarket
9.11 Basis Point Share (BPS) Analysis by Applications
9.12 Absolute $ Opportunity Assessment by Applications
9.13 Market Attractiveness Analysis by Applications
Chapter 10 Europe Analysis and Forecast
10.1 Introduction
10.2 Europe Market Size Forecast by Country
10.2.1 Germany
10.2.2 France
10.2.3 Italy
10.2.4 U.K.
10.2.5 Spain
10.2.6 Russia
10.2.7 Rest of Europe
10.3 Basis Point Share (BPS) Analysis by Country
10.4 Absolute $ Opportunity Assessment by Country
10.5 Market Attractiveness Analysis by Country
10.6 Europe Market Size Forecast by Type
10.6.1 Sterilization and disinfectant equipment
10.6.2 Disposable hospital supplies patient examination devices
10.6.3 Syringes and needles.
10.7 Basis Point Share (BPS) Analysis by Type
10.8 Absolute $ Opportunity Assessment by Type
10.9 Market Attractiveness Analysis by Type
10.10 Europe Market Size Forecast by Applications
10.10.1 OEMs
10.10.2 Aftermarket
10.11 Basis Point Share (BPS) Analysis by Applications
10.12 Absolute $ Opportunity Assessment by Applications
10.13 Market Attractiveness Analysis by Applications
Chapter 11 Asia Pacific Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Market Size Forecast by Country
11.2.1 China
11.2.2 Japan
11.2.3 South Korea
11.2.4 India
11.2.5 Australia
11.2.6 South East Asia (SEA)
11.2.7 Rest of Asia Pacific (APAC)
11.3 Basis Point Share (BPS) Analysis by Country
11.4 Absolute $ Opportunity Assessment by Country
11.5 Market Attractiveness Analysis by Country
11.6 Asia Pacific Market Size Forecast by Type
11.6.1 Sterilization and disinfectant equipment
11.6.2 Disposable hospital supplies patient examination devices
11.6.3 Syringes and needles.
11.7 Basis Point Share (BPS) Analysis by Type
11.8 Absolute $ Opportunity Assessment by Type
11.9 Market Attractiveness Analysis by Type
11.10 Asia Pacific Market Size Forecast by Applications
11.10.1 OEMs
11.10.2 Aftermarket
11.11 Basis Point Share (BPS) Analysis by Applications
11.12 Absolute $ Opportunity Assessment by Applications
11.13 Market Attractiveness Analysis by Applications
Chapter 12 Latin America Analysis and Forecast
12.1 Introduction
12.2 Latin America Market Size Forecast by Country
12.2.1 Brazil
12.2.2 Mexico
12.2.3 Rest of Latin America (LATAM)
12.3 Basis Point Share (BPS) Analysis by Country
12.4 Absolute $ Opportunity Assessment by Country
12.5 Market Attractiveness Analysis by Country
12.6 Latin America Market Size Forecast by Type
12.6.1 Sterilization and disinfectant equipment
12.6.2 Disposable hospital supplies patient examination devices
12.6.3 Syringes and needles.
12.7 Basis Point Share (BPS) Analysis by Type
12.8 Absolute $ Opportunity Assessment by Type
12.9 Market Attractiveness Analysis by Type
12.10 Latin America Market Size Forecast by Applications
12.10.1 OEMs
12.10.2 Aftermarket
12.11 Basis Point Share (BPS) Analysis by Applications
12.12 Absolute $ Opportunity Assessment by Applications
12.13 Market Attractiveness Analysis by Applications
Chapter 13 Middle East & Africa (MEA) Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Market Size Forecast by Country
13.2.1 Saudi Arabia
13.2.2 South Africa
13.2.3 UAE
13.2.4 Rest of Middle East & Africa (MEA)
13.3 Basis Point Share (BPS) Analysis by Country
13.4 Absolute $ Opportunity Assessment by Country
13.5 Market Attractiveness Analysis by Country
13.6 Middle East & Africa (MEA) Market Size Forecast by Type
13.6.1 Sterilization and disinfectant equipment
13.6.2 Disposable hospital supplies patient examination devices
13.6.3 Syringes and needles.
13.7 Basis Point Share (BPS) Analysis by Type
13.8 Absolute $ Opportunity Assessment by Type
13.9 Market Attractiveness Analysis by Type
13.10 Middle East & Africa (MEA) Market Size Forecast by Applications
13.10.1 OEMs
13.10.2 Aftermarket
13.11 Basis Point Share (BPS) Analysis by Applications
13.12 Absolute $ Opportunity Assessment by Applications
13.13 Market Attractiveness Analysis by Applications
Chapter 14 Competition Landscape
14.1 Hospital Equipment and Supplies Market: Competitive Dashboard
14.2 Global Hospital Equipment and Supplies Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 GE healthcare
14.3.2 Medtronic
14.3.3 Thermo Fischer and Scientific
14.3.4 Boston Scientific Corporation
14.3.5 B. Braun Melsungen AG
14.3.6 M Health Care
14.3.7 Becton Dickinson and Company
14.3.8 Cardinal Heath
14.3.9 Kimberly-Clark Corporation
14.3.10 Advanced Sterilization Products Services Inc.
14.3.11 Molnlycke Health Care AB
14.3.12 Steris Corporation
14.3.13 Stryker Corporation
14.3.14 Terumo Corporation and Getinge AB
14.3.15 Johnson & Johnson
14.3.16 Baxter International
