Hospital Supplies Market By Type (Patient Examination Devices, Syringes and Needles, Sterilization and Disinfectant Equipment, Operating Room Equipment, Mobility Aids and Transportation Equipment, Disposable Hospital Supplies, and Others), Industry Trends, Estimation & Forecast, 2023-2030

Market Overview

Hospital supplies are products used in providing care, especially in the hospital. These supplies help medical professionals and other medical staff to treat patients and keep their surroundings clean and hygienic. The hospital supplies include Syringes and Needles, Patient Examination Devices, Sterilization and Disinfectant Equipment, Operating Room Equipment, Disposable Hospital Supplies, Mobility Aids and Transportation Equipment and Other products.

Hospital Supplies market was valued at 140 billion US$ in 2022 and is projected to reach 184.3 billion US$ by 2030, at a CAGR of 3.5% during the forecast period.

Market Dynamics

Growing awareness about Hospital Acquired Infections is boosting the global hospital supplies market. Healthcare-Associated Infections (HAIs) is acquired in a hospital or other health care facility. It is also known as nosocomial infections. HAIs most commonly occur in the intensive care unit (ICU), where doctors treat serious diseases. Around 1 in 10 people admitted to the hospital will contract an HAI infection. To control the Healthcare-Associated Infections (HAIs), the Department of Health Services (DHS), have conducted Healthcare-Associated Infection (HAI) Prevention Program. Based on the program certain Infection control principles and practices need to be followed including the hand hygiene such as washing hand should be performed before and after contact with patients and wearing gloves; the healthcare workers should wear Personal Protection Equipment (PPE) including gloves, gowns, masks, respirators, and eyewear to create barriers that protect the skin, clothing, mucous membranes, and the respiratory tract from infectious agents; The Needlestick Safety and Prevention Act should be followed to prevent health care worker exposure to bloodborne pathogens; Cleaning and Disinfection the hospitals; and other safety control measures to be followed. According to the Centers for Disease Control and Prevention (CDC) estimates that around 1.7 million people contract HAIs, and around 99,000 of those cases result in death each year in American hospitals alone. According to the Studies conducted in hospitals, 5% to 10% of hospitalizations in Europe and North America result in Healthcare-Associated Infection (HAI). In regions like Latin America, Sub-Saharan Africa, and Asia, it’s more than 40% result in Healthcare-Associated Infection (HAI). Further, Rising demand for hospital supplies in developing countries are key driving factors of the market. However, High cost of Hospital supplies and Adoption of Home Care Services might hamper the market growth. For instance, According to the Bureau of Labor Statistics, the demand for home health care aides will increase to 41% by 2026, this is equal to more than 4 million new home health care aides in less than ten years. Increasing Government Initiatives and funding for hospitals would provide lucrative opportunities for the market in coming years.

Market Segmentation
The global Hospital Supplies market is mainly classified based on Type. Type is further segmented into Patient Examination Devices, Syringes and Needles, Sterilization and Disinfectant Equipment, Operating Room Equipment, Mobility Aids and Transportation Equipment, Disposable Hospital Supplies, Others.

Disposable Hospital Supplies was dominating the global hospital supplies market in 2019. The disposable hospital supplies are used to reduce the Healthcare-Associated Infection. The disposable hospital supplies include exam gowns, bandages & wraps, drug tests disposables, gloves, face masks, suction catheters, hypodermic needles, syringes, surgical sponges, and applicators. The increasing demand for disposable hospital supplies is boosting the global hospital supplies market. For instance, Kontoor Brands, Inc. a global lifestyle apparel company, has begun production of approximately 50,000 Level 1 patient gowns and 10,000 disposable isolation gowns for clinicians to assist hospitals that are dealing with the influx of patients of the COVID-19 coronavirus pandemic.
 
Regional Analysis

Based on geography, the global Hospital Supplies market is divided into North America, Europe, Asia-Pacific, South America, and Middle East & Africa. North America is further divided in the U.S., Canada, and Mexico, whereas Europe consists of the UK, Germany, France, Italy, and Rest of Europe. Asia-Pacific is segmented into India, China, Japan, South Korea, and Rest of Asia-Pacific. The South America region includes Brazil, Argentina, and the Rest of South America, while the Middle East & Africa is categorized into GCC Countries, Egypt, South Africa, and Rest of Middle East & Africa.

North America was dominating the global hospital supplies market in 2019. The increasing commercialization of new product line for hospital supplies, government initiative and funding to support hospitals, and regulatory approval for hospital supplies are some of the factors boosting the North America hospital supplies market. For instance, The U.S. Food and Drug Administration has approved to market the first duodenoscope with a sterile, disposable elevator component in the U.S. The sterile, disposable elevator component, that reduce the number of parts to be cleaned and disinfected (reprocessed) in between uses. The Pentax ED34-i10T2 model duodenoscope provide visualization and access to the upper gastrointestinal (GI) to treat upper GI problems and bile duct disorders.

North America Hospital Supplies market is estimated to grow at a CAGR of 3.2% till 2030.

Competitive landscape

Key players operating in the Hospital Supplies industry include Boston Scientific Corporation, Medtronic, Baxter International, GE Healthcare, 3M Healthcare, Baxter International, Cardinal Health, B. Braun Melsungen AG, Thermo Fisher Scientific, Johnson & Johnson, Becton Dickinson and Company, Kimberly-Clark Corporation, Stryker Corporation, Fresenius Medical Care AG & Co. KGaA, Williams Medical Supplies.

The increasing commercialization of new product line for hospital supplies, the partnership between companies to develop hospital supplies, and regulatory approval for hospital supplies products are some of the strategies adopted by the companies. For instance, on September 12, 2019, The Food and Drug Administration has approved a new artificial intelligence-powered X-ray device of GE Healthcare. It reduces the time to detect a collapsed lung from eight hours to 15 minutes.

Hospital Supplies Market Key Segments

By Type
• Patient Examination Devices
• Syringes and Needles
• Sterilization and Disinfectant Equipment
• Operating Room Equipment
• Mobility Aids and Transportation Equipment
• Disposable Hospital Supplies
• Others

Key Global Hospital Supplies Industry Players

• Boston Scientific Corporation
• Medtronic
• Baxter International
• GE Healthcare
• 3M Healthcare
• Baxter International
• Cardinal Health
• B. Braun Melsungen AG
• Thermo Fisher Scientific
• Johnson & Johnson
• Becton, Dickinson and Company
• Kimberly-Clark Corporation
• Stryker Corporation
• Fresenius Medical Care AG & Co. KGaA
• Williams Medical Supplies

Table of Content

1. Market Introduction
1.1. Executive Summary
1.2. Market Definition
1.3. Market Scope

2. Research Methodology
2.1. Primary Research
2.2. Research Methodology
2.3. Assumptions & Exclusions
2.4. Secondary data sources

3. Hospital Supplies Market Overview
3.1. Report Segmentation & Scope
3.2. Key Market Trend
3.3. Drivers
3.3.1. Growing awareness about Hospital Acquired Infections
3.3.2. Rising demand for hospital supplies in developing countries
3.4. Restraints
3.4.1. The high cost of hospital supplies
3.4.2. Adoption of Home Care Services
3.5. Opportunity
3.5.1. Increasing Government Initiatives and funding for hospitals
3.6. Porter’s Five Forces Analysis
3.6.1. Porter’s Five Forces Analysis
3.7. Market Share Analysis

4. Type Overview
4.1. Introduction
4.1.1. Market Size & Forecast
4.2. Patient Examination Devices
4.2.1. Market Size & Forecast
4.3. Syringes and Needles
4.3.1. Market Size & Forecast
4.4. Sterilization and Disinfectant Equipment
4.4.1. Market Size & Forecast
4.5. Operating Room Equipment
4.5.1. Market Size & Forecast
4.6. Mobility Aids and Transportation Equipment
4.6.1. Market Size & Forecast
4.7. Disposable Hospital Supplies
4.7.1. Market Size & Forecast
4.8. Others
4.8.1. Market Size & Forecast

5. Hospital Supplies Market Regional Overview
5.1. Introduction
5.1.1. Market Size & Forecast
5.2. North America Hospital Supplies Market
5.2.1. North America Market Size & Forecast, By Country
5.2.2. North America Market Size & Forecast, By Type
5.2.3. The U.S.
5.2.3.1. Market Size and Forecast
5.2.4. Canada
5.2.4.1. Market Size and Forecast
5.2.5. Mexico
5.2.5.1. Market Size and Forecast
5.3. Europe Hospital Supplies Market
5.3.1. Europe Market Size & Forecast, By Country
5.3.2. Europe Market Size & Forecast, By Type
5.3.3. Germany
5.3.3.1. Market Size and Forecast
5.3.4. France
5.3.4.1. Market Size and Forecast
5.3.5. UK
5.3.5.1. Market Size and Forecast
5.3.6. Italy
5.3.6.1. Market Size and Forecast
5.3.7. Spain
5.3.7.1. Market Size and Forecast
5.3.8. Rest of Europe
5.3.8.1. Market Size and Forecast
5.4. Asia-Pacific Hospital Supplies Market
5.4.1. Asia-Pacific Market Size & Forecast, By Country
5.4.2. Asia-Pacific Market Size & Forecast, By Type
5.4.3. Japan
5.4.3.1. Market Size and Forecast
5.4.4. China
5.4.4.1. Market Size and Forecast
5.4.5. Australia
5.4.5.1. Market Size and Forecast
5.4.6. India
5.4.6.1. Market Size and Forecast
5.4.7. South Korea
5.4.7.1. Market Size and Forecast
5.4.8. Rest of Asia-Pacific
5.4.8.1. Market Size and Forecast
5.5. South America Hospital Supplies Market
5.5.1. South America Market Size & Forecast, By Country
5.5.2. South America Market Size & Forecast, By Type
5.5.3. Brazil
5.5.3.1. Market Size and Forecast
5.5.4. Argentina
5.5.4.1. Market Size and Forecast
5.5.5. Rest of South America
5.5.5.1. Market Size and Forecast
5.6. Middle East & Africa Hospital Supplies Market
5.6.1. Middle East & Africa Market Size & Forecast, By Country
5.6.2. Middle East & Africa Market Size & Forecast, By Type
5.6.3. GCC Countries
5.6.3.1. Market Size and Forecast
5.6.4. Egypt
5.6.4.1. Market Size and Forecast
5.6.5. South Africa
5.6.5.1. Market Size and Forecast
5.6.6. Rest of Middle East & Africa
5.6.6.1. Market Size and Forecast

6. Company Profile
6.1. Boston Scientific Corporation
6.1.1. Company Basic Information, Manufacturing Base, Sales Area and Its Competitors
6.1.2. Boston Scientific Corporation Product Category, Application, and Specification
6.1.3. Boston Scientific Corporation Financial Performance (2016-2018)
6.1.4. Main Business/Business Overview
6.2. Medtronic
6.3. Baxter International
6.4. GE Healthcare
6.5. 3M Healthcare
6.6. Baxter International
6.7. Cardinal Health
6.8. B. Braun Melsungen AG
6.9. Thermo Fisher Scientific
6.10. Johnson & Johnson
6.11. Becton, Dickinson and Company
6.12. Kimberly-Clark Corporation
6.13. Stryker Corporation
6.14. Fresenius Medical Care AG & Co. KGaA
6.15. Williams Medical Supplies