Albany, NY -- (SBWIRE) -- 02/17/2017 -- Hospital supplies, the medical equipment and devices that are supplied in various medical centers, medical institutions, and hospitals, are more in demand than ever before. Leading players in the global hospital supplies market are introducing technically advanced hospital supplies to help medical professionals better manage their patients. Demand for different types of hospital supplies is expected to increase rapidly during the period between 2012 and 2018. With a wide variety of development and investment opportunities for emerging players seeking to be a part of the medical device market, steady growth of the global hospital supplies market is anticipated.
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The global hospital supplies market is segmented on the basis of geography and product type. Based on product type, the global hospital supplies market is classified into disposable hospital supplies, mobility aids and transportation equipment, operating room equipment, patient examination devices, sterilization and disinfectant equipment, and syringes and needles. All these hospital supplies are governed by strict rules that are region-specific. The leading market players need to stay informed about the changing trends and regulations to stay competitive in the market.
The overview section of the global hospital supplies market report highlights current industry trends, factors driving the market, restraints, industry structure, and market predictions for the coming few years. The report gives a blueprint of key development areas, competitive analysis, key leading players, and changing trends in the global hospital supplies market. The report covers analysis by the Porter's five forces model to study the feasibility of new projects and carry out competitive analysis for the leading players across all regions. The report includes a detailed review of the macro and micro factors that help existing and emerging companies grow.
Overview of the Hospital Supplies Market
The global hospital supplies market is predicted to reach US$37 bn at an 11.0% CAGR during the period from 2012 to 2018.
By product type, the disposable hospital supplies sector is recognized as the fastest growing sector in the global hospital supplies market, accounting for more than 44% of the market. The disposable hospital supplies sector is predicted to reach US$18.2 bn by 2016 at a 13.0% CAGR from 2012 to 2018. The syringes and needles sector stood second in the global hospital supplies market and accounted for a 25% share in the global market.
By geography, the global hospital supplies market is divided into North America, Europe, Asia Pacific, and Rest of the World.
Factors such as the continuously growing population, increasing frequency of communal diseases, and increasing number of hospitals are generating the need for medical and healthcare supplies, thus propelling the global hospital supplies market. Increase in the aging population and increasing awareness about controlling hospital acquired infections (HAIs) will further boost the global hospital supplies market.
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Companies mentioned in the research report
The global hospital supplies market is equally distributed as the leading companies cover different areas across the globe. Some of the prominent players in the global hospital supplies market are Kimberly-Clark Corporation, Advanced Sterilization Products Services Inc., Cardinal Health, Inc., 3M Health Care, Becton, Dickinson and Company, and B. Braun Melsungen AG. The leading players in the global hospital supplies market are expected to face cut-throat competition from some of the emerging companies in the coming years, illustrating the open nature of the global medical supplies market.
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