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General Hospital Supplies Devices Market Research Report By Size, Shares, Opportunities, Industry Trends and Forecast to 2032

May 20, 2024 10:00 AM ET

General Hospital Supplies Devices Market Research Report By Size, Shares, Opportunities, Industry Trends and Forecast to 2032

General Hospital Supplies Devices Market Research Report Information By Product Type (Operating Room Equipment, Sterilization and Disinfectant Equipment, Syringes and Needles, Patient Examination Devices, Mobility Aids and Transportation Equipment, and Disposable Hospital Supplies) And By Region (North America, Europe, Asia-Pacific, And Rest of The World) –Market Forecast Till 2032

The General Hospital Supplies Devices Market Size is projected to grow from USD 50.0 Billion in 2023 to USD 128.4 Billion by 2032, exhibiting a compound annual growth rate (CAGR) of 12.50% during the forecast period.

The General Hospital Supplies Devices market encompasses a broad range of essential products used in healthcare facilities. This market includes items such as surgical instruments, diagnostic devices, patient monitoring systems, sterilization equipment, and disposables like gloves and gowns. Driven by the increasing global healthcare expenditure, rising prevalence of chronic diseases, and technological advancements, the market is experiencing significant growth.

Hospitals and healthcare facilities constantly seek to upgrade their equipment to improve patient care and operational efficiency. This trend is further fueled by the aging population and the growing number of hospitals, particularly in emerging economies. Innovations in medical technology, such as advanced diagnostic devices and minimally invasive surgical instruments, are also propelling market expansion.

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Moreover, the COVID-19 pandemic has underscored the importance of robust healthcare infrastructure, leading to increased investments in hospital supplies and devices. The surge in demand for personal protective equipment (PPE) and ventilators during the pandemic has highlighted the critical role of the general hospital supplies market.

Key Players

MRFR recognizes the following companies as the key players in the global General Hospital Supplies Devices Market— Advanced Sterilization Products Services Inc., Becton Dickinson and Company, Cardinal Health, Inc., Kimberly-Clark Corporation, 3M Health Care, and B. Braun Melsungen AG

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Market Segmentation

The global general hospital supplies devices market has been segmented based on the product type.

Based on the Product Type, the market is segmented into Operating Room Equipment, Sterilization and disinfectant Equipment, Syringes and needles, Patient Examination Devices, Mobility Aids and transportation Equipment, and Disposable Hospital Supplies. The sterilization and disinfectant equipment segment was attributed to holding the largest market share in 2022.  Cleaning, disinfection, and sterilization are crucial elements for hospitals and patients within healthcare facilities.

Globally, hospitals are making substantial investments in supplies to uphold equipment cleanliness, prevent healthcare-associated infections, and ensure staff hygiene. The heightened demand for sterilization and disinfectant products is evident not only in hospital settings but also in in-home care, aiming to prevent infections.

Regional Analysis

The global General Hospital Supplies Devices Market, based on region, has been divided into North America, Europe, Asia-Pacific, and the Rest of the World. North America consists of the US and Canada. The Europe General Hospital Supplies Devices Market comprises Germany, France, the UK, Italy, Spain, and the rest of Europe. The General Hospital Supplies Devices Market in Asia-Pacific has been segmented into China, India, Japan, Australia, South Korea, and the rest of Asia-Pacific. The Rest of the World’s General Hospital Supplies Devices Market comprises of Middle East, Africa, and Latin America.

The largest market share for the General Hospital Supplies Devices Market was maintained by the North American regional sector. The anticipated growth of the market is attributed to the increasing prevalence of communal diseases and hospital-acquired infections.

Moreover, the Europe market has been persistently growing over the forecast period. Major European countries, including Italy, France, and Spain, have experienced significant demand for medical supplies due to the impact of COVID-19. The European governments have prioritized the approval of medical devices and personal protective equipment, adhering to standard production regulations throughout the pandemic, thereby stimulating the hospital supply market.

In the Asia-Pacific region, the increasing import of medical devices from various countries is anticipated to drive the demand for hospital supplies, consequently fostering market growth. This surge in import activities within the region is expected to contribute to the expansion of hospital supplies, thereby driving market growth throughout the forecast period.

Furthermore, the rest of the world’s General Hospital Supplies Devices Market is divided into the Middle East, Africa, and Latin America. In Latin America, the hospital supplies market is significantly influenced by the region’s heavy reliance on the import of medical supplies, particularly during the pandemic.

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