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    Hospital Equipment And Supplies Market Report

    Hospital Equipment And Supplies Market Report
    Report code - SR1512 Delivery - 2 Weeks
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    Hospital Equipment and Supplies Market Trends, Dynamics & Market Insights
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    Impact of COVID-19 on Hospital Equipment And Supplies Market

    Covid-19 has impacted the market dynamics, competition, and global...

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    Impact of COVID-19 on Hospital Equipment And Supplies Market

    Covid-19 has impacted the market dynamics, competition, and global supply chain. The revenues have gone down in 2020 and may resume an uptrend gradually from 2021. Companies optimizing their operation and strategy will sustain and beat the competition.

    Note: The summary below might not have included insights on covid impact since we have large number of reports.

    Market Insights

    The Hospital Equipment and Supplies market is projected to grow from USD xx billion in 2020 to USD xx billion by 2026 at a CAGR of around x% during the forecast period.

    Figure: Hospital Equipment and Supplies Market Size, 2020-2026 (USD Billion)

    Hospital-Equipment-and-Supplies-Market-Forecast

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    What are hospital equipment and supplies?

    Hospital Equipment and supplies can be defined as the medical devices which are used in hospitals. Hospital supplies mainly include the supply of patient examination devices, disinfectant and sterilization equipment, operating room equipment, needles, and syringes. The medical equipment is used for treatments and diagnosis of diseases.

    Key Players

    Key players operating in the Hospital Equipment and Supplies market are-

    • GE Healthcare (US)
    • Covidien (US)
    • Thermo Fischer and Scientific (US)
    • Boston Scientific Corporation (US)
    • B. Braun (Germany)
    • The 3M Company (US)
    • Becton, Dickinson and Company (US)
    • Cardinal Health, Inc. (US)
    • Kimberly-Clark Corporation (US),
    • Advanced Sterilization Products Services Inc (US)
    • Mölnlycke Health Care AB (Sweden)
    • Steris Corporation (US)
    • Stryker Corporation (US)
    • Terumo Corporation (Japan)
    • Johnson & Johnson (US)
    • Baxter International Inc. (US)

    Market Dynamics

    The growth of the hospital equipment and supplies market is primarily driven by the rising number of hospitals across geographies. Increasing spending on healthcare with rising awareness among consumers regarding health coupled with expanding geriatric population is expected to propel the market growth at a significant rate during the review period. Additionally, increasing spending on R&D activities to develop advanced diagnostic solutions is likely to create lucrative opportunities for the market players during the review period.

    Segments' Analysis

    End-User Trends

    By end-user, the hospital equipment and supplies market has been bifurcated into OEMs and aftermarket. Under these, the OEMs segment accounted for the largest market share in 2020 and is projected to register significant growth during the review period. The segment growth can be attributed to the increasing number of hospitals across the globe.

    Regional Trends

    By region, the market in North America accounted for the largest market share in 2020 and is projected to grow at a significant CAGR during the assessment period. The regional growth is primarily attributed to the presence of an established healthcare industry coupled with expanding geriatric populace and the presence of key market players such as GE Healthcare (US) and Covidien (US). The market growth in the Asia-Pacific region is expected to be driven by increasing spending on healthcare infrastructure, particularly in China and India.

    COVID-19 Impact on Hospital Equipment and Supplies Market

    The outbreak of the COVID-19 virus has affected the growth of the healthcare industry significantly. Stringent lockdown measures and restricted movement of people affected the product supply for a short period and thus, affected the market growth.

    Critical Questions Answered in the Report

    • What are the key trends in the Hospital Equipment and Supplies market?
    • How the market (and its various sub-segments) has grown in the last five years and what would be the growth rate in the next five years?
    • What is the impact of COVID-19 on the Hospital Equipment and Supplies market?
    • What are the key strategies adopted by the major vendors to lead in the Hospital Equipment and Supplies market?
    • What is the market share of the top vendors?

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    Target Audience

    Here is the list of the group of customers that the hospital equipment and supplies market hopes to have the greatest opportunity to convert-

    • Hospital equipment and supplies distributors
    • Hospital equipment and supplies suppliers
    • Hospital equipment and supplies manufacturers
    • Logistics organizations
    • Government bodies

    Custom Research: Stratview research offers custom research services across sectors. In case of any custom research requirement related to market assessment, competitive benchmarking, sourcing and procurement, target screening, and others, please send your inquiry at sales@stratviewresearch.com.

    Frequently Asked Questions (FAQs)

    GE Healthcare (US), Covidien (US), Thermo Fischer and Scientific (US), Boston Scientific Corpo-ration (US), B. Braun (Germany), The 3M Company (US), Becton, Dickinson and Company (US), Cardinal Health, Inc. (US), Kimberly-Clark Corporation (US),, Advanced Sterilization Products Services Inc (US), Mlnlycke Health Care AB (Sweden), Steris Corporation (US), Stryker Corpora-tion (US), Terumo Corporation (Japan), Johnson & Johnson (US) and Baxter International Inc. (US) are among the key players in the hospital equipment and supplies market.

    Rising number of hospitals across geographies, increasing spending on healthcare with rising awareness among consumers regarding health are the factors driving the growth of hospital equipment and supplies market.

    The OEMs segment is expected to register significant growth in the hospital equipment and supplies market in the coming years.

    North America accounted for the largest share in the hospital equipment and supplies market in 2020.

    Hospital equipment and supplies distributors, Hospital equipment and supplies suppliers, Hospital equipment and supplies manufacturers, Logistics organizations, Government bodies are the target audience in the hospital equipment and supplies market.

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