Hospital Equipment and Supplies Market, by Product (Sterilization and Disinfectant Equipment, Disposable Hospital Supplies, Patient Examination Devices, Syringes and Needles, Other), End-User (OEMs, Aftermarket), and Region (North America, Europe, Asia-Pacific, and the Rest of the World).
Hospital Equipment and Supplies Market, by Product (Sterilization and Disinfectant Equipment, Disposable Hospital Supplies, Patient Examination Devices, Syringes and Needles, Other), End-User (OEMs, Aftermarket), and Region ...
The market is greatly influenced by the rapid progress made in medical technology. This progress is seen through the continuous development of innovative equipment and supplies that aim to improve patient care, enhance diagnostic capabilities, and optimize healthcare delivery. Various advancements, such as advanced imaging systems and minimally invasive surgical instruments, are integrated into the healthcare industry, leading to market growth and shaping industry trends.
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.
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 an expanding geriatric population is expected to propel the market growth at a significant rate during the review period.
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.
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.
Key Players
Key players operating in the Hospital Equipment and Supplies market are-
"The OEMs segment accounted for the largest market share."
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 Insights
"North America accounted for the largest market share."
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
This report provides market intelligence in the most comprehensive way. The report structure has been kept such that it offers maximum business value. It provides critical insights into market dynamics and will enable strategic decision-making for existing market players as well as those willing to enter the market.
What deliverables will you get in this report?
Key questions this report answers
Relevant contents in the report
How big is the sales opportunity?
In-depth analysis of the Hospital Equipment and Supplies Market
How lucrative is the future?
Market forecast and trend data and emerging trends
Which regions offer the best sales opportunities?
Global, regional and country level historical data and forecasts
Which are the most attractive market segments?
Market segment analysis and forecast
Which are the top players and their market positioning?
Porter’s five forces analysis, PEST analysis, Life cycle analysis
What are the factors affecting the market?
Drivers & challenges
Will I get the information on my specific requirement?
10% free customization
Target Audience
Here is the list of the group of customers that the market hopes to have the greatest opportunity to convert:
Distributors
Suppliers
Manufacturers
Logistics organizations
Government bodies
Research Methodology
This report offers high-quality insights and is the outcome of a detailed research methodology comprising extensive secondary research, rigorous primary interviews with industry stakeholders, and validation and triangulation with Stratview Research’s internal database and statistical tools. More than 1,000 authenticated secondary sources, such as company annual reports, fact books, press releases, journals, investor presentations, white papers, patents, and articles, have been leveraged to gather the data. We conducted more than 15 detailed primary interviews with market players across the value chain in all four regions and industry experts to obtain both qualitative and quantitative insights.
Customization Options
With this detailed report, Stratview Research offers one of the following free customization options to our respectable clients:
Company Profiling
Detailed profiling of additional market players (up to three players)
SWOT analysis of key players (up to three players)
Competitive Benchmarking
Benchmarking of key players on the following parameters: Product portfolio, geographical reach, regional presence, and strategic alliances
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 to sales@stratviewresearch.com.
Recent News & Developments
In September 2021, Baxter International completed its acquisition of the American medical equipment firm, Hillrom. This strategic move united two significant players in the medical technology sector. Hillrom specializes in manufacturing a range of healthcare equipment, including everything from basic hospital chairs to advanced wearable electrocardiographs and surgical tables. On the other hand, Baxter International concentrates on providing critical care, nutrition, and surgical products. This acquisition represents a major development in the medical devices and healthcare industry, creating synergies and opportunities for both companies to expand their presence and offerings in the healthcare market.
In July 2021, Johnson & Johnson has successfully completed 44 acquisitions and made 15 strategic investments, with a total expenditure exceeding $86.60 billion on these acquisitions. Johnson & Johnson's investment portfolio spans diverse sectors including Orthopedics, Infectious Diseases, Life Sciences Platforms and Tools, among others. These strategic moves exemplify the company's commitment to expanding its global market presence and fostering innovation across a wide range of healthcare and life sciences domains.
In March 2021, Becton, Dickinson and Company, a renowned global medical technology company, and ImageMovers announced a collaboration to develop a software platform designed to automate and simplify the collection and management of medical data. This initiative aims to provide a companion mobile app that facilitates more efficient reporting of SARS-CoV-2 antigen test results conducted using the BD Veritor Plus System in everyday testing locations like schools and businesses.
In August 2020, Johnson & Johnson unveiled its intention to enter into a definite agreement for the acquisition of Momenta Pharmaceuticals, Inc. Momenta Pharmaceuticals is a company at the forefront of discovering and developing innovative treatments for immune-mediated diseases. This acquisition was conducted entirely in cash. It represents a strategic move aimed at enhancing the Janssen Pharmaceutical Companies of Johnson & Johnson's position in the field of immune-mediated diseases. Furthermore, this acquisition is poised to fuel growth by enabling the company to expand its presence into the realm of diseases driven by autoantibodies.
In February 2020, Becton Dickinson and Company, a prominent global medical technology firm, and Babson Diagnostics, an innovative company specializing in diagnostic blood testing, unveiled a comprehensive, extended partnership arrangement aimed at introducing high-quality, small-volume blood collection services to retail pharmacies.
LOADING
LOADING
×
Please enter your contact details. It will allow our analysts to reach out to you.
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.
The rising number of hospitals across geographies, increasing spending on healthcare with rising awareness among consumers regarding health are the factors driving the growth of the hospital equipment and supplies market.
