Hospital Supplies Market

Executive Summary

Hospital Supplies Market was valued at US $10.24 billion in 2021 and is projected to grow at 12.75% CAGR over the forecast period to reach US $21.04 billion by 2027. Hospital Supplies Market represented US $2.18 billion opportunity over 2019-2021 and estimated to create US $10.80 billion opportunity in 2027 over 2021.

Hospital Supplies from Consainsights analyses the Hospital Supplies Market in the Life Sciences industry over the forecast period to 2027.

Hospital Supplies research report from Consainsights outlines the detailed strategic analysis, trends, market opportunities, growth prospects, industry and market challenges and sustainable solutions to sustain in the competitive environment.

Hospital Supplies segmentation includes Product and Geography.

Based on the Product, the Hospital Supplies analysis covers Patient Examination Devices, Operating Room Equipment, Mobility Aids and Transportation Equipment, Sterilization and Disinfectant Equipment, Disposable Hospital Supplies, Syringes and Needles, Other Products.

In Product segment, Patient Examination Devices segment has highest cagr growth of 11.26%.

Based on the region, the Hospital Supplies analysis covers North America, Europe, Asia-Pacific, Middle-East & Africa, Latin America.

Key companies operating in the market include 3M Healthcare, B Braun Melsungen AG, Baxter International Inc., Becton, Dickinson and Company, Boston Scientific Corporation, Cardinal Health Inc., Medtronic PLC, GE Healthcare, Johnson & Johnson, Thermo Fisher Scientific and so on. This report covers the detailed analysis of the company profiles such as business segments, product portfolio, key brand insights and growth strategies adopted, company SWOT and Strategy analysis along with the financial analysis and analyst insights on the key companies operating in this market.

Market Overview

Definition & Scope

The base currency considered was the US Dollar (USD). Conversion of other currencies to USD was considered on the basis of the average exchange rate for the respective review-period years. The exchange rate conversion for forecast period was determined according to the base year’s conversion rates.

The base year was identified based on the availability of annual reports and secondary information. The base year considered for this study is 2027.

The review period considered for this study is from 2018-2027. The CAGR is for the forecast period, 2022-2027.

Market size estimations for the forecast years were in real terms. Inflation is not part of the pricing, and the average selling price (ASP) was kept constant throughout the forecast period for each country.

Distribution of primary interviews conducted was based on the regional share of the market and the presence of key players in each region.

As a result of data triangulation through multiple methodologies and approaches, the weighted averages of resulting estimates were considered to be the final values.

Currency, Year & Forecast

The currency used in this report is USD, with the market size indicated in terms of USD million/billion.

For companies reporting their revenues in USD, the revenues were taken from their respective annual reports/SEC filings.

For companies reporting their revenues in other currencies, the average annual currency conversion rates were used for a particular year to convert the value to USD Market Definition.

Product

Introduction

In 2021, Patient Examination Devices segment has the highest revenue of US $4.04 billion and is expected to grow at CAGR of 11.26% by 2027 Patient Examination Devices segment has highest cagr growth of 11.26%.

Patient Examination Devices

Patient Examination Devices segment was valued at US $3.18 billion in 2019 and is projected to grow at 11.26% CAGR over the forecast period to reach US $8.30 billion by 2027. Patient Examination Devices segment represented US $0.86 billion opportunity over 2019-2021 and estimated to create US $4.26 billion opportunity in 2027 over 2021.

Operating Room Equipment

Operating Room Equipment segment was valued at US $2.00 billion in 2019 and is projected to grow at 11.26% CAGR over the forecast period to reach US $5.23 billion by 2027. Operating Room Equipment segment represented US $0.54 billion opportunity over 2019-2021 and estimated to create US $2.69 billion opportunity in 2027 over 2021.

Mobility Aids and Transportation Equipment

Mobility Aids and Transportation Equipment segment was valued at US $1.39 billion in 2019 and is projected to grow at 11.26% CAGR over the forecast period to reach US $3.62 billion by 2027. Mobility Aids and Transportation Equipment segment represented US $0.38 billion opportunity over 2019-2021 and estimated to create US $1.86 billion opportunity in 2027 over 2021.

Sterilization and Disinfectant Equipment

Sterilization and Disinfectant Equipment segment was valued at US $0.84 billion in 2019 and is projected to grow at 11.26% CAGR over the forecast period to reach US $2.19 billion by 2027. Sterilization and Disinfectant Equipment segment represented US $0.23 billion opportunity over 2019-2021 and estimated to create US $1.13 billion opportunity in 2027 over 2021.

Disposable Hospital Supplies

Disposable Hospital Supplies segment was valued at US $0.45 billion in 2019 and is projected to grow at 11.26% CAGR over the forecast period to reach US $1.18 billion by 2027. Disposable Hospital Supplies segment represented US $0.12 billion opportunity over 2019-2021 and estimated to create US $0.60 billion opportunity in 2027 over 2021.

Syringes and Needles

Syringes and Needles segment was valued at US $0.19 billion in 2019 and is projected to grow at 11.26% CAGR over the forecast period to reach US $0.51 billion by 2027. Syringes and Needles segment represented US $0.05 billion opportunity over 2019-2021 and estimated to create US $0.26 billion opportunity in 2027 over 2021.

Other Products

Other Products segment was valued at US $0.00 billion in 2019 and is projected to grow at 11.26% CAGR over the forecast period to reach US $0.00 billion by 2027. Other Products segment represented US $0.00 billion opportunity over 2019-2021 and estimated to create US $0.00 billion opportunity in 2027 over 2021.