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Market analysts estimate that the global market for hospital supplies is projected to reach a value of USD 37 billion by the end of 2018, and will record a compounded annual growth rate (CAGR) of 11% between 2012 and 2018.

 

A considerable chunk of demand within the hospital supplies market is driven by an aging population the world over. The older population is prone to higher hospitalization rates, spurring a demand for more hospital supplies. A growing awareness concerning the curtailment of Hospital Acquired Infections is another aspect that has driven up the sales of hospital supplies.

 

The largest contributor to the hospital supplies segment is ‘disposable hospital supplies’. This segment accounts for nearly 44% of the total revenue generated by the overall hospital supplies market. Market forecasts estimate that the total value of this market globally is likely to touch USD 18.2 billion up to 2016, recording a CAGR of 13% between 2012 and 2018. 

 

Closely following disposable hospital supplies is the syringes and needles segment with a market share of 25%. 

 

Other products that are prominently used in the hospital supplies industry include: mobility aids, patient examination devices, transportation equipment, sterilizers, disinfectors and ancillary equipment, as well as surgical and operating room equipment.

 

As incidences of communal diseases continue to the reported and new diseases and their treatments are discovered, the demand for hospital supplies continues to witness an upward demand graph. However, all of these products are governed by strict regulations that are typically specific to each country. Thus, players in the sector need to stay abreast of the changing regulatory environment and adhere to the same. 

 

ResearchMoz.us is a source for syndicated market research reports that helps you stay up to speed of the latest trends and opportunities that could affect your area of business in the hospital supplies industry. 

 

The reports we carry analyze the hospital supplies market based on major geographies and market segments. From North America to the very lucrative Asia-Pacific market to the European market and more, ResearchMoz.us carries reports that focus on facts and statistics that matter. To purchase a report or to learn more about our services, please speak with one of our Research Coordinators today.