Hospital Supplies Market Size Worth $183.67 Billion By 2030 | CAGR: 3.3%

The global hospital supplies market size is expected to reach USD 183.67 billion by 2030, according to a new study by Polaris Market Research. The report “Hospital Supplies Market Share, Size, Trends, Industry Analysis Report, By Application (Urology, Wound Care, Radiology, Oncology, Respiratory, Infection Control, Cardiology, IVD, Others); By Type; By End-Use; By Region; Segment Forecast, 2022 - 2030” gives a detailed insight into current market dynamics and provides an analysis of future market growth.

The rising investment from the major players for needle-free injections and the adoption of laser technology in the market are driving market growth over the forecast period. As an alternative to conventional injections for quicker drug, hormone, insulin, and vaccine delivery, injection producers are making significant investments in painless injections and needle-free technology.

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Microneedle patches and laser-based devices are two types of painless injections that can be used to administer medication to a patient. Microneedle patches are tiny skin patches with plastic needles that disintegrate quickly and deliver immunizations painlessly as a stream of liquid under pressure. For instance, in December 2019, Adamas Finance Asia declared intentions to invest $5 million in technologies for injections without needles.

In addition to increasing death and morbidity rates, the rise in nosocomial pathogens has indeed increased the cost of healthcare through lengthening hospital stays. As a result, organizations like the CDC and WHO are working extremely hard to come up with policies and carry out rigorous studies to reduce the frequency of infections contracted in hospitals.

Hospital Supplies Market Report Highlights

• Oncology products segment grows with a significant CAGR during the forecast period of the global market revenue. The increased global prevalence of cancer, combined with a greater emphasis on early detection and treatment of cancer, is boosting demand for oncology imaging.
• The hospital market segment dominated the market and generated the biggest percentage of the total revenue. Due to the rise in the number of patients in metropolitan areas that require extensive hospital supplies, the sector is anticipated to expand.
• Asia Pacific is predicted to increase at a significant CAGR during the forecast period. This can be ascribed to factors such as an expanding patient pool, a rise in hospital-acquired diseases, and a higher emphasis on safety precautions in hospital operations.
• The global players include 3M Health Care,  Boston Scientific Corporation, B. Braun Melsungen AG,  Baxter International Co., Ltd., and Cardinal Heath

Polaris Market Research has segmented the hospital supplies market report based on type, application, end-use, and region:

Hospital Supplies, Type Outlook (Revenue - USD Billion, 2018 - 2030)

• Diagnostic supplies
• Infusion & Injectable Supplies
• Intubation & Ventilation Supplies
• Personal Protective Equipment
  • Hand & Arm Protection Equipment
  • Eye & Face Protection Equipment
  • Protective Clothing
  • Foot & Leg Protection Equipment
  • Surgical Drapes
  • Other Protection Equipment
• Sterilization Consumables
• Wound Care Consumables
  • Advanced Wound Dressings
  • Surgical Wound Care
  • Traditional Wound Care
• Dialysis Consumables
  • Hemodialysis Consumables
  • Peritonea
• Disinfectants
  • Hand Disinfectants
  • Skin Disinfectants
  • Surface Disinfectants
  • Instrument Disinfectants
• Catheters
  • Cardiovascular Catheters
  • Intravenous Catheters
  • Urological Catheters
  • Specialty Catheters
  • Neurovascular Catheters
• Radiology Consumables
• Sleep Apnea Consumables
• Other Medical Supplies

Hospital Supplies, Application Outlook (Revenue - USD Billion, 2018 - 2030)

• Urology
• Wound Care
• Radiology
• Oncology
• Respiratory
• Infection Control
• Cardiology
• IVD
• Other Applications

Hospital Supplies, End-Use Outlook (Revenue - USD Billion, 2018 - 2030)

• Hospitals
• Clinics
• Physician Offices
• Others

Hospital Supplies, Regional Outlook (Revenue - USD Billion, 2018 - 2030)

• North America
  • U.S
  • Canada
• Europe
  • Germany
  • UK
  • France
  • Italy
  • Spain
  • Russia
  • Netherlands
• Asia Pacific
  • China
  • India
  • Japan
  • South Korea
  • Indonesia
  • Malaysia
• Latin America
  • Argentina
  • Brazil
  • Mexico
• Middle East & Africa
  • UAE
  • Saudi Arabia
  • Israel
  • South Africa