Various devices, instruments and medical consumables utilized in hospitals and other healthcare institutions constitute the hospital medical equipment and supplies market. Its growth trajectory has been positive over the past few years which is in response to the steadily rising demand.
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As per the report on European Hospital Supplies Market, published by Market Data Forecast, the Europe market is estimated to reach USD 11.38 billion by 2021, at a CAGR of 11.9% from 2016 to 2021.
The introduction of technologically advanced hospital supplies in the market by the leading companies have considerably improved the management of patients by the doctors.
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Europe Hospital Supplies Market: Drivers & Restraints
Rising awareness about the HAIs (Hospital acquired infections), rise in the number of hospitals, and augmenting geriatric population are some of the causes which are fuelling the growth of this market. On the other hand, advent of home care services, and stringent regulatory framework are hampering the development of this market.
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Europe Hospital Supplies Market: Segmentation
By Product Type
- Operating Room Equipment
- Sterilization & Disinfectant Equipment
- Syringes & Needles
- Patient Examination Devices
- Mobility Aids & Transportation Equipment
- Disposable Hospital Supplies
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Europe Hospital Supplies Market: Overview
Medical devices market is inundated with development projects and investment prospects thereby providing ample opportunities for the fledgling players to grow. This trend augurs well for the market.
Presently, the leading segment in the market is disposable hospital supplies closely followed by syringes and needles.
Europe Hospital Supplies Market: Region-wise Outlook
The European market has been geographically categorized into Germany, U.K, France, Spain, and Italy. Europe ranks third with a global market share of 23%.
Presently, the leading country in the region is Germany closely followed by UK and France. Other players in the region are Norway, Netherlands, Denmark, and Greece.
Key Questions Answered
- What is the current and future Europe Hospital Supplies market outlook in Europe? What trends are affecting the European market?
- What is the competitive landscape and market share of major players in the Europe Hospital Supplies space in Europe?
- What are the key, high growth markets that Europe Hospital Supplies manufacturers should expand into? Which market segments are growing the fastest?
- What are the unmet needs with the Europe Hospital Supplies currently on the market? How will emerging technologies fulfil these unmet needs?
- What is physician perception and market outlook of Europe Hospital Supplies?
- What are the challenges and barriers that have hindered widespread adoption of Europe Hospital Supplies?
Europe Hospital Supplies Market: Key Players
The leading companies commanding the market in this region are Advanced Sterilization Products Services Inc., Dickinson and Company, Cardinal Health, Inc., Kimberly-Clark Corporation, Becton, 3M Health Care, and B. Braun Melsungen AG. They likely to face cut-throat competition from some of the fledgling companies in the near future, demonstrating the open nature of this market.
Europe Hospital Supplies Market Report:
- regional and country-level analysis and forecasts of the study market; providing Insights on the geographical areas in which this industry is prospering
- Segment-level analysis on basis of product type, application, colour along with market size forecasts and y-o-y estimations to detect key areas of industry growth in detail
- Identification of key drivers, restraints, opportunities, and challenges (DROC) in the market and their impact on shifting market dynamics
- Study of macro and micro environmental factors that affect the market presented in an extensive strategic analyses section containing PESTLE and Porter’s Five Forces Analyses
- A comprehensive listing of key market players along with company overview, product portfolios, key financial information (subjected to availability), SWOT analysis and Analyst overview to study and sustain the market environment
- Competitive landscape analysis listing out the mergers, acquisitions, collaborations in the field along with new product launches, comparative financial studies and recent developments in the market by the major companies
- Expertly devised Market Outlook along with Investment opportunities to provide both individuals and organizations a strong financial foothold in the market
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