According to the report North America Hospital Supplies Market is projected to reach USD 17.62 billion by 2021, at a CAGR of 11.7% from 2016 to 2021.
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Hospital medical equipment and supplies refer to various devices, tools, instruments and medical consumables that are used in hospitals and healthcare establishments. Hospital equipment and materials market is increasing at a substantial rate past few years.
Technically advanced products are being produced in order to assist doctors and physicians to manage their patients.
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North America Hospital Supplies Market: Drivers & Restraints
The growth of the market is majorly driven by factors such as growing awareness about HAIs (hospital acquired infections), aging population, and increasing occurrences of communal diseases.
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However, with the arrival of home care services, advance of personalized medicine and drop in private health insurance are the major factors hindering the growth of the market.
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North America 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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North America Hospital Supplies Market: Overview
Disposable hospital supplies lead the market with a market share of 46% followed by syringes and needle segment with a market share of 23%.
North America Hospital Supplies Market: Region-wise Outlook
The North America market has been geographically segmented into US and Canada. The USA leads the market in this region with a share of almost 74%.
Key Questions Answered
- What is the current and future North America Hospital Supplies market outlook? What trends are affecting the North American market?
- What is the competitive landscape and market share of major players in the North America Hospital Supplies Market?
- What are the key market segments that currently occupy the highest market share? Which market segments are growing the fastest?
- What challenges are restraining the growth of the North America Hospital Supplies market? How will emerging technologies answer these challenges?
- What is physician perception and market outlook of hospital supplies?
North America Hospital Supplies Market: Key Players
Major players in the market include Advanced Sterilization Products Services Inc., Dickinson and Company, Cardinal Health, Inc., Kimberly-Clark Corporation, Becton, 3M Health Care, and B. Braun Melsungen AG.
North America 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 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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