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New study: Europe's hospital supplies market trends by 2021

New study: Europe's hospital supplies market trends by 2021

Europe Hospital Supplies Market is estimated to reach $11.38 billion by 2021.

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The Europe Hospital Supplies Market was worth $6.49 billion in 2016 and estimated to be growing at a CAGR of 11.90%, to reach $11.38 billion by 2021. Hospital medical equipment and supplies denote the various devices, instruments and medical consumables that are utilized in hospitals and healthcare institutions.

This market has been growing at a significant rate over the past few years.

Top players in the hospital supplies market are launching technically innovative hospital supplies to help doctors better manage their patients.

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With an extensive category of development and investment prospects for budding players seeking to be a part of the medical device market, continual growth of the hospital supplies market is expected.

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The growth of the Europe Hospital Supplies Market is majorly driven by factors such as growing awareness about HAIs (hospital acquired infections), rising number of hospitals, and increasing aging population. However, introduction of home care services, and stern regulatory bodies are the major factors restraining the growth of the market.

The Europe Hospital Supplies Market is segmented on the basis of product type into Operating Room Equipment, Sterilization & Disinfectant Equipment, Syringes & Needles, Patient Examination Devices, Mobility Aids & Transportation Equipment, and Disposable Hospital Supplies. The disposable hospital supplies segment leads the market followed by syringes and needles.

The Europe market has been geographically segmented into Germany, U.K, France, Spain, and Italy. European is the third largest market with a global share of 23%.

Germany is the largest market share holder for hospital Supplies in this region, followed by the UK and France. Other significant players in the region are Norway, Netherlands, Denmark, and Greece.

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The major companies dominating 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. Leading companies in the market are likely to face an intense competition from some of the budding companies in the coming years, exemplifying the open nature of this market.

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