North America Hospital Supplies Market expected to be valued at USD 17.62 billion by 2021
According to the report North America Hospital Supplies Market, published by Market Data Forecast, the market is projected to reach USD 17.62 billion by 2021, at a CAGR of 11.7% from 2016 to 2021.
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. 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.
Reasons to access 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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