Hospital Equipment And Supplies Market | Contrive Datum Insights

Global Hospital Equipment And Supplies Market size was valued at USD 39.21 Billion in 2022 and is projected to reach USD 110.63 Billion by 2030, growing at a CAGR of 12.21% from 2022 to 2030.

Hospital Equipment And Supplies Market Overview:

The medical equipment market includes various segments such as orthopedic implants and prostheses, cardiovascular devices, neurovascular devices, general equipment and supplies, patient monitoring equipment, ophthalmic equipment, in vitro diagnostic equipment, and others. Hospital equipment and supplies refer to medical equipment used in hospitals.

The hospital equipment and supplies market is growing at a significant rate due to increasing number of hospitals, aging population, and growing awareness of hospital acquired infections (HAIs). The hospital equipment and supplies market can be segmented into different categories. For example, mobility aids and transportation equipment, operating room equipment, sterilization and disinfection equipment, disposable hospital supplies, syringes and needles, and patient examination devices.

The disposable hospital supplies segment and the syringes and needles segment are the largest segments in the global hospital equipment and supplies market. North America dominates the global market for hospital equipment and supplies due to aging population and increasing prevalence of lifestyle-related diseases such as cardiovascular disease, diabetes, hypertension and obesity.

Following Europe, Asia is expected to experience high growth rates in the coming years in the hospital equipment and consumables market. This is due to the region's large population base and high unmet medical needs. Countries such as Brazil, Russia, China, and India are expected to be the fastest-growing markets for hospital equipment and consumables.

Some of the major driving forces for the hospital equipment and supplies market in emerging countries are high economic growth, changing lifestyles, rising standards of healthcare and increasing government initiatives in this sector.

Factors such as increasing number of hospitals, increasing prevalence of lifestyle-related diseases and aging population are driving the global hospital equipment and consumables market. In addition, the spread of telemedicine and improvement of medical facilities are driving the global hospital equipment and supplies market.

However, growing popularity of home care services, decline in private health insurance and stringent government-led regulations are restraining the hospital equipment and consumables market growth. Also, the introduction of personalized medicine concept and other diagnostic options available in the market is limiting the market for hospital equipment and supplies.

Emerging markets have great growth potential for the hospital equipment and consumables market. Some of the latest trends observed in the hospital equipment and supplies market include companies involved in mergers and acquisitions and geographic expansion.

Key Market Updates:

• In September 2021, Baxter acquired Healom, an American medical device group. Baxter International, a medical technology group, has agreed to acquire competing equipment company Hillrom. Hillrom, which makes medical equipment ranging from low-tech hospital chairs to more sophisticated wearable electrocardiographs and operating tables, and Baxter, which focuses on critical care, nutrition and surgical products, offer mega deals in the medical device and healthcare industries.
• In August 2020, Johnson & Johnson announced that it had entered into a definitive agreement to acquire Momenta Pharmaceuticals, Inc. The company discovers and develops new treatments for immune-mediated diseases in an all-cash transaction. The acquisition provides an opportunity for Johnson & Johnson's Janssen pharmaceutical company to expand its leadership in immune-mediated diseases and expand into autoantibody-based diseases to drive further growth.

Major Market Segments Covered in Hospital Equipment And Supplies Market Industry Research:

• GE Healthcare
• Covidien
• Thermo Fischer and Scientific
• Boston Scientific Corporation
• B. Braun Melsungen AG
• 3M Health Care
• Becton Dickinson and Company
• Cardinal Heath
• Kimberly-Clark Corporation
• Advanced Sterilization Products Services Inc.
• Molnlycke Health Care AB
• Steris Corporation
• Stryker Corporation
• Terumo Corporation and Getinge AB
• Johnson & Johnson
• Baxter International
• Others.

Key Vendors:

1. GE Healthcare: It is an Intelligent gadget, advanced analytics, and artificial intelligence have an effect on millions of people every day. As a world leader in medical technology and digital solutions, GE HealthCare's intelligent devices, data analytics, applications, and services, which are supported by its Edison intelligence platform, help clinicians make choices faster and with more information.

With over 100 years of healthcare industry experience and around 50,000 employees globally, the company operates at the center of an ecosystem working toward precision health, digitizing healthcare, helping drive productivity and improve outcomes for patients, providers, health systems and researchers around the world. We believe in a culture of respect, openness, honesty, and diversity, and we work to make a world where there are no boundaries to healthcare.

2.Covidien From advanced energy-based surgical tools to decades of experience in all areas of respiratory care, our range of market-leading names gives us clinical and economic value that can't be beat.

3. At Boston Scientific Corporation: It work together to find solutions to healthcare's hardest problems. We do this by coming up with solutions that are most important to people with debilitating and life-threatening conditions and to the medical workers who care for them. We help providers offer care more effectively in more than 100 countries by lowering costs, making care more efficient, and giving more people access to care. This helps more people in more places live longer, healthier lives.

We go above and beyond our goal to improve the lives of our patients by investing in the future and health of our employees and the world. Newsweek ranked us as the 16th best company in the U.S., which shows how much we care about the environment. We also try to create a workplace that is open to all kinds of people and gives our more than 38,000 workers around the world chances to serve in their local communities.

4.3M Medical Care: We think that good health is the most important thing. This belief drives us to make reliable, high-quality goods and solutions for the health care industry around the world. Whether you talk to patients directly, make biopharmaceutical solutions, or create medical devices, the work you do every day makes people's lives better.

5.Health Cardinal: Cardinal Health is a company that sells pharmaceuticals, makes and sells medical and laboratory goods all over the world, and gives healthcare facilities performance and data solutions. Cardinal Health is important to care because it works in more than 30 countries and has about 44,000 workers around the world.

We figure out how to deal with the complexity of health care and offer scalable solutions to help our customers thrive in a world that is always changing. We want to be a trusted partner in healthcare by driving growth in areas of healthcare that are always changing and improving our distribution, goods, and solutions to meet customer needs.

By Type:

• Sterilization And Disinfectant Equipment
• Disposable Hospital Supplies Patient Examination Devices
• Syringes And Needles
• Other

Sterilization and disinfectant equipment

• Autoclave: An autoclave is a machine that uses steam under pressure to sterilize medical equipment. It is the most common type of sterilizer used in hospitals.
• Ethylene oxide (ETO) sterilizer: An ETO sterilizer uses ethylene oxide gas to sterilize medical equipment. ETO is a gas that is toxic to humans, so it must be used in a well-ventilated area.
• Chemical vapor sterilizer: A chemical vapor sterilizer uses vaporized chemicals to sterilize medical equipment. This type of sterilizer is often used for heat-sensitive equipment.
• High-level disinfectant: A high-level disinfectant is a chemical that can kill all microorganisms, including bacteria, viruses, and fungi. High-level disinfectants are often used to disinfect surfaces and equipment that cannot be sterilized.

Disposable hospital supplies

• Syringes: Syringes are used to inject medication or fluids into the body. They are typically made of plastic and come in a variety of sizes.
• Needles: Needles are used to inject medication or fluids into the body. They are typically made of stainless steel and come in a variety of sizes.
• Bandages: Bandages are used to cover wounds and prevent infection. They are typically made of gauze or fabric and come in a variety of sizes.
• Gloves: Gloves are worn to protect the hands from germs and contamination. They are typically made of latex, nitrile, or vinyl.

Patient examination devices

• Stethoscope: A stethoscope is used to listen to the heart, lungs, and other internal organs. It has two earpieces and a chestpiece that is placed on the patient's body.
• Ophthalmoscope: An ophthalmoscope is used to examine the eyes. It has a light source and a lens that is placed in front of the patient's eye.
• Thermometer: A thermometer is used to measure body temperature. It can be placed in the mouth, under the arm, or in the rectum.
• Pulse oximeter: A pulse oximeter is used to measure the oxygen saturation in the blood. It has a sensor that is placed on the fingertip.

Other medical equipment

• Electrocardiogram (EKG) machine: An EKG machine is used to record the electrical activity of the heart. It has electrodes that are placed on the patient's chest.
• X-ray machine: An X-ray machine is used to create images of the bones and internal organs. It uses X-rays to pass through the body and create images on film or a digital screen.
• MRI machine: An MRI machine is used to create detailed images of the body's soft tissues. It uses a strong magnetic field and radio waves to create images.
• CT scan machine: A CT scan machine is used to create detailed images of the body's internal structures. It uses X-rays to create images from different angles.

By Application:

• OEMs
• Aftermarket
• Other

OEMs

• Original Equipment Manufacturer (OEM) refers to the company that originally manufactured the medical equipment. OEMs typically sell their products directly to hospitals and other healthcare providers.
• OEM parts are parts that are made by the original equipment manufacturer. OEM parts are typically made to the same specifications as the original parts, and they are often considered to be the highest quality.

Aftermarket

• Aftermarket refers to the market for medical equipment that is not made by the original equipment manufacturer. Aftermarket parts are typically made by third-party companies, and they may not be as high quality as OEM parts. However, aftermarket parts can be a more affordable option.

Other

• Other medical equipment refers to medical equipment that does not fall into the categories of OEM or aftermarket. This includes equipment that is made by small businesses or individual inventors. Other medical equipment can be a good option if you are looking for a unique or specialized piece of equipment.

By Distribution Channels:

• Public Hospitals
• Private-Profit Hospitals
• Private-Non Profit Hospitals
• Other

By Region:

North America is the largest market for hospital equipment and supplies, accounting for a share of over 35% in 2022. The growth of the market in North America is being driven by the increasing demand for healthcare services, the rising prevalence of chronic diseases, and the technological advancements in the healthcare industry.

Europe is the second-largest market for hospital equipment and supplies, accounting for a share of over 25% in 2022. The growth of the market in Europe is being driven by similar factors to North America, as well as the increasing focus on patient-centered care.

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Asia-Pacific is the fastest-growing market for hospital equipment and supplies, accounting for a share of over 10% in 2022. The growth of the market in Asia-Pacific is being driven by the rising prevalence of chronic diseases, the growing aging population, and the increasing economic development in the region.

Latin America and Middle East & Africa are the smallest markets for hospital equipment and supplies, accounting for a share of less than 10% each in 2022. The growth of the markets in these regions is being driven by the increasing prevalence of chronic diseases and the rising economic development.

• North America
• US
• Canada
• Mexico
• Rest of North America
• Europe
  • Denmark
  • Finland
  • Iceland
  • Sweden
  • Norway
  • Belgium
  • The Netherlands
  • Luxembourg
• Germany
• France
• Italy
• Spain
• UK
• Nordic Countries
• Benelux Union
• Rest of Europe
• Asia-Pacific
  • Indonesia
  • Thailand
  • Malaysia
  • Singapore
  • Rest of Southeast Asia
• Japan
• China
• India
• Australia
• South Korea
• Southeast Asia
• Rest of Asia-Pacific
• The Middle East & Africa
• Saudi Arabia
• UAE
• Egypt
• South Africa
• Rest of the Middle East & Africa
• Latin America
• Brazil
• Argentina
• Rest of Latin America

Significant Market Dynamics:

Dynamics

• The hospital equipment and supplies market is a dynamic market, with new products and technologies being introduced on a regular basis.
• The market is also affected by changes in government regulations, reimbursement policies, and patient preferences.

Restraints

• The high cost of hospital equipment and supplies is a major restraint on the market.
• The risk of side effects from hospital equipment and supplies is also a restraint on the market.

Drivers

• The increasing prevalence of chronic diseases is a major driver of the market.
• The growing aging population is also a driver of the market.
• The rising demand for personalized medicine is another driver of the market.

Trends

• The increasing focus on patient-centered care is a trend in the hospital equipment and supplies market.
• The growing use of biologics is another trend in the market.
• The increasing adoption of home healthcare is also a trend in the market.

Challenges

• The counterfeiting of hospital equipment and supplies is a challenge facing the market.
• The lack of awareness about hospital equipment and supplies is another challenge facing the market.

Opportunities

• The market for hospital equipment and supplies is expected to grow in the coming years due to the factors mentioned above.
• There are also opportunities for growth in the market through the development of new products and technologies.

Scope of report :

Conclusion:

Medical device companies that make most of their money from elective surgeries will be hit harder than those that make money from emergency operations. COVID-19 is expected to have a short-term effect on the world market for medical devices, but it is not expected to have much or any effect in the long run. It is likely that the spread will slow down mergers, acquisitions, partnerships, and new product development in the medical devices sector.

Disposable hospital supplies, hospital beds, mobility aids and transportation equipment, operating room equipment, patient examination tools, sterilization equipment, and syringes and needles. Each market category's annualized revenue (in USD million) and volume (in units) statistics. From 2015 to 2025, information is given. Global profiles of the top players in the India Hospital Supplies market at the company level.