Hospital supplies market is poised for a recovery in 2021, with a latest a latest study by Fact.MR projecting revenues to grow at steadily through 2021.
Hospital supplies market is poised for a recovery in 2021, with a latest a latest study by Fact.MR projecting revenues to grow at steadily through 2021. Rapid developments in the healthcare sector is likely to direct the market to more than US$ 21 Bn in revenues by 2029. Growth is further augmented by increasing prevalence of HAI’s (hospital-acquired infections) stimulating the usage of disposable and sterile products such as surgical packs, surgical drapes, and surgical gloves in hospitals. Fact.MR, a global research & consulting firm, in the updated edition of the report, indicates a striking growth pace amid the assessment period 2019-2029.
“Growing investments as well as acquisitions by big players to extend their regional existence of sterile medical supplies is projected to bolster the global hospital supplies market expansion.” says Fact.MR.
Surge in Demand for Cutting Edge Medical Devices Influences Demand for Hospital Supplies
Individuals suffering from critical and chronic illness require cutting edge medical devices in their diagnostic and treatment procedures. Owing to growing cases of illness healthcare sector and hospitals are obtaining recent medical technologies to treat patients without any trouble encouraging the hospital supplies industry.
As per the Fact.MR study, aside from aforementioned factors, increasing incidences of inflammatory and communal ailments such as pneumococcal diseases and sexually transmitted diseases, in addition to rising geriatric population are further projected to impel the demand for hospital supplies.
Request Sample Report- https://www.factmr.com/connectus/sample?flag=S&rep_id=4553
Surgical Packs Products to Offer Growth Prospects for Hospital Supplies
Hospital supplies products, for instance, gowns, surgical packs, drapes, feeding tubes and gloves, are chiefly consumed in hospitals. Among these, surgical packs are majorly utilized in general, orthopedic, cardiovascular, gynecology, plastic, dental, ophthalmic, ENT, and, neuro surgeries.
Rise in number of surgical procedures due to growing medical tourism has prompted voluminous sales. These aforementioned aspects will augment the growth of the hospital supplies market which is poised to account for an incremental dollar opportunity of US$3Bn by the end of the forecast period.
The US & UK Promise Strong Growth Projections for Hospital Supplies
The US and UK are anticipated to account for 70% of the overall share. The factors ascribing to the higher share are the steady focus on the innovative and cost-effective procedures adopted in the regions, which has reflected a rise in demand for hospital supplies. Additionally, rising HAI’s and communal diseases are projected to fuel growth.
Nations such as Russia, and Brazil, will also be rapidly growing through 2021 due to the sturdy progress of health care reform and incessant demand stimulus. Several social capital flows to the Indian, Chinese, South Korean, and other Southeast Asian hospital industry by mergers and acquisitions, self-establishment, associates, joint ventures, along with other forms, are a few of the key factors that have prompted mushrooming of private hospitals.
Increasing Investment & Product Innovation Remains Chief Focus Areas: Fact.MR Survey
Hospital Supplies market is highly consolidated owing to the presence of handful players in the market. Fact.MR’s survey with thought leaders discovered that increasing innovation, growing investment for several private and public organizations and mergers and acquisitions will remain a key strategy for market players in 2021 & beyond. The updated edition of the report provides comprehensive coverage of the projected to remain the key strategies of market players. A few of the players profiled in the report are Boston Scientific Corporation, Covidien, Dickinson and Company, 3M Health Care, and Kimberly-Clark Corporation. The updated edition also offers a detailed analysis of the COVID-19 impact on this market.
Explore Fact.MR’s Healthcare Reports
Medical Waste Containers Market: Find insights on the medical waste containers market with analysis of segments, statistics, influencers, market players, and business strategies adopted over a forecast period of 2020-2026.
Biomedical Refrigerators and Freezers Market: Fact.MR’s report on the biomedical refrigerators and freezers market offers insights on the market during 2017-2022 including restraints, revenue sources, market leaders, and market strategies.
Medical Beds Market: Read an analysis of the medical beds market with insights on growth factors, opportunities, restraints, regional market forecast, regulatory policies, and strengths of market leaders.
About Fact.MR
Market research and consulting agency with a difference! That’s why 80% of Fortune 1,000 companies trust us for making their most critical decisions. While our experienced consultants employ the latest technologies to extract hard-to-find insights, we believe our USP is the trust clients have on our expertise. Spanning a wide range – from automotive & industry 4.0 to healthcare & retail, our coverage is expansive, but we ensure even the most niche categories are analyzed. We are headquartered in Dubai, and operate from our sales office in Dublin, Ireland. Reach out to us with your goals, and we’ll be an able research partner.
Contact Us
U.S Sales Office:
11140 Rockville Pike
Suite 400
Rockville, MD 20852
United States
Email: sales@factmr.com
Website: https://www.factmr.com
Corporate Headquarter:
Unit No: AU-01-H Gold Tower (AU),
Plot No: JLT-PH1-I3A,
Jumeirah Lakes Towers, Dubai,
United Arab Emirates
Source: Fact.MR