Hospital Equipment and Supplies Market Size, Share, Industry Analysis, Trends, Growth, Forecasts, 2032

According to the report published by Zion Market Research, the global Hospital Equipment and Supplies Market size was valued at USD 49.38 Billion in 2023 and is predicted to reach USD 120.49 Billion by the end of 2032. The market is expected to grow with a CAGR of 10.20% during the forecast period. The report analyzes the global Hospital Equipment and Supplies Market’s growth drivers, restraints, and impact on demand during the forecast period. It will also help navigate and explore the arising opportunities in the Hospital Equipment and Supplies Market industry.

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Global Hospital Equipment and Supplies Market: Overview

The hospital equipment and supplies market refers to the medical devices that are used in the hospitals for several purposes. The medical equipment is used for purposes such as for treatments, diagnosis of the diseases, etc. There are various segments under this category such as cardiovascular devices, general equipment & supplies, ophthalmic devices, orthopaedic implants and prosthetics, neurovascular devices, patient monitoring equipment, in vitro diagnostics equipment, etc.

Global Hospital Equipment and Supplies Market: Growth Factors

The global hospital equipment and supplies market is growing at a considerable rate owing to the increased number of healthcare facilities, increasing aging population, and the growing awareness about the quality care received in the hospitals. Rapid urbanization in the regions has changed the lifestyle of the people, which in turn, has increased the prevalence of the lifestyle diseases thus increasing the demand for the hospital equipment and supplies market. The advancements in the healthcare facilities and the growing adoption of the telehealth and telemedicine have also positively contributed to the market development.

Factors that are restraining the growth of the market are increasing the popularity of the home care services, no proper reimbursement policies, and the stringent regulations implemented by the government. Furthermore, the developments in the personalized medicines and the diagnostic procedures and its availability in the market are negatively affecting the hospital equipment and supplies market.

The equipment and supplies market is expected to find a wide range of opportunities in the emerging markets.

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Global Hospital Equipment and Supplies Market: Segmentation

The global hospital equipment and supplies market is segmented on the basis of its products and regions.

On the basis of the product type, the global market is segregated into mobility aids and transportation equipment, disposable hospital supplies, syringes and needles, sterilization and disinfectant equipment, operating room equipment, and patient examination devices.

Based on the geographical regions, the hospital equipment and supplies market is diversified into North America, Latin America, Asia Pacific, the Middle East and Africa, and Europe.

Hospital Equipment and Supplies Market : Report Scope

Global Hospital Equipment and Supplies Market: Regional Analysis

The global hospital equipment and supplies market is dominated by North America owing to the factors such as the increasing geriatric population and the growing occurrence of the lifestyle diseases such as diabetes, obesity, cardiovascular diseases, and hypertension.

The market in the Asia Pacific is expected to witness rapid development in the coming years. The factors supporting the growth of the market are increased disposable income, rapid urbanization, increased quality of healthcare facilities, and the favorable government initiatives. The emerging nation China will register a significant market growth owing to the steady development of the healthcare infrastructure and the active participation by the market players.

Europe will also witness a high growth rate in the hospital equipment and supplies market owing to the large population base and the increased unmet medical needs.

Global Hospital Equipment and Supplies Market: Competitive Players

Some of the most important market players in the hospital equipment and supplies market include:

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

The Global Hospital Equipment and Supplies Market is segmented as follows:

By product Type 

• mobility aids and transportation equipment 
• disposable hospital supplies
• syringes and needles 
• sterilization and disinfectant equipment 
• operating room equipment, 
• patient examination devices 

Global Hospital Equipment and Supplies Market: Regional Segment Analysis

• North America
  • The U.S.
• Europe
  • The UK
  • France
  • Germany
• The Asia Pacific
  • China
  • Japan
  • India
• Latin America
  • Brazil
• The Middle East and Africa

What Reports Provides

• Full in-depth analysis of the parent market
• Important changes in market dynamics
• Segmentation details of the market
• Former, on-going, and projected market analysis in terms of volume and value
• Assessment of niche industry developments
• Market share analysis
• Key strategies of major players
• Emerging segments and regional markets
• Testimonials to companies in order to fortify their foothold in the market.