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The disposable hospital supplies market is forecasted to achieve high growth in the coming few years with a forecast CAGR (compound annual growth rate) of more than 4%, as per The Business Research Company’s market report!

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The Disposable Hospital Supplies Market Size In 2022 And Forecast

The global disposable hospital supplies market grew from $25.97 billion in 2021 to $27.83 billion in 2022 at a compound annual growth rate (CAGR) of 7.2%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, surge in commodity prices, and supply chain disruptions, effecting many markets across the globe. The disposable hospital supplies market is expected to grow to $33.3 billion in 2026 at a CAGR of 4.6%.

The disposable hospital supplies market consists of the sale of disposable hospital supplies and related services.

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Increase In Number Of COVID-19 Cases Globally Is Driving The Growth Of The Disposable Hospital Supplies Market

According to the World Health Organization report published on the 3rd July 2020, there were 10,719,946 COVID-19 confirmed cases including 323,412 deaths globally. Therefore, the rise in the number of cases across the globe and the growing need for healthcare workers to be protected against the spread of the virus are anticipated to boost the demand for the disposable hospital supplies market over the forecast period.

Competitive Landscape And The Regional Analysis Of The Disposable Hospital Supplies Market

Major players in the disposable hospital supplies market are Abbott Laboratories, Bayer AG, Becton, Dickinson and Company, Cardinal Health Incorporated, Domtar Corporation, 3M, Stryker Corp, Hill-Rom Holdings Inc, Steris Corp, and Getinge AB.

The Disposable Hospital Supplies Global Market Report 2022 covers regional data on key drivers, opportunities, and strategies for the seven major regions of the world that are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa. The countries covered in the disposable hospital supplies market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, the UK, and the USA. The report includes market size and forecast market shares for all the regions and countries with respect to the major players of the disposable hospital supplies market.

Amid Coronavirus Outbreaks – A Key Trend In The Disposable Hospital Supplies Market

The increase in production capacities by various players dealing in the disposable hospital supplies market amid coronavirus outbreaks is a leading trend shaping the growth of the industry.

Disposable Hospital Supplies Market Segmentation By The Business Research Company

1) By Type: Gloves, Drapes, Gowns, Needles, Syringes, Procedure Kits And Trays, Bandages, Masks

2) By Product: Diagnostic Supplies, Dialysis Consumables, Radiology Consumables, Infusion Products, Incubation & Ventilation Supplies, Hypodermic Products, Sterilization Consumables, Non-Woven Medical Supplies, Wound Care Consumables, Other Products

3) By End-Users: Hospitals, Clinics/Physician Offices, Assisted Living Centers & Nursing Homes, Ambulatory Surgery Centers, Research Institutes

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