The Business Research Company’s global market reports are now updated with the latest market sizing information for the year 2023 and forecasted to 2032

The Business Research Company’s hospital supplies market report forecasts the hospital supplies market size to grow to $74.2 Billion by 2027, with a CAGR (compound annual growth rate) of 6 %.

Learn More On The Hospital Supplies Market Report 2023 – https://www.thebusinessresearchcompany.com/report/hospital-supplies-global-market-report

Hospital Supplies Market Size Forecast
The global hospital supplies market is expected to grow from $54.79 billion in 2022 to $58.71 billion in 2023 at a compound annual growth rate (CAGR) of 7.1%. 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, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The hospital supplies market is expected to grow to $74.2 billion in 2027 at a CAGR of 6.0%.

Asia-Pacific held the largest hospital supplies market share.

Key Hospital Supplies Market Driver ­– Rise In Precautionary Measures Being Adopted
According to WHO data, Of every 100 hospitalized patients at any given time, 7 in developed and 10 in developing countries will acquire at least one healthcare-associated infection. This is expected to boost the demand for hospital supplies and drive the market during the forecast period.

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Key Hospital Supplies Market Trend – Developing Its Needle-Free Technology
Injection manufacturers are increasingly investing in painless injections and needle-free technology as a replacement for conventional injections for faster delivery of drugs, hormone treatments, insulin, and vaccines. Painless injections include microneedle patches and laser-based devices to deliver drugs to a patient’s body. Microneedle patches are skin patches equipped with tiny plastic needles that dissolve within a short period and deliver vaccines painlessly in the form of a pressured stream of liquid. These devices are utilized to avoid pain and manage chronic illnesses such as diabetes. For instance, in November 2021, MyLife Technologies raised $4 million for further development of its needle-free drug delivery system.

Hospital Supplies Market Segment
1) By Type: Disposable Hospital Supplies, Sterilization Equipment And Disinfectants, Mobility Aids And Transportation Equipment, Operating Room Equipment
2) By End User: Hospitals And Clinics, Diagnostic Laboratories, Other End Users
3) By Type of Expenditure: Public, Private
4) By Product: Instruments/Equipment, Disposables

Hospital Supplies Market Major Players and Strategies
Major players in the hospital supplies market are Becton Dickinson, B. Braun Group, Steris, Baxter International Inc., Stryker Corporation, Cardinal Health, Inc., Hill-Rom, Inc., Terumo Corporation, Medtronic Inc., and 3M Company.

The Hospital Supplies Global Market Report 2023 covers regional data on hospital supplies market size, hospital supplies market trends and drivers, opportunities, strategies, and hospital supplies market competitor analysis. The countries covered in the hospital supplies market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, the UK, and the USA, and the major seven regions are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, the Middle East, and Africa.

Hospital supplies mean items used for therapeutic or diagnostic purposes essential for patient care, such as dressings, catheters, or syringes.

View More Reports Related To The Hospital Supplies Market –
Disposable Hospital Supplies Global Market Report 2023
Hospital Acquired Infections Testing Kits Global Market Report 2023
Hospital Information System Global Market Report 2023

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