Hospital Supplies Market Report 2024 (Global Edition)

Global Hospital Supplies Market Report 2024 Market Size Split by Type (Diagnostic Supplies, Dialysis Consumables, Disinfectants, Catheters, Radiology Consumables, Other), by Application (Cardiovascula...

Hospital Supplies Market Report Description

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Hospital Supplies Market Insights Video

Competitive Landscape of the Hospital Supplies Market

The hospital supplies market is highly competitive, featuring key players leading through innovation, extensive product portfolios, and strong distribution networks. Competitive strategies include mergers and acquisitions, partnerships, and investments in research and development to enhance product offerings. The focus on quality, cost-effectiveness, and compliance with regulatory standards intensifies competition, driving growth in this essential market.

In December 2021, Medtronic plc launched the INVOS 7100 system. This will help clinicians to monitor organ-specific oxygen levels in patients to identify warning signs for children and even neonates. (Source: https://news.medtronic.com/2021-12-14-Medtronic-INVOS-TM-7100-Cerebral-Somatic-Oximetry-System-receives-510-k-clearance-for-pediatric-indications) In March 2022, Aesculap, Inc. launched its AESCULAP Aicon Sterile Container System. The new container has features that help streamline processes and reduce the possibility of wet sets. Aesculap will debut the new container at the Association of periOperative Registered Nurses (AORN) Global Surgical Conference and Expo, March 19-23, in Los Angeles. (Source: https://www.aesculapusa.com/en/company/news/aesculap-inc-launches-new-sterile-container-system.html) In June 2022, Boston Scientific Corporation gained 510(k) approval from the United States Food and Drug Administration (FDA) for its EMBOLD Fibered Detachable Coil, a device used to restrict or limit the rate at which blood flows in the peripheral circulation. (Source: https://news.bostonscientific.com/Boston-Scientific-Receives-FDA-Clearance-for-the-EMBOLD-Fibered-Detachable-Coil)

Top Companies Market Share in Hospital Supplies Industry: (In no particular order of Rank)

• 3M Health Care Corporation
• Advanced Sterilization Products Services Inc.
• Boston Scientific Corporation
• B. Braun Melsungen AG
• Becton Dickinson Corporation
• Baxter International Inc.
• Cardinal Heath
• Covidien Corporation
• Dickinson and Company
• Getinge AB
• Kimberly-Clark Corporation
• Kimberly-Clark Corporation
• Medtronic PLC
• Terumo Corporation
• Thermo Fisher Scientific Inc
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*List of Second Tier Companies, List of Third Tier/ Start-up Companies (Inquire with sales executive) Request Any Company Profile for Preview Purpose OR Data Validation!

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Regional Analysis of the Hospital Supplies Market

Which Region Dominates the Hospital Supplies Market in 2024?

According to Cognitive Market Research, North America currently dominates the Hospital Supplies market, and the region is expected to have significant growth during the projected period. This is due to advanced healthcare infrastructure, high healthcare expenditures, and a significant presence of leading manufacturers.

Which Region is Expanding at the Fastest CAGR?

Asia-Pacific is expected to make significant gains during the projected period, with the greatest compound annual growth rate (CAGR) due to increasing healthcare expenditures, a rising population, and growing awareness of advanced medical technologies.

The current report Scope analyzes Hospital Supplies Market on 5 major region Split (In case you wish to acquire a specific region edition (more granular data) or any country Edition data then please write us on info@cognitivemarketresearch.com

• North America (United States, Canada, Mexico)
• Europe (United Kingdom, France, Germany, Italy, Russia, Spain, Sweden, Denmark, Netherlands, Switzerland, Belgium)
• Asia-Pacific (China, Japan, Korea, India, Australia, Philippines, Singapore, Malaysia, Thailand, Indonesia, Rest of APAC)
• South America (Brazil, Argentina, Colombia, Peru, Chile, Rest of South America)
• Middle East and Africa (Saudi Arabia, Turkey, Nigeria, UAE, Egypt, South Africa, GCC Countries, Rest of MEA)

The above graph is for illustrative purposes only.

North America Hospital Supplies

According to Cognitive Market Research, the global Hospital Supplies market size was estimated at USD 30215.2 Million, out of which North America held the major market share of more than 40% of the global revenue with a market size of USD 12086.08 million in 2024 and will grow at a compound annual growth rate (CAGR) of 2.2% from 2024 to 2031.

• According to Cognitive Market Research, the US had a major share in the Hospital Supplies market with a market size of USD 9535.92 million in 2024 and is projected to grow at a CAGR of 2.0% during the forecast period due to the advancements in medical technology.
• The Canada Hospital Supplies market had a market share of USD 1450.33 million in 2024 and is projected to grow at a CAGR of 3.0% during the forecast period due to the heightened demand for infection control and safety measures in healthcare facilities.
• The Mexico Hospital Supplies market is projected to witness growth at a CAGR of 2.7% during the forecast period, with a market size of USD 1099.83 million in 2024.

Europe Hospital Supplies

According to Cognitive Market Research, the global Hospital Supplies market size was estimated at USD 30215.2 Million, out of which Europe held the market share of more than 30% of the global revenue with a market size of USD 9064.56 million in 2024 and will grow at a compound annual growth rate (CAGR) of 2.5% from 2024 to 2031.

• The United Kingdom Hospital Supplies market had a market share of USD 1522.85 million in 2024 and is projected to grow at a CAGR of 3.3% during the forecast period. In the UK, Hospital Supplies sales witness an upswing due to the heightened focus on healthcare quality and patient safety.
• The France Hospital Supplies market is projected to witness growth at a CAGR of 1.7% during the forecast period, with a market size of USD 833.94 million in 2024.
• According to Cognitive Market Research, the German Hospital Supplies market size was valued at USD 1794.78 million in 2024 and is projected to grow at a CAGR of 2.7% during the forecast period. In Germany, Hospital Supplies surged due to the significant investments in healthcare infrastructure and technological advancements.
• The Italy Hospital Supplies market is projected to witness growth at a CAGR of 1.9% during the forecast period, with a market size of USD 779.55 million in 2024.
• The Russia Hospital Supplies market is projected to witness growth at a CAGR of 1.5% during the forecast period, with a market size of USD 1405.01 million in 2024.
• The Spain Hospital Supplies market is projected to witness growth at a CAGR of 1.6% during the forecast period with a market size of USD 743.29 million in 2024
• The Luxembourg Hospital Supplies market is projected to witness growth at a CAGR of 2.6% during the forecast period, with a market size of USD 281.00 million in 2024.
• The Portugal Hospital Supplies market is projected to witness growth at a CAGR of 2.3% during the forecast period, with a market size of USD 190.36 million in 2024.
• The Greece Hospital Supplies market is projected to witness growth at a CAGR of 2.8% during the forecast period, with a market size of USD 108.77 million in 2024.
• The Rest of Europe's Hospital Supplies market is projected to witness growth at a CAGR of 1.2% during the forecast period, with a market size of USD 1405.01 million in 2024.

Asia Pacific Hospital Supplies

According to Cognitive Market Research, the global Hospital Supplies market size was estimated at USD 30215.2 Million, out of which Asia Pacific held the market share of around 23% of the global revenue with a market size of USD 6949.50 million in 2024 and will grow at a compound annual growth rate (CAGR) of 6.0% from 2024 to 2031.

• According to Cognitive Market Research, the China Hospital Supplies market size was valued at USD 3127.27 million in 2024 and is projected to grow at a CAGR of 5.5% during the forecast period. Hospital Supplies surged in China due to the increasing healthcare expenditures.
• The Japan Hospital Supplies market is projected to witness growth at a CAGR of 4.5% during the forecast period, with a market size of USD 959.03 million in 2024.
• The India Hospital Supplies market had a market share of USD 833.94 million in 2024 and is projected to grow at a CAGR of 7.8% during the forecast period due to the increased government initiatives to enhance healthcare infrastructure and accessibility.
• The South Korean Hospital Supplies market is projected to witness growth at a CAGR of 5.1% during the forecast period, with a market size of USD 694.95 million in 2024.
• The Australian Hospital Supplies market is projected to witness growth at a CAGR of 5.7% during the forecast period, with a market size of USD 361.37 million in 2024.
• The South East Asia Hospital Supplies market is projected to witness growth at a CAGR of 7.0% during the forecast period, with a market size of USD 479.52 million in 2024.
• The Rest of Asia Pacific Hospital Supplies market is projected to witness growth at a CAGR of 5.8% during the forecast period, with a market size of USD 493.41 million in 2024.

South America Hospital Supplies

According to Cognitive Market Research, the global Hospital Supplies market size was estimated at USD 30215.2 Million, out of which Latin America held the market share of around 5% of the global revenue with a market size of USD 1510.76 million in 2024 and will grow at a compound annual growth rate (CAGR) of 3.4% from 2024 to 2031.

• According to Cognitive Market Research, the Brazil Hospital Supplies market size was valued at USD 646.61 million in 2024 and is projected to grow at a CAGR of 4.0% during the forecast period. Hospital supplies flourished in Brazil due to the rising prevalence of chronic diseases.
• Argentina's Hospital Supplies market had a market share of USD 253.81 million in 2024 and is projected to grow at a CAGR of 4.3% during the forecast period due to the expanding access to healthcare services.
• Colombia Hospital Supplies market is projected to witness growth at a CAGR of 3.2% during the forecast period, with a market size of USD 134.46 million in 2024.
• Peru Hospital Supplies market is projected to witness growth at a CAGR of 3.6% during the forecast period, with a market size of USD 123.88 million in 2024.
• Chile Hospital Supplies market is projected to witness growth at a CAGR of 3.7% during the forecast period, with a market size of USD 108.77 million in 2024.
• The Rest of Latin America's Hospital Supplies market is projected to witness growth at a CAGR of 2.5% during the forecast period, with a market size of USD 243.23 million in 2024.

Middle East and Africa Hospital Supplies

According to Cognitive Market Research, the global Hospital Supplies market size was estimated at USD 30215.2 Million, out of which the Middle East and Africa held the major market share of around 2% of the global revenue with a market size of USD 604.30 million in 2024 and will grow at a compound annual growth rate (CAGR) of 3.7% from 2024 to 2031..

• The GCC Countries Hospital Supplies market is projected to witness growth at a CAGR of 4.5% during the forecast period, with a market size of USD 258.64 million in 2024. Hospital Supplies sales flourish due to the increasing healthcare infrastructure investments.
• The Egypt Hospital Supplies market is projected to witness growth at a CAGR of 4.0% during the forecast period, with a market size of USD 63.45 million in 2024.
• The South Africa Hospital Supplies market is projected to witness growth at a CAGR of 4.7% during the forecast period, with a market size of USD 95.48 million in 2024. Hospital Supplies sales flourished in South Africa due to the rising incidences of chronic diseases.
• The Turkey Hospital Supplies market is projected to witness growth at a CAGR of 3.2% during the forecast period, with a market size of USD 51.97 million in 2024.
• The Nigeria Hospital Supplies market is projected to witness growth at a CAGR of 2.8% during the forecast period, with a market size of USD 63.45 million in 2024.
• The Rest of the MEA Hospital Supplies market is projected to witness growth at a CAGR of 2.7% during the forecast period, with a market size of USD 71.31 million in 2024.

Hospital Supplies Market Analysis

How are Segments Performing in the Global Hospital Supplies Market?

Hospital Supplies Market Type Segment Analysis

According to Cognitive Market Research, dialysis consumables are likely to dominate the Hospital Supplies Market over the forecast period due to the rising prevalence of chronic kidney diseases and the increasing number of patients requiring dialysis treatment. These consumables, including dialyzers, bloodlines, and filters, are essential for effective treatment, driving significant demand within hospitals and healthcare facilities worldwide.

The catheter is the fastest-growing segment in the Hospital Supplies Market due to the rising prevalence of chronic diseases requiring long-term treatments, such as diabetes and cardiovascular conditions. Advances in catheter technology, including antimicrobial coatings and enhanced patient comfort, further boost demand, making them essential in modern medical care.

The above Chart is for representative purposes and does not depict actual sale statistics. Access/Request the quantitative data to understand the trends and dominating segment of Hospital Supplies Industry. Request a Free Sample PDF!

Hospital Supplies Market Application Segment Analysis

According to Cognitive Market Research, the other segment holds the largest share of the market due to its essential role in daily operations. High demand for items like gloves, syringes, and PPE, driven by safety regulations and infection control measures, ensures consistent revenue and market share for manufacturers in these categories.

In the Hospital Supplies Market, laparoscopy has been expanding at a rapid pace due to its minimally invasive nature, which offers benefits like reduced recovery times and lower risk of complications. Advances in surgical instruments and techniques, along with increasing demand for outpatient procedures, are driving rapid adoption in hospitals worldwide.

The above Graph is for representation purposes only. This chart does not depict actual Market share.

Hospital Supplies End User Segment Analysis

Hospital Supplies Market End User Segment Analysis

According to Cognitive Market Research, the hospital segment dominates the market due to their extensive demand for a wide range of medical products, from surgical instruments to PPE. As primary consumers of these supplies, hospitals drive innovation and purchasing decisions, influencing supplier offerings and ensuring that quality and efficiency standards are met.

Ambulatory surgical center is projected to be the fastest-growing segment in the Hospital Supplies market due to their increasing preference for outpatient procedures, which reduce hospital congestion and costs. Enhanced patient outcomes, technological advancements, and the demand for minimally invasive surgeries further drive the need for specialized hospital supplies in ASCs.

• Hospitals
• Ambulatory Surgical Centers
• Clinics
• Other

Author's Detail

Anushka Gore

Research Associate at Cognitive Market Research

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Anushka Gore is a seasoned market researcher specializing in the dynamic landscape of the Pharmaceutical industry. With a keen analytical mind and a deep passion for healthcare advancements, she has dedicated herself unraveling the intricate market trends and consumer behaviors that shape the future of medical technologies and services.

Author's Conclusion