General Hospital Supplies Devices Market Research Report Information By Product Type (Operating Room Equipment, Sterilization and Disinfectant Equipment, Syringes and Needles, Patient Examination Devices, Mobility Aids and Transportation Equipment, and Disposable Hospital Supplies) And By Region (North America, Europe, Asia-Pacific, And Rest of The World) –Market Forecast Till 2032

Global General Hospital Supplies Devices Market Overview

General Hospital Supplies Devices Market Size was valued at USD 44.5 Billion in 2022. The General Hospital Supplies Devices Market industry is projected to grow from USD 50.0 Billion in 2023 to USD 128.4 Billion by 2032, exhibiting a compound annual growth rate (CAGR) of 12.50% during the forecast period (2023 - 2032).The increasing hospitalization rates, growing emphasis on safety and cleanliness to prevent hospital-acquired infections, and the imperative to maintain hygiene throughout healthcare facilities are expected to be significant market drivers for the General Hospital Supplies Devices Market.

Source: Secondary Research, Primary Research, MRFR Database and Analyst Review

General Hospital Supplies Devices Market Trends

• Increased incidences of communicable and chronic diseases coupled with the growing public awareness about hospital-acquired infections are driving the market growth

Market CAGR for general hospital supplies devices is being driven by the increased incidences of communicable and chronic diseases coupled with the growing public awareness about hospital-acquired infections. The burden of communicable (infectious) diseases continues to increase, emphasizing the need for hospital supplies for diagnostic purposes, particularly in the context of clinical diagnostic tests that provide accurate identification and characterization of microorganisms. According to World Health Organization (WHO) tuberculosis (TB) data updated in September 2021, an estimated 10 million cases of TB were reported globally in the previous year, affecting 1.1 million children, 3.3 million women, and 5.6 million men. TB prevalence spans across all nations and age groups.

In addition to TB, influenza is another infectious disease that poses a risk of severe illness or death, especially in high-risk patients. An article titled "The Number of Flu Cases Worldwide: A Perspective," published in February 2022, indicates that seasonal influenza is believed to impact nearly 1 billion individuals globally each year, with 3-5 million of those cases experiencing severe symptoms. Consequently, the rising incidence of such infectious diseases is expected to drive the demand for disposable hospital supplies, contributing to the overall demand for hospital supplies. As a result, it is anticipated that throughout the projection period, demand for the general hospital supplies devices market will increase due to the increased incidences of communicable and chronic diseases coupled with the growing public awareness about hospital-acquired infections. Thus, driving the General Hospital Supplies Devices Market revenue.

General Hospital Supplies Devices Market Segment Insights

General Hospital Supplies Devices Market Product Type Insights

The General Hospital Supplies Devices Market segmentation, based on Product Type includes Operating Room Equipment, Sterilization and Disinfectant Equipment, Syringes and Needles, Patient Examination Devices, Mobility Aids and Transportation Equipment, and Disposable Hospital Supplies. The sterilization and disinfectant equipment segment dominated the market, accounting for 58% of market revenue (25.8 Billion). Numerous organizations, both at the national level and through collaborations among multiple countries, are dedicated to advancing infection control practices to reduce healthcare-associated infections (HAIs) and enhance the quality of consumables and equipment. In India, the Hospital Infection Society actively raises awareness and addresses healthcare-associated infections across the country's hospitals. Additionally, in April 2022, the Infection Prevention and Control program, utilizing the ECHO (Extension for Community Healthcare Outcomes) model, was introduced in Maharashtra and West Bengal as partner states. The initiative focuses on enhancing the knowledge base for nurses and providing training to broaden their expertise, particularly in the realms of infection control and prevention.

Figure 1: General Hospital Supplies Devices Market, by Product Type, 2022 & 2032 (USD Billion)

Source: Secondary Research, Primary Research, MRFR Database and Analyst Review

General Hospital Supplies Devices Market Regional Insights

By region, the study provides market insights into North America, Europe, Asia-Pacific, and Rest of the World. The anticipated expansion of the General Hospital Supplies Devices market in North America can be attributed to several key factors. The surge in chronic diseases like cancer and cardiovascular diseases necessitates prolonged hospital stays and surgical interventions. According to the "Fast Facts on U.S. Hospitals, 2022" report by the American Hospital Association (AHA), community hospitals in the United States recorded 31,393,318 admissions in 2020. As the number of hospital admissions continues to rise, it is anticipated that the incidence of hospital-acquired infections will also increase, contributing to the future growth of the market.

Further, the major countries studied in the market report are the US, Canada, Germany, France, the UK, Italy, Spain, China, Japan, India, Australia, South Korea, and Brazil.

Figure 2: GENERAL HOSPITAL SUPPLIES DEVICES MARKET SHARE BY REGION 2022 (USD Billion)

Source: Secondary Research, Primary Research, MRFR Database and Analyst Review

Europe General Hospital Supplies Devices Market accounts for the second-largest market share as the growth of the market is driven by factors such as the increasing demand for chronic disease care, a rising geriatric population, and substantial investments in healthcare infrastructure. Notably, the per capita healthcare expenditure in European countries like Austria, Germany, Ireland, and Poland in 2021, as reported by the Organization for Economic Co-operation and Development in August 2022, ranged from USD 4807.59 to USD 5961.08. This high per capita healthcare expenditure is expected to result in an elevated adoption of healthcare services in European hospitals, fostering the adoption of hospital supplies and contributing to market growth. Further, the German General Hospital Supplies Devices Market held the largest market share, and the UK General Hospital Supplies Devices Market was the fastest-growing market in the European region

The Asia-Pacific General Hospital Supplies Devices Market is expected to grow at the fastest CAGR from 2023 to 2032. The Government of India has been consistently implementing initiatives to enhance the healthcare system, exemplified by the approval of the India Covid-19 Emergency Response and Health Systems Preparedness Package-Phase-II (ECRP-Phase-II) scheme in July 2021. This scheme, amounting to USD 3,100.6 million (INR 23,123 crores), was executed over 9 months from July 2021 to March 2022. It provided crucial financial support and essential materials such as PPEs, N95 masks, and ventilators to all States and Union Territories. The ongoing development of healthcare infrastructure and increasing government efforts to bolster healthcare facilities are driving the demand for hospital supplies. Moreover, China’s General Hospital Supplies Devices Market held the largest market share, and the Indian General Hospital Supplies Devices Market was the fastest-growing market in the Asia-Pacific region.

General Hospital Supplies Devices Market Key Market Players & Competitive Insights

Leading market players are investing heavily in research and development to expand their product lines, which will help the General Hospital Supplies Devices market, grow even more. Market participants are also undertaking a variety of strategic activities to expand their footprint, with important market developments including new product launches, contractual agreements, mergers and acquisitions, higher investments, and collaboration with other organizations. To expand and survive in a more competitive and rising market climate, the General Hospital Supplies Devices industry must offer cost-effective items.

Manufacturing locally to minimize operational costs is one of the key business tactics used by manufacturers in the General Hospital Supplies Devices industry to benefit clients and increase the market sector. In recent years, the General Hospital Supplies Devices industry has offered some of the most significant advantages to the healthcare sector. Major players in the General Hospital Supplies Devices Market, including Advanced Sterilization Products Services Inc., Becton Dickinson and Company, Cardinal Health, Inc., Kimberly-Clark Corporation, 3M Health Care, and B. Braun Melsungen AG are attempting to increase market demand by investing in research and development operations.

3M Health Care Ltd, a subsidiary of 3M United Kingdom PLC, specializes in the manufacturing and distribution of a diverse range of medical and surgical products, including skin health and infection prevention items, dental and orthodontic products, food safety solutions, health information systems, critical and chronic care products, auscultation and diagnostics products, medical device components, and patient monitoring systems. Serving various markets such as medical clinics, hospitals, pharmaceuticals, dental practitioners, and food manufacturing, 3M Health Care operates primarily in Europe. The company's headquarters are located in Bracknell, Berkshire, UK.

Becton Dickinson and Co (BD) is a prominent medical technology company engaged in the manufacture and sale of medical devices, reagents, and instruments. Its diverse product portfolio includes syringes, pen needles, intravenous catheters, infusion pumps, automated medication dispensing systems, pre-fillable drug delivery systems, respiratory ventilation, and diagnostic equipment, as well as products for safe specimen collection and transportation. BD serves a wide range of customers, including life science researchers, healthcare institutions, clinical laboratories, the pharmaceutical industry, and the general public. The company's presence extends to the Americas, Europe, the Middle East, Africa, and the Asia-Pacific region. BD, headquartered in New Jersey, USA, solidified its position as a leader in medical technology with its acquisition agreement with Frazier Healthcare Partners to acquire Parata Systems, an innovative provider of pharmacy automation solutions, in 2022.

Key companies in the General Hospital Supplies Devices Market include

• Advanced Sterilization Products Services Inc.


• Becton Dickinson and Company


• Cardinal Health, Inc.


• Kimberly-Clark Corporation


• 3M Health Care


• B. Braun Melsungen AG

General Hospital Supplies Devices Industry Developments

October 2022:In 2022, Medtronic plc introduced the NuVent™ Eustachian tube dilation balloon, approved by the U.S. Food and Drug Administration (FDA) for addressing chronic obstructive Eustachian Tube Dysfunction. Surgeons utilized the NuVent balloon to deliver treatment

September 2022:In 2022, Becton, Dickinson, and Company, a leading medical technology company, agreed with Frazier Healthcare Partners to acquire Parata Systems, an innovative provider of pharmacy automation solutions

General Hospital Supplies Devices Market Segmentation

General Hospital Supplies Devices Market Product Type Outlook

• Operating Room Equipment


• Sterilization and disinfectant Equipment


• Syringes and needles


• Patient Examination Devices


• Mobility Aids and Transportation Equipment


• Disposable Hospital Supplies

General Hospital Supplies Devices Market Regional Outlook

• North America
  
  
  
  • US
  
  
  • Canada
  
  
  
  


• Europe
  
  
  
  • Germany
  
  
  • France
  
  
  • UK
  
  
  • Italy
  
  
  • Spain
  
  
  • Rest of Europe
  
  
  
  


• Asia-Pacific
  
  
  
  • China
  
  
  • Japan
  
  
  • India
  
  
  • Australia
  
  
  • South Korea
  
  
  • Australia
  
  
  • Rest of Asia-Pacific
  
  
  
  


• Rest of the World
  
  
  
  • Middle East
  
  
  • Africa
  
  
  • Latin America