Pune, India, February 15, 2022 (GLOBE NEWSWIRE) — According to MarketStudyReport, worldwide hospital consumables marketvalued at USD 308.6 billion in 2020, is expected to post a year-over-year growth rate of 10.89% CAGR over 2021-2027 and reach USD 636.3 billion by the end of the forecast
The document places strong emphasis on the growth drivers, restraints, opportunities, and associated risks governing the dynamics of the industry. It also identifies the best prospects for revenue generation in the various submarkets. Going a step further, the research literature hosts a competitive analysis section that helps companies and other industry players examine their skills and formulate courses of action that promise strong returns whether it is are mergers, acquisitions, research and development activities and product launches.
The growing burden of chronic disease is a major growth catalyst for the industry. Additionally, the World Bank in 2020 claimed that each year around the world, approximately 15 million people die before reaching the age of 70 due to diseases such as diabetes, obesity, and cancer.
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The increase in the aging population along with the large government investments in the healthcare sector are further expected to bolster the growth of the industry in the coming years. On the contrary, a delay in the supply of medical consumables can have a negative impact on the overall remuneration.
Overview of geographic scope:
The major regions contributing to the value of the global hospital consumables industry are Asia-Pacific, Europe, Latin America and North America. Among these, Asia-Pacific captures a large share of the market share, owing to the presence of an expanding geriatric population, widespread accessibility and affordability of hospital consumables, and the presence well-established healthcare infrastructure in the region.
The North America market is expected to exhibit an upward growth curve over the analysis period, attributable to factors such as increasing per capita income, increasing prevalence of chronic diseases and improving of the health sector.
Summary of Competitive Landscape:
AG & Co. KGaA, Fresenius Medical Care AG & Co. KGaA, Baxter International Inc., 3M Company, Cardinal Health Inc., Smith & Nephew plc, Owens & Minor Inc., Terumo Medical Corp., B. Braun Melsungen AG, Medline Industries LP and McKesson Medical-Surgical Inc are the key players fueling global hospital consumables market trends.
The growing emphasis on innovations and investments among public and private organizations is expected to increase the level of competition in this field of business during the forecast period. Additionally, collaboration and product marketing strategies are expected to generate strong profits in the years to come.
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Global Hospital Consumables Market Product Landscape (Revenue, USD Billion, 2018-2027)
- IV sets
- Disposable medical gloves
- Disposable syringes
- Gauze and Tapes
Geographical Bifurcation of Global Hospital Consumables Market (Revenue, USD Billion, 2018-2027)
- The rest of Europe
- South Korea
- Rest of APAC
Rest of the world
Competitive Scorecard of Global Hospital Consumables Market (Revenue, USD Billion, 2018-2027)
- AG & Co. KGaA
- Fresenius Medical Care AG & Co. KGaA
- Baxter International Inc.
- 3M Company
- Cardinal Health Inc.
- Smith & Nephew plc
- Owens & Minor Inc.
- Terumo Medical Corp.
- B. Braun Melsungen AG
- Medline Industries LP
- McKesson Medical-Surgical Inc.
Chapter 1. Executive Summary
1.1. Market overview
1.2. Global and Segmental Market Estimates and Forecasts, 2019-2027 (USD Billion)
1.2.1. Global hospital consumables market, by region, 2019-2027 (USD billion)
1.2.2. Global hospital consumables market, by product, 2019-2027 (USD billion)
1.3. Key trends
1.4. Estimation methodology
1.5. Research hypothesis
Chapter 2. Definition and Scope of the Global Hospital Consumables Market
2.1. Goal of the study
2.2. Market definition and scope
2.2.1. Scope of the study
2.2.2. Industry evolution
2.3. Years Considered for Study
2.4. Currency conversion rate
Chapter 3. Global Hospital Consumables Market Dynamics
3.1. Hospital Consumables Market Impact Analysis (2019-2027)
3.1.1. Market factors
18.104.22.168. Increase in cases of chronic diseases
22.214.171.124. Increase in the geriatric population
3.1.2. Market challenges
126.96.36.199. Delay in supplying the market with medical consumables
3.1.3. Market opportunities
188.8.131.52. Increase public investment in the health sector
Chapter 4. Global Hospital Consumables Market Analysis
4.1. Porter’s 5-force model
4.1.1. Bargaining power of suppliers
4.1.2. The bargaining power of buyers
4.1.3. The threat of new entrants
4.1.4. The threat of substitutes
4.1.5. Competitive Rivalry
4.1.6. Futuristic approach to Porter’s 5 forces model (2018-2027)
4.2. PEST analysis
4.3. Investment Adoption Model
4.4. Analyst recommendation and conclusion
4.5. Best investment opportunity
4.6. The best winning strategies
Chapter 5. Risk assessment: impact of COVID-19
5.1.1. Assessment of the overall impact of COVID-19 on the industry
5.1.2. Pre-COVID-19 and post-COVID-19 market scenario
Chapter 6. Global Hospital Consumables Market, By Product
6.1. Market overview
6.2. Global Hospital Consumables Market by Product, Performance – Potential Analysis
6.3. Global Hospital Consumables Market estimates and forecast by product, 2018-2027 (USD Billion)
6.4. Hospital Consumables Market, Sub-Segment Analysis
6.4.1. Disposable medical gloves
6.4.2. IV sets
6.4.3. Medical gauze and tapes
6.4.4. Disposable syringes
Chapter 7. Global Hospital Consumables Market, Regional Analysis
Emergency Medical Supplies Market Size, Industry Analysis Report, Regional Outlook, Application Potential, Price Trends, Competitive Market Share and Forecast, 2020-2026
the emergency medical supplies market is expected to see immense growth due to the outbreak of the COVID-19 pandemic, an aging population and an increase in the number of cases related to chronic respiratory disorders. Emergency medical supplies play a key role in filling the equipment gaps usually encountered in the field of strategic emergency services. Due to the coronavirus outbreak, the demand for medical supplies has increased exponentially. With the rise in COVID-19 cases around the world, infection control products are seeing an exponential increase in demand. In a regional frame of reference, the Latin America emergency medical supplies market accounted for a revenue share of more than 5.6% in 2019 due to the increase in COVID-19 infection cases in the region. region. The health awareness initiatives taken by the government to promote awareness and increase in healthcare expenditure will further lead to the expansion of the market.
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