| Source: Market Study Report
Pune, INDIA
Pune, India, Feb. 15, 2022 (GLOBE NEWSWIRE) — According to MarketStudyReport, worldwide hospital consumable market, valued at USD 308.6 billion in 2020, is projected to showcase 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 timeframe
The document lays strong emphasis on growth drivers, constraints, opportunities and associated risks governing the industry dynamics. It also identifies the top revenue-generation prospects in the various sub-markets. Proceeding further, the research literature hosts a competitive analysis section that assists businesses and other industry partakers to review their competencies and formulate action plans that promise strong returns, whether it be mergers, acquisitions, research & development activities, and product launches.
Rising burden of chronic diseases is a major growth catalyst for the industry. Moreover, the World Bank in 2020 claimed that globally every year approximately 15 million individuals die before reaching the age of 70 due to ailments such as diabetes and obesity, and cancer.
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Increasing aging population along with hefty government investments in healthcare sector are further anticipated to enhance the industry growth in the forthcoming years. On the contrary, delayed supply of medical consumable products may negatively impact the overall remuneration.
Geographical scope overview:
Major regions contributing to global hospital consumables industry value are Asia Pacific, Europe, Latin America, and North America. Among these, Asia Pacific captures a huge portion of the market share, due to presence of expanding geriatric population, widespread accessibility and affordability to hospital consumables, and presence of well-established healthcare infrastructure in the region.
North America market is set to showcase an upward growth curve over the analysis period, creditable to factors such as rising per capita income, increasing prevalence of chronic disorders, and improving healthcare sector.
Competitive landscape summary:
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 A.G., Medline Industries LP, and McKesson Medical-Surgical Inc are the major players powering global hospital consumables market trends.
Rising emphasis on innovations and investments among public and private organizations are anticipated to the increase the competition level in this business sphere over the forecast period. Besides, collaboration and product commercialization strategies are slated to turn in strong profits in the upcoming years.
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https://www.marketstudyreport.com/reports/global-hospital-consumables-market-size-research
Global Hospital Consumables Market Product landscape (Revenue, USD Billion, 2018-2027)
Global Hospital Consumables Market Geographical Bifurcation (Revenue, USD Billion, 2018-2027)
North America
Europe
Asia Pacific
Latin America
Rest of the World
Global Hospital Consumables Market Competitive Dashboard (Revenue, USD Billion, 2018-2027)
Table of Content:
Chapter 1. Executive Summary
1.1. Market Snapshot
1.2. Global & Segmental Market Estimates & 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 Products, 2019-2027 (USD Billion))
1.3. Key Trends
1.4. Estimation Methodology
1.5. Research Assumption
Chapter 2. Global Hospital Consumables Market Definition and Scope
2.1. Objective of the Study
2.2. Market Definition & Scope
2.2.1. Scope of the Study
2.2.2. Industry Evolution
2.3. Years Considered for the Study
2.4. Currency Conversion Rates
Chapter 3. Global Hospital Consumables Market Dynamics
3.1. Hospital Consumables Market Impact Analysis (2019-2027)
3.1.1. Market Drivers
3.1.1.1. Increasing cases of chronic diseases
3.1.1.2. Increasing geriatric population
3.1.2. Market Challenges
3.1.2.1. Delayed market supply of medical consumable products
3.1.3. Market Opportunities
3.1.3.1. Increasing government investment in healthcare sector
Chapter 4. Global Hospital Consumables Market Industry Analysis
4.1. Porter’s 5 Force Model
4.1.1. Bargaining Power of Suppliers
4.1.2. Bargaining Power of Buyers
4.1.3. Threat of New Entrants
4.1.4. Threat of Substitutes
4.1.5. Competitive Rivalry
4.1.6. Futuristic Approach to Porter’s 5 Force Model (2018-2027)
4.2. PEST Analysis
4.3. Investment Adoption Model
4.4. Analyst Recommendation & Conclusion
4.5. Top investment opportunity
4.6. Top winning strategies
Chapter 5. Risk Assessment: COVID-19 Impact
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 Snapshot
6.2. Global Hospital Consumables Market by Product, Performance – Potential Analysis
6.3. Global Hospital Consumables Market Estimates & Forecasts by Product, 2018-2027 (USD Billion)
6.4. Hospital Consumables Market, Sub Segment Analysis
6.4.1. Disposable Medical Gloves
6.4.2. IV Kits
6.4.3. Medical Gauze & Tapes
6.4.4. Disposable Syringes
6.4.5. Others
Chapter 7. Global Hospital Consumables Market, Regional Analysis
Related Report:
Emergency Medical Supplies Market Size, Industry Analysis Report, Regional Outlook, Application Potential, Price Trends, Competitive Market Share & Forecast, 2020 – 2026
The emergency medical supplies market is anticipated to foresee immense growth owing to the outbreak of COVID-19 pandemic, growing aging population, and rising number of cases related to chronic respiratory disorders. Emergency medical supplies play a key role to fill the equipment gaps usually encountered in the field of strategic emergency services. Due to the coronavirus outbreak there has been an exponential rise in the demand for medical supplies. With the rise of COVID-19 cases across the world, infection control products are witnessing an exponential increase in demand. From a regional frame of reference, Latin America emergency medical supplies market accounted for a revenue share of over 5.6% in 2019 owing to the increasing cases of COVID-19 infection in the region. Health awareness initiatives by government in order to promote awareness and increasing healthcare expenditure will further lead to market expansion.
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