Hospital Equipment and Supplies Market

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Hospital Equipment and Supplies Market To Reach
USD 84.60 Billion By 2027
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Market Size USD 35.21 Billion in 2019, Market
Growth - CAGR of 12.3, Market Trends High
demand from developing nations.
Market Summary
The global Hospital Equipment and Supplies
market is forecast to reach USD 84.60 Billion by
2027, according to a new report by Reports and
Data. The market is witnessing a surge in demand
owing to the rising prevalence of lifestyle
diseases, and an increase in the number of
hospitals.

• Further key findings from the report suggest
• The public hospitals are growing at a higher CAGR
  of 12.8 owing to the initiatives taken by the
  government in developing nations to upscale the
  healthcare facilities. Government in Asia Pacific
  and MEA countries are focusing on proper medical
  supplies and equipment and enhancing the
  infrastructure of the public hospitals.
• The increase in the number of surgical
  operations, is driving the demand for the
  sterilization and disinfectant equipment. Strict
  legislative guidelines, such as the Affordable
  Care Act, have forced hospitals administrative to
  maintain clean facilities. The recent outbreak of
  COVID-19 has led organizations to understand the
  necessity for healthcare facility cleanliness and
  disinfection. The global spending on healthcare
  is rising steadily. It was USD 7.8 trillion in
  2017 or about 10 of GDP and USD 1,080 per capita.

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Market Summary
Key Players
Johnson Johnson, Baxter International,
Medtronic, Boston Scientific Corporation, GE
Healthcare, Smith Nephew, Stryker Corporation,
B Braun, Thermo Fisher Scientific, and Covidien,
among others.
Segmentation

• Product Outlook (Revenue, USD Billion 2017-2027)
• Disposable Hospital Supplies
• Mobility Aids and Transportation Equipment
• Operating Equipment
• Patient Examination Devices
• Sterilization and Disinfectant Equipment
• Syringes and Needles

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Market Summary
Expenditure Type Outlook (Revenue, USD Billion
2017-2027) Public Hospitals Private-Profit
Hospitals Private-Non Profit Hospitals Distributi
on Channel Outlook (Revenue, USD Billion
2017-2027) Pharmacies Retail Medical
Stores Online Retailers Regional Outlook for
Hospital Equipment and Supplies Market analyses
the following geographies North America (United
States, Canada, and Mexico) Europe (Germany,
France, UK, Russia, and Italy) Asia-Pacific
(China, Japan, Korea, India, and Southeast
Asia) South America (Brazil, Argentina, Colombia,
etc.) Middle East and Africa (Saudi Arabia, UAE,
Egypt, Nigeria, and South Africa)
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The report emphasizes the following key
questions
Q.1.What are the most lucrative and promising
growth prospects for the market? Q.2.Which
sectors are expected to deliver a high growth
rate and which industry aspects come into play in
this advancement? Q.3.Which geographies are
estimated to exhibit the highest growth and the
underlying causes? Q.4.Which factors are
impacting the future of the market and what are
the driving factors? Q.5.What are the hurdles
and challenges curtailing the industrys growth
in the forecast period?
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