Germany Hospital Supplies Market-Growth, Trends, and Forecasts (2022 - 2027)

Germany Hospital Supplies Market-Growth, Trends, and Forecasts (2022 - 2027)

The Germany hospital supplies market is estimated to expand at a CAGR of around 5.5 % over the forecast period. The factors, such as increased incidences of communal diseases coupled with the growing public awareness about hospital-acquired infections are contributing to the overall growth of the Germany hospital supplies market.

The high incidence rate of inflammatory and communal diseases such as pneumococcal disease and sexually transmitted diseases is increasing in the Germany. For instance, as per the Institute for Health Metrics and Evaluation, 14.94 million german population were suffering from HIV/AIDS and sexually transmitted diseases in the year 2019.

In addition, rising aging population has resulted in an increased demand for hospital equipment & supplies, thereby contributing to the growth of Germany hospital supplies market. A growing healthcare infrastructure and rising government initiatives to enhance and expand health care facilities are augmenting the demand for hospital supplies, which is expected to boost the market in the region.

Key Market TrendsDisposable Hospital Supplies Holds the Major Share in the Market Studied

• The disposable hospital supplies segment, followed by the syringes and needles segment, contributes the largest share to the overall market.
• The disposable hospital supplies are one-time use products, such as consumables, medical apparatus, and disposable devices, which are consumed in large figures across all hospitals. These products, such as suction catheters, bandages and wraps, exam gowns, surgical sponges, face masks, hypodermic needles, gloves, and needles, are in continuous use to all hospital professionals in any domain, from cleaning to surgical theaters, as well as administrative departments, in some cases.
• Furthermore, the rising prevalence of hospital-acquired infections is expected to boost demand. According to the data by Institute for Health Metrics and Evaluation, in 2019, almost 7.58 million of the German population were suffering from Tuberculosis. This propels the need for usage of disposable exam gowns, gloves, face masks, etc.
• Thus, the continuous growth has been observed in the adoption of these devices, owing to the rising concern of safety and cleanliness against hospital-acquired infections, as well as to maintain the hygiene across hospitals.

Competitive Landscape

The major market players include Boston Scientific Corporation, B Braun Melsugen AG, 3M Healthcare, Cardinal Health Inc., and Medtronic PLC, among others. The increasing innovation and rise in investment for various public and private organizations are expected to intensify the industry rivalry across the region. They are also collaborating with other players, to develop and promote their product, and thus, gain recognition in the market.

Additional Benefits:

• The market estimate (ME) sheet in Excel format
• 3 months of analyst support

Companies Mentioned

IBM Corporation
Oracle Corporation
Internap Corporation
Packet Inc. (An Equinix Inc. Company)
Scaleway Inc.
Amazon Web Services Inc
Rackspace Inc.
CenturyLink, Inc.
LightEdge Solutions, Inc

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