United Kingdom Hospital Supplies Market - Growth, Trends, COVID-19 Impact, And Forecasts (2022 - 2027)

United Kingdom Hospital Supplies Market - Growth, Trends, COVID-19 Impact, And Forecasts (2022 - 2027)

The United Kingdom Hospital Supplies Market is poised to grow at a CAGR of 5.6% in the forecast period (2022-2027).

The impact of COVID-19 on the United Kingdom hospital supplies market is positive because it has increased the demand for hospital supplies products across the country in the prevention of COVID-19, which led to the rapid rise of hospital supplies products. The rising demand for hospital supplies during the COVID-19 encouraged many players to increase their manufacturing facilities and rate of production. In May 2021, the United Kingdom government announced that it will be sending additional 1,000 ventilators from the UK's surplus supply to Indian hospitals. Moreover, the rising cases of coronavirus necessitates an increase in protective equipment and medical supplies products, that may impact the studied market positively.

The hospital supplies market is increasing at a substantial rate due to the upsurge in the number of hospitals, rapidly increasing aging population, and the increasing awareness about hospital-acquired infections. For instance, as per Centre for Ageing Better, the United Kingdom has an ageing population and it's predicted that by 2042, one in four people in England will be aged 65 or over. The elderly population is expected to grow in the coming years in the UK, and this population is more prone to chronic diseases. In addition, the fact that the geriatric population is more susceptible to acute and chronic diseases indicates that this population is highly responsible for high hospital admission rates, thus pushing the demand in this market.

The rising prevalence of chronic diseases is also a major factor driving the market growth. For instance, as per the July 2021 report of the British Heart Foundation, there were about 7.6 million people in the United Kingdom were living with heart and circulatory diseases, of which 4 million people were male, and 3.6 million were female. Also, the rising diabetic population of the country will have a positive outlook on the market. As per the report of the Diabetes UK, published in February 2020, about, 3.9 million people in the United Kingdom were living with diagnosed diabetes in 2019, with 3.3 million people in the England region, and 90% of these people had type 2 diabetes. Thus, these factors are expected to rise the demand for hospital supplies, thereby boosting the market growth in the coming years.

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 by all hospital professionals in any domain, from cleaning to surgical theaters, as well as administrative departments, in some cases.

The country has a strong healthcare system, in terms of infrastructure, hospital beds, hospital supplies, and equipment, etc., which may contribute to the growth of overall market. Furthermore, the rising number of surgical procedures and road accidents in the country is further boosting the market growth. In the United Kingdom, road traffic has increased significantly in recent years, leading to an increased number of road accidents and fatalities, which are further expected to drive demand for hospital supplies due to an increase in the number of people severely injured. For instance, according to the June 2021 report published by the United Kingdom government, 115,333 casualties of all severities were reported in 2020, of which 22,014 were seriously injured and 91,847 were slightly injured casualties. Therefore, owing to the abovementioned factors, the studied market is expected to grow during the forecast period in the United kingdom.

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 country.

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• The market estimate (ME) sheet in Excel format
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