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

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

The United States Hospital Supplies Market is expected to register a CAGR of 11.2% during the forecast period.The major factors driving the growth of the market include increased incidences of communal diseases coupled with the growing public awareness about hospital-acquired infections are contributing to the overall growth of the hospital supplies market.

Furthermore, the growing prevalence of hospital-acquired infections is expected to drive market growth. According to the Centres for Disease Control and Prevention, in 2017, around 3,679 hospitals were reported with catheter-associated urinary tract infections in the United States. In addition, In the United States, the hospital admissions has been increasing. For instance, according to the American Hospital Association in 2018, there were over 36.3 million hospital admissions in the United States up from 36.1 million hospital admissions in 2016 and 35.8 million hospital admissions in 2015, respectively.Thus, it is expected to drive the growth of the United States hospital supplies market.

Key Market TrendsDisposable Hospital Supplies Segment is Expected to Hold the Major Share in the Market Studied

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.

According to a research article by Mainul Haque et al., published in Infection and Drug Resistance Journal 2018, the US Center for Disease Control and Prevention estimated that about 1.7 million hospitalized patients annually acquire health care-associated infections (HCAIs) and that more than 98,000 patients (one in 17) die due to health care-associated infections (HCAIs).

Thus, the continuous growth has been observed in the adoption of disposable devices, owing to the rising concern of safety and cleanliness against hospital-acquired infections, as well as to maintain the hygiene across hospitals which is expected to drive market growth.

Competitive Landscape

The United States hospital supplies Market is fragmented competitive. The major market players include Boston Scientific Corporation, B Braun Melsugen AG, 3M Healthcare, Cardinal Health Inc., and Medtronic PLC, among others. In addition, the market players are 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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