Hospital Supplies Market Share, Size, Trends, Industry Analysis Report, By Application (Urology, Wound Care, Radiology, Oncology, Respiratory, Infection Control, Cardiology, IVD, Others); By Type; By End-Use; By Region; Segment Forecast, 2022 - 2030
The global hospital supplies market size is expected to reach USD 183.67 billion by 2030, according to a new study by Polaris Market Research. The report “Hospital Supplies Market Share, Size, Trends, Industry Analysis Report, By Application (Urology, Wound Care, Radiology, Oncology, Respiratory, Infection Control, Cardiology, IVD, Others); By Type; By End-Use; By Region; Segment Forecast, 2022 – 2030” gives a detailed insight into current market dynamics and provides an analysis of future market growth.
The rising investment from the major players for needle-free injections and the adoption of laser technology in the market are driving market growth over the forecast period. As an alternative to conventional injections for quicker drug, hormone, insulin, and vaccine delivery, injection producers are making significant investments in painless injections and needle-free technology.
Microneedle patches and laser-based devices are two types of painless injections that can be used to administer medication to a patient. Microneedle patches are tiny skin patches with plastic needles that disintegrate quickly and deliver immunizations painlessly as a stream of liquid under pressure. For instance, in December 2019, Adamas Finance Asia declared intentions to invest $5 million in technologies for injections without needles.
In addition to increasing death and morbidity rates, the rise in nosocomial pathogens has indeed increased the cost of healthcare through lengthening hospital stays. As a result, organizations like the CDC and WHO are working extremely hard to come up with policies and carry out rigorous studies to reduce the frequency of infections contracted in hospitals.
Hospital Supplies Market Report Highlights
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