Key Market Segments Covered in Hospital Supplies Industry Research The Global Hospital Supplies Industry is poised for sustained expansion in the coming decade, driven by the ever-growing demand for quality healthcare services. According to a new report by Future Market Insights (FMI), the market is expected to register a Compound Annual Growth Rate (CAGR) of 3.7% over the forecast period from 2022 to 2032. This growth trajectory is projected to propel sales in the hospital supplies market to a valuation of US$42.3 Billion by 2032, up from US$29.5 Billion in 2022. Findings from this comprehensive study reveal that hospitals maintained a substantial market share of 47.2% in 2021 within the global hospital supplies industry, emphasizing the pivotal role of healthcare facilities in shaping this thriving market. Healthcare-associated infections are a significant concern, affecting approximately 15% of all hospitalized patients, as reported by the World Health Organization (WHO). The rising prevalence of hospital-acquired infections leads to extended hospital stays, increased disability, and an augmented economic burden for patients and healthcare providers. Request a Sample Copy of the Report Now. https://www.futuremarketinsights.com/reports/sample/rep-gb-14679 The development of the hospital supplies industry is reliant on the increasing adoption of sterile products, growing incidence of hospital-acquired infections and rising awareness about safe health and hygiene practices in developing countries. “Rising awareness regarding medical sterilization and hygiene in developing nations, along with technological advancements in hospital supplies will auger well for the growth in the market,” says an FMI analyst. Global Hospital Supplies Industry Key Takeaways: Based on product type, the hypodermic and radiology products segment accounted for 17.6% of the total market in 2021, and demand is expected to increase at a 3.6% CAGR through 2032. In terms of end-users, hospitals are expected to register a CAGR of 3.9% in the forthcoming years. The U.S. is anticipated to dominate the North American hospital supplies market over the forecast period, accounting for a lion’s share. Sales in the German hospital supplies industry are slated to increase at a 3.5% CAGR over the assessment period. Demand in the China hospital supplies market will grow at a 4.1% CAGR in the forthcoming years. India will emerge as a lucrative pocket, with demand growing at a 4% CAGR through 2032. Global Hospital Supplies Industry Competition Landscape The key players in the hospital supplies industry are focusing on tapping market potential by entering into strategic mergers & acquisitions agreements. They are also improving their product portfolios to gain a competitive edge in the market. For instance: In March 2021, Cardinal Health entered into a partnership with FourKites to improve the tracking of medical supplies and equipment along with pharmaceutical products, first aid supplies and personal protective equipment (PPE) kits in hospitals, pharmacies and other healthcare settings across the globe. In December 2020, 3M launched its next generation of silicon adhesive tapes, the 2480 3M Single-coated medical nonwoven tape with silicon adhesive liner. It offers more and secure adhesion, avoids trauma to patient skin and aids a longer wear time. Hence, rising incidents of hazardous situations and chronic disease prevalence will propel market growth in future. Access Exclusive Market Insights – Purchase Now! https://www.futuremarketinsights.com/checkout/14679 Key Segments Covered in Global Hospital Supplies Industry Research By Product: Sterilization Consumables Wound Care Products Dialysis Products Infusion Products Hypodermic & Radiology Products Intubation & Respiratory Supplies Surgical Procedure Kits & Trays Blood Management & Diagnostic Supplies General Disposable Products By End User: Hospitals Ambulatory Surgical Centres Clinics Diagnostic Centres Long Term Care Centres Nursing Facilities