US Hospital Supplies Market Share, Trends, Growth Drivers, Revenue, Challenges, Opportunities and Future Competition Till 2033

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US Hospital Supplies Market Share, Trends, Growth Drivers, Revenue, Challenges, Opportunities and Future Competition Till 2033: SPER Market Research


 Category : Healthcare

 Published: Oct-2024
 Author: SPER Analyst


United States Hospital Supplies Market is projected to be worth USD XX billion by 2033 and is anticipated to surge at a CAGR of 11.45%.

Hospital supplies are the many medical gadgets, instruments, and consumables used in healthcare facilities such as hospitals, clinics, and diagnostic centres. These items are essential for providing great patient care, supporting medical operations, and keeping a safe and sanitary environment. They include a diverse range of products such as surgical gloves, syringes, catheters, bandages, sterilisation equipment, patient beds, and diagnostic kits.

United States Hospital Supplies Market Driving Factors and Challenges

Driving Factors- The growing use of surgical procedures as a result of more hospital visits for various diagnostic and therapeutic purposes is one of the major factors propelling the growth of the hospital supplies market in the United States. Medical specialists advise hospitalisation in some situations, such as COPDs, in order to properly monitor patients. As part of the therapy process, a variety of medical items, including oxygen masks, syringes, and needles, are needed in these situations. The need for a variety of medical supplies is further fuelled by the fact that doctors sometimes advise surgery as a treatment and management strategy for a number of illnesses, including cancer, malignant tumours, disorders of the neurological system, joint fractures, and cardiovascular diseases.

Challenges- Product recalls are one of the main obstacles to the expansion of the US medical supplies market. Trials are conducted after medical supply development in order to obtain clearance for market commercialisation. Inappropriate treatment may result from technical mistakes, manufacturing flaws, or product design flaws. For example, Medtronic Inc. recalled its HawkOne Directional Atherectomy System in January 2022 because of the possibility of tip damage while in operation. This was classified as a Class I recall by the FDA. Similarly, in August 2021, Boston Scientific recalled the INGENIO Pacemaker and CRT-Ps due to the possibility of switching to safe mode. Additionally, the FDA classified this as a Class I recall. As a result, an increase in product recalls may impede the growth of the US health supplies market during the forecast period.


Impact of COVID-19 on United States Hospital Supplies Market
The COVID-19 pandemic has had a substantial influence on the hospital supply business. The demand for personal protective equipment (PPE), such as masks, gloves, and gowns, has surged to unprecedented levels. Healthcare facilities struggled to secure an adequate supply of vital hospital goods as a result of global supply chain disruptions. The pandemic underlined the importance of strong healthcare infrastructure and good infection control procedures, which boosted demand for hospital supplies.

United States Hospital Supplies Market Key Players:
The market study provides market data by competitive landscape, revenue analysis, market segments and detailed analysis of key market players such as, Cardinal Health Inc, Boston Scientific Corporation, B Braun SE, 3M, Thermo Fisher Scientific Inc, Baxter International Inc, Becton, Dickinson and Company, Medtronic PLC, Johnson & Johnson, GE Healthcare.


United States Hospital Supplies Market Segmentation:

By Product: Based on the Product, United States Hospital Supplies Market is segmented as; 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: Based on the End User, United States Hospital Supplies Market is segmented as; Hospitals, Ambulatory Surgical Centres, Clinics, Diagnostic Centres, Long Term Care Centres, Nursing Facilities.

By Region: This research also includes data for Midwest Region, Northeast Region, Southwest Region, and West Region.

This study also encompasses various drivers and restraining factors of this market for the forecast period. Various growth opportunities are also discussed in the report.

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