(PharmaNewsWire.Com, May 12, 2017 ) According to the report published by Market Data Forecast named “Asia-Pacific Hospital Supplies”, the market is estimated at $7.93 billion in 2016 and poised to grow $14.23 billion by 2021 with a CAGR of 12.40% in the forecast period.
Asia-Pacific Hospital Supplies Market are devices, medical equipment’s, medicines and other products that are necessary for proper functioning of a hospital. These supplies are needed on a regular basis in hospitals. Manufacturers are building innovative products with the help of new technologies to provide quality care of patients in hospitals.
In developing countries, demand of disposable supplies is quite high, followed by needle and syringe. The competition is cutthroat and companies are applying various techniques to optimize transport and delivery of supplies in order to meet demands. There is swift growth in the China hospital industry due to the stable advancement of health care reform and due to the constant increase in demand stimulus.
The report also presents detailed analysis of various drivers driving the Hospital Supplies market as well as constraints of the market that binds it. Some of those factors are
• Increasing number of new hospitals.
• Rise in aging population.
• Government investments in developing healthcare infrastructure.
• High incidence rate of inflammatory and communal diseases.
For granular understanding Hospital Supplies Market is segmented by product type. Each sub segment is accompanied with Market Size Estimations and Y-o-Y Forecasts as well.
The Asia-Pacific Hospital Supplies Market is segmented on the basis of product type into Operating Room Equipment, Sterilization & Disinfectant Equipment, Syringes & Needles, Patient Examination Devices, Mobility Aids & Transportation Equipment, and Disposable Hospital Supplies. Disposable hospital supplies lead the market with a market share of 46% followed by syringes and needle segment with a market share of 23%.
The Asia-Pacific region is geographically segmented into China, India, Japan, South Korea, and Australia. The Asia-Pacific region is projected to grow at the highest CAGR during the forecast period due to the unprecedented rate of population growth in this region.
The major companies dominating the market in this region are Advanced Sterilization Products Services Inc., Dickinson and Company, Cardinal Health, Inc., Kimberly-Clark Corporation, Becton, 3M Health Care, and B. Braun Melsungen AG.
The Asia-Pacific Hospital Supplies Market report offers wide-range of scope:
• Regional and country-level analysis that provides an individual perspective of Asia-Pacific region and the aforementioned countries
• Know more about key areas of industry growth via detailed Segment-level analysis on basis of product type along with market size forecasts and y-o-y estimations
• Detailed explanation of major drivers, restraints, opportunities, and challenges (DROC) that affect the market and impact the ever-shifting market dynamics
• Strategic Analyses containing PESTLE and Porter’s Five Forces Analyses which are obtained by studying the macro & micro environmental factors that affect the market demographics
• Comprehensive listing of key market players along with Company overview, product portfolios, financials (subjected to availability), SWOT analysis and analyst overview
• Competitive landscape analysis listing out the mergers, acquisitions, collaborations in the field along with new product launches, comparative financial studies and recent developments in the market by the major companies
• Market Outlook - Investment opportunities devised by stand in experts to provide both individuals and organizations a strong financial foothold in the market.
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