The Business Research Company’s latest report Hospital Supplies Global Market Report 2020 covers Hospital Supplies market drivers, Hospital Supplies market trends, Hospital Supplies market segments, Hospital Supplies market growth rate, Hospital Supplies market major players, and Hospital Supplies market size. The report provides in-depth analysis of the impact of COVID-19 on the Hospital Supplies industry, along with revised market numbers due to the effects of the coronavirus.
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Hospital Supplies Global Market Report 2020 is the most comprehensive report available on this market and will help gain a truly global perspective as it covers 60 geographies. The chapter on the impact of COVID-19 gives valuable insights on supply chain disruptions, logistical challenges, and other economic implications of the virus on the market. The chapter also covers markets which have been positively affected by the pandemic.
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The global hospital supplies market is expected to grow from $32.9 billion in 2019 to $44.7 billion in 2020 at a compound annual growth rate (CAGR) of 36.1%. The growth is mainly due to the COVID-19 outbreak and the surge in demand for hospitals supplies including personal protective equipment, surgical supplies, sterilization equipment, disinfectants and hospital beds, among others. With the increasing number of cases, hospitals are flooded with COVID-19 positive patients. In order to meet demand and address the supply shortage concerns, most of the hospitals have also suspended the non-urgent medical procedures. The market is then expected to recover and grow at a CAGR of 5% from 2021 and reach $50.1 billion in 2023.
The report covers the Hospital Supplies market’s segments-
1) By Type: Disposable Hospital Supplies, Sterilization Equipment And Disinfectants, Mobility Aids And Transportation Equipment, Operating Room Equipment.
2) By End User: Hospitals And Clinics, Diagnostic Laboratories, Others.
3) By Type Of Expenditure: Public, Private.
4) By Product: Instruments/Equipment, Disposables.
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