Outbreak of Covid-19 is Massively Pushing Growth of Hospital Supplies Market

Industry Insights

As the global pandemic of Covid-19 or Coronavirus grows, the stress on the healthcare systems across the world will also witness a considerable rise. Several prominent nations are facing massive demands for basic medical and healthcare supplies due to growing patient numbers. In such situation, the global market for hospital supplies is expected to witness a highly promising rate of growth. Even prior to this pandemic, the global market was on course to a sizeable market revenue due to the developments and advancements in the healthcare sector across the globe.

Hospital supplies typically include sterilization and disinfectant equipment, mobility and transition aid equipment, needles, syringes, operation room equipment, surgical equipment, patient examination devices, and other medical devices. There are other key supplies such as dental equipment, diagnostic equipment, endoscopes, and medical lasers among others.

Sterilization and Disinfectant Equipment Is Witnessing More Demand

Among these mentioned hospital supplies, the segment of sterilization and disinfectant equipment is currently witnessing a massive surge due to the spread of the covid-19 pandemic. Hospitals and clinics are at the maximum risk and need to be sterilized on a regular basis, even multiple times a day. In addition to this, proper sterilized equipment, disposable medical supplies such as needles and syringes are needed for treating Covid-19 patients. Thus, the segment is currently witnessing huge demands.

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People across the globe are now more aware about hospital acquired infection and the preventive measures taken to control the same. In addition to this, there has been a growing demand for PPE devices in order to tackle the virus. All these factors are expected to help in driving the growth of the global hospital supplies market.

North America is currently the biggest regional segment of the global market and will continue to lead in the near future. However, with fast paced development of the healthcare infrastructure in emerging economies in India and China, the regional segment of Asia Pacific is projected to witness the fastest rate of development in the near future.

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