Hospital equipment and supplies market by reports and data

1. Hospital Equipment and Supplies Market To Reach USD 84.60 Billion By 2027 www.reportsanddata.com

2. Market Summary The global Hospital Equipment and Supplies market is forecast to reach USD 84.60 Billion by 2027, according to a new report by Reports and Data. The market is witnessing a surge in demand owing to the rising prevalence of lifestyle diseases, and an increase in the number of hospitals. Moreover, the rising trend of telemedicine and growing awareness for better healthcare is fostering the market's demand. However, the burgeoning prevalence of home care services are hampering the market's demand. Rapid urbanization has changed the lifestyle of the people and, in turn, has increased the prevalence of lifestyle diseases, thus, augmenting the demand for the market product. The advent of the concept of personalized medicines and other available diagnostics options in the market are restraining the demand for hospital equipment and supplies. In addition, the decline in private health insurance and stringent regulations by the government are hindering the growth of the market. www.reportsanddata.com Read More: https://www.reportsanddata.com/report-detail/hospital-equipment-and-supplies- market

3. Market Summary Further key findings from the report suggest • North America dominated the market for hospital equipment and supplies. The consistent focus of the region on cost-effective and innovative procedures adopted in the region are driving the market. According to the Centre for Disease Control and Prevention (CDC), in 2017, durable medical equipment in the U.S. was USD 54.4 billion, structures and equipment were USD 116.9 billion, while government administration (which included medical supplies among other things) was USD 45 billion. • In Singapore, there were 10,340 acute hospitals in 2017, 10,826 in 2018 and 11,321 in 2019. The country is consistently investing in healthcare to enhance its medical facilities to offer world class treatment. The country dazzled as the world leader in medical manufacturing in 2018. • Key participants include Johnson & Johnson, Baxter International, Medtronic, Boston Scientific Corporation, GE Healthcare, Smith & Nephew, Stryker Corporation, B Braun, Thermo Fisher Scientific, and Covidien, among others. www.reportsanddata.com

4. Market Summary For the purpose of this report, Reports and Data have segmented into the global Hospital Equipment and Supplies market on the basis of product, expenditure type, distribution channel, and region: • Expenditure Type Outlook (Revenue, USD Billion; 2017-2027) Public Hospitals Private-Profit Hospitals Private-Non Profit Hospitals • • • • Distribution Channel Outlook (Revenue, USD Billion; 2017-2027) Pharmacies Retail Medical Stores Online Retailers • • • • www.reportsanddata.com

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