The Hospital Supplies Market in US is being driven by Increasing adoption of surgical procedures
The Hospital Supplies Market in US is expected to grow at a CAGR of 9.4% during 2023 and 2028. During this period, the market is also expected to show a growth of USD 8.22 billion. In the aging population, particularly women post-menopause, the natural production of calcium for bone health decreases, leading to increased bone fragility and susceptibility to fractures and dislocations. This process is characterized by a loss of bone density, diminished foot arch pronation, and height loss, as well as cartilage degeneration in hip and knee joints. Consequently, the market for hospital supplies catering to geriatric care and orthopedic treatments experiences significant growth in the US.
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Which Factors Are Causing a Surge in Market Growth?
The market is segmented based on Product (Consumables, Devices) End-user (Hospitals, Clinics, Others) Geography (North America).
According to Technavio, There are several factors that are causing the market to flourish during the forecast period, which are as follows:
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Key Features in Hospital Supplies Market in US Research Report
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The Hospital Supplies Market in the US encompasses a wide range of products and services essential for healthcare facilities, including medical devices, healthcare equipment, and disposable products. These supplies cater to various healthcare needs, from infectious diseases like hospital-acquired infections and healthcare-associated infections (HAIs), to chronic diseases and surgical procedures. Medical device manufacturers produce innovative solutions like AI-based medical imaging devices for lung cancer diagnosis, such as the Sonosite PX ultrasound. Additionally, the market includes sterile medical devices, wound care products, dialysis products, sterilization consumables, infusion products, hypodermic products, radiology products, healthcare services, and infection control measures. The industry also addresses nosocomial infections, healthcare projects, and infection control measures, while accommodating disease research and medical tourism.
The hospital supplies market in the US is a significant segment of the global healthcare supplies industry, encompassing companies and innovations in hospital-acquired infections solutions, infectious diseases management, healthcare equipment, and medical imaging devices. According to Technavio, the global healthcare supplies market size is determined by the consolidated revenue of manufacturers producing medical consumables, including syringes, drapes, gloves, and gowns. Key growth drivers for this market include the increasing prevalence of chronic diseases and an aging population. By 2050, nearly one-quarter of the US population, and by 2030 in Europe, is projected to be over 60 years old. This demographic shift will escalate the demand for advanced hospital supplies, such as AI-based solutions for lung cancer diagnosis, Sonosite PX ultrasound systems, and Spectral Computed Tomography devices.. Industries are leveraging the products belonging to the market for customer engagement, transactional notifications, and promotional offers.
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