The Indian market for hospital supplies is primarily driven by factors such as the rising burden of chronic diseases and the growing demand for hospital supplies in the country. The demand for hospital supplies is on the rise in developing countries such as India. Steady growth in terms of initiatives taken by the Government of India to improve healthcare system is also observed. The country is witnessing a gradual increase in its hospital bed density figures when compared to the major countries, present globally. However, India faces an unmet need for hospital supplies, like sterilization and disinfectant equipment and patient examination devices, which restricts the growth of this market.
A growing healthcare infrastructure and rising government initiatives to enhance and expand health care facilities are augmenting the demand for hospital supplies, which is expected to boost the market in India.
Key Market Trends
Disposable Hospital Supplies are Expected to Dominate the Market Over the Forecast Period
The disposable hospital supplies segment is believed to dominate the overall market due to its rising demand and significance in the hospitals. The disposable hospital supplies are one-time use products, such as consumables, medical apparatus, and disposable devices, which are consumed in large figures across all hospitals. These products, such as suction catheters, bandages and wraps, exam gowns, surgical sponges, face masks, hypodermic needles, gloves, and others, are in continuous use to all hospital professionals in any domain from the cleaning to the surgical theaters, as well as administrative departments in some cases. Thus, the continuous growth has been observed in the adoption of these devices, owing to the growing number of hospitalization rates, rising concern of safety and cleanliness against hospital-acquired infections, as well as to maintain hygiene across the hospitals.
The market for hospital supplies in India is moderately competitive with the presence of both global, as well as local players. The major market players include Baxter, B. Braun Melsugen AG, 3M, Cardinal Health, and Medtronic, etc.
Reasons to Purchase this report:
- The market estimate (ME) sheet in Excel format
- 3 months of analyst support