Market Size of China Hospital Supplies Industry
| Study Period | 2019 - 2029 |
| Base Year For Estimation | 2023 |
| Forecast Data Period | 2024 - 2029 |
| Historical Data Period | 2019 - 2022 |
| CAGR | 11.10 % |
Major Players
*Disclaimer: Major Players sorted in no particular order |
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China Hospital Supplies Market Analysis
The China hospital supplies market is increasing due to the factors, such as increased incidences of communal diseases coupled with the growing public awareness about hospital-acquired infections are contributing to the overall growth of the hospital supplies market in China. With the increasing COVID-19 situation, the demand for hospital supplies has increased as the hospitalizations have also increased drastically.
In addition, the growing healthcare infrastructure and rising government initiatives to enhance and expand health care facilities are augmenting the demand for China hospital supplies, which is expected to boost the market.
China Hospital Supplies Industry Segmentation
As per the scope of the report, hospital supplies include every medical utility product that serves both the patient and medical professional with hospital infrastructure and enhance the network and transportation between hospitals. These include hospital equipment, patient aid, mobility equipment, and sterilization disposable hospital supplies.
China Hospital Supplies Market Size Summary
The China medical supplies market is experiencing significant growth, driven by the rising incidence of communal diseases and heightened public awareness of hospital-acquired infections. The ongoing COVID-19 pandemic has further escalated the demand for hospital supplies, as hospitalizations have surged. This demand is bolstered by the expansion of healthcare infrastructure and government initiatives aimed at enhancing healthcare facilities across the country. Disposable hospital supplies, including consumables and medical apparatus, are in high demand due to their essential role in various hospital operations, from surgical procedures to administrative tasks. The continuous use of products such as face masks, gloves, and surgical sponges underscores their importance in maintaining hospital hygiene and safety.
The market's expansion is also fueled by the increasing prevalence of chronic diseases, such as cardiovascular conditions, which contribute to higher hospitalization rates and, consequently, a greater need for disposable medical supplies. Innovation and investment from both public and private sectors are expected to heighten competition within the industry, with companies collaborating to develop and promote new products. Key players in the market, including Cardinal Health, B Braun, 3M, Medtronic Plc, and Johnson & Johnson, are actively working to strengthen their market presence and drive growth through strategic partnerships and product advancements.
China Hospital Supplies Market Size - Table of Contents
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1. MARKET DYNAMICS
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1.1 Market Overview
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1.2 Market Drivers
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1.2.1 Increasing Incidences of Communal Diseases
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1.2.2 Growing Public Awareness about Hospital Acquired Infections
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1.3 Market Restraints
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1.3.1 Emergence of Home Care Services
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1.4 Porter's Five Force Analysis
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1.4.1 Threat of New Entrants
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1.4.2 Bargaining Power of Buyers/Consumers
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1.4.3 Bargaining Power of Suppliers
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1.4.4 Threat of Substitute Products
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1.4.5 Intensity of Competitive Rivalry
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2. MARKET SEGMENTATION
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2.1 By Product
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2.1.1 Patient Examination Devices
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2.1.2 Operating Room Equipment
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2.1.3 Mobility Aids and Transportation Equipment
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2.1.4 Sterilization and Disinfectant Equipment
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2.1.5 Disposable Hospital Supplies
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2.1.6 Syringes and Needles
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2.1.7 Other Products
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China Hospital Supplies Market Size FAQs
What is the current China Hospital Supplies Market size?
The China Hospital Supplies Market is projected to register a CAGR of 11.10% during the forecast period (2024-2029)
Who are the key players in China Hospital Supplies Market?
Cardinal Health, B Braun, 3M, Medtronic Plc and Johnson & Johnson are the major companies operating in the China Hospital Supplies Market.
