Australia Hospital Supplies Market Size
| Study Period | 2019 - 2029 |
| Base Year For Estimation | 2023 |
| Forecast Data Period | 2024 - 2029 |
| Historical Data Period | 2019 - 2022 |
| CAGR | 10.00 % |
| Market Concentration | Low |
Major Players
*Disclaimer: Major Players sorted in no particular order |
Australia Hospital Supplies Market Analysis
The Australian hospital supplies market is expected to witness a CAGR of 10% during the forecast period. Certain factors that are driving the growth of the market include increasing incidences of communicable diseases and growing public awareness about hospital-acquired infections (HAIs).
- According to the Department of Health, the Government of Australia, communicable diseases are to be considered a significant public health priority. The health problems currently faced by Australia are very diverse, such as foodborne diseases, sexually transmitted diseases, and the emergence of antimicrobial-resistant bacteria, vaccine-preventable diseases, and vector-borne diseases.
- The Office of Health Protection (OHP) is engaged in a range of activities to reduce the incidence and the social and economic impact of communicable diseases.
- The National Framework for Communicable Disease Control brings together the government, agencies, and committees under the goal of strengthening the defense against communicable diseases, and recommends outcomes required to achieve the key objectives, including improved communicable disease prevention, detection, and response, as well as improved organization and delivery of communicable disease control.
- However, emergence of home care services is expected to hinder the market's growth. Australia has had a national home care program for around 20 years. The country's national home care program, called HACC, has been developed to provide a comprehensive range of services to mainly support frail, aged people and people with disabilities in their home, and also to prevent their premature admission to residential care. The traditional home care services include home nursing, homemaking, and delivery of meals.
Australia Hospital Supplies Market Trends
This section covers the major market trends shaping the Australia Hospital Supplies Market according to our research experts:
The Disposable Hospital Supplies Segment is Expected to hold a Significant Market Share
Disposable medical supplies, such as first aid supplies, disposable apparel, blood collection tools, testing supplies, etc., are always on demand. They are extremely crucial for carrying out any medical procedure in hospitals. Over recent years, the disposable products' market has been growing consistently, and it is expected to account for strong growth in the near future as well. Products with enhanced performance, infection prevention, and efficacy are propelling the increase in demand for medical disposables in Australia. Demand for disposable devices is rising in Australia, as the country is modernizing its healthcare infrastructure. The growing presence of medical facilities in the region and the growing geriatric population act as the major growth drivers for the disposable hospital supplies segment.
Australia Hospital Supplies Industry Overview
The Australian hospital supplies market, which is highly competitive, consists of a number of major players. Companies, such as 3M Healthcare, Advanced Sterilization Products Services Inc., Ansell Limited, B. Braun Melsungen AG, Becton, Dickinson and Company, Cardinal Health Inc., Covidien PLC, Invacare Corporation, Medline Industries, and Molnlycke Healthcare AB, among others, hold a substantial market share in the Australian hospital supplies market.
Australia Hospital Supplies Market Leaders
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Advanced Sterilization Products Services Inc.
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3M Healthcare
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B. Braun Melsungen AG
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Becton, Dickinson and Company
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Cardinal Health Inc.
*Disclaimer: Major Players sorted in no particular order
Australia Hospital Supplies Market Report - Table of Contents
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1. INTRODUCTION
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1.1 Study Deliverables
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1.2 Study Assumptions
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1.3 Scope of the Study
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2. RESEARCH METHODOLOGY
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3. EXECUTIVE SUMMARY
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4. MARKET DYNAMICS
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4.1 Market Overview
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4.2 Market Drivers
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4.2.1 Increasing Incidences of Communicable Diseases
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4.2.2 Growing Public Awareness about Hospital Acquired Infections
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4.3 Market Restraints
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4.3.1 Emergence of Home Care Services
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4.3.2 Stringent Regulatory Framework
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4.4 Porter's Five Forces Analysis
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4.4.1 Threat of New Entrants
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4.4.2 Bargaining Power of Buyers/Consumers
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4.4.3 Bargaining Power of Suppliers
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4.4.4 Threat of Substitute Products
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4.4.5 Intensity of Competitive Rivalry
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5. MARKET SEGMENTATION
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5.1 Type
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5.1.1 Patient Examination Devices
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5.1.2 Operating Room Equipment
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5.1.3 Mobility Aids and Transportation Equipment
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5.1.4 Sterilization and Disinfectant Equipment
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5.1.5 Disposable Hospital Supplies
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5.1.6 Other Types
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6. COMPETITIVE LANDSCAPE
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6.1 Company Profiles
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6.1.1 3M Healthcare
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6.1.2 Advanced Sterilization Products Services Inc.
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6.1.3 Ansell Limited
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6.1.4 B. Braun Melsungen AG
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6.1.5 Becton, Dickinson and Company
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6.1.6 Cardinal Health Inc.
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6.1.7 Covidien PLC
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6.1.8 Invacare Corporation
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6.1.9 Medline Industries
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6.1.10 Molnlycke Healthcare AB
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- *List Not Exhaustive
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7. MARKET OPPORTUNITIES AND FUTURE TRENDS
Australia Hospital Supplies Industry Segmentation
As per the scope of the report, hospital supplies are defined as products or devices used in providing care, specifically in hospitals, which may cover a wide range from furnaces to surgical dressings. Hospital medical equipment and supplies include various devices, tools, instruments, and medical consumables that are used in hospitals and healthcare establishments.
| Type | |
| Patient Examination Devices | |
| Operating Room Equipment | |
| Mobility Aids and Transportation Equipment | |
| Sterilization and Disinfectant Equipment | |
| Disposable Hospital Supplies | |
| Other Types |
Australia Hospital Supplies Market Research FAQs
What is the current Australia Hospital Supplies Market size?
The Australia Hospital Supplies Market is projected to register a CAGR of 10% during the forecast period (2024-2029)
Who are the key players in Australia Hospital Supplies Market?
Advanced Sterilization Products Services Inc., 3M Healthcare, B. Braun Melsungen AG, Becton, Dickinson and Company and Cardinal Health Inc. are the major companies operating in the Australia Hospital Supplies Market.
What years does this Australia Hospital Supplies Market cover?
The report covers the Australia Hospital Supplies Market historical market size for years: 2019, 2020, 2021, 2022 and 2023. The report also forecasts the Australia Hospital Supplies Market size for years: 2024, 2025, 2026, 2027, 2028 and 2029.
Australia Hospital Supplies Industry Report
Statistics for the 2024 Australia Hospital Supplies market share, size and revenue growth rate, created by Mordor Intelligence™ Industry Reports. Australia Hospital Supplies analysis includes a market forecast outlook to 2029 and historical overview. Get a sample of this industry analysis as a free report PDF download.
