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Australia Hospital Supplies Market Size (2024 - 2029)

The Australian hospital supplies market is poised for significant growth, driven by increasing incidences of communicable diseases and heightened public awareness of hospital-acquired infections. The government's focus on communicable disease control, through initiatives like the National Framework for Communicable Disease Control, underscores the importance of improving prevention, detection, and response strategies. However, the expansion of home care services, which have been a longstanding component of Australia's healthcare system, may pose challenges to the market's growth trajectory.

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Market Size of Australia Hospital Supplies Industry

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

Australia Hospital Supplies Market Key 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 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
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Australia Hospital Supplies Market Size Summary

The Australian hospital supplies market is poised for significant growth, driven by an increasing prevalence of communicable diseases and heightened public awareness of hospital-acquired infections. The government's focus on communicable disease control, through initiatives like the National Framework for Communicable Disease Control, underscores the importance of improving prevention, detection, and response strategies. This framework, along with the efforts of the Office of Health Protection, aims to mitigate the impact of various health challenges, including foodborne and vector-borne diseases, as well as antimicrobial-resistant infections. Despite these growth drivers, the emergence of home care services, such as the national HACC program, presents a potential challenge to market expansion by offering alternative care solutions that reduce the need for hospital-based supplies.

The demand for disposable medical supplies is a key factor propelling the Australian hospital supplies market, with products like first aid supplies, disposable apparel, and blood collection tools being essential for medical procedures. The market for these disposables is experiencing consistent growth, fueled by advancements in product performance and infection prevention. As Australia modernizes its healthcare infrastructure and expands its medical facilities, the need for high-quality disposable devices is increasing, particularly with a growing geriatric population. The competitive landscape of the market is characterized by the presence of major players such as 3M Healthcare, B. Braun Melsungen AG, and Becton, Dickinson and Company, who collectively hold a significant share of the market, contributing to its dynamic and evolving nature.

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Australia Hospital Supplies Market Size - Table of Contents

  1. 1. MARKET DYNAMICS

    1. 1.1 Market Overview

    2. 1.2 Market Drivers

      1. 1.2.1 Increasing Incidences of Communicable Diseases

      2. 1.2.2 Growing Public Awareness about Hospital Acquired Infections

    3. 1.3 Market Restraints

      1. 1.3.1 Emergence of Home Care Services

      2. 1.3.2 Stringent Regulatory Framework

    4. 1.4 Porter's Five Forces Analysis

      1. 1.4.1 Threat of New Entrants

      2. 1.4.2 Bargaining Power of Buyers/Consumers

      3. 1.4.3 Bargaining Power of Suppliers

      4. 1.4.4 Threat of Substitute Products

      5. 1.4.5 Intensity of Competitive Rivalry

  2. 2. MARKET SEGMENTATION

    1. 2.1 Type

      1. 2.1.1 Patient Examination Devices

      2. 2.1.2 Operating Room Equipment

      3. 2.1.3 Mobility Aids and Transportation Equipment

      4. 2.1.4 Sterilization and Disinfectant Equipment

      5. 2.1.5 Disposable Hospital Supplies

      6. 2.1.6 Other Types

Australia Hospital Supplies Market Size FAQs

The Australia Hospital Supplies Market is projected to register a CAGR of 10% during the forecast period (2024-2029)

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.

Australia Hospital Supplies Market Report Snapshots

Australia Hospital Supplies Market Size & Share Analysis - Growth Trends & Forecasts (2024 - 2029)