Market Size of Germany Hospital Supplies Industry
Study Period | 2019 - 2029 |
Base Year For Estimation | 2023 |
Forecast Data Period | 2024 - 2029 |
Historical Data Period | 2019 - 2022 |
CAGR | 5.50 % |
Market Concentration | Medium |
Major Players*Disclaimer: Major Players sorted in no particular order |
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Germany Hospital Supplies Market Analysis
During the forecast period, the Germany Hospital Supplies Market is expected to register a 5.5% CAGR.
The COVID-19 pandemic impacted the German hospital supply market. COVID-19 has led to a long-term strain on the German medical supply chain. In addition, the reduced rate of inpatient hospital admissions and cancellation of many surgical procedures in Germany also imposed a slight negative impact on the market. For instance, according to the research report published by Frontiers in January 2021, the overall inpatient hospital admissions decreased by 35.0% in weeks 1 to 4 and by 30.3% in weeks 5 to 8 after the lockdown announcement in 2020 in comparison to previous years in Germany. Similarly, as per the study published by the NCBI in June 2022, compared to the previous years, the number of patients undergoing general and visceral surgery decreased by 22.7%; a decrease of 14.8% was observed for elective procedures; and a decrease of 6.0% for emergency procedures was observed in the first pandemic year. Thus, the demand for hospital supplies was reduced, which had an adverse impact on the market during the initial phase of the pandemic. The lockdown was lifted in 2021 as the number of COVID-19 cases decreased and all non-COVID-19 and surgical interventions were resumed. This has resulted in a gradual improvement in the Germany hospital supplies market, which is expected to continue in the forecast period.
The increasing incidences of communal diseases and high demand for hospital supplies in developing countries, coupled with rising public awareness about hospital-acquired infections, are the major drivers for the market. The high incidence rate of inflammatory and communal diseases such as pneumococcal disease and sexually transmitted diseases is increasing in Germany. For instance, in 2021, the International Agency for Research on Cancer reported that 629,000 people were diagnosed with cancer, and this number is expected to increase to 750,000 by the end of 2040. Such a high incidence of chronic disease is expected to increase the rate of hospital admissions, thereby propelling the demand for hospital supplies in Germany. Because of this, the high number of communicable diseases in Germany is likely to increase the need for hospital supplies, which will help the market grow.
The rising healthcare infrastructure and rising government initiatives to enhance and expand healthcare facilities are also augmenting the demand for hospital supplies, which is expected to boost the market in the country. For instance, according to a NCBI research article published in October 2021, the issue of addressing the current pandemic is instructive for shaping how medicine, public health, and public policy can respond to crises in the future. Thus, such initiatives may create new opportunities for the market, thereby boosting its growth over the forecast period.
But a strict regulatory framework and the rise of home care services could slow the growth of the market over the next few years.
Germany 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 enhances the network and transportation between hospitals. Hospital equipment, patient aids, mobility equipment, and sterilization disposable hospital supplies are examples of these. Patient Examination Devices, Operating Room Equipment, Mobility Aids and Transportation Equipment, Sterilization and Disinfectant Equipment, Disposable Hospital Supplies, Syringes and Needles, and Other Products are the product segments of the Germany Hospital Supplies Market. The report offers the value (in USD million) for the above segments.
By Product | |
Patient Examination Devices | |
Operating Room Equipment | |
Mobility Aids and Transportation Equipment | |
Sterilization and Disinfectant Equipment | |
Disposable Hospital Supplies | |
Syringes and Needles | |
Other Products |
Germany Hospital Supplies Market Size Summary
The Germany hospital supplies market is poised for growth, driven by an anticipated increase in demand for medical supplies and equipment. The market is recovering from the initial setbacks caused by the COVID-19 pandemic, which had strained the medical supply chain and reduced hospital admissions and surgical procedures. However, as the pandemic's impact wanes and healthcare activities resume, the market is expected to experience a steady upward trajectory. Key factors contributing to this growth include the rising incidence of chronic and communicable diseases, such as cancer and pneumococcal infections, which are expected to drive hospital admissions and, consequently, the demand for hospital supplies. Additionally, the expansion of healthcare infrastructure and government initiatives aimed at enhancing healthcare facilities are further bolstering market growth.
The market is characterized by a diverse range of products, including disposable medical supplies and mobility aids, which are in high demand due to the increasing prevalence of hospital-acquired infections and the growing geriatric population. Disposable supplies offer convenience and high-level protection, making them essential in preventing infections. The rising number of chronic diseases and lifestyle-related disorders, along with the aging population, is expected to further propel the demand for mobility aids and transportation equipment. The competitive landscape is fragmented, with several key players, both international and local, holding significant market shares. These companies are actively involved in product launches and expansions, such as the establishment of new manufacturing facilities, to meet the growing demand in the region.
Germany 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 High Demand for Hospital Supplies in Developing Countries Coupled with rising Public Awareness about Hospital Acquired Infections
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1.3 Market Restraints
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1.3.1 Stringent Regulatory Framework & Emergence of Home Care Services
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1.4 Porter's Five Forces Analysis
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1.4.1 Bargaining Power of Suppliers
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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 (Market Size by Value - USD Million)
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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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Germany Hospital Supplies Market Size FAQs
What is the current Germany Hospital Supplies Market size?
The Germany Hospital Supplies Market is projected to register a CAGR of 5.5% during the forecast period (2024-2029)
Who are the key players in Germany Hospital Supplies Market?
Boston Scientific, Cardinal Health Inc., Medtronic, 3M and B Braun SE are the major companies operating in the Germany Hospital Supplies Market.