Market Trends of North America Hospital Supplies Industry
Disposable Hospital Supplies Segment is Projected to Have Significant Growth Rate During the Forecast Period of the Study
- 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 needles, are in continuous use by all hospital professionals in any domain, from cleaning to surgical theaters, as well as administrative departments, in some cases. The rising hospital admissions due to infectious diseases and the increasing usage of disposable hospital supplies are the major factors driving the market growth.
- The rising prevalence of infectious diseases such as influenza and respiratory syncytial virus infections, among others, is expected to increase the usage of disposable hospital supplies. For instance, according to the data updated by the Government of Canada in November 2022, overall respiratory syncytial virus activity was increasing in Canada and was above the expected levels. An estimated 1,309 detections were made with a 7.8% positivity rate. The level of RSV infection activity was variable across regions in Canada, with a range of 1.8% to 20.1% positivity rate. Thus, the rising prevalence of RSV infections in the region is expected to boost the usage of disposable hospital supplies.
- Furthermore, according to an article published by PubMed Central in May 2022, a study was conducted in the United States, which stated that the clinicians at a children's hospital in Alabama identified five pediatric patients with severe hepatitis and adenovirus viremia upon admission in the hospital. Thus, the high incidence of infectious diseases in Children is also expected to boost the segment growth.
- Moreover, the rising healthcare spending is also boosting segment growth, as it is also expected to increase the supply of disposable hospital supplies across various hospitals in the North American region.
- Thus, the aforementioned factors, such as the rising prevalence of infectious diseases and increasing healthcare spending, are expected to boost the segment growth.
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United States is Expected to Have Significant Market Share During the Forecast Period of the Study
- The United States is expected to hold a significant market share in the hospital supplies market due to the rising burden of infectious diseases such as influenza and RSV coupled with the number of hospitals in the country. Moreover, the increasing number of hospital-acquired infections is also expected to boost the market growth in the country.
- The rising prevalence of infectious diseases in the country is the major factor driving the segment's growth. For instance, according to the data updated by the CDC in January 2023, an estimated 25 million illnesses and 280,000 hospitalizations related to influenza were reported in the United States in the 2022-23 season.
- According to the data published by the Centers for Disease Control and Prevention (CDC) in November 2022, there is a high prevalence of hospital-acquired infections in the United States. The source stated that the prevalence of central line-associated bloodstream infections increased by 7%, catheter-associated urinary tract infections by 4%, and methicillin-resistant staphylococcus aureus by 14% during 2021. Thus, the high prevalence of hospital-acquired infections is expected to boost the usage of hospital supplies during the forecast period of the study.
- Thus, the aforementioned factors, such as the rising prevalence of infectious diseases, the rising expenses in hospitals, and increasing hospital-acquired infections, are expected to boost the market growth in the country.
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