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Healthcare Supplies Market Anticipated to Witness High Growth Due to Rising Adoption of Medical Supplies

Published By : IndustryARC | Published On : 2018-01-18

The Healthcare Supplies Market provides medical equipment and devices to various medical centers, medical institutions and hospitals to fulfill their daily requirements. Health-care supplies refers to the non-durable disposable healthcare materials which are prescribed by a physician that are primarily used to serve a medical purpose. 

Generally the health-care supplies are used in pathological labs, hospital applications and others. Health-care supplies or medical supplies includes different type of products such as disposable hospital supplies, mobility aids & transport equipment, operating room equipment, patient examination devices, sterilization & disinfectant, syringes & needles and others. On the basis of region, the market of health-care supplies is segmented into four major regions, those are Europe, Asia-Pacific, North America and Rest of the World.  

Increase in number of incidences and awareness among people about diseases give rise to the growth in the demand for health-care supplies. Technical innovations by leading players in the hospital supplies market are introducing advanced medical products which help medical professionals to treat their patients more efficiently. Hence, demand for medical stores has been increasing and this demand is estimated register a significant growth rate during the forecast period. 

However, the stringent regulations imposed by government and the home health-supplies are the two major factors that hamper the growth of the market health-care supplies. Still, the need for detection of diseases for better treatment driving the market with healthy growth and is also expected to witness increasing growth rate by the end of the forecast period. 

North America is dominating the Healthcare Supplies Market due to aging population and growing prevalence for lifestyle diseases like cardiovascular diseases, diabetes, hypertension and obesity. Asia-Pacific is expected to have fastest growth due to steady progress health care reforms, existing demand supply gap and high population levels in emerging economies coupled with rising income. Europe is also projected to register significant growth rate over the forecast period, followed by Rest of the World. 


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