Huge Growth Of Hospital Equipment Market 2023: Mergers and Acquisitions, Expansion Plans, and forecast 2032

PRESS RELEASE
Published February 4, 2023

Hospital Equipment Market size was valued at USD 39.21 Billion in 2022 and is projected to reach USD 110.63 Billion by 2032, growing at a CAGR of 12.22% from 2023 to 2032.

Global Hospital Equipment Market research report 2023 offers in-depth assessment of revenue growth, market definition, segmentation, industry potential, influential trends for understanding the future outlook and current prospects for the market. This study provides information about the sales and revenue during the historic and forecasted period. Understanding the segments helps in identifying the importance of different factors that aid market growth. Estimations about the CAGR value for specific forecast period, market drivers, market restraints, and competitive strategies are assessed in this Hospital Equipment Market report.

Moreover, the research report gives detailed data about the major factors influencing the growth of the Hospital Equipment market at the national and local level forecast of the market size, in terms of value, market share by region, and segment, regional market positions, segment and country opportunities for growth, Key company profiles, SWOT, product portfolio and growth strategies.

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Market Overview:

The study focuses on the biggest, most significant market participants and gives information about them, including business profiles, product details, expenses, prices, and contacts. In this study, statistics on the company’s expansion are covered along with the main segmentation aspects that contribute to the worldwide Hospital Equipment Market’s success in the current climate. The report also emphasizes the importance of regional categorization in the Market. Due to increasing demand, the worldwide market for this Market will eventually be more profitable and larger than expected.

The report also gives a 360-degree overview of the competitive landscape of the industries that are: Philips Healthcare,Medtronic,Johnson & Johnson,GE Healthcare,DePuy Synthes,Baxter International Inc.,Stryker,Siemens Healthineers,BD,Cardinal Health,Ethicon LLC.,Fresenius Medical care

Recent Development:

  • On September 2021, Baxter acquired US medical equipment group Hillrom. Baxter International, the medical technology group, has agreed to buy rival equipment company Hillrom. Hillrom, which makes healthcare equipment varying from low-tech hospital chairs to more sophisticated wearable electrocardiographs and operating tables, and Baxter, which focuses on critical care, nutrition, and surgical products megadeals in the medical devices and healthcare industry.
  • On August 2020, Johnson & Johnson announced that it entered into a definitive agreement to acquire Momenta Pharmaceuticals, Inc. This company discovers and develops novel therapies for immune-mediated diseases, in an all cash transaction. This acquisition provides an opportunity for the Janssen Pharmaceutical Companies of Johnson & Johnson to broaden its leadership in immune-mediated diseases and drive further growth through expansion into autoantibody-driven disease.
  • In March 2020, GE Healthcare signed a partnership with Ford Motor Company to boost ventilator production. The collaboration’s goal is to supply clinicians with critical medical devices to treat COVID-19, a respiratory disease caused by a newer coronavirus.

Hospital Equipment Market Segmentation:

In this section regional segmentation goes into excellent detail about the geographical aspects of the market in the research report. Hospital Equipment market legislative framework that is going to impact the entire market. It focuses attention to the current political landscape and produces market predictions in response.

On the basis of product type

Orthopedic Devices

Cardiovascular Devices

Diagnostic Imaging

IVD

MIS

Wound Management

Diabetes Care

Ophthalmic Devices

Dental

Nephrology

Others

On the basis of the end users/applications

Hospitals & Ambulatory Surgical Centers

Clinics

Others

Why will Asia Pacific region grow faster in the Hospital Equipment market?

  • Besides this, the Asia Pacific emerged as the fastest growing region during the forecast period owing to rising ageing population, increasing per capita income, and growing health concern among the people. Increasing investment on healthcare infrastructure in the region anticipated to further boost the market for Hospital Equipment in over the analysis period.
  • China and India are the prominent countries in the Asia Pacific region that holds second and fifth position in terms of revenue in the global market. The market for Hospital Equipment in these countries is mainly governed by the incentives offered by the local governments along with healthcare reforms.

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Leading geographical segments of the global Hospital Equipment market include:

North America (United States, Canada and Mexico)

Europe (Germany, UK, France, Italy, Russia and Turkey etc.)

Asia-Pacific (China, Japan, Korea, Australia, Indonesia, Thailand, Philippines, Malaysia)

South America (Brazil, Argentina, Columbia etc.)

Middle East and Africa (Saudi Arabia, UAE, Egypt, Nigeria and South Africa)

Important Features that are under Offering and Key Highlights of the Market Report:

  • Detailed overview of the global market share
  • Changing market dynamics of the industry
  • In-depth market segmentation by Type, Application, etc.
  • Historical, current and projected market size in terms of volume and value
  • Recent industry trends and developments
  • Competitive landscape of Hospital Equipment Market
  • Strategies of key players and product offerings
  • Potential and niche segments/regions exhibiting promising market growth

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Key Benefits of the Report

Porter’s five forces analysis illustrates the potency of buyers & suppliers in the market.

The report provides a detailed global Hospital Equipment market analysis based on competitive intensity and how the competition will take shape in coming years.

This study presents the analytical depiction of the global Hospital Equipment industry along with the current trends and future estimations to determine the imminent investment pockets.

The report presents information related to key drivers, restraints, and opportunities along with detailed analysis of the global Hospital Equipment market share.

The current market is quantitatively analysed to highlight the global Hospital Equipment market growth scenario.

*In case you need any specific business requirements, you can mention the same. We can customize the report based on the specific needs of the client.

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