Sustainability challenge and related SDGs
It is estimated that there are 421 million hospitalizations annually. These result in approximately 310 million major surgeries per year. All these require an accessible and effective healthcare system for everyone.
Besides the infrastructure and personnel, this also encompasses medical equipment. To ensure the best treatment, and to achieve SDG 3 “Good Health and Wellbeing” it is fundamental, that all health care personnel and patients around the world have access to appropriate #MedicalSupplies.
#MedicalSupplies also needs to be sterile and handled under hygienic conditions to eradicate a wide range of diseases and address many different persistent and emerging health issues.
#MedicalSupplies are not only needed in hospitals, but also in every other health care institution, like an elderly home or at a dentist.
- 3.Good Health & Well-Being
Possible solutions and their contribution to achieving the SDGs
#MedicalSupplies are used in almost every medical procedure. Supplies include typical medical products and devices such as infusion pumps, sterilized instruments, patient monitoring devices or syringes. To achieve #Healthcare4All, it is important that all these #MedicalSupplies are of the best quality while being affordable at the same time. It is also important that their use has minimal impact on the environment.
That’s why many manufacturers offer solutions that reduce waste and are reusable whenever possible.
#MedicalSupplies are central to achieving nearly all of the sub-goals in SDG 3 “Good Health and Well-being.” They are most prominently mentioned in sub-goal 3.8: “Achieve universal health coverage, including financial risk protection, access to quality essential health-care services and access to safe, effective, quality and affordable essential medicines and vaccines for all.”
Primarily related SDG Targets: 3.1, 3.2, 3.3, 3.4, 3.5, 3.6, 3.8 3.b
Investment Rationale and Growth Potential
Almost every form of treatment requires #MedicalSupplies. While healthcare costs in general have risen in recent decades, this has not happened due to significant price increases of #MedicalSupplies. These are in a stable market that is growing along with the world’s population and global prosperity.
#MedicalSupplies are necessary to provide both expensive and affordable treatments. Accordingly, it will continue to be an area worth investing in.