The global medical supplies market is forecast to grow at a compound annual growth rate (CAGR) of more than 4% during the forecast period from 2021-2030.
During patient diagnosis and treatment, medical supplies, sometimes referred to as medical equipment, are used. A large number of patients and a limited number of hospitals will almost certainly require medical supplies. A medical supply is a broad category consisting of products ranging from a simple first-aid kit to specialized medical gear. Medical supplies, such as hypodermic needles and inhalation tools, are used for medication delivery, while supplies used for sterilization and infection control help prevent infections in healthcare environments.
Request To Download Free Sample of This Strategic Report @https://reportocean.com/industry-verticals/sample-request?report_id=BWCC622
Factors Affecting
- Chronic diseases used to be more prevalent among the elderly. Diabetes, heart disease, lung disease, and cancer are common diseases today and can affect any age group. The use of medical supplies in treating such conditions is driving the market growth.
- The growing use of medical technology, which enables professionals to diagnose and treat their patients remotely, has led to significant growth in the market. The lockdown period was necessary to prevent the spread of the virus among non-emergency patients, resulting in a substantial increase in demand for medical supplies for home care, like oxygen masks, blood pressure monitors, disposable masks, etc. Furthermore, the same factors anticipate driving the future market growth.
- Due to patients’ convenience, remote patient monitoring devices have become increasingly popular recently for tracking patients’ vitals. As a result, such devices increase the likelihood of a breach of confidential patient information. Therefore, security concerns can slow the growth of the market.
Impact Analysis of COVID-19
Due to Covid-19, medical supplies are in high demand. COVID-19 treatment became a priority for healthcare facilities and medical professionals soon after the epidemic broke out, necessitating the usage of disposable masks, eye-wear, respiratory supply supplies, hand sanitizers, and disposable gloves. During this period, the medical supply sector began to boom as a result of this predicament.
The demand for medical supplies for wound care, diagnostics, and laboratory testing, on the other hand, dropped unexpectedly because non-emergency medical cases delayed adhering to social distancing norms. As a result of the circumstances, Covid-19 is unlikely to have impacted the global medical supply industry.
Regional Overview
North America dominated both the production and the demand for medical supplies. Medical supplies are in high demand in this region due to the growing number of operations in this area. Further, geriatric populations and Covid-19 cases are increasing, resulting in an increasing market for these products.
Leading Competitors
The leading prominent competitors in the global medical supplies market are:
- Coloplast Group (Europe)
- 3M Company (United States)
- Smith & Nephew PLC (United Kingdom)
- Convatec Group PLC (United Kingdom)
- Merit Medical Systems (United States)
- Terumo Corporation (Japan)
- Teleflex Incorporated (United States)
- Stryker (United States)
- Johnson & Johnson (United States)
- Thermo Fisher Scientific Inc. (United States)
- Avanos Medical, Inc. (United States)
- Cook Medical (United States)
- Cardinal Health, Inc. (United States)
- DePuy Synthes (United States)
- Siemens Healthineers (Europe)
- GE Healthcare (United States)
- Ethicon LLC (United States)
- Philips Healthcare (Europe)
- Fresenius Medical Care (Europe)
- Other Prominent Players
Scope of the Report
The global medical supplies market segmentation focuses on Type, End-User, and Region.
Segmentation based on Type
- Diagnostic Supplies
- Blood Collection Consumables
- Other Sample Collection Consumables
- Infusion & Injectable Supplies
- Intubation & Ventilation Supplies
- Disinfectants
- Hand Disinfectants
- Skin Disinfectants
- Surface Disinfectants
- Instrument Disinfectants
- Personal Protective Equipment
- Hand & Arm Protection Equipment
- Eye & Face Protection Equipment
- Protective Clothing
- Foot & Leg Protection Equipment
- Surgical Drapes
- Other Protection Equipment
- Sterilization Consumables
- Wound Care Consumables
- Advanced Wound Dressings
- Surgical Wound Care
- Traditional Wound Care
- Dialysis Consumables
- Hemodialysis Consumables
- Peritoneal Dialysis Consumables
- Radiology Consumables
- Catheters
- Cardiovascular Catheters
- Intravenous Catheters
- Urological Catheters
- Specialty Catheters
- Neurovascular Catheters
- Sleep Apnea Consumables
- Other Medical Supplies
Segmentation based on End-User
- Hospitals
- Clinics
- Others
Segmentation based on Region
- North America
- The U.S.
- Canada
- Mexico
- Europe
- Western Europe
- The UK
- Germany
- France
- Italy
- Spain
- Rest of Western Europe
- Eastern Europe
- Poland
- Russia
- Rest of Eastern Europe
- Asia Pacific
- China
- India
- Japan
- Australia & New Zealand
- ASEAN
- Rest of Asia Pacific
- Middle East & Africa (MEA)
- UAE
- Saudi Arabia
- South Africa
- Rest of MEA
- South America
- Brazil
- Argentina
- Rest of South America
Table of Content
Chapter 1: Global Medical Supplies Industry Overview
Chapter 3: Market Dynamics
Chapter 4: Top Company Profiles
Chapter 5: Global Medical Supplies market Competition, by Players
Chapter 6: Global Market Size by Regions
Chapter 7: Global Market Segment by Application
Chapter 8: Global Medical Supplies Industry Segment by Type
Chapter 9: Market Chain, Sourcing Strategy, and Downstream Buyers
Chapter 10: Strategies and key policies by Distributors/Suppliers/Traders
Chapter 11: Key Marketing Strategy Analysis, by Market Vendors
Chapter 12: Market Effect Factors Analysis
Chapter 13: Global Medical Supplies market Size Forecast (2023-2032).
Continue….
Reasons to Buy This Report
(A) The research provides valuable insights for top administration, policymakers, professionals, product advancements, sales managers, and stakeholders in the market. It helps them make informed decisions and strategize effectively.
(B) The report offers comprehensive analysis of Medical Supplies market revenues on a global, regional, and country level, projecting trends until 2032. This data allows companies to assess their market share, identify growth opportunities, and explore new markets.
(C) The research includes segmentation of the Medical Supplies market based on types, applications, technologies, and end-uses. This segmentation enables leaders to plan their products and allocate resources based on the expected growth rates of each segment.
(D) Analysis of the Medical Supplies market benefits investors by providing insights into market scope, position, key drivers, challenges, restraints, expansion opportunities, and potential threats. This information helps them make informed investment decisions.
(E) The report offers a detailed analysis of competitors, their key strategies, and market positioning. This knowledge allows businesses to better understand the competition and plan their own strategies accordingly.
(F) The study helps evaluate Medical Supplies business predictions by region, key countries, and top companies, providing valuable information for investment planning and decision-making.
About Report Ocean:
Report Ocean is a renowned provider of market research reports, offering high-quality insights to clients in various industries. Their goal is to assist clients in achieving their top line and bottom line objectives, thereby enhancing their market share in today’s competitive environment. As a trusted source for innovative market research reports, Report Ocean serves as a comprehensive solution for individuals, organizations, and industries seeking valuable market intelligence.