The global Medical Supplies Market is forecasted to be worth USD 180.89 Billion by 2027, according to a current analysis by Emergen Research. The growing incidence of chronic diseases due to unhealthy lifestyle habits is expected to drive the demand for medical supplies over the forecast period. The medical supplies market will witness significant growth owing to the rise in healthcare expenditure along with technological advancement in medical equipment. Other factors, such as the rise in trauma injuries, infectious diseases, and road injuries, are also expected to contribute to market demand.
The report discusses in detail the growth opportunities, challenges, market drivers and restraints, limitations, threats, and demands of the Medical Supplies market. The study further assesses the regional market as well as the international market to garner an insight into the scope of the market. The report also provides deeper insights into the technological advancements, industrial landscape, and emerging product and technological developments in the Medical Supplies market. It offers fruitful insights into the business sphere to help businesses capitalize on the lucrative growth opportunities.
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The report, additionally, offers a comprehensive SWOT analysis and Porter’s Five Forces analysis to offer a better understanding of the competitive landscape of the industry. It also covers strategies adopted by prominent players such as mergers and acquisitions, collaborations, joint ventures, product launches, and brand promotions, among others. The report aims to offer the readers a holistic understanding of the relevant features of the industry.
Key Players Profiled in the Report are:
Medtronic Plc, Becton, Dickinson And Company, B. Braun Melsungen Ag, Cardinal Health, Inc., Johnson & Johnson, Boston Scientific Corporation, Baxter International, Inc., 3M Company, Abbott, and Avanos Medical, Inc., among others.
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Some Key Highlights
- The growth in the level of awareness of worker’s health and safety, and the rise in the number of deaths, particularly in the emerging nations, is creating a need for personal protective equipment, hence driving the segment’s demand.
- The rising geriatric population base at high risk of chronic wounds will support the demand for the advanced wound care segment. The rising pool of patients suffering from chronic injuries causes significant cost burdens on healthcare systems worldwide.
- Hospitals held the largest share in the medical supplies market. This is due to the increasing investment in the healthcare system and the growing prevalence of chronic and infectious diseases.
- The medical supplies market for the Asia Pacific is presumed to expand at a high CAGR throughout the forecast timeframe. The regional growth can be accredited to India, Japan, and China owing to factors such as the growing advancements by prominent players in these countries and increased support from the government
Furthermore, the report provides a comprehensive overview of the Medical Supplies market along with product portfolio and market performance. The report offers key insights into market share, supply chain analysis, demand and supply ratio, import/export details, and product and consumption patterns. To gain a better understanding, the report is further segmented into sections such as product types offered by the market, application spectrum, companies, and key geographical regions where the market has established its presence.
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For the purpose of this report, Emergen Research has segmented into the global Medical Supplies Market on the type, application, end-user, and region:
Type Outlook (Revenue, USD Billion; 2017-2027)
- Diagnostic Supplies
- Blood Collection Consumables
- Other
- 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
Application Outlook (Revenue, USD Billion; 2017-2027)
- Urology
- Wound Care
- Radiology
- Respiratory
- Infection Control
- Cardiology
- IVD
- Other Applications
Analysis of the segments and their growth projection is carried out by extensive historical and current analysis of the market scenario. Further, the report offers details about the factors and features of the Medical Supplies market expected to boost the growth of the industry in the coming years.
Key Questions Answered in the Report:
What is the growth rate of the Medical Supplies market? What is the anticipated market valuation of Medical Supplies industry by 2027?
What are the key growth driving and restraining factors of the Medical Supplies market?
Who are the prominent players operating in the market? What are the key strategies adopted by these companies?
What are the key opportunities and growth prospects of the Medical Supplies industry over the forecast period?
Which region is expected to show significant growth in the coming years?
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