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. Another driving factor is the growth in diagnostic imaging centers and a surge in the number of people covered under insurance. The usage of advanced technologies through R&D affects the medical supplies market positively.
Based on the in-depth analysis the research also brings to light major facts pertaining to the vital aspects such as market share, size, and growth rate. Deep dive into other aspects including the investment feasibility, demand and supply, import and export status, supply chain management and growth prospects narrates a lot about what the business environment will be like for the forecast period,2020 - 2027. All the vital statistics in the report are explained with the help of resources such as tables, charts, and info graphics.
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Key Highlights From The Report
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.
Key participants include 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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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
End-User Outlook (Revenue, USD Billion; 2017-2027)
Hospitals
Clinics
Others
Regional Outlook (Revenue, USD Billion; 2017-2027)
North America
Europe
Asia Pacific
Latin America
MEA
Table of Content
Chapter 1. Methodology & Sources
1.1. Medical Supplies Market Definition
1.2. Medical Supplies Market Research Scope
1.3. Medical Supplies Market Methodology
1.4. Medical Supplies Market Research Sources
1.4.1. Primary
1.4.2. Secondary
1.4.3. Paid Sources
1.5. Medical Supplies Market Estimation Technique
Chapter 2. Executive Summary
2.1. Summary Snapshot, 2019-2027
Chapter 3. Key Insights
Chapter 4. Medical Supplies Market Segmentation & Impact Analysis
Continued…
