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 RD affects the medical supplies market positively.
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 report includes an in-depth analysis of the competitive landscape. The segment covers a comprehensive overview of the company profiles along with the product profiles, production capacities, products/services, pricing analysis, profit margins, and manufacturing process developments. The report also covers strategic business measures undertaken by the companies to gain substantial market share.
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)
Blood Collection Consumables
Infusion Injectable Supplies
Intubation Ventilation Supplies
Personal Protective Equipment
Hand Arm Protection Equipment
Eye Face Protection Equipment
Foot Leg Protection Equipment
Other Protection Equipment
Wound Care Consumables
Advanced Wound Dressings
Surgical Wound Care
Traditional Wound Care
Peritoneal Dialysis Consumables
Sleep Apnea Consumables
Other Medical Supplies
Application Outlook (Revenue, USD Billion; 2017-2027)
End-User Outlook (Revenue, USD Billion; 2017-2027)
Regional Outlook (Revenue, USD Billion; 2017-2027)
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
1.4.3. 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
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