Medical supplies are used in healthcare settings for the diagnosis and treatment of patients. The increasing number of patients and hospitals are pushing the demand for medical supplies. Key factors for rising demand of the medical supplies are growing elderly population, chronic disease cases, dialysis procedures, cases of diabetes and renal diseases. High incidence of uncertain large and small disorders that are caused by ecological changes, accidents and injuries are creating greater worldwide demand for the product market. The rising number of surgeries drives the demand for surgical gowns, gloves, drapes, feeding tubes, procedure kits and trays, which constitute the medical supplies market.
Global Medical Supplies market size revenue to reach $140.1 billion by 2031, growing with a CAGR of 4.6% during the forecast period of 2022 to 2031.
COVID-19, Zika, Ebola, and others have forced the need for more ventilators, masks, gloves, and others. As stated by WHO, 15% of total patients in hospitals suffer from hospital-acquired viral, bacterial and fungal infections. For prevention of prevalence of hospital-acquired diseases use of sterile and disposable procedure kits, medical devices, gloves bodes well for the product market. Safety-enhanced devices used for minimal invasive delivery of medicines, inhalation therapies are likely to see higher adoption with the onset of the coronavirus. The worldwide medical supplies market expected to reach 132billion US dollars by 2022.
Other key drivers of the product market are improving economic conditions, increasing access to good health care, a wide range of healthcare materials, hygiene awareness programs in various regions have to lead to greater acceptance of medical supplies by physicians and other medical professionals. Initiatives like glove awareness week in London, to raise awareness of the appropriate use of medical supplies to prevent skin-related health issues in nursing staff have also created waves of acceptance of the product. Additionally, medical supply products reduce the burden of work and increase the efficiency of workflow. Better healthcare standards will also add to the flourishing medical supplies market over the upcoming years.
Medical Supplies Market Segmentation Analysis
Medical Supplies Market is segmented by diagnostic supplies ( infusion & injectable supplies, intubation & ventilation supplies, disinfectants, personal protective equipment, sterilization consumables, wound care consumables, dialysis consumables, radiology consumables, catheters, sleep apnea consumables, and other medical supplies) application(Urology, Wound Care, Radiology, Respiratory, Infection Control, Cardiology, IVD) and end-users (hospital, clinician office, others).
Medical Supplies Market Regional Analysis
The increasing presence of chronic diseases around the world and the continuing need for infection control are some of the growth drivers in the global medical supplies market. Governments and corporations are increasingly investing in healthcare, driving the growth up further. These factors will see the industry grow to about $133.5 billion by 2025. Currently, North America is the largest market for medical supplies, with Europe following closely. Other regions such as the Asia-Pacific and the Rest of the World are expected to grow steadily in the forecast years. The market is controlled by players such as Johnson & Johnson, Baxter International, Merit Medical Systems, Smith & Nephew, Avanos Medical Inc. and Fresenius Medical Care AG & Co.
Medical Supplies Market Competition
Key companies operating in this industry are Medtronic (Ireland), Cardinal Health, Inc. (US), BD (US), Johnson & Johnson (US), B. Braun Melsungen AG (Germany), Boston Scientific Corporation (US), Thermo Fisher Scientific, Inc. (the US), Baxter International, Inc. (US), Avanos Medical, Inc. (the US), 3M (US), Smith & Nephew (Ireland), ConvaTec Group Plc. (UK), Abbott (US), Cook Medical (US), Merit Medical Systems (US), Stryker (US), Terumo Corporation (Japan), Teleflex Incorporated (US), Fresenius Medical Care AG & Co. KGaA (Germany), and Coloplast Group (Denmark).
Report Highlights
- Historical data available (as per request)
- Estimation/projections/forecast for revenue and unit sales (2022 – 2031)
- Data breakdown for every market segment (2022 – 2031)
- Gross margin and profitability analysis of companies
- Price analysis of each product type
- Business trend and expansion analysis
- Import and export analysis
- Competition analysis/market share
- Supply chain analysis
- Client list and case studies
- Market entry strategy
Market Segmentation
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
By Application
- Urology
- Wound Care
- Radiology
- Respiratory
- Infection Control
- Cardiology
- IVD
Other Applications
By End-User
- Hospitals
- Clinics/Physician Offices
- Other End Users
Country Analysis (Revenue, USD Million, 2022 - 2031)
- United States
- Canada
- Mexico
- France
- Germany
- Italy
- Spain
- United Kingdom
- Russia
- China
- India
- Philippines
- Malaysia
- Australia
- Austria
- South Korea
- Middle East
- Japan
- Africa
- Rest of World
Medical SuppliesMarket Companies
- Medtronic (Ireland)
- Cardinal Health, Inc. (US), BD (US)
- Johnson & Johnson (US)
- B. Braun Melsungen AG (Germany)
- Boston Scientific Corporation (US)
- Thermo Fisher Scientific, Inc. (US)
- Baxter International, Inc. (US)
- Avanos Medical, Inc. (US)
- 3M (US)
- Smith & Nephew (Ireland)
- ConvaTec Group Plc. (UK)
- Abbott (US)
- Cook Medical (US)
- Merit Medical Systems (US)
- Stryker (US)
- Terumo Corporation (Japan)
- Teleflex Incorporated (US)
- Fresenius Medical Care AG & Co. KGaA (Germany)
- Coloplast Group (Denmark)
Available Versions:-
United States Medical Supplies Industry Research Report
Europe Medical Supplies Industry Research Report
Asia Pacific Medical Supplies Industry Research Report
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