The global medical supplies market size is projected to grow at a CAGR of 4.8% during the forecast period 2020 – 2027. The market growth is attributable to increasing prevalence of chronic diseases such as cardiovascular disorders, renal disorders, hypertension and diabetes, rising demand for medical supplies and infection control measure to prevent the occurrence of hospital acquired infection (HAIs) along with increasing corporate and government funding and investments in healthcare infrastructure development.
Furthermore, the growing demand of medical supplies in the various treatment and surgical procedures is another factor driving the market growth. In addition, increasing demand for disposable medical supplies such as gloves, syringes, hypodermic needles and applicators, as these medical supplies aid in reducing the chances of HAIs and needle stick injuries along with other communicable diseases is another key factor boosting the market growth. However, presence of stringent regulatory requirements, standards & compliance for various medical supplies coupled with increasing rate of product recalls is witnessed to hamper the market growth.
Hospital- acquired infections in patients are generally caused during the medical care. Of these HAIs, nosocomial infections account for nearly 10.0% share in the developing countries followed by 7.0% share in the developed countries. As per WHO, around 15.0% of the total admitted patients in hospitals get infected with hospital-acquired bacterial, fungal and viral infections. For instance, in 2018, the Centers for Disease Control (CDC) has estimated that HAIs in American hospitals alone accounted for nearly 1.7 million infections every year. In order to reduce the growing incidence of hospital- acquired infections the demand for medical supplies has been increasing at a significant rate.
Based on type, our scope of study has segmented the medical supplies market into diagnostic supplies, disinfectants, intubation & ventilation supplies, infusion & injectable supplies, personal protective equipment (PPE), radiology consumables, sterilization consumables, wound care consumables, dialysis consumables, sleep apnea consumables, catheters, and other supplies. In 2019, catheters segment accounted for the highest revenue share in the medical supplies market. Rising demand for catheters owing to increase in number of surgeries and hospitalizations along with increasing presence of catheter manufacturers is expected to drive the segment growth. In addition, introduction of technological advancements in catheters such as miniaturized products and development of antimicrobial catheters that aids in reduction of associated infections is another key factor witnessed to propel the segment growth.
However, the intubation & ventilation consumables segment is projected to grow at a lucrative CAGR during the forecast period owing to the rise in incidence of various respiratory disorders such as COPD and asthma. Currently, the growth in this segment is majorly driven by increasing prevalence of COVID-19 across the globe.
Based on application, the medical supplies market has been segmented into wound care, urology, radiology, infection control, respiratory, cardiology, IVD and other applications. In 2019, the others application segment accounted for the largest revenue share of the market owing to the rapid increase in number of surgical procedures, rising prevalence of dental disorders majorly in geriatric population coupled with the growing adherence to proper waste disposal methods.
Moreover, increasing application of medical supplies such as safety-enhanced medical devices in the minimally invasive medication delivery, and inhalation therapies & IV is further projected to drive revenue growth.
End User Insights
The medical supplies market on the basis of end user has been segmented into Hospitals, Clinics & Physician Offices. In 2019, hospitals segment accounted for the largest revenue share in the market owing to large number of surgical procedures performed as compared to clinics and other end use facilities.
Moreover, with the growing need to expand the hospital settings in terms of bed size due to prevailing COVID-19 pandemic, the demand for medical supplies has been increasing at a rapid pace, thereby positively impacting the segment revenue growth.
The medical supplies market study examines the performance of market across six key regions, viz. North America, Western Europe, Eastern Europe, Asia Pacific, Latin America and Middle East & Africa. In 2019, North America accounted for the largest revenue share in medical supplies market, followed by Europe. The increasing geriatric population, rapid increase in incidence of COVID-19 and growing prevalence of chronic diseases are the key factors contributing to market growth in North America.
The U.S. held the largest revenue share within North America owing to increasing demand for surgical procedures and minimally invasive procedures such as endoscopy including laparoscopies and colonoscopies. Moreover, high incidence rate of COVID-19 in the U.S. is majorly impacting the demand for key medical supplies such as intubation & ventilation supplies and personal protective equipment (PPE), thus expected to drive the market growth.
Competitive Market Insights
Competitive landscape analysis in the report covers 12-15 key players in global Medical Supplies market. Some of the leading companies profiled in this study include Medtronic Plc.; Cardinal Health, Inc.; Johnson & Johnson; B. Braun Melsungen AG; Thermo Fisher Scientific, Inc.; Baxter International, Inc.; BD; Avanos Medical, Inc.; Smith & Nephew; ConvaTec Group Plc.; Cook Medical; Stryker; Terumo Corporation and Fresenius Medical Care AG & Co. KGaA ; accounting for majority of the market share owing to their diverse product portfolios. Key manufacturers in the market are focused on launching new innovative products which further drives the market growth. Mergers & acquisitions, partnerships, collaborations, high investments on medical devices R&D, and new product developments are among the key strategies adopted by these players to gain a competitive edge. An extensive competition analysis allows for an exhaustive market structure assessment. This section further offers insights on recent market developments, emerging opportunities, impactful trends and dormant business tactics.
A recent market intelligence report added to the repository of Credible Markets, titled “Medical Supplies – Market Analysis and Forecast 2016 – 2027”, provides an extensive analysis of the global medical supplies market. The analysis and forecast is backed by the fact-based historic and current growth scenarios of the market. The report offers valued insights on the well-assessed market sizing (value) and growth projections for a stipulated period, 2016 – 2027.
The data has been meticulously gathered from some of the top industry experts and thorough secondary research. This information is authentic and dependable, and enables deeper understanding of medical supplies and their market potential at global as well as regional levels. It intends to help potential market entrants with their strategic business planning.
Detailed Analysis of Market Taxonomy:
The global medical supplies market report begins with a brief outline of the market taxonomy covering product, application and end user analysis, along with an overview of the scope of its research. Detailed trend and opportunity assessment with respect to each product, application and end user segment and associated sub-segments is the highlight of this section of the report. It then provides readers with a summary of the report that offers insights on market outlook and overall competition scenario in the medical supplies landscape. Relevant information and recent developments in medical supplies sector has been covered here. The market study then sheds light on the quick market background and its analysis with respect to medical supplies market research.
The report, in addition to analyzing the various socio-economic, political and technological aspects defining the performance of global Medical Supplies market, focuses on the overall scope of penetration and market attractiveness. The key market variables and their impact analysis with respect to the growth patterns of global medical supplies market are also evaluated in detail inside the report. It further provides information about the strategic background of market landscape, followed by the analysis of overall impact of the recent, current and upcoming strategic alliances and similar financial deals across the industry on performance of medical supplies market.
Covid-19 Impact Analysis:
Under an exclusive section that unleashes the covid-19 impact analysis on medical supplies market, the report attempts to track the evolution of growth path of market from 2019, through 2020, and post the medical crisis. While the pandemic has compelled entire industry to shift its preferences, it has turned the industry and its sub-sectors upside down within no time. The report covers deep-dive analysis of this impact particularly on the medical supplies market.
The report typically answers these FAQs-
• What is the market size and growth projections of global medical supplies market?
• What are the top performing segments and regions of medical supplies market?
• What is the market size and growth rate across key countries?
• What factors will influence demand and supply trends in medical supplies market during the forecast period?
• What are the technology trends shaping medical supplies market?
• What are the key opportunities emerging in medical supplies market?
• What are the developmental strategies of key market players?
• What is the COVID-19 impact on the market and how long will it take to recover?
Segments Covered in the Report-
Product Type (Revenue, USD Million, 2016 – 2027)
• Diagnostic Supplies
• Intubation & Ventilation Supplies
• Infusion & Injectable Supplies
• Personal Protective Equipment (PPE)
• Radiology Consumables
• Sterilization Consumables
• Wound Care Consumables
• Dialysis Consumables
• Sleep Apnea Consumables
• Other Supplies
Application Type (Revenue, USD Million, 2016 – 2027)
• Wound Care
• Infection Control
• Other Applications
End User Type (Revenue, USD Million, 2016 – 2027)
• Physician Offices
Regions covered in global Medical Supplies market report-
• North America
• Latin America
• Western Europe
• Eastern Europe
• Asia Pacific
• Middle East & Africa
A new Research Report published by JCMR under the title Global Medical Supplies Market (COVID 19 Version) can grow into the world’s most important market which has played an important role in making progressive impacts on the global economy. The Global Medical Supplies Market Report presents a dynamic vision for concluding and researching market size, market hope and competitive environment. The study is derived from primary and secondary Research and consists of qualitative & Quality analysis. The main company in this Research is MEDTRONIC, CARDINAL HEALTH, BECTON, DICKINSON, JOHNSON & JOHNSON, B. BRAUN MELSUNGEN, BOSTON SCIENTIFIC, THERMO FISHER SCIENTIFIC, BAXTER INTERNATIONAL, HALYARD HEALTH, 3M ,
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Data sourcing technique we follow: We Used Some Premium Sites to gather data.
|Medical Supplies Perception||Primary Research 80% (interviews)||Secondary Research (20%)|
|Supply side(production)||Competitors||Economical & demographic data|
|Raw materials Suppliers & Producer||Company Reports,& publication|
|Specialist interview||Government data/publication|
|Middleman side(sales)||Distributors||Product Source|
|Demand side(consumption)||END-users/Custom Surveys/interviews||Custom data|
|Consumer Surveys||Industry Data analysis|
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Note: Regional Breakdown & Sectional purchase Available We provide Pie Charts Best Customize Reports as per Requirements.
We interviewed various key sources of supply and demand in the course of the Primary Research to obtain qualitative and quantitative information related to this report. Main sources of supply include key industry members, subject matter experts from key companies, and consultants from many major firms and organizations working on the Global Medical Supplies Market.
Secondary Research was performed to obtain crucial information about the business supply chain, the company currency system, global corporate pools, and sector segmentation, with the lowest point, regional area, and technology-oriented perspectives. Secondary data were collected and analyzed to reach the total size of the market which the first survey confirmed.
Furthermore, the years considered for the study are as follows:
Historical year – 2013-2018
Base year – 2019
Forecast period** – 2020 to 2029
Some Key Research Questions & answers:
What Is impact of COVID 19 on Global Medical Supplies Market?
Before COVID 19 Global Medical Supplies Market Size Was XXX Million $ & After COVID 19 Excepted to Grow at a X% & XXX Million $.
Who are the Top Key Players in the Global Medical Supplies Market and what are their priorities, strategies & developments?
Lists of Competitors in Research is: MEDTRONIC, CARDINAL HEALTH, BECTON, DICKINSON, JOHNSON & JOHNSON, B. BRAUN MELSUNGEN, BOSTON SCIENTIFIC, THERMO FISHER SCIENTIFIC, BAXTER INTERNATIONAL, HALYARD HEALTH, 3M ,
What are the Types & Applications of the Global Medical Supplies Market?
Application’s cover in these Reports Is: Hospital, Clinic, Nursing Home
Types Cover in this Research: Diagnostic Products, Dialysis Consumables, Trauma Care Consumables, Radiation Related Consumables, Infusion Related Products ,
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All percent shares, breaks, and classifications were determined using the secondary sources and confirmed through the primary sources. All parameters that may affect the market covered in this study have been extensively reviewed, researched through basic investigations, and analyzed to obtain final quantitative and qualitative data. This has been the study of key quantitative and qualitative insights through interviews with industry experts, including CEOs, vice presidents, directors and marketing executives, as well as annual and financial reports from top market participants.
Table of Content:
1 Report Summary
1.1 Research Scope
1.2 Key Market Segments
1.3 Target Player
1.4 Market Analysis by Type Diagnostic Products, Dialysis Consumables, Trauma Care Consumables, Radiation Related Consumables, Infusion Related Products ,
1.5 Market by Application Hospital, Clinic, Nursing Home
1.6 Learning Objectives
1.7 years considered
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2 Global Growth Trends
2.1 Global Global Medical Supplies Market Size
2.2 Trends of Global Medical Supplies Market Growth by Region
2.3 Corporate trends
3 Global Medical Supplies Market shares by key players
3.1 Global Medical Supplies Market Size by Manufacturer
3.2 Global Medical Supplies Market Key players Provide headquarters and local
3.3 Major Players Products / Solutions / Services
3.4 Enter the Barriers in the Global Medical Supplies Market
3.5 Mergers, acquisitions and expansion plans
JCMR global research and market intelligence consulting organization is uniquely positioned to not only identify growth opportunities but to also empower and inspire you to create visionary growth strategies for futures, enabled by our extraordinary depth and breadth of thought leadership, research, tools, events and experience that assist you for making goals into a reality. Our understanding of the interplay between industry convergence, Mega Trends, technologies and market trends provides our clients with new business models and expansion opportunities. We are focused on identifying the “Accurate Forecast” in every industry we cover so our clients can reap the benefits of being early market entrants and can accomplish their “Goals & Objectives”.