Medical Supplies Market Size, Segmentation, Global Research [2020-2027] | Emergen Research
Medical Supplies Market Size – USD 126.57 Billion in 2019, Market Growth - CAGR of 4.5%, Market trends –Outbreak of COVID-19 virus.
VANCOUVER, BC, CANADA, September 22, 2021 /EINPresswire.com/ -- 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.
The report on the Global Medical Supplies Market initially offers an in-depth overview of the Medical Supplies Market along with insights into the developments and advancements in the sector. The report offers a comprehensive overview of the regional and competitive landscape and provides a deeper insight into the current market scenario and future growth prospects. The research study also provides a complete analysis of the market drivers, restraints, limitations, threats, risks, and growth opportunities.
The study finds that how on certain account threats and challenges can act as a roadblock for the business. A thorough evaluation of the Medical Supplies market in the light of macro-environment such as social, political, economical as well as technological environment add granularity to the overall research. In addition, the study produces real-time data on vital aspects including sales, profits, gross margin and growth prospects to show how going forward the business will witness a substantial upswing.
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Rising focus by major companies on product/service expansion into new and untapped domestic markets, increasing investments in strategic agreements, favourable government policies and regulations, and growing competition in the market are some major trends observed in the Medical Supplies market. Development of more advanced offerings is driving rising demand and deployment in respective sectors/industries, and this is expected to drive Medical Supplies market revenue growth to a significant extent over the forecast period.
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.
The report offers a panoramic view of the competitive landscape of the industry and a detailed analysis of the key players of the market based on their revenue, profit margins, financial standing, global market position, R&D activities, and product portfolio. It also covers their strategic endeavors such as mergers and acquisitions, joint ventures, collaborations, partnerships, corporate and government deals, and product launches and brand promotions, among others. The 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.
Global Medical Supplies Market Segmentation based on Product Types and Application Spectrum:
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
End-User Outlook (Revenue, USD Billion; 2017-2027)
Hospitals
Clinics
Others
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Regional Analysis of the Medical Supplies Market Includes:
North America (U.S., Canada)
Europe (U.K., Italy, Germany, France, Rest of EU)
Asia Pacific (India, Japan, China, South Korea, Australia, Rest of APAC)
Latin America (Chile, Brazil, Argentina, Rest of Latin America)
Middle East & Africa (Saudi Arabia, U.A.E., South Africa, Rest of MEA)
The report offers a complete understanding of the Medical Supplies market in key regions with respect to regional production and consumption patterns, import/export, supply and demand dynamics, trends, growth prospects, and the presence of prominent players in each region. Each of the mentioned regions is analyzed based on the comprehensive market data obtained from the major countries of each region to impart a clear understanding of the market.
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The report provides an extensive forecast of the industry and its significant growth in the forecast years. The report provides important information regarding the sales volume, revenue forecast, market size, market share, and current and emerging market trends. Along with this, the report covers SWOT analysis, Porter’s Five Forces analysis, Feasibility analysis, and investment return analysis.
Table of Content
Chapter 1. Methodology & Sources
1.1. Medical Supplies Market Definition
1.2. Research Scope
1.3. Methodology
1.4. 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, 2021-2028
Chapter 3. Key Insights
Chapter 4. Medical Supplies Market Segmentation & Impact Analysis
4.1. Medical Supplies Market Material Segmentation Analysis
4.2. Industrial Outlook
4.2.1. Medical Supplies Market indicators analysis
4.2.2. Medical Supplies Market drivers analysis
4.2.2.1. Rapid urbanization and industrialization
4.2.2.2. Stringent government regulations regarding carbon emissions
4.2.2.3. Increasing prevalence of respiratory diseases
4.2.2.4. Rising need to enhance indoor air quality
4.2.3. Medical Supplies Market restraints analysis
4.2.3.1. High cost associated with the maintenance of Medical Supplies products
4.2.3.2. Availability of renewable sources of energy
4.3. Technological Insights
4.4. Regulatory Framework
4.5. Porter’s Five Forces Analysis
4.6. Competitive Metric Space Analysis
4.7. Price trend Analysis
4.8. Covid-19 Impact Analysis
Chapter 10. Competitive Landscape
10.1. Medical Supplies Market Revenue Share By Manufacturers
10.2. Mergers & Acquisitions
10.3. Competitor’s Positioning
10.4. Strategy Benchmarking
10.5. Vendor Landscape
10.5.1. Raw Material Suppliers
10.5.1.1. North America
10.5.1.2. Europe
10.5.1.3. Asia Pacific
10.5.1.4. Middle East & Africa
10.5.1.5. Latin America
10.5.2. Distributors
10.5.2.1. North America
10.5.2.2. Europe
10.5.2.3. Asia Pacific
10.5.2.4. Middle East & Africa
10.5.2.5. Latin America
10.5.3. Others
Continued….
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