The Key Growth Elements in Detailed?
The increasing prevalence of chronic diseases across the globe, increasing government and corporate investments in healthcare projects and infrastructure development, rising demand for infection control measures to curb the occurrence of HAIs, and the rising demand for medical devices are driving the growth of the global medical supplies market. Moreover, the rising medical tourism and emerging markets are expected to offer significant growth opportunities to players operating in the diagnostic supplies market in the coming years.
Worldwide Growth Opportunities in Terms of Revenue:
The Global Medical Supplies Market is projected to grow from USD 133.5 billion by 2025 from USD 132.6 billion in 2020, at a CAGR of 4.6%.
Catheters accounted for the largest share of the medical supplies market.
By type, segmented into 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. The intubation & ventilation supplies segment is expected to grow at the highest growth rate during the forecast period. The growth of this segment is driven mainly by the rising prevalence of respiratory diseases such as asthma and COPD across the globe.
The other applications segment accounted for the largest market share in 2019
The applications market is categorized into urology, wound care, radiology, respiratory, infection control, cardiology, IVD, and other applications. The other applications segment held the largest market share in 2019, due to factors such as the increasing number of surgical procedures, rising prevalence of dental diseases, and the increasing focus on adhering to proper waste disposal methods.
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Regional Growth, Development and Demand Analysis:
The global medical supplies market is segmented into North America, Europe, the Asia Pacific, and the Rest of the World. In 2019, North America accounted for the largest market share, followed by Europe. The increasing incidence of COVID-19 in the US and the implementation of various supportive initiatives by the Canadian Government are the major factors driving the growth of the market in North America.
Major Key Players Mentioned in the research report are:
The prominent players operating in the global medical supplies market include 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), and Coloplast Group (Denmark).
Medtronic (US) is among the leaders in the global medical supplies market. The company has a strong medical disposables and consumables portfolio that includes wound care consumables (bandages, dressings, sponges, medical tapes, and adhesives), medication delivery disposables (needles, syringes, and cannulas), urology disposables (drainage bags and catheters), and blood and specimen collection consumables (collection syringes & needles and containers), among other products. The company focuses on organic growth strategies such as product launches and approvals to enhance its product portfolio. For instance, in February 2018, Medtronic plc launched the MiniMed Mio Advance infusion set.
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Recent Developments in Medical Supplies Market;
- In 2020, Baxter launched peri-strips dry with secure grip technology for reliable staple line reinforcement in surgical procedures.
- In 2020, Fresenius Medical Care AG & Co. KGaA inaugurated a EUR 30 million expansion of its transfusion and apheresis disposables plant in the Dominican Republic. The new space includes advanced production equipment, plasma kit assembly lines, and sterilization units that double the cleanroom and storage capacity. The site also includes a large warehouse.
According to the new market research report “COVID-19 impact on Medical Supplies Market by Type (Intubations, Personal Protective Equipment, Infusion, Radiology, Wound Care Supplies), End User (Hospitals, Clinics) – Global Forecast” published by MarketsandMarkets™.Revenue Growth Opportunities and Growth Drivers?The COVID-19 impact on the global medical supplies market is expected to reach USD ~100 billion by 2021 from an estimated value of USD ~78 billion in 2019, growing at a CAGR of ~13.4% during the forecast period.Growth Boosting Factors:Growing awareness for environmental & personal hygiene leading to rising demand of disinfectantsIncreasing number of emergency centers, hospital settings and ICUs during the PandemicIncreasing need of healthcare workers in hospitals and government camps & surveysIncreased demand of PPE kits and n95 masks globallyIncreasing demand of ventilation supplies for effective management of critical COVID-19 patientsIncreasing demand of diagnostic supplies for rapid diagnosis of COVID-19Browse 97 market data Tables and 20 Figures spread through 150 Pages and in-depth TOC – Request Research Sample Pages: https://www.marketsandmarkets.com/requestsampleNew.asp?id=158189339Market Segmentation in Detailed:Based on type, the medical supplies market is segmented into intubation and ventilation supplies, disinfectant, personal protective equipment, diagnostic supplies, sterilization supplies, infusion and injectable supplies, dialysis supplies, wound care supplies, radiology supplies, and other medical supplies.
The disinfectant segment is expected to grow at the highest CAGR during the forecast period.Based on end users, the market is segmented into hospitals, clinics, and other end-users.
The hospital segment is expected to grow at the highest CAGR owing to increasing demand for hospital beds and intensive care units in countries with the increasing incidence of COVID-19, increasing demand for specialized staff such as infectious disease experts providers, respiratory therapists, and physicians and nurses who can provide intensive and critical care, increased consumption of personnel protective equipment within the hospital premises; and the increasing support from government and non-government organization to combat with COVID-19 are the major factors driving the demand and uptake of medical supplies in hospitals growth.Download PDF Brochure: https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=158189339North America accounted for the largest share of the medical supplies market in 2020, followed by Europe.
The large share of this region is attributed mainly to a high number of positive COVID-19 cases and deaths in the US, a strong healthcare system, and the presence of many large hospitals.
Moreover, a large number of major global players are based in the US, owing to which the US can easily manufacture these devices.The prominent players in the medical supplies market are Medtronic plc (Ireland), Cardinal Health, Inc. (US), Becton, Dickson and Company (US), Johnson & Johnson (US), and B. Braun Melsungen AG (Germany), Fresenius Medical Care AG & Co. KGaA (Germany), Baxter International, Inc. (US), STERIS Corporation (US), Getinge Group (Sweden), Advanced Sterilization Products (US), 3M Company (US), Smith & Nephew (U.K.), Mölnlycke Health Care AB (Sweden), among others.
Medical supplies market is expected to witness market growth at a rate of 15.1% in the forecast period of 2021 to 2028.
Data Bridge Market Research report on medical supplies market provides analysis and insights regarding the various factors expected to be prevalent throughout the forecast period while providing their impacts on the market’s growth.
The rise in the demand for infection control measures to curb the occurrence of hospital-acquired infections is escalating the growth of medical supplies market.Medical supplies can be referred to as the instruments and device which are being produced and distributed by the medical supplies companies.
The products can be one-time use products also.Global Medical Supplies Market, By Type (Diagnostic Supplies, Dialysis Consumables, Inhalation Products, Wound Care Consumables, Radiology Consumables, Infection Control Supplies, Infusion Products, Intubation and Ventilation Supplies, Personal Protection Equipment (PPE), Hypodermic Products, Sterilization Consumables, Other Medical Supplies), Application (Urology, Wound Care, Radiology, Anesthesia, Sterilization, Cardiology, Ophthalmology, Other Applications), End User (Hospitals, Clinics/Physician Offices, Assisted Living Centres and Nursing Homes, Ambulatory Surgery Centres, Other End Users), and Country (U.S., Canada, Mexico, Germany, Italy, U.K., France, Spain, Netherland, Belgium, Switzerland, Turkey, Russia, Rest of Europe, Japan, China, India, South Korea, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific, Brazil, Argentina, Rest of South America, South Africa, Saudi Arabia, UAE, Egypt, Israel, Rest of Middle East & Africa) Industry Trends and Forecast to 2028.Major factors that are expected to boost the growth of the medical supplies market in the forecast period are the rise in the prevalence of diseases around the world.
Furthermore, the increase in the geriatric population is further anticipated to propel the growth of the medical supplies market.
Moreover, the growing in the rate of surgical procedures is further estimated to cushion the growth of the medical supplies market.
29-july-19This report studies the global Medical Supplies market status and forecast, categorizes the global Medical Supplies market size (value & volume) by manufacturers, type, application, and region.
This report focuses on the top manufacturers in North America, Europe, Japan, China, and other regions (India, Southeast Asia).
The major manufacturers covered in this report Johnson & Johnson Baxter Fresenius Boston Scientific Medtronic BD 3M Terumo Corporation B. Braun Smith & Nephew Abbott Request a Sample Copy of This Report: https://www.radiantinsights.com/research/global-medical-supplies-market-research-report-2018/request-sample Geographically, this report studies the top producers and consumers, focuses on product capacity, production, value, consumption, market share and growth opportunity in these key regions, covering North America Europe China Japan Southeast Asia India We can also provide the customized separate regional or country-level reports, for the following regions: North America United States Canada Mexico Asia-Pacific China India Japan South Korea Australia On the basis of product, this report displays the production, revenue, price, market share and growth rate of each type, primarily split into Injection�and�Infusion Wound�Care Blood�and�Dialysis Medical Implanting Material Disposable�Clothing Incontinence�Supplies Surgical�Supplies Others On the basis of the end users/applications, this report focuses on the status and outlook for major applications/end users, consumption (sales), market share and growth rate for each application, including Hospitals & Other Medical Institutions Home Healthcare & Nursing Home Others The study objectives of this report are: To analyze and study the global Medical Supplies capacity, production, value, consumption, status (2013-2017) and forecast (2018-2025); Focuses on the key Medical Supplies manufacturers, to study the capacity, production, value, market share and development plans in future.
To define, describe and forecast the market by type, application and region.
To analyze the global and key regions market potential and advantage, opportunity and challenge, restraints and risks.
To analyze the opportunities in the market for stakeholders by identifying the high growth segments.
This report aims to provide detailed insights into the global fluid management system market.
It provides valuable information on the type, procedure, application, and region in the market.
Download PDF Brochure: https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=153551158 Key Factors Driving Market Growth: The Growth in this fluid management market is driven by the increasing number of minimally invasive surgeries, increasing ESRD patient base, technological advancements in fluid management systems, and an increase in government funds and grants worldwide for endosurgical procedures, rising number of hospitals, and investments in endoscopy and laparoscopy facilities are driving the market.
The untapped potential in emerging markets and the rising use of single-use disposable devices and accessories are also expected to offer growth opportunities for players operating in the fluid management systems and accessories market.
Standalone fluid management systems are less expensive than integrated systems.
This is a major factor contributing to the high adoption of these products in hospitals, especially in developing countries.
The latest trending report Global Medical Supplies Market 2020 by Manufacturers Regions Type and Application Forecast to 2025 offered by DecisionDatabases.com is an informative study covering the market with detailed analysis.
The report will assist reader with better understanding and decision making.
The global Medical Supplies market size is expected to gain market growth in the forecast period of 2020 to 2025, with a CAGR of 3.7% in the forecast period of 2020 to 2025 and will expected to reach USD 116820 million by 2025, from USD 101060 million in 2019.The Medical Supplies market report provides a detailed analysis of global market size, regional and country-level market size, segmentation market growth, market share, competitive Landscape, sales analysis, impact of domestic and global market players, value chain optimization, trade regulations, recent developments, opportunities analysis, strategic market growth analysis, product launches, area marketplace expanding, and technological innovations.Browse the complete report and table of contents @ https://www.decisiondatabases.com/ip/48556-medical-supplies-industry-analysis-reportThe major players covered in Medical Supplies are:MEDTRONICBAXTER INTERNATIONALJOHNSON & JOHNSONCARDINAL HEALTHTHERMO FISHER SCIENTIFICBECTON, DICKINSON3MBOSTON SCIENTIFICB.
BRAUN MELSUNGENHALYARD HEALTH By Type, Medical Supplies market has been segmented into:Diagnostic ProductsDialysis ConsumablesTrauma Care ConsumablesRadiation Related ConsumablesInfusion Related ProductsBy Application, Medical Supplies has been segmented into:HospitalClinicNursing HomeThe report offers in-depth assessment of the growth and other aspects of the Medical Supplies market in important countries (regions), including:North America (United States, Canada and Mexico)Europe (Germany, France, UK, Russia and Italy)Asia-Pacific (China, Japan, Korea, India, Southeast Asia and Australia)South America (Brazil, Argentina, Colombia)Middle East and Africa (Saudi Arabia, UAE, Egypt, Nigeria and South Africa)Download Free Sample Report of Global Medical Supplies Market @ https://www.decisiondatabases.com/contact/download-sample-48556There are 14 Chapters to deeply display the Global Medical Supplies market.
1 Medical Supplies Market Overview 2 Company Profiles 3 Market Competition, by Players 4 Market Size by Regions 5 North America Medical Supplies Revenue by Countries 6 Europe Medical Supplies Revenue by Countries 7 Asia-Pacific Medical Supplies Revenue by Countries 8 South America Medical Supplies Revenue by Countries 9 Middle East & Africa Revenue Medical Supplies by Countries 10 Market Size Segment by Type 11 Global Medical Supplies Market Segment by Application 12 Global Medical Supplies Market Size Forecast (2021-2025) 13 Research Findings and Conclusion 14 Appendix Purchase the complete Global Medical Supplies Market Research Report @ https://www.decisiondatabases.com/contact/buy-now-48556Other Reports by DecisionDatabases.com:Global Medical Nutrition Market 2020 by Company, Regions, Type and Application, Forecast to 2025Global Medical Terminology Sharing Market 2020 by Company, Regions, Type and Application, Forecast to 2025Global Medical Carts Market 2020 by Manufacturers, Regions, Type and Application, Forecast to 2025About-Us:DecisionDatabases.com is a global business research reports provider, enriching decision makers and strategists with qualitative statistics.
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