Medical Supplies Market 2022 Growth to Witness Steady Development During 2020 to 2030
Market Analysis
The global Medical Supplies Market size
was valued at USD 8.4 billion in 2021 and is projected to grow from USD 8.78
Billion in 2022 to USD 12.03 billion by 2030, exhibiting a compound annual
growth rate (CAGR) of 4.6% during the forecast period (2022 - 2030) as per the
latest Market Research Future (MRFR) report. Medical supplies, simply put, is
another term for medical equipment. It is of various types including consumable
medical supplies or disposable supplies, life-saving equipment, electronic
supplies, diabetic supplies, home healthcare
supplies,
surgical supplies, acute care supplies, durable medical equipment, diagnostic
and stats medical supplies & equipment, and many more. Every variety has
distinct features and characteristics which aid them in performing the task
that they are intended for. Medical supplies comprise of disposable or
single-use products that are used in every healthcare facility, including
nursing homes, clinics, and hospitals. It is categorized resting on its use and
applications.
Various factors are propelling the Medical Equipment and Supplies Industry Analysis. These factors,
according to the latest MRFR report, include rising geriatric population,
rising incidences of different diseases, increasing number of surgeries, rising
patient pool for renal diseases, and growing incidence of hypertension and
diabetes. Additional factors pushing market growth include the growing use of
dialysis procedures, availability of more effective and technologically
advanced products, increasing investments in the healthcare sector, increase in
surgery rates, increasing adoption of new surgical procedures, and growing
awareness about preventative care.
Key
Players
The Profiled
in the Medical Supplies Market Players report include
Thermo
Fisher Scientific Inc. (US), Halyard Health, Inc. (US), Baxter International
Inc. (US), Boston Scientific Corporation (US), Johnson & Johnson (US), B.
Braun Melsungen AG (Germany), 3M Company (US), and Medtronic plc (Ireland), among others.
Market Segmentation
The Market Research Future report
provides a wide segmental analysis of the stats medical supplies
& equipment based on type, application, and end
user.
·
Based on
type, the medical supplies market is
segmented into adult continence products, blood glucose test strips, surgical
drapes, dialysis consumables, wound care products, blood collection tubes,
infusion products, medical supplies
hospital trash bags, transporting medical
supplies, and others. Of these, the dialysis
consumables segment will have the largest share in the market over the forecast
period. It is predicted to grow at the highest CAGR owing to rising adoption of
dialysis procedures, growing geriatric population, rising incidence of
hypertension and diabetes, and rising patient pool for renal diseases.
·
Based on
application, the medical supplies market is
segmented into anesthesia, sterilization, wound care, and others. Of these, the
anesthesia segment will dominate the market over the forecast period. This is
owing to the rising cases of respiratory diseases and the rising number of
surgical procedures being performed across the world.
·
Based on
end user, the medical supplies market is
segmented into nursing homes, clinics, hospitals, and others. Of these, the
hospitals segment will lead the market over the forecast period. This is owing
to the rising incidences of chronic diseases worldwide, rising prevalence of
HAIs, and rising investment in healthcare systems.
Regional Analysis
Based on the region, the medical
supplies market report covers the latest trends and growth opportunities across
the Asia Pacific, North America, Europe, and the Rest of the World. Of these,
North America will spearhead the market over the forecast period. This is owing
to the wide accessibility of healthcare products and healthcare services in the
region. Besides, the rising emphasis on offering cost-competitive supplies and
increasing uptake of advanced technologies are also boosting the market
growth.
The medical supplies market in Europe
is predicted to have the second-largest share in the market over the forecast
period. This is owing to the region’s improving economic conditions, rising
healthcare expenditure, the presence of several key players, and the adoption
of advanced technologies.
The medical supplies market in the
APAC region is predicted to grow at the fastest pace over the forecast period.
This is owing to the developed economy in the region and the rapidly
proliferating healthcare industry. India, China, as well as Japan, are the key
contributors in this region.
February 2019: Momina Krepost AD (Bulgaria), a renowned local
medical supplies company has acquired Sopharma AD (Bulgaria), top drug
manufacturer and supplier of disposable medical goods.
Related Report-
https://tannda.net/read-blog/12243
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