Global Medical Supplies Market Size, Trends & Growth Opportunity, By Type (Infusion Products, Wound Care Products, Blood Collection Tubes, Surgical Drapes, Dialysis Consumables, and Blood Glucose Tests Strips), By Application (Wound Care, Anesthesia, Sterilization, and Urology), By End User (Hospitals, Clinics, and Nursing Homes), By Region and Forecast till 2027
Report ID : IR100415 | Industries : Healthcare | Published On :May 2024 | Page Count : 238
Global Medical Supplies Market Size, Trends & Growth Opportunity, By Type (Infusion Products, Wound Care Products, Blood Collection Tubes, Surgical Drapes, Dialysis Consumables, and Blood Glucose Tests Strips), By Application (Wound Care, Anesthesia, Sterilization, and Urology), By End User (Hospitals, Clinics, and Nursing Homes), By Region and Forecast till 2027
Global Medical Supplies Market
Global Medical Supplies Market was valued at USD 138.40 billion in 2022 and is slated to reach at USD 163.50 billion by 2027 at a CAGR of 3.50% from 2022-2027.
Medical supplies are widely used in medical sector primarily due to necessity of infection-free medical processes. Medical supplies include Infusion Products, Wound Care Products, Blood Collection Tubes, Surgical Drapes, Dialysis Consumables, and Blood Glucose Tests Strips.
Market Drivers
Increase in prevalence of chronic diseases across the globe is key driving factor which is expected to boost the global medical supplies market growth. Furthermore, rise in number of surgical procedures and rise in demand for medical devices will positively contribute the market growth. Moreover, rise in collaboration and partnership activities by key players for development and manufacturing of medical supplies will drive the market growth in near future. In addition to that, increase in medical tourism by patients in various regions will propel the market growth during this forecast period.
Market Restraints
However, product recalls stringent regulatory requirements for approval of medical supplies are challenging factors which are expected to hinder the global medical supplies market growth during this forecast period.
Impact of COVID-19
The COVID-19 pandemic is anticipated to have a substantial effect on the market. Hospitals are increasingly using personal protection equipment (PPE), hypodermic products, sterilisation consumables, wound care consumables, radiology consumables, infection control supplies, infusion products, intubation and ventilation supplies, and other medical supplies to assist COVID-19 and suspected COVID-19 patients. This is primarily because respiratory infections are the most frequent source of difficulties related to asthma, and medical supplies can assist in providing relief. In addition, elderly adults are more susceptible to respiratory illnesses such chronic obstructive pulmonary disease (COPD), sleep apnea, and the COVID-19 due to a number of causes, including the steady reduction of immunological function.
Recent development
The approval of the LAMIRA Medical Supplies System for the supply of Insmed's pharmaceutical product ARIKAYCE in Japan was announced by PARI Pharma GmbH in March 2021.
AireHealth stated in December 2020 that the US Food and Drug Administration has approved its connected medical supplies (FDA). The portable, vibrating mesh device is a medical supply used to nebulize liquid drugs for patients to inhale both inside and outside the house.
The OMRON NE C106, a new compressor medical supply from OMRON Healthcare, will go on sale in India in July 2020.
Market Segmentation
Global Medical Supplies Market is segmented into type such as Infusion Products, Wound Care Products, Blood Collection Tubes, Surgical Drapes, Dialysis Consumables, and Blood Glucose Tests Strips, by application such as Wound Care, Anesthesia, Sterilization, and Urology. Further, market is segmented into end user such as Hospitals, Clinics, and Nursing Homes.
Regional Analysis
Also, Global Medical Supplies Market is segmented into five regions such as North America, Latin America, Europe, Asia Pacific, and Middle East & Africa.
Market Key Players
Various key players are discussed in this report such as 3M Company, Thermo Fisher Scientific Inc., Johnson & Johnson, Boston Scientific Corporation, B. Braun Melsungen AG, Boston Scientific Corporation, Baxter International Inc, and Halyard Health, Inc
Market Taxonomy
By Type
• Infusion Products
• Wound Care Products
• Blood Collection Tubes
• Surgical Drapes
• Dialysis Consumables
• Blood Glucose Tests Strips
By Application
• Wound Care
• Anesthesia
• Sterilization
• Urology
By End User
• Hospitals
• Clinics
• Nursing Homes
By Region
• North America
• Latin America
• Europe
• Asia Pacific
• Middle East & Africa
Key Questions Addressed by the Report
• What are the Key Opportunities in Global Medical Supplies Market?
• What will be the growth rate from 2022 to 202 7?
• Which segment/region will have highest growth?
• What are the factors that will impact/drive the Market?
• What is the competitive Landscape in the Industry?
• What is the role of key players in the value chain?
• What are the strategies adopted by key players?
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Global Medical Supplies Market TOC:
1 Introduction
1.1 Objective of the Study
1.2 Market definition
1.3 Market Scope
2 Research Typeology
2.1 Data Mining
2.2 Validation
2.3 Primary Interviews
2.4 List of Data Sources
3 Executive Summary
4 Global Medical Supplies Market Outlook
4.1 Overview
4.2 Market Dynamics
4.2.1 Drivers
4.2.2 Restraints
4.2.3 Opportunities
4.3 Porters Five Force Model
4.4 Value Chain Analysis
5 Global Medical Supplies Market, By Type
5.1 Y-o-Y Growth Comparison, By Type
5.2 Global Medical Supplies Market Share Analysis, By Type
5.3 Global Medical Supplies Market Size and Forecast, By Type
5.3.1 Infusion Products
5.3.2. Wound Care Products
5.3.3. Blood Collection Tubes
5.3.4. Surgical Drapes
5.3.5. Dialysis Consumables
5.3.6.Blood Glucose Tests Strips
6 Global Medical Supplies Market , By Application
6.1 Y-o-Y Growth Comparison, By Application
6.2 Global Medical Supplies Market Share Analysis, By Application
6.3 Global Medical Supplies Market Size and Forecast, By Application
6.3.1 Wound Care
6.3.2 Anaesthesia
6.3.3. Sterilization
6.3.4. Urology
7 Global Medical Supplies Market, End User
7.1 Y-o-Y Growth Comparison, End User
7.2 Global Medical Supplies Market Share Analysis, End User
7.3 Global Medical Supplies Market Size and Forecast, End User
7.3. 1 Hospital
7.3.2 Clinics
7.3.3. Nursing Homes
8Global Medical Supplies Market, By Region
8.1 Global Medical Supplies Market Share Analysis, By Region
8.2 Global Medical Supplies Market Share Analysis, By Region
8.3 Global Medical Supplies Market Size and Forecast, By Region
9 North America Medical Supplies Market Analysis and Forecast (2022 – 2027)
9.1 Introduction
9.2 North America Medical Supplies Market Share Analysis, By Type
9.3 North America Medical Supplies Market Size and Forecast, By Application
9.4 North America Medical Supplies Market Size and Forecast, End User
9.5 North America Medical Supplies Market Size and Forecast, By Country
9.5.1 U.S.
9.5.2 Canada
9.5.3 Mexico
10EuropeMedical Supplies Market Analysis and Forecast (2022 – 2027)
10.1 Introduction
10.2 Europe Medical Supplies Market Share Analysis, By Type
10.3 Europe Medical Supplies Market Size and Forecast, By Application
10.4 Europe Medical Supplies Market Size and Forecast, End User
10.5 Europe Medical Supplies Market Size and Forecast, By Country
10.5.1 Germany
10.5.2 France
10.5.3 UK
10.54. Rest of Europe
11Asia Pacific Medical Supplies Market Analysis and Forecast (2022 – 2027)
11.1 Introduction
11.2 Asia Pacific Medical Supplies Market Share Analysis, By Type
11.3 Asia Pacific Medical Supplies Market Size and Forecast, By Application
11.4 Asia Pacific Medical Supplies Market Size and Forecast, End User
11.5 Asia Pacific Medical Supplies Market Size and Forecast, By Country
11.5.1 China
11.5.2 Japan
11.5.3 India
11.5.4. Rest of Asia Pacific
12Latin America Medical Supplies Market Analysis and Forecast (2022 – 2027)
12.1 Introduction
12.2 Latin America Medical Supplies Market Share Analysis, By Type
12.3 Latin America Medical Supplies Market Size and Forecast, By Application
12.4 Latin America Medical Supplies Market Size and Forecast, End User
12.5 Latin America Medical Supplies Market Size and Forecast, Country
13Middle East Medical Supplies Market Analysis and Forecast (2022 – 2027)
13.1 Introduction
13.2 Middle East Medical Supplies Market Share Analysis, By Type
13.3 Middle East Medical Supplies Market Size and Forecast, By Application
13.4 Middle East Medical Supplies Market Size and Forecast, End User
13.5 Middle East Medical Supplies Market Size and Forecast, By Country
14Competitive Analysis
14.1 Competition Dashboard
14.2 Market share Analysis of Top Vendors
14.3 Key Development Strategies
15Company Profiles
15.1 3M Company
15.1.1 Overview
15.1.2 Offerings
15.1.3 Key Financials
15.1.4 Business Segment & Geographic Overview
15.1.5 Key Market Developments
15.1.6 Key Strategies
15.2. Thermo Fisher Scientific Inc
15.2.1 Overview
15.2.2 Offerings
15.2.3 Key Financials
15.2.4 Business Segment & Geographic Overview
15.2.5 Key Market Developments
15.2.6 Key Strategies
15.3 Johnson & Johnson
15.3.1 Overview
15.3.2 Offerings
15.3.3 Key Financials
15.3.4 Business Segment & Geographic Overview
15.3.5 Key Market Developments
15.3.6 Key Strategies
15.4 Boston Scientific Corporation
15.4.1 Overview
15.4.2 Offerings
15.4.3 Key Financials
15.4.4 Business Segment & Geographic Overview
15.4.5 Key Market Developments
15.4.6 Key Strategies
15.5 B. Braun Melsungen AG
15.5.1 Overview
15.5.2 Offerings
15.5.3 Key Financials
15.5.4 Business Segment & Geographic Overview
15.5.5 Key Market Developments
15.5.6 Key Strategies
15.6 Boston Scientific Corporation
15.6.1 Overview
15.6.2 Offerings
15.6.3 Key Financials
15.6.4 Business Segment & Geographic Overview
15.6.5 Key Market Developments
15.6.6 Key Strategies
15.7 Baxter International Inc
15.7.1 Overview
15.7.2 Offerings
15.7.3 Key Financials
15.7.4 Business Segment & Geographic Overview
15.7.5 Key Market Developments
15.7.6 Key Strategies
15.8 Halyard Health Inc
15.8.1 Overview
15.8.2 Offerings
15.8.3 Key Financials
15.8.4 Business Segment & Geographic Overview
15.8.5 Key Market Developments
15.8.6 Key Strategies