Medical Supplies Market Size and Forecasts (2021 - 2031), Global and Regional Share, Trends, and Growth Opportunity Analysis

MARKET OVERVIEW

Medical supplies, commonly known as medical equipment, are used in healthcare settings for diagnosis and treatment of patients. Medical supplies comprise disposable products or one-time use products. These products are intended for single use only. The major market drivers in this sector are the growing population of geriatrics, rising number of patients with chronic diseases like cardiovascular, renal, diabetes, hypertension, and others.

MARKET SCOPE

The "Global Medical Supplies Market Analysis to 2031" is a specialized and in-depth study of the medical devices industry with a special focus on the global market trend analysis. The report aims to provide an overview of the medical supplies market with detailed market segmentation by type, application, end use, and geography. The report provides key statistics on the market status of the leading medical supplies market players and offers key trends and opportunities in the market.

MARKET SEGMENTATION

•  Based on type, the global medical supplies market is segmented into diagnostic supplies, infusion and injectable supplies, intubation and ventilation supplies, disinfectants, personal protective equipment, sterilization consumables, catheters, others.
  
•  Based on application, the global medical supplies market is segmented into urology, wound care, radiology, respiratory, infection control, cardiology, ivd, other applications.
  
•  On the basis of end use, the market is segmented into hospitals, clinics/physician offices, other end users.
  

MARKET DYNAMICS
Drivers

•  Rise in the surgical procedures.
  
•  Rise in the incidences of several chronic diseases resulting in longer hospital admissions.
  
•  Growing geriatric populace.
  

Restraints

•  The stringent regulatory requirement for the approval of medical supplies is the major restraining factor for this market.
  

REGIONAL FRAMEWORK

The report provides a detailed overview of the industry including both qualitative and quantitative information. It provides an overview and forecast of the global market based on various segments. It also provides market size and forecast estimates from the year 2021 to 2031 with respect to five major regions, namely; North America, Europe, Asia-Pacific (APAC), the Middle East and Africa (MEA), and South America. The medical supplies market by each region is later sub-segmented by respective countries and segments. The report covers the analysis and forecast of 18 countries globally along with the current trend and opportunities prevailing in the region.

The report analyzes factors affecting the market from both demand and supply side and further evaluates market dynamics affecting the marketduring the forecast period i.e., drivers, restraints, opportunities, and future trend. The report also provides exhaustive PEST analysis for all five regions namely; North America, Europe, APAC, MEA, and South America after evaluating political, economic, social and technological factors affecting the medical supplies market in these regions.

IMPACT OF COVID-19 ON MEDICAL SUPPLIES MARKET

COVID-19 first began in Wuhan (China) during December 2019 and since then it has spread at a fast pace across the globe. The US, India, Brazil, Russia, France, the UK, Turkey, Italy, and Spain are some of the worst affected countries in terms confirmed cases and reported deaths. The COVID-19 has been affecting economies and industries in various countries due to lockdowns, travel bans, and business shutdowns. Shutdown of various plants and factories has affected the global supply chains and negatively impacted the manufacturing, delivery schedules, and sales of products in global market. Few companies have already announced possible delays in product deliveries and slump in future sales of their products. In addition to this, the global travel bans imposed by countries in Europe, Asia-Pacific, and North America are affecting the business collaborations and partnerships opportunities.

Medical Supplies Market Report Analysis

Medical Supplies Market

• 
  CAGR (2023 - 2031)

  XX%
• Market Size 2023
  US$ XX Million
• Market Size 2031
  US$ XX Million

Report Coverage

• Market size and forecast at global, regional, and country levels for all the key market segments covered under the scope

• Key future trends
• Detailed PEST/Porter’s Five Forces and SWOT analysis

• Industry landscape and competition analysis & recent developments
• Detailed company profiles

• Global and regional market analysis covering key market trends, major players, regulations, and recent market developments

Key Players

• Medtronic
• Cardinal Health, Inc.
• BD
• Johnson & Johnson
• B. Braun Melsungen AG
• Boston Scientific Corporation
• Thermo Fisher Scientific, Inc.
• Baxter International, Inc.
• Avanos Medical, Inc.

Regional Overview

• North America
• Europe
• Asia-Pacific
• South and Central America
• Middle East and Africa

Market Segmentation

By Type

• Diagnostic Supplies
• Infusion and Injectable Supplies
• Intubation and Ventilation Supplies
• Disinfectants
• Personal Protective Equipment
• Sterilization Consumables
• Catheters

By Application

• Urology
• Wound Care
• Radiology
• Respiratory
• Infection Control
• Cardiology
• IVD
• Other Applications

By End User

• Hospitals
• Clinics/Physician Offices
• Other End Users

MARKET PLAYERS

The report covers key developments in the medical supplies market as organic and inorganic growth strategies. Various companies are focusing on organic growth strategies such as product launches, product approvals and others such as patents and events. Inorganic growth strategies activities witnessed in the marketwere acquisitions, and partnership & collaborations. These activities have paved way for the expansion of business and customer base of market players. The market payers from medical supplies market are anticipated to lucrative growth opportunities in the future with the rising demand for medical supplies in the global market.

The report also includes the profiles of key companies along with their SWOT analysis and market strategies in the medical supplies market. In addition, the report focuses on leading industry players with information such as company profiles, components, and services offered, financial information of the last 3 years, the key development in the past five years.

•  Medtronic
  
•  Cardinal Health, Inc.
  
•  BD
  
•  Johnson & Johnson
  
•  B. Braun Melsungen AG
  
•  Boston Scientific Corporation
  
•  Thermo Fisher Scientific, Inc.
  
•  Baxter International, Inc.
  
•  Avanos Medical, Inc.
  
•  3M
  

The Insight Partner's dedicated research and analysis team consist of experienced professionals with advanced statistical expertise and offer various customization options in the existing study.

Medical Supplies Market Report Scope