Medical Supplies Market - Global Industry Analysis, Size, Share, Growth, Trends, and Forecast 2019 - 2028

  • Report ID : 100171
  • Category : Healthcare Technology
  • Pages : -----
  • Reporting status : Published Jan, 19
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Medical products are vital component of every veterinary, medical, and dental practice. There is an increased demand for medical supplies as large number of hospitals and outpatient facilities are increasingly adopting rigid infection prevention safety measures in order to meet firm standards. Some of the examples of medical supplies include conventional syringes with needles, blood glucose test strips, medical gloves, facemasks, prefilled syringes, isolation gowns, disposable contact lenses, procedure kits and trays, adult incontinence products, wound care products, surgical drapes, disposable medical catheters, and lancing devices. The medical disposable products are designed to decrease the discomfort and distress caused to the patients.

The global medical supplies market can be classified based on type, application, end user, and region. By type, the global medical supplies market is classified into diagnostic, dialysis, wound care, inhalation, infection control, infusion, intubation, PPE. Depending upon application, it is segmented into anesthesia, radiology, and sterilization. As per end-user, it is divided into hospitals, clinics, and nursing home.

The global medical supplies market is forecasted to grow at a rapid pace during the forecast period. Factors such as the rise in usage of medical supplies owing to increasing prevalence of diseases and disorders, presence of aging population and penalties for hospital acquired infection conditions are the major factors propelling the growth for global medical supplies market. Additionally, rise in the prevalence of incontinence problems is fuelling this market growth. However, the presence of substitute products as well as pressure of healthcare cost inhibition is the major factors hampering the growth for global medical supplies market.

The rising emphasis on prevention of infection in healthcare arena, usage of dry powder inhalers, blood glucose test strips, biological wound closures and intermittent urinary catheters would lead to the development of opportunity for global medical supplies market. The introduction of novel, higher and safety products and adoption of home healthcare products are the major trends in this medical supplies market.

Based on regions, the global medical supplies market is divided into North America, Europe, Asia-Pacific (APAC), Middle East & Africa (MEA), and Latin America. The North American region is anticipated to command the maximum market share and would lead the medical supplies market during the future period. The presence of a big geriatric population is major factor responsible for the large market share of this region. The Asia-Pacific region followed by the European nations is anticipated to showcase high growth rates in the future years in global disposable medical supplies market. Emerging economies such as China and India are expected to be the swiftly growing disposable medical supplies markets in Asia-Pacific region. The major factor propelling the growth of medical supplies market in emerging countries includes large patient pool and improving services pertaining to healthcare.

The major companies that provide medical supplies include Kimberly-Clark Corporation, B. Braun Melsungen AG, Becton Dickinson and Company, Johnson & Johnson, Bayer Healthcare AG, Roche Diagnostics Corporation and Abbott Diabetes Care Inc. among others.

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