Medical Supplies Market Size, Share, Forecast 2022

1
Market Analysis The global medical supplies
market is predicted to touch USD 132 billion at a
notable CAGR over the forecast period
(2017-2022), 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 Supplies
Market. 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. 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. Key Players Leading players
profiled in the medical supplies market 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. Regional Analysis
2
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 regions 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. About US Market
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