Global Medical Supplies Market is registering a
substantial CAGR of 7.25% in the forecast period of 2019-2026. The report
contains data from the base year of 2018 and the historic year of 2017. The
rise in the market can be attributed due to the surge in various factors such
as rise in the number of accidents, increase in the frequency of communicable
disease and the rising rate of hospitals is contributing to the growth of the
market.
Some
of the major market competitors currently working in the global medical
supplies market are Thermo Fisher Scientific, GENERAL ELECTRIC, BD, Siemens,
Boston Scientific Corporation, Stryker, Baxter, Medtronic, 3M, Zimmer Biomet,
Johnson & Johnson Services Inc., Cardinal Health, Koninklijke Philips N.V.,
Novartis AG, B. Braun Melsungen AG, OSI Systems, Inc., Welch Allyn, Fresenius
Medical Care AG & Co. KGaA, Mindray DS USA, Inc., MicroPort Scientific
Corporation, O&M Halyard, Asclepion Laser Technologies, AVITA Medical,
Cynosure Inc., Merz Pharma and WON TECH Co., Ltd. among others.
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Market
Definition:
Medical
supplies are the device and instruments which are being manufactured and
distributed by the medical supplies companies. The products can be one-time use
products also. The medical supplies are usually used in the hospitals, assisted
living centers & nursing homes, ambulatory surgery centers and clinics. The
medical instruments which are mostly used in the medical industry are, blood
processing devices, monitoring systems and wound care instruments. The advent
of technologies had brought various advancements and innovation in the medical
devices and instruments.
Market
Drivers
- The surging incidences of
diseases globally is driving the market growth
- The rise in elderly population
is boosting the market growth
- The surging incidences of
hospital-acquired infections is propelling the market growth
- The rise in the rate of
surgical procedures is fueling the market growth
- The rise in the rate of
accidents and injuries is driving the growth of the market
Market
Restraints
- The stringent regulatory
requirements and compliances for various medical supplies is hindering the
market growth
- The increasing rate of product
recalls has hampered the market growth
Segmentation:
Global Medical Supplies Market
By
Type
- Diagnostic Supplies
- Glucose Monitoring Strips
- Blood Collection Consumables
- Diagnostic Catheters
- Dialysis Consumables
- Peritoneal Dialysis
Consumables
- Hemodialysis Consumables
- Inhalation Products
- Wound Care Consumables
- Dressings
- Sutures
- Other Wound Care Consumables
- Radiology Consumables
- Contrast Media
- Other Radiology Consumables
- Infection Control Supplies
- Disinfectants
- Medical Nonwovens
- Cleansing Agents
- Infusion Products
- Intubation & Ventilation
Supplies
- Personal Protection Equipment
(PPE)
- Hand & Arm Protection
Equipment
- Eye & Face Protection
Equipment
- Head Protection Equipment
- Foot & Leg Protection
- Other Protection Equipment
- Hypodermic Products
- Sterilization Consumables
- Detergents
- Sterilization Indicators
- Pouches
- Lubricants
- Sterilization Accessories
- Other Medical Supplies
By
Application
- Urology
- Wound Care
- Radiology
- Anesthesia
- Sterilization
- Cardiology
- Ophthalmology
- Other Applications
By
End User
- Hospitals
- Clinics/Physician Offices
- Assisted Living Centers &
Nursing Homes
- Ambulatory Surgery Centers
- Other End Users
By
Geography
- North America
- South America
- Europe
- Asia-Pacific
- Middle East and Africa
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Key
Developments in the Market:
- In May 2019, DHL International
GmbH had launched a service logistics solution for the medical device
sector which integrate field inventory into single locations and employ
quality management systems which can provide traceability and better
control of valuable products. This launch has expanded the reach of the
company and expanded its market share.
- In May 2019, Medikabazaar had
launched AI, ML-based procurement planning application. This application
will help in managing the stock of medical supplies and will help in the
purchases and will reduce the unnecessary cost incurred in managing
inventory. This launch will expand the company portfolio as well as expand
its market share in the medical supplies market.
Competitive
Analysis:
Medical
supplies market is highly fragmented and the major players have used various
strategies such as new product launches, expansions, agreements, joint
ventures, partnerships, acquisitions, and others to increase their footprints
in this market. The report includes market shares of medical supplies market
for Global, Europe, North America, Asia-Pacific, South America and Middle East
& Africa.
Reasons
to Purchase this Report
- Current and future of global
medical supplies market outlook in the developed and emerging markets
- The segment that is expected to
dominate the market as well as the segment which holds highest CAGR in the
forecast period
- Regions/Countries that are
expected to witness the fastest growth rates during the forecast period
- The latest developments, market
shares, and strategies that are employed by the major market players
Customization
of the Report:
- All segmentation provided above
in this report is represented at country level
- All products covered in the
market, product volume and average selling prices will be included as
customizable options which may incur no or minimal additional cost
(depends on customization)
Table
of Contents:
- Introduction
- Market Segmentation
- Market Overview
- Executive Summary
- Premium Insights
- Global, By Component
- Product Type
- Delivery
- Industry Type
- Geography
10.1.
Overview
10.2.
North America
10.3.
Europe
10.4.
Asia-Pacific
10.5.
South America
10.6.
Middle East & Africa
- Company Landscape
- Company Profiles
- Related Reports
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