Medical supplies market Research Report Information By Type (Infusion products, Blood collection tubes, Wound care products, Dialysis consumables, Surgical drapes, Adult incontinence products, and Blood glucose test strips), By Application (Urology, Wound care, Anesthesia, and Sterilization), By End User (Hospitals, Clinics, and Nursing homes), And By Region (North America, Europe, Asia-Pacific, And Rest Of The World) – Market Forecast Till 2030
The medical supplies market size was valued at USD 8.4 billion in 2021 and is projected to grow from USD 8.78 Billion in 2022 to USD 12.03 billion by 2030, exhibiting a compound annual growth rate (CAGR) of 4.6% during the forecast period (2022 – 2030). The increasing adoption of technologically advanced smart wearables and image-guided therapy systems coupled with the ongoing trends of accurate and real-time monitoring is anticipated to drive market growth.
The Global Medical Supplies Market refers to the industry that deals with the production, distribution, and trade of medical products and equipment. This market encompasses a wide range of products, including diagnostic equipment, medical devices, hospital supplies, and personal protective equipment (PPE). The demand for medical supplies is driven by the increasing prevalence of chronic diseases, aging populations, and advancements in medical technology. The global medical supplies market is highly competitive, with a large number of multinational corporations and regional players operating in the industry.
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The COVID-19 pandemic has had a significant impact on the Global Medical Supplies Market. The sudden and widespread outbreak of the virus led to a massive increase in demand for personal protective equipment (PPE) such as masks, gloves, gowns, and face shields. This resulted in a global shortage of PPE and other medical supplies, as manufacturers struggled to keep up with the demand. The pandemic also led to changes in the supply chain, as countries imposed export restrictions and delays in shipping due to the lockdown measures.
The global medical supplies market has been segmented into type, application, and end-user.
Based on the type, the market has been segmented into Infusion products, Blood collection tubes, Wound care products, Adult incontinence products and Blood glucose test strips
Based on the application, the market has been segmented into Urology, Wound care, Anesthesia and Sterilization
Based on the end-user, the market has been segmented into Hospitals, Clinics and Nursing homes
Some of the key market players are:
- 3M Company (U.S.)
- Medtronic plc (Ireland)
- Braun Melsungen AG (Germany)
- Boston Scientific Corporation (U.S.)
- Johnson & Johnson (U.S.)
- Thermo Fisher Scientific Inc (U.S.)
- Baxter International Inc (U.S.)
- Halyard Health Inc (U.S.)
Browse In-depth Market Research Report (84 Pages) on Medical Supplies: https://www.marketresearchfuture.com/reports/medical-supplies-market-2433
The largest region in the global medical supplies market is North America, which includes the United States and Canada. North America is a leading market for medical supplies due to the presence of a highly developed healthcare infrastructure, favorable government policies, and a high prevalence of chronic diseases. The region also has a large aging population, which is a major driver of demand for medical supplies.
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