The global Medical Supplies Market is forecasted to be worth USD 180.89 Billion by 2027, according to a current analysis by Emergen Research. The growing incidence of chronic diseases due to unhealthy lifestyle habits is expected to drive the demand for medical supplies over the forecast period.
The study has been conducted on the basis of inputs from the industry leaders. Thus, a conscious effort to dive deep and unearth hard to find information pertaining to the growing market landscape and growth prospects over the next few years is clearly visible in the study. The market intelligence report further comprises of discussions about the major vendors operating in the Medical Supplies space
The medical supplies market will witness significant growth owing to the rise in healthcare expenditure along with technological advancement in medical equipment. Other factors, such as the rise in trauma injuries, infectious diseases, and road injuries, are also expected to contribute to market demand. Another driving factor is the growth in diagnostic imaging centers and a surge in the number of people covered under insurance. The usage of advanced technologies through R&D affects the medical supplies market positively.
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Increasing development in the field of personalized medicine and the drug-device combination is a key contributing factor to the growth of the medical supplies market over the forecast period. Furthermore, the outbreak of the COVID-19 pandemic has also created a need for medical supplies. A rapid increase in the number of the patient has led to a shortage of ventilators, monitors, gloves, mask, and other supplies.
The Medical Supplies Market report, additionally, offers a comprehensive SWOT analysis and Porter’s Five Forces analysis to offer a better understanding of the competitive landscape of the industry. It also covers strategies adopted by prominent players such as mergers and acquisitions, collaborations, joint ventures, product launches, and brand promotions, among others. The report aims to offer the readers a holistic understanding of the relevant features of the industry.
Key participants include Medtronic Plc, Becton, Dickinson And Company, B. Braun Melsungen Ag, Cardinal Health, Inc., Johnson & Johnson, Boston Scientific Corporation, Baxter International, Inc., 3M Company, Abbott, and Avanos Medical, Inc., among others.
Knowing the trends influencing the industry performance
Stakeholders, marketing executives and business owners planning to refer a market research report can use this study to design their offerings and understand how competitors attract their potential customers and manage their supply and distribution channels. When tracking the trends researchers have made a conscious effort to analyze and interpret the consumer behaviour. Besides, the research helps product owners to understand the changes in culture, target market as well as brands so they can draw the attention of the potential customers more effectively.
The report further divides the Medical Supplies market into key segments such as types, applications, end-user industries, technologies, and key regions of the market. The report also sheds light on the segment and region exhibiting promising growth in the Medical Supplies market.
For the purpose of this report, Emergen Research has segmented into the global Medical Supplies Market on the type, application, end-user, and region:
Type Outlook (Revenue, USD Billion; 2017-2027)
Blood Collection Consumables
Infusion & Injectable Supplies
Intubation & Ventilation Supplies
Personal Protective Equipment
Hand & Arm Protection Equipment
Eye & Face Protection Equipment
Foot & Leg Protection Equipment
Other Protection Equipment
Wound Care Consumables
Advanced Wound Dressings
Surgical Wound Care
Traditional Wound Care
Peritoneal Dialysis Consumables
Sleep Apnea Consumables
Other Medical Supplies
Application Outlook (Revenue, USD Billion; 2017-2027)
End-User Outlook (Revenue, USD Billion; 2017-2027)
We provide detailed product mapping and investigation of various market scenarios. Our expert analysts provide a thorough analysis and breakdown of the market presence of key market leaders. We strive to stay updated with the recent developments and follow the latest company news related to the industry players operating in the global Medical Supplies market. This helps us to comprehensively analyze the individual standing of the companies as well as the competitive landscape. Our vendor landscape analysis offers a complete study to help you gain the upper hand in the competition.
North America (U.S., Canada)
Europe (U.K., Italy, Germany, France, Rest of EU)
Asia Pacific (India, Japan, China, South Korea, Australia, Rest of APAC)
Latin America (Chile, Brazil, Argentina, Rest of Latin America)
Middle East & Africa (Saudi Arabia, U.A.E., South Africa, Rest of MEA)
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Understanding the market size
The size of the Medical Supplies market is viewed in terms of the Share of Market, Total Available Market as well as Served Available Market. Not only does the study present the combined revenue for a particular market but also the market size for a specific geographic region. Analysis of percentage or the size of the Total Available Market based on the type of product, technology, regional constraints and others form an important part of the Medical Supplies report.
The research provides answers to the following key questions:
What will be the growth rate and the market size of the Medical Supplies industry for the forecast period 2021-2028?
What are the major driving forces expected to impact the development of the Medical Supplies market across different regions?
Who are the major driving forces expected to decide the fate of the industry worldwide?
Who are the prominent market players making a mark in the Medical Supplies market with their winning strategies?
Which industry trends are likely to shape the future of the industry during the forecast period 2021-2028?
What are the key barriers and threats believed to hinder the development of the industry?
What are the future opportunities in the Medical Supplies market?
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