Medical Supplies Market Size Forecasted to Reach Valuation of USD 180.89 Billion by 2027

The global medical supplies market is expected to be valued at USD 180.89 Billion by 2027, according to the research report by Emergen Research. This growth is attributable to the increasing occurrences of chronic diseases owing to unhealthy lifestyle habits, creating the need for improved demand for medical supplies. This demand is expected to remain same over the forecast period driving the growth of the global medical supplies market in coming years.

The medical supplies market is estimated to gain traction on account of several factors, such as increase in healthcare expenditure, coupled with robust technological advancements. Additionally, rise in injuries and wounds due to trauma, road injuries, and infectious diseases, are contributing in the demand for medical supplies. This demand is predicted to drive the growth of the global market during the forecast period.

In addition, rising risk of diseases, augmented by the ongoing COVID-19 pandemic, has boosted the demand for medical supplies. Rapidly increasing number of cases has led to shortage of ventilators and monitors, along with other supplies such as gloves, masks, and other protective measures. These all factors are contributing in the global medical supplies market.

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Key Highlights From Report

• The personal protective equipment sub-segment is estimated to witness growth in the coming years owing to increased level of awareness regarding worker’s health and safety. Furthermore, the rise in the number of deaths, especially in the emerging nations, is boosting demand for personal protective equipment, which is estimated to drive the segmental growth in coming years.
• Rising geriatric population base, which are at high risk for chronic wounds are projected to support the demand for advanced wound care.
• Regionally, the medical supplies market is dominated by Asia Pacific and is presumed to expand at a fastest CAGR over the foreseeable future. This regional growth is accredited to growth of the countries such as Japan, India, and China in terms of advancements and investments by prominent players in these countries.
• Key participants in the medical supplies market include Medtronic plc, Becton, Dickinson And Company, Cardinal Health, Inc., B. Braun, Melsungen Ag, Johnson & Johnson, Baxter International, Inc., Boston Scientific Corporation, 3M Company, Avanos Medical, Inc., and Abbott.

For the purpose of this report, Emergen Research has segmented the Global Medical Supplies Market based on type, application, end-user, and region:

• Type Outlook (Revenue, USD Billion; 2017-2027)
  • Diagnostic Supplies
    1. Blood Collection Consumables
    2. Other
  • Infusion & Injectable Supplies
  • Intubation & Ventilation Supplies
  • Disinfectants
    1. Hand Disinfectants
    2. Skin Disinfectants
    3. Surface Disinfectants
    4. Instrument Disinfectants
  • Personal Protective Equipment
    1. Hand & Arm Protection Equipment
    2. Eye & Face Protection Equipment
    3. Protective Clothing
    4. Foot & Leg Protection Equipment
    5. Surgical Drapes
    6. Other Protection Equipment
  • Sterilization Consumables
  • Wound Care Consumables
    1. Advanced Wound Dressings
    2. Surgical Wound Care
    3. Traditional Wound Care
  • Dialysis Consumables
    1. Hemodialysis Consumables
    2. Peritoneal Dialysis Consumables
  • Radiology Consumables
  • Catheters
    1. Cardiovascular Catheters
    2. Intravenous Catheters
    3. Urological Catheters
    4. Specialty Catheters
    5. Neurovascular Catheters
  • Sleep Apnea Consumables
  • Other Medical Supplies

• Application Outlook (Revenue, USD Billion; 2017-2027)
  • Urology
  • Wound Care
  • Radiology
  • Respiratory
  • Infection Control
  • Cardiology
  • IVD
  • Other Applications

• End-User Outlook (Revenue, USD Billion; 2017-2027)
  • Hospitals
  • Clinics
  • Others

• Regional Outlook (Revenue, USD Billion; 2017-2027)
  • North America
    1. U.S.
    2. Canada
  • Europe
    1. Germany
    2. U.K.
    3. France
    4. BENELUX
    5. Rest of Europe
  • Asia Pacific
    1. China
    2. Japan
    3. South Korea
    4. Rest of APAC
  • Latin America
    1. Brazil
    2. Rest of LATAM
  • Middle East & Africa
    1. Saudi Arabia
    2. U.A.E.
    3. Rest of MEA

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