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Allied Market Research

Medical Supplies Market: Global Opportunity Analysis and Industry Forecast, 2020–2027

A07584
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Dec 2020 | 41 Views
 
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COVID-19

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Medical supplies market is expected to witness growth in upcoming years due to factors such as rise in chronic and infectious diseases and increase in prevalence of epidemic and pandemic diseases across the globe.

Medical-Supplies

Medical supplies include disposable products or one -time use products that are used during the surgeries and other medical procedures. These products can be used only for a single time. Medical supplies are instruments and devices which are manufactured and distributed to healthcare facilities to ensure safety. It has usage in hospitals, nursing home, clinics, ambulatory surgery centers and assisted living centers. Medical instruments that are used as medical supplies include a blood processing devices, wound care instruments, monitoring instruments and personal protective equipment. Advancements made in the technology have contributed for innovation in the medical devices and instruments field.

Market scope and structure analysis:

                  Report Metric

                                           Details

  Market size available for years

  2019–2027

  Base year considered

  2019

  Forecast period

  2020–2027

  Forecast units

  Value (USD)

  Segments covered

   Type, Application, End User and Region.

  Geographies covered

North America (U.S. and Canada), Europe (Germany, UK, France, Spain, Italy and the Rest of Europe), Asia- Pacific (China, India, Japan, Australia and the Rest of Asia- Pacific), LAMEA (Brazil, South Africa, Saudi Arabia, Rest of LAMEA).

  Companies covered

Medtronic, Cardinal Health, Inc., BD , Johnson & Johnson, B. Braun Melsungen AG, Boston Scientific Corporation, Thermo Fisher Scientific, Inc, Baxter International, Inc, Avanos Medical, Inc., 3M, Smith & Nephew, ConvaTec Group Plc., Abbott, Cook Medical, Merit Medical Systems, Stryker, Terumo Corporation, Teleflex Incorporated, Fresenius Medical Care AG & Co. KGaA, and Coloplast Group.

 COVID-19 scenario analysis:

To take care of infected population, the demand for medical supplies is increasing. Respiratory support devices such as atomizer, life-support machine, oxygen generator, and monitor are among the majorly used medical devices in primary clinical treatment. Moreover, COVID-19 has led to a huge surge in demand for medical supplies such as personal protective equipment including masks, gloves, and protective eyeglasses. With rise in number of COVID-19 cases worldwide, the need for medical supplies keeps on rising among, both from healthcare professionals and civil population for precautionary measures. Manufacturers of these products have a chance to capitalize this increased demand of medical supplies to ensure adequate and continuous supply of personal protective equipment in the market. Considering these factors, COVID -19 is expected to have significant impact on the medical supplies market.

Top Impacting factors:

  • Factors such as rise in prevalence of chronic diseases across the world and increase in prevalence of epidemic and pandemic diseases is expected to boost the growth for the medical supplies market.
  • Increase in government and private investments into healthcare projects and infrastructure development are expected to drive the market growth in future.
  • Demand for controlling infection measures for hospital acquired infections and rise in rate of surgical procedures has increased the market growth for medical supplies.
  • Increased geriatric population and rise in road accidents and injuries is expected to boost the growth for the market.
  • However, factors such as stringent regulatory measures and compliances for medical supplies and increase in product recalls is expected to hamper the growth for the medical supplies market up to some extent during the forecast period. 

New Product Launch / News:

  • In 2020, Fresenius Medical Care AG & Co. KGaA made a USD 33.7 million expansion of its transfusion and apheresis disposables plant in the Dominican Republic. The new facility includes advanced production equipment, plasma kit assembly lines, and sterilization units that double the cleanroom and storage capacity. 
  • In June 2020, The African Union Commission received medical supplies from the Kingdom of Morocco that will boost the continental capacity to respond to the COVID-19 pandemic. 
  • In 2020, Apyx Medical Corporation, manufacturer of medical devices and supplies and the developer of Helium Plasma Technology, marketed and sold as Renuvion in the cosmetic surgery market and J-Plasma in the hospital surgical market,  announced that the Company has obtained regulatory approval to market and sell its Helium Plasma Technology products in five new countries.

Key Segments Covered:

                    Segments

                                    Sub-segments

  By Type

  • Diagnostic Supplies
  • Blood Collection Consumables
  • Other Sample Collection Consumables
  • Intubation & Ventilation Supplies
  • Infusion & Injectable Supplies
  • Disinfectants
  • Skin Disinfectants
  • Hand Disinfectants
  • Surface Disinfectants
  • Instrument Disinfectants
  • Personal Protective Equipment
  • Protective Clothing
  • Hand & Arm Protection Equipment
  • Eye & Face Protection Equipment
  • Foot & Leg Protection Equipment
  • Surgical Drapes
  • Other Protection Equipment
  • Sterilization Consumables
  • Wound Care Consumables
  • Surgical Wound Care
  • Traditional Wound Care
  • Advanced Wound Dressings
  • Dialysis Consumables
  • Hemodialysis Consumables
  • Peritoneal Dialysis Consumable
  • Radiology Consumables
  • Catheters
  • Intravenous Catheters
  • Cardiovascular Catheters
  • Urological Catheters
  • Specialty Catheters
  • Neurovascular Catheters
  • Sleep Apnea Consumables
  • Other Medical Supplies

 

 

  By Application

  • Wound Care
  • Radiology
  • Respiratory
  • Urology
  • Infection Control
  • Cardiology
  • IVD
  • Other Applications

  End Users

  • Hospitals
  • Clinics/Physician Offices
  • Other End Users

  Region

  • North America
  • U.S.
  • Canada
  • Mexico
  • Europe
  • Germany
  • France
  • UK
  • Spain
  • Italy
  • Rest of Europe
  • Asia-Pacific
  • China
  • India
  • Japan
  • Australia
  • Rest of Asia-Pacific
  • LAMEA
  • Brazil
  • South Africa
  • Saudi Arabia
  • Rest of LAMEA

Key benefits of the report:

  • This study presents the analytical depiction of the medical supplies market along with the current trends and future estimations to determine the investments.
  • The report presents information related to key drivers, restraints, and opportunities along with detailed analysis of the medical supplies market share.
  • The current market is quantitatively analyzed from 2020 to 2027 to highlight the market growth scenario.
  • Porter’s five forces analysis illustrates the potency of buyers & suppliers in the market. 
  • The report provides a detailed medical supplies market analysis based on competitive intensity and how the competition will take shape in coming years. 

Questions answered in the Medical Supplies Market Report: 

  • What are the leading market players active in the medical supplies market?
  • What the current trends will influence the market in the next few years?
  • What are the driving factors, restraints, and opportunities in the market?
  • What are the projections for the future that would help in taking further strategic steps?
  • What segments and region will drive the medical supplies market growth & why?
 
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