The Medical Supplies Market by Type is expected to reach $ 136.63 billion, at a CAGR of 6.8%.
The Research report on Medical Supplies Market provides a detailed overview of the major drivers in the market restraints, challenges, opportunities, and strategies impacting the global market along with the estimates as well as forecasts of the revenue and market share analysis
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Medical Supplies Market by Type
Medical Supplies Market by Type include single-use or disposable products used in all healthcare facilities such as hospitals, clinics, and nursing homes. They are categorized based on their applications and usage in healthcare facilities. Some medical supplies such as hypodermic products and inhalation supplies are used in drug delivery procedures, whereas, sterilization and infection control supplies are used to prevent infections in healthcare settings.
The objectives of this study are as follows:
- To define, describe, and forecast the medical supplies market on the basis of type, application, end user, and region
- To provide detailed information regarding the major factors influencing growth of the market (drivers, restraints, opportunities, and challenges)
- To strategically analyze micro markets with respect to individual growth trends, future prospects, and contributions to the overall market
- To analyze the opportunities in the market for stakeholders and provide details of a competitive landscape for market leaders
- To forecast revenue of the market segments with respect to four main regional segments, namely, North America, Europe, Asia, and the Rest of the World (RoW)
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The increasing patient pool for renal diseases is the key driver for the global dialysis supplies market
According to Baxter International, Inc. (U.S.), 3.6 million dialysis and transplanted patients were reported in 2015; this is expected to reach over 4.6 million by 2020. In addition, in the U.S. alone, the number of ESRD cases is expected to reach 785,000 by 2020, due to the addition of ~151,000 patients per year, an increase of 60% as compared to 2005 [Source: The United States Renal Data System]. In addition, the increasing incidences of diabetes and hypertension; rising geriatric population; and increasing adoption of dialysis procedures over kidney transplantation are also supporting the growth of this market.
Medical Supplies Market by Type;
- Diagnostic Supplies
- Dialysis Consumables
- Inhalation Products
- Wound Care Consumables
- Radiology Consumables
- Infection Control Supplies
Growth in the Medical Supplies Market by Type is primarily driven by the increasing prevalence of chronic and infectious diseases, rising number of surgeries, growing geriatric population, and rising number of hospital-acquired infections (HAIs). However, strict and mandate regulatory requirements for the approval of medical supplies and rising number of product recalls are expected to hinder the growth of this market.
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