The medical supplies market is expected to reach USD 136.63 Billion, at a CAGR of 6.8%.

The dialysis consumables segment is projected to register the highest CAGR during the forecast period. The major factors contributing to the growth of this market include increasing patient pool for renal diseases, rising incidence of diabetes and hypertension, growing the geriatric population, and increasing adoption of dialysis procedures over kidney transplantations.

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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 transplantations are also supporting the growth of this market.

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Medical supplies application in Urology, Wound Care, Anesthesia and Sterilization drives the growth of the medical supplies market

Urology

Urology is an important application segment in the medical supplies industry and has witnessed significant growth in recent years owing to the increasing incidence of kidney and urological conditions, and the rising geriatric population. The prevalence of urological and kidney diseases, such as chronic kidney disease (CKD), end-stage renal disease (ESRD), urinary tract infection (UTI), urinary stones, benign prostate hyperplasia (BPH), kidney cancer, and bladder cancer, is increasing across the globe. According to the Scottish Kidney Federation, over 500 million people across the globe suffer from some form of kidney disease.

Stringent Regulatory Requirements for the Approval of Medical Supplies is a major factor restraining the growth of the market. Regulatory authorities across the globe have laid down stringent regulations the approval and commercialization of medical supplies and consumables around the world. Regulatory bodies such as the U.S. Food and Drug Administration (FDA); the European Medical Device Directives (CE); and China Association for Medical Devices Industry (CAMDI) are responsible for the approval of medical supplies and consumables in the U.S., Europe, and China, respectively.

key players in the medical supplies market:

The key player includes Medtronic plc (Ireland), B. Braun Melsungen AG (Germany), Becton, Dickinson and Company (U.S.), Cardinal Health, Inc. (U.S.), Halyard Health, Inc. (U.S.), Johnson & Johnson (U.S.), Thermo Fisher Scientific Inc. (U.S.), Boston Scientific Corporation (U.S.), Baxter International Inc. (U.S.) and 3M Company (U.S.).

Medtronic plc (Ireland) held the leading position in the medical supplies market in 2015. The company focuses on product launches, acquisitions, and agreements to enhance its product portfolio. For instance, in April 2016, Medtronic plc launched the new Barrx 360 Express radiofrequency ablation (RFA) balloon catheter for the treatment of Barrett’s esophagus. In February 2016, Medtronic plc acquired Bellco (Italy), a privately held company, primarily involved in the development and production of hemodialysis treatment solutions. This acquisition expanded the dialysis product portfolio of the company

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