The global medical supplies market size is expected to reach around US$ 186 billion by 2030 from US$ 130 billion in 2021 and is expected to grow at an impressive double-digit rate of 3.7% from 2021 to 2030.
The study includes drivers and restraints of this market. The study provides an analysis of the global medical supplies market for the period 2017-2030, wherein 2021 to 2030 is the forecast period and 2020 is considered as the base year.
The rising penetration of hospitals, clinics, intensive care units, and other diagnostic centers across the globe is the primary driver of the global medical supplies market. The growing prevalence of chronic diseases and rising number of road accidents is significantly boosting the consumption of the medical supplies. According to the World Health Organization, the road accidents are the major cause of injury and death among the population aged between 5 years to 29 years. Around 93% of the road accidents occur in the underdeveloped and developing economies.
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The growing demand for the diagnosis of various chronic diseases among the population is further fueling the demand for the medical supplies. According to the CDC, in 2019, there were 45 million outpatient surgeries, over 900 million physician visits, and 155 million emergency department visits in US. Moreover, the rising popularity of non-invasive surgeries among the population especially in the developed nations is propelling the demand for the medical supplies.
Scope of the Medical Supplies Market
| Report Coverage | Details |
| Market Size in 2021 | USD 130 billion |
| Growth Rate From 2021 to 2030 | CAGR of 3.7% |
| Fastest Growing Market | Asia Pacific |
| Largest Market | North America |
| Base Year | 2021 |
The lack of proper healthcare infrastructure in the underdeveloped markets and lower demand for the surgeries owing to low disposable income of the consumers are the major factors that limit the growth of the medical supplies market. The stringent government regulations pertaining the medical supplies and good manufacturing practices are the major challenges faced by the market players.
Based on the region, North America dominated the global medical supplies market in 2020. The rising prevalence of various chronic diseases in US and Canada is significantly contributing towards the increased consumption of the medical supplies. Increasing prevalence of chronic diseases, rising geriatric population, increased healthcare expenditure, developed healthcare infrastructure, and increasing demand for the surgeries among the population are several prominent factors that may be held accountable for the increased demand for the medical supplies in North America. The higher penetration and adoption of health and medical insurance policies among the population encourages the people to go for the surgery treatment, which drives the growth of the global medical supplies market in the region.
Asia Pacific is estimated to be the most opportunistic market during the forecast period. This can be attributed to the increased government investments in the development of the sophisticated healthcare infrastructure in the region. The rising popularity of non-invasive surgeries and growing adoption of health and medical insurance among the population is positively impacting the market. Further, the increasing number of diagnostic centers and private clinics in the region is further fueling the market demand. Moreover, the increased number of road accident cases is a major factor that may significantly drive the demand for the medical supplies in Asia Pacific during the forecast period.
Based on type, the catheters segment dominated the market in 2020. This is due to the rising geriatric population and rise in the number of diabetic population. The chronic diseases such as diabetes, stroke, dementia, and chronic obstructive pulmonary disease can cause urinary incontinence. According to the WHO, urinary incontinence is prevalent among 9.9% to 36.1% of the population. It is twice higher in older women as compared to that of older men. Urinary incontinence is the primary driver of the catheters segment in the global medical supplies market.
Based on the application, the wound care segment is estimated to be the most opportunistic segment during the forecast period. The rising cases of road traffic accidents is expected to be the major driver of the wound care consumables. According to WHO, road accidents is one of the most prominent cause of death among the children and young adults aged between 5 years to 29 years. Around 93% of the road accidents are occurred in the low and middle income countries. Hence, this segment is expected to grow rapidly in the upcoming future.
Based on the end user, the hospitals segment dominated the market in 2020. The rising penetration of the hospitals in the developing and the developed nations has fostered the growth of this segment. The increased number of hospital admissions, and rising demand for the surgeries is fueling the consumption of the medical supplies across the globe. Moreover, developed healthcare infrastructure in the developed regions like Europe and North America played a crucial role in the growth of the medical supplies market. Moreover, rising government and corporate investments in the development of hospitals in the developing countries like India, China, and Brazil is expected to further fuel the demand for the medical supplies in the upcoming future.
Why should you invest in this report?
If you are aiming to enter the global medical supplies market, this report is a comprehensive guide that provides crystal clear insights into this niche market. All the major application areas for medical supplies are covered in this report and information is given on the important regions of the world where this market is likely to boom during the forecast period of 2021-2030, so that you can plan your strategies to enter this market accordingly.
Besides, through this report, you can have a complete grasp of the level of competition you will be facing in this hugely competitive market and if you are an established player in this market already, this report will help you gauge the strategies that your competitors have adopted to stay as market leaders in this market. For new entrants to this market, the voluminous data provided in this report is invaluable.
Some of the prominent players in the global medical supplies market include:
- 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
- Teleflex Incorporated
- Fresenius Medical Care AG & Co. KGaA
- Coloplast Group
- Cook Medical
- Merit Medical Systems
- Stryker
- Terumo Corporation
Market Segmentation:
By Type
- Diagnostic Supplies
- Infusion & Injectable Supplies
- Disinfectants
- PPE
- Sterilization Consumables
- Wound Care Consumables
- Dialysis Consumables
- Catheters
- Radiology Consumables
- Others
By Application
- Radiology
- Wound Care
- Cardiology
- Urology
- Respiratory
- Infection Control
- IVD
- Others
By End User
- Hospitals
- Clinics
- Others
Regional Analysis:
The geographical analysis of the global medical supplies market has been done for North America, Europe, Asia-Pacific, and the Rest of the World.
The North American Market is again segmented into the US, Canada, and Mexico. Coming to the European Market, it can be segmented further into the UK, Germany, France, Italy, Spain, and the rest. Coming to the Asia-Pacific, the global medical supplies Market is segmented into China, India, Japan, and Rest of Asia Pacific. Among others, the market is segmented into the Middle East and Africa, (GCC, North Africa, South Africa and Rest of the Middle East & Africa).
Key Questions Answered by the Report:
- What will be the size of the global medical supplies market in 2030?
- What is the expected CAGR for the medical supplies market between 2021 and 2030?
- Which are the top players active in this global market?
- What are the key drivers of this global market?
- How will the market situation change in the coming years?
- Which region held the highest market share in this global market?
- What are the common business tactics adopted by players?
- What is the growth outlook of the global medical supplies market?
TABLE OF CONTENT
Chapter 1. Introduction
1.1. Research Objective
1.2. Scope of the Study
1.3. Definition
Chapter 2. Research Methodology
2.1. Research Approach
2.2. Data Sources
2.3. Assumptions & Limitations
Chapter 3. Executive Summary
3.1. Market Snapshot
Chapter 4. Market Variables and Scope
4.1. Introduction
4.2. Market Classification and Scope
4.3. Industry Value Chain Analysis
4.3.1. Raw Material Procurement Analysis
4.3.2. Sales and Distribution Channel Analysis
4.3.3. Downstream Buyer Analysis
Chapter 5. COVID 19 Impact on Medical Supplies Market
5.1. COVID-19 Landscape: Medical Supplies Industry Impact
5.2. COVID 19 - Impact Assessment for the Industry
5.3. COVID 19 Impact: Global Major Government Policy
5.4. Market Trends and Opportunities in the COVID-19 Landscape
Chapter 6. Market Dynamics Analysis and Trends
6.1. Market Dynamics
6.1.1. Market Drivers
6.1.2. Market Restraints
6.1.3. Market Opportunities
6.2. Porter’s Five Forces Analysis
6.2.1. Bargaining power of suppliers
6.2.2. Bargaining power of buyers
6.2.3. Threat of substitute
6.2.4. Threat of new entrants
6.2.5. Degree of competition
Chapter 7. Competitive Landscape
7.1.1. Company Market Share/Positioning Analysis
7.1.2. Key Strategies Adopted by Players
7.1.3. Vendor Landscape
7.1.3.1. List of Suppliers
7.1.3.2. List of Buyers
Chapter 8. Global Medical Supplies Market, By Type
8.1. Medical Supplies Market, by Type Type, 2021-2030
8.1.1. Diagnostic Supplies
8.1.1.1. Market Revenue and Forecast (2019-2030)
8.1.2. Infusion & Injectable Supplies
8.1.2.1. Market Revenue and Forecast (2019-2030)
8.1.3. Disinfectants
8.1.3.1. Market Revenue and Forecast (2019-2030)
8.1.4. PPE
8.1.4.1. Market Revenue and Forecast (2019-2030)
8.1.5. Sterilization Consumables
8.1.5.1. Market Revenue and Forecast (2019-2030)
8.1.6. Wound Care Consumables
8.1.6.1. Market Revenue and Forecast (2019-2030)
8.1.7. Dialysis Consumables
8.1.7.1. Market Revenue and Forecast (2019-2030)
8.1.8. Catheters
8.1.8.1. Market Revenue and Forecast (2019-2030)
8.1.9. Radiology Consumables
8.1.9.1. Market Revenue and Forecast (2019-2030)
8.1.10. Others
8.1.10.1. Market Revenue and Forecast (2019-2030)
Chapter 9. Global Medical Supplies Market, By Application
9.1. Medical Supplies Market, by Application, 2021-2030
9.1.1. Radiology
9.1.1.1. Market Revenue and Forecast (2019-2030)
9.1.2. Wound Care
9.1.2.1. Market Revenue and Forecast (2019-2030)
9.1.3. Cardiology
9.1.3.1. Market Revenue and Forecast (2019-2030)
9.1.4. Urology
9.1.4.1. Market Revenue and Forecast (2019-2030)
9.1.5. Respiratory
9.1.5.1. Market Revenue and Forecast (2019-2030)
9.1.6. Infection Control
9.1.6.1. Market Revenue and Forecast (2019-2030)
9.1.7. IVD
9.1.7.1. Market Revenue and Forecast (2019-2030)
9.1.8. Others
9.1.8.1. Market Revenue and Forecast (2019-2030)
Chapter 10. Global Medical Supplies Market, By End User
10.1. Medical Supplies Market, by End User, 2021-2030
10.1.1. Hospitals
10.1.1.1. Market Revenue and Forecast (2019-2030)
10.1.2. Clinics
10.1.2.1. Market Revenue and Forecast (2019-2030)
10.1.3. Others
10.1.3.1. Market Revenue and Forecast (2019-2030)
Chapter 11. Global Medical Supplies Market, Regional Estimates and Trend Forecast
11.1. North America
11.1.1. Market Revenue and Forecast, by Type (2019-2030)
11.1.2. Market Revenue and Forecast, by Application (2019-2030)
11.1.3. Market Revenue and Forecast, by End User (2019-2030)
11.1.4. U.S.
11.1.4.1. Market Revenue and Forecast, by Type (2019-2030)
11.1.4.2. Market Revenue and Forecast, by Application (2019-2030)
11.1.4.3. Market Revenue and Forecast, by End User (2019-2030)
11.1.5. Rest of North America
11.1.5.1. Market Revenue and Forecast, by Type (2019-2030)
11.1.5.2. Market Revenue and Forecast, by Application (2019-2030)
11.1.5.3. Market Revenue and Forecast, by End User (2019-2030)
11.2. Europe
11.2.1. Market Revenue and Forecast, by Type (2019-2030)
11.2.2. Market Revenue and Forecast, by Application (2019-2030)
11.2.3. Market Revenue and Forecast, by End User (2019-2030)
11.2.4. UK
11.2.4.1. Market Revenue and Forecast, by Type (2019-2030)
11.2.4.2. Market Revenue and Forecast, by Application (2019-2030)
11.2.4.3. Market Revenue and Forecast, by End User (2019-2030)
11.2.5. Germany
11.2.5.1. Market Revenue and Forecast, by Type (2019-2030)
11.2.5.2. Market Revenue and Forecast, by Application (2019-2030)
11.2.5.3. Market Revenue and Forecast, by End User (2019-2030)
11.2.6. France
11.2.6.1. Market Revenue and Forecast, by Type (2019-2030)
11.2.6.2. Market Revenue and Forecast, by Application (2019-2030)
11.2.6.3. Market Revenue and Forecast, by End User (2019-2030)
11.2.7. Rest of Europe
11.2.7.1. Market Revenue and Forecast, by Type (2019-2030)
11.2.7.2. Market Revenue and Forecast, by Application (2019-2030)
11.2.7.3. Market Revenue and Forecast, by End User (2019-2030)
11.3. APAC
11.3.1. Market Revenue and Forecast, by Type (2019-2030)
11.3.2. Market Revenue and Forecast, by Application (2019-2030)
11.3.3. Market Revenue and Forecast, by End User (2019-2030)
11.3.4. India
11.3.4.1. Market Revenue and Forecast, by Type (2019-2030)
11.3.4.2. Market Revenue and Forecast, by Application (2019-2030)
11.3.4.3. Market Revenue and Forecast, by End User (2019-2030)
11.3.5. China
11.3.5.1. Market Revenue and Forecast, by Type (2019-2030)
11.3.5.2. Market Revenue and Forecast, by Application (2019-2030)
11.3.5.3. Market Revenue and Forecast, by End User (2019-2030)
11.3.6. Japan
11.3.6.1. Market Revenue and Forecast, by Type (2019-2030)
11.3.6.2. Market Revenue and Forecast, by Application (2019-2030)
11.3.6.3. Market Revenue and Forecast, by End User (2019-2030)
11.3.7. Rest of APAC
11.3.7.1. Market Revenue and Forecast, by Type (2019-2030)
11.3.7.2. Market Revenue and Forecast, by Application (2019-2030)
11.3.7.3. Market Revenue and Forecast, by End User (2019-2030)
11.4. MEA
11.4.1. Market Revenue and Forecast, by Type (2019-2030)
11.4.2. Market Revenue and Forecast, by Application (2019-2030)
11.4.3. Market Revenue and Forecast, by End User (2019-2030)
11.4.4. GCC
11.4.4.1. Market Revenue and Forecast, by Type (2019-2030)
11.4.4.2. Market Revenue and Forecast, by Application (2019-2030)
11.4.4.3. Market Revenue and Forecast, by End User (2019-2030)
11.4.5. North Africa
11.4.5.1. Market Revenue and Forecast, by Type (2019-2030)
11.4.5.2. Market Revenue and Forecast, by Application (2019-2030)
11.4.5.3. Market Revenue and Forecast, by End User (2019-2030)
11.4.6. South Africa
11.4.6.1. Market Revenue and Forecast, by Type (2019-2030)
11.4.6.2. Market Revenue and Forecast, by Application (2019-2030)
11.4.6.3. Market Revenue and Forecast, by End User (2019-2030)
11.4.7. Rest of MEA
11.4.7.1. Market Revenue and Forecast, by Type (2019-2030)
11.4.7.2. Market Revenue and Forecast, by Application (2019-2030)
11.4.7.3. Market Revenue and Forecast, by End User (2019-2030)
11.5. Latin America
11.5.1. Market Revenue and Forecast, by Type (2019-2030)
11.5.2. Market Revenue and Forecast, by Application (2019-2030)
11.5.3. Market Revenue and Forecast, by End User (2019-2030)
11.5.4. Brazil
11.5.4.1. Market Revenue and Forecast, by Type (2019-2030)
11.5.4.2. Market Revenue and Forecast, by Application (2019-2030)
11.5.4.3. Market Revenue and Forecast, by End User (2019-2030)
11.5.5. Rest of LATAM
11.5.5.1. Market Revenue and Forecast, by Type (2019-2030)
11.5.5.2. Market Revenue and Forecast, by Application (2019-2030)
11.5.5.3. Market Revenue and Forecast, by End User (2019-2030)
Chapter 12. Company Profiles
12.1. Medtronic
12.1.1. Company Overview
12.1.2. Product Offerings
12.1.3. Financial Performance
12.1.4. Recent Initiatives
12.2. Cardinal Health, Inc.
12.2.1. Company Overview
12.2.2. Product Offerings
12.2.3. Financial Performance
12.2.4. Recent Initiatives
12.3. 3M
12.3.1. Company Overview
12.3.2. Product Offerings
12.3.3. Financial Performance
12.3.4. Recent Initiatives
12.4. Johnson & Johnson
12.4.1. Company Overview
12.4.2. Product Offerings
12.4.3. Financial Performance
12.4.4. Recent Initiatives
12.5. BD
12.5.1. Company Overview
12.5.2. Product Offerings
12.5.3. Financial Performance
12.5.4. Recent Initiatives
12.6. Johnson & Johnson
12.6.1. Company Overview
12.6.2. Product Offerings
12.6.3. Financial Performance
12.6.4. Recent Initiatives
12.7. Boston Scientific Corporation
12.7.1. Company Overview
12.7.2. Product Offerings
12.7.3. Financial Performance
12.7.4. Recent Initiatives
12.8. Thermo Fisher Scientific, Inc.
12.8.1. Company Overview
12.8.2. Product Offerings
12.8.3. Financial Performance
12.8.4. Recent Initiatives
12.9. Baxter International, Inc.
12.9.1. Company Overview
12.9.2. Product Offerings
12.9.3. Financial Performance
12.9.4. Recent Initiatives
12.10. Avanos Medical, Inc.
12.10.1. Company Overview
12.10.2. Product Offerings
12.10.3. Financial Performance
12.10.4. Recent Initiatives
12.11. Smith & Nephew
12.11.1. Company Overview
12.11.2. Product Offerings
12.11.3. Financial Performance
12.11.4. Recent Initiatives
12.12. ConvaTec Group Plc.
12.12.1. Company Overview
12.12.2. Product Offerings
12.12.3. Financial Performance
12.12.4. Recent Initiatives
12.13. Abbott
12.13.1. Company Overview
12.13.2. Product Offerings
12.13.3. Financial Performance
12.13.4. Recent Initiatives
Chapter 13. Research Methodology
13.1. Primary Research
13.2. Secondary Research
13.3. Assumptions
Chapter 14. Appendix
14.1. About Us
14.2. Glossary of Terms
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