Global Medical Supplies Market to Witness High Demand Due to Rising Medical Tourism

Medical Supplies Market is forecasted to grow at 7.25% for 2019 to 2026 with factors such as strict rules & norms associated with the product approval and increasing rate of product recalls hampering the market growth.

Medical supplies market has shown a significant adoption rate and preferences from the North America and Asia- Pacific region. Increasing ageing population, improvement in healthcare infrastructure and rising medical tourism in the region are the factors for market growth.

Medical Supplies Market Scenario

According to Data Bridge Market Research the medical supplies market in developing regions is witnessing a growth in terms of its adoption rate, due to rising cases of hospital acquired infections, rising number of surgical procedures, increasing ageing population and improvement in healthcare infrastructure.

Now the question is which are the regions that medical supplies market players should target? Data Bridge Market Research has forecasted market leaders to target North America developing regions to help them in attaining better volume of revenue generation.

Medical supplies market is becoming more competitive every year with anesthesia currently being the largest market application for the forecasted period of 2019 to 2026. Data Bridge Market Research’s new report highlights the major growth factors and opportunities in the medical supplies market.

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Medical Supplies Market Development

Workhorse Group Inc announced that they have partnered with Unmanned Systems Operations Group, Inc. in October 2019, so that, together they can produce their first pilot drone delivery program for pharmacies and other healthcare providers with the help of Workhorse's HorseFly. This partnership will help both the companies to enhance their market position and expand their offerings.

Scope of the Medical Supplies Market

Medical supplies market on the basis countries is segmented into U.S., Canada, Mexico, Germany, Italy, U.K., France, Spain, Netherlands, Belgium, Switzerland, Turkey, Russia, Rest of Europe, Japan, China, India, South Korea, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia- Pacific, Brazil, Argentina, Rest of South America, South Africa, Saudi Arabia, UAE, Egypt, Israel, Rest of Middle East & Africa.

  • All country based analysis of the medical supplies market is further analyzed based on maximum granularity into further segmentation. On the basis of type, the market is segmented into diagnostic supplies, dialysis consumables, inhalation products, wound care consumables, radiology consumables, infection control supplies, infusion products, intubation & ventilation supplies, personal protection equipment (PPE), hypodermic products, sterilization consumables and other medical supplies. Based on application, the market is segmented into urology, wound care, radiology, anesthesia, sterilization, cardiology, ophthalmology and other applications. The end- users segment of the market is divided into hospitals, clinics/physician offices, assisted living centers & nursing homes, ambulatory surgery centers and other end users.
  • Medical supplies are those equipment and devices that the medical supply companies manufacture and distribute. Some of the common medical supplies are diagnostic and testing supplies and equipment, diabetic supplies, surgical supplies, home health care supplies, lifesaving equipment and others. They are widely used in application such as anesthesia, wound care, radiology, ophthalmology and other.

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Key Pointers Covered in the Medical Supplies Market Industry Trends and Forecast to 2026

  • Market Size
  • Market New Sales Volumes
  • Market Replacement Sales Volumes
  • Installed Base
  • Market By Brands
  • Market Procedure Volumes
  • Market Product Price Analysis
  • Market Healthcare Outcomes
  • Market Cost of Care Analysis
  • Regulatory Framework and Changes
  • Prices and Reimbursement Analysis
  • Market Shares in Different Regions
  • Recent Developments for Market Competitors
  • Market Upcoming Applications
  • Market Innovators Study

Key Market Competitors Covered in the report

  • Thermo Fisher Scientific
  • BD
  • Siemens
  • Boston Scientific Corporation
  • Stryker
  • Baxter
  • Medtronic
  • 3M
  • Zimmer Biomet
  • Johnson & Johnson Services Inc.
  • Cardinal Health
  • Koninklijke Philips N.V.
  • Novartis AG
  • B. Braun Melsungen AG
  • OSI Systems, Inc.
  • Welch Allyn
  • Fresenius Medical Care AG & Co. KGaA
  • Mindray DS USA, Inc.
  • MicroPort Scientific Corporation
  •  O&M Halyard
  • Asclepion Laser Technologies
  • AVITA Medical, Cynosure Inc.
  • Merz Pharma
  • WON TECH Co., Ltd.

Above are the key players covered in the report, to know about more and exhaustive list of medical supplies companies, contact us

Research Methodology: Global Medical Supplies Market

Data collection and base year analysis is done using data collection modules with large sample sizes. The market data is analysed and forecasted using market statistical and coherent models. Also market share analysis and key trend analysis are the major success factors in the market report. To know more please request an analyst call or can drop down your enquiry.

The key research methodology used by DBMR research team is data triangulation which involves data mining, analysis of the impact of data variables on the market, and primary (industry expert) validation. Apart from this, data models include Vendor Positioning Grid, Market Time Line Analysis, Market Overview and Guide, Company Positioning Grid, Company Market Share Analysis, Standards of Measurement, Top to Bottom Analysis and Vendor Share Analysis. To know more about the research methodology, drop in an inquiry to speak to our industry experts.

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