Description
Market Overview
The impact of COVID-19 on the global market for medical supplies is expected to reach USD XXXX billion by 2030 from an estimated value of USD 78 billion in 2019, growing at a CAGR of 17.4 per cent over the forecast period. The medical supply market is driven mainly by increased awareness of environmental & personal hygiene leading to increased demand for disinfectants, expansion of healthcare facilities due to increased COVID 19 patients, increased demand for PPE kits & N95 masks worldwide, increased demand for ventilators, and increased demand for diagnostic supplies.
Medical Supplies Market: Segments
During the forecast period the disinfectant segment is projected to grow at the highest CAGR
The market is segmented into intubation and ventilation supplies, disinfectants, personal protective equipment, diagnostic supplies, supplies of sterilization, infusion and injection supplies, supplies of dialysis, supplies of wound care, supplies of radiology, and other medical supplies. During the forecast period the disinfectant segment is expected to grow at the highest rate. This may be due to the increasing demand for sanitizers and other disinfectants to protect people from coronavirus cross-contamination.
Medical Supplies Market: Drivers and Restraints
Drivers
The increase in demand fuels the medical supplies market
Owing to the spread of the COVID-19 pandemic, demand for N95 masks, PPE kits, and ventilators worldwide has increased. This surge in demand has a positive influence on the global market for medical supplies. The widespread disease has created a severe, front-line shortage of medical resources. This worldwide shortage of medical supplies has pushed numerous non-pharmaceutical companies into producing different medical products.
Restraint
Lockdown leading to transportation problem
During lockdown period everything being shut hinders the growth in the medical supplies market. The major problem is taking medical goods from one place to another in the COVID situation and most of the raw materials hard to occupy.
The Medical Supplies Market is further segmented by region into:
• North America Market Size, Share, Trends, Opportunities, Y-o-Y Growth, CAGR – United States and Canada
• Latin America Market Size, Share, Trends, Opportunities, Y-o-Y Growth, CAGR – Mexico, Argentina, Brazil and Rest of Latin America
• Europe Market Size, Share, Trends, Opportunities, Y-o-Y Growth, CAGR – United Kingdom, France, Germany, Italy, Spain, Belgium, Hungary, Luxembourg, Netherlands, Poland, NORDIC, Russia, Turkey and Rest of Europe
• APAC Market Size, Share, Trends, Opportunities, Y-o-Y Growth, CAGR – India, China, South Korea, Japan, Malaysia, Indonesia, New Zealand, Australia and Rest of APAC
• MENA Market Size, Share, Trends, Opportunities, Y-o-Y Growth, CAGR – North Africa, Israel, GCC, South Africa and Rest of MENA
Medical Supplies Market: Key Market Players
• Medtronic plc (Ireland)
o Company Overview
o Business Strategy
o Key Product Offerings
o Financial Performance
o Key Performance Indicators
o Risk Analysis
o Recent Development
o Regional Presence
o SWOT Analysis
• 3M Company (U.S.)
• B. Braun Melsungen AG (Germany)
• Johnson & Johnson (U.S.)
• Boston Scientific Corporation (U.S.)
• Baxter International Inc. (U.S.)
• Halyard Health, Inc. (U.S.)
• Thermo Fisher Scientific Inc. (U.S.)
• Cook Medical (US)
• Merit Medical Systems (US)
• Stryker (US)
• Terumo Corporation (Japan)
• Other Prominent Players
The Medical Supplies Market report also contains analysis on:
By Type
• Diagnostic supplies
o Sample collection consumables
o Diagnostics catheters
• Disinfectants
• Intubation & ventilation supplies
• Personal protection equipment
• Sterilization supplies
• Infusion and injectable supplies
• Dialysis consumables
o Peritoneal dialysis consumables
o Hemodialysis consumables
• Wound care supplies
o Advanced wound dressings
o Surgical wound care
o Traditional wound care
• Radiology supplies
• Other medical supplies
By End User
• Hospitals
• Physician’s Offices/Clinics
• Other End Users
• Medical Supplies Market Dynamics
• Medical Supplies Market Size
• Supply & Demand
• Current Trends/Issues/Challenges
• Competition & Companies Involved in the Market
• Value Chain of the Market
• Market Drivers and Restraints
