[150 Pages Report] The COVID-19 impact on Medical Supplies Market is expected to reach USD ~100 billion by 2021 from an estimated value of USD ~78 billion in 2019, growing at a CAGR of ~13.4% during the forecast period.

This study involved four major activities in estimating the current size of the COVID-19 impact on the medical supplies market. Exhaustive secondary research was carried out to collect information on the market, its peer markets, and its parent market. The next step was to validate these findings, assumptions, and sizing with industry experts across the value chain through primary research. Both top-down and bottom-up approaches were employed to estimate the complete market size. After that, market breakdown and data triangulation procedures were used to evaluate the size of segments and subsegments.

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The disinfectant segment is projected to grow at the highest CAGR during the forecast period

Based on products, the market is segmented into intubation and ventilation supplies, disinfectant, personal protective equipment, diagnostic supplies, sterilization supplies, infusion and injectable supplies, dialysis supplies, wound care supplies, radiology supplies, and other medical supplies. The disinfectant segment is expected to grow at the highest rate during the forecast period. This can be attributed to the increasing demand for sanitizers and other disinfectants to safeguard people from the cross-contamination of coronavirus.

In 2019, the hospital segment will drive the growth of the medical supplies market

Based on end-users, the medical supplies industry has been segmented into hospitals, clinics, and other end users. The hospital segment accounted for the largest share of the market in 2019 and expected to grow at the highest growth rate during the forecast period. The highest growth of this segment is attributed to the increasing demands for hospital beds and intensive care units, increasing demand for specialized staff in hospitals, increased consumption of personal protective equipment.

Recent Developments:

• In April 2020, Baxter received USFDA Emergency Use Authorization for Oxiris Blood Purification Filter for COVID-19 Treatment
• In Arizona, the US, SanTan Brewing, has repurposed its beer production line to manufacture hand sanitizer. In April 2020, SanTan began producing 400 gallons of medical-grade hand sanitizer for first responders and healthcare professionals.
• In New York (US), in March 2020, Pernod Ricard’s facility in Fort Smith, Ark. produced 1,000 gallons of hand sanitizer; it originally produced Malibu coconut rum and Seagram’s gin.

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North America accounted for the largest market share in 2020

North America accounted for the largest share of the medical supplies market in 2020, followed by Europe. The large share of this region is attributed mainly to a high number of positive COVID-19 cases and deaths in the US, a strong healthcare system, and the presence of many large hospitals. Moreover, a large number of major global players are based in the US, owing to which the US can easily manufacture these devices.

The prominent players in the medical supplies market are Medtronic plc (Ireland), Cardinal Health, Inc. (US), Becton, Dickson and Company (US), Johnson & Johnson (US), and B. Braun Melsungen AG (Germany), Fresenius Medical Care AG & Co. KGaA (Germany), Baxter International, Inc. (US), STERIS Corporation (US), Getinge Group (Sweden), Advanced Sterilization Products (US), 3M Company (US), Smith & Nephew (U.K.), Mölnlycke Health Care AB (Sweden), among others.

Overview: Medical Supplies Market

Medical supplies & equipment account for a high proportion of health care costs, impacting the quality of care significantly. Over the past few years, the healthcare sector is burgeoning, worldwide, mainly due to the increasingly prosperous population that demands high-quality care.  Along with the flourishing healthcare sector, the medical supplies market is too growing rapidly, witnessing the increasing demand in treatment and surgical procedures.

The global Medical Supplies Market Share Can be influenced by increasing investment and changing infrastructures in the market that can also assist the market in its attempt to touch a valuation of USD 132 Bn by 2022. The growth would find influencers to perform well and aid the market in achieving an impressive CAGR in between 2017 and 2022, which Market Research Future (MRFR) considers as the forecast period in their report.

Various factors are propelling the medical supplies market. These factors, according to the latest MRFR report, include rising geriatric population, rising incidences of different diseases, increasing number of

surgeries, rising patient pool for renal diseases, and growing incidence of hypertension and diabetes. Additional factors pushing market growth include the growing use of dialysis procedures, availability of more effective and technologically advanced products, increasing investments in the healthcare sector, increase in surgery rates, increasing adoption of new surgical procedures, and growing awareness about preventative care.

Competitive Landscape: Medical Supplies Market

• Medtronic plc
• Baxter International Inc
• 3M Company
• Boston Scientific Corporation
• Braun Melsungen AG
• Thermo Fisher Scientific Inc
• Johnson & Johnson
• Halyard Health

Segments: Medical Supplies Market

The global market for medical supplies, as per MRFR’s take on the market, can be segmented by type, applications, and end users. Such a segmentation provides a better understanding of factors that can have a considerable market impact and trigger various innovative initiatives. By type, the global market for medical supplies has blood collection tubes, infusion products, dialysis consumables, wound care products, adult incontinence products, surgical drapes, and blood glucose test strips.

By applications, the market for medical supplies depends much on the segmentation that includes urology, anesthesia, wound care, and sterilization. In the wound care segment, the market can find better percolation. The sterilization segment can also grow fast in the coming years.

By end user, the market for medical supplies can be segmented into nursing homes, clinics, hospitals, and others. The hospital segment has better growth potential as the segment is showing potential for a high intake of medical supplies.

Regional Analysis: Medical Supplies Market

The global market review of the medical supplies declares the Americas as the largest market for the industry. The region is expected to have strong profit from the North American region where robust infrastructure and constant influx of investment are expected to set up the scope for the market to expand. The US and Canada can find this prospect much growth-inducing. The European market has similar prospects like North America and the region is banking on the investments made by France, Germany, and the UK. These countries are also spending much on research and development sectors.

The Asia Pacific region is showing the possibility of getting the fastest CAGR during the forecast period. The regional market has provisions made by countries like India, China, Taiwan, and others who can influence the market. In the Middle East & Africa region, this growth would be substantial as countries like Qatar, Dubai, Saudi Arabia, and others can achieve significant traction from increasing government and private investments. But other countries in the African region who record poor economic growth can chain down the growth in the coming years.

Overview: Medical Supplies Market

Medical supplies & equipment account for a high proportion of health care costs, impacting the quality of care significantly. Over the past few years, the healthcare sector is burgeoning, worldwide, mainly due to the increasingly prosperous population that demands high-quality care.  Along with the flourishing healthcare sector, the medical supplies market is too growing rapidly, witnessing the increasing demand in treatment and surgical procedures.

The global Medical Supplies Market Trends Can be influenced by increasing investment and changing infrastructures in the market that can also assist the market in its attempt to touch a valuation of USD 132 Bn by 2022. The growth would find influencers to perform well and aid the market in achieving an impressive CAGR in between 2017 and 2022, which Market Research Future (MRFR) considers as the forecast period in their report.

Various factors are propelling the medical supplies market. These factors, according to the latest MRFR report, include rising geriatric population, rising incidences of different diseases, increasing number of

surgeries, rising patient pool for renal diseases, and growing incidence of hypertension and diabetes. Additional factors pushing market growth include the growing use of dialysis procedures, availability of more effective and technologically advanced products, increasing investments in the healthcare sector, increase in surgery rates, increasing adoption of new surgical procedures, and growing awareness about preventative care.

Competitive Landscape: Medical Supplies Market

• Medtronic plc
• Baxter International Inc
• 3M Company
• Boston Scientific Corporation
• Braun Melsungen AG
• Thermo Fisher Scientific Inc
• Johnson & Johnson
• Halyard Health

Segments: Medical Supplies Market

The global market for medical supplies, as per MRFR’s take on the market, can be segmented by type, applications, and end users. Such a segmentation provides a better understanding of factors that can have a considerable market impact and trigger various innovative initiatives. By type, the global market for medical supplies has blood collection tubes, infusion products, dialysis consumables, wound care products, adult incontinence products, surgical drapes, and blood glucose test strips.

By applications, the market for medical supplies depends much on the segmentation that includes urology, anesthesia, wound care, and sterilization. In the wound care segment, the market can find better percolation. The sterilization segment can also grow fast in the coming years.

By end user, the market for medical supplies can be segmented into nursing homes, clinics, hospitals, and others. The hospital segment has better growth potential as the segment is showing potential for a high intake of medical supplies.

Regional Analysis: Medical Supplies Market

The global market review of the medical supplies declares the Americas as the largest market for the industry. The region is expected to have strong profit from the North American region where robust infrastructure and constant influx of investment are expected to set up the scope for the market to expand. The US and Canada can find this prospect much growth-inducing. The European market has similar prospects like North America and the region is banking on the investments made by France, Germany, and the UK. These countries are also spending much on research and development sectors.

The Asia Pacific region is showing the possibility of getting the fastest CAGR during the forecast period. The regional market has provisions made by countries like India, China, Taiwan, and others who can influence the market. In the Middle East & Africa region, this growth would be substantial as countries like Qatar, Dubai, Saudi Arabia, and others can achieve significant traction from increasing government and private investments. But other countries in the African region who record poor economic growth can chain down the growth in the coming years.

Medical supplies 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.

What the Market Looks Like?

Predicted to grow at a CAGR of 6.8% during the forecast period, the Global Medical Supplies Market is estimated to reach USD 136.63 Billion. The market was dominated by North America, followed by Europe, Asia, and the RoW. However, Asia is projected to be the fastest-growing region in the forecast period

Based on application, the market is segmented into urology, wound care, radiology, anesthesia, sterilization, cardiology, ophthalmology, and other applications. The anesthesia segment is expected to register the highest growth during the forecast period. The high growth in this segment is attributed to the increasing number of surgical procedures being performed across the globe and the rising incidence of respiratory diseases.

Based on end user, the Medical Supplies Market is segmented into hospitals, clinics, assisted living centers and nursing homes, ambulatory surgery centers (ASCs), and other end users. The hospitals segment is expected to register the highest CAGR during the forecast period. The high growth of this segment is attributed to the increasing investment in healthcare systems, growing prevalence of HAIs, and high incidence of chronic diseases across the globe.

Sterilization:

A contamination-free environment is important for all medical procedures in healthcare facilities. This is because a contamination-free environment prevents various types of HAIs in hospitals, clinics, and nursing homes. Sterilization consumables and supplies, such as detergents, sterilization indicators, pouches, and lubricants, play a pivotal role in providing contamination-free environments in hospitals.

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What Drives the Medical Supplies Market?

The growth of the global market for Medical Supplies is primarily influenced by the following factors:

• Rising Incidence of Diseases
• Growing Geriatric Population
• Increasing Incidence of Hospital-Acquired Infections
• Growth in the Number of Surgical Procedures
  

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Geographical growth scenario of Medical Supplies Market:

Geographically, the market is segmented into North America, Europe, Asia, and the Rest of the World (RoW). Asia is projected to be the fastest-growing region in the forecast period, owing to factors such as the rising geriatric population, increasing incidence of various diseases, growing medical tourism industry, and improving healthcare infrastructure.

Leading market players and strategies adopted:

The key players in the medical supplies market include 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.).

Medical supplies 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.

What the Market Looks Like?

Predicted to grow at a CAGR of 6.8% during the forecast period, the Global Medical Supplies Market is estimated to reach USD 136.63 Billion. The market was dominated by North America, followed by Europe, Asia, and the RoW. However, Asia is projected to be the fastest-growing region in the forecast period

Based on application, the market is segmented into urology, wound care, radiology, anesthesia, sterilization, cardiology, ophthalmology, and other applications. The anesthesia segment is expected to register the highest growth during the forecast period. The high growth in this segment is attributed to the increasing number of surgical procedures being performed across the globe and the rising incidence of respiratory diseases.

Based on end user, the market is segmented into hospitals, clinics, assisted living centers and nursing homes, ambulatory surgery centers (ASCs), and other end users. The hospitals segment is expected to register the highest CAGR during the forecast period. The high growth of this segment is attributed to the increasing investment in healthcare systems, growing prevalence of HAIs, and high incidence of chronic diseases across the globe.

Sterilization:

A contamination-free environment is important for all medical procedures in healthcare facilities. This is because a contamination-free environment prevents various types of HAIs in hospitals, clinics, and nursing homes. Sterilization consumables and supplies, such as detergents, sterilization indicators, pouches, and lubricants, play a pivotal role in providing contamination-free environments in hospitals.

Download PDF Brochure @

https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=64344238

What Drives the Market?

The growth of the global market for Medical Supplies is primarily influenced by the following factors:

• Rising Incidence of Diseases
• Growing Geriatric Population
• Increasing Incidence of Hospital-Acquired Infections
• Growth in the Number of Surgical Procedures

Geographical growth scenario of Medical Supplies Market:

Geographically, the market is segmented into North America, Europe, Asia, and the Rest of the World (RoW). Asia is projected to be the fastest-growing region in the forecast period, owing to factors such as the rising geriatric population, increasing incidence of various diseases, growing medical tourism industry, and improving healthcare infrastructure.

Leading market players and strategies adopted:

The key players in the medical supplies market include 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.).

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