Medical Supplies Market - Global Industry Analysis, Size, Share, Trends, Analysis, Growth, and Forecast 2017 - 2025

  • Single User License $3500

Medical Supplies Market - Global Industry Analysis, Size, Share, Trends, Analysis, Growth, and Forecast 2017 - 2025

Status : March, 2020 | Medical Devices | PPT format

Report Digest


Medical Supplies Market: Snapshot

Medical supplies market is experiencing impact on offerings of services to healthcare cost. Growth of the market is mainly influenced by availability of products such as equipment’s. Equipment such as surgical knives and gloves, forceps, bandages and dressings, stethoscopes, syringes, medical laboratory equipment, dental drills, x-ray films, and others. The medical supplies & distribution industry does not consider retail sales of drugs and medical supplies, and high-tech medical equipment manufacture. These devices offers assistance to healthcare providers for better services and facilities in the hospitals. Rising number of incidences of chronic diseases is boosted demand for these devices substantially.

The intense competition in the market lead to high investment, however, rather than developing and manufacturing advanced products in every industry. For widening companies’ business region and product portfolio, the key players started to acquisitions. The industry has key trend of merger, acquisitions, and strategic collaboration for widening its business across regions. This trend offer advantages to offer wide range of products. For instance, in 2016, Baxter International Inc. acquired Claris Injectables for US$625 Mn for widening product portfolio. It was a subsidiary of Claris Lifesciences a sterile injectable pharmaceutical company. This acquisition allowed to Baxter international Inc. to offer advanced products from Claris.

Likewise, in March 2017, Boston Scientific Corporation announced to acquire Symetis SA. It is medical technology company that offers and manufactures transcatheter aortic valve implantation (TAVI) devices. This acquisition offers to Boston Scientific to offer this TAVI devices.

Additionally, due to continue evolving technologies, the hospitals and many healthcare service operators are changing existing systems. This trend of merger, acquisitions, and strategic collaboration coupled with changing systems with advanced one are driving growth of the market and expected to continue over forecast period.

Global Medical Supplies Market: Overview 

Medical supplies is an umbrella term used for all devices and equipment used to diagnose, monitor, and treat a patient within the healthcare industry. Of the several types of diagnostic medical supplies, the more common ones include ultrasound and MRI machines, scanners such as PET and CT, and most commonly, x-ray machines. Monitoring equipment includes the devices that continuously measure a patient’s blood pressure, EEG, and ECG. The global medical supplies market also includes the devices being used to monitor and treat patients that are a part of an organization’s home care services. Therapy can include devices such as CPM machines. 

Global Medical Supplies Market: Key Trends 

The top driver augmenting the demand volume experienced by the global medical supplies market at the moment, is the increasing average of patients approaching medical facilities. In most regions, this is due to the increasing count of the geriatric citizens. This holds true especially for developed economies, where the elderly demographic is increasing at a very fast pace, due to reduced mortality rates. In emerging economies, the increase of healthcare outreach is creating a greater scope of access for patients from various age groups, classes, and locations. The global medical supplies market is also being driven by the growing number of cases of hospital-acquired infections, or nosocomial infections. These are creating the need for specialized materials and unique treatment options. 

Global Medical Supplies Market: Market Potential 

The booming demand for healthcare services and devices is essentially driving the global medical supplies market, and it will likely be the primary driver for the same. Of the many strategies being employed by players in the market to turn towards greater profitability, partaking in mergers and acquisitions is one of the more common steps. A recent example includes the plans revealed by Cardinal Health in buying out the medical supplies business owned by Medtronic. Medtronic specializes in cutting edge medical technologies including ones in implantable heart defibrillators and heart stents, was already growing stronger after its acquisition of Covidien in 2014.

Meanwhile, players in the global medical supplies market are being constantly monitored by government agencies when it comes to adhering the safety and quality standards set out for medical supplies. The regulatory framework surrounding the global medical supplies market is getting more stringent by the year and players may even find it difficult to keep up with the inflating raw material and manufacturing prices while having to stick to these regulations. 

Global Medical Supplies Market: Regional Outlook 

The global medical supplies market has experienced a very high level of research and development in the regions of North America and Europe. Both regions have consistently been at the forefront of technological advancement in the healthcare industry and are likely to continue bearing leaders in the global medical supplies market over the coming years. Meanwhile, the demand for medical supplies is escalating at a very high rate in the regions of Latin America and Asia Pacific, as both regions show signs of catching up to the advancements held by the developed economies. Asia Pacific specifically is showing a very high incremental demand rate for medical supplies, thanks to the growing medical outreach combined with the increasing popularity of medical tourism. 

Global Medical Supplies Market: Competitive Analysis 

The leading players in the global medical supplies market currently include Medtronic Plc., Becton, Dickinson and Company, B. Braun Melsungen AG, Halyard Health, Inc., Cardinal Health, Inc., Thermo Fisher Scientific Inc., Johnson & Johnson, Baxter International Inc., Boston Scientific Corporation, and 3M Company.

The study presents a granular assessment and quantitative evaluation of:

  • Key growth factors and prominent trends
  • Size and share of key segments in overall market
  • Key challenges and winning imperatives
  • Factors shaping competitive landscape
  • Insights into how contours of market will change in coming years
  • Technological advances
  • New avenues and imminent investment pockets
  • Regulatory landscape shaping current and future strategies of companies

The region-wise assessment includes market dynamics in:

  • North America
  • Asia Pacific
  • Europe
  • Latin America
  • The Middle East and Africa

The study is prepared with the help of an extensive primary and secondary research. Primary research includes but not limited to interactions, interviews, surveys, and events. Opinions of policy makers and industry experts are carefully integrated into the insights to complement primary research. Volumes of secondary data gleaned through renowned paid sources, annual statements, reputed journals, and government documents offer insights into current dynamics and key evolution trajectories the market is likely to assume. The research employs various industry-wide analytics methods and well-established methodologies to ascertain the attractiveness of key segments. Further, it evaluates the lucrativeness of key regions and factors underlying their maturity. The insights notably include a detailed analysis of forces behind vendor differentiation and offers insight into investment-decision making by prominent players.

The report strives to enlighten businesses and industry stakeholders on multiple facets of the growth dynamic of the market, the key of which include answers to:

  • Which key factors will shape the competitive landscape?
  • Which trends will stimulate research and development activities in different geographies?
  • Which are the lucrative growth areas and what is the size of potential they are likely contribute to the overall market?
  • Which disruptions in market growth are likely to come with the new business models?
  • Which are some of the recent overhauls in policies that may change the course of the market significantly?
  • Which are the geographies that will form sizable sources of new streams to new and established players alike?
  • How are top players likely to realign their strategy to counter the forces of competition?
  • Which key strategies emerging players are likely to focus on to consolidate their position?
  • Which changes in end-user preferences might affect the status quo held by the leading players?
  • Which are some of the game-changing innovations influencing the projected share and revenue of the market and its segments?

Note: Utmost care has invariably been taken to present data and arrive at statistics at all the TMR Research reports. Meanwhile, some recent developments and new industry trends may take time to be included in the reports.

Wish to check Table of Contents of this report?

Click below to Request TOC

Request TOC