Medical Supplies Market Size to Surpass USD 12.03 Billion by 2030 at 4.6% CAGR – Report by Market Research Future (MRFR)
New York, USA, March 07, 2023 (GLOBE NEWSWIRE) — Medical Supplies Market Overview
According to a Comprehensive Research Report by Market Research Future (MRFR). “Medical Supplies Market Information by Type, Application, End User and Region – Forecast till 2030”, the market size was valued at USD 8.4 billion in 2021 and is projected to grow from USD 8.78 Billion in 2022 to USD 12.03 billion by 2030, exhibiting a compound annual growth rate (CAGR) of 4.6% during the forecast period (2022 – 2030).
Market Scope
The increasing adoption of technologically advanced smart wearables and image-guided therapy systems coupled with the ongoing trends of accurate and real-time monitoring is anticipated to drive market growth. The global market of medical supplies is an ever-increasing space. Over the last decade, the medical supplies market is invariably registering a higher CAGR.
Medical supplies and equipment significantly impact the quality of patient care and account for a high proportion of healthcare costs. Medical supplies comprise consumables and disposable healthcare materials ordered or prescribed by a physician. The demand for low-cost medical supplies is high enough for primarily and customarily used to serve medical purposes, including customary supplies, catheters, oxygen, gloves, gauze, needles and syringes, and diabetic supplies.
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Segmentation
The medical supplies market analysis is segmented into types, applications, end-users, and regions. The medical supplies type segment is sub-segmented into infusion products, wound care products, blood collection tubes, dialysis consumables, adult incontinence products, surgical drapes, blood glucose test strips, and others.
The application segment is sub-segmented into urology, wound care, anesthesia, sterilization, and others. The end user segment is sub-segmented into hospitals, clinics, nursing homes, and others. The region segment is sub-segmented into Asia-Pacific, Americas, Europe, and rest-of-the-world.
Regional Outlook
The medical supplies market in the North American region accounts for the largest market share globally. Extensive uptake of advanced technologies, accessibility to products & services, and the emphasis on delivering cost-competitive supplies are key driving forces fostering the market revenues of medical supplies in the region.
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The European region is rapidly emerging as a lucrative market for medical supplies, following the North American market closely. Countries like the UK, Germany, and France, backed by the adoption of technologies, purchasing power, and the presence of global players, along with the concerns over the cost of health care, drive the medical supplies market in the region.
The market of medical supplies in the Asia Pacific region is to growing rapidly. Factors substantiating the market growth include the proliferating healthcare sector and economic development in this region. Rapidly growing markets in countries such as China, Japan, and India are expected to push up the market growth in the region.
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Urology Devices Market Research Report: Information By Type (Endoscopy Devices, Benign Prostatic Hyperplasia Treatment Devices, Urinary Incontinence & Pelvic Organ Prolapsed, Urinary Stone Treatment Devices, and Dialysis Equipment), By Technology (Benign Prostatic Hyperplasia, Prostate Cancer, Urinary Stones, and Urinary Incontinence), By Application (Minimally Invasive Surgery, and Robotic Surgery), By End-User (Hospitals, and Ambulatory Services), And By Region (Asia-Pacific, North America, Europe, And Rest Of The World) – Market Forecast
Wound Care Market research report, Product Type (Advanced wound Management Products, Wound Therapy Devices, Traditional and Active Wound Care Products), by Wound Type (Chronic and Acute), by Application (Surgical, Ulcers, Burn, Trauma Wounds), End and Users (Hospitals, Clinics, Home Healthcare and Trauma Center) – Forecast till 2030
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Market Research Future (MRFR) is a global market research company that takes pride in its services, offering a complete and accurate analysis with regard to diverse markets and consumers worldwide. Market Research Future has the distinguished objective of providing the optimal quality research and granular research to clients. Our market research studies by products, services, technologies, applications, end users, and market players for global, regional, and country level market segments, enable our clients to see more, know more, and do more, which help answer your most important questions.
