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Global Medical Supplies Market By Type (PPE, Dialysis Consumables, Others), By Application (Urology, Infection Control, Others), By End-Users (Hospitals, Clinics, Others), By Region, Forecast & Opportunities to 2026

The global medical supplies market accounted for a value of USD 120.7 billion in 2019 and is projected to register growth at a CAGR of 3.5% during forecast period.

COVID-19 has impacted the medical supplies market. The number of corona virus cases is increasing exponentially. The healthcare facilities across the world are facing shortage of hospital beds, ventilators, safety gears and other medical instrument. The industries are extensively working to fulfill the demand for these medical supplies. The manufacturing units were operation during lockdown and the market for medical supplies is likely to foresee growth due to COVID-19.

Definition:

Medical supplies can be defined as the device and instruments which are being manufactured and distributed by different medical supplies companies. These products also include one-time use products. The most commonly used instruments are blood processing devices, wound care instruments and monitoring systems.

Market Dynamics (Drivers/Opportunities):

The incidence of diseases is increasing across the world. This increases the demand for medical supplies in order to treat the patients. The geriatric population is increasing in the world which increases various diseases such as high BP and other cardiovascular diseases. This results in high consumption of different devices and instrument in healthcare facilities. Thus, dives growth in medical supplies market during forecast period.

The cases of hospital-acquired infections are increasing which requires various single use disposable supplies. The increasing number of corona virus cases has propelled the demand for various equipments and devices.  The rate of surgical procedures is also increasing which further increases demand for advanced instruments and devices. All these factors together drives growth in medical supplies market during forecast period.

Market Insights, by Type

On the basis of type, the medical supplies market is segmented into disinfectants, personal protective equipment, sterilization consumables, wound care consumables, dialysis consumables, radiology consumables, catheters, sleep apnea consumables, intubation & ventilation supplies, infusion & injectable supplies, diagnostic supplies and others. The catheters segment dominated the market in 2019. However, the intubation & ventilation supplies segment is estimated to grow at highest CAGR during forecast period. The cases of respiratory diseases such COPD and asthma are increasing immensely around the world. The aging population is increasing around the world and the respiratory diseases are common among aging population. The cases of corona virus are also rapidly increasing which increases the demand for intubation & ventilation supplies in the market. This drives growth in intubation & ventilation supplies segment during forecast period.    

Market Insights, by End-Users

On the basis of end-users, the medical supplies market is segmented into hospitals, clinics/physician offices and others. The hospitals segment is estimated to hold largest market share during forecast period. The people prefer hospitals for diagnosis of serious issues over clinics. The number of hospitals is increasing and healthcare infrastructure is developing around the world and this increases the adoption of advanced medical supplies in the hospitals. Thus, drives growth in hospitals segment during forecast period.

Market Insights, by Application

On the basis of application, the medical supplies market is segmented into urology, wound care, radiology, respiratory, cardiology, infection control, IVD and others. The other application segment accounted for largest market share in 2019. The number of surgical procedures is increasing along with the dental diseases around the world. The manufactures are focusing on following the proper waste disposal methods to ensure minimum waste. These are the factors responsible for highest market growth.

Regional Insights

North America region accounted for largest market share in 2019 and it is estimated to maintain its dominance during the forecast period. The incidence of chronic diseases is increasing in this region as the geriatric population is increasing immensely in this region. The exponentially increasing number of corona virus cases results in high demand for various supplies such as PPE kits, ventilators, beds and gloves etc. This drives growth in North America region during forecast period.   

Key Companies & Market Share Insights

The key market players in medical supplies sector are Medtronic, Cardinal Health Inc., BD, Johnson & Johnson, B. Braun Melsungen AG, Boston Scientific Corporation, Thermo Fisher Scientific inc., Baxter International, Avanos Medical Inc., 3M, Smith & Nephew,Convatec Group Plc., Abbott, Cook medical, Merit Medical Systems, Stryker, Terumo Corporation, Teleflex Incorporated and Fresenius medical Care.

Segments Covered in the Report

This report forecasts The Global Medical Supplies Market, regional, and country levels and provides an analysis of the latest industry trends and opportunities in each of the sub-segments from 2020 to 2026. For the purpose of this study, Our Company has segmented the global Medical Supplies market report on the basis of type, application and end-users.

Medical Supplies Market Size & Forecast (2017-2026)

  1. Research Framework
    • Market Definition and Product Overview
    • Market Segmentation
  2. Research Methodology
    • Qualitative Research
      • Primary & Secondary Sources
    • Quantitative Research
      • Primary & Secondary Sources
    • Breakdown of Primary Research Respondents, By Region
      • Secondary Research
      • Primary Research
    • Breakdown of Primary Research Respondents, By Industry Participants
      • Market Size Estimation
      • Assumption for the Study
      • Market Breakdown & Data Triangulation
  1. Executive Summary
    • Market Snapshot
  2. Industry Insights
    • Industry ecosystem analysis
      • Value Chain Analysis
    • Industry impact and forces
      • Growth Drivers
      • Challenges &Restraints
      • Opportunities
    • Disruptive Technological Analysis
    • Regulatory framework
      • North America
      • Europe
      • Asia Pacific
      • Middle East & Africa
      • South America
    • Growth potential analysis, 2019
    • Porter’s Five forces analysis
    • Pricing Analysis
      • North America
      • Europe
      • Asia Pacific
      • Middle East & Africa
      • South America
  1. COVID – Impact Analysis
    • North America
    • Europe
    • Asia Pacific
    • Middle East & Africa
    • South America
  2. Medical Supplies Market, By Type, Market Size & Forecast To 2026

(USD Million 2017,2018, 2019, 2020, 2021-e-2026-p)

  • Introduction
  • Disinfectants
  • Personal Protective Equipment
  • Sterilization Consumables
  • Wound Care Consumables
  • Dialysis Consumables
  • Radiology Consumables
  • Catheters
  • Sleep Apnea Consumables
  • Intubation & Ventilation Supplies
  • Infusion & Injectable Supplies
  • Diagnostic Supplies
  • Others
  1. Medical Supplies Market, By Application, Market Size & Forecast To 2026

(USD Million 2017,2018, 2019, 2020, 2021-e-2026-p)

  • Introduction
  • Urology
  • Wound Care
  • Radiology
  • Respiratory
  • Cardiology
  • Infection Control
  • IVD
  1. Medical Supplies Market, By End-Users, Market Size & Forecast To 2026

(USD Million 2017,2018, 2019, 2020, 2021-e-2026-p)

  • Introduction
  • Hospitals
  • Clinics/Physician Offices
  • Others
  1. Medical Supplies Market, By Region, Market Size & Forecast To 2026

(USD Million 2017,2018, 2019, 2020, 2021-e-2026-p)

  • Introduction
  • North America Market Size & Forecast To 2026
    • Market Overview
    • COVID-19 Impact
    • By Type
    • By Application
    • By End-Users
    • By Country
      • USA
        • By End-Users
      • Canada
      • Mexico
    • South America Market Size & Forecast To 2026
      • Market Overview
      • COVID-19 Impact
      • By Type
      • By Application
      • By End-Users
      • By Country
        • Brazil
          • By End-Users
        • Argentina
        • Chile
        • Rest of South America
      • Europe Market Size & Forecast To 2026
        • Market Overview
        • COVID-19 Impact
        • By Type
        • By Application
        • By End-Users
        • By Country
          • UK
            • By End-Users
          • Germany
          • France
          • Italy
          • Rest of Europe
        • APAC Market Size & Forecast To 2026
          • Market Overview
          • COVID-19 Impact
          • By Type
          • By Application
          • By End-Users
          • By Country
            • China
              • By End-Users
            • India
            • Japan
            • South Korea
            • Australia
            • Rest of APAC
          • Middle East & Africa Market Size & Forecast To 2026
            • Market Overview
            • COVID-19 Impact
            • By Type
            • By Application
            • By End-Users
            • By Country
              • Saudi Arabia
                • By End-Users
              • UAE
              • Qatar
              • Kuwait
              • South Africa
              • Rest of Middle East & Africa
  1. Competitive Landscaping
    • Competitive Benchmarking
      • Market Share Analysis, 2019
      • Global Presence and Growth Strategies
        • Mergers & Acquisitions
        • New Product Launches
        • Investments Trends
        • R&D Initiatives
  1. Company Profile
    • Fresenius Medical Care
      • Company Overview
      • Financial Overview
      • Product Portfolio
      • Recent Developments
      • SWOT Analysis
      • Strategic Outlook
    • Medtronic
    • Cardinal Health Inc.
    • BD
    • Johnson & Johnson
    • Braun Melsungen AG
    • Boston Scientific Corporation
    • Thermo Fisher Scientific Inc.
    • Baxter International
    • Avanos Medical Inc.
    • 3M
    • Smith & Nephew
    • Convatec Group Plc.
    • Abbott
    • Cook Medical
    • Merit Medical Systems
    • Stryker
    • Terumo Corporation
    • Teleflex Incorporated
  2. Appendix
    • Interrelated Market

Research Methodology

1.1     Research Methodology

The process of market research at PAN Market Consulting is very intuitive being iterative in nature and usually follows the path where Information gathered from secondary research is used to build data models, which are than validated from primary participants. Then same cycle repeats where, according to inputs from primary participants, additional secondary research is done, and new information type is again incorporated into data model. The process continues till desired level of information is not generated.

To calculate the market size, the report considers the revenue generated from the sales of the product/services. The revenue generated from the sales of product/services has been calculated through primary and secondary research. The report also analyses the key players operating in the market at the global level which are identified through secondary research and a corresponding detailed analysis of the top vendors in the market. The market size calculation also includes product segmentation determined using secondary sources and verified through primary sources.

1.2     Secondary Research

The secondary research source that are typically referred to include, but are not limited to:

  • Company websites, annual reports, financial reports, broker reports, investor presentations and SEC filings
  • Internal and external proprietary databases, relevant patent and regulatory databases
  • National government documents, statistical databases and market reports
  • News articles, press releases and web-casts specific to the companies operating in the market

The source for secondary research includes but is not limited to Factiva, Hoovers and Statista

SecondaryResearch

1.3     Primary Research

We conduct primary interviews on an ongoing basis with industry participants and commentators in order to validate data and analysis. A typical research interview fulfills the following end users:

  • It provides first-hand information on the market size, market trends, growth trends, competitive landscape, future outlook etc.
  • Helps in validating and strengthening the secondary research findings
  • Further develops the analysis team’s expertise and market understanding
  • Primary research involves E-mail interactions, telephonic interviews as well as face-to-face interviews for each market, category, segment and sub-segment across geographies

The participants who typically take part in such a process include, but are not limited to:

  • Industry participants: CEOs, VPs, marketing/ product managers, market intelligence managers and national sales managers
  • Purchasing managers, technical personnel, distributors and resellers
  • Outside experts: Investment bankers, valuation experts, research analysts specializing in specific markets
  • Key opinion leaders specializing in different areas corresponding to different industry end users

1.4     Models

Where no hard data is available, we use modeling and estimates in order to produce comprehensive data sets. A rigorous methodology is adopted in which the available hard data is cross referenced with the following data products to produce estimates:

  • Demographic data: Population split by segment
  • Macro-economic indicators: GDP, etc.
  • Industry indicators: Expenditure, product stage & infrastructure, sector growth and facilities.

Data is then cross checked by the expert panel.

1.4.1 Company Share Analysis Model

Company share analysis is used to derive the size of global market. As well as study of revenues of companies for last three to five years also provide the base for forecasting the market size and its growth rate. This model is built in following steps:

ResearchMethodology1

1.4.2 Revenue Based Modeling

Revenue based models can be built in two ways – Top-Down or Bottom-Up irrespective of industry. Market size estimated from company share analysis acts as a validation point for bottom-up approach whereas it acts as starting point for top-down approach.

ResearchMethodology2

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