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Medical Supplies Market

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The medical supplies industry consists of companies engaged in the manufacturing and distribution of basic medical products such as surgical knives, forceps, gloves.
Medical Supplies Market - Global Industry Insights,
Trends, Outlook, and Opportunity Analysis, 20182026
The medical supplies industry consists of companies engaged in the manufacturing and
distribution of basic medical products such as surgical knives, forceps, gloves, syringes,
bandages and dressings, medical laboratory equipment, stethoscopes, dental drills, x-ray films,
veterinarian instruments, and other related supplies. The medical supplies excludes
manufacturing and distribution of high-tech medical equipment and retail sales of drugs. Several
strategies are adopted by the vendors of this industry to optimize profits. The companies with
equipment supplies such as interventional cardiology devices and dental devices require
extensive capital expenditures and revenue generation for their existence in the market. Their
products are high-tech and large amount is spend on research and development activities to
maintain a steady rollout of new offerings. However, profitability of the companies that supply
disposable items such as syringes and surgical gloves is dependent on procedure volume,
particularly in hospitals and therefore, does not require substantial amounts of capital
expenditures. Therefore, availability of technologically advanced as well as more effective
products and rise in investment in healthcare sector is fueling the market growth.
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Medical Supplies Market Drivers
Increasing volume of hospitals, surgical, and outpatient procedures, and upgradation and
enforcement of infection prevention standards is expected to increase the adoption of medical
supplies over the forecast period, thereby driving growth of medical supplies market. For
instance, in 2012, Kuwait Ministry of Health and Public Works announced a grant of US$ 4.4
billion to replace and expand nine operating hospitals, which is expected to provide additional
5,400 beds, 150 operating rooms, and 500 outpatient clinics. This is expected to create a
conducive environment for growth of the market.
Increasing number of patients who require long-term therapy or surgery, drug delivery, and
related products is expected to increase the demand for medical supplies, in turn driving growth
of the market. The usage of safety-enhanced devices for the minimally invasive delivery of
parenteral medicines, IV solutions, and inhalation therapies will lead to the growth of the
market. The rising prevalence of chronic conditions such as cancer, heart disorders, neurological
disorders, and gynecological disorders will lead to an increase in the number of hospitalizations,
thereby increasing the demand for medical supplies. For instance, according to the CDC
foundation, in 2015, around 800,000 people in the U.S. died due to stroke and other
cardiovascular diseases. By the ageing demographic, there is a huge drive to develop devices
that can both help the treatment of age-related conditions and early diagnosis chronic diseases.
According to United Nations Organization, there are an estimated 962 million people aged 60 or
over in the world in 2017, comprising 13% of the global population and this population is
continuously growing at a rate of about 3 per cent per year. Currently, Europe has the greatest
percentage of population aged 60 or over (25%) in the same year.
Report includes chapters which deeply display the following deliverable about industry :
• Medical Supplies Market Research Objective and Assumption
• Medical Supplies Market Purview - Report Description, Executive Summary, and Coherent
Opportunity Map (COM)
• Medical Supplies Market Dynamics, Regulations, and Trends Analysis - Market Dynamics,
Regulatory Scenario, Industry Trend, Merger and Acquisitions, New system Launch/Approvals,
Value Chain Analysis, Porter’s Analysis, and PEST Analysis
• Global Medical Supplies Market , By Regions
• Medical Supplies Market Competition by Manufacturers including Production, Share, Revenue,
Average Price, Manufacturing Base Distribution, Sales Area and Product Type.
• Medical Supplies Market Manufacturers Profiles/Analysis including Company Basic
Information, Manufacturing Base and Its Competitors.
• Medical Supplies Market Manufacturing Cost Analysis including Key Raw Materials and Key
Suppliers of Raw Materials.
• Industrial Chain, Sourcing Strategy and Downstream Buyers including Upstream Raw Materials
Sourcing and Downstream Buyers
• Marketing Strategy Analysis, Distributors/Traders including Marketing Channel, Market
Positioning and Distributors/Traders List.
• Market Effect Factors Analysis including Technology Progress/Risk, Consumer Needs/Customer
Preference Change and Economic/Political Environmental Change.
• Medical Supplies Market Forecast including Production, Consumption, Import and Export
Forecast by Type, Applications and Region.
• Research Findings and Conclusion
Medical Supplies Market Restraints
This market is fragmented with various large to small scale players, thus competition is very
high among players to compete with. Vendors continuously cutting prices on legacy products to
retain the market share and support production volume and net profit. Majority of the
disposable products that are not protected by patents are more likely to open to competition.
Thus all these factors may restraint the overall market growth to some extent. To overcome
these factors, competitors need to improve their products that are already present in the market
through technologies and might boost R&D spending to overcome any technology shortcomings.
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Medical Supplies Market - Regional Analysis
On the basis of region, global medical supplies market is segmented into North America, Latin
America, Europe, Asia Pacific, Middle East, and Africa. Demand for medical supplies in the
Western Europe, U.S., Japan, and most other developed countries will increase at a slow pace,
as their medical supplies are already well established and have adopted stringent infection
prevention standards to meet the health care needs of people. By contrast, growth in the BRIC
(Brazil, Russia, India, and China) countries and many other emerging economies expected to
spur as health care sectors are modernized, expanding, and adapting to formal infection
prevention protocols.
Medical Supplies Market – Competitive Landscape
Some of the key players operating in the medical supplies market include B. Braun Melsungen
AG, Becton, Dickinson and Company, Cardinal Health, Inc., Halyard Health, Inc., Johnson &
Johnson, Thermo Fisher Scientific Inc., Boston Scientific Corporation, Baxter International Inc.,
and 3M Company among others. Key players are adopting inorganic growth strategies such as
merger and acquisition to retain their position in the market. For instance, in 2017, Becton
Dickinson completed the acquisition of C.R. Bard, Inc., both companies will lead a position to
improve the treatment of disease for patients and the process of care for health care providers.
Furthermore, in April 2018, B. Braun Melsungen AG started five new and enhanced production
plants and other administrative buildings in Penang to manufacture medical devices for infusion
therapy and surgical instruments for the treatment of patients in Malaysia and across the world.
About Coherent Market Insights
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analysis through various recommendations related to emerging market trends, technologies, and
potential absolute dollar opportunity.
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Author
Alex Huge
Alex Huge335   documents Email
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