Global Medical Supplies Market Outlook, Trend and Opportunity Analysis, Competitive Insights, Actionable Segmentation & Forecast 2023

Industry : HealthcarePublished Date : November 20th, 2017
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The global medical supplies market is expected to increase from USD 91.3 billion in 2016, to USD 140.5 billion in 2023, at a CAGR of 6.3% from 2017 to 2023. The growth in global medical supplies market is attributed to increasing aging population and rise in chronic diseases across the world. Additionally availability of technologically advanced, as well as more effective products and rise in investment in healthcare sector is also aiding the market growth. The years used for the assessment are as follows;

  • Historical year   : 2015
  • Base year            : 2016
  • Forecast period : 2017 – 2023

RESEARCH METHODOLOGY

The research and analysis is based on data and information obtained from various primary and secondary sources. The data obtained is validated by interacting with the companies of the concerned domain. The steps involved in the research methodology are;

  • Obtaining historical data of the market based on news, articles, publications, annual reports, white papers, surveys and other secondary sources
  • Interacting with key opinion leaders of the market and developing data points based on interaction with them
  • Study of past trends in the market and their year on year Impact on the market size and share
  • Analyzing the collected data points
  • Bridging the data points to calculate the total medical supplies market and its various segments.
  • Anticipating potential risks
  • Analyzing market forces such as drivers, restraints, and opportunities to assess new growth areas for the global medical supplies market
  • Finalizing the overall size and share for the global medical supplies market

OBJECTIVES:

  • To classify global medical supplies market into segments on the basis of type, application, end-user, and analyze their growth prospects individually
  • To analyze market trends, opportunities, drivers and restraints associated with the medical supplies market
  •  Profiling key companies operating in the global medical supplies market
  • To study market response with respect to the mergers and acquisitions in the industry

MARKET SCOPE

The research scope for medical supplies market is as follows:

By Type 

  • Diagnostic supplies
  • Dialysis consumables
  • Wound care consumables
  • Radiology consumables
  • Respiratory products
  • Infection control
  • Sterilization consumables
  • Lab products
  • Infusion Products
  • Intubation & Ventilation Supplies
  • Hypodermic products
  • Personal Protection Equipment (PPE)
  • Others

By Application

  • Anesthesia
  • Radiology
  • Cardiology
  • Urology
  • Sterilization
  • Ophthalmology
  • Wound Care
  • Others

By End-User

  • Hospitals
  • Clinics
  • Nursing homes
  • Ambulatory Surgery Centers
  • Others

By Region

  • North America
  • Europe
  • Asia-Pacific
  • Rest of the World

The global medical supplies market is projected to grow from USD 91.3 billion in 2016, to USD 140.5 billion in 2023, at a CAGR of 6.3% during the period 2017 – 2023. The growth in medical supplies market is attributed to increasing aging population and rise in chronic diseases across the world. Additionally, availability of technologically advanced, as well as more effective products and rise in investment in healthcare sector is also aiding the market growth. Moreover, rapid adoption of new surgical procedures and rise in the rate of surgery are some other factors leading to the medical supplies market growth. An increased awareness towards preventative care is also driving the market growth.

The global medical supplies market is divided based on type, application, end-user and region.  The medical supplies market is segmented into diagnostic supplies, dialysis consumables, wound care consumables, radiology consumables, respiratory products, infection control, sterilization consumables, lab products, infusion products, intubation & ventilation supplies, hypodermic products, personal protection equipment (PPE), others. The dialysis consumables segment is expected to show fastest CAGR during the forecast period due to rising number of renal diseases. On the basis of application, the anaesthesia segment is expected to show highest CAGR due to increase in the rate of surgeries across the globe.

Geographically, North America holds the largest share in the global medical supplies market, However, the Asia-Pacific region is expected to witness fastest growth during the period 2017– 2023. Economies such as China and India are the key markets in this region.  The growth in these developing economies is attributed to improving healthcare infrastructure and services, coupled with rise in medical tourism and growing population.

Key players operating in the global medical supplies market are Medtronic PLC, Cardinal Health, Inc. Johnson and Johnson, Boston Scientific Corporation, 3M Company, Halyard Health, B. Braun Melsungen AG, Thermo Fisher Scientific Inc., Baxter International, and Becton, Dickinson and Company.

TABLE OF CONTENTS

CHAPTER 1. Market Scope and Methodology

1.1. Market Definition

1.2. Market Segmentation

1.2.1. Market Breakdown, By Type

1.2.2. Market Breakdown, By Application

1.2.3. Market Breakdown, By End-User

1.2.4. Market Breakdown, By Region

1.3. Research Methodology

1.4. Executive Summary

CHAPTER 2. Market Outlook

2.1. Introduction

2.2. Landscape

2.2.1. Market Share

2.2.2. Opportunities

   2.2.2.1. Huge potential in developing economies due large number of patients and improving healthcare services

       2.2.3. Trends

    2.2.3.1. Increasing demand of medical supplies for home-use

     2.2.4. Growth Drivers

2.2.4.1. Growing aging population and rise in chronic diseases across the world

2.2.4.2. Rise in government as well as private investment in healthcare sector

2.2.4.3. Availability of technically advanced medical supplies

    2.2.5. Impact Analysis of Drivers on Future Forecast of the Market

    2.2.6. Restraints of the Market

     2.2.6.1. Availability of substitute products in the market

  2.2.7. Impact Analysis of Restraints on Future Forecast of the Market

CHAPTER 3. Market Entry Strategy

3.1. Regional Regulatory Affairs

3.2. Competitive Analysis

3.3. Investment Analysis

3.4. Recommendations

CHAPTER 4. Global Medical Supplies Market Size and Forecast (2013 – 2023)

4.1. The Global Medical Supplies Market, By Type

4.1.1. Diagnostic supplies

4.1.2. Dialysis consumables

4.1.3. Wound care consumables

4.1.4. Radiology consumables

4.1.5. Respiratory products

4.1.6. Infection control

4.1.7. Sterilization consumables

4.1.8. Lab products

4.1.9. Infusion Products

4.1.10. Intubation & Ventilation Supplies

4.1.11. Hypodermic products

4.1.12. Personal Protection Equipment (PPE)

4.1.13. Others

4.2. Global Medical Supplies Market, By Application

4.2.1. Anesthesia

4.2.2. Radiology

4.2.3. Cardiology

4.2.4. Urology

4.2.5. Sterilization

4.2.6. Ophthalmology

4.2.7. Wound Care

4.2.8. Others

4.3. Global Medical Supplies Market, By End-User

4.3.1. Hospitals

4.3.2. Clinics

4.3.3. Nursing homes

4.3.4. Ambulatory Surgery Centers

4.3.5. Others

4.4. Global Medical Supplies Market, By Region

4.4.1. North America

4.4.2. Europe

4.4.3. Asia-Pacific

4.4.4. Rest of the World(RoW)

CHAPTER 5. Global Medical Supplies Market, By Geography

5.1. North America Medical Supplies Market

5.1.1. North America Medical Supplies Market, By Type

5.1.2. North America Medical Supplies Market, By Application

5.1.3. North America Medical Supplies Market, By End-User

5.1.4. North America Medical Supplies Market, By Country

  5.1.4.1. The U.S

 5.1.4.2. Canada

5.2. Europe Medical Supplies Market

5.2.1. Europe Medical Supplies Market, By Type

5.2.2. Europe Medical Supplies Market, By Application

5.2.3. Europe Medical Supplies Market, By End-User

5.2.4. Europe Medical Supplies Market, By Country

   5.2.4.1. Germany

   5.2.4.2. France

   5.2.4.3. The U.K.

   5.2.4.4. Italy

   5.2.4.5. Spain

5.3. Asia-Pacific Medical Supplies Market

5.3.1. Asia-Pacific Medical Supplies Market, By Type

5.3.2. Asia-Pacific Medical Supplies Market, By Application

5.3.3. Asia-Pacific Medical Supplies Market, By End-User

5.3.4. Asia-Pacific Medical Supplies Market, By Country

  5.3.4.1. China

  5.3.4.2. Japan

  5.3.4.3. India

  5.3.4.4. Rest of Asia-Pacific

5.4. Rest of the World (RoW) Medical Supplies Market

5.4.1. Rest of the World (RoW) Medical Supplies Market, By Type

5.4.2. Rest of the World (RoW) Medical Supplies Market, By Application

5.4.3. Rest of the World (RoW) Medical Supplies Market, By End-User

5.4.4. Rest of the World (RoW) Medical Supplies Market, By Country

CHAPTER 6. COMPETITIVE ANALYSIS

6.1. Porters Five Forces Analysis

6.1.1. Bargaining Power of Buyers

6.1.2. Bargaining Power of Suppliers

6.1.3. Threat of New Entrants

6.1.4. Intensity of Rivalry

6.1.5. Threat of Substitutes

CHAPTER 7. Key Players and Strategic Developments

7.1. Medtronic PLC

7.1.1. Business Overview

7.1.2. Product and Service Offering

7.1.3. Financial Overview

7.1.4. Strategic Developments

7.2. Cardinal Health,Inc.

7.2.1. Business Overview

7.2.2. Product and Service Offering

7.2.3. Financial Overview

7.2.4. Strategic Developments

7.3. Johnson and Johnson

7.3.1. Business Overview

7.3.2. Product and Service Offering

7.3.3. Financial Overview

7.3.4. Strategic Developments

7.4. Boston Scientific Corporation

7.4.1. Business Overview

7.4.2. Product and Service Offering

7.4.3. Financial Overview

7.4.4. Strategic Developments

7.5. 3M Company

7.5.1. Business Overview

7.5.2. Product and Service Offering

7.5.3. Financial Overview

7.5.4. Strategic Developments

7.6. Halyard Health

7.6.1. Business Overview

7.6.2. Product and Service Offering

7.6.3. Financial Overview

7.6.4. Strategic Developments

7.7. B. Braun Melsungen AG

7.7.1. Business Overview

7.7.2. Product and Service Offering

7.7.3. Financial Overview

7.7.4. Strategic Developments

7.8. Thermo Fisher Scientific Inc

7.8.1. Business Overview

7.8.2. Product and Service Offering

7.8.3. Financial Overview

7.8.4. Strategic Developments

7.9. Baxter International

 7.9.1. Business Overview

 7.9.2. Product and Service Offering

 7.9.3. Financial Overview

 7.9.4. Strategic Developments

7.10. Becton, Dickinson and Company

  7.10.1. Business Overview

  7.10.2. Product and Service Offering

  7.10.3. Financial Overview

  7.10.4. Strategic Developments

CHAPTER 8. RESEARCH APPROACH

8.1. Initial Data Search

8.2. Secondary Research

8.3. Primary Research

8.4. Scope and Assumptions

Global Medical Supplies Market Outlook, Trend and Opportunity Analysis, Competitive Insights, Actionable Segmentation & Forecast 2023