China Medical Supplies Market 2022 Size, Share, Trend : What are the upcoming trends of Industry in the world?

Astute Analytica has released new research on the worldwide China Medical Supplies Market that provides a thorough explanation of a number of market analysis techniques, including SWOT analysis and five-point analysis. The market report also includes an in-depth analysis of several growth plans and initiatives to broaden the business's horizons on a regional and international scale. It gives readers a thorough explanation of all the market difficulties and development prospects related to the industry.

Along with significant data and other pertinent information, the study evaluates the competitive landscape and global market growth trend based on the business overview and helps businesses and investment organizations better grasp the market's growth characteristics.

The China Medical Supplies Market size was US$ 53,963.2 million in 2021 and is forecast to reach US$ 73,228.7 million by 2027, growing at a compound annual growth rate (CAGR) of 5.2% during the forecast period from 2022 to 2027.

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Regional Analysis:

According to the United States, Bureau of Labor Statistics, healthcare employment is likely to grow 16% from 2020 to 2030, much faster than the average for all occupations, with about 2.6 million new jobs. This projected increase is primarily due to an aging population, which indicates a higher demand for healthcare services. In May 2021, the median annual wage for healthcare practitioners and technical sectors (such as registered nurses, physicians and surgeons, and dental hygienists) was US$ 75,040, which was higher than the economy's median annual wage of US$ 45,760.

COVID-19 Impact:

Global COVID-19 cases have climbed above 516 million as of May 2022, and the death toll has exceeded 6.25 million. COVID-19 has disproportionately impacted specific racial and ethnic minority groups, as well as underserved and marginalized communities, highlighting the persistent challenges of health equity and health outcomes.

As sector players and the customers, they serve to adapt to a new world of remote working, virtual doctor visits, and a supply chain plagued by shortages of medical goods, employees, and services, the sector is reforming to become more customer-centric.'

Major Key Players in China Medical Supplies Market are:

Sichuan Nigale Biomedical Co. Ltd.
Jiangsu Likang Group Corporation
Shandong Qiaopai Group
Shanghai Johnson & Johnson Co. Ltd.
Suzhou Capsugel Co. Ltd
Segmental Analysis:

The segmentation section of the report focuses on every segment, along with highlighting the ones having a strong impact on the market. The segmentation served as the foundation for finding businesses and examining their financial standings, product portfolios, and future growth potential. The second step entailed evaluating the core competencies and market shares of top firms in order to predict the degree of competition. A bottom-up method was used to assess the market's overall size.

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Segmentation Overview

By Type

Advanced Wound Dressings
Catheters
Diagnostic Supplies
Dialysis Consumables
Disinfectants
Infusion & Injectable Supplies
Intubation & Ventilation Supplies
Personal Protective Equipment
Radiology Consumables
Sterilization Consumables
Surgical Wound Care
Traditional Wound Care
Wound Care Consumables
Other Medical Supplies
By Application

Cardiology
Infection Control
Radiology
Respiratory
Urology
Wound Care
Other Application
By End User

Hospitals
Clinics
Ambulatory surgical centers
Other end users
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About Astute Analytica:

Astute Analytica is a global analytics and advisory company that has built a solid reputation in a short period, thanks to the tangible outcomes we have delivered to our clients. We pride ourselves in generating unparalleled, in-depth, and uncannily accurate estimates and projections for our very demanding clients spread across different verticals. We have a long list of satisfied and repeat clients from a wide spectrum including technology, healthcare, chemicals, semiconductors, FMCG, and many more. These happy customers come to us from all across the globe.

They are able to make well-calibrated decisions and leverage highly lucrative opportunities while surmounting the fierce challenges all because we analyze for them the complex business environment, segment-wise existing and emerging possibilities, technology formations, growth estimates, and even the strategic choices available. In short, a complete package. All this is possible because we have a highly qualified, competent, and experienced team of professionals comprising business analysts, economists, consultants, and technology experts. In our list of priorities, you-our patron-come at the top. You can be sure of the best cost-effective, value-added package from us, should you decide to engage with us.

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This release was published on openPR.