Medical Supplies Market Growth and Restrain Factors Analysis Report

InsightAce Analytic Pvt. Ltd. announces the release of a market assessment report on the "Global Medical Supplies Market- (By Type (Diagnostic Supplies, Infusion & Injectable Supplies, Intubation & Ventilation Supplies, Disinfectants, Personal Protective Equipment, Sterilization Consumables, Wound Care Consumables, Dialysis Consumables, Radiology Consumables, Catheters, Sleep Apnea Consumables, Other Medical Supplies), By Application (Urology, Wound Care, Radiology, Respiratory, Infection Control, Cardiology, IVD, Other Applications), By End User (Hospitals, Clinics/Physician Offices, Other End Users)), Trends, Industry Competition Analysis, Revenue and Forecast To 2031."

According to the latest research by InsightAce Analytic, the Global Medical Supply Delivery Services Market Size is valued at 60.90 Bn in 2023 and is predicted to reach 122.73 Bn by the year 2031 at a 9.36 % CAGR during the forecast period for 2024-2031.

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Medical equipment and device supplies-commonly referred to as medical supplies-are essential for use across hospitals, healthcare facilities, and clinics. These include thermometers, glucose meters, blood processing instruments, wound care equipment, and patient monitoring systems, among others. The global medical supplies market is projected to witness significant growth, driven by the rising incidence of infectious and chronic diseases, as well as the increasing frequency of epidemic and pandemic outbreaks.

Additionally, heightened demand for infection control measures to address hospital-acquired infections, coupled with a surge in surgical procedures, is fueling market expansion. The introduction of technologically advanced medical supplies by leading industry players is further enhancing the ability of healthcare professionals to deliver effective patient care. Moreover, hospitals and outpatient centers are implementing stringent infection prevention protocols, contributing to the sustained growth of the market.

List of Prominent Players in the Medical Supplies Market:
• 3M
• Abbott
• Acell, Inc.
• B. Braun Melsungen Ag
• Baxter
• Becton, Dickinson And Company
• Boston Scientific Corporation
• Cardinal Health
• Coloplast Group
• Convatec Inc.
• Cook Medical
• Deroyal Industries, Inc.
• Fresenius Medical Care Ag & Co. Kgaa
• Hamilton Medical
• Invacare Corporation
• Johnson & Johnson Services, Inc.
• Kerecis
• Medline Industries, Inc.
• Medtronic Plc
• Merit Medical Systems
• Shenzhen Medrena Biotech Co., Ltd.
• Smith & Nephew
• Stryker
• Teleflex Incorporated
• Terumo Corporation
• Thermo Fisher Scientific Inc.

Market Dynamics:
Drivers-
The global rise in disease prevalence is a key factor expected to drive the growth of the medical supplies market during the forecast period. The expansion of the elderly population further supports market growth, as this demographic typically requires more frequent medical interventions. Additionally, the increasing volume of surgical procedures worldwide presents significant opportunities for market expansion in the coming years.

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Challenges:
The growth of the medical supplies market is hindered by stringent regulatory requirements governing product approval. Compliance with these regulations, while essential for quality and safety, can slow market progression. Furthermore, the rising number of product recalls poses additional challenges to industry growth. Limited availability of spare parts for the refurbishment of medical equipment in developing regions also remains a pressing concern, potentially restraining market expansion.

Regional Trends:
North America is projected to hold a substantial share of the global medical supplies market and is expected to maintain a strong growth trajectory. The United States, in particular, has fueled this dominance through the adoption of innovative and cost-efficient hospital supply solutions. The increasing incidence of hospital-acquired infections, along with the rising prevalence of infectious diseases, continues to bolster demand. Disposable medical supplies have experienced remarkable growth in recent years, a trend expected to persist across the region. According to the CDC, approximately 5% of patients in developed nations contract hospital-acquired infections, highlighting the continued need for effective medical supplies.

In the Asia-Pacific region, rapid population growth, rising R&D investments, and technological advancements in healthcare are driving market expansion. China, in particular, is poised to lead regional growth due to its accelerated technological progress, robust manufacturing capacity for consumable medical supplies, and a broad base of healthcare enterprises. This combination positions China ahead of other East Asian nations in terms of market growth potential.

Recent Developments:
• In May 2022, Cardinal Health and URAC, the foremost independent health care accrediting organisation in the United States, have entered into a collaborative agreement aimed at facilitating the accreditation process for Cardinal Health's clientele seeking accreditation for their speciality pharmacies and practises.
• In Mar 2022, the The NuVent balloon is introduced by Medtronic to treat eustachian tube dysfunction. A balloon section that is extensible allows for individualised placement based on patient anatomy. With the aid of endoscopic guidance, the balloon-shaped handpiece of the device facilitates easy access to the patient's eustachian tube through the nasal opening.

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Segmentation of Medical Supplies Market-
By Type
• Diagnostic Supplies
o Blood Collection Consumables
o Other Sample Collection Consumables
• Infusion & Injectable Supplies
• Intubation & Ventilation Supplies
• Disinfectants
o Hand Disinfectants
o Skin Disinfectants
o Surface Disinfectants
o Instrument Disinfectants
• Personal Protective Equipment
o Hand & Arm Protection Equipment
o Eye & Face Protection Equipment
o Protective Clothing
o Foot & Leg Protection Equipment
o Surgical Drapes
o Other Protection Equipment
• Sterilization Consumables
• Wound Care Consumables
o Advanced Wound Dressings
o Surgical Wound Care
o Traditional Wound Care
• Dialysis Consumables
o Hemodialysis Consumables
o Peritoneal Dialysis Consumables
• Radiology Consumables
• Catheters
o Cardiovascular Catheters
o Intravenous Catheters
o Urological Catheters
o Specialty Catheters
o Neurovascular Catheters
• Sleep Apnea Consumables
• Other Medical Supplies
By Application
• Urology
• Wound Care
• Radiology
• Respiratory
• Infection Control
• Cardiology
• IVD
• Other Applications

By End User
• Hospitals
• Clinics/Physician Offices
• Other End Users
By Region
North America
• The US
• Canada
• Mexico
Europe
• Germany
• The UK
• France
• Italy
• Spain
• Rest of Europe
Asia-Pacific
• China
• Japan
• India
• South Korea
• South East Asia
• Rest of Asia Pacific
Latin America
• Brazil
• Argentina
• Rest of Latin America
Middle East & Africa
• GCC Countries
• South Africa
• Rest of the Middle East and Africa

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