The healthcare supplies market has been forecast based on volume (Tons) and value (US$ Mn) from 2016 to 2027. wherein 2019–2027 is the forecast period and 2018 is the base year. Data for 2017 has been included as historical information.
Global Healthcare Supplies Market: Snapshot
The international healthcare supplies market is currently riding on the demand for early detection of diseases for effective treatment and introduction of sophisticated medical devices by the leading firms in the industry. Hospital acquired infections (HAIs) are a serious issues in the healthcare industry and have increased the need for the implementation of top-end healthcare supplies even more.
Experienced analysts suggest that the world healthcare supplies market could be segmented according to product, application, and end use. Different segments of the market are closely analyzed to provide information on the largest and fastest segments under each category and their market share.
This report published by our expert panel of analysts have meticulously examined the important aspects of the global healthcare supplies market, viz. growth factors, restraints, trending opportunities, and competitive landscape. Buyers of the publication can illuminate their each step in the business with the epoch-making guidelines offered to ensure a promising turnaround.
Global Healthcare Supplies Market: Trends and Opportunities
As the need for optimum healthcare services is seeing a continuous rise with the augmenting percentage of worldwide population, the global market for healthcare supplies is anticipated to grow at a stirring rate. Presently, there is a dramatic growth witnessed on the part of home healthcare facilities, which is expected to offer a strong boost to the world healthcare supplies market. With an intensifying level of incidences of different disorders and medical conditions, the demand for advanced healthcare supplies will likely be on the higher side. Additionally, the quickly rising aging population has multiplied the magnitude of patient care activity.
The cost-sensitiveness exhibited by healthcare centers and hospitals with respect to the purchase of quality healthcare products is foretold to slightly dwindle the growth of the international healthcare supplies market. The stiff regulations prescribed under private and public health insurances related to the fees of medical procedures are the main reason for the end users becoming cost sensitive. However, the international market is predicted to take hold of an impressive degree of prominence in the medical devices sector on the back of product innovation. In this regard, the market is foreseen to be positively influenced during the course of the forecast period.
Global Healthcare Supplies Market: Geographical Analysis
On the geographic terms, the worldwide healthcare supplies market is prognosticated to announce North America as a key share holder followed by Asia Pacific. The swelling prevalence of obesity, hypertension, diabetes, cardiovascular diseases, and other lifestyle related health conditions could provide a lucrative rostrum for North America to display its dominance in the global market. Other factors such as frequent medical conferences, consolidated hospitals, choice initiatives by governments, and occupancy of significant market players are envisaged to further push the market growth.
Since the developing countries can furnish a promising podium for the players to rake in a thumping demand, the Asia Pacific market could steer its boat in just the right direction. Also forecasted to demonstrate a faster growth, Asia Pacific can count its rise on the high level of population, prevailing gap between demand and supply, and healthcare reforms making a steady headway.
Based on application, the global medical supplies market is segmented into urology, ophthalmology, radiology, anesthesia, sterilization, cardiology, wound care and others. Anesthesia was the largest application in 2016 due to increase in the number of surgical procedures performed and rise in respiratory diseases.
Based on type, the global medical supplies market is categorized into sterilization consumables, personal protective equipments (PPE), infusion products, radiology consumables, wound care consumables, diagnostic supplies, inhalation products, dialysis consumables, infection control supplies, intubation and ventilation supplies, hypodermic products, and other supplies. Among different types of medical supplies, dialysis consumable segment is expected to witness the fastest growth during the forecast period (2017-2023) due to increase in renal disease cases, rise in diabetic patients and aging population.
The key end-users of the global medical supplies market are ambulatory surgery centers, hospitals, assisted living centers, clinics and nursing homes. Among these, the hospitals are the major users of the medical supplies due to increase in investment in healthcare systems globally.
Global Healthcare Supplies Market: Competitive Landscape
Amongst the crucial players witnessing a breakthrough in their healthcare supplies business, C.R. Bard Inc., Covidien Plc, Johnson & Johnson, Invacare Corporation, and Bayer AG have pronounced their presence in the world healthcare supplies market. With a view to generate a stupendous share in the market, these companies are anticipated to consider product enhancements and other key business strategies. The study presented here digs deep into the competitive scenario while taking into account the impact of top players and their critical strategies sustaining them in the market.
Market segmentation based on geography:
- North America
- Asia Pacific
- Rest of the World
This report gives access to decisive data, such as:
- Market growth drivers
- Factors limiting market growth
- Current market trends
- Market structure
- Market projections for the coming years
Key highlights of this report include:
- Overview of key market forces propelling and restraining market growth
- Up-to-date analyses of market trends and technological improvements
- Pin-point analyses of market competition dynamics to offer you a competitive edge
- An analysis of strategies of major competitors
- An array of graphics and SWOT analysis of major industry segments
- Detailed analyses of industry trends
- A well-defined technological growth map with an impact-analysis
- Offers a clear understanding of the competitive landscape and key product segments
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