The medical supplies market is expected to reach USD 136.63 Billion by 2021 from USD 98.33 Billion in 2016, at a CAGR of 6.8% from 2016 to 2021. Medical supplies market was dominated by North America, followed by Europe, Asia, & RoW. Asia projected to be fastest-growing region in forecast period, owing to factors like rising geriatric population, increasing incidence of various diseases, growing medical tourism industry, & improving healthcare infrastructure.
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In medical supplies market report, is classified on basis of type, application, end user, & region. Based on type, market segmented into diagnostic supplies, dialysis consumables, wound care consumables, inhalation products, radiology consumables, infection control supplies, infusion products, intubation and ventilation supplies, personal protective equipment (PPE), hypodermic products, sterilization consumables, and other supplies.
Dialysis consumables segment projected to register highest CAGR during forecast period.
Complete Report on Medical Supplies Market spread across 225 Pages, Profiling 11 Companies and Supported with 150 Tables and 61 Figures is now available at www.rnrmarketresearch.com/medical-…arket-report.html .
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In medical supplies market report, major factors contributing to the growth of this market include increasing patient pool for renal diseases, rising incidence of diabetes and hypertension, growing geriatric population, and increasing adoption of dialysis procedures over kidney transplantations. Factors such as increasing incidence of hospital-acquired infections (HAIs), rising number of surgeries, increasing incidence of various diseases, and growing geriatric population are driving the growth of the market.
Target Audience for this Report:
- Medical supplies associations
- Research & consulting firms
- Distributors of medical supplies
- Contract manufacturers of medical supplies
- Healthcare institutes (hospitals, medical schools, diagnostic centers, blood banks, and outpatient clinics)
- Research institutes and clinical research organizations (CROs)
- Venture capitalists
- Government associations
Growth in medical supplies market is primarily driven by the increasing prevalence of chronic and infectious diseases, rising number of surgeries, growing geriatric population, and rising number of hospital-acquired infections (HAIs). However, strict and mandate regulatory requirements for the approval of medical supplies and rising number of product recalls are expected to hinder the growth of this market.
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Geographically, medical supplies market is segmented into North America, Europe, Asia, & Rest of the World (RoW). Asia is projected to be fastest-growing region in forecast period, owing to factors such as rising geriatric population, increasing incidence of various diseases, growing medical tourism industry, & improving healthcare infrastructure.
Medical Supplies Market Research Focuses on Drivers like
1 Rising Incidence of Diseases
2 Growing Geriatric Population
3 Increasing Incidence of Hospital-Acquired Infections
4 Growth in the Number of Surgical Procedures
Major players in medical supplies market are 3M Company (U.S.), Boston Scientific Corporation (U.S.), Medtronic plc (Ireland), Johnson & Johnson (U.S.), Thermo Fisher Scientific Inc. (U.S.), Cardinal Health, Inc. (U.S.), B. Braun Melsungen AG (Germany), Becton, Dickinson and Company (U.S.), Baxter International Inc. (U.S.), and Halyard Health, Inc. (U.S.).
Connect for More Details for More Information “Medical Supplies Market by Type (Diagnostic, Dialysis, Wound Care, Inhalation, Infection Control, Infusion, Intubation, PPE), Application (Anesthesia, Radiology, Sterilization) & End User (Hospital, Clinic, Nursing Home) - Global Forecast to 2021” report @ www.rnrmarketresearch.com/contacts…ying?rname=952206 .
In addition, medical supplies market company profiles comprise product portfolios, developments, and strategies adopted by the market players to maintain and increase their shares in market. Above mentioned market research data, current market size, & forecast of future trends will help key market players and new entrants to make the necessary decisions regarding product offerings, geographic focus, change in strategic approach and levels of output in order to remain successful in the medical supplies market.
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