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Global medical supplies market report expected to reach at a CAGR of 6.9% by 2024 just published

Global medical supplies market report expected to reach at a CAGR of 6.9% by 2024 just published

The new market Report "Global Medical Supplies Market" accounted to USD 102.1 billionin 2016 growing at a CAGR of 6.9%during the forecast period of 2017 to 2024.

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"Global 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);Geography (North America, Europe, Asia-Pacific, Europe, South America, Middle East and Africa) – Industry Trends and Forecast to 2024

The upcoming market report contains data for historic year 2015, the base year of calculation is 2016 and the forecast period is 2017 to 2024.

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Medical Supplies companies manufacture and circulate a wide range of items, from surgical and dental instruments to elective laser surgery equipment to orthopedic products in order to optimize profits. As, theses market are equally competitive and consist of different types such as wound care,infection control, inhalation and infusion and many more.

Major market drivers and restraints:

  • Increasing rate ofhospital-acquired infections (HAIs) and disease
  • Growth in geriatric population
  • Increasing surgeries procedure
  • Government support
  • Increment in per capita income

Market Segmentation:

On the basis of types, global medical supplies market is segmented intodiagnostic, dialysis, wound care, inhalation, infection control, infusion, intubation and personal protective equipment (PPE).

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 On the basis ofapplication, global medical supplies market is segmented into anesthesia, radiology and sterilization. Anesthesia segment is expected to witness the highest growth in the forecastperiod due to rise in respiratory diseases rate and increasing number of surgical procedure.

On the basis of end user, global medical supplies market is segmented intohospital, clinic and nursing home.

On the basis of geography, global medical supplies market report covers data points for 28 countries across multiple geographies such as North America, South America, Europe, Asia-Pacific, and Middle East & Africa. Some of the major countries covered in this report are U.S., Canada, Germany, France, U.K., Netherlands, Switzerland, Turkey, Russia, China, India, South Korea, Japan, Australia, Singapore, Saudi Arabia, South Africa, and Brazil among others.

In 2017, North America is expected to dominate the market.

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Competitive Analysis:

The global medical supplies market is highly fragmented and the major players have used various strategies such as new product launches, expansions, agreements, joint ventures, partnerships, acquisitions, and others to increase their footprints in this market. The report includes medical suppliesmarket shares for global, Europe, North America, Asia Pacific, and South America.

Major Market Competitors:

Some of the major players of the global medical supplies market areBoston Scientific Corporation, GE Healthcare, Johnson & Johnson Services Inc., Siemens AG, Medtronic, Baxter,Becton, Dickinson and Company, Fresenius Medical Care AG & Co. KGaA, Cardinal Health, B. Braun Melsungen AG, Thermo Fisher Scientific, Koninklijke Philips NV,Novartis AG, Halyard Health, Inc., Covidien plc and 3M among others.

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