[225 Pages Report] The Medical Supplies Market is expected to reach $136.63 billion, at a CAGR of 6.8%
The research report provides a detailed overview of the major drivers, restraints, challenges, opportunities, and strategies impacting the global Medical Supplies Market along with the estimates and forecasts of the revenue and market share analysis
The major factors driving the growth of this market are rising geriatric population, increasing incidence of various diseases, and rising number of surgeries.
Medical Supplies application in Urology, Wound Care, Anesthesia and Sterilization drives the growth of Medical Supplies Market
Several factors, such as the increasing incidence of diabetes, rising geriatric population, and growing awareness about wound care, have triggered the growth of the wound care market across the globe. According to the International Diabetes Federation. globally, 366 million people were affected by diabetes, and this figure is expected to reach 552 million by 2030. According to the CDC, up to one in three American adults will have diabetes by 2050.
This is an important indicator for the growth in demand for wound care products in the coming years because ~15% of the total diabetic population suffers from diabetic foot ulcers (Source: Cellular and Molecular Basis of Wound Healing in Diabetes by Brem H., Journal of Clinical Investigation). Thus, the increasing incidence of diabetes will correspondingly drive the demand for wound care consumables.
Medical Supplies Market segmentation:
· based on type.
· based on application.
· based on end user.
· based on region.
The Major Players Operating in the Medical Supplies Market:
The companies focus on product launches, acquisitions, and agreements to enhance its product portfolio are the Key Strategies Adopted by Leading Market Players to Foster Growth in the Global Medical Supplies Market.
The key players in the Medical Supplies Market include Medtronic plc (Ireland), B. Braun Melsungen AG (Germany), Becton, Dickinson and Company (U.S.), Cardinal Health, Inc. (U.S.), Halyard Health, Inc. (U.S.), Johnson & Johnson (U.S.), Thermo Fisher Scientific Inc. (U.S.), Boston Scientific Corporation (U.S.), Baxter International Inc. (U.S.), and 3M Company (U.S.).
Geographical Detailed Analysis for Medical Supplies Market:
The Medical Supplies Market is segmented into North America, Europe, Asia, and the Rest of the World (Row).
Asia is projected to be the fastest-growing region in the forecast period, owing to factors such as the rising geriatric population, increasing incidence of various diseases, growing medical tourism industry, and improving healthcare infrastructure.
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