Healthcare

According to a market report by Lucintel, the future of the medical supplies market looks promising with opportunities in the urology, wound care, radiology, respiratory, infection control, cardiology, IVD, and other applications. The global medical supplies market is expected to reach an estimated $172.2 billion by 2028 with a CAGR of 3.5% from 2023 to 2028. The major drivers for this market are growing demand for infection control measures to control hospital acquired infections, increasing cases of communicable diseases, and the rising number of accidents and trauma cases.



In this market, 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 are the major segments of medical supplies market by product type. Lucintel forecasts that catheters will remain the largest product type segment over the forecast period due to the growing cases of cardiovascular diseases and increasing number of catheter related surgeries across the globe.



Within this market, other applications is expected to remain the largest segment due to the increasing volume of surgical procedures and growing focus towards proper waste disposal of the medical supplies.



North America will remain the largest region due to presence of advanced healthcare infrastructure, increasing expenditure on healthcare, and growing number of surgeries in the region.

Medtronic plc, Cardinal Health, Becton, B. Braun Melsungen AG, and Boston Scientific Corporation are the major suppliers in the global medical supplies market.  



Lucintel, a leading global strategic consulting and market research firm, has analyzed growth opportunities in the global medical supplies market by product type, application, end use, and region. Lucintel has compiled a comprehensive research report entitled “Growth Opportunities in the Global Medical Supplies Market 2023-2028: Trends, Forecast, and Opportunity Analysis.” The Lucintel report serves as a catalyst for growth strategy, as it provides comprehensive data and analysis on trends, key drivers, and directions. The study includes trends and forecast for the global medical supplies market by product type, application, end use, and region, as follows:

This more than 150-page research report will enable you to make confident business decisions in this globally competitive marketplace. For a detailed table of contents, contact Lucintel at +1-972-636-5056 or email us at helpdesk@lucintel.com.

 

Lucintel, the premier global Management Consulting and market research firm, creates winning strategies for growth. Lucintel offers market assessments, competitive analysis, opportunity analysis, Growth Consulting, M&A, and Due diligence services to executives and key decision-makers in a variety of industries. For further information, visit www.lucintel.com.

 

Q.1. What are some of the most promising, high-growth opportunities for the medical supplies market by product 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, and others), application (urology, wound care, radiology, respiratory, infection control, cardiology, IVD, and other applications), end use (hospitals, clinics/physician offices, and others), and region (North America, Europe, Asia Pacific, and the Rest of the World)?

Q.2. Which segments will grow at a faster pace and why?

Q.3. Which region will grow at a faster pace and why?

Q.4. What are the key factors affecting market dynamics? What are the key challenges and business risks in this market?

Q.5. What are the business risks and competitive threats in this market?

Q.6. What are the emerging trends in this market and the reasons behind them?

Q.7. What are some of the changing demands of customers in the market?

Q.8. What are the new developments in the market? Which companies are leading these developments?

Q.9. Who are the major players in this market? What strategic initiatives are key players pursuing for business growth?

Q.10. What are some of the competing products in this market and how big of a threat do they pose for loss of market share by material or product substitution?

Q.11. What M&A activity has occurred in the last 5 years and what has its impact been on the industry?