Global medical supplies market Outlook 2024: Opportunity and Growth Analysis – Dominated By Boston Scientific Corporation, GENERAL ELECTRIC, 3M, Johnson & Johnson Services Inc

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Global medical supplies market report consists of an important data that provides future forecast and detailed analysis on a global and regional level. This Global medical supplies market research report is a window for complete overview of the market where it covers various aspects such as product definition, segmentation based on various parameters, and the prevailing vendor landscape.  The Global medical supplies market accounted to USD 95.0 billion in 2016 growing at a CAGR of 7.0% during the forecast period of 2017 to 2024. The upcoming market report contains data for historic years 2015, the base year of calculation is 2016 and the forecast period is 2017 to 2024. Some of the major players operating in global medical supplies market are Boston Scientific Corporation, GENERAL ELECTRIC, 3M, Johnson & Johnson Services Inc., Zimmer Biomet, Cardinal Health, Inc., Siemens AG, Medtronic, Baxter, BD, Microport Scientific Corporation, Shenzhen Mindray Bio-Medical Electronics Co., Ltd

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Market Definition: 

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.

Competitive Analysis: 

The global medical supplies market is highly fragmented and is based on new product launches and clinical results of products. Hence the major players have used various strategies such as new product launches, clinical trials, market initiatives, high expense on research and development, agreements, joint ventures, partnerships, acquisitions, and others to increase their footprints in this market. The report includes market shares of medical supplies market for global, Europe, North America, Asia Pacific and South America.

Major Market Competitors: 

Some of the major players operating in global medical supplies market are Boston Scientific Corporation, GENERAL ELECTRIC, 3M, Johnson & Johnson Services Inc., Zimmer Biomet, Cardinal Health, Inc., Siemens AG, Medtronic, Baxter, BD, Microport Scientific Corporation, Shenzhen Mindray Bio-Medical Electronics Co., Ltd., Welch Allyn, OSI Systems, Inc., Fresenius Medical Care AG & Co. KGaA, C.R. Bard Inc., Cardinal Health, B. Braun Melsungen AG, Thermo Fisher Scientific, Koninklijke Philips N.V., Novartis AG, and Halyard Health, Inc. among others.

Report Segmentation:-

Global Medical Supplies Market by Type (Diagnostic, Dialysis, Wound Care, Inhalation, Infection Control, Infusion, Intubation, Personal Protection Equipment), Application (Wound Care, Urology, Radiology, Anesthesia, Sterilization, Cardiology, Ophthalmology, Others), End-Users (Clinics/Physician Offices, Hospitals, Assisted Living Centers & Nursing Homes, Ambulatory Surgery Centers, Others), Geography- Industry Trends and Forecast to 2024

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Major market drivers and restraints: 

  • Increasing rate of hospital-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 into diagnostic, dialysis, wound care, inhalation, infection control, infusion, intubation and personal protective equipment (PPE).

Personal protective equipment is again sub-segmented into hand & arm protection equipment, eye & face protection equipment, head protection equipment, foot & leg protection, and other protection equipment.

On the basis of application the global medical supplies market is segmented into diagnostic, dialysis, wound care, inhalation, infection control, infusion, intubation, and personal protection equipment

On the basis of end-users the global medical supplies market is segmented into clinics/physician offices, hospitals, assisted living centers & nursing homes, ambulatory surgery centers, and others.

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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