Medical Supplies Market - Global Industry
Insights, Trends, Outlook, and Opportunity
Analysis, 2018-2026
The medical supplies industry consists of companies engaged in the manufacturing and distribution
of basic medical products such as surgical knives, forceps, gloves, syringes, bandages and
dressings, medical laboratory equipment, stethoscopes, dental drills, x-ray films, veterinarian
instruments, and other related supplies. The medical supplies excludes manufacturing and
distribution of high-tech medical equipment and retail sales of drugs. Several strategies are adopted
by the vendors of this industry to optimize profits. The companies with equipment supplies such as
interventional cardiology devices and dental devices require extensive capital expenditures and
revenue generation for their existence in the market. Their products are high-tech and large amount
is spend on research and development activities to maintain a steady rollout of new offerings.
However, profitability of the companies that supply disposable items such as syringes and surgical
gloves is dependent on procedure volume, particularly in hospitals and therefore, does not require
substantial amounts of capital expenditures. Therefore, availability of technologically advanced as
well as more effective products and rise in investment in healthcare sector is fueling the market
growth.
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Medical Supplies Market Drivers
Increasing volume of hospitals, surgical, and outpatient procedures, and upgradation and
enforcement of infection prevention standards is expected to increase the adoption of medical
supplies over the forecast period, thereby driving growth of medical supplies market. For instance,
in 2012, Kuwait Ministry of Health and Public Works announced a grant of US$ 4.4 billion to
replace and expand nine operating hospitals, which is expected to provide additional 5,400 beds,
150 operating rooms, and 500 outpatient clinics. This is expected to create a conducive environment
for growth of the market.