Increasing number of patients who require long-term therapy or surgery, drug delivery, and related
products is expected to increase the demand for medical supplies, in turn driving growth of the
market. The usage of safety-enhanced devices for the minimally invasive delivery of parenteral
medicines, IV solutions, and inhalation therapies will lead to the growth of the market. The rising
prevalence of chronic conditions such as cancer, heart disorders, neurological disorders, and
gynecological disorders will lead to an increase in the number of hospitalizations, thereby
increasing the demand for medical supplies. For instance, according to the CDC foundation, in
2015, around 800,000 people in the U.S. died due to stroke and other cardiovascular diseases. By
the ageing demographic, there is a huge drive to develop devices that can both help the treatment of
age-related conditions and early diagnosis chronic diseases. According to United Nations
Organization, there are an estimated 962 million people aged 60 or over in the world in 2017,
comprising 13% of the global population and this population is continuously growing at a rate of
about 3 per cent per year. Currently, Europe has the greatest percentage of population aged 60 or
over (25%) in the same year.
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Medical Supplies Market Restraints
This market is fragmented with various large to small scale players, thus competition is very high
among players to compete with. Vendors continuously cutting prices on legacy products to retain
the market share and support production volume and net profit. Majority of the disposable products
that are not protected by patents are more likely to open to competition. Thus all these factors may
restraint the overall market growth to some extent. To overcome these factors, competitors need to
improve their products that are already present in the market through technologies and might boost
R&D spending to overcome any technology shortcomings.
Medical Supplies Market - Regional Analysis
On the basis of region, global medical supplies market is segmented into North America, Latin
America, Europe, Asia Pacific, Middle East, and Africa. Demand for medical supplies in the
Western Europe, U.S., Japan, and most other developed countries will increase at a slow pace, as
their medical supplies are already well established and have adopted stringent infection prevention
standards to meet the health care needs of people. By contrast, growth in the BRIC (Brazil, Russia,
India, and China) countries and many other emerging economies expected to spur as health care
sectors are modernized, expanding, and adapting to formal infection prevention protocols.
Medical Supplies Market – Competitive Landscape
Some of the key players operating in the medical supplies market include B. Braun Melsungen AG,
Becton, Dickinson and Company, Cardinal Health, Inc., Halyard Health, Inc., Johnson & Johnson,
Thermo Fisher Scientific Inc., Boston Scientific Corporation, Baxter International Inc., and 3M
Company among others. Key players are adopting inorganic growth strategies such as merger and
acquisition to retain their position in the market. For instance, in 2017, Becton Dickinson completed
the acquisition of C.R. Bard, Inc., both companies will lead a position to improve the treatment of
disease for patients and the process of care for health care providers. Furthermore, in April 2018, B.
Braun Melsungen AG started five new and enhanced production plants and other administrative
buildings in Penang to manufacture medical devices for infusion therapy and surgical instruments
for the treatment of patients in Malaysia and across the world.
Medical Supplies Market – Taxonomy
By Product Type