Medical Supplies Market – Analysis of Worldwide Industry Trends and Opportunities

Pune, India, 2020-Mar-24 — /EPR Network/ —

[225 Pages Report] The Medical Supplies Market is expected to reach USD 136.63 billion  at a CAGR of 6.8%.

The dialysis consumables segment is projected to register the highest CAGR during the forecast period. The major factors contributing to the growth of this market include increasing patient pool for renal diseases, rising incidence of diabetes and hypertension, growing geriatric population, and increasing adoption of dialysis procedures over kidney transplantations.

The increasing patient pool for renal diseases is the key driver for the global dialysis supplies market

According to Baxter International, Inc. (U.S.), 3.6 million dialysis and transplanted patients were reported in 2015; this is expected to reach over 4.6 million by 2020. In addition, in the U.S. alone, the number of ESRD cases is expected to reach 785,000 by 2020, due to the addition of ~151,000 patients per year, an increase of 60% as compared to 2005 [Source: The United States Renal Data System]. In addition, the increasing incidences of diabetes and hypertension; rising geriatric population; and increasing adoption of dialysis procedures over kidney transplantations are also supporting the growth of this market.

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The objectives of this study are as follows:

• To define, describe, and forecast the medical supplies market on the basis of type, application, end user, and region
• To provide detailed information regarding the major factors influencing growth of the market (drivers, restraints, opportunities, and challenges)
• To strategically analyze micromarkets1 with respect to individual growth trends, future prospects, and contributions to the overall market
• To analyze the opportunities in the market for stakeholders and provide details of a competitive landscape for market leaders
• To forecast revenue of the market segments with respect to four main regional segments, namely, North America, Europe, Asia, and the Rest of the World (RoW)

Major Medical Supplies Market Developments

• In November 2016, St. Jude Medical, Inc. (U.S.) launched its EnSite Precision Cardiac Mapping System and the Sensor Enabled Mapping Catheter in Europe.
• In April 2016, Acelity L.P., Inc. (U.S.) added seven new products to its existing TIELLE foam dressing product line in the U.S.
• In March 2015, Bayer Healthcare (Germany) received Japanese approval for its MRI contrast agent, Gadovist.

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Stringent Regulatory Requirements for the Approval of Medical Supplies is a major factor restraining the growth of the market. Regulatory authorities across the globe have laid down stringent regulations the approval and commercialization of medical supplies and consumables around the world. Regulatory bodies such as the U.S. Food and Drug Administration (FDA); the European Medical Device Directives (CE); and China Association for Medical Devices Industry (CAMDI) are responsible for the approval of medical supplies and consumables in the U.S., Europe, and China, respectively.

The major players in the medical supplies market include Becton, Dickinson and Company (U.S.), Boston Scientific Corporation (U.S.), Johnson & Johnson (U.S.), 3M Company (U.S.), Medtronic plc (Ireland), B. Braun Melsungen AG (Germany), Thermo Fisher Scientific Inc. (U.S.), Cardinal Health, Inc. (U.S.), Baxter International Inc. (U.S.), and Halyard Health, Inc. (U.S.).