Global Medical Supplies Market – Industry Trends and Forecast to 2030

Global Medical Supplies Market, By Type (Diagnostic Supplies, Dialysis Consumables, Inhalation Products, Wound Care Consumables, Radiology Consumables, Infection Control Supplies, Infusion Products, Intubation and Ventilation Supplies, Personal Protection Equipment (PPE), Hypodermic Products, Sterilization Consumables, Other Medical Supplies), Application (Urology, Wound Care, Radiology, Anaesthesia, Sterilization, Cardiology, Ophthalmology, Other Applications), End User (Hospitals, Clinics/Physician Offices, Assisted Living Centres and Nursing Homes, Ambulatory Surgery Centres, Other End Users) – Industry Trends and Forecast to 2030.

Medical Supplies Market Analysis and Size

Increased incidences of communicable diseases, combined with growing public awareness about hospital-acquired infections, are all contributing to the overall growth of the hospital supplies market. The demand for hospital supplies is also increasing in developing countries. When compared to the major countries present globally, countries such as Brazil and India are gradually increasing their hospital bed density figures.                                   

Data Bridge Market Research analyzes that the global medical supplies market which was USD 138.40 billion in 2022, is expected to reach  USD 163.59 billion by 2030, and is expected to undergo a CAGR of 15.60% during the forecast period 2023 to 2030. “Diagnostic Supplies” dominates the type segment of the global medical supplies market owing to the increasing prevalence of diseases. In addition to the insights on market scenarios such as market value, growth rate, segmentation, geographical coverage, and major players, the market reports curated by the Data Bridge Market Research also include depth expert analysis, patient epidemiology, pipeline analysis, pricing analysis, and regulatory framework.       

Medical Supplies Market Scope and Segmentation

Market Definition

Medical personnel, facilities, and institutions use a wide range of materials, equipment, instruments, tools, and consumables to offer patients with medical care, diagnosis, treatment, and support. These supplies are crucial parts of the healthcare system and are crucial for preserving peoples' health and wellbeing. They are used in a variety of healthcare facilities, including hospitals, clinics, labs, nursing homes, and settings for home healthcare. Maintaining high-quality healthcare standards and fostering favourable patient outcomes depend on the availability and effective use of appropriate medical supplies.

Global Medical Supplies Market Dynamics

 Drivers

• Rise in the  Prevalence of Communicable Diseases

The rise in the prevalence of communicable diseases has emerged as a significant driver in the global medical supplies market. The increased occurrence of infectious diseases, such as respiratory infections, sexually transmitted diseases, and vector-borne illnesses, has created a growing demand for medical supplies. This includes personal protective equipment (PPE) like masks, gloves, and gowns, as well as diagnostic tests, disinfectants, and vaccines. The need to effectively manage and control the spread of these diseases has propelled the market for medical supplies, prompting manufacturers and suppliers to expand production capacities and develop innovative solutions to meet the rising global demand.

• Increasing Rate of Surgical Procedures

The increasing rate of surgical procedures has become a key driver in the global medical supplies market. The growing global population, advancements in medical technology, and the rise in chronic diseases have contributed to a surge in surgical interventions. This has led to a higher demand for surgical instruments, implants, anesthesia supplies, sterile disposables, and other medical supplies used in operating rooms. In addition, the increasing preference for minimally invasive surgeries and the expanding geriatric population, which requires more surgical interventions, have further boosted the market. To cater to this escalating need, medical supply manufacturers are focusing on product innovation, quality assurance, and expanding their distribution networks.

Opportunity

• Growing Investment for Healthcare Facilities

The growing investment for healthcare facilities presents a significant opportunity in the global medical supplies market. Governments and private investors are increasingly recognizing the importance of robust healthcare infrastructure to meet the rising healthcare needs of growing populations. This has led to increased funding and investments in healthcare facilities, including hospitals, clinics, and specialized healthcare centers. As a result, there is a higher demand for medical supplies to equip these facilities adequately. This provides an opportunity for medical supply manufacturers and suppliers to expand their market presence, forge strategic partnerships, and offer innovative products and solutions to meet the evolving needs of healthcare facilities worldwide.

Restraint/Challenge

• Strict Governing Needs and Compliances

Strict governing needs and compliances pose a significant restraint and challenge in the global medical supplies market. The medical supplies industry is subject to stringent regulations and compliance requirements imposed by various regulatory bodies and health authorities worldwide. Adhering to these standards can be costly and time-consuming for manufacturers and suppliers, especially for small and medium-sized enterprises. Moreover, the complexity of navigating multiple regulatory frameworks across different countries adds further challenges. Non-compliance can result in fines, product recalls, and reputational damage. Therefore, ensuring adherence to governing needs and compliances while maintaining cost-effectiveness and product quality remains a major challenge for businesses in the global medical supplies market.

This global medical supplies market report provides details of new recent developments, trade regulations, import-export analysis, production analysis, value chain optimization, market share, the impact of domestic and localized market players, analyzes opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographic expansions, and technological innovations in the market. To gain more info on the surgical microscopes market contact Data Bridge Market Research for an Analyst Brief, our team will help you make an informed market decision to achieve market growth.   

Recent Development

• In March 2021, PARI Pharma GmbH announced in the approval of the LAMIRA Medical supplies System for the delivery of Insmed's drug product ARIKAYCE in Japan

Global Medical Supplies Market Scope

The global medical supplies market is segmented on the basis of type, application and end user. The growth amongst these segments will help you analyze meager growth segments in the industries and provide the users with a valuable market overview and market insights to help them make strategic decisions for identifying core market applications.

Type

• Diagnostic Supplies
• Dialysis Consumables
• Inhalation Products
• Wound Care Consumables
• Radiology Consumables
• Infection Control Supplies
• Infusion Products
• Intubation and Ventilation Supplies
• Personal Protection Equipment (PPE)
• Hypodermic Products
• Sterilization Consumables
• Other Medical Supplies

Application

• Urology
• Wound Care
• Radiology
• Anaesthesia
• Sterilization
• Cardiology
• Ophthalmology
• Other Applications

End User

• Hospitals and Clinics
• Assisted Living Centres
• Nursing Homes
• Ambulatory Surgery Centers​​​​​​​
• Others

Global Medical Supplies Market Regional Analysis/Insights   

The global medical supplies market is analyzed and market size insights and trends are provided by country, type, application and end user as referenced above.       

The countries covered in the global medical supplies market report are U.S., Canada, Mexico, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, rest of Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, rest of Asia-Pacific, Saudi Arabia, U.A.E., South Africa, Egypt, Israel, rest of Middle East and Africa, Brazil, Argentina, and rest of South America.     

North America dominates the global medical supplies market because of the increasing healthcare initiatives, the strong presence of major players in the market, increasing cases of infective diseases and rising number of research activities in this region.

Asia-Pacific is expected to witness significant growth in the global medical supplies market during the forecast period of 2023 to 2030 due to the increase in government initiatives to promote awareness, growing research activities in the region, availability of massive untapped markets, large population pool, and the growing demand for quality healthcare in the region.

The country section of the report also provides individual market-impacting factors and changes in regulation in the market domestically that impact the current and future trends of the market. Data points like downstream and upstream value chain analysis, technical trends, Porter's five forces analysis, and case studies are some of the pointers used to forecast the market scenario for individual countries. Also, the presence and availability of global brands and their challenges faced due to large or scarce competition from local and domestic brands, the impact of domestic tariffs, and trade routes are considered while providing forecast analysis of the country data.   

Healthcare Infrastructure Growth Installed Base and New Technology Penetration

The global medical supplies market also provides you with detailed market analysis for every country's growth in healthcare expenditure for capital equipment, installed base of different kinds of products for the global medical supplies market, the impact of technology using lifeline curves and changes in healthcare regulatory scenarios and their impact on the global medical supplies market. The data is available for the historic period 2015-2020.      

Competitive Landscape and Global Medical Supplies Market Share Analysis

The global medical supplies market competitive landscape provides details of competitors. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, and application dominance. The above data points provided are only related to the companies' focus related to the market.     

Some of the major players operating in the global medical supplies market are:    

• enVista LLC (U.S.)
• American Orthodontics (U.S.)
• 3M (U.S.)
• Danaher (U.S.)
• Henry Schein, Inc. (U.S.)
• Dentsply Sirona (U.S.)
• Align Technology, Inc. (U.S.)
• Rocky Mountain Orthodontics (U.S.)
• G&H Orthodontics (U.S.)
• TP Orthodontics, Inc (U.S.)
• DENTAURUM GmbH & Co. KG (Germany)
• Great Lakes Dental Technologies (U.S.)
• DB Orthodontics (U.K.)
• Institut Straumann AG (Switzerland)
• Ultradent Products, Inc. (U.S.)
• TOMY Inc., 3Shape A/S (Denmark)
• Leone S.p.A., (Italy)