Medical Supplies Market Size, Share, Growth, Sales Revenue and Key Drivers Analysis Research Report by 2027
Medical Supplies Market
The global medical supplies market size is anticipated to reach USD 180.89 Billion by 2027 at a CAGR of 4.5%, according to a recent analysis by Emergen Research. An increase in diseases related to the unhealthy lifestyle of the people is one of the major factors favouring market growth. The increased number of hospitals and super speciality clinics have also favoured the growth of the demand for medical supplies.
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The Medical supplies market report is an investigative study encompassing industry insights along with crucial market data such as facts and figures, technological and product advancements, and analysis of key segments. The important data is gathered through rigorous primary and secondary research and the information is further validated and verified by industry experts and professionals. The report offers a panoramic view of the industry with a special focus on global and regional segments.
The disinfectant type is anticipated to grow with a significant CAGR of 5.1% during the forecast period. The demand for disinfectants has witnessed a sudden rise due to the outbreak of the COVID-19 which have made it important to maintain a clean, healthy and virus-free environment. However, in terms of revenue, the others application segment is predicted to dominate the medical supplies market, with USD 25.31 Billion in the year 2019. The others application segment includes the growing number of surgical procedures, prevalence of dental diseases, proper waste disposal methods, etc.
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North America accounted for the largest market share of 35.8% in 2019, owing to the highly advanced healthcare facilities in the region and the existence of major medical device companies. The Asia Pacific region is predicted to have a high growth rate throughout the forecast period, owing to the technological advancements in the region. The regional growth can be accredited to India, Japan, and China owing to factors such as the growing advancements by the prominent players and increased support from the government.
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Key Features of the Report:
- Holistic view of the Medical supplies market and key segments
- Examination and identification of the growth prospects, market drivers and trends, and potential opportunities
- Assessment and analysis of the micro and macro-economic factors
- Competitive landscape benchmarking
- Extensive regional analysis
- Product types and application spectrum segmentation and analysis
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