Booming global healthcare industry is impacting medical supplies market favourably, in turn propelling higher demand for improved equipment and medicines for diagnosis, treatment and monitoring of medical conditions. Global medical supplies market mainly includes hospital supplies market which is further segmented into general/disposable supplies, sterilization & disinfectant, syringes & needles mobility aids & transportation, surgical, diagnostic & examination supplies and other equipment. Out of these, disposable equipment dominates the market followed by needles & syringes. Common medical supplies include bandages, sutures, disposable gloves, medical tapes, plasters, drainage bags, first aid kits, syringes, wound dressing, bone & skin grafts, catheters and others.
Factors like ageing population, rising volume of hospitals and various associated surgical & outpatient procedures are contributing to growth of global medical supplies market. Also, rising prevalence of chronic & infectious diseases is driving various technological innovations involving upgradation and enforcement of infection prevention standards.
Geographically, Asia Pacific presents optimistic growth opportunities due to rising volume of hospitals and higher investments in medical product manufacturing. Although, industry is facing high barrier to entry for suppliers focusing on newer markets due to strict regulatory audits, pricing pressures by mature markets and relatively stagnant market of budgetary restraints in healthcare industry.
Technological innovation and developments involving assistive robotic surgery focusing central nervous system, multimodality in diagnostic imaging and prefilled inhalers & transdermal patches treating chronic conditions are expected to drive medical supplies market. Other trends emerging in the industry are emergence of laser technology, portable equipment and implementation of new polymer & bioengineered tissue sealants allowing rapid recovery of postoperative patients.
ASDReport.com has an extensive collection of reports on medical supplies. The reports provide insights on topics related to market dynamics, technologies, and trends & challenges pertaining to medical consumables, orthodontic supplies, endodontic supplies, wound dressing, tissue culture supplies, orthopedic fixators, skin substitutes, bone cement materials, absorbable & wire sutures and much more.