Medical Supplies Market Trends, and Strategic Assessments of Leading Suppliers by 2027

The Global Medical Supplies Market in terms of revenue was estimated to be worth $138.4 billion in 2022 and is poised to reach $163.5 billion by 2027, growing at a CAGR of 3.4% from 2022 to 2027. The new research study provides the company evaluation quadrant for 30 companies operating in the medical supplies market. The new research study provides the company evaluation quadrant for 18 companies and the startup/SME company evaluation quadrant for 12 companies operating in the medical supplies market. The research study also consists of the market sizes for major countries in all regions, including North America, Europe, the Asia Pacific, and the Rest of the World. The growth in this market is driven by the increasing demand for infection control measures to control hospital acquired infections, the increasing demand for medical devices, the increasing number of ICU beds in hospitals and surgical centers, and the rising number of accidents and trauma cases.

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Browse in-depth TOC on “Medical Supplies Market”

174 – Tables

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281 – Pages

Key Market Players

The global medical supplies market is fragmented, with various companies contributing significantly to the market. The medical supplies market is fragmented in nature, with a large number of players offering a variety of products. The major players operating in this market are Medtronic, PLC. (Ireland), Cardinal Health (US), BD (US), Johnson & Johnson, Inc (US) and B. Braun Melsungen AG (Germany).

Medtronic plc (Ireland) accounted for the largest share of the market in 2021. The company has a strong medical disposables and consumables portfolio that includes wound care consumables, medication delivery, as well as blood and specimen collection. The company focuses on product launches, acquisitions, and agreements to enhance its product portfolio.

Cardinal Health (US) held the second-largest share of the medical supplies market in 2021. The company has a wide product portfolio, including infection control products, patient care consumables, and wound management products.

BD (US) accounted for the third-largest share of the medical supplies market in 2021. The company’s medical supplies portfolio includes diabetes care consumables, infusion therapy products, and pharmacy products. The company focuses on expanding its presence in the market through product launches, approvals, agreements, expansions, and acquisitions.

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North America was the largest regional market for medical supplies market in 2021.

The medical supplies market is segmented into five major regions, namely, North America, Europe, Asia Pacific, Rest of the World. North America held the largest share of the medical supplies market in 2021, followed by Europe. The largest market share of North America is driven by the high incidence of strong presence of industry players, high prevalence of chronic and infectious diseases, and advanced healthcare infrastructure in the region.

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