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Global COVID-19 Impact on Medical Supplies Market, By Type (Diagnostic Supplies, Disinfectants, Intubation & Ventilation Supplies, Personal Protection Equipment, Sterilization Supplies, Infusion & Injectable Suppliers, Dialysis Consumables, Wound Care Supplies, Radiology Supplies, and Other Medical Supplies); By End-user (Hospitals & Clinics, Ambulatory Care, and Home Setting) and Region – Analysis of Market Size, Share & Trends for 2019 – 2020 and Forecasts to 2030

Region:Global

Author(s):

Product Code:FG43

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Published on

July 2020

Total pages

200

Table of Content

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About the Report

About the Report

Market Overview
Medical supplies and equipment account for a high proportion of health care costs that have a significant impact on the quality of care. The healthcare sector has been booming worldwide over the last few years, largely due to the increasingly affluent population seeking high-quality care. The market for medical supplies is rising too rapidly along with the thriving healthcare sector, seeing the growing demand for treatment and surgical procedures.
Market Highlights
The impact of COVID-19 on Global Medical Supplies Market is expected to reach USD XXXX billion by 2030 from an estimated value of USD 78 billion in 2019, growing at a CAGR of 17.4 percent over the forecast period. The medical supply market is driven mainly by increased awareness of environmental & personal hygiene leading to increased demand for disinfectants, expansion of healthcare facilities due to increased COVID 19 patients, increased demand for PPE kits & N95 masks worldwide, increased demand for ventilators, and increased demand for diagnostic supplies. Furthermore, repurposing the liquor production lines to produce sanitizers gives players in this business an opportunity. While Delays in non-emergency treatment and surgical procedures and the impact of the lockdown on the supply chain and logistics are likely to curb the growth of this market.
Medical Supplies Market Expected Market Growth
Source: Fatpos Global
Recent Highlights in Global Medical Supplies Market
• USFDA Emergency Use Authorisation for Oxiris Blood Purification Filter for COVID-19 Treatment received by Baxter in April 2020
• The US company SanTan Brewing has repurposed its beer production line in Arizona to manufacture hand sanitizers. SanTan started producing 400 gallons of medical-grade hand sanitizer for first responders and health-care professionals in April 2020.
• Pernod Ricard 's Fort Smith, Ark, facility produced 1,000 gallons of hand sanitizer in New York (US) in March 2020; it originally produced Malibu coconut rum and Seagram's Gin.
• Diageo India, which markets McDowell's whiskey and Smirnoff vodka, declared in India (Bengaluru) that it will manufacture 300,000 liters of hand sanitizers.
Global Medical Supplies Market: Segments
During the forecast period, the disinfectant segment is projected to grow at the highest CAGR
The market is segmented into intubation and ventilation supplies, disinfectants, personal protective equipment, diagnostic supplies, supplies of sterilization, infusion and injection supplies, supplies of dialysis, supplies of wound care, supplies of radiology, and other medical supplies. During the forecast period, the disinfectant segment is expected to grow at the highest rate. This may be due to the increasing demand for sanitizers and other disinfectants to protect people from coronavirus cross-contamination.
The Hospital segment will drive growth in the demand for medical supplies in 2020
The medical supplies industry was segmented into hospitals, clinics, and other end-users, based on end-users. The segment of hospitals represented the largest market share in 2019 and expected to grow at the highest growth rate during the forecast period. This segment's highest growth is attributed to the growing demands for hospital beds and intensive care units, increased demand for specialized hospital staff, increased consumption of personal protective equipment.
Global Medical Supplies Market: Drivers and Restraints
Drivers
The increase in demand fuels the medical supplies market
Owing to the spread of the COVID-19 pandemic, demand for N95 masks, PPE kits, and ventilators worldwide has increased. This surge in demand has a positive influence on the global market for medical supplies. The widespread disease has created a severe, front-line shortage of medical resources. This worldwide shortage of medical supplies has pushed numerous non-pharmaceutical companies into producing different medical products. For Instance, US-based SanTan Brewing in Arizona repurposed its beer production line to produce hand sanitizers in April 2020. In the same month, the company produced 400 gallons of medical-grade hand sanitizers. While Pernod Ricard's US facility, which eventually produces Malibu Coconut Rum, started producing 1000 gallons of hand sanitizer in March 2020, Seagram's Rin.
 
An increasing number of patients on COVID-19
A growing number of patients COVID-19 requiring an excessive amount of medical supplies for proper care. Thus, rising positive COVID-19 cases are fuelling target market growth. As of 17 June 2020, according to World of Meters, the number of cases of coronavirus has risen to 8,264,468 while the death toll from this virus has risen to 446,135.
Restraint
Lockdown leading to the transportation problem
During the lockdown period, everything being shut hinders the growth in the medical supplies market. The major problem is taking medical goods from one place to another in the COVID situation and most of the raw materials hard to occupy.
Global Medical Supplies Market: Regions
Global Medical Supplies Market is segmented based on regional analysis into five major regions. These include North America, Latin America, Europe, APAC, and MENA.
In 2019 North America accounted for the largest share of the market in medical supplies. North America made up the largest share of the demand for medical supplies in 2019. The large proportion of this area can be attributed mainly to the high use of intubation and ventilation equipment, a high number of positive COVID-19 cases and deaths in the US, a robust health care network, and the presence of many major hospitals in the country. In addition, a significant number of major global players are based in the United States, thanks to which the United States can easily export these.
The spread of Covid-19 cases is likely to affect India's heavily import-dependent supply chain of the medical products resulting in a shortage of critical medical devices, suggests Global Data, data, and analytics firm.
According to the company's report, the Indian medical devices sector, which accounted for over 13 percent of the Asia-Pacific (APAC) medical devices market in 2019, is projected to rise at a compound annual growth rate (CAGR) of 7.5 percent through 2025.
India imports from China a range of consumables, disposables, and supplies of capital including orthopedic implants, gloves, syringes, bandages, computed tomography, and magnetic resonance imaging products.
The Indian medical devices industry’s big reliance on China for raw materials and electronic components needs to be that, the report says.
Source: Fatpos Global
Global Medical Supplies Market is further segmented by region into:
  • North America Market Size, Share, Trends, Opportunities, Y-o-Y Growth, CAGR – United States and Canada
  • Latin America Market Size, Share, Trends, Opportunities, Y-o-Y Growth, CAGR – Mexico, Argentina, Brazil and Rest of Latin America
  • Europe Market Size, Share, Trends, Opportunities, Y-o-Y Growth, CAGR – United Kingdom, France, Germany, Italy, Spain, Belgium, Hungary, Luxembourg, Netherlands, Poland, NORDIC, Russia, Turkey and Rest of Europe
  • APAC Market Size, Share, Trends, Opportunities, Y-o-Y Growth, CAGR – India, China, South Korea, Japan, Malaysia, Indonesia, New Zealand, Australia and Rest of APAC
  • MENA Market Size, Share, Trends, Opportunities, Y-o-Y Growth, CAGR – North Africa, Israel, GCC, South Africa and Rest of MENA
 
Global Medical Supplies Market: Key Market Players
  • Medtronic plc (Ireland)3M Company (U.S.)
    • Company Overview
    • Business Strategy
    • Key Product Offerings
    • Financial Performance
    • Key Performance Indicators
    • Risk Analysis
    • Recent Development
    • Regional Presence
    • SWOT Analysis
  • B. Braun Melsungen AG (Germany)
  • Johnson & Johnson (U.S.)
  • Boston Scientific Corporation (U.S.)
  • Baxter International Inc. (U.S.)
  • Halyard Health, Inc. (U.S.)
  • Thermo Fisher Scientific Inc. (U.S.)
  • Cook Medical (US)
  • Merit Medical Systems (US)
  • Stryker (US)
  • Terumo Corporation (Japan)
  • Other Prominent Players
 
Global Medical Supplies Market report also contains analysis on:
  • By Type
    • Diagnostic supplies
      • Sample collection consumables
      • Diagnostics catheters
    • Disinfectants
    • Intubation & ventilation supplies             
    • Personal protection equipment
    • Sterilization supplies
    • Infusion and injectable supplies
    • Dialysis consumables
      • Peritoneal dialysis consumables
      • Hemodialysis consumables
    • Wound care supplies
      • Advanced wound dressings
      • Surgical wound care
      • Traditional wound care
    • Radiology supplies
    • Other medical supplies
  • By End-User
    • Hospitals
    • Physician’s Offices/Clinics
    • Other End Users
 
  • Global Medical Supplies Market Dynamics
  • Global Medical Supplies Market Size
  • Supply & Demand
  • Current Trends/Issues/Challenges
  • Competition & Companies Involved in the Market
  • Value Chain of the Market
  • Market Drivers and Restraints
 
FAQs on Medical Supplies Market
  • Which segment is anticipated to hold the largest market share?
  • At what CAGR is the market anticipated to grow between 2020 and 2030?
  • Who are the key players in Global Medical Supplies Market?
  • What could be the challenging factors for the growth of Global Medical Supplies Market?
  • What are the growth drivers for Global Medical Supplies Market?

Products

Table of Contents

Table of Contents

Contents

  1. Executive Summary
  2. Medical Supplies
    1. Medical Supplies Product Overview
    2. Market Definition
    3. Segmentation
    4. Assumptions and Acronyms
  3. Research Methodology
    1. Research Objectives
    2. Primary Research
    3. Secondary Research
    4. Forecast Model
    5. Market Size Estimation
  4. Average Pricing Analysis
  5. Market Dynamics
    1. Growth Drivers
    2. Restraints
    3. Opportunity
    4. Trends
  6. Recent Development, Policies & Regulatory Landscape
  7. Risk Analysis
    1. Demand Risk Analysis
    2. Supply Risk Analysis
  8. Medical Supplies Industry Analysis
    1. Porters Five Forces
      1. The threat of New Entrants
      2. Bargaining Power of Suppliers
      3. Threat of Substitutes
      4. Rivalry
    2. PEST Analysis
      1. Political
      2. Economic
      3. Social
      4. Technological
  9. Global Medical Supplies Market
    1. Market Size & forecast, 2019A-2030F
      1. By Value (USD Million) 2019-2030F; Y-o-Y Growth (%) 2020-2030F
      2. By Volume (Million Units) 2019-2030F; Y-o-Y Growth (%) 2020-2030F
  10. Global Medical Supplies Market: Market Segmentation
    1. By Regions
      1. North America: (U.S. and Canada)
        • By Value (USD Million) 2019-2030F; Y-o-Y Growth (%) 2020-2030F
      2. Latin America: (Brazil, Mexico, Argentina, Rest of Latin America)
        • By Value (USD Million) 2019-2030F; Y-o-Y Growth (%) 2020-2030F
      3. Europe: (Germany, UK, France, Italy, Spain, BENELUX, NORDIC, Hungary, Poland, Turkey, Russia, Rest of Europe)
        • By Value (USD Million) 2019-2030F; Y-o-Y Growth (%) 2020-2030F
      4. Asia-Pacific: (China, India, Japan, South Korea, Indonesia, Malaysia, Australia, New Zealand, Rest of Asia Pacific)
        • By Value (USD Million) 2019-2030F; Y-o-Y Growth (%) 2020-2030F
      5. The Middle East and Africa: (Israel, GCC, North Africa, South Africa, Rest of the Middle East and Africa)
        • By Value (USD Million) 2019-2030F; Y-o-Y Growth (%) 2020-2030F
    2. By Type: Market Share (2020-2030F)
      1. Diagnostic Supplies, By Value (USD Million) 2019-2030F; Y-o-Y Growth (%) 2020-2030F
      2. Intubation & Ventilation Supplies, By Value (USD Million) 2019-2030F; Y-o-Y Growth (%) 2020-2030F
      3. Disinfectants, By Value (USD Million) 2019-2030F; Y-o-Y Growth (%) 2020-2030F
      4. Personal Protection Equipment, By Value (USD Million) 2019-2030F; Y-o-Y Growth (%) 2020-2030F
      5. Infusion & Injectable Suppliers, By Value (USD Million) 2019-2030F; Y-o-Y Growth (%) 2020-2030F
      6. Sterilization Supplies, By Value (USD Million) 2019-2030F; Y-o-Y Growth (%) 2020-2030F
      7. Dialysis Consumables, By Value (USD Million) 2019-2030F; Y-o-Y Growth (%) 2020-2030F
      8. Wound Care Supplies, By Value (USD Million) 2019-2030F; Y-o-Y Growth (%) 2020-2030F
      9. Radiology Supplies, By Value (USD Million) 2019-2030F; Y-o-Y Growth (%) 2020-2030F
      10.  Other Medical Supplies, By Value (USD Million) 2019-2030F; Y-o-Y Growth (%) 2020-2030F
    3. By End User: Market Share (2020-2030F)
      1. Type A, By Value (USD Million) 2019-2030F; Y-o-Y Growth (%) 2020-2030F
      2. Type B, By Value (USD Million) 2019-2030F; Y-o-Y Growth (%) 2020-2030F
      3. Type C, By Value (USD Million) 2019-2030F; Y-o-Y Growth (%) 2020-2030F
  11. Company Profile
    1. Medtronic plc (Ireland)
      1. Company Overview
      2. Company Total Revenue (Financials)
      3. Market Potential
      4. Global Presence
      5. Key Performance Indicators
      6. SWOT Analysis
      7. Product Launch
    2. 3M Company (U.S.)
    3. B. Braun Melsungen AG (Germany)
    4. Johnson & Johnson (U.S.)
    5. Boston Scientific Corporation (U.S.)
    6. Baxter International Inc. (U.S.)
    7. Halyard Health, Inc. (U.S.)
    8. Thermo Fisher Scientific Inc. (U.S.)
    9. Cook Medical (US)
    10. Merit Medical Systems (US)
    11. Stryker (US)
    12. Terumo Corporation (Japan)
  12. Consultant Recommendation

**The above-given segmentations and companies could be subjected to further modification based on in-depth feasibility studies conducted for the final deliverable.

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