Medical Supplies Market worth $163.5 billion 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 consists of an industry trend analysis of the market. The new research study consists of industry trends, pricing analysis, patent analysis, conference and webinar materials, key stakeholders, and buying behaviour in the market. 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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The emerging economies such as India, China, and Brazil offer lucrative potentials in the market with their vast population base, rising incidence of infectious and chronic diseases, improving healthcare infrastructure and expenditure. The improving healthcare infrastructure and the more affordable treatment and diagnosis as compared to North America and Europe are promoting medical tourism in the region.

Medtronic plc (Ireland), Cardinal Health (US), BD (US), Johnson & Johnson, Inc. (US), and B. Braun Melsungen AG (Germany).