Over the course of the forecast period, it is anticipated that an increase in the number of hospitals, surgical and outpatient operations, as well as an upgrade and enforcement of infection prevention regulations, will raise the use of medical supplies, propelling growth in the medical supplies market. The need for medical supplies is anticipated to rise as a result of an increasing number of patients who need long-term therapy, surgery, drug delivery, and associated items, which will in turn propel market expansion. The market will expand as a result of the use of safety-enhanced devices for the minimally invasive administration of parenteral medications, IV solutions, and inhalation therapies. The need for medical supplies will rise as a result of the rise in hospitalisations caused by chronic diseases such cancer, heart disease, neurological disorders, and gynaecological disorders.
With a projected CAGR of 3.4% from 2022 to 2027, the worldwide Medical Supplies Market is expected to rise from an estimated $138.4 billion in sales in 2022 to $163.5 billion by 2027.
Top Companies in the Medical Supplies Industry:
1. B. Braun Melsungen AG: Manufacturer of disposable medical equipment for providing people with safe and secure healthcare. Built in 1839. B. Braun Melsungen AG and Grifols have teamed up with U.S. headquarters to provide integrated solutions for secure automated medicine manufacturing and distribution.
2. Becton, Dickinson and Company: Manufacturer of instrument systems and medical gadgets. A better outcome for both patients and doctors is made possible by the company's goods, which include surgical, diagnostic systems, patient monitoring, infusion, and other associated technologies. Built in 1897. United States headquarters at Franklin Lakes.
3. Cardinal Health, Inc.: Cardinal Health, a provider of healthcare services, provides a variety of products and services to businesses and healthcare professionals. The company provides a variety of services, including pharmaceutical distribution, packaging, and repackaging, retail pharmacy franchising, the development of medication delivery technologies, and health information systems. Created in 1971. FourKites' U.S. headquarters announces a collaboration with Cardinal Health to develop a cognitive supply chain.
4. Halyard Health, Inc.: A company that offers surgical and anti-infection services. Under the Aeroblue, Aerochrome, One-Step, Quick Check, and Smart-Fold brands, the department sells surgical gowns, sterilisation wraps, and medical gloves. Headquartered in the U.S.
5. Johnson & Johnson: Founded in 1886.The Johnson & Johnson Development venture capital fund was supervised by JJDC, a division of Johnson & Johnson Innovation. The fund had its headquarters in New Brunswick, New Jersey, and invested in American companies. It concentrated on the medical equipment and supply industries as well as the biotechnology, pharmaceutical, and life science sectors. Abiomed and Johnson & Johnson, the biggest and most varied manufacturer of healthcare products in the world.
6. Thermo Fisher Scientific Inc.: Reagents for the biological sciences, laboratory supplies, and diagnostics equipment are all sold by Thermo Fisher Scientific. Constructed in 1956. Waltham, Massachusetts, is where it is. Establishing a manufacturing facility for biologic and sterile drugs in China with Thermo Fisher Scientific and Innoforce.
*Definition: Medical supplies means medical or surgical items that are consumable, expendable, disposable or non-durable and that are used for the treatment or diagnosis of a patient's specific illness, injury, or condition.
