Medical Supplies Market - Massive Growth Ahead: enVista, Danaher, Henry Schein
The medical supplies market refers to the sector involved in the manufacturing, distribution, and sale of a wide range of products and equipment used in healthcare settings. These products are essential for the diagnosis, treatment, and management of various medical conditions, as well as for maintaining the safety and hygiene standards in healthcare facilities.
Some of the key players profiled in the study are enVista LLC (United States), American Orthodontics (United States), 3M (United States), Danaher (United States), Henry Schein, Inc. (United States), Dentsply Sirona (United States), Align Technology, Inc. (United States), Rocky Mountain Orthodontics (United States), G&H Orthodontics (United States), TP Orthodontics, Inc (United States), DENTAURUM GmbH & Co. KG (Germany), Great Lakes Dental Technologies (United States), DB Orthodontics (United Kingdom), Institut Straumann AG (Switzerland), Ultradent Products, Inc. (United States), Leone S.p.A., (Italy).
According to HTF Market Intelligence, the Global Medical Supplies market to witness a CAGR of 15.6% during forecast period of 2024-2030. Global Medical Supplies Market Breakdown by Application (Urology, Wound Care, Radiology, Anaesthesia, Sterilization, Cardiology, Ophthalmology) by Type (Diagnostic Supplies, Dialysis Consumables, Inhalation Products, Wound Care Consumables, Radiology Consumables, Infection Control Supplies, Infusion Products, Intubation and Ventilation Supplies, Personal Protection Equipment (PPE), Hypodermic Products, Sterilization Consumables) by End User (Hospitals, Clinics/Physician Offices, Assisted Living Centres, Nursing Homes, Ambulatory Surgery Centres, Others) and by Geography (North America, South America, Europe, Asia Pacific, MEA). The report includes historic market data from 2019 to 2023E. Currently, market value is pegged at USD 138.4 Billion.
Market Trends:
- Telehealth services are gaining traction, boosting demand for remote monitoring devices and telemedicine equipment.
Market Drivers:
- Growing healthcare spending, particularly in emerging economies, supports market expansion.
Market Opportunities:
- The shift towards remote patient monitoring presents opportunities for the development of connected medical devices and telehealth solutions.
Market Restraints:
- High initial investments and reimbursement challenges pose barriers to market entry, particularly for smaller companies.
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