1. Market Research
  2. > Medical Devices Market Trends
  3. > Medical Equipment and Supply

Business of medicines: a market analysis now possible thanks to our latest statistics

  • Currently 4/5 Stars.
  • 1
  • 2
  • 3
  • 4
  • 5
21 votes

Global Medical Equipment and Supplies Industry

The global medical equipment and supplies industry currently represents an estimated annual revenue of $273 billion according to research from Espicom, with predictions showing world market worth could climb to $349 billion by 2016. 

Medical equipment and supplies cover a vast range of tools and products such as monitoring systems, glucose meters, pumps, catheters, thermometers, syringes, blood processing devices, specialty bags, wound care and many others.

Key Market Segments

An array of surgical-related supplies and medical instruments make up 45% of the value of the medical equipment and supplies market, with the rest involving products such as patient monitoring devices and disposable products.

Catheters comprise a significant subsector of the medical equipment and supplies market, with BCC Research forecasting global catheter market worth to be $32 billion by 2014 for a yearly growth rate in excess of 12%.

Used to transfer data that allows for remote surveillance, patient monitoring systems are forecast to reach $9.3 billion in 2014, according to a report from TechNavio. This type of equipment helps curb lengthy, cost-intensive hospital stays, and key products include electrocardiogram (ECG) and mobile cardiac outpatient telemetry.

Koncept Analytics predicts compound annual growth of nearly 4% by 2013 for wound care, which constitutes a major component of the medical supplies market and encompasses products such as wound dressings, wound closure devices and gauze.

 Medical Dressing Export

Market Trends

Global Industry Analysts reports that the medical equipment rental and leasing markets will be worth $56 billion by 2017. Leasing offers a cheaper alternative to purchasing outright, making medical equipment more accessible especially in the face of current cutbacks in healthcare. In fact, some 35%-40% of medical equipment is available on a rental basis in the US, and the market has potential in the rest of the world, with a yearly growth rate in excess of 7%.

Apart from leasing, refurbished medical equipment is also being used by big hospitals, who hand over their less up-to-date equipment for manufacturer refurbishing so smaller hospitals or developing countries can reuse it. Being a highly regulated industry, refurbishment of medical equipment necessitates strict controls for basic materials and product maintenance, especially in developing countries where lack of spare parts can prove problematic. 

Regional Market Leaders

The US is a major player on the global medical market worth $85 billion according to industry analysts. The US is home to nearly 11,000 medical equipment and supplies companies, including major market leaders Baxter International, Johnson & Johnson, Medtronic and Boston Scientific. The US is also an importer and exporter of medical materials; a quarter of its market is accounted for by imports – primarily from Ireland, China and Mexico – and the same amount applies to exports, mostly to Japan and Canada.

Other key market leaders include Japan and Europe, which should hit nearly $20 billion in 2016 says Espicom.

Read more »

24/7 Customer Support

Talk to Sam

+1 718 473 0872

1-10 of about 300 reports

Medical Equipment And Supply Industry in Italy

  • January 2015
    15 pages
  • Medical Equipme  

  • Italy  

View report >

Medical Equipment And Supply Industry in the UK

  • May 2013
    11 pages
  • Blood Disease  

  • United Kingdom  

    United States  


View report >

Medical Equipment And Supply Industry in the US and Brazil

  • January 2013
    7 pages
  • Medical Equipme  

    Central Venous  

  • United States  


View report >

Medical Equipment And Supply Industry in Russia Forecast

  • January 2014
    28 pages
  • Russian Federat  


View report >

Medical Equipment And Supply Industry in China

  • January 2014
    10 pages
  • Medical Equipme  

  • China  

View report >

Medical Equipment And Supply Industry in the US and South Korea

  • January 2015
    10 pages
  • Medical Equipme  

    Infusion Device  

  • United States  

    South Korea  

View report >

Pathology Description in the US

  • January 2016
    37 pages
  • Blood Disease  


    Compression The  

  • United States  

View report >

Medical Equipment And Supply Industry in the US

  • October 2015
    12 pages
  • Medical Equipme  

  • United States  

View report >

Catheter Analysis in the UK

  • September 2015
    13 pages
  • Infusion Device  

    Medical Supply  


  • United Kingdom  

View report >

Search in Medical Equipment And Supply Industry (About 300 reports)
Parent industry: Medical Devices
Related industries: Cardiovascular Devices, Dental Equipment, Ophthalmic Devices, Orthopedic, Respiratory Devices, Surgical Equipment, Diagnostics

About 2 600 reports

Purchase Reports From Reputable Market Research Publishers
(From $ 63 - $ 7 500)

Hyperbaric Oxygen Therapy Devices Market: Global Industry Analysis and Opportunity Assessment, 2015 – 2020

Hyperbaric Oxygen Therapy Devices Market: Global Industry Analysis and Opportunity Assessment, 2015 – 2020

  • $ 7 500
  • Industry report
  • November 2015
  • by Future Market Insight Global & Consulting Pvt Ltd

Future Market Insights offers a 5-year forecast of the global hyperbaric oxygen therapy devices market between 2015 and 2020. In terms of value, the market is expected to register a CAGR of 7.2% during ...

Innovations In Wound Care And Healing (techvision) 

December 2015 $ 4 950

Disposable Syringes Market - Global Industry Analysis, ...

December 2015 $ 4 795

Medical Equipment Maintenance Market By Modality, Type, ...

January 2016 $ 4 650

Infrastructure Monitoring Market By Technology , Compon ...

January 2016 $ 4 650

Sterile Medical Packaging Market By Material, Type, Ste ...

January 2016 $ 4 650

Infusion Pump Market - By Product, By Application, By E ...

January 2016 $ 4 650

Human Insulin Market - Drugs , Type , Brands , Delivery ...

January 2016 $ 4 650

Disposable Medical Device Sensors Market By Product -, ...

December 2015 $ 4 650

Top 10 Medical Device Technologies Market By Type - Glo ...

December 2015 $ 4 650

Reportlinker.com © Copyright 2016. All rights reserved.

ReportLinker simplifies how Analysts and Decision Makers get industry data for their business.