1. Market Research
  2. > Healthcare Market Trends
  3. > Medical Supply

Medical Equipment & Supplies: Latest Market Statistics and Trends

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

Global Medical Supplies Industry

The global medical supplies industry (included in the healthcare sector) 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 »

Share
24/7 Customer Support

Talk to Sam

+44 20 8816 8032

1-10 of about 500 reports

Global Medical Supply Industry

  • January 2016
    13 pages
  • Healthcare  

    Healthcare  

  • World  

    United States  

View report >

The future of the Medical Supply Industry in the US

  • January 2017
    9 pages
  • Medical Supply  

  • United States  

View report >

Medical Supply Markets in the UK

  • August 2016
    8 pages
  • Medical Supply  

    Wound Care  

  • United Kingdom  

View report >

Medical Supply Industry in India

  • December 2015
    5 pages
  • Dermatological ...  

  • India  

View report >

Medical Supply Markets in Australia

  • January 2015
    16 pages
  • Dermatological ...  

  • Australia  

View report >

Fibrin Sealants Industry in the US

  • February 2017
    8 pages
  • Fibrin Sealants  

    Biomaterial App...  

  • United States  

View report >

Wound Care Industry in the US

  • January 2017
    7 pages
  • Wound Care  

  • United States  

View report >

Medical Supply in Tanzania

  • December 2016
    4 pages
  • Medical Supply  

  • Tanzania  

View report >

Hospital Industry in the US

  • November 2016
  • Hospital  

    Compression The...  

    Blood Disease  

  • United States  

View report >


About 1000 reports

Purchase Reports From Reputable Market Research Publishers
(From € 227 - € 6455)

Global Wound Care Market Size, Share, Development, Growth and Demand Forecast to 2022 - Industry Insights by Type of Wound Care Products, by Type of Wound, by Application and by End User

Global Wound Care Market Size, Share, Development, Growth and Demand Forecast to 2022 - Industry Insights by Type of Wound Care Products, by Type of Wound, by Application and by End User

  • € 6455
  • Industry report
  • January 2017
  • by P&S Market Research

The global wound care market was worth $24,482.9 million in 2015 and it is expected to grow at a CAGR of 6.7% during 2016-2022. Among the various wound care products type, the advanced wound care products ...

Global Low Trauma/skin Friendly Adhesives Market Outloo ...

December 2016 € 5977

Diabetic Shoes Market - Global Industry Analysis, Size, ...

February 2017 € 5268

Biomaterials Market By Type Of Materials & Application ...

January 2017 € 5045

Sterilization Equipment Market By Product, Services, Co ...

December 2016 € 5045

Biosurgery Market By Product Application - Forecast To ...

November 2016 € 5045

Global Wound Dressing Market Size, Share, Development, ...

December 2016 € 4636

Global Wound Closure Products Market Size, Share, Devel ...

December 2016 € 4636

Wound Debridement Products Market: Hospitals Segment An ...

February 2017 € 4545

Pulmonary Embolism - Market Insights, Epidemiology And ...

January 2017 € 4500

Reportlinker.com © Copyright 2017. All rights reserved.

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