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 ยป

Share
24/7 Customer Support

Talk to Sam

+1 646 893 5945

1-10 of about 1000 reports

Global Medical Supply Markets

  • January 2015
    9 pages
  • Wound Care  

    Sterilization E...  

    Medical Supply  

  • World  

View report >

Medical Supply Industry in the US

  • July 2017
    5 pages
  • Medical Supply  

  • United States  

View report >

Medical Supply Industry in Europe

  • March 2016
    17 pages
  • Medical Supply  

  • Europe  

    United States  

View report >

Medical Supply Statistics in the UK

  • February 2016
    9 pages
  • Honey  

  • United Kingdom  

View report >

Medical Supply Industry in Brazil

  • February 2017
    7 pages
  • Medical Supply  

  • Brazil  

View report >

Medical Supply Industry in India and Russian Federation - Forecast

  • January 2015
    5 pages
  • Medical Supply  

  • India  

    Russian Federat...  

    World  

View report >

Medical Supply Industry in India

  • June 2016
    42 pages
  • Laboratory Equi...  

  • India  

View report >

Medical Supply Markets in China

  • January 2016
    8 pages
  • China  

    Asia  

View report >

Medical Supply Industry in Indonesia

  • January 2016
    6 pages
  • Medical Supply  

    Medical Equipme...  

  • Indonesia  

    Singapore  

    Asia  

View report >

Medical Supply Statistics in Australia

  • July 2017
    7 pages
  • Medical Supply  

  • Australia  

View report >


About 2500 reports

Purchase Reports From Reputable Market Research Publishers
(From $ 97 - $ 19349)

Medical Dressing Markets in the World to 2021 - Market Size, Development, and Forecasts

  • $ 23395
  • Industry report
  • July 2017
  • by Global Research & Data Services

The industry report package Medical Dressing Markets in the World to 2021 - Market Size, Development, and Forecasts offers the most up-to-date market data on the actual market situation, and future outlook ...

Razor And Razor Blade Markets In The World To 2021 - Ma ...

July 2017 $ 22464

Knife Markets In The World To 2021 - Market Size, Trend ...

July 2017 $ 22464

European Medical Equipment Maintenance Market By Device ...

June 2017 $ 14946

Razor And Razor Blade Markets In Europe To 2021 - Marke ...

July 2017 $ 12090

Medical Dressing Markets In Europe To 2021 - Market Siz ...

July 2017 $ 12090

Knife Markets In Europe To 2021 - Market Size, Trends, ...

July 2017 $ 12090

Medical Equipment Market Global Report 2017

July 2017 $ 8000

Razor And Razor Blade Markets In Asia To 2021 - Market ...

July 2017 $ 9031

Medical Dressing Markets In Asia To 2021 - Market Size, ...

July 2017 $ 9031

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