Global Medical Supplies Market Projected to Grow Radiantly by 2022; Asserts MRFR Unleashing Industry Forecast
“Global Medical Supplies Market Research Report - Forecast to 2022” – Market Analysis, Scope, Stake, Progress, Trends and Forecast to 2022.
Boston Scientific Corporation, Johnson & Johnson Services, Inc., Medtronic plc, Cardinal Health, Inc., B. Braun Melsungen AG, Baxter International Inc., Becton, Dickinson and Company, Thermo Fisher Scientific Inc., Halyard Health, Inc., and 3M Company are some of the prominent players at the forefront of competition in the medical supplies market and are profiled in MRFR Analysis.
Global Medical Supplies Market - Overview
The medical supplies market is growing mainly due to growing awareness, and rising cases of chronic diseases. According to a recent study report published by the Market Research Future, the medical supplies market is booming and expected to gain prominence over the forecast period. The market is forecast to demonstrate a spectacular growth by 2022, surpassing its previous growth records in terms of value with a striking CAGR during the anticipated period (2017 – 2022).
Medical supplies comprises of various products such as diagnostic supplies, dialysis consumables, radiology consumables, infection control supplies, wound care consumables, inhalation products, infusion products, intubation and ventilation supplies, sterilization consumables, personal protective equipment, hypodermic products, and others.
Notably, increasing prevalence of chronic diseases is the primary driver for medical supplies market. The rate of various disease and disorder like diabetes, cancer and many infectious disease have risen in last few years. According to the survey by WHO, by 2030 diabetes will be the seventh leading cause of death, in 2012 approximately 1.5 million people died due to diabetes. On other hand 14 million patients in 2012 to 22 million on a yearly basis new cancer cases are been registered. The Centres for Disease Control and Prevention reported that in 2012 alone, US reported 9,945 cases of tuberculosis, 53,800 cases of salmonella, 30,831 new cases of Lyme disease and 551 cases of meningococcal disease.