Reports and Research

Brief on Global Medical Supplies Market

The global medical supplies market will reach over 136 billion USD by 2021, and the global disposable medical supplies market size will reach 37.91 billion USD by 2022. Top medical supply manufacturers and key providers are 3M, Abbott, Cardinal Health, Johnson & Johnson Services, Smith & Nephew, Boston Scientific, Medtronic, B. Braun, Novartis.

The constant requirement for disposable medical supplies is a crucial factor that is driving the market, especially during the COVID-19 pandemic. The demand for disposable medical supplies is ascending as it assists with forestalling the spread of contaminations. Dispensable medical supplies have a lower danger of transmitting disease when contrasted with the reusable medical supplies and are henceforth more practical.

The global home medical supply market size is estimated to reach 41 billion USD by 2026, enlisting a CAGR of 5.6% from 2019 to 2026. Home medical equipment includes medical gadgets that offer safe, handy, affordable, and appropriate conditions to patients inside their homes. Importantly, oxygen-related items in-home medical equipment are increasing in adoption because of noteworthy increment in the rate of chronic obstructive pulmonary disease (COPD) around the world.

Further, new technologies, for example, needle-free diabetic care, medicine organization hardware, and enduring medical gear, for example, clinical beds and lift seats, impel the home medical gear market development.