Medical Supplies Market Research Report-Forecast To 2032

Medical supplies market Research Report Information By Type (Infusion products, Blood collection tubes, Wound care products, Dialysis consumables, Surgical drapes, Adult incontinence products, and Blood glucose test strips), By Application (Urology, Wound care, Anesthesia, and Sterilization), By End User (Hospitals, Clinics, and Nursing homes), And By Region (North America, Europe, Asia-Pacific, And Rest Of The World) – Market Forecast Till 2032

ID: MRFR/MED/1800-HCR | 85 Pages | Author: Kinjoll Dey | March 2024         

Medical Supplies Market Speak to Analyst Request a Free Sample

Global Medical Supplies Market Overview


The medical supplies market size was valued at USD 8.4 billion in 2021 and is projected to grow from USD 8.78 Billion in 2022 to USD 13.16 billion by 2032, exhibiting a compound annual growth rate (CAGR) of 4.6% during the forecast period (2023 - 2032). The increasing adoption of technologically advanced smart wearables and image-guided therapy systems coupled with the ongoing trends of accurate and real-time monitoring is anticipated to drive market growth.Medical Supplies Market


Source: Secondary Research, Primary Research, MRFR Database, and Analyst Review


Medical Supplies Market Trends



  • Increasing prevalence of chronic diseases and growing surgical procedures to drive market growth


There has been an increasing prevalence of chronic diseases such as cancer, diabetes, etc. due to sedentary lifestyles. Moreover, healthcare agencies are focusing on improving diagnosis and treatment rates through awareness drives and more surgical procedures, Further medical supplies reduce the burden of work and allow easy and effective workflow during surgeries. Thus growing chronic diseases, increase in diagnosis, treatment rates, and growing surgical procedures are expected to create lucrative opportunities for the growth of the medical supplies market during the forecast period.


Medical supplies are the instruments and devices that are manufactured and distributed by medical supply companies. The products can also be one-time use items. Medical supplies are the medical instrument and device supplies, that are used in various medical centers, medical institutions and hospitals. Various medical instruments and devices include thermometers, glucose meters, blood processing devices, wound care instruments and accessories, and monitoring systems. The demand for the medical supplies is experiencing an increasing trend since the market players are introducing technically advanced medical supplies that can aid medical professionals to handle their patients in a better way. The outpatient facilities and hospitals are adopting strict policies towards infection- prevention for better care of the patient, which is driving the growth of the market.


Furthermore, factors such as an increase in the number of operations, an increase in illness frequency, a rise in the elderly population, and a rise in the number of hospital-acquired infections (HAIs) are increasing the worldwide need for medical supplies.


Medical Supplies Market Segment Insights:


Medical Supplies Type Insights


The medical supplies market segmentation, based on the type, includes infusion products, blood collection tubes, wound care products, dialysis consumables, surgical drapes, adult incontinence products, and blood glucose test strips. Among different types of medical supplies, dialysis consumable segment is expected to witness the fastest growth during the forecast period (2023-2030) due to increase in renal disease cases, rise in diabetic patients and aging population. Technological advancements, new product approvals, and advantages such as compact design and mobility are accelerating the demand for the dialysis consumables devices segment.


February 2022: Medtronic plc announced the introduction of the NuVent Eustachian tube dilation balloons, which have been approved by the FDA for the diagnosis of chronic, obstructive Eustachian Tube Dysfunction. The NuVent balloon allows physicians to treat patients in the outpatient or office setting. It has a flexible balloon component that enables personalized implantation dependent on the anatomy of the patient.


Medical Supplies Application Insights


The medical supplies market segmentation, based on the application, includes urology, wound care, anesthesia, and sterilization. The urology segment held the majority share in 2021, contributing to around ~30-35% of the medical supplies market revenue. Urology is the study and treatment of disorders of the heart and blood vessels. Medical supplies like oxygen masks and ECR machines are some of the medical supplies used for urology treatment. Infection control prevents the spread of infections in healthcare settings. Equipment like surgical drapes and face masks are used to curb the spreading of infection. Respiratory equipment involves oxygen masks, oxygen cylinders, and other equipment as well. Radiology and urology involve the use of MRI, ultrasound equipment X-ray machines, and some others as well. Urology department consumes more supply because that is where they have high requirement, due to illness like kidney stones and other urological problems that require medical supplies.


Medical Supplies End User Insights


The medical supplies market segmentation, based on the end user, includes hospitals, clinics, and nursing homes. The hospital’s segment had the highest market revenue share in 2021. This is attributable to the increased number of hospitals, the growing prevalence of lifestyle-based diseases like hypertension, obesity, and diabetes, and raised demand for various diagnostic options. Thus, due to rising diseases, hospitals and the healthcare industry are adopting the latest medical technologies incorporated into hospital supplies to treat patients. Also, various social capital flows to the hospital market by self-establishment, mergers and acquisitions, associates, and other forms of joint ventures are some of the significant factors that have led to the expansion of many private hospitals.Medical Supplies market by End User 2021 and 2030Medical Supplies market by End User 2021 and 2030


On the other hand, the clinic’s segment is expected to be the most opportunistic segment during the forecast period. This is attributed to the increasing penetration of the private clinics in the developed and developing nations. Moreover, rising incidences of various diseases and rapidly growing demand for the disinfectants is positively impacting the market.


Medical Supplies Regional Insights


By Region, the study provides market insights into North America, Europe, Asia-Pacific, and the Rest of the World. The North American medical supplies market is expected to grow at a significant CAGR during the study period, accounting for USD 4.95 billion in 2021 owing to the high focus on the cost-effective and innovative procedures adopted in the US, rising incidence of inflammatory and hospital-acquired infections, increasing prevalence for lifestyle-based diseases such as cardiovascular diseases, diabetes, hypertension, and obesity in the region, and rising geriatric population at an unprecedented rate. Moreover, significant regional players are expected to drive the market. For instance, American Hospital Supply Corp., 3M Health Care Ltd, Cardinal Health Inc, McKesson Corp, Stryker, and Medtronic are some hospital supply manufacturers prevailing in the region. Thus, it is expected to stimulate industry growth due to affordable medical supplies availability.


Moreover, the major countries covered in the market report include the United States, Germany, Canada, France, the United Kingdom, Italy, Spain, India, Japan, Australia, China, South Korea, and Brazil.Medical Supplies MARKET SHARE BY REGION 2021Medical Supplies MARKET SHARE BY REGION 2021


The European medical supplies market is the world's second-largest. The growing presence of diseases in countries like the U.K. and France contributes to medical supplies' consumption. The increment in healthcare expenditure and developed healthcare infrastructure in the region, coupled with the high demand for different types of surgeries among the population, are prominent factors that are accountable for the high demand for medical supplies in the region. Several government initiatives for medical sector development and population adoption of medical insurance policies encourage surgical treatment, further fueling the medical supplies market growth. Further, the UK medical supplies market held the largest market share, and the German medical supplies market was the fastest-growing market in the European region.


The Asia Pacific medical supplies market is expected to grow at the fastest CAGR during the forecast period. The government and the corporate sector increased investments in developing healthcare infrastructure. The huge population, rising awareness regarding non-invasive surgeries, rising healthcare expenditure, and increasing awareness regarding hospital-acquired infections are the various factors that can be held accountable for the growth of the medical supplies market during the forecast period. Moreover, China’s medical supplies market held the largest market share, and the Indian medical supplies market was the fastest-growing market in Asia-Pacific.


Medical Supplies Key Market Players & Competitive Insights


Medical supplies market is highly competitive and major players are acquiring smaller players to increase their market share. The global market is fragmented, with players, such as Medtronic, Johnson & Johnson Services Inc, Abbott, and Stryker, accounting for a major share in 2021. The top market players focus on strategies such as acquisitions, collaborations, new product developments, and launches to strengthen their market position globally. Johnson & Johnson Services, Inc. captured a significant medical devices market share in 2021 and is estimated to continue to hold its position over the forecast period due to its strong presence across the world and a vast distribution network.


Baxter International Inc. is an American multinational healthcare company headquartered in Deerfield, Illinois. The company primarily focuses on products to treat kidney disease and other chronic and acute medical conditions. In September 2021, Baxter acquired Hillrom, the US medical device group. Baxter International, a medical technology company, agreed to acquire Hill-Rom, a rival equipment maker. Hillrom manufactures healthcare equipment from low-tech hospital chairs to sophisticated wearable electrocardiographs and operating tables. Baxter focuses on critical care, nutrition, and surgical products in the medical equipment and healthcare industry. We are doing large-scale transactions.


Johnson & Johnson is an American multinational corporation that develops medical devices, pharmaceuticals, and consumer packaged goods. In July 2021, Johnson & Johnson made 44 acquisitions and 15 investments. The company spent more than USD 86.60 billion on the acquisition. Johnson & Johnson has expanded its market globally by investing in multiple sectors such as orthopedics, infectious diseases, life sciences platforms, and tools.


Key Companies in the medical supplies market include



  • 3M Company (U.S.)

  • Medtronic plc (Ireland)

  • Braun Melsungen AG (Germany)

  • Boston Scientific Corporation (U.S.)

  • Johnson & Johnson (U.S.)

  • Thermo Fisher Scientific Inc (U.S.)

  • Baxter International Inc (U.S.)

  • Halyard Health Inc (U.S.)


Medical Supplies Industry Developments


April 2022: Boston Scientific Corporation received the FDA 510(k) clearance for the EMBOLD Fibered Detachable Coil, which is indicated to obstruct or reduce the blood flow rate in the peripheral vasculature.


June 2022: BD has acquired Parata Systems, an innovative provider of pharmacy automation solutions. The acquisition will strengthen BD’s portfolio with Parata’s portfolio for innovative pharmacy automation solutions.


April 2020: Scoutbee launched a free tool to help organizations search for COVID-19 hospital supplies for COVID-19.


Medical Supplies Market Segmentation:


Medical Supplies Type Outlook



  • Infusion products

  • Blood collection tubes

  • Wound care products

  • Dialysis consumables

  • Surgical drapes

  • Adult incontinence products

  • Blood glucose test strips


Medical Supplies Application Outlook



  • Urology

  • Wound care

  • Anesthesia

  • Sterilization


Medical Supplies End User Outlook



  • Hospitals

  • Clinics

  • Nursing homes


Medical Supplies Regional Outlook



  • North America

    • US

    • Canada



  • Europe

    • Germany

    • France

    • UK

    • Italy

    • Spain

    • Rest of Europe



  • Asia-Pacific

    • China

    • Japan

    • India

    • Australia

    • South Korea

    • Australia

    • Rest of Asia-Pacific



  • Rest of the World

    • Middle East

    • Africa

    • Latin America



Report Scope:

Report Attribute/Metric Details
Market Size 2021 USD 8.4 billion
Market Size 2022 USD 8.78 billion
Market Size 2032 USD 13.16 billion
Compound Annual Growth Rate (CAGR) 4.6% (2023-2032)
Base Year 2021
Market Forecast Period 2023-2032
Historical Data 2018 & 2020
Market Forecast Units Value (USD Billion)
Report Coverage Revenue Forecast, Market Competitive Landscape, Growth Factors, and Trends
Segments Covered Type, Application, End User, and Region
Geographies Covered North America, Europe, Asia Pacific, and the Rest of the World
Countries Covered The U.S, Canada, Germany, France, the UK, Italy, Spain, China, Japan, India, Australia, South Korea, and Brazil
Key Companies Profiled 3M Company (U.S.), Medtronic plc (Ireland), Braun Melsungen AG (Germany), Boston Scientific Corporation (U.S.), Johnson & Johnson (U.S.), Thermo Fisher Scientific Inc (U.S.), Baxter International Inc (U.S.), and Halyard Health Inc (U.S.)
Key Market Opportunities Rising cases of hospital-acquired infections Rapid global expansion of healthcare infrastructure
Key Market Dynamics Increasing rate of surgical procedures Rise in the prevalence of communicable diseases




Frequently Asked Questions (FAQ) :

The valuation of the Global Medical Supplies Market is estimated to increase to USD 13.16 billion by the end of 2032.

The medical supplies market size was valued at USD 8.4 Billion in 2021.

The global market is projected to grow at a CAGR of 4.6% during the forecast period, 2023-2032.

North America had the largest share of the global market.

The key players in the market are 3M Company (U.S.), Medtronic plc (Ireland), Braun Melsungen AG (Germany), Boston Scientific Corporation (U.S.), Johnson & Johnson (U.S.), Thermo Fisher Scientific Inc (U.S.), Baxter International Inc (U.S.), and Halyard Health Inc (U.S.).

The dialysis consumables category dominated the market in 2021.

In 2021, urology had the largest share of the global market.

Key Questions Answered

  • Global Market Outlook
  • In-depth analysis of global and regional trends
  • Analyze and identify the major players in the market, their market share, key developments, etc.
  • To understand the capability of the major players based on products offered, financials, and strategies.
  • Identify disrupting products, companies, and trends.
  • To identify opportunities in the market.
  • Analyze the key challenges in the market.
  • Analyze the regional penetration of players, products, and services in the market.
  • Comparison of major players’ financial performance.
  • Evaluate strategies adopted by major players.
  • Recommendations
Request Free Sample

Why Choose Market Research Future?

  • Vigorous research methodologies for specific market.
  • Knowledge partners across the globe
  • Large network of partner consultants.
  • Ever-increasing/ Escalating data base with quarterly monitoring of various markets
  • Trusted by fortune 500 companies/startups/universities/organizations
  • Large database of 5000+ markets reports.
  • Effective and prompt pre- and post-sales support.
Speak to Analyst
Leading companies partner with us for data-driven Insights.
Client logo Client logo Client logo Client logo Client logo Client logo Client logo Client logo Client logo Client logo

Kindly complete the form below to receive a free sample of this Report

Please fill in Business Email for Quick Response
Invalid