According to a new report published by Allied Market Research, titled, Disposable Medical Supplies Market by Type, Application, and End User: Global Opportunity Analysis and Industry Forecast, 2017-2023,” the global disposable medical supplies market was valued at $48,630 million in 2016, and is projected to reach $80,252 million by 2023, growing at a CAGR of 7.3% from 2017 to 2023. The report provides a detailed analysis of changing market dynamics, top segments, value chain, key investment pockets, regional scenario, and competitive landscape.
Increase in incidence of chronic diseases and rise in surgical procedures globally are expected to supplement the market growth. For instance, there are about 4.2 million surgeries that employ various disposable medical supplies are being performed only in the U.S. However, an inadequate reimbursement for these devices and the waste produced due to the disposable products are expected to pose major limitations to the growth.
This market research study determines the increase in changes and the aspects which are likely to have an impact on the growth of the Disposable Medical Supplies Market. Increased demand for the technologies is also one of the factors, which are likely to boost the growth of this industry. The market research study uses several tools and techniques which are used for the determination of the growth of the market.
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Market Competitive Analysis:
Top 10 players in this industry profiled in the report include. These players have adopted various strategies including expansions, mergers & acquisitions, joint ventures, new product launches, and collaborations to gain a strong position in the industry.
Top key market players active in this market are, Bayer AG, Abbott Laboratories, BECTON, DICKINSON AND COMPANY,B. Braun Melsungen AG, Medtronic Plc, Cardinal Health, Inc.,3M Company, Domtar Corporation, Smiths Group Plc. (Smiths-Medical),TERUMO MEDICAL CORPORATION.
COVID-19 Impact on the Market:
Disposable Medical Supplies Market research report provides an overview of the industry based on key parameters such as market size, sales, sales analysis and key drivers. The market size of the market is expected to grow on a large scale during the forecast period (2017-2023). This report covers the impact of the latest COVID-19 on the market. The coronavirus pandemic (COVID-19) has affected all aspects of life around the world. This has changed some of the market situation. The main purpose of the research report is to provide users with a broad view of the market. Initial and future assessments of rapidly.
This report focuses and highlights the strategies and the trends, in which the manufacturer and the company is likely to move. The research study is also known to provide in depth analysis of the reports which is one of the key aspects for the growth of the Disposable Medical Supplies Market.
The report is also used in the analysis of the growth rates and the threats of new entrants, which are used for the determination of the growth of the market for the estimated forecast period. Moreover, increased demand for the factors influencing the growth of the market is also one of the major aspects which is likely covered in depth in the report.
One of the methods for the determination of the growth of the market is the increased use of the statistical tools, which is used for the estimation of the growth of the market for the estimated forecast period. SWOT analysis is one of the methods for the determination of the growth of the market. These tools are also used for the determination of the major players for the growth of the market for the estimated forecast period.
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Market segments are also an important aspect of any market research study. Reports are product based, they also includes information on sales channel, distributors, traders and dealers. This helps in efficient planning and execution of supply chain management as it drastically affects the overall operations of any business. The up-to-date, complete product knowledge, end users, industry growth will drive the profitability and revenue. Disposable Medical Supplies Market report studies the current state of the market to analyse the future opportunities and risks.
The Disposable Medical Supplies Market is analysed based on regions and competitive landscape in each region is mentioned. Regions discussed in the study include North America (United States, Canada and Mexico), Europe (Germany, France, UK, Russia and Italy), Asia-Pacific (China, Japan, Korea, India and Southeast Asia), South America (Brazil, Argentina, Colombia), Middle East and Africa (Saudi Arabia, UAE, Egypt, Nigeria and South Africa). These insights help to devise strategies and create new opportunities to achieve exceptional results.
Key Findings of the Disposable Medical Supplies Market:
- The infusion products segment accounted for about one-sixth share of the total market in 2016, and is expected to register a high CAGR of 9.0% from 2017 to 2023.
- The gynecology segment accounted for one-sixth share of the total market and is expected to grow at a CAGR of 7.5%.
- U.S. dominated the North American disposable medical supplies market and is projected to grow at a CAGR of 6.0%.
- India is the fastest growing country in the Asia-Pacific disposable medical supplies market during the forecast period, registering a CAGR of 9.4%.
- Ambulatory surgery centers accounted for one-fourth market share in 2016, and are expected to grow at a CAGR of 7.4%.
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Allied Market Research (AMR) is a full-service market research and business-consulting wing of Allied Analytics LLP based in Portland, Oregon. Allied Market Research provides global enterprises as well as medium and small businesses with unmatched quality of “Market Research Reports” and “Business Intelligence Solutions.” AMR has a targeted view to provide business insights and consulting to assist its clients to make strategic business decisions and achieve sustainable growth in their respective market domain.
Pawan Kumar, the CEO of Allied Market Research, is leading the organization toward providing high-quality data and insights. We are in professional corporate relations with various companies and this helps us in digging out market data that helps us generate accurate research data tables and confirms utmost accuracy in our market forecasting. Each and every data presented in the reports published by us is extracted through primary interviews with top officials from leading companies of domain concerned. Our secondary data procurement methodology includes deep online and offline research and discussion with knowledgeable professionals and analysts in the industry.
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