COVID-19 impact on Medical Supplies Market

[150 Pages Report] The COVID-19 impact on the global medical supplies market is expected to reach USD ~100 billion by 2021 from an estimated value of USD ~78 billion in 2019, growing at a CAGR of ~13.4% during the forecast period. The market for medical supplies is driven primarily by the growing awareness on environmental & personal hygiene leading to rising demand for disinfectants , expansion of healthcare settings owing to increasing COVID 19 patients, increased requirement of PPE kits & N95 masks globally, rising demand for ventilators, and increasing demand for diagnostic supplies. In addition, repurposing liquor production lines to manufacture sanitizers offers an opportunity for players in this market. However, delays in non-urgent treatment and surgical procedures and impact on supply chain and logistics due to lockdown is likely to restrain the growth of this market.

The disinfectant segment is projected to grow at the highest CAGR during the forecast period

Based on products, the market is segmented into intubation and ventilation supplies, disinfectant, personal protective equipment, diagnostic supplies, sterilization supplies, infusion and injectable supplies, dialysis supplies, wound care supplies, radiology supplies, and other medical supplies. The disinfectant segment is expected to grow at the highest rate during the forecast period. This can be attributed to the increasing demand for sanitizers and other disinfectants to safeguard people from the cross-contamination of coronavirus.

In 2019, the hospital segment will drive the growth of the medical supplies market

Based on end-users, the medical supplies industry has been segmented into hospitals, clinics, and other end users. The hospital segment accounted for the largest share of the market in 2019 and expected to grow at the highest growth rate during the forecast period. The highest growth of this segment is attributed to the increasing demands for hospital beds and intensive care units, increasing demand for specialized staff in hospitals, increased consumption of personal protective equipment.

North America accounted for the largest share of the medical supplies market in 2019

The medical supplies industry is segmented into four major regions, namely, North America, Europe, the Asia Pacific (APAC), and Rest of the World. In 2019, North America accounted for the largest share of the medical supplies market. The large share of this region can primarily be attributed to the high adoption of intubation and ventilation supplies, a high number of positive COVID-19 cases and deaths in the US, a strong healthcare system, and the presence of many large hospitals in the region. Moreover, a large number of major global players are based in the US, owing to which the US can easily manufacture these devices.

Key Market Players

The key players in the global medical supplies market are Medtronic plc (Ireland), Cardinal Health, Inc. (US), Becton, Dickson and Company (US), Johnson & Johnson (US), and B. Braun Melsungen AG (Germany), Fresenius Medical Care AG & Co. KGaA (Germany), Baxter International, Inc. (US), STERIS Corporation (US), Getinge Group (Sweden), Advanced Sterilization Products (US), 3M Company (US), Smith & Nephew (U.K.), Mölnlycke Health Care AB (Sweden), among others.

Critical questions the report answers:

• Where will these developments take the industry in the mid-to-long term?
• What are the recent trends in the medical supplies market?
• What are the major market dynamics and their impact on overall market growth?
• What is the global scenario of the medical supplies market?
• What initiatives are market players undertaking to sustain in the market?

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Scope of the Report

This report categorizes the medical supplies market into the following segments and subsegments:  

This report categorizes the medical supplies market into the following segments

By Type

• Diagnostic supplies
  • Sample collection consumables
  • Diagnostics catheters
• Disinfectants
• Intubation & ventilation supplies             
• Personal protection equipment
• Sterilization supplies
• Infusion and injectable supplies
• Dialysis consumables
  • Peritoneal dialysis consumables
  • Hemodialysis consumables
• Wound care supplies
  • Advanced wound dressings
  • Surgical wound care
  • Traditional wound care
• Radiology supplies
• Other medical supplies

By End User

• Hospitals
• Physician’s Offices/Clinics
• Other End Users

By Region

• North America
  • US
  • Canada
• Europe
  • Germany
  • France
  • UK
  • Italy
  • Spain
  • Rest of Europe (RoE)
• Asia Pacific
  • China
  • Japan
  • India
  • Rest of Asia Pacific (RoAPAC)
• Rest of the World (RoW)

Recent Developments

• In April 2020, Baxter received USFDA Emergency Use Authorization for Oxiris Blood Purification Filter for COVID-19 Treatment
• In Arizona, the US, SanTan Brewing, has repurposed its beer production line to manufacture hand sanitizer. In April 2020, SanTan began producing 400 gallons of medical-grade hand sanitizer for first responders and healthcare professionals.
• In New York (US), in March 2020, Pernod Ricard’s facility in Fort Smith, Ark. produced 1,000 gallons of hand sanitizer; it originally produced Malibu coconut rum and Seagram’s gin.
• In India (Bengaluru), Diageo India, which sells McDowell’s whiskey and Smirnoff vodka, announced that it would produce 300,000 liters of hand sanitizers to help overcome the shortage.
• Hungarian lubricant manufacturer Mol stated that it had has been granted permission to produce and supply disinfectants for 180 days. The company has transformed one of its production facilities at Almásfüzitõ into a sanitizer production plant to manufacture ~50,000 liters of two ethanol-based products every day.

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