PUBLISHER: MarketLine | PRODUCT CODE: 1117246
PUBLISHER: MarketLine | PRODUCT CODE: 1117246
Global Health Care Equipment & Supplies industry profile provides top-line qualitative and quantitative summary information including: market size (value 2017-21, and forecast to 2026). The profile also contains descriptions of the leading players including key financial metrics and analysis of competitive pressures within the market.
The health care equipment & supplies market analyzes manufacturers of health care equipment, medical devices and supplies. The market profile covers disposable equipment and supplies such as syringes, catheters, electrodes, sutures, bandages, implantable prostheses, orthotics and prosthetics; otologic & technical aids such as hearing aids and wheelchairs; ophthalmic equipment such as eye glasses, contact lenses and ophthalmoscopes; in vitro diagnostics such as devices for clinical chemistry, microbiology, immunology and genetic tests; and other equipment such as imaging equipment and films and equipment for radiotherapy, dialysis, endoscopy, anesthetics, etc.
Market value refers to the revenues generated through the sale of health care equipment and supplies. The market is valued at manufacturers' selling price.
All market data and forecasts are represented in nominal terms (i.e., without adjustment for inflation) and all currency conversions used in the creation of this report have been calculated using constant 2021 annual average exchange rates.
The global health care equipment & supplies market had total revenues of $499.1 billion in 2021, representing a compound annual growth rate (CAGR) of 4.8% between 2016 and 2021.
The disposable equipment & supplies segment was the market's most lucrative in 2021, with total revenues of $191.8 billion, equivalent to 38.4% of the market's overall value.
Demand for medical durable and non-durable goods such as ventilators, testing kits, and PPE was surging throughout 2020 amid the pandemic.