Astute Analytica publishes a research report on the China Medical Supplies Market. The analysis report contains in-depth data about demand, growth, opportunities, challenges, and restraints. In addition, it provides a thorough examination of the structure and possibility of global and regional industries.
The China Medical Supplies Market, analyzed by Astute Analytica was valued at US$ 53,963.2 Million in 2021 and is estimated to reach US$ 73,228.7 Million by 2027. The market is registering a CAGR of 5.2% over the projection period 2022-2027.
The global market study includes information from key firms on R&D, new product launches, and product responses from global markets. The analysis includes a graphical presentation and a diagrammatic examination of the global market by region.
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People and economies globally rely substantially on the healthcare business. It is one of the fastest-growing industries. There is a correlation between income levels and healthcare spending in different nations, with healthcare spending accounting for more than 10% of most industrialized countries’ GDP.
Impact Analysis of COVID-19
Global COVID-19 cases have climbed above 516 million as of May 2022, and the death toll has exceeded 6.25 million. COVID-19 has disproportionately impacted specific racial and ethnic minority groups, as well as underserved and marginalized communities, highlighting the persistent challenges of health equity and health outcomes.
COVID-19 is causing a great deal of emotional, physical, and professional stress among health care personnel. The changing attitudes and behaviors of consumers, the integration of life sciences and health care, fast-growing digital health technology, new talent, and care delivery models, and clinical innovation advanced by COVID-19.
As sector players and the customers, they serve to adapt to a new world of remote working, virtual doctor visits, and a supply chain plagued by shortages of medical goods, employees, and services, the sector is reforming to become more customer-centric.
The Centers for Medicare and Medicaid Services data calculates that the U.S. national healthcare expenditure reached US$ 4.1 trillion in 2020 and is forecast to surpass US$ 6.2 trillion by 2028. According to the Commonwealth Fund, the U.S. spent nearly 17% of gross domestic product (GDP) on healthcare in 2018. Switzerland was the second-highest-ranking country, spending 12.2%. In addition, New Zealand and Australia dedicate only 9.3%.
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Regional Analysis
By Type segment of the China Medical Supplies Market is sub-segmented into:
- Advanced Wound Dressings
- Catheters
- Diagnostic Supplies
- Dialysis Consumables
- Disinfectants
- Infusion & Injectable Supplies
- Intubation & Ventilation Supplies
- Personal Protective Equipment
- Radiology Consumables
- Sterilization Consumables
- Surgical Wound Care
- Traditional Wound Care
- Wound Care Consumables
- Other Medical Supplies
By Application segment of the China Medical Supplies Market is sub-segmented into:
- Cardiology
- Infection Control
- Radiology
- Respiratory
- Urology
- Wound Care
- Other Application
By End User segment of the China Medical Supplies Market is sub-segmented into:
- Hospitals
- Clinics
- Ambulatory surgical centers
- Other end users
Key Players Insights
The key players in the China Medical Supplies Market are Sichuan Nigale Biomedical Co., Ltd., Jiangsu Likang Group Corporation, Shanghai Johnson & Johnson Co. Ltd., and Suzhou Capsugel Co. Ltd., among others.
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Japan Bioanalytical Testing Services Market
Japan Bioanalytical Testing Services Market
Japan Bioanalytical Testing Services Market
Japan Bioanalytical Testing Services Market
Japan Bioanalytical Testing Services Market
Japan Bioanalytical Testing Services Market
Japan Bioanalytical Testing Services Market
Japan Bioanalytical Testing Services Market
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