The Growing Demand for Medical Supplies: Retail and Wholesale Perspectives
Briefly

from Business Matters2 months ago
The medical supplies industry has experienced significant growth, spurred by an aging population, chronic diseases, and global health crises like the COVID-19 pandemic, emphasizing the urgent need for essential healthcare consumables.
Business Mattershttps://bmmagazine.co.uk/business/the-growing-demand-for-medical-supplies-retail-and-wholesale-perspectives/
In 2022, the global medical supplies market was valued at approximately $138.4 billion, projected to grow to $163.5 billion by 2027, reflecting a CAGR of 3.4% and an ongoing high demand for healthcare products.
Business Mattershttps://bmmagazine.co.uk/business/the-growing-demand-for-medical-supplies-retail-and-wholesale-perspectives/
Chronic diseases such as diabetes and cardiovascular conditions are driving demand for critical medical supplies. With over 422 million people living with diabetes globally, products like blood glucose monitors have become essential for ongoing management.
Business Mattershttps://bmmagazine.co.uk/business/the-growing-demand-for-medical-supplies-retail-and-wholesale-perspectives/
The aging population is another significant factor increasing demand for medical supplies, necessitating more consumables and medical care to maintain health and quality of life in older adults.
Business Mattershttps://bmmagazine.co.uk/business/the-growing-demand-for-medical-supplies-retail-and-wholesale-perspectives/
Read at Business Matters
#medical-supplies #market-growth #healthcare #chronic-diseases #aging-population
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