Chicago, IL -- (SBWIRE) -- 05/31/2017 -- According to the new market research report, "Medical Supplies Market, by Type (Diagnostic, Dialysis, Wound Care, Inhalation, Infection Control, Infusion, Intubation, PPE), Application (Anesthesia, Radiology, Sterilization) & End User (Hospital, Clinic, Nursing Home) – Global Revenue, Trends, Growth, Share, Size, and Forecast to 2022", published by Scalar Market Research, the global Medical Supplies Market is expected to grow at a healthy CAGR during the forecast period.

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The global Medical Supplies Market report offers in-depth analysis of the market size (revenue), market share, major market segments, different geographic regions, key players, premium insights, technology trends and forecast to 2022. It also focuses on the key drivers and opportunities in this market.

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KEY PREMIUM INDUSTRY INSIGHTS

1. The top driver augmenting the demand volume experienced by the global medical supplies market at the moment is the increasing average of patients approaching medical facilities. In most regions, this is due to the increasing count of the geriatric citizens. This holds true especially for developed economies, where the elderly demographic is increasing at a very fast pace, due to reduced mortality rates.

2. In emerging economies, the increase of healthcare outreach is creating a greater scope of access for patients from various age groups, classes, and locations. The global medical supplies market is also being driven by the growing number of cases of hospital-acquired infections, or nosocomial infections. These are creating the need for specialized materials and unique treatment options.

The global medical supplies market has experienced a very high level of research and development in the regions of North America and Europe. Both regions have consistently been at the forefront of technological advancement in the healthcare industry and are likely to continue bearing leaders in the global medical supplies market over the coming years. Meanwhile, the demand for medical supplies is escalating at a very high rate in the regions of Latin America and Asia Pacific, as both regions show signs of catching up to the advancements held by the developed economies. Asia Pacific specifically is showing a very high incremental demand rate for medical supplies, thanks to the growing medical outreach combined with the increasing popularity of medical tourism.

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