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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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About Astute Analytica:

Astute Analytica is a global analytics and advisory company that has built a solid reputation in a short period, thanks to the tangible outcomes we have delivered to our clients. We pride ourselves in generating unparalleled, in-depth, and uncannily accurate estimates and projections for our very demanding clients spread across different verticals. We have a long list of satisfied and repeat clients from a wide spectrum including technology, healthcare, chemicals, semiconductors, FMCG, and many more. These happy customers come to us from all across the globe.

They are able to make well-calibrated decisions and leverage highly lucrative opportunities while surmounting the fierce challenges all because we analyze for them the complex business environment, segment-wise existing and emerging possibilities, technology formations, growth estimates, and even the strategic choices available. In short, a complete package. All this is possible because we have a highly qualified, competent, and experienced team of professionals comprising business analysts, economists, consultants, and technology experts. In our list of priorities, you-our patron-come at the top. You can be sure of the best cost-effective, value-added package from us, should you decide to engage with us.

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