Low-value Medical Consumables Market: Size, Share, Growth, Analysis, Key Players, Revenue, Growth | Valuates Reports

Low-value Medical Consumables Market Size
According to new survey, global Low-value Medical Consumables market is projected to reach US$ 19320 million in 2029, increasing from US$ 11910 million in 2022, with the CAGR of 7.6% during the period of 2023 to 2029.

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Low-value Medical Consumables Market
Low-value Medical Consumables refer to disposable medical products and supplies that are essential for healthcare settings but have a lower cost compared to high-value consumables.
Influencing issues, such as economy environments, COVID-19 and Russia-Ukraine War, have led to great market fluctuations in the past few years and are considered comprehensively in the whole Low-value Medical Consumables market research.
According to our research, the global market for medical devices is estimated at US$ 603 billion in the year 2023, and will be growing at a CAGR of 5% during next six years. The global healthcare spending contributes to occupy 10% of the global GDP and is continuously rising in recent years due to the increasing health needs of the aging population, the growing prevalence of chronic and infectious diseases and the expansion of emerging markets. The medical devices market plays a significant role in the healthcare industry. The market is driven by several factors, including the increasing demand for advanced healthcare services globally, advancements in medical technology, growing geriatric population, rising healthcare expenditure, and increasing awareness about early disease diagnosis and treatment.

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Segment by Type
• Injection Puncture Consumables
• Medical Hygiene Materials and Dressing Consumables
• Medical Polymer Material Consumables
• Medical Consumables
• Medical Disinfection Consumables
• Other

Segment by Application
• Hospital
• Clinic
• Others

By Company
3M, Allmed Medical, Cardinal Health, Danaher, Fresenius, GE Healthcare, Honeywell, Johnson & Johnson, Medtronic, PW MedTech, Roche Group, Royal Philips, Shanghai Dasheng, Siemens Healthineers, Winner, Yuanqin, ZhenDe

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This release was published on openPR.