Know Why Medical Supplies Industry 2020 Demanding Worldwide

Medical supplies and equipment account for a high proportion of health care costs that have a significant impact on the quality of care. The healthcare sector has been booming worldwide over the last few years, largely due to the increasingly affluent population seeking high-quality care. The market for medical supplies is rising too rapidly along with the thriving healthcare sector, seeing the growing demand in treatment and surgical procedures.

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The medical supply market is driven mainly by increased awareness of environmental & personal hygiene leading to increased demand for disinfectants, expansion of healthcare facilities due to increased COVID 19 patients, increased demand for PPE kits & N95 masks worldwide, increased demand for ventilators, and increased demand for diagnostic supplies. Furthermore, repurposing the liquor production lines to produce sanitizers gives players in this business an opportunity. While, Delays in non-emergency treatment and surgical procedures and the impact of the lockdown on the supply chain and logistics are likely to curb the growth of this market.
- USFDA Emergency Use Authorisation for Oxiris Blood Purification Filter for COVID-19 Treatment received by Baxter in April 2020
- The US company SanTan Brewing has repurposed its beer production line in Arizona to manufacture hand sanitizers. SanTan started producing 400 gallons of medical-grade hand sanitizer for first responders and health-care professionals in April 2020.
- PernodRicard 's Fort Smith, Ark, facility produced 1,000 gallons of hand sanitizer in New York (US) in March 2020; it originally produced Malibu coconut rum and Seagram's Gin.
- Diageo India, which markets McDowell's whisky and Smirnoff vodka, declared in India (Bengaluru) that it will manufacture 300,000 liters of hand sanitizers