Online Medical Supplies Sales in the US - Industry Market Research Report

Online Medical Supplies Sales in the US - Industry Market Research Report

Online Medical Supplies Sales in the US

Medical supplies are critical for every medical service performed in a healthcare setting or at home. In recent years, rising healthcare utilization, driven by the medical needs of an aging population and broader insurance coverage, has supported robust demand for medical supplies. At the same time, as consumers and businesses perform more services online, browsing and buying medical supplies online has become an attractive option, expanding the size and scope of the industry. Ordering medical supplies online quickly became necessary during the COVID-19 pandemic, as online medical suppliers delivered essential medical supplies to healthcare organizations and households. Deferred medical care during the pandemic has led demand for healthcare services to surge in a post-COVID environment, equating to a higher need for a breadth of medical supplies. Online medical supplies' vital part of healthcare delivery has shielded the industry from fluctuations, leading revenue to expand at a CAGR of 2.9% over the past five years to an estimated $12.0 billion, including expected growth of 6.3% in 2023.

This industry includes online retailers of medical supplies, which include equipment and tools used in healthcare for diagnosis, therapy or surgery. Online medical supply companies sell products such as topical treatments and dressings, antiseptics, bandages, cotton, first aid kits, syringes, ice bags, thermometers and heating pads. The industry doesn't include sales of nutritional supplements, vitamins, personal care products, eyeglasses and contact lenses.

This report covers the scope, size, disposition and growth of the industry including the key sensitivities and success factors. Also included are five year industry forecasts, growth rates and an analysis of the industry key players and their market shares.