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The Market value of Health & Beauty Segment in Australia (2020 - 2028, USD Millions)

  • The Health & Beauty segment in Australia registered Market value of USD 19,239.96 Millions in 2023

  • The indicator recorded a historical growth (CAGR) of 5.53% between 2020 to 2023, and is expected to grow by...

  • GlobalData projects the indicator to grow at a CAGR of...

The Market value of Health & Beauty Segment in Australia (2020 - 2028, USD Millions)

Published: Mar 2024
Source: GlobalData

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Global Health Care Equipment & Supplies  

The health care equipment & supplies market analyzes manufacturers of health care equipment, medical devices and supplies. The market profile covers disposable equipment and supplies such as syringes, catheters, electrodes, sutures, bandages, implantable prostheses, orthotics and prosthetics; otologic & technical aids such as hearing aids and wheelchairs; ophthalmic equipment such as eyeglasses, contact lenses and ophthalmoscopes; in-vitro diagnostics such as devices for clinical chemistry, microbiology, immunology and genetic tests; and other equipment such as imaging equipment and films and equipment for radiotherapy, dialysis, endoscopy, anesthetics, etc. 

The global health care equipment & supplies market experienced strong growth overall during the historic period, with an exception in 2020. The market is expected to recover over the forecast period and achieve healthy growth.  

The market was affected greatly in 2020 by the COVID-19 outbreak. The coronavirus pandemic had a negative impact on the consumption of the majority of products supplied by the market players. This is because those products were associated with surgical procedures or patients labeled as non-urgent, due to prioritizing coronavirus patients. 

Category segmentation 

Disposable equipment & supplies are the largest segments of the global health care equipment & supplies market, accounting for the largest share of the market's total value.  

The Other equipment segment accounts for the second-largest share of the market. 

Geography segmentation  

The United States accounts for the leading share of the global health care equipment & supplies market value. 

Europe accounts for the second-largest share of the global market. 

Who are the leading players?  

Johnson & Johnson (J&J) 

Johnson & Johnson (J&J) is the largest provider of health care equipment & supplies in the world. The company is based in Brunswick, New Jersey, the US and offers pharmaceuticals in the therapeutic areas of immunology, oncology, neuroscience, infectious diseases and vaccines, pulmonary hypertension, cardiovascular and metabolism. 

Abbott Laboratories (Abbott) 

Abbott Laboratories (Abbott) is the second-largest provider of health care equipment & supplies in the world. The company is based in Abbott Park, the US and offers diagnostic systems, neuromodulation devices, medical devices, pediatric and adult nutritional products and generic pharmaceuticals. Abbott sells its products under various brand names, including Similac, Oxepa, Alinity, Cell-Dyn, Heptral, Duspatal, FlexAbility, HeartMate and FreeStyle. 

Medtronic PLC (Medtronic) 

Medtronic PLC (Medtronic) is one of the largest providers of health care equipment & supplies in the world. The company is based in Dublin, Ireland and manufactures, develops and markets medical devices and technologies to various customers worldwide. 

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