Global Medical Manifolds Sales Is Estimated To Reach About 103.4 Million Units By The End Of 2017
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The global medical manifolds sales is estimated to reach about 103.4 Million Units by the end of 2017, which is expected to get 168.9 Million Units in 2022. Global total medical manifolds market size is estimated to reach about $483.89 million in 2017, which is expected to get about $700.30 million by 2022. Overall, the medical manifolds products performance is positive with the global economic recovery.
The technical barriers of medical manifolds are not so high, resulting in low level concentration degree. The manufacturing bases scatter around the world, China is the preferred choice due to its low labor cost and raw material inventory advantage, USA and Europe are also good choice as to the advanced technological advantage. Key companies in medical manifolds market include: Merit Medical Systems, Smiths Medical, B. Braun, Argon Medical Devices, ICU Medical, Demax Medical and some others.
Medical manifolds are widely used in hospitals, while they can also be used by other healthcare centers and organizations, mainly for interventional imaging and infusion fluid management.
In the past few years, the price of medical manifolds decreased and we expect the price has pressure to increase in short time. However, the improvement of energy, transportation costs, employee wages, and equipment depreciation will play a significant role in promoting the cost of medical manifolds. Therefore, to some extent, the companies are facing a risk of profit decline.
There are companies adding capacities and aiming at the cost and quality leadership which shall improve profitability. At the same time, companies are focusing on technological innovation, equipment upgrades, and process improvements, to reduce costs and improve quality. The total competition market for medical manifolds will become more weakened, while the market is going to be more concentrated for high end medical manifold products.