The Pakistan medical Supply Market is expected to reach US$ 4.2 billion by 2024. According to the report, the industry is projected to grow at a CAGR of 5.3% during the period 2013-2024.
With the increasing demand for medical supplies in Pakistan, opportunities are provided for companies that can cater to this demand. Medical Equipment Companies have been able to capitalize on this opportunity and grow their business in recent years.
Pakistan Medical Supply Market is expected to witness significant growth in online medical supply stores in future because of factors such as population growth, increase in healthcare expenditure and increased awareness about health care services among individuals.
Pakistan’s Medical Supply Market Overview
Pakistan’s medical supply market is worth $1.6 billion, and it is expected to grow at a CAGR of 7.4% during the forecast period. The medical supply market in Pakistan is worth $1.6 billion, and it is expected to grow at a CAGR of 7.4% during the forecast period. The country has been witnessing rapid growth in the medical sector due to an increase in demand for healthcare services from both public and private sectors.
The government has been focusing on improving healthcare facilities across the country through various programs such as the National Health Insurance Scheme (NHIS). This scheme was launched by Prime Minister Imran Khan on September 1, 2018 with an aim to provide comprehensive health insurance coverage to the entire population of Pakistan (nearly 60 million people).
Current Scenario of the Pakistan’s Medical Supply Market
Pakistan’s medical supply market is in dire need of a change. The current scenario is where the medical supply market is dominated by a few large players, which are monopolizing the market and restricting access to affordable healthcare.
The government has taken steps to improve this situation by introducing new rules and regulations. In 2018, the government announced that it would require all hospitals to hold a license from them before they could purchase medical supplies. This will make it easier for patients to get quality healthcare at an affordable rate.
The increasing demand for medical equipments like heating blankets, OT equiments & surgical items in Pakistan is the major factor contributing to the overall growth of the medical supply market. The government is implementing several initiatives and policies to increase health insurance coverage, which has helped in attracting more patients into hospitals. Further, growing disposable income levels have also contributed to increased demand for quality healthcare services, including expensive drugs and accessories.
Future Trends of the Pakistan’s Medical Supply Market
The medical supply market in Pakistan is expected to grow at an average annual rate of 12.2% from 2019 to 2024.
With the increasing demand for medical services, the medical supply market in Pakistan is expected to grow at an average annual rate of 12.2% from 2019 to 2024, according to a new report by Grand View Research, Inc.
The report, titled “Global Medical Supplies Market 2019-2024”, provides an overview of the global medical supplies market. It also provides an in-depth analysis of the market by product (gloves, gowns, masks, caps, etc.), distribution channel (hospital), region and country.In 2018, the United States was the largest healthcare market in terms of expenditure and it is expected to maintain its position in 2024 with a share of 53% to 65%. The second
Opportunities for Investors in the Pakistan’s Medical Supply Industry
The medical supply industry is an attractive investment opportunity for investors as it is growing at a fast pace. The increasing number of hospitals and pharmacies in Pakistan is driving demand for medical supplies.
The key to success in the medical supply industry is to identify the right niche and market it effectively. One way to do that is by investing in a company that has been around for a long time and has established itself as the leading provider of products or services in that niche.
Investors can also invest in companies that are just starting out or have just entered the market. These companies offer unique opportunities because they have not yet established themselves as leaders, which means they are still trying to establish their position,
