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Corporation
HEALTHCARE | Medical Devices & Equipment
avanos.com

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Stage

IPO | IPO

Date of IPO

11/3/2014

Market Cap

1.45B

Stock Price

30.46

About Avanos Medical

Avanos Medical is a medical technology company focused on delivering medical device solutions to improve patients' quality of life. The company is comprised of two franchises – Pain Management and Chronic Care – that address important healthcare needs, namely reducing the use of opioids while helping patients recover faster and preventing infection.

Avanos Medical Headquarter Location

5405 Windward Parkway

Alpharetta, Georgia, 30004,

United States

844-425-9273

Latest Avanos Medical News

Medical Supplies Market Size to Hit USD 186 Billion by 2030

Nov 24, 2021

Companies Covered 3M, Medtronic, Johnson & Johnson, Smith & Nephew, BD, Cardinal Health, Inc., Abbott, B. Braun Melsungen AG, Stryker, Boston Scientific Corporation, Thermo Fisher Scientific, Inc., Baxter International, Inc., Avanos Medical, Inc. The lack of proper healthcare infrastructure in the underdeveloped markets and lower demand for the surgeries owing to low disposable income of the consumers are the major factors that limit the growth of the medical supplies market. The stringent government regulations pertaining the medical supplies and good manufacturing practices are the major challenges faced by the market players. Based on the region, North America dominated the global medical supplies market in 2020. The rising prevalence of various chronic diseases in US and Canada is significantly contributing towards the increased consumption of the medical supplies. Increasing prevalence of chronic diseases, rising geriatric population, increased healthcare expenditure, developed healthcare infrastructure, and increasing demand for the surgeries among the population are several prominent factors that may be held accountable for the increased demand for the medical supplies in North America. The higher penetration and adoption of health and medical insurance policies among the population encourages the people to go for the surgery treatment, which drives the growth of the global medical supplies market in the region. Asia Pacific is estimated to be the most opportunistic market during the forecast period. This can be attributed to the increased government investments in the development of the sophisticated healthcare infrastructure in the region. The rising popularity of non-invasive surgeries and growing adoption of health and medical insurance among the population is positively impacting the market. Further, the increasing number of diagnostic centers and private clinics in the region is further fueling the market demand. Moreover, the increased number of road accident cases is a major factor that may significantly drive the demand for the medical supplies in Asia Pacific during the forecast period. Based on type, the catheters segment dominated the market in 2020. This is due to the rising geriatric population and rise in the number of diabetic population. The chronic diseases such as diabetes, stroke, dementia, and chronic obstructive pulmonary disease can cause urinary incontinence. According to the WHO, urinary incontinence is prevalent among 9.9% to 36.1% of the population. It is twice higher in older women as compared to that of older men. Urinary incontinence is the primary driver of the catheters segment in the global medical supplies market. Based on the application, the wound care segment is estimated to be the most opportunistic segment during the forecast period. The rising cases of road traffic accidents is expected to be the major driver of the wound care consumables. According to WHO, road accidents is one of the most prominent cause of death among the children and young adults aged between 5 years to 29 years. Around 93% of the road accidents are occurred in the low and middle income countries. Hence, this segment is expected to grow rapidly in the upcoming future. Based on the end user, the hospitals segment dominated the market in 2020. The rising penetration of the hospitals in the developing and the developed nations has fostered the growth of this segment. The increased number of hospital admissions, and rising demand for the surgeries is fueling the consumption of the medical supplies across the globe. Moreover, developed healthcare infrastructure in the developed regions like Europe and North America played a crucial role in the growth of the medical supplies market. Moreover, rising government and corporate investments in the development of hospitals in the developing countries like India, China, and Brazil is expected to further fuel the demand for the medical supplies in the upcoming future. Browse More Healthcare Industry Research Reports@  https://www.precedenceresearch.com/industry/healthcare Segments Covered in the Report By Type Buy this Premium Research Report@  https://www.precedenceresearch.com/checkout/1375 You can place an order or ask any questions, please feel free to contact at  sales@precedenceresearch.com  | +1 9197 992 333 About Us Precedence Research is a worldwide market research and consulting organization. We give unmatched nature of offering to our customers present all around the globe across industry verticals. Precedence Research has expertise in giving deep-dive market insight along with market intelligence to our customers spread crosswise over various undertakings. We are obliged to serve our different client base present over the enterprises of medicinal services, healthcare, innovation, next-gen technologies, semi-conductors, chemicals, automotive, and aerospace & defense, among different ventures present globally. For Latest Update Follow Us:

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Expert Collections containing Avanos Medical

Expert Collections are analyst-curated lists that highlight the companies you need to know in the most important technology spaces.

Avanos Medical is included in 1 Expert Collection, including Medical Devices.

M

Medical Devices

3,500 items

https://www.advamed.org/membership-join/membership-directory/ - excludes those without working websites.

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