Growth in global health care equipment and supplies market Siemens manufactures , develops , and supplies health care equipment and supplies . The growing market could post opportunities for the company . The global health care supplies and equipment market was valued at $ 409.7 billion in 2017 and is expected to grow at 3.3 % during 2017 - 22 to reach $ 482.3 billion by 2022 . The growing global population and an increase in chronic conditions are majorly driven by the worldwide health care equipment and supplies market . The U.S. accounted for 38.3 % of the worldwide health care equipment and supplies market , followed by Europe with 31.7 % , and Asia - Pacific with 24.2 % . It provides services such as customer services , enterprise services , laboratory diagnostics services , and options and upgrade services . This growing market is creating enormous opportunities for growth for Siemens Healthineers ( Siemens , 2020 )