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Healthcare Consumables Market (By Product Type: Wound Care Consumables, Diagnostic Consumables, Respiratory Supplies, Drug Delivery Products, Dialysis Consumables, Sterilization Consumables, Incontinence Products, Disposable Gloves, Disposable Masks, Hands Sanitizer, Others; By Raw Materials: Rubber, Non-woven Materials, Glass, Metals, Plastic Resin, Paper, Others; By End User: Hospitals, Clinics, Others) - Global Industry Analysis, Size, Share, Growth, Trends, Regional Outlook, and Forecast 2024 - 2033
The global healthcare consumables market was valued at USD 155.38 billion in 2023 and is expected to surpass around USD 219.12 billion by 2033, growing at a CAGR of 3.4% from 2023 to 2033.
The U.S. healthcare consumables market size was valued at USD 45.27 billion in 2023 and is expected to reach around USD 60.26 billion by 2033, growing at a CAGR of 2.9% from 2024 to 2033.
Based on region, North America accounted for over 42% of the market share in 2023. North America is characterized by the increased healthcare expenditure, rising awareness regarding minimally-invasive surgeries, presence of strong healthcare infrastructure, and increased penetration of healthcare units. Moreover, rising number of hospital admissions is boosting the market growth. As per the data revealed by the CDC, there were around 45 million outpatient surgeries, more than 900 million physician visits, and 155 million emergency department visits in US, in 2019.
On the other hand, Asia Pacific is estimated to be the most opportunistic market during the forecast period. Asia Pacific is projected to witness huge presence of the geriatric population in the upcoming future. According to WHO, 80% of the global geriatric population is expected to be living in the low and middle-income countries, by 2050. Moreover, the rising penetration of hospitals, ambulatory services, clinic, and diagnostic labs in the region is boosting the market growth.
The global healthcare consumables market is primarily driven by the increased number of hospitals admissions owing to various reasons like the rising prevalence of chronic diseases, increasing the number of road traffic accidents, and increased adoption of surgical procedures for treatment among the population. Moreover, the rising number of hospital acquired diseases and growing awareness regarding this is boosting the consumption of healthcare consumables. In the year 2020, the demand for healthcare consumables witnessed a rapid surge owing to the rapid spread of the COVID-19 disease across the globe and increased number of hospital admissions. The government in most of the countries encouraged the increased the production of consumable such as face shields, face masks, disposable gloves, and hospital gowns. This resulted in the increased revenue in 2020. The demand for the personal protective equipment increased exponentially across the globe to prevent the COVID-19 infection.
The rising prevalence of various chronic diseases like CVDs, COPD, and diabetes is a significant contributor to the healthcare consumables market growth. According to the International Diabetes Federation, the global diabetic population is estimated to reach at around 552 million by 2030. According to the WHO, diabetes is a major reason for kidney failure, blindness, stroke, and diabetic foot ulcer. This results in prolonged hospital stays. The rising the geriatric population across the globe is expected to drive the growth of the market, as old age people as more prone to various diseases and they need utmost attention and continuous monitoring, which may fuel the demand for the healthcare consumables. According to the WHO, the global geriatric population is anticipated to reach 2 billion by 2050. Moreover, the rising demand for the various invasive and minimally-invasive surgeries for the treatment is positively impacting the growth of the global healthcare consumables market.
| Report Highlights | Details |
| Market Size in 2023 | USD 155.38 Billion |
| Market Size by 2033 | USD 219.12 Billion |
| Growth Rate from 2024 to 2033 | CAGR of 3.4% |
| Largest Market | North America |
| Fastest Growing Market | Asia Pacific |
| Base Year | 2023 |
| Forecast Period | 2024 to 2033 |
| Segments Covered | Product, Raw Material, End User, Region |
| Companies Mentioned | BD, Thermo Fisher Scientific, Inc., Baxter International, Inc., Avanos Medical, Inc., 3M, Johnson & Johnson, Medtronic, Cardinal Health, Inc., B. Braun Melsungen AG, Boston Scientific Corporation |
Based on the product type, the sterilization consumables segment captured the biggest revenue share in 2023. The sterilization consumables consists of cotton swabs, test tubes, sterilizer bags, and cotton balls, which are increasingly used for the skin preparation and sterilization of different medical equipment. The growing demand for the premixed cotton swabs and cotton balls is further fueling the growth of the sterilization consumables segment.
On the other hand, the hands sanitizer is estimated to be the most opportunistic segment during the forecast period. This can be attributed to the rising awareness regarding the various infections through hand. The increased burden of fungal and bacterial infections is boosting the growth of this segment. Moreover, the rising awareness regarding the hospital acquired infections is expected to boost the demand for the hands sanitizer during the forecast period.
Based on the raw materials, the plastic resin segment has held the largest market share in 2023. This is simply attributed to the increased utilization of the plastic resins in the production of wide range of healthcare consumables such as syringes, tubes, packaging materials, and containers for medical purposes. Moreover, the low cost, durability, and availability of different plastics such as PP, PVC, and polystyrene has exponentially created the growth opportunities in the healthcare industry.
On the other hand, non-woven materials segment is expected to be the fastest-growing segment during the forecast period. This is attributable to the increased awareness regarding benefits of the non-woven materials in efficiently preventing the hospital acquired infections and surgical infections. The easy disposal, recyclability, and low cost are the several benefits associated with the non-woven materials that fosters the market growth.
The hospitals segment held the largest share of the market in 2023 and the segment is observed to sustain its dominance throughout the forecast period. Hospitals typically experience a continuous and high patient flow, leading to a consistent demand for healthcare consumables. These facilities handle a wide range of medical conditions and treatments, requiring a variety of consumables on a daily basis. Many hospitals incorporate specialized units such as laboratories, imaging centers, and rehabilitation facilities. Each of these units requires specific consumables related to their functions, contributing to the overall demand within the hospital setting. Hospitals cater to a diverse patient population with varying medical needs. This diversity necessitates a wide range of consumables to address different health conditions, ages, and medical requirements.
Key Companies & Market Share Insights
The market is moderately fragmented with the presence of several local companies. These market players are striving to gain higher market share by adopting strategies, such as investments, partnerships, and acquisitions & mergers. Companies are also spending on the development of improved products. Moreover, they are also focusing on maintaining competitive pricing.
Some of the prominent players in the global healthcare consumables market include:
Segments Covered in the Report
By Product Type
By Raw Materials
By End User
By Geography
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