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, Homecare, Others) - Global Industry Analysis, Size, Share, Growth, Trends, Regional Outlook, and Forecast 2021 - 2030


The global healthcare consumables market was valued at USD 315.6 billion in 2020 and is expected to surpass around USD 1,125.1 billion by 2030, growing at a CAGR of 13.6% from 2021 to 2030.

Healthcare Consumables Market Size 2020 to 2030

Growth Factors

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.

Scope of the Healthcare Consumables Market Report

Report Highlights Details
Market Size in 2030 USD 1,125.1 Billion
Growth Rate CAGR of 13.6% from 2021 to 2030
Largest Market North America
Fastest Growing Market Asia Pacific
Base Year 2021
Forecast Period 2021 to 2030
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

 

Product Type Insights

Based on the product type, the sterilization consumables segment accounted for around 14% of the market share in 2020. 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.

Raw Material Insights

Based on the raw materials, the plastic resin segment accounted for around 59% of the market share in 2020. 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.

End User Insights

Based on the end user, the hospitals segment accounted for around 55% of the market share in 2020. This is attributed to the increased penetration of hospitals across the globe coupled with the rising number of hospital admissions. The growing demand for the surgeries owing to the technological advancements in the therapeutics and surgical equipment has boosted the growth of the market.

Healthcare Consumables Market Share, By End User, 2020 (%)

On the other hand, the homecare is estimated to be the fastest-growing market during the forecast period. The increased awareness regarding the hospital acquired infections, growing geriatric population, increased disposable income, and conveniences associated with the homecare treatment is resulting in the increased popularity of the homecare segment.

Region Insights

Based on region, North America accounted for over 33% of the market share in 2020. 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.

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:

  • 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

Segments Covered in the Report

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
  • Homecare
  • Others

By Geography

  • North America
    • U.S.
    • Canada
  • Europe
    • U.K.
    • Germany
    • France
  • Asia Pacific
    • China
    • India
    • Japan
    • South Korea
  • Rest of the World

Frequently Asked Questions

What is the current size of healthcare consumables market?
According to Precedence Research, the global healthcare consumables market size was reached at USD 315.6 billion in 2020 and is projected to surpass around USD 1,125.1 billion by 2030.
The global healthcare consumables market is growing at a CAGR of 13.6% from 2021 to 2030.
Rising prevalence of chronic diseases, growing geriatric population, rising number of hospital admissions, and increasing healthcare expenditure are the several significant factors that drives the growth of the global healthcare consumables market.
The major players operating in the healthcare consumables market are 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.
The North America region accounted for over 33% of the market share in 2020 and will lead the market over forecast period 20201 to 2030.

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