U.S. 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) - Regional Outlook and Forecast 2024 to 2033
The U.S. healthcare consumables market size was estimated at USD 45.27 billion in 2023 and is projected to be worth around USD 60.26 billion by 2033, growing at a CAGR of 2.9% from 2024 to 2033.
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The US healthcare consumables market offers products with a variety of uses in general healthcare or medical procedures. These products usually consist of medical scales, surgical blades, bandages, gauze, syringes, tape, staples, stethoscopes, and many other items. Healthcare consumables are generally defined as goods that are utilized in a hospital, clinic, or other medical facility. Healthcare supplies have specific uses.
Any item utilized by a medical practitioner to enhance overall patient care is often referred to as a healthcare consumable. The majority of healthcare consumables are disposable, single-use items. Its goal is to protect hospital-acquired illnesses from affecting individuals who have been admitted to the hospital or another healthcare facility. Over the projection period, there is expected to be an even greater demand for healthcare consumables due to the increased prevalence of chronic illnesses that need medical treatment.
Driver: Rising chronic diseases and growing elderly populations
A high volume of patients with chronic illnesses results in a higher number of hospital admissions. The biggest risk factor for neurological, urological, and cardiovascular conditions is aging. Surgical and diagnostic procedures are typically necessary for many disorders involving the use of consumables such as gloves, catheters, stethoscopes, guidewires, and thermometers. The group of the American population that is now rising at the quickest rate is the elderly (those over 65). Thereby, the rising rate of chronic diseases in geriatric population is observed to act as a driver for the US healthcare consumables market.
Restraint: High cost and environmental concerns
The cost of healthcare consumables, especially disposable items, can be a significant burden on healthcare budgets. In some cases, the perceived high cost of disposable products may lead healthcare facilities to explore cost-saving alternatives, impacting the US healthcare consumables market for certain products. In addition, the increased use of disposable healthcare consumables contributes to environmental concerns related to plastic waste and pollution.
There is a growing emphasis on sustainability and environmentally friendly practices, leading to potential restraints on the use of certain single-use items. Thus, the high cost and environmental concerns might be a major challenge for the US healthcare consumables market over the forecast period.
Opportunity: Growing partnership
The growing partnership is expected to offer a lucrative opportunity for the US healthcare consumables market during the forecast period. Clients of the partnering companies can benefit from pooled resources. These include full medical equipment management at a healthcare institution, which includes regular maintenance, recall monitoring and response, distribution and disinfection, and more.
Through the standardization of equipment management procedures across healthcare systems and proactive data safety monitoring, the program may also assist to save costs and increasing productivity for its clients. Additional services offered by such collaboration further enhance the customer experience.
It was estimated that the sterilization consumables segment dominated the market in 2023. Sterilization pouches and bags are widely used in healthcare settings to package and sterilize medical instruments. These pouches provide a barrier against microorganisms, ensuring the sterility of instruments until they are ready for use.
Moreover, sterilization wraps and covers are disposable materials used to wrap or cover larger medical equipment before the sterilization process. They help maintain the sterility of equipment during storage and transportation within the healthcare facility.
Besides, the diagnostic consumables segment is expected to grow at the highest CAGR during the forecast period. Diagnostic test kits encompass a wide range of consumables used for detecting specific biomarkers or indicators of diseases. These kits include reagents, test strips, and other disposable components necessary for conducting tests such as pregnancy tests, glucose monitoring, and infectious disease testing. Thereby, driving the segment expansion.
The plastic resin segment held the largest share of the US healthcare consumables market in 2023. Plastic resins, such as polyethylene, polypropylene, and polyvinyl chloride (PVC), are commonly used for the packaging of healthcare consumables. Plastic packaging provides a protective barrier, ensuring the sterility of products such as syringes, gloves, and bandages.
Additionally, they are used to manufacture components of diagnostic tests, including housing for test kits, microfluidic devices, and other disposable elements. These materials provide the necessary precision and versatility for diagnostic applications. Thus, the increasing application is expected to propel the segment's growth.
The hospital segment dominated the market in 2023. Hospitals heavily rely on PPE, including disposable gloves, masks, gowns, and face shields, to protect healthcare workers from infections and maintain a safe environment during patient care. Moreover, they use a wide range of surgical consumables, such as disposable drapes, gowns, surgical gloves, and single-use instruments. These items contribute to maintaining a sterile surgical environment and reducing the risk of surgical site infections.
Besides, the clinics/physician office segment is expected to grow at a rapid rate over the forecast period. Clinics and physician offices use PPE, including disposable masks, gloves, gowns, and face shields, to protect healthcare providers and patients during examinations and medical procedures. Additionally, these healthcare settings often utilize diagnostic consumables such as test kits, reagents, and laboratory supplies for various diagnostic tests and screenings, enabling rapid and accurate diagnoses. Thereby, driving the segment growth.
Segments Covered in the Report
By Product Type
By Raw Materials
By End User
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