Global Healthcare Consumables Market Insights Forecasts to 2033

• The Global Healthcare Consumables Market Size was Valued at USD 154.94 Billion in 2023
• The Market Size is Growing at a CAGR of 3.70% from 2023 to 2033
• The Worldwide Healthcare Consumables Market Size is Expected to Reach USD 222.9 Billion by 2033
• Asia Pacific is Expected to Grow the fastest during the forecast period.

The Global Healthcare Consumables Market Size is Anticipated to Exceed USD 222.9 Billion by 2033, Growing at a CAGR of 3.70% from 2023 to 2033.

Market Overview

"Healthcare Consumables" includes a wide range of items required for medical diagnosis, treatment, and procedures. These consumables include gauze, syringes, bandages, gloves, and catheters in addition to other disposable products. The rise in chronic illness prevalence, including diabetes, cancer, and heart disease, is driving the need for healthcare supplies. The market will rise shortly due to technological advancements in healthcare consumables and infrastructure as well as the expanding need for better healthcare services. It is expected that growing health tourism and rising healthcare costs will drive market growth. Government programs and healthcare policies that attempt to improve patient safety, provide access to healthcare services, and upgrade the infrastructure of healthcare facilities are mainly driving the healthcare consumables market. Furthermore, key market players include BD, Thermo Fisher Scientific, Inc., Baxter International, Inc., Avanos Medical, Inc., 3M, Johnson & Johnson, and Medtronic, Cardinal Health, Inc.

For Instance in March 2024, In India, the BD Company launched the BD Vacutainer Ultra Touch Push Button Blood Collection Set, which includes cutting-edge technology including BD RightGauge and BD PentaPoint. By allowing the use of a thinner needle for blood collection, BD RightGauge technology improves patient comfort and lowers the possibility of bruises or harm to tissue.

Report Coverage

This research report categorizes the market for the global healthcare consumables market based on various segments and regions forecasts revenue growth and analyzes trends in each submarket. The report analyses the key growth drivers, opportunities, and challenges influencing the global healthcare consumables market. Recent market developments and competitive strategies such as expansion, product launch, and development, partnership, merger, and acquisition have been included to draw the competitive landscape in the market. The report strategically identifies and profiles the key market players and analyses their core competencies in each sub-segment of the global healthcare consumables market.

Driving Factors

The increased number of hospitalized patients due to various factors, such as the rising prevalence of chronic diseases, an increase in traffic accidents, and a rise in people's use of surgical procedures for treatment, primarily drives the healthcare consumables market. In addition, the use of healthcare consumables is increasing due to the increase in hospital-acquired diseases and the growing awareness of these disorders. The growing number of elderly individuals worldwide is expected to drive growth in the market because they are more dependent on a variety of diseases and require constant care, which could increase demand for medical supplies.     

Restraining Factors

The healthcare consumables market is mainly restricted by cost pressures and price sensitivity. Healthcare providers are becoming more and more focused on cost conservation and efficiency, especially in environments where resources are limited or in areas where healthcare budgets are restricted. Therefore, they tend to give importance to economical consumables without sacrificing quality or safety.

Market Segmentation

The global healthcare consumables market share is classified into product type, raw material, and end user.

• The sterilization consumables segment is expected to hold the largest share of the global healthcare consumables market during the forecast period.    

Based on the Product type, the global healthcare consumables market is divided into wound care consumables, diagnostic consumables, respiratory supplies, drug delivery products, dialysis consumables, sterilization consumables, incontinence products, disposable gloves, disposable masks, hands sanitizer, and others. Among these, the sterilization consumables segment is expected to hold the largest share of the global healthcare consumables market during the forecast period. Test tubes, cotton swabs, sterilizer bags, and cotton balls are some of the sterilization consumables and are increasingly utilized for skin preparation and sterilizing various healthcare equipment. The sterilizing consumables market is growing due in part to the rising demand for premixed cotton swabs and cotton balls.

• The plastic resin segment is expected to hold the largest share of the global healthcare consumables market during the forecast period.   

Based on the raw materials, the global healthcare consumables market is divided into rubber, non-woven materials, glass, metals, plastic resin, paper, and others. Among these, the plastic resin segment is expected to hold the largest share of the global healthcare consumables market during the forecast period. Plastic resin is a useful raw material for healthcare consumables due to it is very sterile and exhibits nearly zero reaction with other materials. It can be easily accountable to the growing use of plastic resins in the manufacturing of a variety of healthcare consumables, including syringes, tubes, packaging materials, and medical containers.    

• The hospitals segment is expected to hold the largest share of the global healthcare consumables market during the forecast period.     

Based on the end user, the global healthcare consumables market is divided between hospitals, clinics, and others. Among these, the hospitals segment is expected to hold the largest share of the global healthcare consumables market during the forecast period. The number of hospital admissions has significantly increased due to the rising incidence of chronic diseases and the aging population. Hospitals frequently receive a steady stream of patients, which means that there is always a need for healthcare supplies. Specialized departments like labs, imaging centers, and rehabilitation centers are prevalent in many hospitals.    

Regional Segment Analysis of the Global Healthcare Consumables Market

• North America (U.S., Canada, Mexico) 
• Europe (Germany, France, U.K., Italy, Spain, Rest of Europe)
• Asia-Pacific (China, Japan, India, Rest of APAC)
• South America (Brazil and the Rest of South America) 
• The Middle East and Africa (UAE, South Africa, Rest of MEA)

North America is anticipated to hold the largest share of the global healthcare consumables market over the predicted timeframe.

North America is anticipated to hold the largest share of the global healthcare consumables market over the predicted timeframe. Increased healthcare spending, rising knowledge of minimally invasive surgeries, a strong healthcare infrastructure, and a greater concentration of healthcare organizations all improve North America healthcare consumables market. The demand for consumables used in long-term care, rehabilitation, and geriatric care facilities is significantly influenced by the aging population in the region. As they address the special demands and difficulties experienced by seniors, products made especially for their care such as mobility aids, incontinence management programs, and home healthcare supplies are becoming more and more popular in North America region.

Asia Pacific is expected to grow at the fastest pace in the global healthcare consumables market during the forecast period. The World Health Organization predicts that, 80% of the world's senior population will remain in middle- and low-income countries in Asia Pacific, indicating a significant growth in the region's elderly population in the forecast period. The market's growth path in Asia Pacific is further supported by the growing number of hospitals, clinics, ambulatory services, and diagnostic laboratories.

Europe is anticipated to hold a significant share of the global healthcare consumables market over the predicted timeframe. In addition to rising healthcare costs, the prevalence of chronic diseases, technological improvements in healthcare facilities, and the market for healthcare consumables in Europe more specifically, in the UK, Germany, and France is expected to grow gradually. Due to its well-established healthcare system, the UK is seeing a strong increase in demand for consumables such as disposable medical supplies, diagnostic kits, and wound care products.   

Competitive Analysis:

The report offers the appropriate analysis of the key organizations/companies involved within the global healthcare consumables market along with a comparative evaluation primarily based on their product offering, business overviews, geographic presence, enterprise strategies, segment market share, and SWOT analysis. The report also provides an elaborative analysis focusing on the current news and developments of the companies, which includes product development, innovations, joint ventures, partnerships, mergers & acquisitions, strategic alliances, and others. This allows for the evaluation of the overall competition within the market.

List of Key Companies

• BD
• Thermo Fisher Scientific
• Baxter International, Inc.
• Avanos Medical, Inc.
• Johnson & Johnson
• Medtronic
• McKesson Medical-Surgical Inc
• Medline Industries Inc
• Terumo Medical Corp
• Owens and Minor
• Smith And Nephew Inc
• Cardinal Health, Inc.
• B. Braun Melsungen AG
• Boston Scientific Corporation
• Others

Key Target Audience

• Market Players
• Investors
• End-users
• Government Authorities 
• Consulting And Research Firm
• Venture capitalists
• Value-Added Resellers (VARs)

Recent Developments 

• In May 2024, The CXCL10 testing service was launched by Thermo Fisher Scientific to support kidney transplant patients' care. For the approximately 250,000 Americans who are living with a kidney transplant, the testing service may make post-transplant care easier and minimally invasive.  

• In July 2024, the medical technology company Smith+Nephew announced that the US Food and Drug Administration had granted it 510(k) clearance for its revolutionary CATALYSTEM Primary Hip System. The system is made to meet the changing needs of primary hip surgery, such as the growing popularity of anterior approach procedures and the growing significance of ambulatory surgery centers (ASCs).

Market Segment

This study forecasts revenue at global, regional, and country levels from 2020 to 2033. Spherical Insights has segmented the global healthcare consumables market based on the below-mentioned segments: 

Global 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

Global Healthcare Consumables Market, By Raw Material  

• Rubber
• Non-woven Materials
• Glass
• Metals
• Plastic Resin
• Paper
• Others

Global Healthcare Consumables Market, By End User

• Hospitals
• Clinics
• Others

Global Healthcare Consumables Market, By Regional

• North America
  • US
  • Canada
  • Mexico
• Europe
  • Germany
  • Uk
  • France
  • Italy
  • Spain
  • Russia
  • Rest of Europe
• Asia Pacific
  • China
  • Japan
  • India
  • South Korea
  • Australia
  • Rest of Asia Pacific
• South America
  • Brazil
  • Argentina
  • Rest of South America
• Middle East & Africa
  • UAE
  • Saudi Arabia
  • Qatar
  • South Africa
  • Rest of the Middle East & Africa