Global Hospital Supplies Market Insights Forecasts to 2033

• The Global Hospital Supplies Market Size was Valued at USD 42.5 Billion in 2023
• The Market Size is Growing at a CAGR of 11.47% from 2023 to 2033
• The Worldwide Hospital Supplies Market Size is Expected to Reach USD 125.9 Billion by 2033
• Europe is Expected to Grow the fastest during the forecast period.

 

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The Global Hospital Supplies Market Size is Anticipated to Exceed USD 125.9 Billion by 2033, Growing at a CAGR of 11.47% from 2023 to 2033.

 

Market Overview

Hospital supplies include gloves, drapes, procedure trays, needles and syringes, and operating room tables, among other medical equipment used in clinics and hospitals for treatment, disinfection, transportation, and early diagnosis of patients. Hospital supplies that are disposable are those that are meant to be used momentarily or only once and can be thrown away after usage. They don't need to be maintained or sterilized and are easy to use. Both public and private expenditures are involved. Disposables and instruments/equipment are the products used. Diagnostic labs, healthcare facilities, and others are the end users. Furthermore, it appears that some notable factors that are expected to create significant opportunities for the global hospital supplies market are the focus that governments and healthcare organizations around the world are placing on raising awareness in their respective regions about the rapidly rising number of infectious diseases as well as preventive measures to lower the rate.

 

Report Coverage

This research report categorizes the market for the global hospital supplies 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 hospital supplies 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 hospital supplies market.

 

Driving Factors

The main thing propelling the market forward during the epidemic is hospitals' expanding infrastructure for providing healthcare. Patients' ability to recover from infections and chronic illnesses is greatly influenced by their access to healthcare. Modern surgical techniques utilize the newest technologies available. To identify or treat cancer cells within the body, cutting-edge infrastructure and technology are needed. Most major players concentrate on expanding the market and producing gadgets that meet the needs of a specific demographic. Furthermore, according to estimates from the Centers for Disease Control and Prevention (CDC), 20.1 million persons in the US alone are estimated to suffer from coronary artery disease (CAD) each year. Over the course of the forecast period, the global hospital supplies market is anticipated to develop significantly due to growing awareness about the prevention of hospital-acquired illnesses.

 

Restraining Factors

The decline in private health insurance, the growing popularity of home care services, and stringent government regulations are major restraints on the growth of the hospital equipment and supplies market. Furthermore, the high cost of hospital supplies limits market growth.

 

Market Segmentation

The global hospital supplies market share is classified into type, product type, and end-user.

 

• The disposable hospital supplies segment is expected to hold the largest share of the global hospital supplies market during the forecast period.   

Based on the type, the global hospital supplies market is divided into disposable hospital supplies, sterilization equipment and disinfectants, mobility aids and transportation equipment, operating room equipment, and others. Among these, the disposable hospital supplies segment is expected to hold the largest share of the global hospital supplies market during the forecast period. Disposable hospital products include medical equipment and portable machines, which are widely used in the healthcare industry. The increasing prevalence of hospital-acquired infections highlights the need for effective disposable medical supplies.  According to the study 'Nosocomial Pneumonia,' approximately 90% of patients in ICUs are at risk of contracting nosocomial pneumonia, necessitating the use of disposable surgical gowns, boots, and face masks, among others. Rising awareness of hospital-acquired infections is driving the demand for hospital hygiene, accelerating segment growth.

 

• The surgical gloves segment is expected to grow at the fastest CAGR in the global hospital supplies market during the forecast period.   

Based on the type, the global hospital supplies market is divided into surgical gloves, surgical gowns, surgical drapes, surgical packs, feeding tubes, and others. Among these, the surgical gloves segment is expected to grow at the fastest CAGR in the global hospital supplies market during the forecast period. The rising number of surgical procedures, including carotid endarterectomy, appendectomy, cesarean section, coronary artery bypass graft (CABG), and circumcision, is expected to increase demand for surgical gloves segment in the global hospital supplies market.

 

• The hospital segment is expected to grow at the fastest CAGR in the global hospital supplies market during the forecast period.   

Based on the end-user, the global hospital supplies market is divided into hospitals, ambulatory surgical centers, specialty clinics, and others. Among these, the hospital segment is expected to grow at the fastest CAGR in the global hospital supplies market during the forecast period. The hospital supplies market is closely related to the needs of healthcare facilities and hospitals. Several factors influence hospital supply demand, including the number of hospital admissions, medical technology advancements, and the overall healthcare infrastructure.

 

Regional Segment Analysis of the Global Hospital Supplies 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 hospital supplies market over the predicted timeframe.

 

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North America is anticipated to hold the largest share of the global hospital supplies market over the predicted timeframe. The continued emphasis on creative and cost-effective practices in the United States has resulted in an expansion of the hospital supplies market, contributing to North America's leadership position. Infections acquired in hospitals and rising communicable diseases are also expected to drive market growth for hospital supplies. Furthermore, disposable medical supplies have experienced extraordinary growth in recent years, and they are expected to drive market expansion in North America. The CDC estimates that 5% of patients in affluent nations contract hospital-related infections. As a result, the U.S. hospital supply market will continue to be driven by an increase in patient admissions, high treatment needs, an increase in the prevalence of hospital-acquired infections, and the adoption of medical hygiene standards.

 

Europe is expected to grow at the fastest pace in the global hospital supplies market during the forecast period. During the pandemic period, the European government prioritized the approval of medical devices and personal protection equipment that adhered to standard production rules, thereby driving the hospital supply market. Most hospitals are running out of supplies due to the increased number of patients brought on by the pandemic. In Europe, the Commission and the European Committee for Standardization (CEN) have agreed on standards for protective equipment such as face masks and disposable gloves that are manufactured in their region.

 

Competitive Analysis:

The report offers the appropriate analysis of the key organizations/companies involved within the global hospital supplies 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

• Medtronic (Covidien)
• GE Healthcare
• Becton, Dickinson, and Company
• Thermo Fischer Scientific Inc.
• Boston Scientific Corporation
• Cardinal Heath
• 3M Science
• B. Braun Melsungen AG
• Advanced Sterilization Services
• Molnlycke Health Care AB
• Baxter
• Terumo
• Steris Corporation
• Kimberly-Clark Corporation
• Stryker Corporation
• Johnson and Johnson
• Getinge AB
• Others

 

Key Target Audience

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

 

Recent Developments

• In October 2023, GE HealthCare and reLink Medical joined forces to provide healthcare organizations with asset management services that reduce medical device waste, improve operational efficiency, and maximize equipment utilization. This collaboration includes a standardized medical equipment disposal solution, which includes selling, recycling, or donating obsolete medical supplies.

 

• In February 2022, Medtronic plc announced the launch of the NuVent Eustachian tube dilation balloons, which have been FDA-approved for the diagnosis of chronic, obstructive Eustachian Tube Dysfunction. The NuVent balloon enables physicians to treat patients in an outpatient or office setting. It has a flexible balloon component, which allows for personalized implantation based on the patient's anatomy.

 

Market Segment

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

 

Global Hospital Supplies Market, By Type

• Disposable Hospital Supplies
• Sterilization Equipment and Disinfectants
• Mobility Aids and Transportation Equipment
• Operating Room Equipment
• Others

 

Global Hospital Supplies Market, By Product Type

• Surgical Gloves
• Surgical Gowns
• Surgical Drapes
• Surgical Packs
• Feeding Tubes
• Others

 

Global Hospital Supplies Market, By End-User

• Hospitals
• Ambulatory Surgical Centers
• Specialty Clinics
• Others

 

Global Hospital Supplies Market, 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