The global healthcare consumables market gathered revenue around USD 356.3 billion in 2021 and market is set to grow USD 1,125.1 billion by the end of 2030 and is estimated to expand at a modest CAGR of 13.9% during the prediction period 2022 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.
This research report purposes at stressing the most lucrative growth prospects. The aim of the research report is to provide an inclusive valuation of the Healthcare Consumables market and it encompasses thoughtful visions, actualities, industry-validated market findings, historic data, and prognoses by means of appropriate set of assumptions and practice. Global Healthcare Consumables market report aids in comprehending market structure and dynamics by recognizing and scrutinizing the market sectors and predicted the global market outlook.
Report Coverage
Report Scope | Details |
Market Size | USD 1,125.1 billion by 2030 |
Growth Rate | CAGR of 13.9% From 2022 to 2030 |
Base Year | 2021 |
Forecast Period | 2022 to 2030 |
Report coverage | Growth Factors, Revenue Status, Competitive Landscape, and Future Trends |
Segments Covered | Product, Raw Material, End User, Region |
Regional Scope | North America, Europe, Asia Pacific, Latin America, Middle East & Africa (MEA) |
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 outlook
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.
Raw Material outlook
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.
End User outlook
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.
Region outlook
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.
COVID-19 Impact Assessment on Market Landscape
The report comprises the scrutiny of COVID-19 lock-down impact on the income of market leaders, disrupters and followers. Since lock down was instigated differently in diverse regions and nations, influence of same is also dissimilar across various industry verticals. The research report offers present short-term and long-term influence on the market to assist market participants across value chain makers to formulate the framework for short term and long-lasting tactics for recovery and by region.
Healthcare Consumables market Report empowers readers with all-inclusive market intelligence and offers a granular outline of the market they are operational in. Further this research study delivers exceptional combination of tangible perceptions and qualitative scrutiny to aid companies accomplishes sustainable growth. This report employs industry-leading research practices and tools to assemble all-inclusive market studies, intermingled with pertinent data. Additionally, this report also emphases on the competitive examination of crucial players by analyzing their product portfolio, pricing, gross margins, financial position, growth approaches, and regional occurrence.
Competitive Rivalry
Foremost players in the market are attentive on adopting corporation strategies to enhance their market share. Some of the prominent tactics undertaken by leading market participants in order to sustain the fierce market completion include collaborations, acquisitions, substantial spending in R&D and the improvement of new-fangled products or reforms among others.
Major manufacturers & their revenues, percentage splits, market shares, growth rates and breakdowns of the product markets are determined through secondary sources and verified through the primary sources.
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
North America
Europe
Asia Pacific
Latin America
Middle East & Africa (MEA)
Highlights of the Report:
Research Methodology
In the study, a unique research methodology is utilized to conduct extensive research on the growth of the Healthcare Consumables market, and reach conclusions on the future growth parameters of the market. This research methodology is a combination of primary and secondary research, which helps analysts ensure the accuracy and reliability of the conclusions.
Secondary resources referred to by analysts during the production of the Healthcare Consumables market study are as follows - statistics from government organizations, trade journals, white papers, and internal and external proprietary databases. Analysts have also interviewed senior managers, product portfolio managers, CEOs, VPs, marketing/product managers, and market intelligence managers, all of whom have contributed to the development of this report as a primary resource.
Comprehensive information acquired from primary and secondary resources acts as a validation from companies in the market, and makes the projections on the growth prospects of the Healthcare Consumables markets more accurate and reliable.
Secondary Research
It involves company databases such as Hoover's: This assists us recognize financial information, structure of the market participants and industry competitive landscape.
The secondary research sources referred in the process are as follows:
Primary Research
Primary research includes face-to face interviews, online surveys, and telephonic interviews.
Industry participants involved in this research study include:
Key Points Covered in Healthcare Consumables Market Study:
Chapter 1. Introduction
1.1. Research Objective
1.2. Scope of the Study
1.3. Definition
Chapter 2. Research Methodology
2.1. Research Approach
2.2. Data Sources
2.3. Assumptions & Limitations
Chapter 3. Executive Summary
3.1. Market Snapshot
Chapter 4. Market Variables and Scope
4.1. Introduction
4.2. Market Classification and Scope
4.3. Industry Value Chain Analysis
4.3.1. Raw Material Procurement Analysis
4.3.2. Sales and Distribution Channel Analysis
4.3.3. Downstream Buyer Analysis
Chapter 5. COVID 19 Impact on Healthcare Consumables Market
5.1. COVID-19 Landscape: Healthcare Consumables Industry Impact
5.2. COVID 19 - Impact Assessment for the Industry
5.3. COVID 19 Impact: Global Major Government Policy
5.4. Market Trends and Opportunities in the COVID-19 Landscape
Chapter 6. Market Dynamics Analysis and Trends
6.1. Market Dynamics
6.1.1. Market Drivers
6.1.2. Market Restraints
6.1.3. Market Opportunities
6.2. Porter’s Five Forces Analysis
6.2.1. Bargaining power of suppliers
6.2.2. Bargaining power of buyers
6.2.3. Threat of substitute
6.2.4. Threat of new entrants
6.2.5. Degree of competition
Chapter 7. Competitive Landscape
7.1.1. Company Market Share/Positioning Analysis
7.1.2. Key Strategies Adopted by Players
7.1.3. Vendor Landscape
7.1.3.1. List of Suppliers
7.1.3.2. List of Buyers
Chapter 8. Global Healthcare Consumables Market, By Product
8.1. Healthcare Consumables Market, by Product Type, 2022-2030
8.1.1. Wound care Consumables
8.1.1.1. Market Revenue and Forecast (2019-2030)
8.1.2. Diagnostic Consumables
8.1.2.1. Market Revenue and Forecast (2019-2030)
8.1.3. Respiratory Supplies
8.1.3.1. Market Revenue and Forecast (2019-2030)
8.1.4. Drug Delivery Products
8.1.4.1. Market Revenue and Forecast (2019-2030)
8.1.5. Dialysis Consumables
8.1.5.1. Market Revenue and Forecast (2019-2030)
8.1.6. Sterilization Consumables
8.1.6.1. Market Revenue and Forecast (2019-2030)
8.1.7. Incontinence Products
8.1.7.1. Market Revenue and Forecast (2019-2030)
8.1.8. Disposable Gloves
8.1.8.1. Market Revenue and Forecast (2019-2030)
8.1.9. Disposable Masks
8.1.9.1. Market Revenue and Forecast (2019-2030)
8.1.10. Hands Sanitizer
8.1.10.1. Market Revenue and Forecast (2019-2030)
8.1.11. Others
8.1.11.1. Market Revenue and Forecast (2019-2030)
Chapter 9. Global Healthcare Consumables Market, By Raw Materials
9.1. Healthcare Consumables Market, by Raw Materials, 2022-2030
9.1.1. Rubber
9.1.1.1. Market Revenue and Forecast (2019-2030)
9.1.2. Non-woven Materials
9.1.2.1. Market Revenue and Forecast (2019-2030)
9.1.3. Glass
9.1.3.1. Market Revenue and Forecast (2019-2030)
9.1.4. Metals
9.1.4.1. Market Revenue and Forecast (2019-2030)
9.1.5. Plastic Resin
9.1.5.1. Market Revenue and Forecast (2019-2030)
9.1.6. Paper
9.1.6.1. Market Revenue and Forecast (2019-2030)
9.1.7. Others
9.1.7.1. Market Revenue and Forecast (2019-2030)
Chapter 10. Global Healthcare Consumables Market, By End User
10.1. Healthcare Consumables Market, by End User, 2022-2030
10.1.1. Hospitals
10.1.1.1. Market Revenue and Forecast (2019-2030)
10.1.2. Homecare
10.1.2.1. Market Revenue and Forecast (2019-2030)
10.1.3. Others
10.1.3.1. Market Revenue and Forecast (2019-2030)
Chapter 11. Global Healthcare Consumables Market, Regional Estimates and Trend Forecast
11.1. North America
11.1.1. Market Revenue and Forecast, by Product (2019-2030)
11.1.2. Market Revenue and Forecast, by Raw Materials (2019-2030)
11.1.3. Market Revenue and Forecast, by End User (2019-2030)
11.1.4. U.S.
11.1.4.1. Market Revenue and Forecast, by Product (2019-2030)
11.1.4.2. Market Revenue and Forecast, by Raw Materials (2019-2030)
11.1.4.3. Market Revenue and Forecast, by End User (2019-2030)
11.1.5. Rest of North America
11.1.5.1. Market Revenue and Forecast, by Product (2019-2030)
11.1.5.2. Market Revenue and Forecast, by Raw Materials (2019-2030)
11.1.5.3. Market Revenue and Forecast, by End User (2019-2030)
11.2. Europe
11.2.1. Market Revenue and Forecast, by Product (2019-2030)
11.2.2. Market Revenue and Forecast, by Raw Materials (2019-2030)
11.2.3. Market Revenue and Forecast, by End User (2019-2030)
11.2.4. UK
11.2.4.1. Market Revenue and Forecast, by Product (2019-2030)
11.2.4.2. Market Revenue and Forecast, by Raw Materials (2019-2030)
11.2.4.3. Market Revenue and Forecast, by End User (2019-2030)
11.2.5. Germany
11.2.5.1. Market Revenue and Forecast, by Product (2019-2030)
11.2.5.2. Market Revenue and Forecast, by Raw Materials (2019-2030)
11.2.5.3. Market Revenue and Forecast, by End User (2019-2030)
11.2.6. France
11.2.6.1. Market Revenue and Forecast, by Product (2019-2030)
11.2.6.2. Market Revenue and Forecast, by Raw Materials (2019-2030)
11.2.6.3. Market Revenue and Forecast, by End User (2019-2030)
11.2.7. Rest of Europe
11.2.7.1. Market Revenue and Forecast, by Product (2019-2030)
11.2.7.2. Market Revenue and Forecast, by Raw Materials (2019-2030)
11.2.7.3. Market Revenue and Forecast, by End User (2019-2030)
11.3. APAC
11.3.1. Market Revenue and Forecast, by Product (2019-2030)
11.3.2. Market Revenue and Forecast, by Raw Materials (2019-2030)
11.3.3. Market Revenue and Forecast, by End User (2019-2030)
11.3.4. India
11.3.4.1. Market Revenue and Forecast, by Product (2019-2030)
11.3.4.2. Market Revenue and Forecast, by Raw Materials (2019-2030)
11.3.4.3. Market Revenue and Forecast, by End User (2019-2030)
11.3.5. China
11.3.5.1. Market Revenue and Forecast, by Product (2019-2030)
11.3.5.2. Market Revenue and Forecast, by Raw Materials (2019-2030)
11.3.5.3. Market Revenue and Forecast, by End User (2019-2030)
11.3.6. Japan
11.3.6.1. Market Revenue and Forecast, by Product (2019-2030)
11.3.6.2. Market Revenue and Forecast, by Raw Materials (2019-2030)
11.3.6.3. Market Revenue and Forecast, by End User (2019-2030)
11.3.7. Rest of APAC
11.3.7.1. Market Revenue and Forecast, by Product (2019-2030)
11.3.7.2. Market Revenue and Forecast, by Raw Materials (2019-2030)
11.3.7.3. Market Revenue and Forecast, by End User (2019-2030)
11.4. MEA
11.4.1. Market Revenue and Forecast, by Product (2019-2030)
11.4.2. Market Revenue and Forecast, by Raw Materials (2019-2030)
11.4.3. Market Revenue and Forecast, by End User (2019-2030)
11.4.4. GCC
11.4.4.1. Market Revenue and Forecast, by Product (2019-2030)
11.4.4.2. Market Revenue and Forecast, by Raw Materials (2019-2030)
11.4.4.3. Market Revenue and Forecast, by End User (2019-2030)
11.4.5. North Africa
11.4.5.1. Market Revenue and Forecast, by Product (2019-2030)
11.4.5.2. Market Revenue and Forecast, by Raw Materials (2019-2030)
11.4.5.3. Market Revenue and Forecast, by End User (2019-2030)
11.4.6. South Africa
11.4.6.1. Market Revenue and Forecast, by Product (2019-2030)
11.4.6.2. Market Revenue and Forecast, by Raw Materials (2019-2030)
11.4.6.3. Market Revenue and Forecast, by End User (2019-2030)
11.4.7. Rest of MEA
11.4.7.1. Market Revenue and Forecast, by Product (2019-2030)
11.4.7.2. Market Revenue and Forecast, by Raw Materials (2019-2030)
11.4.7.3. Market Revenue and Forecast, by End User (2019-2030)
11.5. Latin America
11.5.1. Market Revenue and Forecast, by Product (2019-2030)
11.5.2. Market Revenue and Forecast, by Raw Materials (2019-2030)
11.5.3. Market Revenue and Forecast, by End User (2019-2030)
11.5.4. Brazil
11.5.4.1. Market Revenue and Forecast, by Product (2019-2030)
11.5.4.2. Market Revenue and Forecast, by Raw Materials (2019-2030)
11.5.4.3. Market Revenue and Forecast, by End User (2019-2030)
11.5.5. Rest of LATAM
11.5.5.1. Market Revenue and Forecast, by Product (2019-2030)
11.5.5.2. Market Revenue and Forecast, by Raw Materials (2019-2030)
11.5.5.3. Market Revenue and Forecast, by End User (2019-2030)
Chapter 12. Company Profiles
12.1. BD
12.1.1. Company Overview
12.1.2. Product Offerings
12.1.3. Financial Performance
12.1.4. Recent Initiatives
12.2. Thermo Fisher Scientific, Inc.
12.2.1. Company Overview
12.2.2. Product Offerings
12.2.3. Financial Performance
12.2.4. Recent Initiatives
12.3. Baxter International, Inc.
12.3.1. Company Overview
12.3.2. Product Offerings
12.3.3. Financial Performance
12.3.4. Recent Initiatives
12.4. Avanos Medical, Inc.
12.4.1. Company Overview
12.4.2. Product Offerings
12.4.3. Financial Performance
12.4.4. Recent Initiatives
12.5. 3M
12.5.1. Company Overview
12.5.2. Product Offerings
12.5.3. Financial Performance
12.5.4. Recent Initiatives
12.6. Johnson & Johnson
12.6.1. Company Overview
12.6.2. Product Offerings
12.6.3. Financial Performance
12.6.4. Recent Initiatives
12.7. Medtronic
12.7.1. Company Overview
12.7.2. Product Offerings
12.7.3. Financial Performance
12.7.4. Recent Initiatives
12.8. Cardinal Health, Inc.
12.8.1. Company Overview
12.8.2. Product Offerings
12.8.3. Financial Performance
12.8.4. Recent Initiatives
12.9. B. Braun Melsungen AG
12.9.1. Company Overview
12.9.2. Product Offerings
12.9.3. Financial Performance
12.9.4. Recent Initiatives
12.10. Boston Scientific Corporation
12.10.1. Company Overview
12.10.2. Product Offerings
12.10.3. Financial Performance
12.10.4. Recent Initiatives
Chapter 13. Research Methodology
13.1. Primary Research
13.2. Secondary Research
13.3. Assumptions
Chapter 14. Appendix
14.1. About Us
14.2. Glossary of Terms