The U.S. hospital consumables market size was exhibited at USD 82.37 billion in 2023 and is projected to hit around USD 205.45 billion by 2033, growing at a CAGR of 9.57% during the forecast period 2024 to 2033.
Report Coverage | Details |
Market Size in 2024 | USD 90.26 Billion |
Market Size by 2033 | USD 205.45 Billion |
Growth Rate From 2024 to 2033 | CAGR of 9.57% |
Base Year | 2023 |
Forecast Period | 2024-2033 |
Segments Covered | Product |
Market Analysis (Terms Used) | Value (US$ Million/Billion) or (Volume/Units) |
Country scope | U.S. |
Key Companies Profiled | McKesson Medical-Surgical Inc.; Medline Industries, Inc.; B. Braun SE; Terumo Medical Corporation; Owens & Minor; Smith+Nephew; Cardinal Health; 3M |
The rising number of surgeries, growing elderly population, technological advancements in surgical procedures, and rising preference for minimally/non-invasive surgeries are the key factors driving market growth. Furthermore, the growing prevalence of chronic diseases such as arthritis, migraine, and cancer is also supporting market expansion. As per a report published by the American Cancer Society, in the U.S., around 1.9 million new cancer cases are anticipated to be diagnosed, with around 609,820 deaths, in 2023. People suffering from these diseases often require surgical interventions. This is anticipated to create a strong demand for hospital consumables in the coming years.
The presence of a large patient pool suffering from chronic diseases leads to an increase in the number of hospital admissions. According to the Partnership to Fight Chronic Disease, Americans suffering from chronic diseases account for 81% of hospital admissions. Therefore, the frequent growth in the prevalence of chronic diseases, coupled with the increasing number of hospital admissions, is expected to drive market growth.
Aging is the greatest risk factor for cardiovascular, urological, and neurological diseases. These diseases generally require surgical/diagnostic procedures, necessitating the use of consumables such as gloves, guidewires, catheters, stethoscopes, and thermometers. Elderly people (aged ≥65 years) are currently the fastest-growing section of the general population in the U.S. According to the U.S. Census Bureau, as of June 2023, the U.S. population aged 65 and over increased approximately five times quicker than the total population from 1920 to 2020. In 2020, the elderly population in the U.S. accounted for 16.8% of the total population, and around 1 in 6 Americans were 65 or older.
The demand for Minimally Invasive Surgeries (MIS) is increasing rapidly worldwide. These procedures cause lesser trauma to patients and facilitate quicker recovery than invasive procedures, such as open-heart surgeries. Research results published by manufacturers (Ethicon Endo-Surgery, Inc.) suggest that MIS is rapidly replacing open/invasive surgeries owing to higher patient satisfaction due to fewer incision wounds and lower risk of post-surgical complications & lower mortality rates.
Medical consumables, such as guidewires, cannulas, and catheters, are generally used in minimally invasive procedures; thus, rising demand for MIS is expected to boost market growth during the forecast period. Moreover, these advanced surgeries are mostly performed in hospital settings; thus, the increasing popularity of these surgeries and demand for consumable medical devices are expected to drive market growth.
The non-woven disposable products segment accounted for a significant revenue share of approximately 24.2% in 2023. Non-woven disposables are a distinctive class of textile materials bonded together to form a lucid structure and are used for the complete safety of medical professionals. They are either made from natural fibers, such as cotton and linen, or synthetic fibers, such as polypropylene, polytetrafluoroethylene, and polyester. These fabrics protect patients and medical professionals from hospital-acquired infections (HAI), thus increasing their hospital demand over the forecast period.
The U.S. hospital consumables market has been classified into 18 key product categories. Of these, the disposable medical gloves segment is expected to advance at the fastest CAGR of 14.4% over the forecast period, owing to factors such as the growing demand for precautions at healthcare facilities, the rising prevalence of hospital-acquired infections, and the increase in medical procedures and surgeries. The demand for disposable gloves is growing to ensure safety and hygiene during these procedures. According to the American College of Surgeons (ACS), an estimated 15 million Americans undergo surgery every year. This includes both inpatient and outpatient procedures.
This report forecasts revenue growth at country levels and provides an analysis of the latest industry trends in each of the sub-segments from 2021 to 2033. For this study, Nova one advisor, Inc. has segmented the U.S. hospital consumables market
Product
Chapter 1. Methodology and Scope
1.1. Market Segmentation & Scope
1.1.1. Product
1.1.2. Estimates and forecast timeline
1.2. Research Methodology
1.3. Information Procurement
1.3.1. Purchased database
1.3.2. internal database
1.3.3. Secondary sources
1.3.4. Primary research
1.3.5. Details of primary research
1.4. Information or Data Analysis
1.5. Market Formulation & Validation
1.6. Model Details
1.7. List of Secondary Sources
1.8. List of Primary Sources
1.9. Objectives
Chapter 2. Executive Summary
2.1. Market Outlook
2.2. Segment Outlook
2.2.1. Product outlook
2.3. Competitive Insights
Chapter 3. U.S. Hospital Consumables Market Variables, Trends & Scope
3.1. Market Lineage Outlook
3.2. Market Dynamics
3.2.1. Market Driver Analysis
3.2.2. Market Restraint Analysis
3.2.3. Market Opportunity Analysis
3.3. U.S. Hospital Consumables Market Analysis Tools
3.3.1. Industry Analysis - Porter’s Five Forces
3.3.1.1. Supplier power
3.3.1.2. Buyer power
3.3.1.3. Substitution threat
3.3.1.4. Threat of new entrant
3.3.1.5. Competitive rivalry
3.3.2. PESTEL Analysis
3.3.2.1. Political landscape
3.3.2.2. Technological landscape
3.3.2.3. Economic Landscape
Chapter 4. U.S. Hospital Consumables Market: Product Estimates & Trend Analysis
4.1. U.S. Hospital Consumables Market: Key Takeaways
4.2. U.S. Hospital Consumables Market: Product Movement & Market Share Analysis, 2024 & 2033
4.3. Disposable Medical Gloves
4.3.1. Disposable medical gloves market estimates and forecasts, 2021 to 2033 (USD Billion)
4.4. IV Kits
4.4.1. IV kits market estimates and forecasts, 2021 to 2033 (USD Billion)
4.5. Medical Gauze & Tapes
4.5.1. Medical gauze & tapes market estimates and forecasts, 2021 to 2033 (USD Billion)
4.6. Disposable Syringes
4.6.1. Disposable syringes market estimates and forecasts, 2021 to 2033 (USD Billion)
4.7. Sharps Disposable Containers
4.7.1. Sharps disposable containers market estimates and forecasts, 2021 to 2033 (USD Billion)
4.8. Catheters
4.8.1. Catheters market estimates and forecasts, 2021 to 2033 (USD Billion)
4.9. Non-Woven Disposable Products
4.9.1. Non-woven disposable products market estimates and forecasts, 2021 to 2033 (USD Billion)
4.10. Surgical Blades
4.10.1. Surgical blades market estimates and forecasts, 2021 to 2033 (USD Billion)
4.11. Medicine Cups
4.11.1. Medicine cups market estimates and forecasts, 2021 to 2033 (USD Billion)
4.12. Cannula
4.12.1. Cannula market estimates and forecasts, 2021 to 2033 (USD Billion)
4.13. Guidewires
4.13.1. Guidewires market estimates and forecasts, 2021 to 2033 (USD Billion)
4.14. Thermometer
4.14.1. Thermometer market estimates and forecasts, 2021 to 2033 (USD Billion)
4.15. Stethoscope
4.15.1. Stethoscope market estimates and forecasts, 2021 to 2033 (USD Billion)
4.16. Glucometer Strips
4.16.1. Glucometer strips market estimates and forecasts, 2021 to 2033 (USD Billion)
4.17. IV Solutions
4.17.1. IV Solutions market estimates and forecasts, 2021 to 2033 (USD Billion)
4.17.1.1. 50 ml
4.17.1.1.1. 50 ml market estimates and forecasts, 2021 to 2033 (USD Billion)
4.17.1.2. 100 ml
4.17.1.2.1. 100 ml market estimates and forecasts, 2021 to 2033 (USD Billion)
4.17.1.3. 250 ml
4.17.1.3.1. 250 ml market estimates and forecasts, 2021 to 2033 (USD Billion)
4.17.1.4. 500 ml
4.17.1.4.1. 500 ml market estimates and forecasts, 2021 to 2033 (USD Billion)
4.17.1.5. 1000 ml
4.17.1.5.1. 1000 ml market estimates and forecasts, 2021 to 2033 (USD Billion)
4.18. BP Monitors
4.18.1. BP monitors market estimates and forecasts, 2021 to 2033 (USD Billion)
4.19. Procedure Trays
4.19.1. Procedure trays market estimates and forecasts, 2021 to 2033 (USD Billion)
4.19.1.1. Laceration trays
4.19.1.1.1. Laceration trays market estimates and forecasts, 2021 to 2033 (USD Billion)
4.20. Others
4.20.1. Others market estimates and forecasts, 2021 to 2033 (USD Billion)
Chapter 5. Competitive Landscape
5.1. Recent Developments & Impact Analysis, By Key Market Participants
5.2. Market Participant Categorization
5.2.1. McKesson Medical-Surgical Inc.
5.2.1.1. Company overview
5.2.1.2. Financial performance
5.2.1.3. Product benchmarking
5.2.1.4. Strategic initiatives
5.2.2. Medline Industries, Inc.
5.2.2.1. Company overview
5.2.2.2. Financial performance
5.2.2.3. Product benchmarking
5.2.2.4. Strategic initiatives
5.2.3. B. Braun SE
5.2.3.1. Company overview
5.2.3.2. Financial performance
5.2.3.3. Product benchmarking
5.2.3.4. Strategic initiatives
5.2.4. Terumo Medical Corporation
5.2.4.1. Company overview
5.2.4.2. Financial performance
5.2.4.3. Product benchmarking
5.2.4.4. Strategic initiatives
5.2.5. Owens & Minor
5.2.5.1. Company overview
5.2.5.2. Financial performance
5.2.5.3. Product benchmarking
5.2.5.4. Strategic initiatives
5.2.6. Smith+Nephew
5.2.6.1. Company overview
5.2.6.2. Financial performance
5.2.6.3. Product benchmarking
5.2.6.4. Strategic initiatives
5.2.7. Cardinal Health
5.2.7.1. Company overview
5.2.7.2. Financial performance
5.2.7.3. Product benchmarking
5.2.7.4. Strategic initiatives
5.2.8. 3M
5.2.8.1. Company overview
5.2.8.2. Financial performance
5.2.8.3. Product benchmarking
5.2.8.4. Strategic initiatives