U.S. Hospital Consumables Market Size, Share & Trends Analysis Report By Product (IV Solutions, Procedure Trays, Non-woven Disposable Products, Catheters), And Segment- Industry Analysis, Share, Growth, Regional Outlook and Forecasts, 2023-2032

The U.S. hospital consumables market size was estimated at USD 75.26 billion in 2022 and is expected to surpass around USD 187.54 billion by 2032 and poised to grow at a compound annual growth rate (CAGR) of 9.56% during the forecast period 2023 to 2032.

U.S. Hospital Consumables Market Size, 2023 to 2032

Key Takeaways:

  • The non-woven disposable products segment anticipated for a significant revenue share of approximately 23.9% in 2022. 
  • The disposable medical gloves segment is anticipated to grow at a remarkable CAGR of 14.5% during the projected period.
  • Non-woven disposable products are likely to hold the largest revenue share in the U.S. hospital consumables market throughout the forecast horizon
  • The healthcare landscape in the United States is marked by constant evolution, driven by advances in medical technology, changing demographics, and the ongoing need for high-quality patient care. A vital component of this ecosystem is the U.S. Hospital Consumables Market, which plays a crucial role in ensuring the efficient functioning of healthcare facilities across the nation.

Market Growth

The U.S. Hospital Consumables Market exhibits robust growth due to several key factors. First and foremost, the consistently high healthcare expenditure in the United States, coupled with an aging population, fuels the demand for hospital consumables as healthcare services expand. Technological advancements in medical materials and devices continually introduce safer and more efficient consumables, driving their adoption. The heightened emphasis on infection control, particularly in response to the COVID-19 pandemic, has led to an increased demand for disposable PPE and sterile consumables. Demographic shifts, such as the aging population, contribute to the prevalence of chronic diseases and the subsequent need for healthcare services, sustaining the demand for consumables. Lastly, stringent regulatory standards and quality control measures ensure the utilization of safe and approved consumables, adding to market stability and patient safety.

U.S. Hospital Consumables Market Report Scope

Report Attribute Details
Market Size in 2023 USD 82.45 Billion
Market Size by 2032 USD 187.54 Billion
Growth Rate From 2023 to 2032 CAGR of 9.56%
Base Year 2022
Forecast Period 2023 to 2032
Segments Covered Product
Market Analysis (Terms Used) Value (US$ Million/Billion) or (Volume/Units)
Report Coverage Revenue forecast, company ranking, competitive landscape, growth factors, and trends
Key Companies Profiled McKesson Medical-Surgical Inc.; Medline Industries, Inc.; B. Braun SE; Terumo Medical Corporation; Owens & Minor; Smith+Nephew; Cardinal Health; 3M

 

U.S. Hospital Consumables Market Dynamics

Drivers

  • Increasing Healthcare Expenditure: 

The United States consistently ranks among the top countries in terms of healthcare spending, with a growing allocation of funds towards healthcare. This financial commitment fuels the demand for hospital consumables as healthcare services continue to expand.

  • Changing Demographics: 

The aging population in the United States is leading to a higher prevalence of chronic diseases and an increased need for healthcare services. Consequently, the demand for hospital consumables remains strong as healthcare facilities cater to the healthcare needs of this demographic.

Restraints

  • Cost Pressures on Healthcare Providers: 

Healthcare providers in the U.S. face significant cost pressures, driven by factors such as reimbursement cuts, rising operational expenses, and the need to invest in expensive medical technologies. In this challenging financial environment, hospitals and healthcare facilities are often compelled to seek cost-saving measures, which can include the exploration of lower-cost consumable alternatives. This can restrict the willingness to adopt premium-priced consumables and impact the revenue potential for manufacturers in the market.

  • Intense Market Competition: 

The U.S. Hospital Consumables Market is highly competitive, with numerous manufacturers and suppliers vying for market share. Intense competition often results in pricing pressures, as companies strive to offer competitive rates to healthcare facilities. This can squeeze profit margins and limit the ability to invest in research and development for innovative consumables.

Opportunities

  • Rise of Telemedicine and Remote Monitoring: 

The expansion of telemedicine and remote patient monitoring is changing the dynamics of healthcare delivery. This shift creates opportunities for specialized consumables designed for virtual patient care, such as remote monitoring devices, home testing kits, and telehealth-specific consumables. Companies that adapt to this changing landscape by developing products tailored to the needs of telemedicine providers and patients can gain a competitive edge in a rapidly growing market segment.

  • Personalized Medicine and 3D Printing: 

Advances in personalized medicine and 3D printing technologies offer unique opportunities within the hospital consumables market. Customized consumables, such as patient-specific implants and tailored wound dressings, can improve patient outcomes and satisfaction. Companies that invest in research and development to harness these technologies for the production of personalized consumables can tap into this emerging niche.

Challenges

  • Stringent Regulatory Compliance: 

While stringent regulations ensure patient safety and product quality, they also pose a significant challenge for both manufacturers and healthcare facilities. Compliance with rigorous standards necessitates investments in quality control and assurance processes, which can be resource-intensive. Additionally, any non-compliance issues can lead to substantial penalties and damage to a company's reputation. These regulatory challenges can slow down the introduction of new products and increase overall operational costs for market players.

  • Environmental Concerns: 

There is a growing awareness of the environmental impact of disposable hospital consumables. Single-use products contribute to medical waste, and there is increasing pressure to adopt more sustainable practices. While this represents a positive shift towards environmental responsibility, it can also pose challenges for manufacturers in adapting their products and production processes to align with eco-friendly alternatives.

Segments Insights:

Product Insights

The non-woven disposable products segment anticipated for a significant revenue share of approximately 23.9% in 2022. 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 anticipated to grow at a remarkable CAGR of 14.5% during the projected 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.

Some of the prominent players in the U.S. Hospital Consumables Market include:

  • McKesson Medical-Surgical Inc.
  • Medline Industries, Inc.
  • B. Braun SE
  • Terumo Medical Corporation
  • Owens & Minor
  • Smith+Nephew
  • Cardinal Health
  • 3M

Segments Covered in the Report

This report forecasts revenue growth at country levels and provides an analysis of the latest industry trends in each of the sub-segments from 2020 to 2032. For this study, Nova one advisor, Inc. has segmented the U.S. Hospital Consumables market.

By Product 

  • Disposable Medical Gloves
  • IV Kits
  • Medical Gauze & Tapes
  • Disposable Syringes
  • Sharps Disposable Containers
  • Catheters
  • Non-woven Disposable Products
  • Surgical Blades
  • Medicine Cups
  • Cannula
  • Guidewires
  • Thermometer
  • Stethoscope
  • Glucometer Strips
  • IV Solutions
    • 50 ml
    • 100 ml
    • 250 ml
    • 500 ml
    • 1000 ml
  • BP Monitors
  • Procedure Trays
      • Laceration Trays
    • Others

Frequently Asked Questions

The U.S. hospital consumables market size was estimated at USD 75.26 billion in 2022 and is expected to surpass around USD 187.54 billion by 2032

The U.S. hospital consumables market is expected to witness a compound annual growth rate of 9.56% from 2023 to 2032

Some key players operating in the U.S. hospital consumables market include McKesson Medical-Surgical Inc.; Medline Industries, Inc.; B. Braun Melsungen A.G.; Terumo Medical Corporation; Owens and Minor; Smith And Nephew, Inc.; Cardinal Health; and 3M.

Key factors that are driving the market growth include growing number of surgeries in the U.S, rising prevalence of chronic diseases coupled with expanding geriatric population in the U.S.

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. Nova one advisor 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, 2023 to 2032
                     4.3. Disposable Medical Gloves
                         4.3.1. Disposable medical gloves market estimates and forecasts, 2020 to 2032
                     4.4. IV Kits
                         4.4.1. IV kits market estimates and forecasts, 2020 to 2032
                     4.5. Medical Gauze & Tapes
                         4.5.1. Medical gauze & tapes market estimates and forecasts, 2020 to 2032
                     4.6. Disposable Syringes
                         4.6.1. Disposable syringes market estimates and forecasts, 2020 to 2032
                     4.7. Sharps Disposable Containers
                         4.7.1. Sharps disposable containers market estimates and forecasts, 2020 to 2032
                     4.8. Catheters
                         4.8.1. Catheters market estimates and forecasts, 2020 to 2032
                     4.9. Non-Woven Disposable Products
                         4.9.1. Non-woven disposable products market estimates and forecasts, 2020 to 2032
                     4.10. Surgical Blades
                         4.10.1. Surgical blades market estimates and forecasts, 2020 to 2032
                     4.11. Medicine Cups
                         4.11.1. Medicine cups market estimates and forecasts, 2020 to 2032
                     4.12. Cannula
                         4.12.1. Cannula market estimates and forecasts, 2020 to 2032
                     4.13. Guidewires
                         4.13.1. Guidewires market estimates and forecasts, 2020 to 2032
                     4.14. Thermometer
                         4.14.1. Thermometer market estimates and forecasts, 2020 to 2032
                     4.15. Stethoscope
                         4.15.1. Stethoscope market estimates and forecasts, 2020 to 2032
                     4.16. Glucometer Strips
                         4.16.1. Glucometer strips market estimates and forecasts, 2020 to 2032
                     4.17. IV Solutions
                         4.17.1. IV Solutions market estimates and forecasts, 2020 to 2032
                             4.17.1.1. 50 ml
                                 4.17.1.1.1. 50 ml market estimates and forecasts, 2020 to 2032
                             4.17.1.2. 100 ml
                                 4.17.1.2.1. 100 ml market estimates and forecasts, 2020 to 2032
                             4.17.1.3. 250 ml
                                 4.17.1.3.1. 250 ml market estimates and forecasts, 2020 to 2032
                             4.17.1.4. 500 ml
                                 4.17.1.4.1. 500 ml market estimates and forecasts, 2020 to 2032
                             4.17.1.5. 1000 ml
                                 4.17.1.5.1. 1000 ml market estimates and forecasts, 2020 to 2032
                     4.18. BP Monitors
                         4.18.1. BP monitors market estimates and forecasts, 2020 to 2032
                     4.19. Procedure Trays
                         4.19.1. Procedure trays market estimates and forecasts, 2020 to 2032
                             4.19.1.1. Laceration trays
                                 4.19.1.1.1. Laceration trays market estimates and forecasts, 2020 to 2032
                     4.20. Others
                         4.20.1. Others market estimates and forecasts, 2020 to 2032
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

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