What is the current market size and future outlook for the hospital supplies market?
The hospital supplies market size has grown strongly in recent years. It will grow from $52.4 billion in 2024 to $56.15 billion in 2025 at a compound annual growth rate (CAGR) of 7.1%. The growth in the historic period can be attributed to healthcare infrastructure development, aging population, regulatory compliance, economic growth, advances in medical device and supply technology.
The hospital supplies market size is expected to see strong growth in the next few years. It will grow to $71.94 billion in 2029 at a compound annual growth rate (CAGR) of 6.4%. The growth in the forecast period can be attributed to pandemic preparedness, telemedicine and remote monitoring, sustainability initiatives, value-based care, emerging markets growth. Major trends in the forecast period include single-use medical devices, remote supply chain management, 3D printing of medical supplies, smart hospital supplies, customized and personalized supplies.
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How has the hospital supplies market evolved, and what factors have shaped its growth?
The increased number of hospitals is expected to propel the growth of the hospital supplies market going forward. A hospital is a facility dedicated to providing medical or surgical treatment to individuals who are ill or have sustained injuries. Hospitals rely on an extensive array of medical supplies and equipment to deliver high-quality care to their patients. For instance, in May 2023, according to a report published by the American Hospital Association (AHA), a US-based healthcare trade organization representing hospitals and health care networks, the total number of hospitals increased to 6,129, compared to 6,093 in 2022. Moreover, total admissions in all U.S. hospitals reached 34,011,386 compared to 33,356,853 in 2022. Therefore, the increased number of hospitals is expected to propel the growth of the hospital supplies market.
What are the major segments of the hospital supplies market?
The hospital supplies market covered in this report is segmented –
1) By Type: Disposable Hospital Supplies, Sterilization Equipment And Disinfectants, Mobility Aids And Transportation Equipment, Operating Room Equipment
2) By End User: Hospitals And Clinics, Diagnostic Laboratories, Other End Users
3) By Type of Expenditure: Public, Private
4) By Product: Instruments Or Equipment, Disposables
Subsegments:
1) By Disposable Hospital Supplies: Surgical Masks, Gloves, Drapes And Gowns, IV Consumables, Wound Care Products
2) By Sterilization Equipment And Disinfectants: Sterilizers (Autoclaves), Disinfectants Andsanitizers, Sterilization Indicators, UV Sterilizers
3) By Mobility Aids And Transportation Equipment: Wheelchairs, Walkers, Crutches, Patient Lifts, Stretchers
4) By Operating Room Equipment: Surgical Tables, Operating Room Lights, Surgical Instruments, Anesthesia Machines, Patient Monitors
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Which companies dominate the hospital supplies market?
Major companies operating in the hospital supplies market include Becton, Dickinson and Company, B. Braun Melsungen AG, Steris plc, Baxter International Inc., Stryker Corporation, Cardinal Health Inc., Hill-Rom Holdings Inc., Terumo Corporation, Medtronic plc, 3M Company, CVS Health Corporation, McKesson Corporation, Cencora Inc., GE HealthCare Technologies Inc., Koninklijke Philips NV, Boston Scientific Corporation, Danaher Corporation, Varian Medical Systems Inc., Dentsply Sirona Inc., Masimo Corporation, Olympus Corporation, ResMed Inc., Smith & Nephew plc, Align Technology Inc., The Cooper Companies Inc., Teleflex Incorporated, Waters Corporation, West Pharmaceutical Services Inc., Straumann Group, Fresenius Medical Care AG & Co KGaA.
How will evolving trends contribute to the growth of the hospital supplies market?
Major companies operating in the Hospital Supplies market are focused on developing innovative products, such as the AESCULAP Aicon Sterile Container System, to increase the profitability in the market. The AESCULAP Aicon Sterile Container System is designed to streamline processes and reduce the possibility of wetting. For instance, in March 2022, Aesculap Inc., a US-based manufacturer of surgical instruments, launched its AESCULAP Aicon Sterile Container System. The sterile container system is engineered to simplify procedures and minimize the risk of sets becoming damp. The AESCULAP Aicon Sterile Container System ensures 100% sterilization and lowers the chances of operating room surgical delays resulting from sets not being ready.
What are the key regional dynamics of the hospital supplies market, and which region leads in market share?
Asia-Pacific was the largest region in the global hospital supplies market in 2023. North America was the second largest region in the global hospital supplies market. The regions covered in the hospital supplies market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, and Africa.
What Does The Hospital Supplies Market Report 2025 Offer?
The hospital supplies market research report from The Business Research Company offers global market size, growth rate, regional shares, competitor analysis, detailed segments, trends, and opportunities.
Hospital supplies include essential products and equipment used in healthcare settings to support patient care and medical procedures. They are critical for ensuring efficient, safe, and effective medical services in hospitals and healthcare facilities.
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