Dublin, Dec. 29, 2021 (GLOBE NEWSWIRE) -- The "Global Hospital Consumables Market Size, Share & Trends Analysis Report by Product (Non-woven Disposable Products, Disposable Medical Gloves), Region (North America, APAC), and Segment Forecasts, 2021-2028" report has been added to ResearchAndMarkets.com's offering.
The global hospital consumables market is expected to reach USD 713.1 billion by 2028, registering a CAGR of 10.89% over the forecast period, according to the report.
Hospitals, private medical practices, and patients, especially in developed nations, are gradually shifting towards utilization of disposable hospital consumables due to convenience and safety offered by these products. Therefore, the product demand is rapidly increasing across the globe, thereby driving market growth. Moreover, the increasing prevalence of Hospital-Acquired Infections (HAIs) is creating high product demand in hospitals as well as other healthcare settings.
For instance, out of every 100 hospitalized patients, 7 in developed and 10 in developing countries are affected with at least one Healthcare-associated Infections (HCAIs). Several measures, including the usage of disposable & sterile products, disposable gloves, medical gauze, tapes, procedure kits & trays, and other disposable hospital consumables, are now being utilized to prevent and reduce the prevalence of HAIs. Moreover, expanding infrastructure and rising demand for maintenance & hygiene in healthcare institutes are further boosting the market growth.
Many hospitals and health care centers are considerably focusing on upgrading the quality of infrastructure, maintaining hygiene, and efficacy of operational systems, which will have a positive impact on the market growth. In addition, a large population base in developed countries, such as the U.S., is able to spend and afford better-quality healthcare. According to CMS.gov, the U.S. healthcare expenditure grew 4.6% in 2019, reaching USD 3.8 trillion or USD 11,582 per person, accounting for 17.7% of the nation's GDP. Thus, increasing healthcare expenditure is also one of the key factors stimulating market growth.
Hospital Consumables Market Report Highlights
- The non-woven disposable products segment held the largest revenue share in 2020 and will expand at a steady CAGR over the forecast years retaining the leading market position
- This growth is credited to the high prevalence of HAIs and subsequently rising hospital admissions for surgeries
- The market in the Asia Pacific region is expected to register the fastest CAGR from 2021 to 2028
- This growth is owing to the increasing population coupled with the rapid expansion of the medical tourism sector in the region
- Key players focus more on business strategies, such as mergers & acquisitions, partnerships, and new product launches, to strengthen their foothold in the global market
Key Topics Covered:
Chapter 1. Research Methodology
Chapter 2. Objectives
Chapter 3. Executive Summary
3.1 Market Outlook
3.2 Segment Outlook
3.3 Competitive Insights
3.3.1 Market Segmentation
3.4 Market Snapshot
Chapter 4. Hospital Consumables Market Variables, Trends & Scope
4.1 Market Lineage Outlook
4.1.1 Parent Market
4.1.2 Ancillary Market
4.2 Penetration & Growth Prospect Mapping
4.3 Market Dynamics
4.3.1 Market Driver Analysis
4.3.1.1 Increasing prevalence of chronic diseases leading to longer hospital stays
4.3.1.2 Rising demand for minimally invasive procedures
4.3.1.3 Increasing geriatric population
4.3.2 Market Restraint Analysis
4.3.2.1 Delayed market entry of medical consumable products
4.4 Hospital Consumables Market Analysis Tools
4.4.1 SWOT Analysis, by PEST
4.4.2 Porter's five forces analysis
Chapter 5. Hospital Consumables Market: Segment Analysis, By Product, 2016 - 2028 (USD Million)
5.1 Definitions & Scope
5.2 Product Market Share Analysis, 2020 & 2028
5.3 Hospital Consumables Market, by Product, 2016 to 2028
5.4 Market Size Forecasts and Trend Analysis
5.4.1 Disposable Medical Gloves
5.4.1.1 Disposable Medical Gloves Market, 2016 - 2028 (USD Million)
5.4.2 IV Kits
5.4.2.1 IV Kits Market, 2016 - 2028 (USD Million)
5.4.3 Medical Gauze & Tapes
5.4.3.1 Medical Gauze & Tapes Market, 2016 - 2028 (USD Million)
5.4.4 Disposable Syringes
5.4.4.1 Disposable Syringes Market, 2016 - 2028 (USD Million)
5.4.5 Sharps Disposable Containers
5.4.5.1 Sharps Disposable Containers Market, 2016 - 2028 (USD Million)
5.4.6 Catheters
5.4.6.1 Catheters Market, 2016 - 2028 (USD Million)
5.4.7 Non-woven Disposable Products
5.4.7.1 Non-woven Disposable Products Market, 2016 - 2028 (USD Million)
5.4.8 Surgical Blades
5.4.8.1 Surgical Blades Market, 2016 - 2028 (USD Million)
5.4.9 Medicine Cups
5.4.9.1 Medicine Cups Market, 2016 - 2028 (USD Million)
5.4.10 Cannula
5.4.10.1 Cannula Market, 2016 - 2028 (USD Million)
5.4.11 Guidewires
5.4.11.1 Guidewires Market, 2016 - 2028 (USD Million)
5.4.12 Thermometer
5.4.12.1 Thermometer Market, 2016 - 2028 (USD Million)
5.4.13 Stethoscope
5.4.13.1 Stethoscope Market, 2016 - 2028 (USD Million)
5.4.14 Glucometer Strips
5.4.14.1 Glucometer Strips Market, 2016 - 2028 (USD Million)
5.4.15 IV Solutions
5.4.15.1 50 ml Market
5.4.15.1.1 50 ml Market, 2016 - 2028 (USD Million)
5.4.15.2 100 ml Market
5.4.15.2.1 100 ml Market, 2016 - 2028 (USD Million)
5.4.15.3 250 ml Market
5.4.15.3.1 250 ml Market, 2016 - 2028 (USD Million)
5.4.15.4 500 ml Market
5.4.15.4.1 500 ml Market, 2016 - 2028 (USD Million)
5.4.15.5 1000 ml Market
5.4.15.5.1 1000 ml Market, 2016 - 2028 (USD Million)
5.4.16 BP Monitors
5.4.16.1 BP Monitors Market, 2016 - 2028 (USD Million)
5.4.17 Procedure Trays
5.4.17.1 Procedure Trays Market, 2016 - 2028 (USD Million)
5.4.18 Others
5.4.18.1 Other's Market, 2016 - 2028 (USD Million)
Chapter 6. Hospital Consumables Market: Regional Market Analysis, By Product, 2016 - 2026 (USD Million)
Chapter 7. Hospital Consumables Market: Competitive Analysis
7.1 Company Profiles
7.1.1 McKesson Medical-Surgical Inc.
7.1.1.1 Company Overview
7.1.1.2 Financial performance
7.1.1.3 Product Benchmarking
7.1.1.4 Strategic Initiatives
7.1.2 Medline Industries, Inc.
7.1.2.1 Company Overview
7.1.2.2 Financial performance
7.1.2.3 Product Benchmarking
7.1.2.4 Strategic Initiatives
7.1.3 B. Braun Melsungen A.G.
7.1.3.1 Company Overview
7.1.3.2 Financial performance
7.1.3.3 Product Benchmarking
7.1.3.4 Strategic Initiatives
7.1.4 Terumo Medical Corporation
7.1.4.1 Company Overview
7.1.4.2 Financial performance
7.1.4.3 Product Benchmarking
7.1.4.4 Strategic Initiatives
7.1.5 Owens and Minor
7.1.5.1 Company Overview
7.1.5.2 Financial performance
7.1.5.3 Product Benchmarking
7.1.5.4 Strategic Initiatives
7.1.6 Smith and Nephew, Inc.
7.1.6.1 Company Overview
7.1.6.2 Financial performance
7.1.6.3 Product Benchmarking
7.1.6.4 Strategic Initiatives
7.1.7 Cardinal Health
7.1.7.1 Company Overview
7.1.7.2 Financial performance
7.1.7.3 Product Benchmarking
7.1.7.4 Strategic Initiatives
7.1.8 3M
7.1.8.1 Company Overview
7.1.8.2 Financial performance
7.1.8.3 Product Benchmarking
7.1.8.4 Strategic Initiatives
7.1.9 Baxter
7.1.9.1 Company Overview
7.1.9.2 Financial performance
7.1.9.3 Product Benchmarking
7.1.9.4 Strategic Initiatives
7.1.10 Fresenius Medical Care AG & Co. KGaA
7.1.10.1 Company Overview
7.1.10.2 Financial performance
7.1.10.3 Product Benchmarking
7.1.10.4 Strategic Initiatives
For more information about this report visit https://www.researchandmarkets.com/r/pvxlby
