The global demand for hospital supplies is expected to increase at 3.7% CAGR over the forecast period from 2022 to 2032. Sales in the hospital supplies market are estimated to reach a valuation of USD 29.5 Billion in 2022. According to the study, hospitals held a substantial share of 47.2% in 2021 in the global hospital supplies market.
| Data Points | Market Insights |
|---|---|
| Hospital Supplies Market Value 2021 | USD 28.6 Billion |
| Hospital Supplies Market Value 2022 | USD 29.5 Billion |
| Hospital Supplies Market Value 2032 | USD 42.3 Billion |
| Hospital Supplies Market CAGR 2022 to 2032 | 3.7% |
| Market Share of Top 5 Countries | 53.3% |
According to Future Market Insights (FMI), the overall sales of hospital supplies grew at a CAGR of 3.3% between 2017 and 2021. However, the demand in the hospital supplies market is expected to increase at a CAGR of 3.5%, reaching USD 42.3 Billion by the end of 2032.
The global hospital supplies market held around 20% of the global medical supplies market which was valued at nearly USD 138 Billion in the year 2021.
Hospital settings and other healthcare units are at a greater risk of infections and viral exposure, resulting in a rising prevalence of hospital-acquired infections for over a decade. Several measures are being considered to prevent and reduce the prevalence rate such as the use of disposable procedure kits and trays, sterile and disposable products, sterile medical devices, disposable gloves, and other disposable medical supplies.
For instance, in March 2022, Becton, Dickinson & Company launched a TCR/BCR multi-omic assay which aids in speeding the discovery of infectious diseases, autoimmune disorders, and immune-oncology as well.
According to a survey conducted by CDC, in 2019, about 1 in 31 patients had at least one healthcare-associated infection. In addition, it is also noticed that the prevalence rate of hospital-acquired infections in low-income countries is far higher than in high-income countries.
For instance, a study published in the International Journal of Research and Public Health in 2020 states that a 7.5% prevalence of hospital-acquired infection was observed in high-income countries, although others have reported rates of 4.5% in the USA and 5.7%-7.1% in Europe, while in low- and middle-income countries, however, the prevalence rate ranged between 5.7% and 19.2%.
The hospital supplies market includes different product types such as wound care products, dialysis products, sterilization consumables, infusion products, and hypodermic and radiology products amongst others.
Based on product, hypodermic and radiology products like syringes, needles and consumable products for radiography and ultrasound were the dominant market segment in the global market in 2021, which contributed 17.6% of the revenue share.
The global hospital supplies market is expected to be valued at USD 42.3 Billion by the end of 2032, registering a CAGR of 3.7% over the forecast period.
Growing awareness regarding health & hygiene practices, particularly in hospitals will offer lucrative opportunities to market players. The rising disposable income and large patient pool due to a lack of awareness regarding hygiene in emerging economies will drive sales in the market.
Increasing expenditure on healthcare services is leading to the emergence of more and new hospitals worldwide, which in turn, is spurring demand for hospital supplies.
Other factors such as the growth in nosocomial infections have not only increased the mortality and morbidity rate but also the healthcare burden by stretching the length of hospitalization. Therefore, organizations such as the CDC and WHO are putting immense efforts into layout guidelines and conducting vigorous studies to control the occurrence of hospital-acquired infections.
However, despite these efforts, there is still a significant rise in the prevalence of these infections. Thus, increasing research and development efforts to develop hygienic solutions in the hospital supplies industry to minimize exposure to infection and other viral diseases expect to uncap lucrative opportunities in the hospital supplies market.
Lack of awareness regarding hospital-acquired infection and hygiene in developing countries is contributing to the rapid rise of hospital-acquired infection in these countries. According to a study published in the Journal of Epidemiology and Community Health, more than 20% of all hospital-acquired infections are associated with intensive care unit visits.
Most emerging nations have about 2-3-fold higher hospital-acquired infection populations. Thus, the lack of awareness in developing countries regarding hospital-acquired infection and its diagnosis is projected to restrict the growth in the hospital-acquired infection testing market. This is expected to have a negative impact on sales of hospital supplies.
When most countries in the developed regions have strongly built health insurance coverage, these policies are less spread in developing countries. World Health Organization states that the world's partial population is not able to obtain essential health services.
According to a national survey, only one-fifth of the Indian population is insured under health insurance.
Most health insurance schemes do not cover disposables such as disposable gloves or masks utilized during surgical procedures. This adds to the overall cost imparted on the patient’s budget. Thus, the lack of proper health insurance that covers essential healthcare services and the cost of various hospital supplies in underdeveloped and developing countries may restrain the growth in the hospital supplies market.
Rising Demand for Wound Care Products in the USA to Fuel Growth
According to FMI, the USA is expected to dominate the North American hospital supplies market, with a total market share of 92.8% in 2021, and is projected to continue to exhibit high growth through 2022 & beyond.
According to CDC, approximately 5% of patients acquire hospital-associated infections in developed countries. Hence, rising in the number of patient admissions, high demand for treatment, and increased prevalence of hospital-acquired infection and adoption of medical hygiene practices will continue pushing sales in the USA.
Growth in the Medical Automation Market in Germany will Spur Demand for Hospital Supplies
Germany is set to exhibit growth at a CAGR of around 3.5% in the Europe hospital supplies market during the forecast period. Rising awareness of hospital-acquired infection and strong healthcare infrastructure, attractive reimbursement policies along with the best Research and Development performance in the industry will drive the growth of the hospital supplies market in Germany.
Expansion of the Portable Medical Devices Market in China Will Fuel Growth
Sales in the China market are projected to expand at a CAGR rate of 4.1% and hold about half of the East Asia hospital supplies market share and are expected to dominate throughout the forecast period, finds FMI.
Growing investments in research & development activities and technological advancements in the healthcare sector will drive sales in the market. China is expected to spearhead the growth in East Asia due to technological advancement, wide availability of consumable medical supply products, and the presence of numerous players in the healthcare sector.
Rising Demand for Sterile and Disposable Products Will Boost the India Market
Total demand in India accounted for 45.3% of the market share in 2021 and is projected to increase with a CAGR of 4.0% over the forecast period. Growing prevalence of antibacterial-resistant infections and hospital-acquired infections spurring demand for hospital supplies.
With rising expenditure on healthcare services, developing economies like India are focussing more on innovation and technology in the healthcare sector which is in turn fuelling the hospital supplies market within the country.
Sales of Hypodermic and Radiology Products to Remain High
Based on product type, the hypodermic and radiology products segment accounted for 17.6% of the global market share in 2021. Sales in this segment are forecast to increase at a CAGR of 3.6% over the forecast period. Products like needles and syringes are routinely used in hospitals or diagnostic labs for drawing blood or injecting medicines.
On the other hand, radiology equipment like X-ray machines and C-Arms which are often employed in routine diagnosis by doctors, especially during surgical procedures require related disposable products to avoid spreading the infection to patients.
Demand for Hospital Supplies in the Hospital Segment Will Gain Momentum
By end-user, the hospital segment held a market share of 47.2% in 2021, with sales poised to grow at a CAGR of 3.9% over the upcoming decade. Hospitals have a large patient population and are exposed to numerous viral infections. Thus, to minimize the prevalence of healthcare-associated infection, hospitals are focusing on maintaining a hygienic environment which in turn is spurring demand for hospital supplies.
The hospital supplies market is highly fragmented. There are numerous players in the global market involved in developing cutting-edge solutions for the development of efficient products that can meet their customer’s needs.
Leading hospital supplies manufacturers are focusing on mergers, acquisitions, collaborations, and new product launches to increase sales and expand their global footprint. They are also focusing on improving their market presence by expanding their product line across countries to capitalize on untapped opportunities. For instance:
| Attribute | Details |
|---|---|
| Forecast Period | 2022 to 2032 |
| Historical Data Available for | 2017 to 2021 |
| Market Analysis | USD Billion for Value |
| Key Regions Covered | North America; Latin America; Europe; South Asia; East Asia; Oceania; and Middle East & Africa |
| Key Countries Covered | The USA, Canada, Brazil, Mexico, Argentina, the UK, Germany, France, Italy, Spain, Russia, BENELUX, China, Japan, South Korea, India, Thailand, Indonesia, Malaysia, Australia, New Zealand, North Africa, GCC Countries, Turkey, and South Africa |
| Key Market Segments Covered | Product, End User, and Region |
| Key Companies Profiled | GE Healthcare; Medtronic (Covidien); Thermo Fischer Scientific Inc.; Becton, Dickinson, and Company; Cardinal Heath; Boston Scientific Corporation; B. Braun Melsungen AG; 3M Science; Molnlycke Health Care AB; Advanced Sterilization Services; Terumo; Baxter; Kimberly-Clark Corporation; Steris Corporation; Stryker Corporation; Getinge AB; Johnson and Johnson |
Table 1: Global Market Value (US$ Billion) Forecast by Region, 2017 to 2032
Table 2: Global Market Value (US$ Billion) Forecast by Product, 2017 to 2032
Table 3: Global Market Value (US$ Billion) Forecast by End User, 2017 to 2032
Table 4: North America Market Value (US$ Billion) Forecast by Country, 2017 to 2032
Table 5: North America Market Value (US$ Billion) Forecast by Product, 2017 to 2032
Table 6: North America Market Value (US$ Billion) Forecast by End User, 2017 to 2032
Table 7: Latin America Market Value (US$ Billion) Forecast by Country, 2017 to 2032
Table 8: Latin America Market Value (US$ Billion) Forecast by Product, 2017 to 2032
Table 9: Latin America Market Value (US$ Billion) Forecast by End User, 2017 to 2032
Table 10: Europe Market Value (US$ Billion) Forecast by Country, 2017 to 2032
Table 11: Europe Market Value (US$ Billion) Forecast by Product, 2017 to 2032
Table 12: Europe Market Value (US$ Billion) Forecast by End User, 2017 to 2032
Table 13: East Asia Market Value (US$ Billion) Forecast by Country, 2017 to 2032
Table 14: East Asia Market Value (US$ Billion) Forecast by Product, 2017 to 2032
Table 15: East Asia Market Value (US$ Billion) Forecast by End User, 2017 to 2032
Table 16: South Asia Market Value (US$ Billion) Forecast by Country, 2017 to 2032
Table 17: South Asia Market Value (US$ Billion) Forecast by Product, 2017 to 2032
Table 18: South Asia Market Value (US$ Billion) Forecast by End User, 2017 to 2032
Table 19: Oceania Market Value (US$ Billion) Forecast by Country, 2017 to 2032
Table 20: Oceania Market Value (US$ Billion) Forecast by Product, 2017 to 2032
Table 21: Oceania Market Value (US$ Billion) Forecast by End User, 2017 to 2032
Table 22: MEA Market Value (US$ Billion) Forecast by Country, 2017 to 2032
Table 23: MEA Market Value (US$ Billion) Forecast by Product, 2017 to 2032
Table 24: MEA Market Value (US$ Billion) Forecast by End User, 2017 to 2032
Figure 1: Global Market Value (US$ Billion) by Product, 2022 to 2032
Figure 2: Global Market Value (US$ Billion) by End User, 2022 to 2032
Figure 3: Global Market Value (US$ Billion) by Region, 2022 to 2032
Figure 4: Global Market Value (US$ Billion) Analysis by Region, 2017 to 2032
Figure 5: Global Market Value Share (%) and BPS Analysis by Region, 2022 to 2032
Figure 6: Global Market Y-o-Y Growth (%) Projections by Region, 2022 to 2032
Figure 7: Global Market Value (US$ Billion) Analysis by Product, 2017 to 2032
Figure 8: Global Market Value Share (%) and BPS Analysis by Product, 2022 to 2032
Figure 9: Global Market Y-o-Y Growth (%) Projections by Product, 2022 to 2032
Figure 10: Global Market Value (US$ Billion) Analysis by End User, 2017 to 2032
Figure 11: Global Market Value Share (%) and BPS Analysis by End User, 2022 to 2032
Figure 12: Global Market Y-o-Y Growth (%) Projections by End User, 2022 to 2032
Figure 13: Global Market Attractiveness by Product, 2022 to 2032
Figure 14: Global Market Attractiveness by End User, 2022 to 2032
Figure 15: Global Market Attractiveness by Region, 2022 to 2032
Figure 16: North America Market Value (US$ Billion) by Product, 2022 to 2032
Figure 17: North America Market Value (US$ Billion) by End User, 2022 to 2032
Figure 18: North America Market Value (US$ Billion) by Country, 2022 to 2032
Figure 19: North America Market Value (US$ Billion) Analysis by Country, 2017 to 2032
Figure 20: North America Market Value Share (%) and BPS Analysis by Country, 2022 to 2032
Figure 21: North America Market Y-o-Y Growth (%) Projections by Country, 2022 to 2032
Figure 22: North America Market Value (US$ Billion) Analysis by Product, 2017 to 2032
Figure 23: North America Market Value Share (%) and BPS Analysis by Product, 2022 to 2032
Figure 24: North America Market Y-o-Y Growth (%) Projections by Product, 2022 to 2032
Figure 25: North America Market Value (US$ Billion) Analysis by End User, 2017 to 2032
Figure 26: North America Market Value Share (%) and BPS Analysis by End User, 2022 to 2032
Figure 27: North America Market Y-o-Y Growth (%) Projections by End User, 2022 to 2032
Figure 28: North America Market Attractiveness by Product, 2022 to 2032
Figure 29: North America Market Attractiveness by End User, 2022 to 2032
Figure 30: North America Market Attractiveness by Country, 2022 to 2032
Figure 31: Latin America Market Value (US$ Billion) by Product, 2022 to 2032
Figure 32: Latin America Market Value (US$ Billion) by Application, 2022 to 2032
Figure 33: Latin America Market Value (US$ Billion) by End User, 2022 to 2032
Figure 34: Latin America Market Value (US$ Billion) by Country, 2022 to 2032
Figure 35: Latin America Market Value (US$ Billion) Analysis by Country, 2017 to 2032
Figure 36: Latin America Market Value Share (%) and BPS Analysis by Country, 2022 to 2032
Figure 37: Latin America Market Y-o-Y Growth (%) Projections by Country, 2022 to 2032
Figure 38: Latin America Market Value (US$ Billion) Analysis by Product, 2017 to 2032
Figure 39: Latin America Market Value Share (%) and BPS Analysis by Product, 2022 to 2032
Figure 40: Latin America Market Y-o-Y Growth (%) Projections by Product, 2022 to 2032
Figure 41: Latin America Market Value (US$ Billion) Analysis by End User, 2017 to 2032
Figure 42: Latin America Market Value Share (%) and BPS Analysis by End User, 2022 to 2032
Figure 43: Latin America Market Y-o-Y Growth (%) Projections by End User, 2022 to 2032
Figure 44: Latin America Market Attractiveness by Product, 2022 to 2032
Figure 45: Latin America Market Attractiveness by End User, 2022 to 2032
Figure 46: Latin America Market Attractiveness by Country, 2022 to 2032
Figure 47: Europe Market Value (US$ Billion) by Product, 2022 to 2032
Figure 48: Europe Market Value (US$ Billion) by End User, 2022 to 2032
Figure 49: Europe Market Value (US$ Billion) by Country, 2022 to 2032
Figure 50: Europe Market Value (US$ Billion) Analysis by Country, 2017 to 2032
Figure 51: Europe Market Value Share (%) and BPS Analysis by Country, 2022 to 2032
Figure 52: Europe Market Y-o-Y Growth (%) Projections by Country, 2022 to 2032
Figure 53: Europe Market Value (US$ Billion) Analysis by Product, 2017 to 2032
Figure 54: Europe Market Value Share (%) and BPS Analysis by Product, 2022 to 2032
Figure 55: Europe Market Y-o-Y Growth (%) Projections by Product, 2022 to 2032
Figure 56: Europe Market Value (US$ Billion) Analysis by End User, 2017 to 2032
Figure 57: Europe Market Value Share (%) and BPS Analysis by End User, 2022 to 2032
Figure 58: Europe Market Y-o-Y Growth (%) Projections by End User, 2022 to 2032
Figure 59: Europe Market Attractiveness by Product, 2022 to 2032
Figure 60: Europe Market Attractiveness by End User, 2022 to 2032
Figure 61: Europe Market Attractiveness by Country, 2022 to 2032
Figure 62: East Asia Market Value (US$ Billion) by Product, 2022 to 2032
Figure 63: East Asia Market Value (US$ Billion) by End User, 2022 to 2032
Figure 64: East Asia Market Value (US$ Billion) by Country, 2022 to 2032
Figure 65: East Asia Market Value (US$ Billion) Analysis by Country, 2017 to 2032
Figure 66: East Asia Market Value Share (%) and BPS Analysis by Country, 2022 to 2032
Figure 67: East Asia Market Y-o-Y Growth (%) Projections by Country, 2022 to 2032
Figure 68: East Asia Market Value (US$ Billion) Analysis by Product, 2017 to 2032
Figure 69: East Asia Market Value Share (%) and BPS Analysis by Product, 2022 to 2032
Figure 70: East Asia Market Y-o-Y Growth (%) Projections by Product, 2022 to 2032
Figure 71: East Asia Market Value (US$ Billion) Analysis by End User, 2017 to 2032
Figure 72: East Asia Market Value Share (%) and BPS Analysis by End User, 2022 to 2032
Figure 73: East Asia Market Y-o-Y Growth (%) Projections by End User, 2022 to 2032
Figure 74: East Asia Market Attractiveness by Product, 2022 to 2032
Figure 75: East Asia Market Attractiveness by End User, 2022 to 2032
Figure 76: East Asia Market Attractiveness by Country, 2022 to 2032
Figure 77: South Asia Market Value (US$ Billion) by Product, 2022 to 2032
Figure 78: South Asia Market Value (US$ Billion) by End User, 2022 to 2032
Figure 79: South Asia Market Value (US$ Billion) by Country, 2022 to 2032
Figure 80: South Asia Market Value (US$ Billion) Analysis by Country, 2017 to 2032
Figure 81: South Asia Market Value Share (%) and BPS Analysis by Country, 2022 to 2032
Figure 82: South Asia Market Y-o-Y Growth (%) Projections by Country, 2022 to 2032
Figure 83: South Asia Market Value (US$ Billion) Analysis by Product, 2017 to 2032
Figure 84: South Asia Market Value Share (%) and BPS Analysis by Product, 2022 to 2032
Figure 85: South Asia Market Y-o-Y Growth (%) Projections by Product, 2022 to 2032
Figure 86: South Asia Market Value (US$ Billion) Analysis by End User, 2017 to 2032
Figure 87: South Asia Market Value Share (%) and BPS Analysis by End User, 2022 to 2032
Figure 88: South Asia Market Y-o-Y Growth (%) Projections by End User, 2022 to 2032
Figure 89: South Asia Market Attractiveness by Product, 2022 to 2032
Figure 90: South Asia Market Attractiveness by End User, 2022 to 2032
Figure 91: South Asia Market Attractiveness by Country, 2022 to 2032
Figure 92: Oceania Market Value (US$ Billion) by Product, 2022 to 2032
Figure 93: Oceania Market Value (US$ Billion) by End User, 2022 to 2032
Figure 94: Oceania Market Value (US$ Billion) by Country, 2022 to 2032
Figure 95: Oceania Market Value (US$ Billion) Analysis by Country, 2017 to 2032
Figure 96: Oceania Market Value Share (%) and BPS Analysis by Country, 2022 to 2032
Figure 97: Oceania Market Y-o-Y Growth (%) Projections by Country, 2022 to 2032
Figure 98: Oceania Market Value (US$ Billion) Analysis by Product, 2017 to 2032
Figure 99: Oceania Market Value Share (%) and BPS Analysis by Product, 2022 to 2032
Figure 100: Oceania Market Y-o-Y Growth (%) Projections by Product, 2022 to 2032
Figure 101: Oceania Market Value (US$ Billion) Analysis by End User, 2017 to 2032
Figure 102: Oceania Market Value Share (%) and BPS Analysis by End User, 2022 to 2032
Figure 103: Oceania Market Y-o-Y Growth (%) Projections by End User, 2022 to 2032
Figure 104: Oceania Market Attractiveness by Product, 2022 to 2032
Figure 105: Oceania Market Attractiveness by End User, 2022 to 2032
Figure 106: Oceania Market Attractiveness by Country, 2022 to 2032
Figure 107: MEA Market Value (US$ Billion) by Product, 2022 to 2032
Figure 108: MEA Market Value (US$ Billion) by End User, 2022 to 2032
Figure 109: MEA Market Value (US$ Billion) by Country, 2022 to 2032
Figure 110: MEA Market Value (US$ Billion) Analysis by Country, 2017 to 2032
Figure 111: MEA Market Value Share (%) and BPS Analysis by Country, 2022 to 2032
Figure 112: MEA Market Y-o-Y Growth (%) Projections by Country, 2022 to 2032
Figure 113: MEA Market Value (US$ Billion) Analysis by Product, 2017 to 2032
Figure 114: MEA Market Value Share (%) and BPS Analysis by Product, 2022 to 2032
Figure 115: MEA Market Y-o-Y Growth (%) Projections by Product, 2022 to 2032
Figure 116: MEA Market Value (US$ Billion) Analysis by End User, 2017 to 2032
Figure 117: MEA Market Value Share (%) and BPS Analysis by End User, 2022 to 2032
Figure 118: MEA Market Y-o-Y Growth (%) Projections by End User, 2022 to 2032
Figure 119: MEA Market Attractiveness by Product, 2022 to 2032
Figure 120: MEA Market Attractiveness by End User, 2022 to 2032
Figure 121: MEA Market Attractiveness by Country, 2022 to 2032
The global hospital supplies market is expected to be worth USD 29.5 Billion in 2022 and is set to expand by 1.4X over the next ten years.
The hospital supplies market is expected to reach USD 42.3 Billion by end of 2032, exhibiting growth at a CAGR of 3.7% between 2022 and 2032.
Key trends influencing sales in the hospital supplies market include increasing adoption of advanced hospital supplies, higher consumption of hospital supplies and strategic collaborations, mergers, and acquisitions among key players.
South Asia is expected to lead the global market, contributing over 23% of the revenue share in 2021.
The USA, Japan, China, Germany, and India are the top five countries, which are expected to drive demand in the hospital supplies market.
GE Healthcare, Medtronic (Covidien), Thermo Fischer Scientific Inc., Becton, Dickinson and Company, Cardinal Heath, Boston Scientific Corporation, B. Braun Melsungen AG, 3M Science, Molnlycke Health Care AB, Advanced Sterilization Services, Terumo, Baxter, Kimberly-Clark Corporation, Steris Corporation, Stryker Corporation, Getinge AB, Johnson and Johnson are the key manufacturers in this market.
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