Disposable Hospital Supplies Market Overview
According to a new report by IMIR Market Research on Global Disposable Hospital Supplies Market Size was valued at USD 26.5 Billion in 2022. The Disposable Hospital Supplies market industry is projected to grow from USD 29.7 Billion in 2023 to USD 72.3 Billion by 2032, exhibiting a compound annual growth rate (CAGR) of 12.40% during the forecast period (2023 - 2032). The increase in surgical procedures and hospital-acquired infections (HAIs) are the key market drivers enhancing the market growth.
Disposable Hospital Supplies Market Trends
The increasing number of surgical procedures is driving the market growth
The market is growing as a result of a number of causes, including a rise in surgical procedures, a rise in hospital-acquired infections (HAIs), a rise in the incidence of chronic illnesses that lengthen hospital stays, and the effects of COVID-19 outbreaks over the globe.
The COVID-19 outbreak and an increase in hospital admissions around the world have caused a sharp rise in the demand for medical disposables. The WHO has encouraged companies and governments to create 40.00% more personal protective equipment, such as hospital gowns, gloves, surgical masks, face shields, aprons, respirators, and goggles, in order to meet the increased demand globally. It further noted that due to the spike in demand for these things, their costs had also climbed dramatically. For instance, the price of surgical masks has increased six-fold while the price of hospital gowns has doubled. A total of about 47 different countries have received about 500,000 units of personal protective equipment from the WHO. The COVID-19 outbreak has consequently had a big impact on the sector and is a huge driver of this market.
The COVID-19 outbreak is predicted to have a significant impact on the market for medical disposables. The SARS-CoV-2 pandemic has resulted in a considerable increase in demand for drugs, medical supplies, emergency supplies, and hospital supplies like gowns, antiseptics, and disinfectants. The primary reservoir for the zoonotic virus COVID-19 was formerly believed to be bats. In China, the first case of the illness was noted in December 2019, and since then, it has rapidly spread. The initial incident, which was recorded in Wuhan, was found to have an infectious source that was zoonotic. After that incident, Wuhan's homes served as the primary site for the spread of the human-to-human virus. Thus, driving the Disposable Hospital Supplies market revenue.
Scope of Disposable Hospital Supplies Market Report
A recent market research report added to repository of Intellectual Market Insights Research is an in-depth analysis of Global Disposable Hospital Supplies Market. On the basis of historic growth analysis and current scenario of Disposable Hospital Supplies market place, the report intends to offer actionable insights on global market growth projections. Authenticated data presented in report is based on findings of extensive primary and secondary research. Insights drawn from data serve as excellent tools that facilitate deeper understanding of multiple aspects of global Disposable Hospital Supplies market. This further helps users with their developmental strategy.
Disposable Hospital Supplies Key Market Players & Competitive Insights
Leading industry companies are making significant R&D investments in order to diversify their product offerings, which will drive the Disposable Hospital Supplies market's expansion. Important market developments include new product releases, contractual agreements, mergers and acquisitions, greater investments, and collaboration with other organizations. Market participants are also engaging in a number of strategic actions to increase their global footprint. The Disposable Hospital Supplies sector needs to provide affordable products if it wants to grow and thrive in a more competitive and challenging market environment.
One of the primary business strategies employed by manufacturers in the worldwide Aerospace Foam industry to assist customers and expand the market sector is local manufacturing to reduce operational costs. Some of the biggest benefits to medicine have recently come from the Disposable Hospital Supplies sector. Major players in the Disposable Hospital Supplies market, including Thermo Fisher Scientific, GENERAL ELECTRIC, BD, Siemens, Boston Scientific Corporation, Stryker, Medtronic, 3M, Zimmer Biomet, Johnson and Johnson Private Limited, Cardinal Health, Koninklijke Philips N.V., Novartis AG, B. Braun Melsungen AG, OSI Systems, Inc., Welch Allyn, Fresenius Medical Care AG and Co. KGaA, Mindray DS USA, MicroPort Scientific Corporation, OandM Halyard, AVITA Medical, Cynosure Inc., and Merz Pharma, are attempting to increase market demand by investing in research and development operations.
Cardinal Health Inc. (Cardinal Health) is a provider of integrated healthcare products and services. It offers branded and generic drugs, speciality drugs, over-the-counter medicines, consumer products, lab supplies, and medical supplies and equipment. It also manages cyclotron facilities, nuclear pharmacies, and a line of privately branded medical and surgical goods under its own private label. It is proficient in business, products, logistics, and patient solutions, among other areas. For the storage and distribution of 80,000 pallets of PPE to support the Strategic National Stockpile (SNS), a division of the Office of the Assistant Secretary for Preparedness and Response within the United States Department of Health and Human Services, Cardinal Health was granted a USD 57.8 million contract in April 2021. Cardinal Health Inc. (Cardinal Health) is a provider of integrated healthcare products and services. It offers branded and generic drugs, speciality drugs, over-the-counter medicines, consumer products, lab supplies, and medical supplies and equipment. It also manages cyclotron facilities, nuclear pharmacies, and a line of privately branded medical and surgical goods under its own private label. It is proficient in business, products, logistics, and patient solutions, among other areas. Cardinal Health was awarded a USD 57.8 million contract in April 2021 for the storage and distribution of 80,000 pallets of PPE to support the Strategic National Stockpile (SNS), a division of the Office of the Assistant Secretary for Preparedness and Response within the United States Department of Health and Human Services.
Harbour Technologies specializes in bespoke machine tools, high tolerance equipment, machining, and finished components for the nuclear, oil & gas, aerospace, and automotive industries. It was founded in 1972 and has its headquarters in Windsor, Ontario. In May 2021, Windsor-based Harbour Technologies relocated its protective equipment manufacturing operations to Chatham-Kent. It will launch a state-of-the-art manufacturing facility in Chatham to create medical isolation clothing.
Key Companies in the Disposable Hospital Supplies market include
- Thermo Fisher Scientific
- GENERAL ELECTRIC
- BD
- Siemens
- Boston Scientific Corporation
- Stryker
- Medtronic
- 3M
- Zimmer Biomet
- Johnson and Johnson Private Limited
- Cardinal Health
- Koninklijke Philips N.V.
- Novartis AG
- Braun Melsungen AG
- OSI Systems, Inc.
- Welch Allyn
- Fresenius Medical Care AG and Co. KGaA
- Mindray DS USA
- MicroPort Scientific Corporation
- OandM Halyard
- AVITA Medical
- Cynosure Inc.
- Merz Pharma
Disposable Hospital Supplies Industry Developments
July 2022: A collaboration agreement between Quipt Home Medical Corp. and Cardinal Health at-Home, a branch of Cardinal Health, Inc., states that Quipt will offer to sell disposable medical supplies while Cardinal will produce and distribute them across the country.
January 2022: A non-woven outside layer, two non-woven and meltblown center layers, and a soft interior layer that is gentle on the skin make up the KF94 Face mask, which Maskc first presented in the US.
Disposable Hospital Supplies Market Segmentation Analysis
Disposable Hospital Supplies Type Outlook
- Diagnostic Supplies
- Dialysis Consumables
- Radiology Consumables
- Infusion Products
- Intubation and Ventilation Supplies
- Hypodermic Products
- Sterilization Consumables
- Nonwoven Medical Supplies
- Wound Care Consumables
- Others
Disposable Hospital Supplies Application Outlook
- Cardiovascular
- Cerebrovascular
- Ophthalmology
- Gynecology
- Urology
- Orthopedics
- Others
Disposable Hospital Supplies End User Outlook
- Hospitals
- Clinics/Physician Offices
- Assisted Living Centers and Nursing Homes
- Ambulatory Surgery Centers
- Research Institutes
Disposable Hospital Supplies Market Segment Insights
Disposable Hospital Supplies Application Insights
The global Disposable Hospital Supplies market segmentation, based on Application, includes cardiovascular, cerebrovascular, ophthalmology, gynecology, urology, orthopedics, and others. The cardiovascular segment will rule the global market for disposable hospital supplies in 2022 due to the increasing prevalence of cardiovascular illnesses worldwide.
Disposable Hospital Supplies Type Insights
The global Disposable Hospital Supplies market segmentation, based on Type, includes diagnostic supplies, dialysis consumables, radiology consumables, infusion products, intubation and ventilation supplies, hypodermic products, sterilization consumables, nonwoven medical supplies, wound care consumables, and others. In 2022, the industry of sterilisation consumables dominated the world market. Sterilization consumables like cotton swabs, cotton balls, test tubes, and other skin preparation supplies are used to prevent surgical-related infections. The area also includes sterilizer bags, which are designed to offer practical medical device sterilisation. Modern products like cotton swabs that have been pre-sterilized are also available on the market.
Disposable Hospital Supplies End User Insights
The global Disposable Hospital Supplies market segmentation, based on End User, includes hospitals, clinics/physician offices, assisted living centers and nursing homes, ambulatory surgery centers, and research institutes. Hospitals segment dominated the global market in 2022. An rise in hospital patient admissions for COVID-19 procedures and therapies is the cause of this. An analysis by the University of California, San Francisco found that operating rooms generated more than 2000 tonnes of rubbish everyday on average in 2018, with disposable medical supplies accounting for a sizable portion of that total.
Disposable Hospital Supplies Regional Insights
By region, Insights into the markets in North America, Europe, Asia-Pacific, and the rest of the world are provided by the study. The North America Disposable Hospital Supplies Market dominated this market in 2022 (45.80%). The growing number of operations and the presence of significant industry players in North America are driving the regional market's expansion. The market for medical disposables has also grown as a result of an increase of COVID-19 cases in this region. According to a report issued by the WHO on April 20, 2020, there were more than 33,909 reported cases already present in Canada, and more than 1,509 new confirmed cases were also discovered there. In addition, a major increase in the number of cases is anticipated over the course of the next month or two. These factors are predicted to increase the demand for medical disposables in the region. Further, In the North American area, the U.S. Disposable Hospital Supplies market had the biggest market share, while the Canada Disposable Hospital Supplies market had the quickest rate of expansion.
Further, the major countries studied in the market report are The US, Canada, German, France, the UK, Italy, Spain, China, Japan, India, Australia, South Korea, and Brazil.
Europe Disposable Hospital Supplies market accounted for the healthy market share in 2022. Due to the increased incidence of infectious diseases and hospital-acquired infections, the healthcare industry is now forced to use state-of-the-art hospital supplies. Further, In the European region, the German Disposable Hospital Supplies market had the biggest market share, and the U.K. Disposable Hospital Supplies market had the quickest rate of growth.
The Asia Pacific Disposable Hospital Supplies market is expected to register significant growth from 2023 to 2032, because cardiovascular diseases are common and there are more older people in the country. Asia Pacific has also been among COVID-19's hardest-hit geographical regions. A substantial number of COVID-19 cases have also been recorded from China and South Korea. The region's densely populated areas also contributed to the virus's quicker spread through towns. Over the course of the anticipated term, a sizable number of potential patients in this area are expected to fuel market expansion. Moreover, In the Asia-Pacific region, the Indian Disposable Hospital Supplies market had the quickest rate of growth while China's Disposable Hospital Supplies market had the greatest market share.
Disposable Hospital Supplies Market Report is also available for below Regions and Country Please Ask for that
North America
Europe
- Switzerland
- Belgium
- Germany
- France
- U.K.
- Italy
- Spain
- Sweden
- Netherland
- Turkey
- Rest of Europe
Asia-Pacific
- India
- Australia
- Philippines
- Singapore
- South Korea
- Japan
- China
- Malaysia
- Thailand
- Indonesia
- Rest Of APAC
Latin America
- Mexico
- Argentina
- Peru
- Colombia
- Brazil
- Rest of South America
Middle East and Africa
- Saudi Arabia
- UAE
- Egypt
- South Africa
- Rest Of MEA
Points Covered in the Report
- The points that are discussed within the report are the major market players that are involved in the market such as market players, raw material suppliers, equipment suppliers, end users, traders, distributors and etc.
- The complete profile of the companies is mentioned. And the capacity, production, price, revenue, cost, gross, gross margin, sales volume, sales revenue, consumption, growth rate, import, export, supply, future strategies, and the technological developments that they are making are also included within the report. This report analysed 5 years data history and forecast.
- The growth factors of the market are discussed in detail wherein the different end users of the market are explained in detail.
- Data and information by market player, by region, by type, by application and etc., and custom research can be added according to specific requirements.
- The report contains the SWOT analysis of the market. Finally, the report contains the conclusion part where the opinions of the industrial experts are included.
Key Questions
- How much the global Disposable Hospital Supplies Market valued?
- Which region has the largest share in 2023 for the global Disposable Hospital Supplies Market?
- What are the driving factors for the market?
- Which is the leading segment in the global market?
- What are the major players in the market?
Research Scope of Disposable Hospital Supplies Market
- Historic year: 2018- 2021
- Base year: 2022
- Forecast: 2023 to 2032
- Representation of Market revenue in USD Million
Disposable Hospital Supplies Market Trends: Market key trends which include Increased Competition and Continuous Innovations Trends:
