What Has Been The Historical And Current Growth Of The Disposable Hospital Supplies Market?
The disposable hospital supplies market has seen considerable growth due to a variety of factors.
• Over the past few years, the market size for disposable hospital supplies has seen robust growth. The projections suggest that it will expand from $26.11 billion in 2024 to $27.81 billion in 2025, with a compound annual growth rate (CAGR) of 6.5%.
Factors contributing to the growth during the historic period include increased healthcare spending, a rise in the number of infectious diseases, rigorous regulatory norms, an aging population, and the globalization of healthcare services.
What Will Be The Disposable Hospital Supplies Market Size In The Future?
The disposable hospital supplies market is expected to maintain its strong growth trajectory in upcoming years.
• The market size of disposable hospital supplies is anticipated to experience significant expansion in the following years, with projections indicating it will reach $35 billion by 2029, exhibiting a 5.9% Compound Annual Growth Rate (CAGR). Various factors like increasing investments in healthcare, the growing prevalence of chronic diseases, preparations for global pandemics, changes in regulatory norms, and efforts towards environmental sustainability are driving this predicted growth. The forecast period also sees notable trends such as technological breakthroughs, the expansion of telehealth services, progress in medical technology, stronger focus on cost efficiency, and a surge in the use of single-use devices.
What Are The Essential Drivers Behind The Growth Of The Disposable Hospital Supplies Market?
The global rise in COVID-19 cases is expected to fuel the demand for disposable hospital supplies. The sudden increase in COVID-19 cases is largely driving the need for personal protective equipment (PPE) and other disposable items to shield healthcare workers during their daily routines from infections. For instance, the World Health Organization, a Switzerland-based international entity, reported in January 2024 that the number of new COVID-19 cases rose by 4% in the 28-day span from 11 December 2023 to 7 January 2024, compared to the preceding 28-day period, with over 1.1 million fresh cases. Thus, the escalating count of COVID-19 cases is spurring the growth of the disposable hospital supplies market.
What are the Market Segments in the Disposable Hospital Supplies Market?
The disposable hospital supplies market covered in this report is segmented –
1) By Type: Gloves, Drapes, Gowns, Needles, Syringes, Procedure Kits And Trays, Bandages, Masks
2) By Product: Diagnostic Supplies, Dialysis Consumables, Radiology Consumables, Infusion Products, Incubation And Ventilation Supplies, Hypodermic Products, Sterilization Consumables, Non-Woven Medical Supplies, Wound Care Consumables, Other Products
3) By End-Users: Hospitals, Clinics Or Physician Offices, Assisted Living Centers And Nursing Homes, Ambulatory Surgery Centers, Research Institutes
Subsegments:
1) By Gloves: Latex Gloves, Nitrile Gloves, Vinyl Gloves
2) By Drapes: Surgical Drapes, Non-Surgical Drapes
3) By Gowns: Surgical Gowns, Isolation Gowns, Patient Gowns
4) By Needles: Hypodermic Needles, IV Needles, Specialty Needles
5) By Syringes: Standard Syringes, Safety Syringes, Insulin Syringes
6) By Procedure Kits And Trays: Surgical Procedure Kits, Diagnostic Procedure Kits
7) By Bandages: Adhesive Bandages, Sterile Dressings, Compression Bandages
8) By Masks: Surgical Masks, N95 Respirators, Face Shields
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What Trends are Shaping the Disposable Hospital Supplies Market?
Leading businesses in the disposable hospital supplies market are coming up with creative products like the ClearMask Transparent Surgical Mask Plus to cater to customers' demands. This is the first completely transparent mask that has FDA and CE markings, and it is designed to provide utmost clarity and comfort. For example, in May 2022, ClearMask LLC, a medical supply firm from the US, unveiled this transparent surgical mask to facilitate more human-like interactions and provide crystal clear communication, specifically for those dependent on lip-reading or facial expressions. The mask is composed of lightweight materials and has an anti-fogging feature to ensure optimal clarity. The introduction of the ClearMask Transparent Surgical Mask Plus exemplifies the continuous innovations in the disposable mask market, concentrating on enhancing comfort, communication, and protection.
Who Are the Key Players in the Disposable Hospital Supplies Market?
Major companies operating in the disposable hospital supplies market include:
• Cardinal Health Inc.
• Johnson & Johnson Services Inc.
• Abbott Laboratories
• 3M Company
• Covidien Limited
• Medtronic plc
• Medline Industries Inc.
• Kimberly-Clark Corporation
• Becton
• Dickinson and Company
• Baxter International Inc.
• Owens & Minor Inc.
• B Braun Melsungen AG
• Terumo Corporation
• Steris Corporation
• Nipro Corporation
• Getinge AB
• Molnlycke Health Care AB
• Ansell Healthcare LLC
• Avanos Medical Inc.
• Semperit AG Holding
• Advanced Sterilization Products Services Inc.
What are the Regional Insights into the Disposable Hospital Supplies Market?
North America was the largest region in the disposable hospital supplies market in 2024. Western Europe was the second largest region in the global disposable hospital supplies market. The regions covered in the disposable hospital supplies market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
