The global hospital supplies market size was estimated to be USD 75.56 billion in 2023 and is expected to reach at USD 273.9 billion by 2033 with a CAGR of 12.42% during the forecast period 2023-2033. Increasing prevalence of hospital-acquired infections & chronic diseases, rising government awareness program for the use of disposable medical equipment, growing demand for single-use syringes & needles, surge in technological advancements, increasing geriatric population, rising healthcare expenditure, and growing launch of technologically advanced systems are some of the key factors boosting the market growth.
Growing launch of technologically advanced systems is predicted to boost the market growth during the forecast period. For instance, in January 2020, EfficioTM, a cloud-based data management program created for the SynchroMedTM II intrathecal medication delivery system, was unveiled by Medtronic plc. This software enables clinicians to enhance the management of their targeted drug delivery pump practices, benefiting patients with chronic pain, cancer pain, and severe spasticity.
By Product, Disposable hospital supplies was the highest revenue-grossing segment in the global hospital supplies market in 2022 owing to rising demand for single-use medical equipment’s, increasing focus on maintaining hygiene, growing investment for the development of disposable products by market players, and surge in launch of new products. For instance, in February 2020, The most recent version of Baxter International Inc.'s Peri-Strips Dry with Veritas Collagen Matrix (PSDV) product, now known as PSDV with Secure Grip, received 510(k) clearance from the U.S. Food and Drug Administration. Additionally, Syringes and needle is predicted to grow at fastest CAGR during the forecast period owing to the increasing demand of syringes & needles for drawing blood or injecting medicines in hospitals.
By End-user, Hospitals was the highest revenue-grossing segment in the global hospital supplies market in 2022 owing to the growing prevalence of hospital acquired infections, surge in number of patients admitting to the hospitals, rising incidences of various chronic diseases, and increasing demand for sterilization equipment’s. Additionally, Clinics is predicted to grow at fastest CAGR during the forecast period owing to the rising demand for sterilization instruments, growing focus on maintaining hygiene, increasing technological advancements, and surge in new product approvals by regulatory bodies. For instance, in December 2021, Medtronic plc disclosed that the INVOS™ 7100 cerebral/somatic oximetry system has received 510(k) clearance from the U.S. Food and Drug Administration (FDA). This clearance enables clinicians to monitor organ-specific oxygen levels in patients, aiding in the early detection of warning signs, particularly in children and neonates.
North America region is anticipated for the highest revenue share during the forecast period owing to the increasing prevalence of hospital-acquired infections, growing demand for wound care products, surge in number of patient admissions, rising demand for treatment, increase in healthcare infrastructure, and growing initiatives by leading market players. For instance, In February 2020, Becton, Dickinson and Company and Babson Diagnostics have entered into a long-term strategic partnership to introduce laboratory-quality, small-volume blood collection services in retail pharmacies. Additionally, Asia Pacific region is predicted to grow at fastest CAGR during the forecast period owing to the surge in number of surgeries raising the demand for gloves, drapes, surgical gowns, feeding tubes, & procedural trays & kits, increasing research & development activities, growing technological advancements, rising investment for product development, and surge in novel product launches. For Instance, in April 2022, The newest Revolution Aspire CT (Computed Tomography) scanner from Wipro GE Healthcare has been introduced. This advanced imaging solution is entirely produced in India at the newly established Wipro GE Medical Devices Manufacturing plant, aligning with the 'Atmanirbhar Bharat' initiative. The CT system incorporates enhanced imaging intelligence, providing greater clinical confidence in disease and anomaly diagnosis.
Growing launch of technologically advanced systems is predicted to boost the market growth during the forecast period. For instance, in January 2020, EfficioTM, a cloud-based data management program created for the SynchroMedTM II intrathecal medication delivery system, was unveiled by Medtronic plc. This software enables clinicians to enhance the management of their targeted drug delivery pump practices, benefiting patients with chronic pain, cancer pain, and severe spasticity.
By Product, Disposable hospital supplies was the highest revenue-grossing segment in the global hospital supplies market in 2022 owing to rising demand for single-use medical equipment’s, increasing focus on maintaining hygiene, growing investment for the development of disposable products by market players, and surge in launch of new products. For instance, in February 2020, The most recent version of Baxter International Inc.'s Peri-Strips Dry with Veritas Collagen Matrix (PSDV) product, now known as PSDV with Secure Grip, received 510(k) clearance from the U.S. Food and Drug Administration. Additionally, Syringes and needle is predicted to grow at fastest CAGR during the forecast period owing to the increasing demand of syringes & needles for drawing blood or injecting medicines in hospitals.
By End-user, Hospitals was the highest revenue-grossing segment in the global hospital supplies market in 2022 owing to the growing prevalence of hospital acquired infections, surge in number of patients admitting to the hospitals, rising incidences of various chronic diseases, and increasing demand for sterilization equipment’s. Additionally, Clinics is predicted to grow at fastest CAGR during the forecast period owing to the rising demand for sterilization instruments, growing focus on maintaining hygiene, increasing technological advancements, and surge in new product approvals by regulatory bodies. For instance, in December 2021, Medtronic plc disclosed that the INVOS™ 7100 cerebral/somatic oximetry system has received 510(k) clearance from the U.S. Food and Drug Administration (FDA). This clearance enables clinicians to monitor organ-specific oxygen levels in patients, aiding in the early detection of warning signs, particularly in children and neonates.
North America region is anticipated for the highest revenue share during the forecast period owing to the increasing prevalence of hospital-acquired infections, growing demand for wound care products, surge in number of patient admissions, rising demand for treatment, increase in healthcare infrastructure, and growing initiatives by leading market players. For instance, In February 2020, Becton, Dickinson and Company and Babson Diagnostics have entered into a long-term strategic partnership to introduce laboratory-quality, small-volume blood collection services in retail pharmacies. Additionally, Asia Pacific region is predicted to grow at fastest CAGR during the forecast period owing to the surge in number of surgeries raising the demand for gloves, drapes, surgical gowns, feeding tubes, & procedural trays & kits, increasing research & development activities, growing technological advancements, rising investment for product development, and surge in novel product launches. For Instance, in April 2022, The newest Revolution Aspire CT (Computed Tomography) scanner from Wipro GE Healthcare has been introduced. This advanced imaging solution is entirely produced in India at the newly established Wipro GE Medical Devices Manufacturing plant, aligning with the 'Atmanirbhar Bharat' initiative. The CT system incorporates enhanced imaging intelligence, providing greater clinical confidence in disease and anomaly diagnosis.
Segmentation: Hospital Supplies Market Report 2022 - 2033
Hospital Supplies Market Analysis & Forecast by Product 2022 - 2033 (Revenue USD Bn)
- Patient Examination Devices
- Disposable Hospital Supplies
- Operating Room Equipment
- Syringes & Needles
- Sterilization & Disinfectant Equipment
- Mobility Aids & Transportation Equipment
Hospital Supplies Market Analysis & Forecast by End-user 2022 - 2033 (Revenue USD Bn)
- Clinics
- Hospitals
- Diagnostic Centres
- Nursing Facilities
- Ambulatory Surgical Centres
- Long Term Care Centres
Hospital Supplies Market Analysis & Forecast by Region 2022 - 2033 (Revenue USD Bn)
North America
- U.S.
- Canada
Europe
- Germany
- France
- UK
- Spain
- Italy
- Rest of Europe
Asia Pacific
- China
- Japan
- India
- Australia
- South Korea
- Rest of APAC
Latin America
- Brazil
- Mexico
- Argentina
- Rest of LATAM
Middle East & Africa
- South Africa
- GCC
- Rest of MEA
Table of Contents
1. Research Methodology
2. Introduction
4. Market Environment Analysis
5. Market Dynamics
7. Hospital Supplies Market: Product Estimates & Trend Analysis
8. Hospital Supplies Market: End-user Estimates & Trend Analysis
9. Regional Market Analysis
10. North America Hospital Supplies Market
11. Europe Global Hospital Supplies Market
12. Asia Pacific Global Hospital Supplies Market
13. Latin America Global Hospital Supplies Market
14. MEA Global Hospital Supplies Market
15. Competitor Analysis
16. Company Profiles
Companies Mentioned
- Becton
- Dickinson and Company
- Cardinal Health Inc.
- Boston Scientific Corporation
- B Braun Melsugen AG
- Danaher Corporation
- 3M
- Medtronic PLC
- Baxter International Inc
- GE Healthcare
- Thermo Fisher Scientific
- Johnson & Johnson
Table Information
| Report Attribute | Details |
|---|---|
| No. of Pages | 145 |
| Published | August 2023 |
| Forecast Period | 2022 - 2033 |
| Estimated Market Value ( USD | $ 75.56 Billion |
| Forecasted Market Value ( USD | $ 273.9 Billion |
| Compound Annual Growth Rate | 12.4% |
| Regions Covered | Global |
| No. of Companies Mentioned | 12 |
