U.S. Hospital Consumables Market Size, Share & Trends Analysis Report By Product (IV Solutions, Procedure Trays, Non-woven Disposable Products, Catheters), And Segment Forecasts, 2023 - 2030

Market Size & Trends

The U.S. hospital consumables market size was valued at USD 75.18 billion in 2022 and is anticipated to grow at a compound annual growth rate (CAGR) of 9.55% from 2023 to 2030. The rising number of surgeries, growing elderly population, technological advancements in surgical procedures, and rising preference for minimally/non-invasive surgeries are the key factors driving market growth. Furthermore, the growing prevalence of chronic diseases such as arthritis, migraine, and cancer is also supporting market expansion. As per a report published by the American Cancer Society, in the U.S., around 1.9 million new cancer cases are anticipated to be diagnosed, with around 609,820 deaths, in 2023. People suffering from these diseases often require surgical interventions. This is anticipated to create a strong demand for hospital consumables in the coming years.

The presence of a large patient pool suffering from chronic diseases leads to an increase in the number of hospital admissions. According to the Partnership to Fight Chronic Disease, Americans suffering from chronic diseases account for 81% of hospital admissions. Therefore, the frequent growth in the prevalence of chronic diseases, coupled with the increasing number of hospital admissions, is expected to drive market growth.

Aging is the greatest risk factor for cardiovascular, urological, and neurological diseases. These diseases generally require surgical/diagnostic procedures, necessitating the use of consumables such as gloves, guidewires, catheters, stethoscopes, and thermometers. Elderly people (aged ≥65 years) are currently the fastest-growing section of the general population in the U.S. According to the U.S. Census Bureau, as of June 2023, the U.S. population aged 65 and over increased approximately five times quicker than the total population from 1920 to 2020. In 2020, the elderly population in the U.S. accounted for 16.8% of the total population, and around 1 in 6 Americans were 65 or older.

The demand for Minimally Invasive Surgeries (MIS) is increasing rapidly worldwide. These procedures cause lesser trauma to patients and facilitate quicker recovery than invasive procedures, such as open-heart surgeries. Research results published by manufacturers (Ethicon Endo-Surgery, Inc.) suggest that MIS is rapidly replacing open/invasive surgeries owing to higher patient satisfaction due to fewer incision wounds and lower risk of post-surgical complications & lower mortality rates.

Medical consumables, such as guidewires, cannulas, and catheters, are generally used in minimally invasive procedures; thus, rising demand for MIS is expected to boost market growth during the forecast period. Moreover, these advanced surgeries are mostly performed in hospital settings; thus, the increasing popularity of these surgeries and demand for consumable medical devices are expected to drive market growth.

Product Insights

The non-woven disposable products segment accounted for a significant revenue share of approximately 23.2% in 2022. Non-woven disposables are a distinctive class of textile materials bonded together to form a lucid structure and are used for the complete safety of medical professionals. They are either made from natural fibers, such as cotton and linen, or synthetic fibers, such as polypropylene, polytetrafluoroethylene, and polyester. These fabrics protect patients and medical professionals from hospital-acquired infections (HAI), thus increasing their hospital demand over the forecast period.

The U.S. hospital consumables market has been classified into 18 key product categories. Of these, the disposable medical gloves segment is expected to advance at the fastest CAGR of 14.4% over the forecast period, owing to factors such as the growing demand for precautions at healthcare facilities, the rising prevalence of hospital-acquired infections, and the increase in medical procedures and surgeries. The demand for disposable gloves is growing to ensure safety and hygiene during these procedures. According to the American College of Surgeons (ACS), an estimated 15 million Americans undergo surgery every year. This includes both inpatient and outpatient procedures.

Key Companies & Market Share Insights

Key players are adopting strategies, such as mergers & acquisitions, partnerships, and new product launches, to strengthen their foothold in the market. For instance, in April 2023, Medline stated that it had entered a long-term prime vendor collaboration with DCH Health System (DCH) to address healthcare needs in the West Alabama region. The two organizations will work together to develop new strategies to improve patient outcomes and streamline supply chain processes.

Another notable instance is when, in August 2022, Owens & Minor, Inc. announced a new strategic alliance and a reaffirmed commitment to developing a special integrative service model for resilient supply chains of their products with Allina Health. Some of the key players operating in the U.S. hospital consumables market include:

• McKesson Medical-Surgical Inc.

• Medline Industries, Inc.

• B. Braun SE

• Terumo Medical Corporation

• Owens & Minor

• Smith+Nephew

• Cardinal Health

• 3M

U.S. Hospital Consumables Market Report Scope

U.S. Hospital Consumables Market Report Segmentation

This report forecasts revenue growth at the country level and provides an analysis of the latest industry trends in each of the sub-segments from 2018 to 2030. For the purpose of this study, Grand View Research has segmented the U.S. hospital consumables market report on the basis of product:

• Product Outlook (Revenue, USD Billion, 2018 - 2030)

  • Disposable Medical Gloves

  • IV Kits

  • Medical Gauze & Tapes

  • Disposable Syringes

  • Sharps Disposable Containers

  • Catheters

  • Non-woven Disposable Products

  • Surgical Blades

  • Medicine Cups

  • Cannula

  • Guidewires

  • Thermometer

  • Stethoscope

  • Glucometer Strips

  • IV Solutions

    • 50 ml

    • 100 ml

    • 250 ml

    • 500 ml

    • 1000 ml

  • BP Monitors

  • Procedure Trays

    • Laceration Trays

  • Others