Healthcare Consumables Market Report 2024

This Healthcare Consumables market report covers market characteristics, size and growth, segmentation, regional and country breakdowns, competitive landscape, market shares, trends and strategies for this market. It traces the market’s historic and forecast market growth by geography.

The healthcare consumables market size has grown rapidly in recent years. It will grow from $281.63 billion in 2023 to $311.3 billion in 2024 at a compound annual growth rate (CAGR) of 10.5%. The growth during the historic period can be attributed to several factors, rising demand for preventive healthcare and routine check-ups, a growing prevalence of chronic diseases like diabetes and cardiovascular conditions, an expanding elderly population with greater healthcare needs, the expansion of healthcare infrastructure in emerging markets, and an increasing focus on home-based and remote healthcare solutions.

The healthcare consumables market size is expected to see rapid growth in the next few years. It will grow to $466.65 billion in 2028 at a compound annual growth rate (CAGR) of 10.7%. The anticipated growth during the forecast period can be attributed to several factors, the increasing integration of smart technologies into healthcare consumables, rising investments in healthcare research and development, growing adoption of digital health solutions and telemedicine, expanded healthcare access in developing regions, and a rise in the use of AI and automation in healthcare processes. Major trends expected to influence this period include a growing demand for eco-friendly and sustainable healthcare products, the expansion of personalized healthcare and customized consumables, a heightened focus on preventive healthcare and wellness products, advancements in healthcare technology and disposable medical devices, and innovations in healthcare consumable products.

The growth of the healthcare consumables market is expected to be driven by the increasing number of hospital admissions. This rise in admissions is due to factors such as an aging population, the growing prevalence of chronic diseases, and advancements in medical technology. Healthcare consumables, including gloves, syringes, bandages, and surgical instruments, are essential for patient care and medical procedures during hospital admissions. For example, the National Health Service (NHS) reported in September 2023 that England had 16.4 million finished admission episodes (FAEs), a 2.6% increase from 2021-22, highlighting the higher demand for consumables needed for patient care. Consequently, the growth in hospital admissions is fueling the expansion of the healthcare consumables market.

Leading companies in the healthcare consumables market are focusing on developing advanced products, such as biodegradable consumables, to gain a competitive edge. Biodegradable products are designed to decompose naturally through biological processes, such as microbial activity, reducing environmental impact and waste. This approach aims to minimize pollution and promote sustainability by ensuring that products break down into non-toxic substances. For instance, in April 2022, Unigloves, a UK-based company specializing in healthcare consumables, introduced a new line of biodegradable nitrile gloves. These gloves offer a lower environmental footprint, enhanced durability, and better grip compared to traditional nitrile gloves and decompose in industrial composting facilities within 12 months, unlike standard gloves that can persist for decades.

In February 2023, Ansell Limited, an Australia-based manufacturer of personal protection equipment, acquired a 50% stake in Careplus (M) Sdn Bhd for $9 million. This acquisition is intended to enhance value through new product development, capacity expansion, and improved manufacturing efficiency, aligning with Ansell's objective to strengthen control over its supply chain. Careplus (M) Sdn Bhd, based in Malaysia, specializes in healthcare consumables.

Major companies operating in the healthcare consumables market are Cardinal Health Inc., Johnson & Johnson, Abbott Laboratories, 3M Company, Siemens Healthineers, Becton Dickinson and Company (BD), Philips Healthcare, Stryker Corporation, GE HealthCare Technologies Inc, Boston Scientific Corporation, B. Braun Melsungen AG, Alcon Laboratories Inc., Fresenius Kabi AG, Zimmer Biomet Holdings Inc., Terumo Corporation, Smith & Nephew plc, Hologic Inc., Nipro Corporation, Coloplast A/S, Dexcom Inc., Hollister Incorporated, Invacare Corporation, AngioDynamics Inc., Biolife Solutions Inc., Medi-Plast Ltd., Ortho Clinical Diagnostics.

North America was the largest region in the healthcare consumables market in 2023. The regions covered in the healthcare consumables market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.

The countries covered in the healthcare consumables market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Canada, Italy, Spain.

Healthcare consumables are medical products and supplies that are used once or for a short period before being disposed of. These items are essential for various medical procedures and patient care, including syringes, gloves, bandages, masks, wound dressings, catheters, and diagnostic test kits. They play a vital role in maintaining hygiene, preventing infections, and ensuring effective medical care.

The primary types of healthcare consumables include wound care consumables, diagnostic consumables, respiratory supplies, drug delivery products, dialysis consumables, sterilization consumables, incontinence products, hand sanitizers, and others. Wound care consumables, for example, are disposable products used for managing and treating wounds, such as dressings, bandages, and antiseptic solutions. These consumables are made from materials like rubber, non-woven fabrics, glass, metals, plastic resins, and paper. They are used by a range of end-users, including hospitals, specialty clinics, and other healthcare facilities.

The healthcare consumables market research report is one of a series of new reports that provides healthcare consumables market statistics, including healthcare consumables industry global market size, regional shares, competitors with a healthcare consumables market share, detailed healthcare consumables market segments, market trends and opportunities, and any further data you may need to thrive in the healthcare consumables industry. This healthcare consumables market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.

The healthcare consumables market consists of sales of face masks, face shields, goggles, and protective eyewear. Values in this market are ‘factory gate’ values, that is, the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors, and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.

The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified).

The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.


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