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Healthcare Consumables Market Size to Grow USD 1,125.1 Billion by 2030

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Healthcare Consumables Market was valued at USD 315.6 billion in 2020 and is expected to grow USD 1,125.1 billion by 2030, expanding growth at a CAGR of 13.6% from 2021 to 2030.

Crucial factors accountable for market growth are:

The global healthcare consumables market growth is driven by rising prevalence of chronic diseases, growing geriatric population, rising number of hospital admissions, and increasing healthcare expenditure. The growing popularity of the minimally-invasive surgeries and rising awareness about the hospital acquired infections is a major factors the boosts the demand for the healthcare consumables across the globe. The rapid spread of the COVID-19 disease across the globe in 2020 resulted in the increased demand for the healthcare consumables and the demand for the various products like hands sanitizer, face masks, face shields, and hospital gowns significantly increased. The growing penetration of the ambulatory services and diagnostic labs in the developing regions is further expected to fuel the market growth during the forecast period.

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Scope of the Healthcare Consumables Market

Report Coverage Details
Market Size By 2030 USD 1,125.1 Billion
Growth Rate CAGR of 13.6% From 2021 to 2030
Base Year 2021
Forecast Period 2021 to 2030
Companies Covered BD, Johnson & Johnson, Thermo Fisher Scientific, Inc., Medtronic, Baxter International, Inc., Avanos Medical, Inc., 3M, Cardinal Health, Inc., B. Braun Melsungen AG, Boston Scientific Corporation

 

Report Highlights

  • Based on the product type, the sterilization consumables segment accounted for around 14% of the market share and dominated the market in 2020. This increased consumption of the cotton balls and cotton swabs for skin preparation during surgeries and injections has boosted the growth. Moreover, its increased utilization for disinfecting the different medical equipment has fueled the growth of this segment.
  • Based on the raw materials, the non-woven segment is estimated to be the most opportunistic segment during the forecast period. The non-woven materials are efficient at disinfecting and protect from hospital acquired infections. Therefore, the increasing number of hospital admissions and increasing prevalence of hospital acquired infections are the major drivers of the non-woven materials segment.
  • Based on the end user, the hospitals segment dominated the global healthcare consumables market, garnering a market share of around 55% in 2020. This is simply attributed to the increased penetration of the hospitals across the globe coupled with the growing number of hospital admission due to various reasons such as road accidents and rising incidences of chronic diseases.
  • North America dominated the global healthcare consumables market, garnering over 33% of the market share in 2020. The increased prevalence of chronic diseases and rising geriatric population has significantly contributed towards the market growth.
  • Asia Pacific is estimated to be the most opportunistic market during the forecast period. The rising incidences of road traffic accidents are a significant contributor to the market growth.

View More Information@ https://www.globenewswire.com/en/news-release/2021/12/14/2351997/0/en/Healthcare-Consumables-Market-Size-to-Hit-US-1-129-5-Bn-by-2030.html

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OBJECTIVES OF THE STUDY

  • To analyze and forecast the Healthcare Consumables market, in terms of value and volume
  • To provide information about the key factors influencing the growth of the market (drivers, restraints, opportunities, and challenges)
  • To define, segment, and project the size of the global Healthcare Consumables market on the product type, end-use and other segments
  • To project the size of the market, with respect to five main regions, namely, North America, Europe, Asia Pacific (APAC), the Middle East & Africa, and South America, with their key countries
  • To strategically analyze micromarkets with respect to individual growth trends, growth prospects, and their contribution to the total market
  • To analyze opportunities in the market for stakeholders and provide a competitive landscape of the market leaders
  • To strategically profile key players and comprehensively analyze their core competencies
  • To track and analyze research & development (R&D) and competitive developments such as joint ventures, mergers & acquisitions, and new product developments in the Healthcare Consumables market

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Research Methodology

  • Market estimate for 2021
  • Average selling price (ASP) per region for specific product type
  • Filtrations and assortment of gathered data, to estimate the base year (2021) market size for the country
  • Gathering data from company websites, annual reports, white papers, financial reports, broker reports, investor presentations, and SEC filings
  • National government documents, statistical databases
  • News articles, press releases, and webcasts specific to companies operating in the market
  • Country wise analysis through internal and external proprietary databases, and relevant patent and regulatory databases
  • Determination of market penetration by country

Major Players Covered in this Report

The updated market research report on Healthcare Consumables market allows the buyers and manufacturers to stay updated with the current market trends, ongoing happenings, and a clear picture on the market scenario. List of key players included in the research report will help the market vendors to know their market position and plan more operational strategies to gain topmost position among other players. The report offers crucial company information on each market player, such as company profile, financial information, and recently adopted growth strategies. This will help other existing players and the new entrants to plan strategies and establish their presence in the market.

Major manufacturers & their revenues, percentage splits, market shares, growth rates and breakdowns of the product markets are determined through secondary sources and verified through the primary sources.

  • Company Overview
  • Company Market Share/Positioning Analysis
  • Product Offerings
  • Financial Performance
  • Recent Initiatives
  • Key Strategies Adopted by Players
  • Vendor Landscape
  • List of Suppliers
  • List of Buyers

The major players operating in the market are BD, Johnson & Johnson, Thermo Fisher Scientific, Inc., Medtronic, Baxter International, Inc., Avanos Medical, Inc., 3M, Cardinal Health, Inc., B. Braun Melsungen AG, Boston Scientific Corporation.

Segments Covered in the Report

By Product Type

  • Wound care Consumables
  • Diagnostic Consumables
  • Respiratory Supplies
  • Drug Delivery Products
  • Dialysis Consumables
  • Sterilization Consumables
  • Incontinence Products
  • Disposable Gloves
  • Disposable Masks
  • Hands Sanitizer
  • Others

By Raw Materials

  • Rubber
  • Non-woven Materials
  • Glass
  • Metals
  • Plastic Resin
  • Paper
  • Others

By End User

  • Hospitals
  • Homecare
  • Others

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