Global Healthcare Consumables Market: By Product Type, By Raw Material (Non-woven Disposable Products, Disposable Medical Gloves and others)and byGeography (Europe, Asia-Pacific, North America, Middle East & Africa, &South America)—Global Forecast till 2032

Description

Market Overview: The Healthcare Consumables Market, valued at USD 489.54 billion in 2024, is projected to rise to USD 1,141.19 billion by 2031, with a compound annual growth rate (CAGR) of 12.27% from 2024 to 2031. This market aimsto produce and distribute medical supplies commonly utilized throughout medical processes and surgeries. Key drivers of this market’s expansion comprise the growing geriatric population, higher hospital admission rates, rising healthcare expenditure, and the growing prevalence of chronic diseases. In addition, heightened awareness of healthcare and the requirement for surgical processes are significant factors driving market growth.

Market Size for Global Healthcare Consumables Market on the Basis of Revenues in USD Bn, 2018-2023

                                                                 Source: XX Research Analysis

What Factors are Leading to the Growth of the Global Healthcare Consumables Market:

• Innovations in medical technology are driving the development of innovative healthcare consumables, comprising minimally invasive surgical instruments, advanced wound care products, and disposable medical devices, accelerating market growth.
• The growing awareness of the significance of hygiene and infection control in healthcare environments is propelling the requirement for disposable consumables including gloves, masks, and disinfectants.
• The rapid economic growth in emerging markets, along with mounting healthcare infrastructure and improved access to healthcare, is contributing to the growth of the healthcare consumables market across the globe.

Which Industry Trends have been Fueling the Growth?

Rapid Launch by Companies: The adoption of organic growth strategies, including product launches by key market players, is projected to propel market growth in the forecast period. For instance, in January 2023, Convatec, a global medical products and technologies company, announced the U.S. launch of ConvaFoam. This improved foam dressing line is designed to address the demands of healthcare providers and their patients, offering solutions for different wound types at any stage of the healing procedure. ConvaFoamfocuses to streamline wound management and enhance skin protection.

Emergence of Personalized Medicine for Minimally Invasive Procedures: The move toward personalized treatment is driving the requirement for specialty consumables personalized to the needs of precise patients. One example is the growth in sectors including single-use, disposable sterile devices for minimally invasive procedures. Techniques comprising laparoscopic and robotic surgery, which offer speedier recovery times and a reduced risk of infection, are growing the usage of these consumables.

What is the Current Structure for Global Healthcare Consumables Market?

By Product Type, Non-Woven Segment is Estimated to Register the Largest Market Size

The non-woven product segment held the largest revenue share. This high market penetration is accredited to the growing use of non-woven fabrics throughout surgeries and checkups. These fabrics help prevent medical professionals from Hospital-acquired Infections (HAIs), which is projected to boost their requirement in hospitals over the forecast period. Additionally, the growing incidence of chronic diseases and the increasing geriatric population are anticipated to drive the global demand for non-woven disposables in hospitals.

By Raw Material, Plastic Resin Segment is Anticipated to Held Largest Market Size

The plastic resin segment registered the market share, primarily wing to the increased usage of plastic resins in producing a wide variety of healthcare consumables, comprising syringes, tubes, packaging materials, and medical containers. The growth opportunities in the healthcare industry are significantly propelled by the low cost, durability, and availability of different plastics comprising polypropylene (PP), polyvinyl chloride (PVC), and polystyrene.

By Region, Asia Pacific Region Held the Largest CAGR in the Global Market

The Asia Pacific region led the global market. This dominance is accredited to advancements in technology, increased investments, advanced reimbursement scenarios, and an increase in medical tourism. Additionally, the region’s rising aging population and growing burden of chronic diseases are projected to drive product requirements in the coming years. According to a report by the United Nations Sexual and Reproductive Health Agency (UNFPA), the aging population across the Asia Pacific is increasing at an unprecedented rate, with projections representing that by 2050, nearly one in four individuals in the region will be over 60 years old, reaching close to 1.3 billion individuals.

Competitive Analysis

The Healthcare consumables market presents a moderate level of fragmentation, with different companies competing for substantial market shares. These firms use advanced technologies to enhance innovative products, focusing to secure dominant positions in the market. Established players employ strategies including mergers, acquisitions, collaborations, and joint ventures to reinforce their market presence. Some of the major players operating in the market includes McKesson Medical-Surgical Inc.; Medline Industries, Inc.; B. Braun Melsungen A.G.; Terumo Medical Corp.; Owens and Minor; Smith and Nephew, Inc.; Cardinal Health; 3M; Baxter; Fresenius Medical Care AG & Co. KGaA

Market Segmentation

Global Healthcare Consumables Market, by Product Type

• Wound care Consumables
• Diagnostic Consumables
• Respiratory Supplies
• Drug Delivery Products
• Dialysis Consumables
• Non-Woven Products
• Others

Global Healthcare Consumables, By Raw Material

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

Global Healthcare Consumables Market, by Region

• North America
  • US
  • Canada
• Europe
  • Germany
  • UK
  • Russia
  • France
  • Italy
  • Spain
  • Rest of Europe
• Asia-Pacific
  • China
  • Japan
  • India
  • South Korea
  • Indonesia
  • Malaysia
  • Rest of Asia-Pacific
• Latin America
  • Mexico
  • Brazil
  • Argentina
  • Rest of Latin America
• Middle East & Africa
  • GCC Countries
  • Turkey
  • South Africa
  • Rest of Middle East & Africa

Market Players Included

• TERUMO
• BD
• Jafron Biomedical
• Weigao
• Fresenius
• Grifols
• Haemonetics
• Baxter (Gambro)
• Biosun Medical
• Toray Medical
• COVIDIEN(Medtronic)
• BraunMelsungen AG
• OPM
• Smiths Medical ASD
• Nipro