U.S. Hospital Consumables Market Size, Historical Growth, Opportunities and Forecast To 2025 | Grand View Research, Inc.

U.S. Hospital Consumables Market Size, Historical Growth, Opportunities and Forecast To 2025 | Grand View Research, Inc.

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According to a new report published by Grand View Research, the growing number of surgeries in the U.S. implies increased usage of hospital consumables. Moreover, the rising prevalence of chronic diseases coupled with expanding geriatric population in the U.S is estimated to stimulate the growth of the market.

The U.S. hospital consumables market size is anticipated to reach USD 53.24 billion by 2025, according to a new report by Grand View Research, Inc., experiencing a CAGR of 5.6% during the forecast period. Rising number of surgeries and prevalence of chronic diseases, coupled with expanding geriatric population in the U.S., is promoting the growth of the market.

Geriatric population in the U.S. accounts for a significant share in the overall population of the country. As per a report in 2018 by World Bank, the global population aged 60 years and above was 15.4% of the total population in 2017 in comparison with 12.9% in 2010. Aging makes a person more susceptible to cardiovascular, urological, and neurological diseases, among others. People suffering from these conditions often require surgical interventions. Thus, increasing elderly population is projected to provide an upthrust to the U.S. market.

Based on product, the segments reviewed in the report include medical gloves, medical gauze, disposable syringes, catheters, non-woven disposable products, glucometer strips, IV solutions, and general procedure trays. The non-woven medical disposables segment represented over 29.0% of the overall revenue in 2017. Non-woven disposables 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 (HAIs).

General procedure trays are poised to be the most promising product segment during the forecast period. These trays consist of specific tools and instruments used in surgical and diagnostic procedures related to cardiovascular, orthopedics, ophthalmic, and dental procedures, among others. Procedure kits can effectively reduce waste generation in hospitals. Moreover, custom kits can also reduce time required for specific surgeries, leading to a greater number of surgeries being performed in lesser time.

The U.S. hospital consumables market consists of a large number of players manufacturing several products. Some of the players operating in this space are McKesson Medical-Surgical Inc.; Medline Industries, Inc.; B. Braun Melsungen A.G.; Terumo Medical Corporation; Owens and Minor; Smith And Nephew, Inc.; Cardinal Health; and 3M.

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U.S. Hospital Consumables Market Report Highlights

 Non-woven disposable products are likely to hold the largest revenue share in the U.S. hospital consumables market throughout the forecast horizon

 General procedure trays are expected to register a CAGR of 10.2% during the same period

 The catheters segment is estimated to command over 17.0% of the overall revenue by 2025.          

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U.S. Hospital Consumables Market Segmentation

Grand View Research has segmented the U.S. hospital consumables market on the basis of product:

U.S. Hospital Consumables Product Outlook (Revenue, USD Million, 2014 – 2025)

     Medical Gloves
    I.V. Kits
     Medical Gauze
     Disposable Syringes
     Sharps Disposable Containers
     Catheters
     Non-woven Disposable Products
     Surgical Blades
     Medicine Cups
     Cannula
     Guidewires
     Thermometer
     Stethoscope
     Glucometer Strips
     I.V Solutions
        • 50 ml
        • 100 ml
        • 250 ml
        • 500 ml
        • 1000 ml
     BP Monitors
     General Procedure Trays
        • Laceration Trays

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About Grand View Research

Grand View Research is a market research and consulting company registered in the State of California having its headquarters in San Francisco. The company offers syndicated research reports, customized research reports, and consulting services. With Grand View Research, you get an opportunity to understand market trends, insights, and business statistics from a strategic standpoint. With a deep-seated understanding of many business environments, Grand View Research offers business and market intelligence studies and accomplishes more than 300 multi-country market studies.

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