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.
Browse full report with Table of Content @ https://www.grandviewresearch.com/industry-analysis/us-hospital-consumables-market
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.
For Requesting a Sample Copy of This Report, Please Visit @ https://www.grandviewresearch.com/industry-analysis/us-hospital-consumables-market/request/rs1
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
• Non-woven Disposable Products
• Surgical Blades
• Medicine Cups
• Glucometer Strips
• I.V Solutions
• 50 ml
• 100 ml
• 250 ml
• 500 ml
• 1000 ml
• BP Monitors
• General Procedure Trays
• Laceration Trays
Inquire more or share questions if any before the purchase on this report @ https://www.grandviewresearch.com/inquiry/5689/ibb
Browse More Related Report:
Orthodontic Consumables Market Analysis by Product (Anchorage Appliances – Buccal Tubes, Miniscrews, Bands; Ligatures – Elastomeric Ligatures, Wire Ligatures; Brackets – Aesthetic Brackets, Self-Ligating Brackets, Metal Brackets, Cosmetic Brackets; Archwires – Beta Titanium Archwire, Nickel Titanium Archwire, Stainless Steel Archwire) by Region (U.S., Canada, UK, Germany, China, India, Brazil, Mexico, South Africa, Middle East), and Segment Forecasts to 2024
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.
Company Name: Grand View Research, Inc.
Contact Person: Sherry James, Corporate Sales Specialist – U.S.A.
Email: Send Email
Address:Grand View Research, Inc. 201 Spear Street 1100 San Francisco, CA 94105, United States
City: San Francisco
Country: United States