Global Hospital Consumables Market Overview

The Global Hospital Consumables market size is estimated to reach $69.3 billion by 2026, growing at a CAGR of 11.3% over the forecast period of 2021-2026. Medical devices and consumables make up for most of the patient's treatment after the doctor's proficiency. Hence, consumables have been a prime trade factor and one of the quintessential components that can help the hospital or end-user mitigate various acquired infections. Hospital-acquired infections have been growing due to the hospital's negligence in disposing of the said consumable or reusing it again on another patient to avoid extra costs.

Healthcare centers have to manage the entire process of disposition, and else they are subjected to penalties by the medical association or Medi-care facilitator. Reusable devices and supplies have always been a potential form of spreading hospital-acquired infections or HAI or even higher chances of cross-contamination. Hospital consumables are individually packed-sterilized; hence the overall discussed risks reduce multifold. Additionally, the demand for hospital consumables increased as the cross-contamination risk mellows down while using such consumables due to the pandemic.

The rise in the geriatric population supplemented by the occurrence of various hospital procedures along with the increasing concern to mitigate the hospital-acquired infection and cross-contamination are some of the factors driving the Hospital Consumables Industry forward in the projected period.

Impact of COVID-19:

COVID-19 has increased the market multifold and had an extremely positive impact. Medical supplies are an asset needed for health systems to provide in-hospital or surgical care. Materials used include gloves, clothing, masks, syringes, needles, screws, staples, IV tubes, catheters, and wound attachments, in addition to other tools needed by doctors and nurses to provide care. During COVID, it was essential to use all these with extra care as any reuse or improper disposal could affect staff and new patients; hence, consumable usage skyrocketed and increased the market.

Key Takeaways from Global Hospital Consumables Market Report:

·         Evaluate market potential through analyzing growth rates (CAGR %), Volume (Units), and Value ($M) data given at country level – for Product Type, Procedural Requirements, End-users, and by different industries verticals.

·         Understand the market dynamics – key driving factors, challenges, and hidden opportunities.

·         Get in-depth insights on your competitor's performance – market shares, strategies, financial benchmarking, product benchmarking, SWOT and more.

·         Analyze the sales and distribution channels across key geographies to improve top-line revenues.

·         Understand the industry supply chain with a deep dive on the value augmentation at each step to optimize value and bring efficiencies in your processes.

·         Get a quick outlook on the market entropy – M&As, deals, partnerships, product launches of all key players for the past four years.

·         Evaluate the supply-demand gaps, import-export statistics, and regulatory landscape for more than the top 20 countries globally for the market.

By Procedural Requirement, the market for Elective Surgeries Segment to grow at the highest CAGR during the forecast period.

During the forecast period, the elective surgery segment market is predicted to develop at the fastest rate of XX%. As the COVID-19 crisis gets under control and the healthcare system begins to absorb the backlog of previously-deferred elective procedures, hospitals will restore their normal activity. With elective procedures, clinical trials will also resume in 2021. It will accelerate the funding of R&D programs by venture capital investors and emerging device companies.

Non-Elective Procedures held a dominant market share in the year 2020. Hospital consumables were the resilient pandemic sector for the medical devices and registered positive growth as they were not solely reliant on elective surgeries. Component manufacturers observed a revenue growth of 4.4% from 2019 to 2020 when it came down to the usage of hospital consumables. The high patient volumes suffering from COVID-19 required such consumables to avoid hospital-acquired infections.

By End-users, Ambulatory Surgical Centers Segment to grow at the highest CAGR during the forecast period.

The ambulatory surgical center's segment is predicted to develop at the fastest CAGR during the projection period. It is owing to the opening up of various ASCs to serve the accumulated demand for elective surgeries. Moreover, within the US, ASCs have been growing rapidly. For example, in 2010, registered ASCs were close to 5500, which have now doubled to 9500 by 2019. Further, U.S. Government favorable policies will encourage elective surgeries, thereby uplifting consumables usage in ASCs.

Hospitals held a dominant market share in the year 2020. It is owing to the pandemic and various in-patient surgical requirements which made hospitals a preferred choice. Covid-19 affected close to 50 million people and took the lives of 800,000 patients. The majority of the patients were admitted to hospitals owing to the delta-variance dominance and low-immunity and vaccine hesitancy amongst various classes of people.

North America to account for the largest market share during the forecast period.

North America held the largest share of the Hospital Consumables market in 2020, with a global market share of 33%. This region's growth is due to robust manufacturers of hospital consumables within the region. Additionally, the CDMO for the medical devices industry has been growing, the industry was valued at $17.9 billion in 2019, and as of 2021, the industry was valued at $20,3 billion. The major contributor to such growth is the optimal demand for hospital consumables.

The Asia Pacific is set to be the fastest-growing over 2021-2026. This growth is due to India-China-Taiwan's growing resilience as the preferred location to outsource manufacturing activities. Moreover, India saw an exponential increase of 137% in its medical budget, allowing local medical device manufacturers to manufacture at sustainable prices and favoring the environment. These factors are owing exponential growth in the region.

Market Dynamics

Driver: The concern for mitigating hospital-acquired or hospital-acquired infections has been a prime reason for the market penetration.

Hospital-acquired infections have been a prime contributor to increasing deaths post-operation within the hospital site. Within the American hospitals, CDC estimates that 1.7 million infections and 99,000 deaths are the results of HAIs. The U.S. regulatory authorities have provided steps that can potentially reduce the overall risk for spreading HAIs. For example, catheters to be used on one patient, and disposing of it immediately after use; providers to continuously wear body covers, gloves, masks, and other appropriate gears to reduce the potential risks.

Pathogens such as vancomycin-resistant enterococci (VRE), methicillin-resistant Staphylococcus aureus (MRSA), multi-resistant Gram-negative bacilli, Norovirus, and Clostridium difficile persist in the health care environment for days. Methicillin-resistant Staphylococcus aureus (MRSA) can potentially survive anywhere between 7days to 7 months. Further, Norovirus can survive anywhere between 8 hours- 7 days. Hospital consumables are preferred Owing to such persistence.

Challenge: The environmental concerns of the disposition of hospital consumables have raised questions and impeded market growth.

The predominant portion of hospital consumables is made of plastic, and the world has started its descent to avoid using such products. The following factors hamper the overall market growth. For example, as per Mayo Clinic reports, 20% of the wastes generated by hospitals in the U.S. is due to single-use medical consumables. Further, 57% of the people surveyed had no clue about what can be termed recyclable, which further increases the overall disposition of plastic waste, as a predominant part goes under the head of "non-recyclable."

Another case study indicated that within the U.K., nurses were opting for plastic gloves to touch hospital beds and pediatric wards; when the chief hospital advisor took a harsh stand against such practices, the hospital observed that it could save 21 tons of plastic, which also saved a substantial cost of $120,000. Hence, the general practice of saving costs by using hospital consumables has been trembled by such examples, and hence, the market would face ready troubles.

Key Market Players

Key Players in the Global Hospital Consumables Market consist of McKesson Medical-Surgical Inc., Medline Industries, Inc., B. Braun Melsungen A.G., Terumo Medical Corporation., Owens and Minor., Smith And Nephew, Inc., Cardinal Health, 3M., Medtronic, and Thermo Fisher Scientific.

Recent Developments:

In May 2021, MCR Safety launched its nitrile medical gloves, which are biodegradable. The nitrile polymer has been composed of unique materials which attract microbes, thereby inducing biodegradation in biologically active landfills. These gloves are tested to ASTM D5526 for the biodegradation of their plastic materials. After 202 days, the 6041's total degradation percentage was 39.9%. A similar untreated nitrile disposable glove produced 0% biodegradation, meaning the 6041 provides 100% improvement in biodegradability over standard nitrile disposable gloves.

Report Coverage and Scope

The report "Global Hospital Consumables Market" by Research Informatic covers an in-depth detailed analysis for the following segment covered under the scope.

By Product Type

·         Medical Gloves

·         Syringes

·         I.V. Kits

·         Medical Gauze

·         Sharps Disposable Containers

·         Catheters

·         Non-Woven Disposable Products

·         Surgical Blades

·         Medicine Cups

·         Cannula, Guidewires

·         Thermometer

·         Glucometer Strips

·         IV Solutions

·         Others

By Procedural Requirements

·         Elective

·         Non-Elective Procedure

By End-users

·         Hospitals

·         Private Clinics

·         Ambulatory Surgical Centers

By Geography

·         North America

·         Europe

·         APAC

·         RoW

Chapter 1 Hospital Consumables Market Overview

1.1 Product Overview and Scope of Hospital Consumables

1.2 Hospital Consumables Market Segmentation By Product Type

1.2.1 Medical Gloves

1.2.2 Syringes

1.2.3 I.V. Kits

1.2.4 Medical Gauze

1.2.5 Sharps Disposable Containers

1.3 Hospital Consumables Market Segmentation By End User

1.3.1 Hospitals

1.3.2 Private Clinics

1.3.3 Ambulatory Surgical Centers

1.4 Hospital Consumables Market Segmentation by Regions

1.4.1 North America

1.4.2 China

1.4.3 Europe

1.4.4 Southeast Asia

1.4.5 Japan

1.4.6 India

1.5 Global Market Size (Value) of Hospital Consumables (2015-2027)

Chapter 2 Global Economic Impact on Hospital Consumables Industry

2.1 Global Macroeconomic Environment Analysis

2.1.1 Global Macroeconomic Analysis

2.1.2 Global Macroeconomic Environment Development Trend

2.2 Global Macroeconomic Environment Analysis by Regions

Chapter 3 Global Hospital Consumables Market Competition by Manufacturers

3.1 Global Hospital Consumables Production and Share by Manufacturers (2021 and 2021)

3.2 Global Hospital Consumables Revenue and Share by Manufacturers (2021 and 2021)

3.3 Global Hospital Consumables Average Price by Manufacturers (2021 and 2021)

3.4 Manufacturers Hospital Consumables Manufacturing Base Distribution, Production Area and Product Type

3.5 Hospital Consumables Market Competitive Situation and Trends

3.5.1 Hospital Consumables Market Concentration Rate

3.5.2 Hospital Consumables Market Share of Top 3 and Top 5 Manufacturers

3.5.3 Mergers & Acquisitions, Expansion

Chapter 4 Global Hospital Consumables Production, Revenue (Value) by Region (2015-2021)

4.1 Global Hospital Consumables Production by Region (2015-2021)

4.2 Global Hospital Consumables Production Market Share by Region (2015-2021)

4.3 Global Hospital Consumables Revenue (Value) and Market Share by Region (2015-2021)

4.4 Global Hospital Consumables Production, Revenue, Price and Gross Margin (2015-2021)

4.5 North America Hospital Consumables Production, Revenue, Price and Gross Margin (2015-2021)

4.6 Europe Hospital Consumables Production, Revenue, Price and Gross Margin (2015-2021)

4.7 China Hospital Consumables Production, Revenue, Price and Gross Margin (2015-2021)

4.8 Japan Hospital Consumables Production, Revenue, Price and Gross Margin (2015-2021)

4.9 Southeast Asia Hospital Consumables Production, Revenue, Price and Gross Margin (2015-2021)

4.10 India Hospital Consumables Production, Revenue, Price and Gross Margin (2015-2021)

Chapter 5 Global Hospital Consumables Supply (Production), Consumption, Export, Import by Regions (2015-2021)

5.1 Global Hospital Consumables Consumption by Regions (2015-2021)

5.2 North America Hospital Consumables Production, Consumption, Export, Import by Regions (2015-2021)

5.3 Europe Hospital Consumables Production, Consumption, Export, Import by Regions (2015-2021)

5.4 China Hospital Consumables Production, Consumption, Export, Import by Regions (2015-2021)

5.5 Japan Hospital Consumables Production, Consumption, Export, Import by Regions (2015-2021)

5.6 Southeast Asia Hospital Consumables Production, Consumption, Export, Import by Regions (2015-2021)

5.7 India Hospital Consumables Production, Consumption, Export, Import by Regions (2015-2021)

Chapter 6 Global Hospital Consumables Production, Revenue (Value), Price Trend by Type

6.1 Global Hospital Consumables Production and Market Share by Type (2015-2021)

6.2 Global Hospital Consumables Revenue and Market Share by Type (2015-2021)

6.3 Global Hospital Consumables Price by Type (2015-2021)

6.4 Global Hospital Consumables Production Growth by Type (2015-2021)

Chapter 7 Global Hospital Consumables Market Analysis by Application

7.1 Global Hospital Consumables Consumption and Market Share by Application (2015-2021)

7.2 Global Hospital Consumables Consumption Growth Rate by Application (2015-2021)

7.3 Market Drivers and Opportunities

7.3.1 Potential Applications

7.3.2 Emerging Markets/Countries

Chapter 8 Hospital Consumables Manufacturing Cost Analysis

8.1 Hospital Consumables Key Raw Materials Analysis

8.1.1 Key Raw Materials

8.1.2 Price Trend of Key Raw Materials

8.1.3 Key Suppliers of Raw Materials

8.1.4 Market Concentration Rate of Raw Materials

8.2 Proportion of Manufacturing Cost Structure

8.2.1 Raw Materials

8.2.2 Labour Cost

8.2.3 Manufacturing Expenses

8.3 Manufacturing Process Analysis of Hospital Consumables 

Chapter 9 Industrial Chain, Sourcing Strategy and Downstream Buyers

9.1 Hospital Consumables Industrial Chain Analysis

9.2 Upstream Raw Materials Sourcing

9.3 Raw Materials Sources of Hospital Consumables Major Manufacturers in 2021

9.4 Downstream Buyers

Chapter 10 Marketing Strategy Analysis, Distributors/Traders

10.1 Marketing Channel

10.1.1 Direct Marketing

10.1.2 Indirect Marketing

10.1.3 Marketing Channel Development Trend

10.2 Market Positioning

10.2.1 Pricing Strategy

10.2.2 Brand Strategy

10.2.3 Target Client

10.3 Distributors/Traders List

Chapter 11 Market Effect Factors Analysis

11.1 Technology Progress/Risk

11.1.1 Substitutes Threat

11.1.2 Technology Progress in Related Industry

11.2 Consumer Needs/Customer Preference Change

11.3 Economic/Political Environmental Change

Chapter 12 Global Hospital Consumables Market Forecast (2021-2027)

12.1 Global Hospital Consumables Production, Revenue Forecast (2021-2027)

12.2 Global Hospital Consumables Production, Consumption Forecast by Regions (2021-2027)

12.3 Global Hospital Consumables Production Forecast by Type (2021-2027)

12.4 Global Hospital Consumables Consumption Forecast by Application (2021-2027)

12.5 Hospital Consumables Price Forecast (2021-2027)

Chapter 13 Appendix