The Global Healthcare Consumables Market is Anticipated to Witness High Growth Owing to Growing Demand for Medical Supplies

Global Healthcare Consumables Market
Global Healthcare Consumables Market 


The global healthcare consumables market comprises various medical supplies that are consumed on regular basis at healthcare facilities. Some key products in this market include syringes, needles, catheters, bandages, surgical gloves and drapes. The growth in demand for these disposable medical supplies is being driven by increasing healthcare spending worldwide as well as rising number of surgical procedures performed for various conditions. For instance, growing incidence of chronic diseases is resulting in more hospital admissions and treatments. This rising patient volume in hospitals and clinics has significantly boosted the consumption of consumable medical supplies over the years.


The Global healthcare consumables market is estimated to be valued at US$ 376.91 Bn in 2024 and is expected to exhibit a CAGR of 11% over the forecast period 2024 to 2031.

Key Takeaways
Key players operating in the Global Healthcare Consumables are Procter & Gamble, B. Braun SE, McKesson Medical-Surgical Inc, Medline Industries Inc., Owens and Minor, Smith And Nephew plc, 3M, Baxter, Fresenius Medical Care AG, Cardinal Health, Terumo Medical Corporation, Honeywell Interational Inc., Dynarex Corporation, Kemei, Unigloves, Argentum Medical, Alliqua Biomedical, AccelHeal, Globus Medical.

The Global Healthcare Consumables Market Demand  provides plenty of opportunities such as growing usage of minimally invasive surgeries which result in more consumption of medical consumables. Furthermore, rising geriatric population globally is another important growth driver as older people tend to require more medical services which further boosts demand for consumable products.

Key players are expanding globally into high potential emerging markets to tap the opportunities offered by countries with growing healthcare infrastructure and increasing medical tourism. For example, companies are investing in setting up manufacturing plants in Asia Pacific and Latin America to cater to regional demand.

Market drivers:

Growing incidence rates of chronic diseases worldwide is a key factor driving demand. These long term conditions often require lifelong management and treatments which results in sustained consumption of medical supplies over time.

Rising healthcare spending in developing economies due to economic growth which is enabling people to spend more on their health and medical services. This rising expenditures is contributing to volume growth.

Market restraints:

Pricing pressures faced by players due to intense competition in the market could limit potential profits.

Fluctuations in prices of raw materials used to make these products impacts manufacturing costs for companies.


Segment Analysis

The Global Healthcare Consumables Market is dominated by surgical gloves sub segment owing to rising healthcare associated infections necessitating proper healthcare worker safety. Surgical gloves are the most commonly used personal protective equipment across healthcare facilities globally and account for over 30% of the overall market share. The wound care/wound closure sub segment is another major segment and is growing at a fast pace due to increasing number of surgical procedures being performed annually and rising prevalence of chronic wounds worldwide. Skincare/skinclosures sub segment forms a sizable portion as well and is driven by growing geriatric population susceptible to various skin disorders.

Global Analysis

North America dominates the Global Healthcare Consumables Market accounting for over 35% share attributed to high healthcare expenditure, presence of advanced healthcare infrastructure and stringent regulations regarding hygiene and safety. Asia Pacific is identified as the fastest growing region on account of large patient population, improving access to healthcare services and rising medical tourism. Further, increasing incidence of chronic illnesses coupled with expanding medical facilities are fueling the healthcare consumables market across emerging countries of Asia Pacific. Europe holds a significant share owing to presence of universal healthcare along with focus on quality and safety. However, shortage of resources has led to cost containment measures impacting the regional growth.

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