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Surge of Disposable Hospital Supplies Market: Anticipated CAGR of 6.5% & 5.9% in the Foreseeable Future
Disposable Hospital Supplies Market Share
What Is The Projected Market Size Of The Global Disposable Hospital Supplies Market And Its Growth Rate?
The dynamic expansion of the disposable hospital supplies market is influenced by several factors, and its projected market size is promising.
•The market size is set to increase from $26.11 billion in 2024 to $27.81 billion in 2025, translating to a compound annual growth rate (CAGR) of 6.5%.
•The growth in the historic period can be linked to growing healthcare spending, the rise in infectious diseases, stringent regulatory standards, aging population, and the globalization of healthcare.
•In the near future, the disposable hospital supplies market size is poised for robust growth, reaching $35 billion in 2029 at a CAGR of 5.9%.
•Factors contributing to the forecast period growth include rising healthcare investments, prevalence of chronic diseases, global pandemic preparedness, evolving regulatory landscape, and environmental sustainability initiatives.
What Is Driving The Growth In The Disposable Hospital Supplies Market?
The COVID-19 pandemic has propelled the demand for disposable hospital supplies globally. The unprecedented surge in COVID-19 cases has increased the need for personal protective equipment (PPE) and other disposable supplies, crucial in protecting healthcare workers from infections while performing their duties. As reported by the World Health Organization in January 2024, the number of new COVID-19 cases increased by 4% during the 28-day period of 11 December 2023 to 7 January 2024, compared to the previous period. This spike, with over 1.1 million new cases, is a clear indication of why the escalating cases of Covid-19 are driving the growth of the disposable hospital supplies market.
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Who Are the Key Players Driving Disposable Hospital Supplies Market Growth?
Some key companies in the disposable hospital supplies market include:
• Cardinal Health Inc.
• Johnson & Johnson Services Inc.
• Abbott Laboratories
• 3M Company
• Covidien Limited
• Medtronic plc
• Medline Industries Inc.
• Kimberly-Clark Corporation
• Becton, Dickinson and Company
• Baxter International Inc.
• Owens & Minor Inc.
• B Braun Melsungen AG
• Terumo Corporation
• Steris Corporation
• Nipro Corporation
• Getinge AB
• Molnlycke Health Care AB
• Ansell Healthcare LLC
• Avanos Medical Inc.
• Semperit AG Holding
• Advanced Sterilization Products Services Inc.
What Are The Key Trends In The Disposable Hospital Supplies Market?
Key trends impacting the forecast period include:
• Technological innovations in the industry.
• Expansion of telehealth services.
• Advancements in medical technology.
• Increasing emphasis on cost efficiency in healthcare.
• Rising adoption of single-use devices.
What Are The Segments Of The Global Disposable Hospital Supplies Market?
Key segments that shape the market include:
1) By Type: Gloves, Drapes, Gowns, Needles, Syringes, Procedure Kits And Trays, Bandages, Masks
2) By Product: Diagnostic Supplies, Dialysis Consumables, Radiology Consumables, Infusion Products, Incubation And Ventilation Supplies, Hypodermic Products, Sterilization Consumables, Non-Woven Medical Supplies, Wound Care Consumables, Other Products
3) By End-Users: Hospitals, Clinics Or Physician Offices, Assisted Living Centers And Nursing Homes, Ambulatory Surgery Centers, Research Institutes
Which Region Leads The Disposable Hospital Supplies Market?
North America was the largest region in the disposable hospital supplies market in 2024, closely followed by Western Europe. The regions covered in the disposable hospital supplies market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, and Africa.
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What Is Covered In The Disposable Hospital Supplies Market Global Market Report?
- Market Size Analysis: Analyze the Disposable Hospital Supplies Market size by key regions, countries, product types, and applications.
- Market Segmentation Analysis: Identify various subsegments within the Disposable Hospital Supplies Market for effective categorization.
- Key Player Focus: Focus on key players to define their market value, share, and competitive landscape.
- Growth Trends Analysis: Examine individual growth trends and prospects in the Market.
- Market Contribution: Evaluate contributions of different segments to the overall Disposable Hospital Supplies Market growth.
- Growth Drivers: Detail key factors influencing market growth, including opportunities and drivers.
- Industry Challenges: Analyze challenges and risks affecting the Disposable Hospital Supplies Market.
- Competitive Developments: Analyze competitive developments, such as expansions, agreements, and new product launches in the market.
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