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Soaring Demand Set to Propel Disposable Hospital Supplies Market to $33.45 Billion by 2029
Use code ONLINE30 to get 30% off on global market reports and stay ahead of tariff changes, macro trends, and global economic shifts.What Is the Expected CAGR for the Disposable Hospital Supplies Market Through 2025?
In recent years, there has been a significant growth in the size of the disposable hospital supplies market. The market, which was worth $25.55 billion in 2024, is predicted to increase to $26.84 billion in 2025, representing a compound annual growth rate (CAGR) of 5.1%. This growth witnessed in the past years can be connected to factors such as increased spending on healthcare, a rise in infectious diseases, stricter regulatory standards, an aging population, and the global spread of healthcare.
What's the Projected Size of the Global Disposable Hospital Supplies Market by 2029?
Expectations suggest a solid increase in the size of the disposable hospital supplies market over the coming years. Projections put the market at a value of $33.45 billion by 2029, growing at a compound annual growth rate (CAGR) of 5.7%. Factors contributing to this anticipated growth within the forecast period include elevating healthcare investments, the prevalence of chronic diseases, preparation for global pandemics, a changing regulatory landscape, and initiatives aimed at environmental sustainability. The forecast period is also expected to see major trends such as technological innovations, the extension of telehealth, the progress of medical technology, a heightened focus on cost efficiency, and a surge in the adoption of single-use devices.
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Top Growth Drivers in the Disposable Hospital Supplies Industry: What's Accelerating the Market?
The escalating COVID-19 cases globally are anticipated to boost the needs for disposable hospital supplies. This sharp rise in COVID-19 cases creates a substantial demand for personal protective equipment (PPE) and other disposable products to shield healthcare workers from infections during their regular activities. For example, in January 2024, the World Health Organization, an international organization based in Switzerland, reported a 4% increase in new COVID-19 cases in the 28-day period from 11 December 2023 to 7 January 2024, compared to the preceding 28-day period, registering over 1.1 million new cases. Consequently, the rising count of Covid-19 cases is propelling the expansion of the disposable hospital supplies market.
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What Are the Key Trends Driving Disposable Hospital Supplies Market Growth?
Leading corporations in the disposable hospital supplies sector are pioneering novel products like the ClearMask Transparent Surgical Mask Plus to attend to consumer demands. The ClearMask Transparent Surgical Mask distinguishes itself as the first wholly transparent, FDA-approved, and CE-certified mask designed for utmost clarity and comfort. For instance, ClearMask LLC., an American medical supply firm, unveiled the ClearMask Transparent Surgical Mask in May 2022. It aims at facilitating more human-like interactions and assisting clearer communication, particularly beneficial for individuals dependent on lip-reading or facial expressions for communication. The mask, constructed from lightweight materials and furnished with an anti-fogging feature, guarantees superior clarity. The introduction of the ClearMask Transparent Surgical Mask Plus is testament to the ongoing innovations in the disposable mask market, aiming at enhancing comfort, communication, and security.
What Are the Main Segments in the Disposable Hospital Supplies Market?
The disposable hospital supplies market covered in this report is segmented -
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
Subsegments:
1) By Gloves: Latex Gloves, Nitrile Gloves, Vinyl Gloves
2) By Drapes: Surgical Drapes, Non-Surgical Drapes
3) By Gowns: Surgical Gowns, Isolation Gowns, Patient Gowns
4) By Needles: Hypodermic Needles, IV Needles, Specialty Needles
5) By Syringes: Standard Syringes, Safety Syringes, Insulin Syringes
6) By Procedure Kits And Trays: Surgical Procedure Kits, Diagnostic Procedure Kits
7) By Bandages: Adhesive Bandages, Sterile Dressings, Compression Bandages
8) By Masks: Surgical Masks, N95 Respirators, Face Shields
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Which Top Companies are Driving Growth in the Disposable Hospital Supplies Market?
Major companies operating 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, dic*kinson 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.
Which Regions Will Dominate the Disposable Hospital Supplies Market Through 2029?
North America was the largest region in the disposable hospital supplies market in 2024. Western Europe was the second largest region in the global disposable hospital supplies market. The regions covered in the disposable hospital supplies market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
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