GLOBAL HEALTHCARE CONSUMABLES MARKET SIZE AND SHARE ANALYSIS - GROWTH TRENDS AND FORECASTS (2024-2031)

Global healthcare consumables market is estimated to be valued at USD 172.31 Bn in 2024, and is expected to exhibit a CAGR of 11.8% during the forecast period (2024-2031). Global healthcare consumables market refers to the market for single-use or disposable medical supplies that are consumed within a short period of time during the process of medical care. These consumables include a variety of items such as syringes, cannulas, catheters, drapes, gloves, masks, bandages and many more. These play an essential role in diagnostics, surgery and treatment services across different healthcare settings like hospitals, clinics, laboratories and long-term care facilities. Rising incidence of both chronic and acute diseases worldwide boosts demand for medical treatments and diagnostic procedures, and this boosts usage of healthcare consumables. Growing geriatric population base that is susceptible to various diseases and rapid technological developments in the healthcare industry is expected to drive the global healthcare consumables market growth in the near future.

Market Dynamics:

Global healthcare consumables market growth is primarily driven by rising disease burden due to  growing prevalence of both communicable and non-communicable diseases globally. According to the World Health Organization, chronic diseases accounted for approximately 60% of total reported deaths in 2020. Growing geriatric population base that is prone to various age-related diseases and conditions require continuous supply of healthcare consumables. Rapid technological advancements in the healthcare sector boosts demand for more advanced and innovative consumables. However, strict regulatory framework and quality standards for healthcare products introduce certain challenges for market players in terms of compliance. Currency exchange rate fluctuations can also impact the costs of imported raw materials and consumables. Meanwhile, favorable government policies and initiatives to modernize healthcare infrastructure in developing nations present new opportunities for market growth.

Key Features of the Study:

• This report provides an in-depth analysis of the global healthcare consumables market, and provides market size (USD Bn) and compound annual growth rate (CAGR%) for the forecast period (2024–2031), considering 2023 as the base year.
• It elucidates potential revenue growth opportunities across different segments and explains attractive investment proposition matrices for this market.
• This study also provides key insights about market drivers, restraints, opportunities, new product launches or approvals, market trends, regional outlook, and competitive strategies adopted by key players.
• It profiles key players in the global healthcare consumables market based on the following parameters – company highlights, products portfolio, key highlights, financial performance, and strategies.
• Key companies covered as a part of this includes 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 International Inc., Dynarex Corporation, Kemei, Unigloves, Argentum Medical, Alliqua Biomedical, AccelHeal, Globus Medical.
• Insights from this report would allow marketers and the management authorities of the companies to make informed decisions regarding their future product launches, type up-gradation, market expansion, and marketing tactics.
• Global healthcare consumables market caters to various stakeholders in this industry including investors, suppliers, product manufacturers, distributors, new entrants, and financial analysts.
• Stakeholders would have ease in decision-making through various strategy matrices used in analyzing the global healthcare consumables market.

Detailed Segmentation-

• By Product Type:
  • Wound care consumables
  • Blood and dialysis consumables
  • Drug Delivery Products
  • Incontinence Products
  • Disposable Gloves
  • Others
• By Raw Material:
  • Rubber
  • Glass
  • Metals
  • Plastic
  • Others
• By End User:
  • Hospitals
  • Home Healthcare
  • Others
• By Region:
  • North America
  • Europe
  • Asia Pacific
  • Latin America
  • Middle East
  • Africa

Company Profiles:

• Procter & Gamble
• 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