The U.S. hospital consumables market size is
anticipated to reach USD 53.24 billion by 2025, according to a new report by
Grand View Research, Inc., experiencing a CAGR of 5.6% during the forecast
period. Rising number of surgeries and prevalence of chronic diseases, coupled
with expanding geriatric population in the U.S., is promoting the growth of the
market.
Geriatric population in the U.S. accounts for
a significant share in the overall population of the country. As per a report
in 2018 by World Bank, the global population aged 60 years and above was 15.4%
of the total population in 2017 in comparison with 12.9% in 2010. Aging makes a
person more susceptible to cardiovascular, urological, and neurological
diseases, among others. People suffering from these conditions often require
surgical interventions. Thus, increasing elderly population is projected to
provide an upthrust to the U.S. market.
Based on product, the segments reviewed in the
report include medical gloves, medical gauze, disposable syringes, catheters,
non-woven disposable products, glucometer strips, IV solutions, and general
procedure trays. The non-woven medical disposables segment represented over
29.0% of the overall revenue in 2017. Non-woven disposables are either made
from natural fibers, such as cotton and linen, or synthetic fibers such as
polypropylene, polytetrafluoroethylene, and polyester. These fabrics protect
patients and medical professionals from hospital-acquired infections (HAIs).
General procedure trays are poised to be the
most promising product segment during the forecast period. These trays consist
of specific tools and instruments used in surgical and diagnostic procedures
related to cardiovascular, orthopedics, ophthalmic, and dental procedures,
among others. Procedure kits can effectively reduce waste generation in
hospitals. Moreover, custom kits can also reduce time required for specific
surgeries, leading to a greater number of surgeries being performed in lesser
time.
The U.S. hospital consumables market consists
of a large number of players manufacturing several products. Some of the
players operating in this space are McKesson Medical-Surgical Inc.; Medline
Industries, Inc.; B. Braun Melsungen A.G.; Terumo Medical Corporation; Owens
and Minor; Smith And Nephew, Inc.; Cardinal Health; and 3M.
For full research report on U.S.
Hospital Consumables Market visit here: https://www.grandviewresearch.com/industry-analysis/us-hospital-consumables-market
Further Key
Findings From the Report Suggest:
- Non-woven disposable products are likely to
hold the largest revenue share in the U.S. hospital consumables market
throughout the forecast horizon
- General procedure trays are expected to
register a CAGR of 10.2% during the same period
- The catheters segment is estimated to command
over 17.0% of the overall revenue by 2025.
Get request sample of this report here: https://www.grandviewresearch.com/industry-analysis/us-hospital-consumables-market/request/rs1
Grand
View Research has segmented the U.S. hospital consumables market on the basis
of product:
U.S. Hospital
Consumables Product Outlook (Revenue, USD Million, 2014 - 2025)
- Medical Gloves
- I.V. Kits
- Medical Gauze
- Disposable Syringes
- Sharps Disposable
Containers
- Catheters
- Non-woven Disposable
Products
- Surgical Blades
- Medicine Cups
- Cannula
- Guidewires
- Thermometer
- Stethoscope
- Glucometer Strips
- I.V Solutions
- 50 ml
- 100 ml
- 250 ml
- 500 ml
- 1000 ml
- BP Monitors
- General Procedure
Trays
- Laceration Trays
About Grand View Research
Grand View Research, Inc. is a U.S. based market
research and consulting company, registered in the State of California and
headquartered in San Francisco. The company provides syndicated research
reports, customized research reports, and consulting services. To help clients
make informed business decisions, we offer market intelligence studies ensuring
relevant and fact-based research across a range of industries, from technology
to chemicals, materials and healthcare.
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