United States Hospital Supplies Market Size
| Study Period | 2021 - 2029 |
| Base Year For Estimation | 2023 |
| Forecast Data Period | 2024 - 2029 |
| Historical Data Period | 2021 - 2022 |
| CAGR (2024 - 2029) | 11.20 % |
| Market Concentration | Low |
Major Players
*Disclaimer: Major Players sorted in no particular order |
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United States Hospital Supplies Market Analysis
The United States Hospital Supplies Market is expected to register a CAGR of 11.20% during the forecast period.
The major factors driving the growth of the market include increased incidences of communicable diseases coupled with the growing public awareness about hospital-acquired infections, which are contributing to the overall growth of the hospital supplies market. For instance, according to a report published by the Healthcare Journal in January 2023, healthcare-associated infections affected 4% of hospitalized patients in the United States at any given time. Therefore, the high rate of hospital-acquired infections is elevating the need for hospital supplies that can restrict the growth of infection.
Additionally, the rise in chronic diseases such as cardiovascular diseases, cancer, and others requires extended hospital stays and surgeries. For instance, according to a report published by the American Hospital Association in January 2024, a total of 33.6 million people were admitted to US hospitals in 2023. Many of these admissions were due to chronic diseases and critical procedures like heart bypass surgery. Thus, the increasing number of hospital admissions is expected to create the need for hospital supplies and, therefore, boost the country's market.
Increasing government funds toward hospital supplies is increasing the prominence of the market within the United States. For instance, a report published by the US Department of Health and Human Services (HHS) in February 2022 stated that HHS invested USD 250 million in the US-based manufacturing of personal protective equipment (PPE) and USD 950 million in manufacturing the supplies and equipment needed for vaccines, therapeutics, and diagnostic tests. Such instances of government funding are expected to boost the country's market growth, contributing to the overall growth of the market studied.
Therefore, owing to the aforementioned factors, such as increased incidences of communicable diseases, coupled with the growing public awareness about hospital-acquired infections, the market studied is anticipated to witness growth during the forecast period. However, stringent regulatory frameworks and the emergence of home care services are likely to impede market growth.
United States Hospital Supplies Market Trends
Disposable Hospital Supplies Segment is Expected to Witness Growth Over the Forecast Period
Disposable hospital supplies are one-time-use products, such as consumables, medical apparatus, and disposable devices, which are consumed in large figures across all hospitals. These products, such as suction catheters, bandages and wraps, exam gowns, surgical sponges, face masks, hypodermic needles, gloves, and needles, are in continuous use by all hospital professionals in any domain, from cleaning to surgical theaters, as well as administrative departments, in some cases.
The segment’s growth is due to the rising concern of safety and cleanliness against hospital-acquired infections, as well as maintaining hygiene across hospitals, which are expected to drive market growth.
Moreover, according to a report published by the American Hospital Association in May 2024, hospital supplies constituted approximately 10.5% of the average hospital’s budget. Medical supply expenses collectively accounted for USD 146.9 billion in 2023, an increase of USD 6.6 billion over 2022. Such advancement is expected to boost market growth in the country.
According to a report published by the Sage Open Medicine Journal in April 2022, in the United States, approximately 1.7 million hospitalized patients each year acquired healthcare-associated infections (HAIs) or nosocomial infections (NIs) while receiving treatment for other health conditions. Therefore, a high number of infections is elevating the need for more disposable hospital supplies in order to minimize infections and treat patients. This, in turn, is elevating the growth of the market.
Therefore, the disposable hospital supplies segment is expected to witness significant growth over the forecast period due to the rising concern of safety and cleanliness, rising incidence of hospital-acquired infections, and infections.
Sterilization and Disinfectant Equipment is Expected to Register Notable Growth in the Hospital Supplies Market
Sterilization equipment is used to eliminate and disinfect other biological agents. Similarly, disinfectant equipment is used for cleaning that is suitable for sanitizing surfaces- floors, counters, etc. This powerful disinfectant is registered with the Environmental Protection Agency (EPA) as a hospital-level solution that kills bacteria and pathogenic viruses and destroys fungi.
Hospitals are notably spending on supplies to maintain the cleanliness of equipment (such as prevention of healthcare-associated infections), surgical instruments, and staff hygiene. To avoid infections in hospital settings and home care, sterilization, and disinfectant products are in high demand among end users. This is anticipated to drive the segment's growth over the forecast period.
According to a report published by the Chapter Metrics Journal in April 2023, urinary tract infections (UTIs) are bacterial infections that impacted approximately 150 million individuals globally each year. In the United States, it is estimated that 0.9% of all ambulatory patients, equating to 10.5 million people, experience UTI symptoms, and between 2 and 3 million individuals seek treatment in emergency departments. The significant number of individuals experiencing UTI symptoms and seeking treatment is expected to drive the demand for hospital supplies in the United States, supporting market growth during the forecast period.
Additionally, the US Food and Drug Administration (US FDA) is continuing its efforts to support innovation in medical device sterilization. For instance, in June 2022, the FDA launched the EtO Sterilization Master File Pilot Program for premarket approval (PMA) holders of high-risk devices that enables certain changes between sterilization processes and facilities that reduce the amount of ethylene oxide concentrations used to sterilize medical devices without compromising safety and effectiveness. These factors are expected to boost market growth in the country, contributing to the overall growth of the market studied.
Therefore, the sterilization and disinfectant equipment segment is expected to witness significant growth over the forecast period due to the abovementioned factors, such as the increasing number of hospital-acquired infections.
United States Hospital Supplies Industry Overview
The US hospital supplies market is fragmented, with several major players competing for market share. Several key players are currently concentrating on developing innovative products and advancing their technology to expand their global market reach and increase their market share.
The competitive landscape includes an analysis of a few international as well as local companies that hold market shares and are well known, including Boston Scientific Corporation, B Braun SE, 3M, Cardinal Health Inc., and Medtronic PLC.
United States Hospital Supplies Market Leaders
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Cardinal Health Inc.
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Boston Scientific Corporation
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Thermo Fisher Scientific Inc
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B Braun SE
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3M
*Disclaimer: Major Players sorted in no particular order
United States Hospital Supplies Market News
- May 2024: Johnson & Johnson launched the ECHELON LINEAR Cutter. It is one of the first linear cutters to market with combined innovative and proprietary technologies: 3D-Stapling Technology and Gripping Surface Technology.
- April 2024: MOLLI Surgical launched its OncoPen, a minimally invasive surgical tool designed for surgeons to improve outcomes for patients affected with breast cancer.
US Hospital Supplies Market Report - Table of Contents
1. INTRODUCTION
1.1 Study Assumptions
1.2 Scope of the Study
2. RESEARCH METHODOLOGY
3. EXECUTIVE SUMMARY
4. MARKET DYNAMICS
4.1 Market Overview
4.2 Market Drivers
4.2.1 Increasing Incidences of Communicable Diseases
4.2.2 Growing Public Awareness about Hospital Acquired Infections
4.3 Market Restraints
4.3.1 Stringent Regulatory Framework
4.3.2 Emergence of Home Care Services
4.4 Porter's Five Forces Analysis
4.4.1 Threat of New Entrants
4.4.2 Bargaining Power of Buyers/Consumers
4.4.3 Bargaining Power of Suppliers
4.4.4 Threat of Substitute Products
4.4.5 Intensity of Competitive Rivalry
5. MARKET SEGMENTATION (Market Size by Value - USD)
5.1 By Product
5.1.1 Patient Examination Devices
5.1.2 Operating Room Equipment
5.1.3 Mobility Aids and Transportation Equipment
5.1.4 Sterilization and Disinfectant Equipment
5.1.5 Disposable Hospital Supplies
5.1.6 Syringes and Needles
5.1.7 Other Products
6. COMPETITIVE LANDSCAPE
6.1 Company Profiles
6.1.1 Cardinal Health Inc.
6.1.2 Boston Scientific Corporation
6.1.3 B Braun SE
6.1.4 3M
6.1.5 Thermo Fisher Scientific Inc.
6.1.6 Baxter International Inc.
6.1.7 Becton, Dickinson and Company
6.1.8 Medtronic PLC
6.1.9 Johnson & Johnson
6.1.10 GE Healthcare
- *List Not Exhaustive
7. MARKET OPPORTUNITIES AND FUTURE TRENDS
United States Hospital Supplies Industry Segmentation
As per the scope of the report, hospital supplies include every medical utility product that serves both the patient and medical professional with hospital infrastructure and enhances the network and transportation between hospitals. The US hospital supplies market is segmented by product. The product segment is further divided into patient examination devices, operating room equipment, mobility aids and transportation equipment, sterilization and disinfectant equipment, disposable hospital supplies, syringes and needles, and other types. The report offers the value (USD) for the above segments.
| By Product | |
| Patient Examination Devices | |
| Operating Room Equipment | |
| Mobility Aids and Transportation Equipment | |
| Sterilization and Disinfectant Equipment | |
| Disposable Hospital Supplies | |
| Syringes and Needles | |
| Other Products |
US Hospital Supplies Market Research FAQs
What is the current United States Hospital Supplies Market size?
The United States Hospital Supplies Market is projected to register a CAGR of 11.20% during the forecast period (2024-2029)
Who are the key players in United States Hospital Supplies Market?
Cardinal Health Inc., Boston Scientific Corporation, Thermo Fisher Scientific Inc, B Braun SE and 3M are the major companies operating in the United States Hospital Supplies Market.
What years does this United States Hospital Supplies Market cover?
The report covers the United States Hospital Supplies Market historical market size for years: 2021, 2022 and 2023. The report also forecasts the United States Hospital Supplies Market size for years: 2024, 2025, 2026, 2027, 2028 and 2029.
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