United States Hospital Supplies Market Size (2024 - 2029)

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 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.