The Business Research Company’s global market reports are now updated with the latest market sizing information for the year 2023 and forecasted to 2032

The Business Research Company’s disposable hospital supplies market report forecasts the disposable hospital supplies market size to grow to $36.29 Billion by 2027, with a CAGR (compound annual growth rate) of more than 5%.

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Disposable Hospital Supplies Market Size Forecast

The global disposable hospital supplies market is expected to grow from $27.97 billion in 2022 to $29.7 billion in 2023 at a compound annual growth rate (CAGR) of 6.2%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The global disposable hospital supplies market size is expected to grow to $36.29 billion in 2027 at a CAGR of 5.1%.

North America held the largest disposable hospital supplies market share.

Key Disposable Hospital Supplies Market Driver ­– Increase In Number Of COVID-19 Cases Globally

According to the World Health Organization report published on the 3rd July 2020, there were 10,719,946 COVID-19 confirmed cases including 323,412 deaths globally. Therefore, the rise in the number of cases across the globe and the growing need for healthcare workers to be protected against the spread of the virus are anticipated to boost the demand for the disposable hospital supplies market over the forecast period.

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Key Disposable Hospital Supplies Market Trend – Increasing Production Capacities By Various Players

The increase in production capacities by various players dealing in the disposable hospital supplies market amid coronavirus outbreaks is a leading trend shaping the growth of the industry. For instance, on 15th May 2020, Honeywell announced plans to build a new production line in Scotland, UK with the capacity of producing 4.5 million FFP3 and FFP2 disposable face masks every month. These masks are likely to assist the UK government’s response to the COVID-19 outbreak. Thus, the expansion of production capacities to meet the increased demand for disposable medical supplies is projected to generate higher revenues for the market during 2020.

Disposable Hospital Supplies Market Segment

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 & Ventilation Supplies, Hypodermic Products, Sterilization Consumables, Non-Woven Medical Supplies, Wound Care Consumables, Other Products

3) By End-Users: Hospitals, Clinics/Physician Offices, Assisted Living Centers & Nursing Homes, Ambulatory Surgery Centers, Research Institutes

Disposable Hospital Supplies Market Major Players and Strategies

Major players in the disposable hospital supplies market are Abbott Laboratories, Bayer AG, Becton, Dickinson and Company, Cardinal Health Incorporated, Domtar Corporation, 3M, Stryker Corp., Hill-Rom Holdings Inc., Steris Corp., and Getinge AB.

In April 2020, Eclipse Automation Inc. announced a collaboration with Harmontronics Automation of Suzhou, China to manufacture, distribute and sell the Harmontronics fully automated N95 Vertical Flat-Fold Respirator Mask production line system across North America. Harmontronics Automation is a factory automation solution provider for small and precise product manufacturing.

The Disposable Hospital Supplies Global Market Report 2023 covers regional data on disposable hospital supplies market size, disposable hospital supplies market trends and drivers, opportunities, strategies, and disposable hospital supplies market competitor analysis. The countries covered in the disposable hospital supplies market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, the UK, and the USA, and the major seven regions are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, the Middle East, and Africa.

Disposable hospital supplies are medical devices that are only intended for one-time use. These products are essential components in hospitals as these devices save time and reduce health-related costs.

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