5 Key Insights On The Hospital Gowns Market 2024
The Business Research Company’s global market reports are now updated with the latest market sizing information for the year 2024 and forecasted to 2033
As per The Business Research Company’s Hospital Gowns Global Market Report 2023, the hospital gowns market is expected to show significant growth in the forecast period.
Rapid Growth in Market Size
- The hospital gowns market has experienced significant growth in recent years.
- From $4.92 billion in 2023, it is projected to reach $5.56 billion in 2024.
- This growth reflects a compound annual growth rate (CAGR) of 13%.
- Key drivers include the need for infection control, hygiene, and patient comfort.
Future Growth Projections
- The market is expected to continue expanding rapidly.
- By 2028, the market size is anticipated to grow to $9.12 billion.
- This represents a CAGR of 13.1% during the forecast period.
- Growth factors include regulatory changes, healthcare infrastructure development, and enhanced gown designs.
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Impact of Rising Hospital Admissions
Increasing Demand for Hospital Gowns
- Rising hospital admissions are a major driver for market growth.
- Factors contributing to increased admissions include population growth, aging demographics, and advancements in medical technology.
- Hospital gowns play a critical role in infection control, patient comfort, and operational efficiency.
Statistics Highlight Growth
- For example, in May 2024, the Australian Institute of Health and Welfare reported a significant increase in elective surgeries.
- A total of 735,500 patients were admitted, marking an 18.1% rise from 2021–2022.
- This surge underscores the growing need for hospital gowns.
Major Companies in the Market
Key Industry Players
- Leading companies in the hospital gowns market include:
- Cardinal Health Inc.
- Medline Industries Inc.
- Kimberly-Clark Corporation
- Stryker Corporation
- Aramark Corporation
- These companies are integral in shaping market trends and innovations.
Innovations in Hospital Gowns
Modest Gowns Enhancing Comfort and Cultural Sensitivity
- Recent innovations focus on modest hospital gowns to improve patient dignity and comfort.
- An example is the new gown launched by Children’s Minnesota in March 2024.
- Features include detachable hijabs, three-quarter-length sleeves, and adjustable closures.
Technological Advances and Sustainability
- The market is also seeing advancements such as antimicrobial properties and smart hospital gowns.
- Emphasis on sustainability and nanotechnology integration is shaping future trends.
Strategic Acquisitions and Market Expansion
Kaiser Permanente and Geisinger Health System
- In April 2024, Kaiser Permanente’s subsidiary, Risant Health, acquired Geisinger Health System.
- This acquisition aims to enhance value-based care and integrate healthcare delivery.
- Geisinger’s expertise in reusable gowns complements Kaiser’s capabilities.
Market Segmentation
Product Types and Usability
- Hospital gowns are categorized into:
- Surgical Gowns
- Non-Surgical Gowns
- Patient Gowns
- They can be disposable or reusable.
Distribution Channels and End Users
- Gowns are distributed through online sales, retail pharmacies, and direct sales.
- Major end users include hospitals, specialty clinics, and other healthcare facilities.
Regional Insights
- North America was the largest market in 2023.
- Asia-Pacific is expected to be the fastest-growing region in the forecast period.
The hospital gowns market is poised for continued growth driven by increasing hospital admissions, innovative product developments, and strategic industry expansions.
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