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2025 Market Reports Update: Market Size Forecasts to 2034, Key Trends, Leading Players, and Top Regions – Get Ahead of the Competition Today!
What Industry-Specific Factors Are Fueling the Growth of theHospital Supplies Market?
The increasing number of hospitals is expected to drive the hospital supplies market. Hospitals require an extensive range of medical supplies to provide quality care. For instance, the American Hospital Association reported that the number of hospitals in the U.S. grew to 6,129 in May 2023, compared to 6,093 in 2022, leading to higher demand for hospital supplies.
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#How Will the CAGR of the Hospital Supplies Market Influence Its Overall Growth by 2034?
The hospital supplies market has experienced strong growth in recent years. It is projected to rise from $52.4 billion in 2024 to $56.15 billion in 2025, reflecting a CAGR of 7.1%. The growth in the historic period can be linked to developments in healthcare infrastructure, the aging population, regulatory compliance, economic growth, and advances in medical device and supply technology.
The hospital supplies market is anticipated to see robust growth in the coming years, projected to reach $71.94 billion by 2029, with a CAGR of 6.4%. Growth drivers include pandemic preparedness, the expansion of telemedicine and remote monitoring, sustainability initiatives, value-based care, and growth in emerging markets. Key trends in the forecast period will include single-use medical devices, remote supply chain management, 3D printing of medical supplies, smart hospital supplies, and customized solutions.
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How Are Market Trends and Innovations Revolutionizing theHospital Supplies Industry in Recent Times?
Major players in the hospital supplies market are developing innovative products like the AESCULAP Aicon Sterile Container System to increase profitability. Launched in March 2022 by Aesculap Inc., a US-based manufacturer of surgical instruments, this system helps streamline processes, reducing the likelihood of wetting. The system ensures 100% sterilization and minimizes the risk of surgical delays in operating rooms caused by unready sets.
Which Companies Are Leading the Charge in Expanding theHospital Supplies Market Growth?
Major companies operating in the hospital supplies market include Becton, Dickinson and Company, B. Braun Melsungen AG, Steris plc, Baxter International Inc., Stryker Corporation, Cardinal Health Inc., Hill-Rom Holdings Inc., Terumo Corporation, Medtronic plc, 3M Company, CVS Health Corporation, McKesson Corporation, Cencora Inc., GE HealthCare Technologies Inc., Koninklijke Philips NV, Boston Scientific Corporation, Danaher Corporation, Varian Medical Systems Inc., Dentsply Sirona Inc., Masimo Corporation, Olympus Corporation, ResMed Inc., Smith & Nephew plc, Align Technology Inc., The Cooper Companies Inc., Teleflex Incorporated, Waters Corporation, West Pharmaceutical Services Inc., Straumann Group, Fresenius Medical Care AG & Co KGaA.
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How is the Global Hospital Supplies Market Segemented?
The hospital supplies market covered in this report is segmented –
1) By Type: Disposable Hospital Supplies, Sterilization Equipment And Disinfectants, Mobility Aids And Transportation Equipment, Operating Room Equipment
2) By End User: Hospitals And Clinics, Diagnostic Laboratories, Other End Users
3) By Type of Expenditure: Public, Private
4) By Product: Instruments Or Equipment, Disposables
Subsegments:
1) By Disposable Hospital Supplies: Surgical Masks, Gloves, Drapes And Gowns, IV Consumables, Wound Care Products
2) By Sterilization Equipment And Disinfectants: Sterilizers (Autoclaves), Disinfectants Andsanitizers, Sterilization Indicators, UV Sterilizers
3) By Mobility Aids And Transportation Equipment: Wheelchairs, Walkers, Crutches, Patient Lifts, Stretchers
4) By Operating Room Equipment: Surgical Tables, Operating Room Lights, Surgical Instruments, Anesthesia Machines, Patient Monitors
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Which Geographics are Influencing the Growth of the Hospital Supplies Market?
Asia-Pacific was the largest region in the global hospital supplies market in 2023. North America was the second largest region in the global hospital supplies market. The regions covered in the hospital supplies market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, and Africa.
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