The Global Healthcare Consumables Market Will Grow At Highest Pace...

The Global Healthcare Consumables Market Will Grow At Highest Pace Owing To Rising Demand For Advanced Medical Care

Posted 2024-05-15 13:53:43

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The global healthcare consumables market comprises products such as syringes, catheters, bandages, implants, and disposable medical apparel. These disposable medical supplies are indispensable for medical procedures and patient care. Healthcare consumables provide improved access to healthcare and help prevent the spread of infections. The growing geriatric population and rising incidence of chronic diseases have increased the demand for medical care worldwide, driving the need for healthcare consumables.

The Global Healthcare Consumables Market is estimated to be valued at US$ 376.91 Bn in 2024 and is expected to exhibit a CAGR of 11% over the forecast period 2024 to 2031.

Key Takeaways

Key players operating in the global healthcare consumables are Procter & Gamble, B. Braun SE, McKesson Medical-Surgical Inc, Medline Industries Inc., Owens and Minor, Smith And Nephew plc, 3M, Baxter, Fresenius Medical Care AG, Cardinal Health, Terumo Medical Corporation, Honeywell Interational Inc., Dynarex Corporation, Kemei, Unigloves, Argentum Medical, Alliqua Biomedical, AccelHeal, Globus Medical. The growing geriatric population suffering from chronic diseases is increasing the demand for surgical and wound care consumables. Advancements in material sciences are leading to the development of high-performance disposable medical supplies.

Market Trends

The Global Healthcare Consumables Market Demand increasing adoption of single-use consumables to prevent the spread of infections in hospitals and surgical centers is a major trend. Manufacturers are developing more efficient and sustainable disposable products using bioplastics and biodegradable materials.

Market Opportunities

The rising medical tourism in developing nations and increased healthcare spending will drive market growth. Growing demand for minimally invasive procedures is also expected to create opportunities for innovative disposable medical devices over the forecast period.