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Hospital Equipment and Supplies Market

Market Study on Hospital Equipment and Supplies: High Usage of Medical Supplies to Treat Cardiovascular Diseases

Hospital Equipment and Supplies Market by Product (Sterilization Consumables, Wound Care Products, Dialysis Products, Infusion Products and Blood Management & Diagnostic Supplies)

Hospital Equipment and Supplies Market Outlook (2023 to 2033)

The Global Hospital Equipment and Supplies Market recorded a historic CAGR of 3.4% in the last 4 years and reached US$ 204.2 billion in 2022. The market is forecasted to expand at a CAGR of 4.8% and climb to a market valuation of US$ 339.2 billion by the end of 2033.

Increasing number of healthcare facilities, rising surgical procedural volume, and growing demand for disposable supplies to reduce the cases of hospital-acquired infections (HAIs) have driven global market growth to a great extent.

  • According to Persistence Market Research, general disposable products held a market share of 17.2% in 2022.
  • Sales of hospital equipment and supplies accounted for 37.6% revenue share of the global medical devices market in 2022.

Hospital equipment and supplies are essential for the proper functioning of hospitals and clinics. They constitute various devices, instruments, and medical supplies used in hospitals and other healthcare facilities. They are used for various purposes, including treatment, disinfection, sterilization, transportation, and preliminary diagnosis of patients. The last few years have seen rapid growth in this market. Leading companies manufacturing medical supplies are introducing technologically advanced medical equipment to assist doctors in better managing their patients.

Medical equipment plays a vital role in hospitals and helps in the treatment of different medical conditions. Hospitals need quality medical supplies to provide high-quality patient care and save expenses. The disposable products category includes products such as gloves, syringes, wound care products, feeding tubes, surgical packs, and PPE kits, among others, which are widely employed in the healthcare industry. During the COVID pandemic demand for disposable items increased drastically to avoid unnecessary exposure to the virus.

The market is highly fragmented and numerous players are involved in developing cost-effective products to meet the growing demand from the healthcare industry. Market expansion is expected to create enormous opportunities for budding players seeking to be a part of the medical device sector.

Hospital Equipment and Supplies Market Size (2023)

US$ 212.5 Billion

Projected Market Value (2033)

US$ 339.2 Billion

Global Market Growth Rate (2023 to 2033)

4.8% CAGR

Market Share of Top 5 Countries (2022)

60.5%

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Why is the Market for Hospital Equipment and Supplies Growing Steadily?

“High Prevalence of Infectious & Chronic Diseases and Hospital-acquired Infections”

Healthcare is one of the most regulated industries. Globally, billions of surgical procedures and even more invasive medical procedures are performed each year. Governments play a very crucial role in improving healthcare quality and safety. Regulations are established by government authorities to check the quality of care, thus allowing public organizations such as hospitals to achieve improvements in the quality of health services.

Growth in health consciousness among people has enhanced the scope for disposable devices in the healthcare industry. Several benefits associated with medical disposable products, such as cost benefits, minimal sterilization, and low maintenance have made them preferred choices to be utilized in medical procedures. These products are inherently designed and produced to be partially or completely disposable.

Increasing number of HAI cases presents a major challenge to the healthcare industry. However, this growth directly leads to a proportional demand for disposable supplies that aid in the prevention of HAI. Healthcare organizations such as the Joint Commission on the Accreditation of Healthcare Organizations (JCAHO) and the Centers for Disease Control and Prevention (CDC) have been prompting various healthcare facilities to follow standards and protocols strictly, thereby preventing patients’ exposure to potential and life-threatening pathogens.

Increased demand for medical supplies has thus provided global as well as domestic manufacturers of medical supplies a chance to capitalize on the situation and ensure the continuous supply of medical consumables in the market.

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How Can Sales Growth of Hospital Equipment and Supplies Be Affected in Any Way?

“Stringent Government Regulations on Medical Equipment”

Stringent government regulations regarding medical supplies are a key factor that can delay the entry of hospital equipment and supplies into the market. Lack of health insurance and limited funding for purchasing medical equipment also limit market growth to some extent.

Medical devices vary greatly in terms of complexity and application. Various healthcare institutions face issues managing their regulation and reimbursement policies. With the increasing usage of disposable devices and products, effects toward reimbursement coverage and pricing policies & processes have greatly increased the need for attention from health authorities and other stakeholders.

Emerging countries such as China, India, and ASEAN countries do not have equitable arrangements to manage the reimbursement of sophisticated single-use devices (SUDs). Processes currently in place run the risk of encouraging the unfair practice that demands out-of-pocket payments from patients, alongside the dangerously unsafe practice of recycling devices. This is one of the major factors that might restrict market growth over the forecast period.

“Poor Medical Waste Management in Many Countries”

Healthcare waste, on the other hand, includes a substantial quantity of substances that are hazardous in nature. Poor healthcare waste management can result in serious environmental concerns as well as pose a risk to human health.

Healthcare facilities across many emerging countries lack proper waste management processes, including waste segregation, collection, storage and transportation, and waste disposal. Absence of waste management training programs and ignorance among staff and handlers lead to the unsafe handling of waste. Illegal and unsafe recycling, and the open dumping of hazardous hospital waste. This not only poses a threat to human health but also leads to environmental damage.

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Country-wise Insights

Why is the United States a Huge Market for Hospital Equipment and Supplies?

“Growing Surgical Procedure Volume and Increasing Number of Healthcare Facilities”

The United States held 33.2% share of the global market in 2022. The United States has the largest number of key manufacturers of disposable medical supplies in the world. This offers great potential for United States exporters of medical devices and equipment. Additionally, the number of surgical procedures in the country has been on a constant rise. Factors vary from the growing incidence of infectious and chronic diseases to increasing fracture cases, leading to increased demand for all types of hospital supplies and equipment.

  • As per National Institute of Health 2020 statistics, globally, 310 million surgeries are performed yearly at present as compared to 234 million surgeries in 2004. Around 40 to 50 million of these are performed in the United States alone, followed by Europe with nearly 20 million surgeries per year.

Will Germany Be a Lucrative Market for Manufacturers of Hospital Equipment and Supplies?

“High Number of Manufacturers and Increasing Prevalence of Chronic & Infectious Diseases”

Germany held 6.2% share of the global market in 2022. Germany is the largest economy in Europe and the fourth-largest by GDP in the world. The country has a strong healthcare system and is one of the most lucrative markets for healthcare suppliers.

Of the 33 thousand medtech companies in Europe, Germany accounts for the largest share of firms. Companies such as Stryker, Zimmer Biomet, 3M, McKesson, Cardinal Health, and Johnson and Johnson, among many others, have their subsidiaries based out of Germany.

  • As per European Medical Industry statistics 2021, Germany is the largest importer as well as exporter of medical devices, including hospital supplies.

Increasing prevalence of diseases such as cancer, sexually transmitted diseases, and pneumococcal infections, among many others, is anticipated to increase hospital admissions, resulting in the growing demand for hospital equipment and supplies in the country.

  • As per Globocan 2020 data insights, there were nearly 628,000 new cases of cancer in Germany.
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Category-wise Insights

Which Medical Product Accounts for High Revenue Generation?

“Disposal Products - Control Infections and Cross Contamination”

General disposable products held 17.2% of the global market share in 2022.

Medical disposables are products used only once during surgeries and other medical procedures to avoid the risk of infections (including HAIs). They do not require a long sterilization process and can be discarded post-surgery, preventing cross-contamination with other equipment as well as with patients. Increasing surgery volumes globally will lead to the demand growth for general disposable products.

Where are Hospital Equipment and Supplies Used the Most?

“Growing Cases of Cardiovascular Surgeries”

Cardiovascular diseases (CVDs) held 26.1% of the global market share in 2022 due to the high requirement for hospital supplies for the management and therapy of CVDs.

  • As per the World Health Organization (WHO) 2023, cardiovascular disease (CVD) is the dominating cause of mortality globally, with an estimation of 17.9 million deaths annually.

Cerebrovascular disease, rheumatoid heart diseases, and coronary heart disease are among the heart and blood vessel disorders known as CVDs. The medical treatment and management of CVDs employ high usage of medical supplies, especially disposable medical equipment.

Competition Landscape

Collaborations and new product launches are the top strategies being adopted by key players as a business growth strategy.

  • In June 2022, Cardinal Health and Innara teamed up for neonatal feeding development.
  • In January 2022, Ambu launched the new aCart™ platform to further strengthen its global position.
  • In December 2021, GE Healthcare finalized the acquisition of BK Medical. The US$ 3 billion ultrasound business of GE Healthcare expanded with the acquisition to include therapeutic and surgical procedures.

Similarly, the team at Persistence Market Research has tracked recent developments related to companies manufacturing hospital equipment and supplies, which are available in the full report.

Hospital Equipment and Supplies Industry Report Scope

Attribute

Details

Forecast Period

2023 to 2033

Historical Data Available for

2017 to 2022

Market Analysis

US$ Million for Value

Key Countries Covered

  • United States
  • Canada
  • Brazil
  • Argentina
  • Mexico
  • Germany
  • France
  • United Kingdom
  • Italy
  • Spain
  • Russia
  • BENELUX
  • India
  • Thailand
  • Malaysia
  • Indonesia
  • China
  • Japan
  • South Korea
  • Australia
  • New Zealand
  • Türkiye
  • GCC Countries
  • Northern Africa
  • South Africa

Key Market Segments Covered

  • Product
  • Application
  • End User
  • Region

Key Companies Covered

  • Medtronic Plc.
  • Cardinal Health, Inc.
  • 3M Company
  • Halyard Health, Inc.
  • Medline Industries Inc.
  • McKesson Corporation
  • Sempermed USA, Inc.
  • GE Healthcare
  • Johnson & Johnson
  • ThermoFisher Scientific Inc.
  • Honeywell International Inc.
  • Prestige Ameritech
  • Huzza Alpha Borealis Investment Management Ltd
  • Mucambo S.A.
  • B Braun SE
  • Mölnlycke Health Care AB
  • Smiths Group Plc.
  • Ambu A/S
  • Koninklijke Philips N.V.
  • NIPRO Corporation
  • Medtecs International Corp. Ltd.
  • Safe Glove Co. Ltd.
  • Supermax Corporation Berhad
  • Top Glove Corporation Berhad
  • Hartalega Holdings Berhad
  • P.T. Universal Gloves
  • P.T. Arista Latindo
  • Medisafe Technologies
  • Shamrock Manufacturing Co. Inc.
  • Top Quality Malaysia Gloves
  • Ansell Healthcare LLC
  • Mun Global. the Glove Company
  • EAGLE PROTECT
  • Mardar Rubber Factory (MADARY)
  • Asel Tibbi Aletler A.S.
  • Heal ME Medical Equipment Trading

Report Coverage

  • Market Forecast
  • Competition Intelligence
  • DROT Analysis
  • Market Dynamics and Challenges
  • Strategic Growth Initiatives

Customization & Pricing

Available upon Request

Hospital Equipment and Supplies Industry Research Segments

Product

  • Sterilization Consumables
    • Single-Use Sterilization Wraps
    • Sterile Containers
    • Sterilization Paper Bags
    • Sterile Indicators Tape
      • Biological Indicators
      • Bowie Dick Test Packs / Sheets
      • Autoclave Tape
        • Indicator Labels
        • Container Plastic Security Seals
        • Steam Indicator Strips
        • Formaldehyde Indicator Strips
        • Plasma Indicator Strips
        • EO Indicator Strips
        • Plasma Tape
        • EO Tape
    • Sterilization Reels
      • Sterilization Tyvek/Film Reels
      • Others
    • Sterilization Pouches
      • Sterilization Tyvek/Film Pouches
      • Others
  • Wound Care Products
    • Disposable Wound Care Devices
      • Disposable Wound Irrigation Devices
      • Disposable Surgical Wound Drainage/ Evacuators
    • Negative Pressure Wound Therapy Devices (NPWT)
      • Disposable Negative Pressure Wound Therapy Devices (NPWT)
      • Disposable NPWT Accessories / Dressing Kits
        • Foam Dressing Kits
        • Gauze Dressing Kits
    • Traditional Wound Care Products
      • Basic Dressing Sets
      • Bandages
      • Gauzes
      • Gauze Sponges
      • Sponges
    • Advanced Wound Care Products
      • Hydrogel Dressing
        • Antimicrobial Hydrogel Dressings
        • Non-Antimicrobial Hydrogel Dressings
      • Semi-Permeable Films Dressings
        • Semi-Permeable Antimicrobial Films Dressings
          • Antimicrobial Bordered Film Dressings
          • Antimicrobial Non-Bordered Film Dressings
        • Semi-Permeable Non-Antimicrobial Films Dressings
          • Non-Antimicrobial Bordered Film Dressings
          • Non-Antimicrobial Non-Bordered Film Dressings
      • Foam Dressings
        • Antimicrobial Foam Dressings
          • Antimicrobial Bordered Foam Dressings
          • Antimicrobial Non-Bordered Foam Dressings
        • Non Antimicrobial Foam Dressings
          • Non-Antimicrobial Bordered Foam Dressings
          • Non-Antimicrobial Non-Bordered Foam Dressings
      • Alginate Dressings
        • Antimicrobial Alginate Dressings
        • Non Antimicrobial Alginate Dressings
      • Hydrocolloid Dressings
        • Antimicrobial Hydrocolloid Dressings
        • Non-Antimicrobial Hydrocolloid Dressings
      • Collagen Dressing
        • Antimicrobial Collagen Dressings
        • Non-Antimicrobial Collagen Dressings
      • Wound Contact Layer
        • Antimicrobial Wound Contact Layers
        • Non-Antimicrobial Wound Contact Layers
      • Super Absorbent Dressings
        • Antimicrobial Super Absorbent Dressings
        • Non-Antimicrobial Super Absorbent Dressings
      • Hydrofibers
        • Antimicrobial Hydrogel Dressings
        • Non-Antimicrobial Hydrogel Dressings
  • Dialysis Products
    • Concentrates & Solutions
      • Liquid Concentrates
      • Powder Concentrates
    • Bloodlines System & Disposable Catheters
      • Foley Urinary Catheters
        • Silicon Foley Catheters
        • Others
      • Dialysis Catheters
        • PICC- Peripherally Inserted Central Catheters
        • Peripheral Intravenous Catheters (PIVC)
        • Central Venous Catheters (CVC)
    • Disposable Dialyzers
      • Low Flux Single Use Dialyzers
      • High Flux Single Use Dialyzers
    • Dialysis Consumables
      • Dialysis Fistula Needles
      • Dialysis Drainage Bag/ Urine Collection Bags
    • Critical Care Products
      • Dialysis Care Kits
      • Disposable Blood Pressure Transducers
  • Infusion Products
    • Disposable Infusion Sets
    • Disposable Infusion Pumps
    • Disposable Accessories
      • Disposable Needles
      • IV Catheters & Cannulas
      • Disposable Syringes
        • Smart Syringes
        • Prefilled Syringes
    • Disposable Pressure Infusion Bags
  • Hypodermic Products & Radiology Products
    • Hypodermic Products
      • Hypodermic Needles & Syringes
      • Safety Disposable Needles
    • Radiology Products
  • Intubation & Respiratory Supplies
    • Airway Management Tubes
      • Surgical Suction Products
        • Suction Tubing
        • Yankeur Suction Sets
        • Suction Catheters
          • Open Suction Catheters
          • Closed Suction Catheters
      • Endobronchial Tubes
      • Endotracheal Tubes
      • Nasal Airway Tubes
      • Oral Airway Tubes (Guedel Airway)
      • Tracheostomy Tubes
      • Laryngeal Mask Airway
    • Intubation Accessories
    • Nasal Cannula
      • Standard Nasal Cannulas
      • High Flow Nasal Cannulas
      • etCO2 Sampling Cannulas
    • Breathing Circuits
    • Breathing Filters
    • Respiratory Masks
      • Anesthesia Masks
      • Oxygen Masks
      • High Flow Oxygen Masks
      • CPAP Masks
      • Nebulizer Masks
    • Manual Resuscitator Bags
    • Tracheal Swivel Connectors
    • Catheter Mounts
    • Oxygen Tubing
  • Surgical Procedure Kits & Trays
    • Disposable Surgical Trays
      • Laparoscopic Trays
      • Laceration Trays
      • Ent and Ophthalmic Custom Trays
      • Custom Ob/Gynae Kits
      • Hysterectomy Kits
      • Open Heart Surgery Kits & Angiography/ Angioplasty/ Catheterization Kits
      • Lumbar Puncture Trays
      • Biopsy Trays
    • Disposable Surgical Kits
      • Suture Removal Kits
      • Dressing Kits
      • Orthopedic Kits & Trays
      • Anesthesia Kits
    • Surgical Packs
      • Angiography Surgical Packs
      • Laparotomy Surgical Packs
      • Universal Surgical Packs
      • C-Section Surgical Packs
      • Lithotomy Surgical Packs
      • Orthopedic Surgical Packs
    • Others
  • Blood Management & Diagnostic Supplies
    • Disposable Blood Bags
      • Collection Bags
        • Single Collection Bags
        • Double Collection Bags
        • Triple Collection Bags
        • Quadruple Collection Bags
      • Transfer Bags
    • Diagnostic Kits
      • Glucose Monitoring Strips
      • Blood Lancets
      • Blood Collection Needle
      • Blood/Specimen Collection Test Tubes
      • Swabs
      • Disposable ECG Consumables
        • Disposable ECG Electrodes
        • ECG Thermal Paper
      • Non Invasive Blood Pressure (NIBP) Cuff
        • Disposable
        • Reusable
      • Sp02 Sensor
        • Disposable
        • Reusable
      • Ultrasound Disposables
        • Ultrasound Probe Cover
        • Ultrasound Gel
  • General Disposable Products
    • Disposable Apparel/Medical Protective Equipment
      • Disposable Masks
        • Surgical Masks
          • Basic Surgical Masks
          • Anti-Fog Foam Surgical Masks
          • Fluid/Splash Resistant Surgical Masks
          • Anesthesia Masks
          • Others
        • Respirator Masks
          • Single Strap Masks
          • Filter Dust Masks
          • Half-Face Masks
          • Full-Face Masks
          • PAPRs
      • Disposable Gowns
        • Surgical Gowns
        • Non-Surgical Gowns
        • Isolation Gowns
      • Disposable Drapes and Aprons
        • Incise
        • Sheets/Bedsheets
        • Laparoscopy
        • Lithotomy
        • Laparotomy
        • Leggings
        • Others
      • Face Shields
        • Anti-Fog Face Shields
        • Anti-Glares Face Shields
        • Others
      • Disposable Gloves
        • Examination Gloves
        • Surgical Gloves
      • Surgeon Caps
      • Others
    • Disposable Incontinence Products
      • Maceratable Products
      • Adult Diapers
      • Underpads
      • Others
    • Gastroenterology Disposables
      • Feeding Bags
      • Feeding Tubes
    • Holloware
  • Equipment
    • Digital Flat Scale
    • Digital Baby Scale
    • Infantometers
    • Stadiometers
    • Measuring Tape
    • Rotatory Sealers
    • Blood Pressure Monitors
    • Wireless Fetal Monitoring Systems
    • Vein Viewers
    • Glucose Monitors

Application

  • Cardiovascular
  • Cerebrovascular
  • Dental
  • Laparoscopy
  • Gynecology
  • Urology
  • Orthopedics
  • Others

End User

  • Hospitals
    • Tier 1 Hospitals (>500 Beds)
    • Tier 2 Hospitals (250 to 500 Beds)
    • Tier 3 Hospitals (<250 Beds)
  • Ambulatory Surgical Centers
  • Clinics
  • Diagnostic Centers
  • Long Term Care Centers
  • Nursing Facilities

Region

  • North America
  • Latin America
  • Europe
  • South Asia
  • East Asia
  • Oceania
  • Middle East and Africa (MEA)

- Companies Covered in This Report -

  • Medtronic Plc.
  • Cardinal Health, Inc.
  • 3M Company
  • Halyard Health, Inc.
  • Medline Industries Inc.
  • McKesson Corporation
  • Sempermed USA, Inc.
  • GE Healthcare
  • Johnson & Johnson
  • ThermoFisher Scientific Inc.
  • Honeywell International Inc.
  • Prestige Ameritech
  • Huzza Alpha Borealis Investment Management Ltd.
  • Mucambo S.A.
  • B. Braun SE
  • Mölnlycke Health Care AB
  • Smiths Group Plc.
  • Ambu A/S
  • Koninklijke Philips N.V.
  • NIPRO Corporation
  • Medtecs International Corp. Ltd.
  • Safe Glove Co. Ltd.
  • Supermax Corporation Berhad
  • Top Glove Corporation Berhad
  • Hartalega Holdings Berhad
  • P.T. Universal Gloves
  • P.T. Arista Latindo
  • Medisafe Technologies
  • Shamrock Manufacturing Co. Inc.
  • Top Quality Malaysia Gloves
  • Ansell Healthcare LLC
  • Mun Global the Glove Company
  • EAGLE PROTECT
  • Mardar Rubber Factory (MADARY)
  • Asel Tibbi Aletler A.S.
  • Heal ME Medical Equipment Trading

- Frequently Asked Questions -

The global hospital equipment and supplies market was valued at US$ 204.2 billion in 2022.

Sales of hospital equipment and supplies are set to reach a valuation of US$ 339.2 billion by 2033.

Demand for hospital equipment and supplies increased at 3.4% CAGR from 2017 to 2022.

The market for hospital equipment and supplies is projected to grow at a CAGR of 4.8% between 2023 and 2033.

The U.S., China, India, Germany, and the U.K. cumulatively accounted for 60.5% market share in 2022.

The U.S. accounted for 33.2% share of the global market in 2022.

Germany held 6.2% share of the global market in 2022.

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