PUBLISHER: The Business Research Company | PRODUCT CODE: 1751045
PUBLISHER: The Business Research Company | PRODUCT CODE: 1751045
Medical low-value consumables are inexpensive, single-use products frequently used in healthcare environments, including gloves, bandages, syringes, and masks. These disposable items are vital for everyday medical procedures but do not significantly contribute to the revenue of healthcare systems due to their low cost.
Note that the outlook for this market is being affected by rapid changes in trade relations and tariffs globally. The report will be updated prior to delivery to reflect the latest status, including revised forecasts and quantified impact analysis. The report's Recommendations and Conclusions sections will be updated to give strategies for entities dealing with the fast-moving international environment.
The primary types of medical low-value consumables include syringes, needles, gloves, bandages, and catheters. Syringes are crucial medical instruments for injecting or withdrawing fluids from the body. They are made from various materials such as plastic, glass, metal, biodegradable substances, and synthetic polymers. These consumables are categorized by usage types, including single-use, reusable, disposable, and repairable products. They are utilized by a broad range of end-users, including hospitals, clinics, diagnostic labs, home care settings, and research laboratories.
The medical low value consumables market research report is one of a series of new reports from The Business Research Company that provides medical low value consumables market statistics, including the medical low value consumables industry global market size, regional shares, competitors with the medical low value consumables market share, detailed medical low value consumables market segments, market trends, and opportunities, and any further data you may need to thrive in the medical low value consumables industry. This medical low value consumables market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenarios of the industry.
The medical low value consumables market size has grown strongly in recent years. It will grow from$12.46 billion in 2024 to $13.26 billion in 2025 at a compound annual growth rate (CAGR) of 6.4%. The growth observed during the historic period can be attributed to factors such as higher healthcare expenditure, growing demand for disposable medical products, an increase in chronic diseases, a greater emphasis on infection control, and a rise in the number of surgical procedures.
The medical low value consumables market size is expected to see strong growth in the next few years. It will grow to$16.78 billion in 2029 at a compound annual growth rate (CAGR) of 6.1%. The growth projected for the forecast period can be attributed to factors such as the aging population, expanded healthcare access in emerging markets, an increase in outpatient surgeries, heightened awareness of hygiene and safety standards, and a growing demand for cost-effective medical solutions. Key trends during the forecast period include advancements in automation and packaging technologies, innovations in materials for enhanced safety, development of eco-friendly and sustainable consumables, creation of custom-designed low-value consumables, and progress in point-of-care diagnostic consumables.
The rising prevalence of chronic diseases is expected to drive the growth of the medical low value consumables market. Chronic diseases are long-term conditions that typically progress slowly, such as diabetes, heart disease, and cancer. The increase in chronic diseases is primarily driven by lifestyle changes and environmental factors, including poor diet, lack of physical activity, and prolonged exposure to harmful substances, all of which elevate the risk of these conditions. Medical low value consumables contribute to the growing prevalence of chronic diseases by promoting overuse or improper use of healthcare resources, leading to misdiagnosis, delayed treatments, and unnecessary interventions. For example, in December 2023, the Australian Bureau of Statistics, an Australian government agency, reported that 81.4% of people had at least one long-term health condition, and 49.9% had at least one chronic condition. Therefore, the increasing prevalence of chronic diseases is propelling the growth of the medical low value consumables market.
Leading companies in the medical low value consumables market are focusing on innovations such as glass prefillable syringes to improve drug delivery efficiency, enhance patient safety, and meet the growing demand for ready-to-use injectable solutions in both hospital and outpatient settings. Glass prefillable syringes are sterile, ready-to-fill syringes made of glass, used for packaging and administering injectable drugs. These syringes offer high chemical resistance, compatibility with a wide range of medications, and help reduce the risk of drug contamination. For instance, in September 2022, Becton, Dickinson and Company (BD), a US-based medical technology company, launched the BD Effivax Glass Prefillable Syringe. The design improvements of this syringe reduce production line stoppages and enhance container reliability, resulting in better manufacturing efficiency and cost optimization. The syringe facilitates faster administration, supports dose sparing, reduces vaccine waste, and is compatible with advanced vaccines such as mRNA formulations, which require ultra-cold storage (down to -75°C).
In July 2024, Owens & Minor Inc., a US-based healthcare company, acquired Rotech Healthcare Holdings Inc. for $1.32 billion. This acquisition allows Owens & Minor to strengthen its position in the home respiratory and medical equipment market, enhancing its ability to provide end-to-end healthcare solutions. Rotech Healthcare Holdings Inc. is a US-based company offering medical low value consumables.
Major players in the medical low value consumables market are Johnson & Johnson, F. Hoffmann-La Roche Ltd., 3M Company, Medtronic plc, Danaher Corporation, Siemens Healthineers AG, Fresenius SE & Co., Koninklijke Philips N.V., Becton, Dickinson and Company (BD), GE HealthCare Technologies Inc., Boston Scientific Corporation, Smith & Nephew plc, Nipro Corporation, Paul Hartmann AG, Ansell Limited, Halyard Health Inc., Blue Sail Medical Co. Ltd., B. Braun Melsungen AG, PW MedTech Group Limited, Allmed Medical Products Co. Ltd.
North America was the largest region in the medical low-value consumables market in 2024. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in medical low-value consumables report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa.
The countries covered in the medical low-value consumables market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Canada, Italy, Spain.
The medical low-value consumables market consists of sales of personal protective equipment, surgical and wound care items, diagnostic and monitoring tools. Values in this market are 'factory gate' values, that is, the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors, and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.
The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified).
The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.
Medical Low Value Consumables Global Market Report 2025 from The Business Research Company provides strategists, marketers and senior management with the critical information they need to assess the market.
This report focuses on medical low value consumables market which is experiencing strong growth. The report gives a guide to the trends which will be shaping the market over the next ten years and beyond.
Where is the largest and fastest growing market for medical low value consumables ? How does the market relate to the overall economy, demography and other similar markets? What forces will shape the market going forward? The medical low value consumables market global report from the Business Research Company answers all these questions and many more.
The report covers market characteristics, size and growth, segmentation, regional and country breakdowns, competitive landscape, market shares, trends and strategies for this market. It traces the market's historic and forecast market growth by geography.
The forecasts are made after considering the major factors currently impacting the market. These include the Russia-Ukraine war, rising inflation, higher interest rates, and the legacy of the COVID-19 pandemic.