PUBLISHER: The Business Research Company | PRODUCT CODE: 1760607
PUBLISHER: The Business Research Company | PRODUCT CODE: 1760607
Medical consumables are single-use products that are crucial in healthcare for supporting patient care and treatment. Their primary function is to prevent infection, maintain hygiene, and aid in the effective management of medical conditions. Designed for one-time use, they reduce the risk of cross-contamination and help preserve sterile environments. These consumables are essential in routine medical procedures as well as in emergency situations.
The main categories of medical consumables include medical gloves, intravenous (IV) kits, medical gauze and tapes, disposable syringes, sharps disposal containers, catheters, non-woven disposable products, surgical blades, medicine cups, and others. Medical gloves, which are made from materials such as latex, nitrile, or vinyl, are crucial disposable protective equipment used by healthcare professionals to prevent infection and ensure hygiene during medical procedures. They are used in various applications, including surgical, diagnostic, wound care, infection control, cardiology, urology, oncology, respiratory care, intravenous (IV) therapy, and diabetes management. These products are utilized by a variety of end-users, including hospitals, home healthcare providers, and others.
The medical consumables market research report is one of a series of new reports from The Business Research Company that provides medical consumables market statistics, including the medical consumables industry global market size, regional shares, competitors with the medical consumables market share, detailed medical consumables market segments, market trends, and opportunities, and any further data you may need to thrive in the medical consumables industry. This medical consumable 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 consumables market size has grown rapidly in recent years. It will grow from $401.38 billion in 2024 to $448.74 billion in 2025 at a compound annual growth rate (CAGR) of 11.8%. The growth observed in the historical period can be linked to the rise in surgical procedures, the increasing prevalence of infectious diseases, a higher demand for basic protective equipment, more hospital admissions, and greater awareness of hygiene practices.
The medical consumables market size is expected to see rapid growth in the next few years. It will grow to $691.83 billion in 2029 at a compound annual growth rate (CAGR) of 11.4%. The anticipated growth in the forecast period is driven by factors such as the expanding geriatric population, increased demand for home healthcare, a stronger focus on chronic disease management, broader health insurance coverage, and a growing emphasis on outpatient services. Key trends expected in the forecast period include advancements in material design technology, innovations in biodegradable medical consumables, increased investment in research and development, the development of smart consumable devices, and progress in packaging and sterilization methods.
The increasing prevalence of chronic diseases is expected to drive the growth of the medical consumables market in the future. Chronic diseases are long-term health conditions that develop gradually and often require ongoing medical management. The rise in such diseases is linked to more sedentary lifestyles, where lack of physical activity contributes to conditions such as obesity, which in turn increases the risk of other diseases. Medical consumables play a crucial role in the continuous treatment and monitoring of chronic conditions, ensuring hygiene and preventing complications. These consumables are essential for managing symptoms, preventing infections, and improving patient comfort and recovery. For example, in February 2024, the World Health Organization, a Switzerland-based intergovernmental body, projected that over 35 million new cancer cases would be reported by 2050, marking a 77% increase from the estimated 20 million cases in 2022. Consequently, the rising incidence of chronic diseases is fueling the growth of the medical consumables market.
Leading companies in the medical consumables market are focused on developing innovative products such as sustainable nitrile gloves to meet the growing demand for eco-friendly healthcare solutions. Sustainable nitrile gloves are eco-friendly disposable gloves made from synthetic rubber that are designed to break down more quickly in the environment. These gloves offer enhanced durability, puncture resistance, and chemical protection compared to traditional gloves, while reducing the environmental impact of single-use medical products. For example, in September 2024, Mun Australia, a medical glove manufacturing and distribution company based in Australia, launched GloveOn COATS, biodegradable nitrile examination gloves. These gloves feature a special inner lining with colloidal oatmeal that helps soothe and moisturize the skin, reducing the risk of contact dermatitis. GloveOn COATS also includes an organic additive that speeds up biodegradation in landfills, offering a more sustainable alternative. This product combines high-performance hand protection with skin health benefits and a reduced environmental footprint, making it an excellent choice for healthcare professionals seeking both safety and sustainability.
In July 2023, Stratec SE, a Germany-based medical technology company, acquired Natech Plastics for an undisclosed sum. This acquisition strengthens Stratec's capabilities in producing advanced polymer-based consumables for medical diagnostics and life sciences applications, reinforcing its position as a major player in the medical consumables and OEM solutions markets. Natech Plastics Inc., a US-based manufacturer, specializes in smart polymer-based consumables for medical applications.
Major players in the medical consumables market are Cardinal Health Inc., Thermo Fisher Scientific Inc., 3M Company, Medline Industries LP, Fresenius Medical Care, Becton Dickinson and Company (BD), Baxter International Inc., Owens & Minor Inc., Terumo Corporation, Smith & Nephew plc, Nipro Corporation, Draegerwerk AG & Co. KGaA, Coloplast A/S, Teleflex Incorporated, Molnlycke Health Care AB, ConvaTec Group PLC, Ansell Limited, Lohmann & Rauscher GmbH & Co. KG, GPC Medical Ltd., Hindustan Syringes & Medical Devices Ltd.
North America was the largest region in the medical consumables market in 2024. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in medical consumables report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa.
The countries covered in the medical consumables market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Canada, Italy, Spain.
The medical consumables market consists of sales of surgical drapes, cotton swabs, alcohol prep pads, blood collection tubes, specimen containers, and adhesive dressings. 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 and 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 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 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 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 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.