The Worldwide Hospital Consumables Industry is Expected to Reach $713.1 Billion by 2028 – Yahoo Finance

Share Article

Dublin, Dec. 29, 2021 (GLOBE NEWSWIRE) — The "Global Hospital Consumables Market Size, Share & Trends Analysis Report by Product (Non-woven Disposable Products, Disposable Medical Gloves), Region (North America, APAC), and Segment Forecasts, 2021-2028" report has been added to ResearchAndMarkets.com's offering.

The global hospital consumables market is expected to reach USD 713.1 billion by 2028, registering a CAGR of 10.89% over the forecast period, according to the report.
Hospitals, private medical practices, and patients, especially in developed nations, are gradually shifting towards utilization of disposable hospital consumables due to convenience and safety offered by these products. Therefore, the product demand is rapidly increasing across the globe, thereby driving market growth. Moreover, the increasing prevalence of Hospital-Acquired Infections (HAIs) is creating high product demand in hospitals as well as other healthcare settings.

For instance, out of every 100 hospitalized patients, 7 in developed and 10 in developing countries are affected with at least one Healthcare-associated Infections (HCAIs). Several measures, including the usage of disposable & sterile products, disposable gloves, medical gauze, tapes, procedure kits & trays, and other disposable hospital consumables, are now being utilized to prevent and reduce the prevalence of HAIs. Moreover, expanding infrastructure and rising demand for maintenance & hygiene in healthcare institutes are further boosting the market growth.

Many hospitals and health care centers are considerably focusing on upgrading the quality of infrastructure, maintaining hygiene, and efficacy of operational systems, which will have a positive impact on the market growth. In addition, a large population base in developed countries, such as the U.S., is able to spend and afford better-quality healthcare. According to CMS.gov, the U.S. healthcare expenditure grew 4.6% in 2019, reaching USD 3.8 trillion or USD 11,582 per person, accounting for 17.7% of the nation's GDP. Thus, increasing healthcare expenditure is also one of the key factors stimulating market growth.

Hospital Consumables Market Report Highlights
The non-woven disposable products segment held the largest revenue share in 2020 and will expand at a steady CAGR over the forecast years retaining the leading market position
This growth is credited to the high prevalence of HAIs and subsequently rising hospital admissions for surgeries
The market in the Asia Pacific region is expected to register the fastest CAGR from 2021 to 2028
This growth is owing to the increasing population coupled with the rapid expansion of the medical tourism sector in the region
Key players focus more on business strategies, such as mergers & acquisitions, partnerships, and new product launches, to strengthen their foothold in the global market
Key Topics Covered:

Chapter 1. Research Methodology

Chapter 2. Objectives
Chapter 3. Executive Summary
3.1 Market Outlook
3.2 Segment Outlook
3.3 Competitive Insights
3.3.1 Market Segmentation
3.4 Market Snapshot

Chapter 4. Hospital Consumables Market Variables, Trends & Scope
4.1 Market Lineage Outlook
4.1.1 Parent Market
4.1.2 Ancillary Market
4.2 Penetration & Growth Prospect Mapping
4.3 Market Dynamics
4.3.1 Market Driver Analysis
4.3.1.1 Increasing prevalence of chronic diseases leading to longer hospital stays
4.3.1.2 Rising demand for minimally invasive procedures
4.3.1.3 Increasing geriatric population
4.3.2 Market Restraint Analysis
4.3.2.1 Delayed market entry of medical consumable products
4.4 Hospital Consumables Market Analysis Tools
4.4.1 SWOT Analysis, by PEST
4.4.2 Porter's five forces analysis

Chapter 5. Hospital Consumables Market: Segment Analysis, By Product, 2016 – 2028 (USD Million)
5.1 Definitions & Scope
5.2 Product Market Share Analysis, 2020 & 2028
5.3 Hospital Consumables Market, by Product, 2016 to 2028
5.4 Market Size Forecasts and Trend Analysis
5.4.1 Disposable Medical Gloves
5.4.1.1 Disposable Medical Gloves Market, 2016 – 2028 (USD Million)
5.4.2 IV Kits
5.4.2.1 IV Kits Market, 2016 – 2028 (USD Million)
5.4.3 Medical Gauze & Tapes
5.4.3.1 Medical Gauze & Tapes Market, 2016 – 2028 (USD Million)
5.4.4 Disposable Syringes
5.4.4.1 Disposable Syringes Market, 2016 – 2028 (USD Million)
5.4.5 Sharps Disposable Containers
5.4.5.1 Sharps Disposable Containers Market, 2016 – 2028 (USD Million)
5.4.6 Catheters
5.4.6.1 Catheters Market, 2016 – 2028 (USD Million)
5.4.7 Non-woven Disposable Products
5.4.7.1 Non-woven Disposable Products Market, 2016 – 2028 (USD Million)
5.4.8 Surgical Blades
5.4.8.1 Surgical Blades Market, 2016 – 2028 (USD Million)
5.4.9 Medicine Cups
5.4.9.1 Medicine Cups Market, 2016 – 2028 (USD Million)
5.4.10 Cannula
5.4.10.1 Cannula Market, 2016 – 2028 (USD Million)
5.4.11 Guidewires
5.4.11.1 Guidewires Market, 2016 – 2028 (USD Million)
5.4.12 Thermometer
5.4.12.1 Thermometer Market, 2016 – 2028 (USD Million)
5.4.13 Stethoscope
5.4.13.1 Stethoscope Market, 2016 – 2028 (USD Million)
5.4.14 Glucometer Strips
5.4.14.1 Glucometer Strips Market, 2016 – 2028 (USD Million)
5.4.15 IV Solutions
5.4.15.1 50 ml Market
5.4.15.1.1 50 ml Market, 2016 – 2028 (USD Million)
5.4.15.2 100 ml Market
5.4.15.2.1 100 ml Market, 2016 – 2028 (USD Million)
5.4.15.3 250 ml Market
5.4.15.3.1 250 ml Market, 2016 – 2028 (USD Million)
5.4.15.4 500 ml Market
5.4.15.4.1 500 ml Market, 2016 – 2028 (USD Million)
5.4.15.5 1000 ml Market
5.4.15.5.1 1000 ml Market, 2016 – 2028 (USD Million)
5.4.16 BP Monitors
5.4.16.1 BP Monitors Market, 2016 – 2028 (USD Million)
5.4.17 Procedure Trays
5.4.17.1 Procedure Trays Market, 2016 – 2028 (USD Million)
5.4.18 Others
5.4.18.1 Other's Market, 2016 – 2028 (USD Million)

Chapter 6. Hospital Consumables Market: Regional Market Analysis, By Product, 2016 – 2026 (USD Million)
Chapter 7. Hospital Consumables Market: Competitive Analysis
7.1 Company Profiles
7.1.1 McKesson Medical-Surgical Inc.
7.1.1.1 Company Overview
7.1.1.2 Financial performance
7.1.1.3 Product Benchmarking
7.1.1.4 Strategic Initiatives
7.1.2 Medline Industries, Inc.
7.1.2.1 Company Overview
7.1.2.2 Financial performance
7.1.2.3 Product Benchmarking
7.1.2.4 Strategic Initiatives
7.1.3 B. Braun Melsungen A.G.
7.1.3.1 Company Overview
7.1.3.2 Financial performance
7.1.3.3 Product Benchmarking
7.1.3.4 Strategic Initiatives
7.1.4 Terumo Medical Corporation
7.1.4.1 Company Overview
7.1.4.2 Financial performance
7.1.4.3 Product Benchmarking
7.1.4.4 Strategic Initiatives
7.1.5 Owens and Minor
7.1.5.1 Company Overview
7.1.5.2 Financial performance
7.1.5.3 Product Benchmarking
7.1.5.4 Strategic Initiatives
7.1.6 Smith and Nephew, Inc.
7.1.6.1 Company Overview
7.1.6.2 Financial performance
7.1.6.3 Product Benchmarking
7.1.6.4 Strategic Initiatives
7.1.7 Cardinal Health
7.1.7.1 Company Overview
7.1.7.2 Financial performance
7.1.7.3 Product Benchmarking
7.1.7.4 Strategic Initiatives
7.1.8 3M
7.1.8.1 Company Overview
7.1.8.2 Financial performance
7.1.8.3 Product Benchmarking
7.1.8.4 Strategic Initiatives
7.1.9 Baxter
7.1.9.1 Company Overview
7.1.9.2 Financial performance
7.1.9.3 Product Benchmarking
7.1.9.4 Strategic Initiatives
7.1.10 Fresenius Medical Care AG & Co. KGaA
7.1.10.1 Company Overview
7.1.10.2 Financial performance
7.1.10.3 Product Benchmarking
7.1.10.4 Strategic Initiatives
For more information about this report visit https://www.researchandmarkets.com/r/pvxlby

Canadian filmmaker Dianne Whelan is the first person and woman to ever complete the Trans Canada Trail. It’s the longest trail in the world, stretching more than 16,000 miles, with hundreds of walking paths, roads and multiple waterways. Jamie Wax sat down with Whelan to discuss what she learned on her journey of solitude and reflection.
What happened Shares of Novavax (NASDAQ: NVAX) were slipping 2.6% lower as of 11:35 a.m. ET on Wednesday. The company didn't report any new developments since yesterday's announcement that India had granted Emergency Use Authorization (EUA) to COVID-19 vaccine NVX-CoV2373.
Gas prices are likely headed much higher in 2022, according to a new report out of Gasbuddy.
Biogen Inc. stock has suffered a number of sinking spells over the years. Heavier volume in a price decline can sometimes mask accumulation. The On-Balance-Volume (OBV) line shows a decline the past six months but so far the early December low has not been broken.
Scaringe said majority of Rivian's roughly 71,000 preorders for its R1T pickup truck and R1S SUV in the United States and Canada were for a version of the vehicles with a small battery pack option, which provides 314 miles of range on one charge. "In order to serve the largest number of preorder holders, we will be prioritizing building the Adventure Package with Large pack battery during the next year," Scaringe said in the mail that was posted by a Rivian customer on Reddit, a social media platform.
Huge cargo ships carrying liquid gas that were destined for China have changed course and are now heading towards the UK, as Europe remains trapped in a major supply crunch.
(Bloomberg) — It’s been a record year for China’s internet moguls, but not in the way most would have hoped.Most Read from BloombergGhislaine Maxwell Found Guilty in Victory for Victims of EpsteinApple Aims to Prevent Defections to Meta With Rare $180,000 Bonuses for Top TalentThe Senator Who Could Rescue Biden’s AgendaCovid With Omicron Isn’t ‘Same Disease,’ Oxford Scientist SaysMercedes Swept Up in China Internet Furor Over Model’s EyesThe country’s 10 richest tech tycoons lost $80 billion in
Oil prices are affected by myriad factors. Here are three things that could impact oil prices and oil stocks in 2022.
To help make China a self-reliant “technology superpower,” the ruling Communist Party is pushing the world's biggest e-commerce company to take on the tricky, expensive business of designing its own processor chips — a business unlike anything Alibaba Group has done before.
Airlines such as Delta Air Lines and Alaska Air Group have canceled hundreds of flights, while the surge in new infections has also threatened to derail a recovery in the cruise industry. The event, starting Jan. 5, will require all attendees to be masked and vaccinated, and also offer COVID-19 tests, a spokesperson for Consumer Technology Association, the event organizer, said. Several others, including U.S. automaker General Motors Co, Alphabet Inc's Google, Facebook parent Meta Platforms Inc, Twitter Inc, Lenovo Group, AT&T Inc and Amazon.com Inc have dropped their in-person attendance plans, saying they would not send employees out of caution over the spread of Omicron.
Yahoo Finance contributor Vera Gibbons details how the pandemic has changed the secondhand clothing market, the overflow of consigned clothes leading to markdowns, and how that trend continues heading into 2022.
Yahoo Finance's Rick Newman details which CEOs have been recorded to have met with President Biden the most in 2021 as the administration has worked to try and curtail concerns over inflation, supply chain issues, and retailer worries.
Crude oil futures finish solidly higher Wednesday after data show a big drop in U.S. crude inventories.
A total of 129,800 option contracts worth more than $6 billion are set to expire on Friday; ether’s price plummets.
Commercial Metals Co. is definitely not a household name but they are the largest producer of rebar in the United States. In this daily bar chart of CMC, below, we can see an "ascending triangle pattern" playing out since August. The On-Balance-Volume (OBV) line shows strength from the middle of September and is close to its own new high.
Mike Boyd, president of Boyd Group International, joins Yahoo Finance Live to discuss air travel during the holiday season and what it means that 2,400 flights were canceled on Wednesday.
(Bloomberg) — European gas prices slumped for a sixth day, the longest losing streak in more than a year, as cargoes of the liquefied fuel head to the continent just as industrial shutdowns and warm weather curb demand.Most Read from BloombergGhislaine Maxwell Found Guilty in Victory for Victims of EpsteinApple Aims to Prevent Defections to Meta With Rare $180,000 Bonuses for Top TalentThe Senator Who Could Rescue Biden’s AgendaCovid With Omicron Isn’t ‘Same Disease,’ Oxford Scientist SaysMerce
Eve Co-CEO Jerry DeMuro talks to Yahoo Finance Live about the future of air mobility and how the eVTOL startup differentiates itself from competitors as it prepares to go public via a SPAC merger.
The Thai cryptocurrency mining sector has experienced massive growth in recent months, thanks to China’s ban on crypto mining activities.
Changes in the forecast and thin volume coupled with the January futures contract expiration could lead to heightened volatility.

source

You might also like

Surviving 2nd wave of corona
COVID-19

Surviving The 2nd Wave of Corona

‘This too shall pass away’ this famous Persian adage seems to be defeating us again and again in the case of COVID-19. Despite every effort

@voguewellness