U.S. Healthcare Consumables Market Size, Share, and Trends 2024 to 2033

U.S. Healthcare Consumables Market Size and Growth 2024 to 2033

The U.S. healthcare consumables market size was estimated at USD 45.27 billion in 2023 and is projected to be worth around USD 60.26 billion by 2033, growing at a CAGR of 2.9% from 2024 to 2033.

U.S. Healthcare Consumables Market Key Takeaways

• By product type, the sterilization consumables segment held the largest share of the market in 2023.
• By product type, the diagnostic consumables segment is expected to grow at the highest CAGR during the forecast period.
• By raw materials, the plastic resin segment held the largest share of the market in 2023.
• By end user, in 2023, the hospital segment dominated the US healthcare consumables market.
• by end user, the clinics/physician office segment is expected to grow at a rapid rate over the forecast period.

US Healthcare Consumables Market Overview

The US healthcare consumables market offers products with a variety of uses in general healthcare or medical procedures. These products usually consist of medical scales, surgical blades, bandages, gauze, syringes, tape, staples, stethoscopes, and many other items. Healthcare consumables are generally defined as goods that are utilized in a hospital, clinic, or other medical facility. Healthcare supplies have specific uses.

Any item utilized by a medical practitioner to enhance overall patient care is often referred to as a healthcare consumable. The majority of healthcare consumables are disposable, single-use items. Its goal is to protect hospital-acquired illnesses from affecting individuals who have been admitted to the hospital or another healthcare facility. Over the projection period, there is expected to be an even greater demand for healthcare consumables due to the increased prevalence of chronic illnesses that need medical treatment.

U.S. Healthcare Consumables Market Growth Factors

• The growing incidence of chronic diseases, such as diabetes, cardiovascular diseases, and respiratory disorders, drives the demand for US healthcare consumables market. Products like test strips, insulin syringes, and respiratory care consumables become essential for managing these conditions.
• The rising number of surgical interventions and procedures in the US boosts the demand for disposable surgical consumables such as gloves, gowns, drapes, and single-use instruments. This trend is driven by factors like an ageing population requiring surgical interventions and advancements in surgical techniques.
• Public awareness campaigns and educational initiatives about the importance of hygiene and infection control contribute to increased demand for healthcare consumables. This is particularly evident in the country where awareness about preventive healthcare measures is on the rise.

US Healthcare Consumables Market Dynamics

Driver: Rising chronic diseases and growing elderly populations

A high volume of patients with chronic illnesses results in a higher number of hospital admissions. The biggest risk factor for neurological, urological, and cardiovascular conditions is aging. Surgical and diagnostic procedures are typically necessary for many disorders involving the use of consumables such as gloves, catheters, stethoscopes, guidewires, and thermometers. The group of the American population that is now rising at the quickest rate is the elderly (those over 65). Thereby, the rising rate of chronic diseases in geriatric population is observed to act as a driver for the US healthcare consumables market.

• According to the Partnership to Fight Chronic Disease, 81% of hospital admissions in the United States are related to chronic illnesses. Therefore, it is anticipated that the US healthcare consumables market will increase as a result of the regular rise in the frequency of chronic illnesses and the rising number of hospital admissions.
• As of June 2023, the population of Americans 65 and over grew around five times faster than the country's overall population between 1920 and 2020, according to the US Census Bureau.

Restraint: High cost and environmental concerns

The cost of healthcare consumables, especially disposable items, can be a significant burden on healthcare budgets. In some cases, the perceived high cost of disposable products may lead healthcare facilities to explore cost-saving alternatives, impacting the US healthcare consumables market for certain products. In addition, the increased use of disposable healthcare consumables contributes to environmental concerns related to plastic waste and pollution.

There is a growing emphasis on sustainability and environmentally friendly practices, leading to potential restraints on the use of certain single-use items. Thus, the high cost and environmental concerns might be a major challenge for the US healthcare consumables market over the forecast period.

Opportunity: Growing partnership

The growing partnership is expected to offer a lucrative opportunity for the US healthcare consumables market during the forecast period. Clients of the partnering companies can benefit from pooled resources. These include full medical equipment management at a healthcare institution, which includes regular maintenance, recall monitoring and response, distribution and disinfection, and more.

Through the standardization of equipment management procedures across healthcare systems and proactive data safety monitoring, the program may also assist to save costs and increasing productivity for its clients. Additional services offered by such collaboration further enhance the customer experience.

• In March 2023, a deal worth up to $760 million over ten years was announced to provide GE HealthCare's Healthcare Technology Management (HTM) services to Advantus Health Partners' clients. Advantus Health Partners is a provider of healthcare solutions, helping healthcare organizations implement more effective and efficient supply chain models.

Product Type Insights

It was estimated that the sterilization consumables segment dominated the market in 2023. Sterilization pouches and bags are widely used in healthcare settings to package and sterilize medical instruments. These pouches provide a barrier against microorganisms, ensuring the sterility of instruments until they are ready for use.

Moreover, sterilization wraps and covers are disposable materials used to wrap or cover larger medical equipment before the sterilization process. They help maintain the sterility of equipment during storage and transportation within the healthcare facility.

Besides, the diagnostic consumables segment is expected to grow at the highest CAGR during the forecast period. Diagnostic test kits encompass a wide range of consumables used for detecting specific biomarkers or indicators of diseases. These kits include reagents, test strips, and other disposable components necessary for conducting tests such as pregnancy tests, glucose monitoring, and infectious disease testing. Thereby, driving the segment expansion.

Raw Materials Insights

The plastic resin segment held the largest share of the US healthcare consumables market in 2023. Plastic resins, such as polyethylene, polypropylene, and polyvinyl chloride (PVC), are commonly used for the packaging of healthcare consumables. Plastic packaging provides a protective barrier, ensuring the sterility of products such as syringes, gloves, and bandages.

Additionally, they are used to manufacture components of diagnostic tests, including housing for test kits, microfluidic devices, and other disposable elements. These materials provide the necessary precision and versatility for diagnostic applications. Thus, the increasing application is expected to propel the segment's growth.

End User Insights

The hospital segment dominated the market in 2023. Hospitals heavily rely on PPE, including disposable gloves, masks, gowns, and face shields, to protect healthcare workers from infections and maintain a safe environment during patient care. Moreover, they use a wide range of surgical consumables, such as disposable drapes, gowns, surgical gloves, and single-use instruments. These items contribute to maintaining a sterile surgical environment and reducing the risk of surgical site infections.

Besides, the clinics/physician office segment is expected to grow at a rapid rate over the forecast period. Clinics and physician offices use PPE, including disposable masks, gloves, gowns, and face shields, to protect healthcare providers and patients during examinations and medical procedures. Additionally, these healthcare settings often utilize diagnostic consumables such as test kits, reagents, and laboratory supplies for various diagnostic tests and screenings, enabling rapid and accurate diagnoses. Thereby, driving the segment growth.

U.S. Healthcare Consumables Market Recent Developments

• In January 2023, A strategic collaboration agreement between Canon Medical Systems USA Inc. and ScImage, Inc. was established. Canon Medical Systems USA Inc. is a commercial subsidiary of Canon Medical Systems Corporation, a pioneer in revolutionary diagnostic imaging technologies worldwide. Sclmage delivers Cloud-native enterprise image management, PACS, and image exchange solutions for the healthcare industry, headquartered out of Los Altos, CA.
• In March 2022, Cardinal Health Inc. launched one of the first surgical incise drapes combined with chlorhexidine gluconate (CHG) to minimize the risk of onsite surgical contamination by gram-negative bacteria. The incise is sturdy, breathable, and provides a sterile surface to avoid any further contamination.

U.S. Healthcare Consumables Market Companies

• Boston Scientific Corporation
• Avanos Medical, Inc.
• Baxter International, Inc.
• Thermo Fisher Scientific, Inc.
• 3M
• Johnson & Johnson
• Medtronic
• Cardinal Health, Inc.
• B. Braun Melsungen AG
• BD

Segments Covered in the Report

By Product Type

• Wound care Consumables
• Diagnostic Consumables
• Respiratory Supplies
• Drug Delivery Products
• Dialysis Consumables
• Sterilization Consumables
• Incontinence Products
• Disposable Gloves
• Disposable Masks
• Hands Sanitizer
• Others

By Raw Materials

• Rubber
• Non-woven Materials
• Glass
• Metals
• Plastic Resin
• Paper
• Others

By End User

• Hospitals
• Clinics/physician office
• Others