Latest News- Healthcare Consumables Market: Medical consumables is expected to lead the Type segment during 2025-2029

The Healthcare Consumables Market is being driven by Increasing prevalence of chronic diseases

The Healthcare Consumables Market is expected to grow at a CAGR of 5.1% during 2024 and 2029. During this period, the market is also expected to show a growth of USD 42.7 billion. The healthcare consumables market is experiencing a notable trend towards eco-friendly and biodegradable products, with increasing emphasis on minimizing medical waste disposal. This shift is driving the adoption of sustainable alternatives such as biodegradable gloves, compostable wound dressings, and eco-friendly surgical masks. Companies are actively innovating to develop sustainable materials that reduce environmental impact without compromising product efficiency. Notably, Mun Australia introduced GloveOn COATS Biodegradable Nitrile Examination Gloves on September 30, 2024. These gloves, featuring Colloidal Oatmeal Active Therapeutic System (COATS), offer skin protection while reducing the risk of contact dermatitis and irritation during prolonged use. This development underscores the industry's commitment to sustainability and environmental responsibility. 

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Which Factors Are Causing a Surge in Market Growth?

The market is segmented based on

• Type
  • Medical consumables
  • Wound care consumables
  • Diagnostic consumables
  • Personal protective equipment
  • Others
• End-user
  • Hospitals and clinics
  • Diagnostic laboratories
  • Home care
  • Research and academic institutes
• Geography
  • North America
    • Canada
    • US
  • Europe
    • Germany
    • UK
    • France
  • Asia
    • China
    • India
    • Japan
    • South Korea
  • Rest of World (ROW)

According to Technavio, There are several factors that are causing the market to flourish during the forecast period, which are as follows: 

• Increasing prevalence of chronic diseases
• Growth in number of surgical procedures
• Increasing geriatric population

However, the market also witnesses some limitations, which are as follows:

• Stringent regulatory compliance requirements
• Proliferation of counterfeit and low-quality healthcare consumables
• Fluctuating raw material prices

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Market Scope in Healthcare Consumables Market Research Report

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Research Analysis Overview

The healthcare consumables market encompasses the production and supply of various medical items, including needles, bandages, IV kits, syringes, medical gloves, and other essentials. Raw material gathering and manufacturing processes are crucial for enhancing production. Elderly population and age-related health issues, such as dementia and COPD, drive demand. Post-production involves transportation costs, supply chain management, monitoring inventories in real-time, and distribution to homes, clinics, and hospitals. Artificial intelligence and data analysis optimize production lines, monitor patient health, and improve treatment for conditions like COPD. Wear and tear on production equipment and operating rooms necessitate ongoing maintenance. Overall, the healthcare consumables market plays a vital role in diagnosing, treating, and managing various health concerns.

Market Research Overview

The global healthcare supplies market encompasses businesses involved in the research and development of medical consumables, including diagnostic and therapeutic products such as syringes, drapes, gloves, and gowns. According to Technavio, market growth will be fueled by several key factors. The aging population trend, with the number of individuals over 60 years old projected to rise significantly in the US by 2050 and in Europe by 2030, will increase demand for healthcare supplies. Additionally, the shift towards predictive healthcare and cost reduction strategies, such as elderly care facilities, home healthcare services, and telemedicine solutions, will drive growth. Medical device regulation and innovation, as well as patient care optimization through medical equipment maintenance, are further market growth drivers.. Industries are leveraging the products belonging to the market for customer engagement, transactional notifications, and promotional offers.

Technavio Research
Jesse Maida
Media & Marketing Executive
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