Syndicated Research Studies

Hospital Consumables Market Growth & Trends 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 a new report by Grand View Research, Inc. 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 glove...

Hospital Consumables Industry Overview The global hospital consumables market size was valued at USD 308.6 billion in 2020 and is anticipated to grow at a compound annual growth rate (CAGR) of 10.89% from 2021 to 2028. The rising number of surgeries, increasing prevalence of chronic diseases, and growing elderly population are the key factors driving the market growth. Moreover, technological advancements in surgical procedures and rising preference for minimally/non-invasive surgeries are further contributing to market growth. Furthermore, the impact of COVID-19 across the globe is accelerating market growth. Chronic diseases, including Cardiovascular Diseases (CVDs), chronic respiratory diseases, diabetes, cancer, and mental illnesses, have become a leading cause of mortality and disability worldwide. For instance, as projected by the American Heart Association, more than 130 million adults or 45.1% of the U.S. population might suffer from some form of CVD by 2035. Likewise, acco...