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The hospital supplies market share in US is expected to increase by USD 9.86 billion from 2021 to 2026, and the market's growth momentum will accelerate at a CAGR of 10.92%.
This hospital supplies market in US research report provides valuable insights on the post COVID-19 impact on the market, which will help companies evaluate their business approaches. Furthermore, this report extensively covers the hospital supplies market in US segmentation by product (consumables and devices) and end-user (hospitals, clinics, and others). The hospital supplies market in US report also offers information on several market vendors, including 3M Co., Abbott Laboratories, B. Braun Melsungen AG, Becton Dickinson and Co., Boston Scientific Corp., Cardinal Health Inc., Johnson and Johnson Inc., Medtronic Plc, Smith and Nephew plc, and Stryker Corp. among others.
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The increasing adoption of surgical procedures is notably driving the hospital supplies market growth in US, although factors such as product recall may impede market growth. Our research analysts have studied the historical data and deduced the key market drivers and the COVID-19 pandemic impact on the hospital supplies industry in US. The holistic analysis of the drivers will help in deducing end goals and refining marketing strategies to gain a competitive edge.
Key Hospital Supplies Market Driver in US
One of the key factors driving the hospital supplies market growth in the US is the increasing adoption of surgical procedures owing to the increasing number of hospital visits for various diagnostic and therapeutic purposes. In certain cases, such as COPDs, hospitalization is recommended by medical professionals for proper monitoring of patients. In such cases, various medical supplies, such as syringes, needles, and oxygen masks, are required as part of the treatment process. In addition, in some instances, surgeries are recommended by healthcare professionals as a part of treating and managing various medical conditions such as cancers, malignant tumors, nervous system disorders, joint fractures, and CVDs, which drives the demand for various medical supplies. For instance, in 2020, there have been 1.5 million liposuction surgery cases, 1.22 million eyelid surgery cases in surgical and nonsurgical cosmetic procedures in US. Such factors will have a positive impact on the market in the US during the forecast period.
Key Hospital Supplies Market Trend in US
Another key factor driving the hospital supplies market growth in the US is the growing geriatric population. According to The World Bank, in 2020, the global geriatric population accounted for 9.32% of the total population, and in the US, the population increased from 14.64% in 2015 to 16.63% in 2020. It has been steadily growing over the years. With the rising age, people are more prone to frequent hospitalization, which necessitates the need for hospital supplies. Therefore, with the expanding geriatric population base, the admission rates in hospitals are projected to increase, which will positively impact the growth of the market in focus throughout the forecast period.
Key Hospital Supplies Market Challenge in US
One of the key challenges to the hospital supplies market growth in the US is products recall. The development of medical supplies is followed by trials to get approval for its commercialization in the market. Manufacturing defects, technical errors, and product design faults can lead to improper treatment. For instance, in January 2022, Medtronic Inc. recalled its HawkOne Directional Atherectomy System due to the risk of tip damage during use. The FDA identified this as a Class I recall. Similarly, in August 2021, Boston Scientific recalled the INGENIO family of Pacemakers and CRT-Ps due to the risk of transition to safe mode. The FDA identified this too as a Class I recall. Therefore, an increase in product recalls may hamper the growth of the health supplies market in the US during the forecast period.
This hospital supplies market in US analysis report also provides detailed information on other upcoming trends and challenges that will have a far-reaching effect on the market growth. The actionable insights on the trends and challenges will help companies evaluate and develop growth strategies for 2022-2026.
Technavio categorizes the hospital supplies market in US as a part of the global healthcare supplies market. Our research report has extensively covered external factors influencing the parent market growth potential in the coming years, which will determine the levels of growth of the hospital supplies market in US during the forecast period.
The report analyzes the market's competitive landscape and offers information on several market vendors, including:
This statistical study of the hospital supplies market in US encompasses successful business strategies deployed by the key vendors. The hospital supplies market in US is fragmented and the vendors are deploying growth strategies such as the expansion of product portfolio through the development of advanced technologies to compete in the market.
To make the most of the opportunities and recover from post COVID-19 impact, market vendors should focus more on the growth prospects in the fast-growing segments, while maintaining their positions in the slow-growing segments.
The hospital supplies market in US forecast report offers in-depth insights into key vendor profiles. The profiles include information on the production, sustainability, and prospects of the leading companies.
Our report provides extensive information on the value chain analysis for the hospital supplies market in US, which vendors can leverage to gain a competitive advantage during the forecast period. The end-to-end understanding of the value chain is essential in profit margin optimization and evaluation of business strategies. The data available in our value chain analysis segment can help vendors drive costs and enhance customer services during the forecast period.
The value chain of the global healthcare supplies market includes the following core components:
The report has further elucidated on other innovative approaches being followed by manufacturers to ensure a sustainable market presence.
***1. Executive Summary
**1.1 Market Overview
*Exhibit 01: Key Finding 1
*Exhibit 02: Key Finding 2
*Exhibit 03: Key Finding 5
*Exhibit 04: Key Finding 6
*Exhibit 05: Key Finding 7
***2. Market Landscape
**2.1 Market ecosystem
*Exhibit 06 Parent market
*Exhibit 07: Market characteristics
**2.2 Value Chain Analysis
*Exhibit 08: Value chain analysis: Healthcare supplies
*2.2.1 R&D
*2.2.2 Inputs
*2.2.3 Operations
*2.2.4 Outbound logistics
*2.2.5 Marketing and sales
*2.2.6 Post-sales and services
***3. Market Sizing
**3.1 Market definition
*Exhibit 09: Offerings of vendors included in the market definition
**3.2 Market segment analysis
*Exhibit 10: Market segments
**3.3 Market size 2021
**3.4 Market outlook: Forecast for 2021 - 2026
*Exhibit 11: US - Market size and forecast 2021 - 2026 ($ million)
*Exhibit 12: US market: Year-over-year growth 2021 - 2026 (%)
***4. Five Forces Analysis
**4.1 Five Forces Summary
*Exhibit 13: Five forces analysis 2021 - 2026
**4.2 Bargaining power of buyers
*Exhibit 14: Bargaining power of the buyer
**4.3 Bargaining power of suppliers
*Exhibit 15: Bargaining power of the supplier
**4.4 Threat of new entrants
*Exhibit 16: Threat of new entrants
**4.5 Threat of substitutes
*Exhibit 17: Threat of substitutes
**4.6 Threat of rivalry
*Exhibit 18: Threat of rivalry
**4.7 Market condition
*Exhibit 19: Market condition - Five forces 2021
***5. Market Segmentation by Product
**5.1 Market segments
* Exhibit 20: Product - Market share 2021-2026 (%)
**5.2 Comparison by Product
*Exhibit 21: Comparison by Product
**5.3 Consumables - Market size and forecast 2021-2026
*Exhibit 22: Consumables - Market size and forecast 2021-2026 ($ million)
*Exhibit 23: Consumables - Year-over-year growth 2021-2026 (%)
**5.4 Devices - Market size and forecast 2021-2026
*Exhibit 24: Devices - Market size and forecast 2021-2026 ($ million)
*Exhibit 25: Devices - Year-over-year growth 2021-2026 (%)
**5.5 Market opportunity by Product
*Exhibit 26: Market opportunity by Product
***6 Market Segmentation by End-user
**6.1 Market segments
*Exhibit 27: End-user - Market share 2021-2026 (%)
**6.2 Comparison by End User
*Exhibit 28: Comparison by End-user
**6.3 Hospitals - Market size and forecast 2021-2026
*Exhibit 29: Hospitals - Market size and forecast 2021-2026 ($ million)
*Exhibit 30: Hospitals - Year-over-year growth 2021-2026 (%)
**6.4 Clinics - Market size and forecast 2021-2026
*Exhibit 31: Clinics - Market size and forecast 2021-2026 ($ million)
*Exhibit 32: Clinics - Year-over-year growth 2021-2026 (%)
**6.5 Others - Market size and forecast 2021-2026
*Exhibit 33: Others - Market size and forecast 2021-2026 ($ million)
*Exhibit 34: Others - Year-over-year growth 2021-2026 (%)
**6.6 Market opportunity by End-user
*Exhibit 35: Market opportunity by End-user
***7. Customer landscape
*Technavio’s customer landscape matrix comparing Drivers or price sensitivity, Adoption lifecycle, importance in customer price basket, Adoption rate and Key purchase criteria
**7.1 Overview
*Exhibit 36: Customer landscape
***8. Drivers, Challenges, and Trends
**8.1 Market drivers
*8.1.1 Increasing adoption of surgical procedures
*8.1.2 Growing number of road accidents and fatal sports injuries
*8.1.3 Increasing demand for disposables to avoid infections
**8.2 Market challenges
*8.2.1 Product recall
*8.2.2 Disruption in supply-chain of hospital supplies due to COVID-19
*8.2.3 Stringent regulatory policies
*Exhibit 37: Impact of drivers and challenges
**8.3 Market trends
*8.3.1 Growing geriatric population
*8.3.2 Technological advances
*8.3.2 Technological advances
***9. Vendor Landscape
**9.1 Overview
*Exhibit 38: Vendor landscape
**9.2 Landscape disruption
*Exhibit 39: Landscape disruption
*Exhibit 40: Industry Risk
**9.3 Competitive Scenario
***10. Vendor Analysis
**10.1 Vendors covered
*Exhibit 41: Vendors covered
**10.2 Market positioning of vendors
*Exhibit 42: ?Market positioning of vendors?
**10.3 3M Co.
*Exhibit 43: 3M Co. - Overview
*Exhibit 44: 3M Co. - Business segments
*Exhibit 45: 3M Co. - Key news
*Exhibit 46: 3M Co. - Key offerings
*Exhibit 47: 3M Co. - Segment focus
**10.4 Abbott Laboratories
*Exhibit 48: Abbott Laboratories - Overview
*Exhibit 49: Abbott Laboratories - Business segments
*Exhibit 50: Abbott Laboratories - Key offerings
*Exhibit 51: Abbott Laboratories - Segment focus
**10.5 B. Braun Melsungen AG
**Exhibit 52: B. Braun Melsungen AG - Overview
**Exhibit 53: B. Braun Melsungen AG - Business segments
**Exhibit 54: B. Braun Melsungen AG - Key offerings
**Exhibit 55: B. Braun Melsungen AG - Segment focus
**10.6 Becton Dickinson and Co.
*Exhibit 56: Becton Dickinson and Co. - Overview
*Exhibit 57: Becton Dickinson and Co. - Business segments
*Exhibit 58: Becton Dickinson and Co. - Key offerings
*Exhibit 59: Becton Dickinson and Co. - Segment focus
**10.7 Boston Scientific Corp.
*Exhibit 60: Boston Scientific Corp. - Overview
*Exhibit 61: Boston Scientific Corp. - Business segments
*Exhibit 62: Boston Scientific Corp. - Key offerings
*Exhibit 63: Boston Scientific Corp. - Segment focus
**10.8 Cardinal Health Inc.
*Exhibit 64: Cardinal Health Inc. - Overview
*Exhibit 65: Cardinal Health Inc. - Business segments
*Exhibit 66: Cardinal Health Inc. - Key offerings
*Exhibit 67: Cardinal Health Inc. - Segment focus
**10.9 Johnson and Johnson Inc.
*Exhibit 68: Johnson and Johnson Inc. - Overview
*Exhibit 69: Johnson and Johnson Inc. - Business segments
*Exhibit 70: Johnson and Johnson Inc. - Key offerings
*Exhibit 71: Johnson and Johnson Inc. - Segment focus
*Exhibit 71: Johnson and Johnson Inc. - Segment focus
**10.10 Medtronic Plc
*Exhibit 72: Medtronic Plc - Overview
*Exhibit 73: Medtronic Plc - Business segments
*Exhibit 74: Medtronic Plc - Key offerings
*Exhibit 75: Medtronic Plc - Segment focus
**10.11 Smith and Nephew plc
*Exhibit 76: Smith and Nephew plc - Overview
*Exhibit 77: Smith and Nephew plc - Business segments
*Exhibit 78: Smith and Nephew plc - Key offerings
*Exhibit 79: Smith and Nephew plc - Segment focus
**10.12 Stryker Corp.
*Exhibit 80: Stryker Corp. - Overview
*Exhibit 81: Stryker Corp. - Business segments
*Exhibit 82: Stryker Corp. - Key offerings
*Exhibit 83: Stryker Corp. - Segment focus
***11. Appendix
*Exhibit 84: ??Information sources
**11.4 List of abbreviations
*Exhibit 85: List of abbreviations
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