According to the research report titled ‘Global Hospital Consumables Market Size study, By Product (Disposable Medical Gloves, IV Kits, Medical Gauze & Tapes, Disposable Syringes, Others) and Regional Forecasts 2021-2027’, available with the MarketStudyReport, global hospital was valued at USD 308.6 billion in 2020 and it is expected to reach 636.3 billion by 2027, recording a CAGR of 10.89% over the study period.
 

The rising prevalence of chronic diseases, as well as increased government investments in healthcare are the major factors driving the growth of global hospital consumables market over the forecast period.
 

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Notably, hospital consumables include non-woven disposable products, as well as disposable products are primarily used in healthcare settings.
 

Growing elderly population have also augmented the demand for hospital consumables across the globe. However, delayed supply of medical consumable products is expected to stifle the overall market growth during the forecast period.
 

By product type, the industry is split into disposable syringes, medical gauze, and tapes, IV kits, disposable medical gloves, and others.
 

Highlighting the regional landscape, the industry is classified into Europe (Germany, Italy, France, the U.K.), North America (the U.S., Canada), Latin America (Brazil, Mexico), Asia-Pacific (India, Japan, China, Australia), and the rest of the world.
 

Asia-pacific hospital consumables market is anticipated to register considerable growth in the subsequent period. Factors such as the rising elderly population, availability of affordable hospital consumables, and a well-established healthcare infrastructure are positively impacting the business dynamics in Asia-Pacific.
 

On the other hand, North America is expected to record a robust CAGR through 2027, owing to rising disposable income, high chronic disease incidences, and accessibility to an advanced healthcare infrastructure.
 

Henkel AG & Co. KGaA, Fresenius Medical Care AG & Co. KGaA, Baxter International Inc., 3M Co., Cardinal Health Inc., Smith & Nephew plc, Owens & Minor Inc., Terumo Medical Corporation, B. Braun Melsungen AG, Medline Industries LP, and McKesson Corporation are the major companies operating in global hospital consumables industry.