Paragraph: The global healthcare consumables market consists of single-use or disposable medical supplies and devices that are used across various sections of the healthcare industry. Some key products in this market include syringes, cannulas, bandages, surgical gloves, drapes, masks and apparels. The growing preference for single-use consumables over reusable products is being driven by concerns of infection control and prevention of cross-contamination. The market provides convenient and hygienic products that can be safely discarded after single use.
The Global Healthcare Consumables Market is estimated to be valued at US$ 172.31 Bn in 2024 and is expected to exhibit a CAGR of 11% over the forecast period from 2024 to 2031.
Key Takeaways
Key players operating in the global healthcare consumables are Procter & Gamble, B. Braun SE, McKesson Medical-Surgical Inc, Medline Industries Inc., Owens and Minor, Smith And Nephew plc, 3M, Baxter, Fresenius Medical Care AG, Cardinal Health, Terumo Medical Corporation, Honeywell Interational Inc., Dynarex Corporation, Kemei, Unigloves, Argentum Medical, Alliqua Biomedical, AccelHeal, Globus Medical. These players are focusing on new product launches and partnerships to strengthen their presence across major markets.
The rising prevalence of chronic diseases and growing geriatric population susceptible to various healthcare conditions offer considerable growth opportunities for players in this Global Healthcare Consumables Market Demand With rising healthcare expenditure globally and improving access to healthcare, demand for consumables is expected to surge significantly over the coming years especially in developing regions.
The market is witnessing increased global expansion with players focusing on emerging countries using strategies like facility expansion, joint ventures and establishing manufacturing plants in such regions to cater to the rising local demand. Regions like Asia Pacific and Latin America offer high growth potential owing to developing healthcare infrastructure and rising medical tourism.
Market drivers:
The key driver for the Healthcare Consumables Market Size And Trends is the ability of single-use consumables to reduce healthcare associated infections and prevent cross-contamination. Other factors like growing healthcare reforms advocating use of disposables, rising surgical procedures, technological advancements and increasing focus on patient safety and hygiene also contribute to the rising demand in this market. With growing med-tech investment and new product development, the market is expected to surge at a steady pace during the forecast period.
PEST Analysis
Political: Healthcare consumables market growth is impacted by various regulations related to medical devices and healthcare standards set by the government and healthcare authorities.
Economic: Changes in consumer spending on healthcare and rising disposable incomes impacts demand for healthcare consumables.
Social: Growing geriatric population, increasing prevalence of chronic diseases, and adoption of preventive healthcare drives demand for consumables.
Technological: Advances in medical technology, materials used for manufacturing consumables, and focus on developing eco-friendly products helps grow the market. New technologies also help lower costs and improve quality.
North America region holds the largest market share currently due to developed healthcare infrastructure, availability of reimbursement policies, and presence of key players in the region. The Asia Pacific region is forecasted to grow at the fastest rate over the forecast period due to growing healthcare sector, rising medical tourism, increasing per capita expenditure on healthcare, and growing demand from developing countries like China and India.
The Europe region is also growing at a significant rate supported by improving access to healthcare, government support for research & development, and presence of major established players. The Latin America and Middle East & Africa regions also offer lucrative opportunities for market growth in the coming years.
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Dental Consumables Market: Information by Type (Dental Restorative Material, Dental Implants, Dental Implants, Dental Regenerative Material and others) and Region (Americas, Europe, Asia-Pacific and Middle East & Africa) - Global Forecast till 2027 Dental Consumables Market HighlightsThe global dental consumables market is likely to grow at a stable growth rate over the forecast period from 2016 to 2024 due to the growing demand for dentistry procedures around the world and the growing prevalence of dental caries and other relevant health complaints.
The global dental consumables market is expected to rise to a valuation of USD 28,345 million by 2024 growing at a robust growth rate of 6.5% over the forecast period, according to the latest research report from Market Research Future (MRFR).The growing spread of the dentistry field has been a massive driver for the global dental consumables market over the forecast period.
The field of dentistry has evolved rapidly in modern times to encompass several specialties such as orthodontics, prosthodontics, and endodontics.
While the field of dentistry has grown to encompass several sub-specialties, the instruments and equipment used by the various fields are largely similar, leading to a steady growth in demand from the dental consumables market.The growing demand for dental procedures due to the growing prevalence of conditions such as plaque and dental caries is likely to remain a major driver for the global dental consumables market over the forecast period.
The growing disposable income of consumers in emerging regions is also likely to be a key driver for the global dental consumables market over the forecast period.Request Free Sample Copy at:https://www.marketresearchfuture.com/sample_request/1806Competitive Analysis:Leading players in the global dental consumables market include Septodont, Straumann, KERR Corporation, EnvisionTEC, American Orthodontics, Dentsply Sirona, Nobel Biocare, Planmeca OY, Patterson Dental, GC Orthodontics, Henry Schein, and 3M.In March 2019, the NHS announced a planned price increase for dental procedures from April 1.
The price increase covers minor dental procedures as well as major operations such as root canal.
