Global disposable hospital supplies market to grow by $24.5b by 2028
This is driven by the increasing number of hospitalisations and surgical procedures.
The global disposable hospital supplies market is projected to grow by $24.5b from 2024 to 2028, with a compound annual growth rate of 9.44%, according to a Technavio report.
The market expansion is driven by the increasing number of hospitalisations and surgical procedures, leading to a growing demand for single-use medical devices to minimise cross-contamination and surgical-site infections.
However, a significant challenge faced by the industry is the environmental impact of improper disposal of disposable hospital supplies. In response, vendors are focusing on developing advanced, high-quality products that enhance medical and surgical capabilities whilst addressing these concerns.
Companies are heavily investing in research and development to innovate and improve product quality using new technologies. For instance, B. Braun SE introduced the Stimuplex Ultra 360, an echogenic stimulating needle offering 360-degree ultrasound visibility and consistent puncture performance, showcasing the technological advancements in the field.
The market is experiencing strong growth across a range of medical specialties, including cardiovascular, cerebrovascular, ophthalmology, gynaecology, urology, and orthopaedics. Innovations in sterilisation consumables, nonwoven medical supplies, and wound care products are emerging to meet the specific needs of these fields, further contributing to the expansion of the disposable hospital supplies market.