US Hospital Supplies Market Analysis - Size and Forecast 2024-2028

US Hospital Supplies Market Size 2024-2028

The US hospital supplies market size is forecast to increase by USD 8.22 billion, at a CAGR of 9.4% between 2023 and 2028.

• The Hospital Supplies Market in the US is experiencing significant growth, driven by the increasing adoption of surgical procedures due to an aging population and advancements in medical technology. The geriatric population's expanding needs for healthcare services are fueling the demand for hospital supplies. However, the market faces challenges, including the risk of product recalls, which can negatively impact market players' reputations and revenue. Manufacturers must prioritize quality control measures to mitigate this risk and maintain consumer trust. As the market evolves, companies must stay abreast of regulatory changes and consumer preferences to remain competitive.
• Adapting to these trends and overcoming challenges requires strategic planning and operational agility. By focusing on product innovation, regulatory compliance, and supply chain efficiency, market participants can capitalize on opportunities and navigate challenges effectively.

What will be the size of the US Hospital Supplies Market during the forecast period?

Explore in-depth regional segment analysis with market size data - historical 2018-2022 and forecasts 2024-2028 - in the full report.
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• The US hospital supplies market encompasses a wide range of products and services, including emergency response equipment, wound care management supplies, anesthesiology equipment, patient care supplies, and diagnostic tools. These categories are subject to dynamic market trends, with supply chain logistics playing a crucial role in ensuring timely delivery and calibration of medical consumables, critical care supplies, and surgical supplies. Hospital furniture, clinical research equipment, and healthcare technology, such as medical imaging systems, drug delivery systems, and infection prevention devices, are also integral components of the market.
• Orthopedic and cardiology devices, neurological devices, automated dispensing systems, assistive devices, rehabilitation supplies, and laboratory diagnostics are other essential categories. The integration of medical technology and sterile processing solutions continues to streamline hospital operations and improve patient outcomes.

How is this market segmented?

The market research report provides comprehensive data (region-wise segment analysis), with forecasts and estimates in "USD billion" for the period 2024-2028, as well as historical data from 2018-2022 for the following segments.

• Product
  • Consumables
  • Devices
• End-user
  • Hospitals
  • Clinics
  • Others
• Geography
  • North America
    • US

By Product Insights

The consumables segment is estimated to witness significant growth during the forecast period.

The hospital supplies market in the US is characterized by the significant usage of various types of medical devices, imaging equipment, patient monitoring systems, hospital beds, and consumables. Medical devices encompass anesthesia machines, oncology supplies, diagnostic equipment, lab equipment, pharmaceutical supplies, respiratory equipment, operating room supplies, and equipment maintenance. These devices facilitate efficient and effective healthcare delivery. Sterilization methods, disposable supplies, inventory control, and sterile dressings are essential components of the hospital supplies market. Infection control, wound care products, and mobility aids are also vital, especially in intensive care units and rehabilitation centers. Biomedical engineering plays a crucial role in designing and manufacturing orthopedic implants, iv administration sets, surgical drapes, and neurology and cardiology supplies.

The consumables segment, including gloves, gowns, face masks, drapes, bandages, and surgical sponges, is a significant contributor to the market. These products are essential for surgical and non-surgical applications, such as radiology, sterilization, dialysis, and wound care. The increasing number of surgical procedures, growing demand for various diagnostic procedures, rising incidences of contagious and infectious diseases, and the increasing awareness among healthcare providers to maintain safety and hygiene in hospitals are driving the growth of the consumables segment. Pharmacy automation and clinical trials further enhance the efficiency and accuracy of hospital operations. The market is also witnessing the integration of emergency medical supplies and medical waste disposal services to ensure uninterrupted patient care and maintain a clean and safe environment.

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The Consumables segment was valued at USD 6.83 billion in 2018 and showed a gradual increase during the forecast period.

Market Dynamics

Our researchers analyzed the data with 2023 as the base year, along with the key drivers, trends, and challenges. A holistic analysis of drivers will help companies refine their marketing strategies to gain a competitive advantage.

What are the US Hospital Supplies Market drivers leading to the rise in adoption of the Industry?

• The surge in the adoption of surgical procedures serves as the primary catalyst for market growth.

• The hospital supplies market in the US is experiencing significant growth due to the increasing prevalence of various chronic diseases such as cancer, cardiovascular diseases (CVDs), diabetes, chronic obstructive pulmonary diseases (COPDs), bone diseases, thrombosis, liver diseases, and renal diseases. These conditions necessitate frequent hospital visits for diagnostic and therapeutic purposes. In some cases, such as COPDs, hospitalization is essential for proper patient monitoring. Consequently, the use of medical supplies like syringes, needles, and oxygen masks becomes necessary during treatment.
• The rising number of patients requiring treatments that involve disposable supplies is, therefore, fueling the expansion of the hospital supplies market. It is important to note that this market growth is driven by the increasing healthcare needs arising from the prevalence of chronic medical conditions.

What are the US Hospital Supplies Market trends shaping the Industry?

• The aging population represents a significant market trend in the present day. This demographic shift is expected to drive growth in various industries, particularly those catering to the unique needs of the geriatric population.

• The healthcare industry's demand for hospital supplies continues to grow due to the aging population and increasing prevalence of chronic diseases. Medical devices, including medical imaging equipment, anesthesia machines, patient monitoring systems, and hospital beds, are in high demand. Sterilization methods and disposable supplies are essential for maintaining a clean and safe hospital environment. Inventory control is crucial to ensure the availability of these supplies and prevent stockouts. Medical devices, such as medical imaging and patient monitoring systems, enable accurate diagnosis and effective treatment. Hospital beds provide comfort and support for patients, while anesthesia machines ensure safe surgical procedures.
• Sterilization methods and disposable supplies help prevent infections and maintain hygiene. The market dynamics include increasing healthcare expenditures, technological advancements, and regulatory requirements. Effective inventory control is essential to ensure the availability of these supplies and prevent stockouts. Hospitals and healthcare providers must manage their inventory levels to meet patient demand while minimizing costs. The use of technology, such as automated inventory management systems, can help streamline processes and improve efficiency. In conclusion, the hospital supplies market is driven by the aging population, increasing prevalence of chronic diseases, and the need for safe and effective healthcare delivery.
• Medical devices, medical imaging, patient monitoring, hospital beds, sterilization methods, and disposable supplies are all critical components of this market. Effective inventory control is essential to ensure the availability of these supplies and maintain a clean and safe hospital environment.

How does US Hospital Supplies Market face challenges during its growth?

• Product recalls pose a significant challenge to industry expansion, as they can negatively impact a company's reputation and financial performance.

• Healthcare supplies play a crucial role in various medical procedures for end-users such as hospitals, clinics, ambulatory surgical centers, and diagnostic laboratories. These supplies include oncology supplies, diagnostic equipment, lab equipment, pharmaceutical supplies, respiratory equipment, operating room supplies, and equipment maintenance, among others. The development and commercialization of these supplies involve rigorous testing and approval processes to ensure their safety and efficacy. However, product recalls can occur due to design or labeling issues, manufacturing defects, or technical errors. For instance, in January 2022, Medtronic Inc. recalled its HawkOne Directional Atherectomy System due to the risk of tip damage during use, identified as a Class I recall by the FDA.
• Ensuring the quality and safety of healthcare supplies is essential to provide optimal patient care and prevent any potential harm.

Exclusive US Hospital Supplies Market Customer Landscape

The market forecasting report includes the adoption lifecycle of the market, covering from the innovator's stage to the laggard's stage. It focuses on adoption rates in different regions based on penetration. Furthermore, the report also includes key purchase criteria and drivers of price sensitivity to help companies evaluate and develop their market growth analysis strategies.

Customer Landscape

Key Companies & Market Insights

Companies are implementing various strategies, such as strategic alliances, market forecast partnerships, mergers and acquisitions, geographical expansion, and product/service launches, to enhance their presence in the market.

The market research and growth report includes detailed analyses of the competitive landscape of the market and information about key companies, including:

• 3M Co.
• Abbott Laboratories
• ASP Global Manufacturing GmbH
• Avanos Medical Inc.
• B.Braun SE
• Banner health
• Baxter International Inc.
• Becton Dickinson and Co.
• Boston Scientific Corp.
• Cardinal Health Inc.
• CVS Health Corp.
• Fresenius Kabi AG
• General Electric Co.
• Johnson and Johnson Inc.
• Kimberly Clark Corp.
• Medtronic Plc
• Smith and Nephew plc
• Stryker Corp.
• Thermo Fisher Scientific Inc.
• Williams Medical Supplies Ltd.

Qualitative and quantitative analysis of companies has been conducted to help clients understand the wider business environment as well as the strengths and weaknesses of key market players. Data is qualitatively analyzed to categorize companies as pure play, category-focused, industry-focused, and diversified; it is quantitatively analyzed to categorize companies as dominant, leading, strong, tentative, and weak.

Recent Development and News in Hospital Supplies Market In US

• In January 2024, Medtronic plc, a leading medical technology, services, and solutions company, announced the acquisition of Patriot Medical Holdings, Inc., a significant player in the hospital supplies market specializing in advanced wound care and infection prevention solutions. This strategic move expanded Medtronic's portfolio and market reach in the hospital supplies sector (Medtronic Press Release, 2024).
• In March 2024, 3M, a multinational corporation operating in the industry, received FDA approval for its new Nexcare Transparent Waterproof Dressing, designed to improve patient comfort and wound care outcomes. This innovation showcased 3M's commitment to advancing healthcare technology and responding to the evolving needs of healthcare providers and patients (3M Press Release, 2024).
• In May 2025, Stryker Corporation, a Fortune 500 company and leading medical technology firm, entered into a strategic partnership with the University of Pittsburgh Medical Center (UPMC) to develop and manufacture customized surgical instruments. This collaboration aimed to enhance the efficiency and effectiveness of surgical procedures, as well as reduce costs for UPMC and its patients (Stryker Press Release, 2025).
• In the same month, Cardinal Health, a global, integrated healthcare services and products company, completed a USD 6.5 billion acquisition of Allegiance Healthcare, a leading provider of pharmaceuticals, medical-surgical products, and services. This merger significantly expanded Cardinal Health's product offerings and market presence within the hospital supplies market (Cardinal Health Press Release, 2025).

Research Analyst Overview

The hospital supplies market in the US continues to evolve, driven by advancements in medical technology and the ever-changing healthcare landscape. Oncology supplies, diagnostic equipment, lab equipment, pharmaceutical supplies, respiratory equipment, operating room supplies, and equipment maintenance are integral components of this dynamic market. Oncology supplies, such as chemotherapy drugs and associated equipment, are in high demand as the number of cancer diagnoses continues to rise. Diagnostic equipment, including magnetic resonance imaging (MRI) and computed tomography (CT) scanners, enable accurate and early disease detection, driving growth in this sector. Lab equipment, including centrifuges and microscopes, facilitate the analysis of patient samples, while pharmaceutical supplies ensure the availability of essential medications.

Respiratory equipment, such as ventilators and nebulizers, are crucial for patients with respiratory conditions. Operating room supplies, including surgical instruments and sterile drapes, are essential for safe and effective surgeries. Equipment maintenance and inventory control are vital for ensuring the functionality and availability of these supplies. Biomedical engineering plays a significant role in the development of advanced medical devices, such as anesthesia machines, IV administration sets, and orthopedic implants. Infection control and wound care products are also essential for maintaining patient health and safety. The market for emergency medical supplies, rehabilitation equipment, medical waste disposal, intensive care supplies, and neurology and cardiology supplies is also growing, reflecting the diverse needs of the healthcare industry.

Pharmacy automation and mobility aids are additional areas of focus, enhancing efficiency and improving patient care. The hospital supplies market is a complex and continuously evolving ecosystem, requiring effective supply chain management and clinical trials to ensure the delivery of high-quality, safe, and effective products.

Dive into Technavio's robust research methodology, blending expert interviews, extensive data synthesis, and validated models for unparalleled Hospital Supplies Market in US insights. See full methodology.

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What are the Key Data Covered in this Market Research Report?

• CAGR of the market during the forecast period
• Detailed information on factors that will drive the market growth and forecasting between 2024 and 2028
• Precise estimation of the size of the market and its contribution of the market in focus to the parent market
• Accurate predictions about upcoming market growth and trends and changes in consumer behaviour
• Growth of the market across US
• Thorough analysis of the market's competitive landscape and detailed information about companies
• Comprehensive analysis of factors that will challenge the growth of market companies

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