Market Trends of United States Hospital Supplies Industry
Disposable Hospital Supplies Segment is Expected to Witness Growth Over the Forecast Period
Disposable hospital supplies are one-time-use products, such as consumables, medical apparatus, and disposable devices, which are consumed in large figures across all hospitals. These products, such as suction catheters, bandages and wraps, exam gowns, surgical sponges, face masks, hypodermic needles, gloves, and needles, are in continuous use by all hospital professionals in any domain, from cleaning to surgical theaters, as well as administrative departments, in some cases.
The segment鈥檚 growth is due to the rising concern of safety and cleanliness against hospital-acquired infections, as well as maintaining hygiene across hospitals, which are expected to drive market growth.
Moreover, according to a report published by the American Hospital Association in May 2024, hospital supplies constituted approximately 10.5% of the average hospital鈥檚 budget. Medical supply expenses collectively accounted for USD 146.9 billion in 2023, an increase of USD 6.6 billion over 2022. Such advancement is expected to boost market growth in the country.
According to a report published by the Sage Open Medicine Journal in April 2022, in the United States, approximately 1.7 million hospitalized patients each year acquired healthcare-associated infections (HAIs) or nosocomial infections (NIs) while receiving treatment for other health conditions. Therefore, a high number of infections is elevating the need for more disposable hospital supplies in order to minimize infections and treat patients. This, in turn, is elevating the growth of the market.
Therefore, the disposable hospital supplies segment is expected to witness significant growth over the forecast period due to the rising concern of safety and cleanliness, rising incidence of hospital-acquired infections, and infections.
Sterilization and Disinfectant Equipment is Expected to Register Notable Growth in the Hospital Supplies Market
Sterilization equipment is used to eliminate and disinfect other biological agents. Similarly, disinfectant equipment is used for cleaning that is suitable for sanitizing surfaces- floors, counters, etc. This powerful disinfectant is registered with the Environmental Protection Agency (EPA) as a hospital-level solution that kills bacteria and pathogenic viruses and destroys fungi.
Hospitals are notably spending on supplies to maintain the cleanliness of equipment (such as prevention of healthcare-associated infections), surgical instruments, and staff hygiene. To avoid infections in hospital settings and home care, sterilization, and disinfectant products are in high demand among end users. This is anticipated to drive the segment's growth over the forecast period.
According to a report published by the Chapter Metrics Journal in April 2023, urinary tract infections (UTIs) are bacterial infections that impacted approximately 150 million individuals globally each year. In the United States, it is estimated that 0.9% of all ambulatory patients, equating to 10.5 million people, experience UTI symptoms, and between 2 and 3 million individuals seek treatment in emergency departments. The significant number of individuals experiencing UTI symptoms and seeking treatment is expected to drive the demand for hospital supplies in the United States, supporting market growth during the forecast period.
Additionally, the US Food and Drug Administration (US FDA) is continuing its efforts to support innovation in medical device sterilization. For instance, in June 2022, the FDA launched the EtO Sterilization Master File Pilot Program for premarket approval (PMA) holders of high-risk devices that enables certain changes between sterilization processes and facilities that reduce the amount of ethylene oxide concentrations used to sterilize medical devices without compromising safety and effectiveness. These factors are expected to boost market growth in the country, contributing to the overall growth of the market studied.
Therefore, the sterilization and disinfectant equipment segment is expected to witness significant growth over the forecast period due to the abovementioned factors, such as the increasing number of hospital-acquired infections.
