The global Hospital Equipment and Supplies market is forecasted to grow at a rate of 12.3% from USD 39.54 billion in 2023 to USD 95.00 billion in 2032. An increase in the adoption of disposable supplies in hospitals all across the globe to avoid hospital-acquired infections (HAIs) and limit their spread is driving the demand for the market. The advancement in technology has led to the development of innovative medical technologies and better diagnostic techniques that are further propelling market demand.
With the emergence of complicated diseases, there is a need for advanced therapies and equipment for treatment and diagnosis. Increasing illness is enabling hospital facilities to purchase the latest medical equipment. Apart from these diseases, the growing incidence of inflammatory and communal diseases, such as sexually transmitted diseases, and pneumococcal disease is augmenting the demand for the products.
Increasing cases of hospital-acquired infections (HAI) are also driving the market. According to the CDC, HAIs account for an estimated 1.7 million infections and 99,000 associated deaths each year. Patients who acquire this infection are likely to spend an additional 6.5 days in the hospitals and are five times more likely to be readmitted after discharge and twice as likely to die. Healthcare workers are taking great strides to reduce these infections and eliminate HAIs.
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Medical equipment will witness an increased demand during the COVID-19, and hospital equipment manufacturers are trying to take complete advantage of the exponential demand. Medical supplies across the world are facing shortage in supply of these products owing to the lockdown of several factories and industries due to the imposition of physical distancing.
Product Outlook:
The disposable hospital supplies segment held the largest market share. The elevation and enforcement of infection prevention standards, along with a growing number of surgical, hospital, and outpatient procedures, will promote the demand of the segment. The demand for disposable medical supplies in developed nations such as the United States, Western Europe, Japan will grow at a slow pace owing to the already well-established medical system. By contrast, BRIC countries like Brazil, China, Russia, and India, will exceed the average world demand as they expand their health care sectors, modernize, and adapt to formal infection prevention protocols.
The EPA or Environmental Protection Agency has imposed several regulations for proper disposal of toxic waste, medical waste removal processes, and collection of biohazard waste. The health care facilities need to adhere to the rules of proper medical waste disposal, which restricts the use of disposable supplies.
Expenditure Type Outlook:
Public hospital’s expenditure on the medical supplies and equipment was significantly lower than that of the public sector. The government in the developing nations are investing very less in the required supplies and equipment. Programs are being launched to enhance the hospital situations in the region, but currently, it is far from adequate. India spent 3.53% of GDP on health, less than Nepal, Sri Lanka, in 2023. The same year, China spent 5.15%, Indonesia 2.99%, and Bangladesh 2.27%. The government of these countries is taking initiatives to improve their hospitals, but the expenditures in hospital supplies and equipment are low.
Lack of proper availability of hospital supplies in public hospitals has reflected desperately during the COVID-19 pandemic. Shortages of supplies like gloves, medical masks, respirators, goggles, face shields, gowns, and aprons are leaving doctors, nurses, and other frontier workers exposed to the virus. Since the start of the COVID-19 outbreak, prices have surged. Surgical masks have seen a sixfold increase, N95 respirators have trebled, and gowns have doubled.
Distribution Channel Outlook:
Hospitals administrators can purchase supplies through a wholesale organization or negotiate directly with wholesalers or distributors, all of whom are doing a larger share of their business online. Hospital supply and equipment manufacturers, as well as distributors, have become more prevalent online. The online platform is gaining traction as more and more hospitals are turning to the online suppliers for better deals.
Sales of medical supplies online are also rocketing. Strengthening its move into healthcare, Amazon is planning to turn its developing medical supplies business into a major supplier to the U.S. In February 2023, Amazon announced that it would collaborate with Berkshire Hathaway and, JPMorgan Chase & Co. to launch a new company aimed at lowering the cost for the United States employees.
Regional Outlook:
There is an increasing concern in the chronic diseases in Europe, which is affecting one-third of the population aged 15 and above. The rise in awareness is increasing the number of people attending hospital, which is fueling the demand for supplies and equipment. According to the World Population Ageing 2019 report, the number of people above 65 years in the Netherlands was 3.352 million, and the number of expected to reach 4.295 million in 2030. Similarly, it is expected to rise in Greece from 2.298 million to 2.630 million.
The geriatric population is more susceptible to acute and chronic diseases, thus, high hospital admission rates. The region has a strong healthcare system in terms of the infrastructure, hospital supplies, hospital beds, and equipment, which has aided the region in acquiring a significant market share. The well-established private hospitals contribute heavily to this.
Market-O-Nomics
- According to the WHO, chronic disease incidence is expected to grow by 57% by 2026. The global pandemic is also increasing. These factors are driving the demand for hospital supplies and equipment.
- The CDC estimates that HAIs are estimated to account for 1.7 million infections and 99,000 deaths associated with it every year in the United States. To avoid transmission and contamination of hospital supplies, the organization has recommended the usage of high barrier gowns, drapes, gloves, and high-level disinfectants in hospital and ambulatory operating rooms. This is expected to drive the disposable hospital supplies segment. It held a market share of 22.6% in the year 2019.
- Retail medical stores are popular with hospitals as they keep them updated with the latest equipment and supplies. The retail, medical store distribution channel is forecasted to grow with a CAGR of 12.4% during the forecast period.
- Studies show that 79% of the hospitals value help from medical supply distributors to understand new requirements and regulations.
- There is a rapid growth in the Chinese hospital industry owing to the high growth rate the country has witnessed. The private hospitals in the country have expanded through mergers and acquisitions, self-establishment, associates, and other forms, joint ventures.
- The high growth rate of the geriatric population is a factor driving the market demand. It is estimated by the year 2050, one in every four people in the region will be over the age of 60. This will create a demand for the supplies and equipment in the long run as well. APAC is forecasted to grow with a CAGR of 13.5% during the forecast period.
Companies considered and profiled in this market study
Johnson & Johnson, Baxter International, Medtronic, Boston Scientific Corporation, GE Healthcare, Smith & Nephew, Stryker Corporation, B Braun, Thermo Fisher Scientific, and Covidien have been profiled in the report. They are the major manufacturers of the product.
The players operating in the market have undertaken a number of strategies related to the market in the period 2023-2026. The key highlight is:
- In March 2026, Ford Motor Co. announced that they would directly work with GE Healthcare and 3M to help ramp up the production of preventative and medical care equipment. The Dearborn, Michigan-based truck maker is working with 3M on a design for Powered Air-Purifying Respirators, or PAPRs.
- In October 2023, Stryker’s Sustainability Solutions division announced an agreement with Royal Philips to allow health systems engaged in a single-use device (SUD) reprocessing with Stryker to purchase new and reprocessed Philips ECG leads for one low price. To simplify the supply chain, Save Simply program is a unique way which helps in controlling the costs of the devices, and lowers the environmental footprint. This helps in savings of USD 300 million to U.S. health systems annually, and helps in bringing down the cost of supplies for the hospitals.
Start-up Traction
The industry offers numerous growth opportunities. Thus, a number of startups providing innovative products and technologies have been entering the market. Some of medical supply companies include Medikabazaar, Aegle Gear, Smarterials Technology, Novo Health Services, and Nexera Medical.
Medikabazaar, an online B2B platform for hospital supplies and equipment, is in the process of raising USD 26.29 Million (or 200 crores) from venture capital investors in Japan, Belgium, and Germany. The Mumbai-based startup, founded in 2015 by Ketan Malkan and Vivek Tiwari, sells medical and hospital supplies to more than 20,000 hospitals and clinics across 23 cities in India.
Deals Landscape
Mergers and Acquisitions are an integral part of the Hospital Equipment and Supplies industry. Along with the companies operating in the market, other key market players have also been entering the industry.
- In March 2026, GE Healthcare and Ford Motor Company announced plans to work together to scale up the production of ventilators — a move aimed to arm clinicians with vital medical equipment to treat patients with COVID-19, the respiratory illness caused by the new coronavirus. Equipped with the essential functions required to treat COVID-19, the new system will be built specifically to address the urgent needs of the pandemic.
- In February 2026, Becton, Dickinson and Company and Babson Diagnostics, announced a long-term strategic partnership agreement to bring laboratory-quality, small-volume blood collection to retail pharmacies. The partnership will emerge as a healthcare trend towards quicker and less expensive laboratory testing equipment in a patient-friendly setting and at convenient hours.
Expert Insights:
Reports and Data forecast promising developments for increased adoption of Hospital Equipment and Supplies technology. According to industry experts, equipment and supplies relating to protection against COVID-19 will usher in the market and are soon to be seen in the industry. Moreover, new manufacturers are expected to enter the market, which is likely to provide platform-centric equipment and supplies for hospitals. New companies entering the industry would focus on innovating and providing through advanced technologies, thereby reducing complexity and lowering the overall total cost of operation. Experts also believe that increase in the adoption of the latest technology in emerging nations would be a key development area for the industry.
Segments Covered in the report
This report forecasts revenue growth at a global, regional & country level, and provides an analysis of the market trends in each of the sub-segments from 2023 to 2032. The scope of the report can be defined as:
For the purpose of this report, have segmented into the global Hospital Equipment and Supplies market on the basis of product, expenditure type, distribution channel, and region:
Product Outlook (Revenue, USD Billion; 2023-2032)
- Disposable Hospital Supplies
- Drapes
- Gloves
- Gowns
- Procedure Kits and Trays
- Mobility Aids and Transportation Equipment
- Stretchers
- Wheelchairs
- Operating Equipment
- Operating Room Lights
- Operating Room Tables
- Patient Examination Devices
- Stethoscope
- Thermometer
- Sterilization and Disinfectant Equipment
- Chemical Sterilization
- Physical Sterilization
- Radiation Sterilization
- Syringes and Needles
- General Syringes
- Specialized Syringes
Expenditure Type Outlook (Revenue, USD Billion; 2023-2032)
- Public Hospitals
- Private-Profit Hospitals
- Private-Non Profit Hospitals
Distribution Channel Outlook (Revenue, USD Billion; 2023-2032)
- Pharmacies
- Retail Medical Stores
- Online Retailers
Regional Outlook (Revenue, USD Billion; 2023-2032)
- North America
- U.S
- Europe
- U.K
- France
- Asia Pacific
- China
- India
- Japan
- MEA
- Latin America
- Brazil
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