United States Hospital Supplies Market Size

United States Hospital Supplies Market Analysis

The United States hospital supplies market is expected to register a CAGR of 11.2% during the forecast period.

• The COVID-19 pandemic had a significant impact on the market growth for US hospital supplies. For instance, an article published in the National Library of Medicine (NLM) in May 2021 mentioned that sanitizers and disinfectants were crucial preventative measures against coronavirus infection, and thus these supplies witnessed a notable demand throughout the pandemic phase. Thus, these aforementioned factors demonstrate that the COVID-19 pandemic had a considerable impact on the market's growth and is expected to continue over the coming few years. 
• However, with the emergence of newer variants of the virus that are still being treated, hospital supply chains are working to enable efficient delivery of patient care in the event of a recurrence or future pandemic. Thus, the hospital supplies market in the United States is expected to project stable growth in the coming years.
• The major factors driving the growth of the market include increased incidences of communicable diseases coupled with the growing public awareness about hospital-acquired infections are contributing to the overall growth of the hospital supplies market. For instance, according to the Centers for Disease Control and Prevention (CDC), in 2022, each day, approximately one in 31 US patients and 1 in 43 nursing home residents contracts at least one infection in association with their healthcare, underscoring the need for improvements in patient care practices in US healthcare facilities. Thereby, the high rate of hospital-acquired infections is elevating the need for hospital supplies that can restrict the growth of infection.
• Additionally, the rise in chronic diseases such as cardiovascular diseases, cancer, and others requires extended hospital stays and surgeries. According to the American Health Association 2022, there were around 33,356,853 hospital admissions in 2022. Many of these admissions were due to chronic diseases and critical procedures like heart bypass surgery. Thus, the increasing number of hospital admissions is expected to create the need for hospital supplies and thereby boost the market in the country.
• Increasing government funds towards hospital supplies is increasing the prominence of the market within the United States. For instance, the United States Department of Health and Human Services (HHS) published in February 2022 stated that HHS has invested USD 250 million in the United States-based manufacturing of personal protective equipment (PPE) and USD 950 million in manufacturing the supplies and equipment needed for vaccines, therapeutics, and diagnostic tests. These factors are expected to boost the market growth in the country, contributing to the overall growth of the market studied.
• Therefore, owing to the aforementioned factors, such as increased incidences of communicable diseases coupled with the growing public awareness about hospital-acquired infections, the studied market is anticipated to witness growth over the analysis period. However, stringent regulatory frameworks and the emergence of home care services are likely to impede the market growth.