Medical Supplies and Labware Market Size to Worth USD 234.21 Bn by 2034

The global medical supplies and labware market size is calculated at USD 157.6 billion in 2025 and is expected to reach around USD 234.21 billion by 2034, growing at a CAGR of 4.50% for the forecasted period.

Ottawa, Sept. 23, 2025 (GLOBE NEWSWIRE) -- The global medical supplies and labware market size was valued at USD 150.81 billion in 2024 and is predicted to hit around USD 234.21 billion by 2034, rising at a 4.50% CAGR, a study published by Towards Healthcare a sister firm of Precedence Research.

The global medical supplies and labware market is driven by the expanding healthcare, increasing R&D, and growing disease burden.

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Key Takeaways

North America held a major revenue of 43% share of the market in 2023.
Asia Pacific is expected to witness the fastest growth in the medical supplies and labware market during the forecast period.
By type, the medical supplies segment dominated the market in 2024.
By type, the labware segment is expected to grow significantly during the forecast period.
By material, the plastic segment dominated the market in 2024.
By material, the metals segment is expected to be the fastest growing during the forecast period.
By application, the therapeutics segment dominated the market in 2024
By application, the diagnostics segment is expected to grow significantly during the forecast period.
By end-use, the hospitals & clinics segment dominated the market in 2024.
By end-use, the home healthcare segment is expected to be the fastest growing during the forecast period.

What are the Medical Supplies and Labware?

The medical supplies and labware refer to the products, consumables, instruments, and tools that can be used for diagnosis, treatment, and surgical applications. They are used to prevent the spread of diseases, wound dressing, conducting surgeries, collecting samples, drug discovery and development, avoiding contamination, etc. This, in turn, is increasing their demand in the healthcare sector. The factors such as expanding healthcare, growing diseases, and technological advancements are fueling the market growth.

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What are the Major Growth Drivers Medical Supplies and Labware Market?

The growing demand for point-of-care testing (POC) is the major driver increasing the demand for medical supplies and labware. As the POC provides faster results, its use is increasing. Their growing innovations and portability are increasing their use for diagnostic purposes. Moreover, increasing surgeries, growing demand for disposable products, and growing demand for personalized treatments are some other market drivers.

What are the Key Drifts in the Medical Supplies and Labware Market?

The market has been expanding due to the growing government initiatives, investments, and funding to launch and promote the use of different types of medical supplies and labware.

In July 2025, new initiatives will be launched by the European Union to stockpile critical medical equipment and vaccines for future health crises, which was announced by the European crisis chief Hadja Lahbib. To avoid the shortage of masks and vaccines as experienced in the COVID-19 pandemic, will be the aim of this initiative.
In July 2025, an agreement for investing in the Optionally Convertible Preference Shares of iCaltech Innovations Private Limited was signed between Cipla Limited and iCaltech, where iCaltech focuses on the designing, development, and commercialisation of diagnostic apparatus and medical equipment for respiratory care.
In January 2025, USD 3.4 million was secured by Zoplar, which is a platform simplifying medical equipment procurement for small and medium-sized hospitals in India, in the Series A funding round. To transform the MedTech buying experience of smaller healthcare facilities in India will be the aim of Zoplar.
In January 2025, ₹940 crore was secured by Neuberg Diagnostics from Kotak Strategic Situations India Fund II, where these investments will back the plans of Neuberg aimed at integrated diagnostics, personalized medicine, mergers, and acquisitions.

What is the Significant Challenge in the Medical Supplies and Labware Market?

Supply chain interruptions are a major limitation in the market as they can delay product delivery. This can create their shortages. This can minimize the trust of the healthcare providers. Other market challenges are high cost, product contamination, regulatory hurdles, and environmental concerns.

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Regional Analysis

Why did North America Dominate the Medical Supplies and Labware Market in 2023?

North America captured the biggest revenue share of the medical supplies and labware market in 2023. The presence of advanced healthcare increased the use of medical supplies and labware. The growth in R&D also increased their use. The growing diseases and technological innovation have enhanced their innovation rates. Their adoption was also promoted by the healthcare investments.

What Made Asia Pacific the Fastest Growing Region in the Medical Supplies and Labware Market in 2023?

The Asia Pacific is estimated to be the fastest-growing region in the medical supplies and labware market during the upcoming years. The healthcare sector is expanding, which is increasing the demand for medical supplies and labware. The growing population is increasing the incidence of diseases, increasing its use. The growing medical tourism and awareness are also increasing their adoption rates.

Segmental Insights

By type analysis

Why Did the Medical Supplies Segment Dominate in the Medical Supplies and Labware Market in 2024?

By type, the medical supplies segment led the market in 2024, as they were essential for various procedures. They were repeatedly required, which increased their use. Moreover, they were used for various treatments, diagnostic, or surgical applications.

By type, the labware segment is expected to show lucrative growth during the predicted time. Their use is increasing due to growing R&D and clinical trials. Additionally, the growing early diagnosis and development of precision medicine are also increasing its use.

By material analysis

Which Material Type Segment Held the Dominating Share of the Medical Supplies and Labware Market in 2024?

By material, the plastic segment held the dominating share of the market in 2024, due to its durability. They were lightweight and affordable, which increased their use in various settings. Additionally, they were preferred during sterilization, chemical reactions, and were also available for single-use, which enhanced their utilization.

By material, the metals segment is expected to show the highest growth during the predicted time. Due to their reusability, they are being preferred. Moreover, they are mostly used in surgical procedures as they can be easily sterilized.

By application analysis

What Made Therapeutics the Dominant Segment in the Medical Supplies and Labware Market in 2024?

By application, the therapeutics segment held the largest share of the market in 2024, driven by enhanced patient volume. This, in turn, increased the use of various medical supplies and labware. Moreover, the growing diseases and drug development also contributed to the same.

By application, the diagnostics segment is expected to show lucrative growth during the upcoming years. The growing demand for early diagnosis and POC testing is increasing the use of medical supplies and labware. Moreover, growing screening programs and personalized treatment approaches are also increasing their use.

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By end-use analysis

How the Hospitals & Clinics Segment Dominated the Medical Supplies and Labware Market in 2024?

By end-use, the hospitals & clinics segment led the market in 2024, due to a large volume of patients. The medical supplies and labwares were used for diagnosis, treatment, and surgeries. This, in turn, increased their adoption rates to meet the growing number of patients.

By end-use, the home healthcare segment is expected to show the highest growth rate during the upcoming years. The increasing chronic diseases and aging population are increasing their use at home. Moreover, to enhance patient convenience, these supplies are also being used to develop portable devices.

Recent Developments in the Medical Supplies and Labware Market

In June 2025, Amazon Diagnostics, which is a new at-home diagnostics service, providing booking, scheduling, and tracking of appointments along with access to the digital reports through the Amazon app, and was launched by Amazon India.
In April 2025, a surgical instrument, titled “Erbe TriSect Rapide,” which ensures minimal tissue damage, instrument exchanges, and blood loss during the surgical procedures, was launched by GEM Hospital.
In January 2025, with an aim to enhance the affordability, convenience, and accessibility of medical supplies, Pure Breathe Respiratory Care company was launched, which provides reliable respiratory care medical supplies directly to patients.

Browse More Insights of Towards Healthcare:

The global smart medical devices market was valued at USD 24.82 billion in 2024, rose to USD 26.62 billion in 2025, and is anticipated to reach nearly USD 49 billion by 2034, growing at a CAGR of 7.26% from 2025 to 2034.

The global IoT medical devices market stood at USD 82.45 billion in 2024, increased to USD 105.54 billion in 2025, and is projected to soar to about USD 971.27 billion by 2034, registering a robust CAGR of 28% during 2025–2034.

The global medical device contract manufacturing market was valued at USD 78.61 billion in 2024, expanded to USD 87.14 billion in 2025, and is forecasted to hit nearly USD 220.57 billion by 2034, advancing at a CAGR of 10.86% between 2025 and 2034.

The global medical device outsourcing market reached USD 160.3 billion in 2024, climbed to USD 180.59 billion in 2025, and is projected to achieve about USD 507.89 billion by 2034, reflecting a CAGR of 12.65% from 2025 to 2034.

The global pain management devices market was worth USD 7.68 billion in 2024, grew to USD 8.41 billion in 2025, and is anticipated to reach nearly USD 19.1 billion by 2034, expanding at a CAGR of 9.54% over the forecast period.

The global medical device CRO market stood at USD 8.49 billion in 2024, rose to USD 9.25 billion in 2025, and is expected to touch approximately USD 19.9 billion by 2034, growing at a CAGR of 8.98% between 2025 and 2034.

The global wearable medical devices market was valued at USD 42.78 billion in 2024, expanded to USD 53.68 billion in 2025, and is projected to surge to around USD 408.61 billion by 2034, witnessing a strong CAGR of 25.57% from 2025 to 2034.

The global implantable medical devices market recorded USD 97.17 billion in 2024, rose to USD 103.14 billion in 2025, and is anticipated to reach about USD 176.33 billion by 2034, growing at a steady CAGR of 6.14% throughout 2025–2034.

The global medical device testing market was valued at USD 10.77 billion in 2025 and is forecasted to reach nearly USD 24.32 billion by 2034, registering a CAGR of 9.47% during the forecast period.

The global medical devices market totaled USD 551.3 billion in 2024, increased to USD 586.2 billion in 2025, and is expected to hit around USD 1,022.50 billion by 2034, advancing at a CAGR of 6.34% from 2025 to 2034.

Medical Supplies and Labware Market Key Players List

Fresenius Medical Care AG & Co. KGaA
Terumo Corporation
Medtronic
B. Braun Melsungen AG
Johnson & Johnson
Cardinal Health, Inc.
Boston Scientific Corporation
BD
3M
Thermo Fisher Scientific, Inc.
ConvaTec Group Plc.
Baxter International, Inc.
Cook Medical
Abbott
Teleflex Incorporated
Smith & Nephew
Coloplast Group
Stryker
Avanos Medical, Inc.
Sky Medical Supplies
Merit Medical Systems

Segments Covered in The Report

By Type

Medical Supplies
- Disposable Products
  - Gloves
  - Syringes
  - Needles
  - Drapes
  - Bandages and Dressings
  - Catheters
  - IV Bags and Tubing
- Diagnostics Supplies
  - Pregnancy Tests
  - Blood Glucose Test Strips
  - Cholesterol Test Strips
- Surgical Supplies
  - Sutures
  - Staplers
  - Surgical Instruments
- Respiratory Supplies
  - Oxygen Masks
  - Nebulizers
  - Inhalers
- Others
Labware
- General Labware
- Specialized Labware
- Plasticware
- Glassware

By Material

Plastic
Metal
Glass
Ceramic
Others

By Application

Diagnostics
Therapeutics
Research
Other

By End-Use

Hospitals and Clinics
Home Healthcare
Diagnostic Laboratories
Academic and Research Institutes
Pharmaceutical and Biotechnology Companies
Others

By Region

North America

U.S.
Canada

Asia Pacific

China
Japan
India
South Korea
Thailand

Europe

Germany
UK
France
Italy
Spain
Sweden
Denmark
Norway

Latin America

Brazil Mexico
Argentina

Middle East and Africa (MEA)

South Africa
UAE
Saudi Arabia
Kuwait

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About Us

Towards Healthcare is a leading global provider of technological solutions, clinical research services, and advanced analytics, with a strong emphasis on life science research. Dedicated to advancing innovation in the life sciences sector, we build strategic partnerships that generate actionable insights and transformative breakthroughs. As a global strategy consulting firm, we empower life science leaders to gain a competitive edge, drive research excellence, and accelerate sustainable growth.

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