The Global Medical Disposables Market accounted for US$ 365 Bn in 2021 and is expected to reach US$ 1,424 Bn by 2030 with a considerable CAGR of 16.8% during the forecast timeframe of 2022 to 2030.
Medical disposables are instruments that are designed to be used only once or for a limited period of time. They are very simple to use and do not require any maintenance or sterilization. Medical disposables are products that can be used in health facilities or other medical settings to avoid infection and to meet medical standards. Medical disposables are essential to decrease the risk of cross-contamination and infection, which is a primary goal of healthcare professionals and governments all over the world. Over time, new materials that are more successful in terms of protection while also being less expensive have been designed to meet the requirements of all healthcare facilities, small and large. However, products that improve the overall performance, infection prevention, and efficacy are driving global demand for medical disposables.
· Increase in incidences of hospital-acquired infections (HAI)
· Rising number of surgical procedures
· Growing awareness concerning the importance of maintaining health and hygiene
· Increase in waste generated due to disposable items
· Inadequate reimbursement for these devices
· Increasing incidence of chronic conditions
· Growing geriatric population
|Market||Medical Disposables Market|
|Market Size 2021||US$ 365 Bn|
|Market Forecast 2030||US$ 1,424 Bn|
|CAGR||16.8% During 2022 - 2030|
|Analysis Period||2018 - 2030|
|Forecast Data||2022 - 2030|
|Segments Covered||By Product, By Raw Material, By End-use, And By Geography
|Regional Scope||North America, Europe, Asia Pacific, Latin America, and Middle East & Africa|
|Key Companies Profiled||3M Company, Gerresheimer AG, Terumo Medical Corporation, Medline Industries, Inc., Smith & Nephew, Kimberly-Clark Corporation, Covidien plc (Ethicon), Johnson & Johnson, Baxter International, Boston Scientific, Ansell Limited, and Abbott Laboratories.|
||Market Trends, Drivers, Restraints, Competitive Analysis, Player Profiling, Regulation Analysis|
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Medical Disposables Market Dynamics
The rising prevalence of chronic diseases is expected to drive growth in the global medical disposables markets over the forecast period. An increase in demand for disposable medical products to avoid contamination and hospital-acquired infectious diseases, as well as an increase in disease occurrence globally, are driving the market growth. Furthermore, as disposables such as needles, scapula, syringes, scissors, and others are used in surgical techniques, the rise in automaton surgeries is expected to create a plethora of new opportunities. Demand for disposable medical aid has rapidly increased in the last half-decade due to rising disease diagnosis rates. Another factor contributing to the rising prevalence of various diseases and conditions is the growing elderly population and related illnesses, which increases the demand for medical disposables. Furthermore, the growing emphasis on preventing the spread of hospital-acquired infections (HAIs) and the stringent regulations imposed by healthcare organizations are expected to drive demand for disposable medical supplies in the near future. Besides that, rising environmental concerns as a result of improper medical waste disposal stymie this market.
Market Segmentation of Medical Disposables Market
Market by Product
· Wound Management Products
· Respiratory Supplies
· Drug Delivery Products
· Dialysis Disposables
· Diagnostic and Laboratory Disposables
· Sterilization Supplies
· Disposable Eye Gear
· Disposable Gloves
· Incontinence Products
· Disposable Masks
· Non-woven Disposables
· Hand Sanitizers
Based on the product, the sterilization supplies segment is expected to grow significantly over the forecasted years. Sterilization supplies are needed to sterilize and clean various hospital equipment in order to reduce the spread of infections and diseases. The increasing prevalence of chronic diseases such as cancer, diabetes, and other inflammatory diseases is expected to drive up demand for the market's sterilization supplies segment. Adoption of unhealthy and sedentary lifestyles, antimicrobial resistance, smoking, and alcohol consumption are all major contributors to the rising prevalence of chronic diseases. Furthermore, factors such as catheter use, a lack of appropriate hygiene in the hospital setting, and a spread of antibiotic resistance can increase the risk of HAIs. As a result, market demand for sterilization supplies is expected to rise in the coming years in order to reduce these conditions. Similarly, an increase in the number of surgeries performed in treatment facilities is a major factor driving segment growth.
Market by Raw Material
· Plastic Resin
· Nonwoven Material
· Paper and Paperboard
Plastic resin accounted for the majority of the market share in terms of raw material in 2021. Plastic resin is a key component of a significant proportion of disposable and non-disposable medical devices. Plastics are an ideal group of materials that cover a wide range of application fields in health and healthcare due to their lightweight, non-corrosive nature, biocompatibility, low cost, chemical inertness, and comparable densities to human organs. Furthermore, plastic resins are widely used in the manufacture of disposable medical devices such as disposable syringes, intravenous solution tubes, containers, and other packaging materials for pharmaceutical products. The rising prevalence of hospital-acquired disease, as well as the increased use of disposable equipment objects to prevent the spread of Covid-19, is driving the market growth.
Market by End-use
· Outpatient/Primary Care Facilities
· Home Healthcare
In terms of end-use, the hospital will have the largest market share in 2021. Medical disposables are primarily used in hospitals to maintain the sterile field created by healthcare professionals during surgeries or procedures. The demand for medical disposables in hospitals is rising as the number of patients admitted to hospitals for Covid-19 treatment and surgical procedures rises. As a result, increased use of medical disposables in hospitals may hasten the development of the section during the forecast period. Additionally, expanded coverage for various diseases and conditions in various health insurance plans is expected to drive segment growth. Furthermore, rising awareness of the importance of health insurance plans, as well as the emergence of different healthcare insurance provider companies, are expected to provide lucrative opportunities for the expansion of the hospital segment.
Medical Disposables Market Regional Overview
· Rest of Europe
· Rest of Latin America
· South Korea
· Rest of Asia-Pacific
Middle East & Africa
· South Africa
· Rest of Middle East & Africa
North America was the largest contributor to the medical disposables market in 2021, owing to an increase in government R&D spending, a geriatric population, and an increase in the prevalence of HAIs. Other factors driving market growth include the need to contain rising healthcare spending and an increase in the prevalence of chronic disease in the United States. Furthermore, the increase in the number of Covid-19 patients in this region has boosted the demand for medical disposables. Because of its established healthcare infrastructure and stringent regulatory framework, the United States accounts for a significant portion of disposable medical supplies in North America.
Some of the prominent players in global medical disposables market are 3M Company, Gerresheimer AG, Terumo Medical Corporation, Medline Industries, Inc., Smith & Nephew, Kimberly-Clark Corporation, Covidien plc (Ethicon), Johnson & Johnson, Baxter International, Boston Scientific, Ansell Limited, and Abbott Laboratories.
The estimated value of global medical disposables market in 2021 was accounted to be US$365Bn.
The projected CAGR of medical disposables during the analysis period of 2022 to 2030 is 16.8%.
The prominent players of the global medical disposables market involve 3M Company, Gerresheimer AG, Terumo Medical Corporation, Medline Industries, Inc., Smith & Nephew, Kimberly-Clark Corporation, Covidien plc (Ethicon), Johnson & Johnson, Baxter International, Boston Scientific, Ansell Limited, and Abbott Laboratories.
North America held the dominating share for medical disposables during the analysis period of 2022 to 2030.
Asia-Pacific region exhibited fastest growing CAGR for medical disposables during the analysis period of 2022 to 2030.
Increase in incidences of hospital-acquired infections (HAI), a rising number of surgical procedures, and growing awareness concerning the importance of maintaining health and hygiene are the prominent factors that fuel the growth of global medical disposables market.
Based on raw material, plastic resin segment held the maximum share for medical disposables market in 2021.