One Time Use (OTU) Surgical Device Market - Global Industry Size, Share, Trends and Forecast 2020 - 2027

Category : Healthcare and Pharmaceuticals | Delivery Format : PDF | Status: Forthcoming | Report ID : ARC2468

One time use surgical devices are the disposable devices used by the hospitals and clinics during the surgery or emergency. These products are used only once and scraped post use in order to avoid reuse or carry forward of any infection or other illness.

Market Dynamics

Rising number of patients suffering from chronic infection across the globe, changing government healthcare standards, and increasing consumer awareness related to healthcare are major factors expected to drive the growth of the global one time use (OTU) surgical device/equipment market. In addition, rapid advancements by medical device manufacturers and the introduction of innovative solutions are factors expected to support the growth of the target market. Factors such as stringent government regulations related to product approval and high cost associated to manufacturing are expected to hamper the growth of global one time use (OTU) surgical device/equipment market. In addition, increasing government regulations related to use of plastic in medical devices is expected to challenge the growth of one time use (OTU) surgical device/equipment market. However, high investment by major players for product development and focus on the development of cost-effective environment friendly material are factors expected to create new opportunities for players operating in the one time use (OTU) surgical device/equipment market. In addition, increasing partnerships and agreements in order to strengthen the distribution channel is expected to support the revenue transaction of the target market.

Segment Analysis by Region

North America is expected to account for major revenue share in the global one time use (OTU) surgical device/equipment market due to stringent government regulations related to healthcare sector. The government of developed countries is focused on the development of a smart healthcare system. With the rising number of patients in hospitals suffering from various diseases is resulting in preference of disposable or one time use surgical device/equipment. Increasing use of one time use medical components helps in lowering the percentage of diseases or infection transmission to the patient or from the patient. Increase in pandemic effect across the country government officials have rolled out the notice of emergency care procedures. Hospitals are following strict regulations related to patient handling for the once suffering from high infection and critical wounds. Increasing government spending on healthcare sector and collaborative work approach for the introduction of innovative solutions is expected to impact the growth of one time use (OTU) surgical device/equipment market. In addition, high investment by major players for product development activities is expected to augment the growth of target market. In 2019, Becton, Dickinson and Company a global medical device company launched BD Intevi 1mL two-step disposable auto-injector, a device combining auto-injector and pre-fillable syringe in one integrated system. This product launch is expected to help the company to enhance the business and increase the product portfolio.

The market in Asia Pacific is expected to witness faster growth in the target market due to rising healthcare standards. Consumer awareness related to healthcare is increasing preference of one time use equipments from hospital is on demand. Government is spending high on the development of present healthcare infrastructure. With the rising number of patients suffering from infection preventive measures are taken by the government. According to Indo-US collaborative study, 300 million people would be afflicted globally with diabetes by 2025. In India, the number is expected to increase from nearly 51 million now to 80 million, making it the diabetes capital of the world. Favorable business policies are attracting medical device manufacturers operating across the globe. Players approach towards introduction of innovative solutions in order to attract new customers is expected to augment the growth of one time use (OTU) surgical device/equipment market. Hindustan Syringes & Medical Devices Ltd a medical device manufacturing company launched Dispovan insulin pen needles to provide comfort to diabetics. This product launch is expected to help the company to enhance the business and increase the revenue share.

Competitive Landscape               

The global one time use (OTU) surgical device/equipment market is high highly competitive due to presence of large number of players and innovative product offerings. In addition, business expansion activities through partnerships and agreements are factors expected to further increase the competition.

Report coverage

Market

Global One Time Use (OTU) Surgical Device/Equipment Market

Analysis Period

2016 – 2027

Base Year

2019

Forecast Data

2020 – 2027

Market Stratification

Device, End-Use, and Geography

Regional Scope

North America, Europe, Asia Pacific, Latin America, and Middle East & Africa

Report Coverage

Market Trends, Drivers, Restraints, Competitive Analysis, Player Profiling, Regulation Analysis

One Time Use (OTU) Surgical Device/Equipment Market Segment Analysis, 2019

The global one time use (OTU) surgical device/equipment market is segmented into device and end-use. The device segment is bifurcated into disposable plastic syringes, blood bags, x-ray, ultrasound, ECG, pacemakers, IV fluid sets, and others. Among the device x-ray is segment expected to account for noticeable revenue share in the one time use (OTU) surgical device/equipment market. The end use segment is divided into ambulatory surgical centers, hospitals and clinics. Among the end use hospital segment is expected to account for major revenue share in the target market. Players operating in the global one time use (OTU) surgical device/equipment market are Johnson & Johnson, 3M, Medtronic, Cardinal Health, Inc., Ahlstrom-Munksjo, Abbott Laboratories, Becton, Dickinson and Company, Boston Scientific Corporation, HARTMANN, and Smiths Group plc.

Market Segmentation

Market by Device

Disposable Plastic Syringes
Blood Bags
X-Ray
Ultrasound
ECG
Pacemakers
IV Fluid Sets
Others

Market by End-Use

Ambulatory Surgical Centers
Hospitals
Clinics

Market By Geography

North America

  • U.S.
  • Canada

Europe

  • U.K.
  • Germany
  • France
  • Spain
  • Rest of Europe

Asia-Pacific

  • China
  • Japan
  • India
  • Australia
  • South Korea
  • Rest of Asia-Pacific

Latin America

  • Brazil
  • Mexico
  • Rest of Latin America

Middle East & Africa

  • GCC
  • South Africa
  • Rest of Middle East & Africa


Frequently Asked Questions

Rising number of patients suffering from chronic infection across the globe, changing government healthcare standards, and increasing consumer’s awareness related to healthcare are major factors expected to drive the growth of global one time use (OTU) surgical device/equipment market.

In device the x-ray segment is growing at faster pace.

In the global market the Asia Pacific region is expected to grow faster.

Some of the players considered in the report scope are Johnson & Johnson, 3M, Medtronic, Cardinal Health, Inc., Ahlstrom-Munksjo, and Abbott Laboratories.

The North America is expected to account for major revenue share in the global market.

In end use the hospitals segment is growing at faster pace.

Factors such as stringent government regulations related to product approval and high cost associated to manufacturing are expected to hamper the growth of global one time use (OTU) surgical device/equipment market.

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