Global Medical Disposables Market To Grow At A CAGR Of 14.5% During The Forecast Period

The global medical disposables market achieved revenue growth of around USD 375.64 billion in 2021 and is estimated to expand at a compound annual growth rate (CAGR) of approximately 14.5 percent to reach nearly USD 586.45 billion by 2028.

Medical disposables are created with the sole intention of being used either one time or for temporary purposes. Once the validity of the product expires, it has to be discarded. Some examples of medical disposable products include items like gloves, face masks, exam gowns, surgical sponges, bandages, wraps, needles, and syringes. The main reason for creating disposable items in medicine is to avoid any kind of infection. Once the items are disposed of after use, the chances of passing on the infection from one patient to another become zero.

Manufacturing of medical disposables is not just dependent on the cost factor but also on the balance between other aspects like performance, reliability, shelf life, and material. Operating medical disposables is extremely simple and does not require any sterilization since it is meant for one-time use only.

The global medical disposables market was impacted positively due to Covid-19. Being a part of the healthcare sector, medical disposables were marked as essential items and there was a huge surge in the demand for these products. The demand was not only from the hospitals or treatment facilities but also from the general population owing to the need for masks and gloves as a precautionary measure against Covid-19. The initial phase of the pandemic was met with supply issues since it became difficult to cater to the sudden demand for these products but gradually the supply chain struck a balance and the global market has been showing steady signs of growth during the projection period, since then.

Even before Covid-19, there was a growth in the number of medical cases around the globe. Covid-19 propelled the global number of medical care patients exponentially, and as of 2022, even though Covid-19 is under control, the number of patients in hospitals is quite high and is expected to be increasing over the years. The rising number of patients which subsequently leads to an increase in demand for medical products is expected to aid the global medical disposables market. Blood bags are used in the blood transfusion process. These bags are one of the many medical disposables. The rise in the number of blood transfusion cases, along with a growth in blood donations taking place across the globe is anticipated to aid the global market growth. This is also supported by various initiatives taken by the private market players to strengthen their position in the healthcare sector, for example, the acquisition of Acelity Inc. by 3M to nourish their wound management section.

Even though stringent government regulations may hinder the global market growth over the forecast period, technical advancement in disposable medical supplies is projected to offer better growth opportunities for global market expansion. One of the key challenges in the global market is the proper management of increased disposable medical waste.

The global medical disposables market is segregated based on type and region. Different types of medical disposables categorized in the report include blood collection consumables, glucose monitoring strips, prefilled syringes, dialysis consumables, radiology consumables, diagnostic catheters, intubation & ventilation supplies, infusion products, hypodermic products, sterilization consumables, smart syringes, incontinence products, nonwoven medical supplies, surgical nonwoven products, wound care consumables, infection management products, exudate management products, and NPWT Devices.

North America is expected to dominate the global medical disposables market owing to the increasing number of patients suffering from chronic diseases. As per a CDC report in 2021, 1 out of every 6 Americans is expected to suffer from at least one chronic disease like cancer, diabetes, stroke, etc. This is also coupled with the advanced healthcare structure of the region and the economic stability of the population. Europe is anticipated to follow next during the forecast period.

Asia-Pacific is projected to register the highest CAGR owing to the rising population in countries like China & India, the emergence of multiple hospital facilities, and the establishment of large-scale manufacturing units owing to the presence of low-cost labor, space, & resources.

Major players operating in the global medical disposables market include Boston Scientific Corporation, Abbott Laboratories, B. Braun Melsungen AG, Medtronic plc, Johnson and Johnson, Smith and Nephew plc, 3M Company, Pfizer Incorporated, Terumo Corporation, and Cardinal Health is also provided in this report.

Recent Developments:

• May 2021, PENTAX Medical, an endoscopy firm located in Europe, has received CE approval for the PulmoONE, a novel single-use bronchoscope. The PulmoONE is a disposable bronchoscope with strong suction power and HD picture quality.

Browse the full “Medical Disposables Market By Type (Glucose Monitoring Strips, Blood Collection Consumables, Diagnostic Catheters, Dialysis Consumables, Radiology Consumables, Infusion Products, Smart Syringes, Prefilled Syringes, Intubation & Ventilation Supplies, Hypodermic Products, Sterilization Consumables, Nonwoven Medical Supplies, Incontinence Products, Surgical Nonwoven Products, Wound Care Consumables, Infection Management Products, Exudate Management Products, And NPWT Devices), And By Region – Global And Regional Industry Overview, Market Intelligence, Comprehensive Analysis, Historical Data And Forecasts 2022 – 2028.” Report at https://www.zionmarketresearch.com/report/medical-disposables-market

Global medical disposables market is segmented as follows:

By Type

• Wound Management Supplies
• Drug Delivery Disposables
• Non-Woven Medical Disposables

By Region

• North America
  • The U.S.
  • Canada
• Europe
  • France
  • The UK
  • Spain
  • Germany
  • Italy
  • Rest of Europe
• Asia Pacific
  • China
  • Japan
  • India
  • South Korea
  • Southeast Asia
  • Rest of Asia Pacific
• Latin America
  • Brazil
  • Mexico
  • Rest of Latin America
• Middle East & Africa
  • GCC
  • South Africa
  • Rest of Middle East & Africa

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