The new report by Expert Market Research titled, ‘Global Medical Disposables Market Size, Report and Forecast 2023-2028’, gives an in-depth analysis of the global medical disposables market, assessing the market based on its segments like products, raw materials, end uses, and major regions.
The report tracks the latest trends in the industry and studies their impact on the overall market. It also assesses the market dynamics, covering the key demand and price indicators, along with analyzing the market based on the SWOT and Porter’s Five Forces models.
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The key highlights of the report include:
Market Overview (2018-2028)
• Historical Market Size (2021): USD 318.3 billion
• Forecast CAGR (2023-2028): 16.6%
• Forecast Market Size (2027): USD 801.3 billion
Medical disposables, such as syringes, bandages, and wraps, are used in healthcare units on a daily basis. Be it a minor injury, or a chronic disease, medical disposables are essential to provide comfort to the patients. Over the forecast period, the rising hospitalization rates, coupled with the increasing geriatric population, is anticipated to be a key driving factor in the market.
In addition, the increasing cases of chronic diseases owing to the sedentary lifestyles led by the population is anticipated to augment the market in the forecast period. Geographically, the Asia Pacific region accounts for a significant share in the market owing to the presence of large population base and high geriatric population in India and China.
Industry Definition and Major Segments
The medical devices which are intended to be used temporarily or only once are defined as medical disposables. These devices cannot transmit infectious agents to the subsequent patients and are extremely safe to use. In addition, medical disposables are designed to minimize the discomfort and stress to patients. Moreover, these apparatuses do not require regular maintenance or upkeep.
On the basis of product, the market can be segmented into:
• Wound Management Products
• Diagnostic And Laboratory Disposables
• Dialysis Disposables
• Incontinence Products
• Sterilisation Supplies
• Drug Delivery Products
• Respiratory Supplies
• Non-Woven Disposables
• Disposable Masks
• Disposable Eye Gears
• Disposable Gloves
• Hand Sanitisers
• Gel Sanitisers
• Foam Sanitisers
• Liquid Sanitisers
• Others
Based on raw material, the market has been bifurcated into:
• Rubber
• Plastic Resins
• Non-Woven Materials
• Paper and Paperboard
• Metals
• Glass
• Others
The significant end-uses of the product include:
• Hospital
• Home Healthcare
• Outpatients/Primary Care Facilities
• Others
The regional markets for medical disposables include:
• North America
• Europe
• Asia Pacific
• Latin America
• Middle East and Africa
Market Trends
The robust development of hospitals, clinics, and ambulatory surgical centers in the emerging economies, coupled with the rising healthcare expenditure, are anticipated to be the key trends in the market. The emerging online platforms providing the facility of door-step-delivery of medical disposables to the patients are also anticipated to augment the market growth.
The market will further be aided by the rising demand for product from the home healthcare settings. Furthermore, the stringent government legislations aimed towards bolstering the safety standards of hospitals and specialty clinics are likely to provide impetus to the market in the coming years.
Key Market Players
The major players in the market are Medline Industries, Inc, Smith & Nephew plc, Bayer AG, Becton, Dickinson and Company, 3M COMPANY, and Cardinal Health, Inc., among others. The report covers the market shares, capacities, plant turnarounds, expansions, investments and mergers and acquisitions, among other latest developments of these market players.
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