Global Medical Disposables Market, By Product Outlook (Wound Management Products, Drug Delivery Products, Diagnostic and Laboratory Disposables, Dialysis Disposables, Incontinence Products, Respiratory Supplies, Sterilization Supplies, Non-woven Disposables, Disposable Masks, Disposable Eye Gear, Disposable Gloves, Hand Sanitizers), Raw Material (Plastic Resins, Nonwoven Material, Rubber, Paper and Paperboard, Metals, Glass, Others), End-User (Hospitals, Home Healthcare, Outpatient/Primary Care Facilities, Others) - Industry Trends and Forecast to 2030.
Medical Disposables Market Analysis and Size
The growing prevalence of chronic conditions is the main driving factor for the growth of the global medical disposables market. In addition, the increasing geriatric population around the world is driving market growth. The booming home healthcare is an opportunity for market growth. However, stringent approval norms are expected to restrain market growth. Furthermore, the decreasing number of hospital-acquired infections is expected to pose a major challenge to market growth.
Data Bridge Market Research analyzes that the global medical disposables market, which was USD 243.91 billion in 2022, would rocket up to USD 380.50 billion by 2030, and is expected to undergo a CAGR of 5.89% during the forecast period. “Hospitals” segment is expected to dominate the end-user segment of the market owing to the rising number of patient admissions in hospitals for surgeries and treatments.
In addition to the insights on market scenarios such as market value, growth rate, segmentation, geographical coverage, and major players, the market reports curated by the Data Bridge Market Research also include depth expert analysis, patient epidemiology, pipeline analysis, pricing analysis, and regulatory framework.
Medical Disposables Market Scope and Segmentation
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Report Metric
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Details
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Forecast Period
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2023 to 2030
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Base Year
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2022
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Historic Year
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2021 (Customizable to 2015-2020)
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Quantitative Units
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Revenue in USD Million, Volumes in Units, Pricing in USD
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Segments Covered
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By Product Outlook (Wound Management Products, Drug Delivery Products, Diagnostic and Laboratory Disposables, Dialysis Disposables, Incontinence Products, Respiratory Supplies, Sterilization Supplies, Non-woven Disposables, Disposable Masks, Disposable Eye Gear, Disposable Gloves, Hand Sanitizers), Raw Material (Plastic Resins, Nonwoven Material, Rubber, Paper and Paperboard, Metals, Glass, Others), End-User (Hospitals, Home Healthcare, Outpatient/Primary Care Facilities, Others)
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Countries Covered
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U.S., Canada, Mexico, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific, Saudi Arabia, U.A.E., South Africa, Egypt, Israel, Rest of Middle East and Africa, Brazil, Argentina, and Rest of South America
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Market Players Covered
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Smith+Nephew (U.K.), Shanghai Neo-Medical Co., Ltd. (China), Procter & Gamble (U.S.), Principle Business Enterprises, Inc. (U.S.), Ontex (Belgium), Medtronic (Ireland), Nu-Life Medical & Surgical Supplies Inc. (Canada), Narang Medical Limited. (U.S.), Molnlycke Health Care (Sweden), Mellon Medical B.V. (Netherlands), MedGyn Products, Inc. (U.S.), MED-CON Inc. (U.S.), 3M (U.S.), Cardinal Health (U.S.), Bayer AG (Germany), Medline Industries, Inc. (U.S.), BD (U.S.), AMMEX Corp. (U.S.), and Ansell Ltd (Australia) among others
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Market Opportunities
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Market Definition
Medical disposables comprise materials and devices that play an important role in several medical fields. They commonly include pediatric, hygiene, anesthesia, and surgical wear. These materials and devices are gaining traction owing to the increasing number of hospitals across the globe.
Global Medical Disposables Market Dynamics
Drivers
- Increase in the incidence of chronic diseases
The rise in the incidence of chronic diseases such as cardiovascular diseases and the availability of effective products of the companies involved in the R&D of medical disposables accelerate the market growth. The increase in the prevalence of hypertension, heart failure, heart attack, strokes, diabetic kidney disease, and other diseases further increases the risk of a heart attack or stroke, which results in a significant margin in the rise of medical disposables usage.
Prolonged diabetes leads to diabetic foot ulcers, which in turn increases the duration of hospital stay, rendering a positive impact on the market growth over the forecast period.
For instance, as per the International Diabetes Federation, the global prevalence of diabetes is expected to increase to 552.0 million by 2030.
- Rise in the geriatric population
Expanding geriatric population worldwide is predicted to favor medical disposables as this population is more prone to develop diseases. The number of persons above 65 years is projected to double in the coming years. Old-age people are prone to various chronic diseases such as cardiovascular diseases, endovascular diseases, and infectious disease, which can foster the demand for medical disposables cases across the globe.
According to the United Nations, there were around 382 million old age people aged 60 years or above across the globe in 2017 and this number is expected to reach 2.1 billion by 2050.
- Growing increasing hospital admissions across the globe
Increasing hospital admissions across the globe have significantly increased the demand for medical disposables. The WHO has appealed to industries and governments to increase the manufacturing of personal protective equipment, including hospital gowns, gloves, medical masks, face shields, aprons, respirators, and goggles by 40% to meet the increasing global demand. It also reported that the increase in demand for these accessories has increased their prices to a major extent.
For instance, the price of surgical masks has increased six-fold and the price of hospital gowns has increased two-fold. Furthermore, the WHO has shipped around half a million sets of personal protective equipment to around 47 countries.
Moreover, the demand for medical disposables is not only limited to developed countries but is also being witnessed in developing countries, which is further expected to drive market growth.
Opportunity
- Increasing health and hygiene consciousness among the masses
The increasing health and hygiene consciousness among the masses is expected to provide opportunities for market growth. Moreover, the augmenting adoption of bioplastics due to the rising environmental concerns and the expanding geriatric population susceptible to developing various chronic illnesses are further expected to create immense opportunities for market growth.
Restraint/Challenge
- Stringent approval norms
The stringent approval norms are expected to restrain market growth. In addition, the decreasing number of hospital-acquired infections is expected to pose a major challenge to market growth in the forecast period of 2023-2030.
The global medical disposables market report provides details of new recent developments, trade regulations, import-export analysis, production analysis, value chain optimization, market share, the impact of domestic and localized market players, analyzes opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographic expansions, technological innovations in the market. To gain more info on the medical disposables market, contact Data Bridge Market Research for an Analyst Brief. Our team will help you make an informed market decision to achieve market growth.
Recent Developments
- In April 2019, Smith & Nephew PLC acquired Osiris Therapeutics, Inc. with an aim to accelerate the development of its advanced wound management product portfolio
- In May 2019, 3M announced the acquisition of Acelity Inc. with an aim to strengthen wound management solutions. This may expand the customer base of the company
Global Medical Disposables Market Scope
The global medical disposables market is segmented into three notable segments based on product outlook, raw material, and end-user. The growth amongst these segments will help you analyze meager growth segments in the industries and provide the users with a valuable market overview and market insights to help them make strategic decisions for identifying core market applications.
Product Outlook
- Wound Management Products
- Drug Delivery Products
- Diagnostic and Laboratory Disposables
- Dialysis Disposables
- Incontinence Products
- Respiratory Supplies
- Sterilization Supplies
- Non-woven Disposables
- Disposable Masks
- Disposable Eye Gear
- Disposable Gloves
- Hand Sanitizers
- Others
Raw Material
- Tablet
- Liquid
- Others
- Plastic Resin
- Nonwoven Material
- Rubber
- Paper and Paperboard
- Metals
- Glass
- Others
End-User
- Hospitals
- Home Healthcare
- Outpatient/Primary Care Facilities
- Others
Global Medical Disposables Market Regional Analysis/Insights
The global medical disposables market is analyzed and market size insights and trends are provided by country, product outlook, raw material, and end-user.
The countries covered in the global medical disposables market report are U.S., Canada, Mexico, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific, Saudi Arabia, U.A.E., South Africa, Egypt, Israel, Rest of Middle East and Africa, Brazil, Argentina, and Rest of South America.
North America is expected to dominate the global medical disposables market due to the rising awareness of the usage of medical disposables, the increasing number of surgeries, and the presence of key market players in this region.
Asia-Pacific is expected to grow at the highest growth rate during the forecast period of 2023 to 2030 owing to the increased geriatric population and growing healthcare expenditure in the region.
The country section of the report also provides individual market-impacting factors and changes in regulation in the market domestically that impact the current and future trends of the market. Data points like downstream and upstream value chain analysis, technical trends, Porter's five forces analysis, and case studies are some of the pointers used to forecast the market scenario for individual countries. Also, the presence and availability of global brands and their challenges faced due to large or scarce competition from local and domestic brands, and the impact of domestic tariffs and trade routes are considered while providing forecast analysis of the country data.
Healthcare Infrastructure Growth Installed Base and New Technology Penetration
The global medical disposables market also provides you with a detailed market analysis for every country's growth in healthcare expenditure for capital equipment, installed base of different kinds of products for the market, the impact of technology using lifeline curves, and changes in healthcare regulatory scenarios and their impact on the market. The data is available for the historic period 2015-2020.
Competitive Landscape and Global Medical Disposables Market Share Analysis
The global medical disposables market competitive landscape provides details of competitors. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, and application dominance. The above data points provided are only related to the companies' focus related to the market.
Some of the major market players operating in the global medical disposables market are:
- Smith+Nephew (U.K.)
- Shanghai Neo-Medical Co., Ltd. (China)
- Procter & Gamble (U.S.)
- Principle Business Enterprises, Inc. (U.S.)
- Ontex (Belgium)
- Medtronic (Ireland)
- Nu-Life Medical & Surgical Supplies Inc. (Canada)
- Narang Medical Limited. (U.S.)
- Molnlycke Health Care (Sweden)
- Mellon Medical B.V. (Netherlands)
- MedGyn Products, Inc. (U.S.)
- MED-CON Inc. (U.S.)
- 3M (U.S.)
- Cardinal Health (U.S.)
- Bayer AG (Germany)
- Medline Industries, Inc. (U.S.)
- BD (U.S.)
- AMMEX Corp. (U.S.)
- Ansell Ltd (Australia)
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