According to the latest report by IMARC Group, titled “Medical Disposables Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028,” offers a comprehensive analysis of the industry, which comprises insights on the global medical disposables market Forecast.The report also includes competitor and regional analysis, and contemporary advancements in the market.
The global medical disposables market size reached US$ 396.8 Billion in 2022. Looking forward, IMARC Group expects the market to reach a value of US$ 680.2 Billion by 2028, exhibiting a growth rate (CAGR) of 8.9% during 2023-2028.
What is a Medical Disposables?
Medical disposables represent devices, apparatus, and consumables that can be used for a brief period. They prevent cross-contamination between doctors and caregivers, as well as between doctors and patients, during medical examinations, surgical procedures, treatments, etc. Disposable medical supplies are essential components of infection control strategies, as they simplify employee tasks and reduce healthcare costs. In line with this, single-use products provide enhanced convenience over their traditional counterparts, thereby saving a considerable amount of money and time for sterilizing. Some of the most commonly utilized medical disposables include face masks, blood bags, gloves, needles, etc.
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What Are The Major Market Drivers In The Medical Disposables Market?
The growing incidences of hospital-acquired infections (HAIs) and surgical-site infections, on account of the increasing number of surgical procedures requiring longer hospital admissions, are primarily driving the medical disposables market. Additionally, the widespread adoption of bioplastics and the expanding geriatric population who are prone to developing diabetes and cardiovascular diseases are further catalyzing the market growth.
Besides this, the escalating demand for single-use and short-term use medical supplies, owing to the rising consumer health and hygiene consciousness, is acting as another significant growth-inducing factor. Moreover, continuous improvements in healthcare infrastructures, continual product innovations, and the introduction of medical disposables that offer sterility, breathability, comfort, and antibacterial properties are positively influencing the global market. Apart from this, they are also produced by using premium materials in unique sizes, thicknesses, textures, etc., which is stimulating the market growth. Furthermore, extensive investments in R&D activities are anticipated to fuel the medical disposables market over the forecasted period.
Who Are The Key Players/Companies In The Global Medical Disposables Market?
3M Company, Abbott Laboratories, AMMEX Corporation, Ansell Ltd., B Braun Melsungen AG, Becton Dickinson and Company, Boston Scientific Corporation, Cardinal Health Inc., Medline Industries LP, Medtronic plc, Narang Medical Limited, Smith & Nephew plc and Terumo Cardiovascular Systems Corporation (Terumo Medical Corporation).
Report Segmentation:
The report has been segmented the market into following categories:
Breakup by Product:
- 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
Breakup by Raw Material:
- Plastic Resin
- Nonwoven Material
- Rubber
- Paper and Paperboard
- Metals
- Glass
- Others
Breakup by End Use:
- Hospitals
- Home Healthcare
- Outpatient/Primary Care Facilities
- Others
By Geography:
• North America (United States, Canada)
• Europe (Germany, France, United Kingdom,
Italy, Spain, Others)
• Asia Pacific (China, Japan, India, Australia,
Indonesia, Korea, Others)
• Latin America (Brazil, Mexico, Others)
• Middle East and Africa (United Arab Emirates, Saudi Arabia, Qatar, Iraq, Other)
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