The latest research study “Medical Disposables Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2022-2027” by IMARC Group, finds that, the global medical disposables market size reached US$ 358.41 Billion in 2021. Looking forward, IMARC Group expects the market to reach a value of US$ 628.04 Billion by 2027 exhibiting a CAGR of 9.30% during 2022-2027.
We are regularly tracking the direct effect of COVID-19 on the market, along with the indirect influence of associated industries. These observations will be integrated into the report.
Industry Definition and Application:
Medical disposables represent apparatus, devices, and consumables that are intended for use for a brief period to render quality patient care in the healthcare industry. Cross-contamination between caregivers and doctors, as well as between doctors and patients, can be prevented with the utilization of these devices during surgical procedures, medical examinations, treatments, etc.
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Disposable medical supplies are extensively utilized in medical settings as they simplify employee tasks and reduce healthcare costs. In line with this, single-use products offer enhanced convenience as compared to their traditional counterparts, thereby saving a considerable amount of time and money for sterilizing. Some of the most used medical disposables include face masks, gloves, blood bags, needles, etc.
Medical Disposables Market Trends and Drivers:
The growing prevalence of hospital-acquired infections (HAIs) and surgical-site infections, on account of the rising number of surgical procedures requiring longer hospital admissions, is primarily driving the medical disposables market. Additionally, the increasing incidences of 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 elevating consumer health and hygiene consciousness, is acting as another significant growth-inducing factor.
Moreover, the widespread adoption of bioplastics and the expanding geriatric population who are more susceptible to developing various chronic diseases are positively influencing the global market. Apart from this, extensive R&D activities and the launch of numerous favorable policies by government bodies for product innovations are also bolstering the market growth.
Furthermore, continuous improvements in healthcare infrastructures are anticipated to fuel the medical disposables market over the forecasted period.
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The report has been segmented the market into following categories:
Breakup by Product:
Breakup by Raw Material:
Breakup by End Use:
List of Major Key Players:
The major players in the market are 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).
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