The global disposable medical devices market size was USD XX Billion in 2022 and is likely to reach USD XX Billion by 2031, expanding at a CAGR of XX% during 2023–2031. The market growth is attributed to the growing geriatric population coupled with rising chronic health disorder prevalence.
Healthcare demands are rising across the world with the growing prevalence of infectious diseases and chronic conditions. This is leading to the expansion of healthcare facilities to the last mile, consequently propelling demand for healthcare supplies. As disposable medical devices reduce infection spread among patients and healthcare staff and further facilitate safety from hospital-acquired infection (HAI), their demand is surging rapidly. The advances in manufacturing and technology, along with growing regulatory approval are further expanding opportunities in the disposable medical devices market.
- In March 2023, IceCure Medical, a medical device company announced receiving regulatory approval from the National Medical Products Administration ("NMPA") for its IceSense3 Disposable Cryoprobes’ commercial use in China. With the approval, IceSense3 disposable cryoprobes are utilized in combination with the IceSense3 console, which is already approved by the NMPA.
Reuse of medical devices has a risk of spreading diseases in a hospital environment. Though reusable healthcare supplies save costs, the dangers associated with their incautious use result in an increase in overall medical expenses. Worldwide, the risk of hospital-acquired infection is significant, which is concerning for the healthcare sector and governments. Thus, the adoption of disposable medical devices is highly supported, leading to the growing development of various healthcare disposables utilizing cutting-edge technology.
The market report finds that the COVID-19 pandemic boosted the disposable medical devices market. As the risk of infection was tremendously higher while working on COVID-19 patients, the use of disposable healthcare supplies was a must. The disposable supplies and devices shortage due to vast demand led to governments around the world taking steps for speedy production and distribution of medical disposables. The demand remains consistent for these devices even post the normalization of the pandemic scenario, owing to precautionary measures against the spread of COVID-19 or other transmissible diseases.
Impact of Artificial Intelligence (AI) on Disposable Medical Devices Market
Artificial Intelligence is expected to propel the market in the coming years. Researchers are exploring ways to benefit from AI in developing medical instruments. The advances in AI are permitting medical device manufacturers to efficiently process large sets of data to reach new customers across the global market. AI is projected to be among the major enablers of medical device advancement and manufacturing. It is expected to increase the speedy development of various disposable medical devices to meet the growing demand for healthcare supplies globally.
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According to the information updated by the US Food and Drug Administration (FDA) in March 2023, it has authorized 500 plus AI/ML-enabled medical devices. More such devices are under development, to be used for various healthcare needs. Ensuring their safety of use and efficiency, are key objectives the FDA has in consideration.
Disposable Medical Devices Market Dynamics
Major Drivers
Growing prevalence of chronic illnesses is one of the key drivers of the market. Health conditions such as cardiovascular diseases (CVDs) and diabetes are spreading at a concerning pace in worldwide regions. The use of these devices in treatment supports healthcare professionals in not getting exposed to infections and patient’s body fluids. For example, personal protective equipment (PPE) enables healthcare staff to put a physical barrier between them and the patient, preventing skin from coming in contact with infection elements.
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According to data reported by the National Council of Aging (NCOA) in August 2023, about 95% of adults aged 60 and above have at least one chronic illness, whereas, nearly 80% reported to have 2 or more chronic conditions. Risks of diabetes, cancer, and heart disease are likely to be significant with changing lifestyle, states the report.
Growing concerns over hospital acquired infections and the rising geriatric population are further fueling the need to adopt disposable medical devices. Chronic illnesses as well as infections are highly acquired by an aging population, as immunity tends to weaken with age. Cleaning the equipment and devices is not a viable alternative as the risk of acquiring infection is still significant. Regulatory bodies' guidelines strongly advocate single-use disposal of several medical products due to infection risks. It is expected that healthcare demand from geriatrics is to rise for preventive diagnostics and treatments, which is likely to drive the demand for medical disposables.
Existing Restraints
High volume of medical waste due to expanding applications of disposable medical devices is expected to pose hurdles for the market in the coming years. Getting rid of medical waste is a challenging task, and involves health risks if one comes in direct contact with the healthcare disposed waste.
A report published by the World Health Organization (WHO) in February 2022, highlighted that “tonns of extra waste generated by the healthcare sector due to COVID-19 is threatening the health of humans and environment, and has exposed the urgent need for mechanisms to improve waste management.” The environmental impact and cost required for efficient disposal solutions are likely to increase the expenses of healthcare establishments.
Emerging Opportunities
Growing investment in healthcare manufacturing and expansion of healthcare facilities are likely to generate growth opportunities in the market. With the prevalence of chronic disorders, infections, and concerns over declining immunity, the need to establish a robust healthcare infrastructure is inevitable. Taking steps towards making the healthcare industry strong, governments and authorities are beginning to expand and strengthen healthcare facilities and raise the production of medical goods. This is likely to propel the purchase of disposable medical supplies from the healthcare sector all over the world.
Scope of the Disposable Medical Devices Market Report
The global market research report includes an assessment of the market trends, market segments, and regional markets. Overview and dynamics have also been included in the report.
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Attributes
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Details
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Report Title
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Disposable Medical Devices Market - Global Industry Analysis, Growth, Share, Size, Trends, and Forecast
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Base Year
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2022
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Historic Data
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2016–2021
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Forecast Period
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2023–2031
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Segmentation
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Product (Syringes, Gloves, Catheters, Blood Collection Tubes, Drainage Bags, Wound Management Products, and Diagnostic Kits), Application (Diagnostic, Therapeutic, and Surgical), and End-user (Hospitals, Clinics, Home Care Settings, Ambulatory Surgery Centers, Research Institutes, and Others)
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Regional Scope
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Asia Pacific, North America, Latin America, Europe, and Middle East & Africa
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Report Coverage
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Company Share, Market Analysis and Size, Competitive Landscape, Growth Factors, Market Trends, and Revenue Forecast
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Key Players Covered in the Report
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Medtronic; Johnson & Johnson Services, Inc.; BD; Rochester Electronics; Contec Americas Inc.; GE HealthCare; Abbott; 3M; Cardinal Health; Alcon; Ecolab; Smith & Nephew; Teleflex Incorporated; KCWW; GSK plc; Ahlstrom; MTD Medical Technology and Devices S.p.A.; Medline Industries; Domtar Corporation; and Terumo Corporation
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Market Segment Insights
Product Analysis
Based on product, the Disposable Medical Devices Market is divided into syringes, gloves, catheters, blood collection tubes, drainage bags, wound management products, and diagnostic kits. The syringes segment is anticipated to hold a major share of the market during the projection period, with growing patient footfalls across healthcare establishments due to the prevalence of various diseases. Syringes need to be separate for each patient as it is the safety protocol. Disposable syringes are designed in such a way that they cannot be reused after their first use. This significantly prevents contamination and provides safety to healthcare staff.
The diagnostics kits segment is expected to expand at a significant growth rate during the projection period, as they are key disposable medical devices aiding in preventing the possibility of contamination in hospitals, diagnostic centers, and medical laboratories. The medical guidelines issued by the government authorities and international health organizations highly stress using separate medical devices and equipment for each patient, which significantly reduces the risk of hospital-acquired infections. Furthermore, with the existence of COVID-19-like infectious disease threats, growing demand for rapid medical diagnostic kits is likely to drive the growth of the segment.
Application Analysis
On the basis of application, the global market is segregated into diagnostic, therapeutic, and surgical. The diagnostic segment is projected to register a considerable CAGR during the forecast period, owing to the growing prevalence of life-threatening chronic diseases. Increasing concerns over the existence of chronic conditions are leading to an emphasis on early diagnosis and treatment among the world population. This, in turn, is expected to fuel the demand for disposable medical devices from across the healthcare sector. The expansion of diagnostics centers, healthcare laboratories, and telemedicine is likely to further support the growth of the diagnostic segment in the coming years.
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According to a recent study report by the National Health Service (NHS) England, a record number of individuals are visiting healthcare establishments for early detection of cancer. From March 2021 to October 2022, nearly half a million more visited to check for cancer compared to the same pre-pandemic period. In 2021-2022, over 100,000 patients were diagnosed with stage one or two cancer, which is easier to treat than further stages.
The surgical segment is projected to hold a significant share of the market, owing to the growing number of surgeries for treating various health conditions. The surgical procedure involves dealing with body fluids, hence, their use needs to be exclusive to that particular patient to avoid contamination. The cleaning process of surgical equipment and devices requires thorough sterilization, which is time-consuming and risky to the cleaning staff’s health. The use of medical disposable devices prevents the majority of such risk, owing to this, their use is highly preferred for surgeries.
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A recently published NCBI study report estimates surgical procedures each year in the US to be 40-50 million. For the success and safety of these many surgeries, the use of disposable medical supplies is essential, which is leading to their higher adoption thereby propelling the growth of this segment.
End-user Analysis
Based on end-user, the Disposable Medical Devices Market is segmented into home, hospitals, clinics, care settings, ambulatory surgery centers, research institutes, and others. The hospitals segment held the major share of the market in 2022 and is expected to register a robust growth rate during the forecast period. The growth of this segment is attributed to the growing number of individuals visiting hospitals for diagnostics and treatment purposes.
The rise of the geriatric population and the growing prevalence of chronic diseases is fueling the number of footfalls at hospitals for regular checkups, early disease detection, and consultation purposes. Rising efforts by various governments across the world to enhance healthcare access to the population and focus on following strict safety measures in hospital settings are further propelling the demand for disposable medical devices.
Regional Outlook
In terms of region, the global Disposable Medical Devices Market is classified as Asia Pacific, North America, Latin America, Europe, and Middle East & Africa. North America is expected to dominate the market during the projection period, owing to the presence of quality sophisticated healthcare infrastructure and rising surgical procedures. The growing investment by private and government organizations in enhancing healthcare and protection against hospital-acquired infection is resulting in high acceptance of disposable medical devices.
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According to the Centers for Medicare & Medicaid Services (CMS), the US National Healthcare Expenditure (NHE) grew by 2.7% to USD 4.3 trillion in 2021. The largest share of spending was sponsored by the federal government accounting for 34%, followed by households - 27%, private businesses -17%, state & local governments – 15%, and other private players accounting for 7%.
Healthcare manufacturers in North America are coming up with innovative and efficient medical products that aid in providing quality health services to patients while ensuring the utmost safety for them and their medical staff. The growing regulatory approval for medical devices to improve diagnostics and treatments is further supporting the growth of the market in this region.
The market in Asia Pacific is projected to grow rapidly during the assessment period, owing to the presence of a large population, resulting in consistent demand for various healthcare services. With the emergence of COVID-19, the importance of using disposable medical tools, supplies, and equipment further increased. The governments of various emerging economies in the region including India and China are working towards strengthening the healthcare sector. The growing establishment of healthcare facilities, innovation of disposable medical products, and the rise in healthcare expenditure in this region are projected to strongly support market growth in the coming years.
Segments
The global Disposable Medical Devices Market has been segmented on the basis of
Product
- Syringes
- Gloves
- Catheters
- Blood Collection Tubes
- Drainage Bags
- Wound Management Products
- Diagnostic Kits
Application
- Diagnostic
- Therapeutic
- Surgical
End-user
- Hospitals
- Clinics
- Home Care Settings
- Ambulatory Surgery Centers
- Research Institutes
- Others
Region
- Asia Pacific
- North America
- Latin America
- Europe
- Middle East & Africa
Key Players
- Medtronic
- Johnson & Johnson Services, Inc.
- BD
- Rochester Electronics
- Contec Americas Inc.
- GE HealthCare
- Abbott
- 3M
- Cardinal Health
- Alcon
- Ecolab
- Smith & Nephew
- Teleflex Incorporated
- KCWW
- GSK plc
- Ahlstrom
- MTD Medical Technology and Devices S.p.A.
- Medline Industries
- Domtar Corporation
- Terumo Corporation
Competitive Landscape
Key players competing in the disposable medical devices market are Medtronic; Johnson & Johnson Services, Inc.; BD; Rochester Electronics; Contec Americas Inc.; GE HealthCare; Abbott; 3M; Cardinal Health; Alcon; Ecolab; Smith & Nephew; Teleflex Incorporated; KCWW; GSK plc; Ahlstrom; MTD Medical Technology and Devices S.p.A.; Medline Industries; Domtar Corporation; and Terumo Corporation.
These companies adopted development strategies including mergers, acquisitions, partnerships, collaboration, product launches, and production expansion to expand their consumer base worldwide. The competitive landscape covers key insights into growth strategies adopted by major market players.
- In January 2023. MTD Group, a medical technology and devices provider, received FDA clearance for DropSafe Sicura from its affiliate Pikdare S.p.A.. It is a passive safety needle developed for intramuscular and subcutaneous vaccines and other drug injections. DropSafe Sicura's design is intended to provide better safety to healthcare professionals against needlestick injuries.
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