The global disposable medical supplies market is anticipated to expand at substantial CAGR during the forecast period, between 2021 and 2028. Disposable medical supplies refer to non-durable medical consumables that are disposable in nature as they cannot withstand repeated usage. Medical apparatuses, consumables, or devices that have a temporary or a onetime use in medical settings are categorized under disposable medical supplies. Medical supplies are essential components in the medical sector, including various hospitals, clinics, and diagnostic centers. Other examples of disposable medical supplies are bandages, surgical sponges, injections, needles, syringes, and suction catheters.
Market Trends, Drivers, Restraints, and Opportunities:
- Increasing demand for disposable medical supplies to avoid contamination or infection has significantly driven the market.
- Surge in the geriatric population and the spread of awareness of diseases and infections are fueling the market growth.
- Rising environmental concerns regarding the improper disposable of medical items is a key restraint to the market growth.
- Continuous requirement for medical supplies and new medical innovations increases the cost of supplies can restrict the market opportunities.
- Favorable government regulations for the mandated use of disposable medical supplies to avoid infections is expected to drive the market in the coming years.
- Investment by various governments in the medical industry to improve healthcare facilities is expected to provide lucrative opportunities for key players to increase their market share.
Scope of the report:
The report on the global disposable medical supplies market includes an assessment of the market, size, share, trends, segments, and regional markets. Overview and dynamics have been included in the report.
Attributes
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Details
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Report Title
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Disposable Medical Supplies Market - Global Industry Analysis, Growth, Share, Size, Trends, and Forecast
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Base Year
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2020
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Historic Data
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2018 & 2019
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Forecast Period
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2021–2028
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Segmentation
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Types (Sterilization Consumables, Hypodermic Products, Dialysis Consumables, Radiology Consumables, Infusion Products, Diagnostic Supplies, Nonwoven Medical Supplies, Wound Care Consumables, Intubation & Ventilation Supplies, and Others), Applications (Ophthalmology, Urology, Cerebrovascular, Orthopaedics, Gynaecology, Cardiovascular, and Others), End-users (Assisted Living Centers & Nursing Homes, Hospitals, Ambulatory Surgery Centers, Clinics/Physician Offices, and Research Institutes)
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Regional Scope
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Asia Pacific, North America, Europe, Latin America, and Middle East & Africa
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Report Coverage
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Market scope, analysis, share, competitive analysis, growth facts, restraints, opportunities, and revenue forecast
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Key Players Covered in the Report
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Bayer AG; Abbott Laboratories; B. Braun Melsungen AG; Medtronic Plc; Cardinal Health, Inc.; 3M Company; Domtar Corporation; and Smiths Group Plc. (Smiths-Medical)
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Disposable Medical Supplies Market Segment Insights:
Wide usage in the healthcare industry drives the non-woven medical supplies segment
Based on types, the disposable medical supplies market can be segmented into diagnostic supplies, dialysis consumables, radiology consumables, infusion products, intubation & ventilation supplies, hypodermic products, sterilization consumables, non-woven medical supplies, wound care consumables, and others. Non-woven medical supplies are high in demand owing to their wide usage and rising prevalence of medical cases that require nonwoven medical supplies. Nonwoven medical supplies deliver critical safety properties and prevent cross contamination and the spread of infections.
Rising cases and demand for medical supplies drives the cardiovascular segment
On the basis of applications, the market can be classified as cardiovascular, cerebrovascular, ophthalmology, gynaecology, urology, orthopaedics, and others. The rising cases of cardiovascular diseases and surgeries globally has driven the cardiovascular segment. The use of medical supplies during cardiovascular operations is immense as these supplies cannot be reused. Bandages, catheters, surgical tools, syringes cannot be reused as the blood of one patient can be mixed with another’s, causing complications and increasing the risk of infections.
Hospitals & clinics segment held substantial market share in 2020
Based on end-users, the market can be categorised as hospitals, clinics/physician offices, assisted living centers & nursing homes, ambulatory surgery centers, and research institutes. The rising awareness of healthcare centers and the availability of medical service at hospitals has driven the hospitals segment. Increasing number of skilled doctors and medical staff in hospitals that provide efficient and accurate diagnosis and treatment has shifted preference toward this market segment. The growing investment in the healthcare infrastructure, the availability of good quality medications, and increasing government expenditure on healthcare facilities further provide lucrative opportunities for the growth of this segment.
Asia Pacific is forecasted to register a significant CAGR during the forecast period
In terms of regions, the global disposable medical supplies market can be fragmented into North America, Europe, Asia Pacific, Latin America, and the Middle East & Africa. Asia Pacific constituted a significant share of the market in 2020 as a result of high demand for disposable medical supplies in the healthcare industry. Increase in health issues and medical emergencies in the region surged the market growth. Developments in the healthcare infrastructure and rising R&D expenditure and government initiatives drive the regional market growth.
Segments
By Types
- Sterilization Consumables
- Hypodermic Products
- Dialysis Consumables
- Radiology Consumables
- Infusion Products
- Diagnostic Supplies
- Nonwoven Medical Supplies
- Wound Care Consumables
- Intubation & Ventilation Supplies
- Others
By Applications
- Ophthalmology
- Urology
- Cerebrovascular
- Orthopaedics
- Gynaecology
- Cardiovascular
- Others
By End-users
- Assisted Living Centers & Nursing Homes
- Hospitals
- Ambulatory Surgery Centers
- Clinics/Physician Offices
- Research Institutes
By Regions
- North America
- Europe
- Latin America
- Asia Pacific
- Middle East & Africa
Key Players
- Bayer AG
- Abbott Laboratories
- B. Braun Melsungen AG
- Medtronic Plc
- Cardinal Health, Inc
- 3M Company
- Domtar Corporation
- Smiths Group Plc. (Smiths-Medical)
Competitive Landscape
Key players in the global disposable medical supplies market include Bayer AG; Abbott Laboratories; B. Braun Melsungen AG; Medtronic Plc; Cardinal Health, Inc.; 3M Company; Domtar Corporation; and Smiths Group Plc. (Smiths-Medical). These players engage in mergers & acquisitions, collaborations, agreements, and partnerships to strengthen their geographical presence.