Medical Disposables Market Geographic Segmentation, Analysis by Types and Regions and Forecast to 2024

Posted on 2021-03-09 by researchinsights in Healthcare // 0 Comments

Felton, Calif., USA, Mar. 09, 2021 — /EPR Network/ —

Global Medical Disposables Market is expected to reach USD 329.9 billion by 2024. Medical disposables are the medical apparatus that rendered for temporary or one-time use like surgical sponges, gloves, syringes, hypodermic needles, and others; after which they are disposed as solid waste. The main objective of disposable devices is to control infection. The Medical Disposables Market is estimated to grow at a significant CAGR of 6.5% over the forecast period as the scope and its applications are rising enormously across the globe.

Growing occurrence of chronic diseases, high demand for enhanced healthcare facilities, increasing geriatric population, and government initiatives for improvement of quality of patient care are documented as major factors of Medical Disposable Market that are estimated to enhance the growth in the years to come. However, strict approval policy by FDA and GMP may restrain overall market growth in the years to come. Medical Disposables industry is segmented based on product type, material, end user, and region.

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Type Outlook (Market revenue in USD Million, 2014 – 2024)

Wound Management Products
Drug Delivery Products
Diagnostic and Laboratory Disposables
Dialysis Disposables
Incontinence Products
Respiratory Supplies
Sterilization Supplies
Nonwoven Disposables
Others

Raw Material Outlook (Market revenue in USD Million, 2014 – 2024)

Plastic Resins
Nonwoven Material
Rubber
Paper and Paperboard
Metals
Glass
Others

End Use Outlook (Market revenue in USD Million, 2014 – 2024)

Hospitals
Home Healthcare
Outpatient/Primary care Facilities
Others

The key players of Medical Disposables Market are Covidien plc, Dickinson and Company, Johnson & Johnson,3M Company, and Becton. These players are concentrating on inorganic growth to sustain themselves amongst fierce competition. As companies all over the world have to believe that alliance with a market would permit them proportional market existence and authority to declare the leadership position.

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Globally, North America accounted for the significant market share of Medical Disposables and is estimated to lead the overall market in the years to come. The reason behind the overall market growth could be presence of developed healthcare infrastructure, rising awareness among populace regarding effects of cross-contamination and infection, and growing acceptance of enhanced technology. The United States is a major consumer of Medical Disposables in this region.

Instead, Europe and the Asia Pacific are also estimated to have a positive influence on the future growth. Europe is the second largest region with significant market share. However, Asia Pacific is estimated to grow at the fastest pace in the foremost period. The aspects that may be ascribed to the growth comprise an alarming number of major manufacturers in this region and improvising on healthcare infrastructure. The developing countries like India and China are the major consumers of Medical Disposables in this region.

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