Medical Disposables Market to Witness Growth at a CAGR of 16.7% from 2022-2028

San Francisco, California , USA, Sept 12, 2022 — /EPR Network/ —

Medical Disposables Industry Overview

The global medical disposables market size was valued at USD 318.3 billion in 2020 and is expected to expand at a compound annual growth rate (CAGR) of 16.7% from 2021 to 2028. The growth of the market is attributable to the increasing number of surgical procedures, rising incidence of Hospital Acquired Infections (HAIs), growing prevalence of chronic diseases leading to longer hospital admission, and the impact of COVID-19 outbreaks across the globe.

The COVID-19 outbreak and increasing hospital admissions across the globe have significantly increased the demand for medical disposables. The WHO has appealed to industries and governments to increase the manufacturing of personal protective equipment, including hospital gowns, gloves, medical masks, face shields, aprons, respirators, and goggles, by 40.00% to meet the increasing global demand. It also reported that the increase in demand for these accessories has increased their prices to a major extent. For instance, the price of surgical masks has increased six-fold and the price of hospital gowns has increased two-fold. Furthermore, the WHO has shipped around half a million sets of personal protective equipment to around 47 countries. Therefore, the outbreak of COVID-19 has immensely impacted the market and is a highly effective driver for this market.

Gather more insights about the market drivers, restrains and growth of the Global Medical Disposables market

The outbreak of COVID-19 is anticipated to significantly impact the market for medical disposables. The pandemic caused by the virus SARS-CoV-2 has drastically increased the demand for medicines, medical disposable products, emergency supplies, and hospital equipment including gowns, antiseptics, and disinfectant products. COVID-19 is a zoonotic virus and bats were considered to be the key reservoir of the virus. In December 2019, the first patient was reported in China and since then, the disease has spread at a rapid pace. The first case was reported in Wuhan and has been identified that the infection was acquired from a zoonotic source. Post that incident human-to-human transmission of the virus largely took place in families within Wuhan.

The increasing prevalence of chronic diseases such as diabetes and cardiovascular diseases is anticipated to positively impact the market for medical disposables. For instance, as per the International Diabetes Federation, the global prevalence of diabetes is expected to increase from 366.0 million in 2011 to 552.0 million by 2030. Prolonged diabetes leads to diabetic foot ulcers, which in turn increases the duration of hospital stay, rendering a positive impact on the market growth over the forecast period. Furthermore, the increasing geriatric population across the globe is also anticipated to propel the growth of the market for medical disposables. For instance, as per the World Health Organization (WHO), the global geriatric population is anticipated to rise from 84.0 million in 2014 to 2.0 billion by 2050. Since the geriatric population is prone to several diseases, thus this growing geriatric population is also expected to surge in the market growth over the forecast period.

The constant initiatives by major players in the market are also anticipated to promote market growth. Key players are also adopting various strategies to strengthen their position in the market for medical disposables. For instance, in April 2019, Smith & Nephew PLC acquired Osiris Therapeutics, Inc. with an aim to accelerate the development of its advanced wound management product portfolio. In May 2019, 3M announced to acquire Acelity Inc. with an aim to strengthen wound management solutions. This may expand the customer base of the company. Thus, such initiatives by key players are anticipated to propel market growth over the forecast period.

Browse through Grand View Research’s Medical Devices Industry Research Reports.

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Medical Disposables Market Segmentation

Grand View Research has segmented the global medical disposables market on the basis of product, raw material, end use, and region:

  • Medical Disposables Product Outlook (Revenue, USD Million, 2016 – 2028)
    • 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
  • Medical Disposables Raw Material Outlook (Revenue, USD Million, 2016 – 2028)
    • Plastic Resin
    • Nonwoven Material
    • Rubber
    • Paper and Paperboard
    • Metals
    • Glass
    • Others
  • Medical Disposables End-Use Outlook (Revenue, USD Million, 2016 – 2028)
    • Hospitals
    • Home Healthcare
    • Outpatient/Primary Care Facilities
    • Others
  • Medical Disposables Regional Outlook (Revenue, USD Million, 2016 – 2028)
    • North America
    • Europe
    • Asia Pacific
    • Latin America
    • Middle East & Africa (MEA)

Key Companies profiled:

Some prominent players in the global Medical Disposables market include

  • Medline Industries, Inc.
  • Smith & Nephew PLC
  • Bayer AG
  • BD
  • 3M
  • Cardinal Health

Order a free sample PDF of the Medical Disposables Market Intelligence Study, published by Grand View Research.

About Grand View Research

Grand View Research, U.S.-based market research and consulting company, provides syndicated as well as customized research reports and consulting services. Registered in California and headquartered in San Francisco, the company comprises over 425 analysts and consultants, adding more than 1200 market research reports to its vast database each year. These reports offer in-depth analysis on 46 industries across 25 major countries worldwide. With the help of an interactive market intelligence platform, Grand View Research Helps Fortune 500 companies and renowned academic institutes understand the global and regional business environment and gauge the opportunities that lie ahead.

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