Medical Disposables Market by Product (Surgical Supplies, Infusion & Hypodermic Devices, Wound Dressings, Sterilization Supplies, and Gloves), Raw Material (Plastic Resins, Nonwoven Material, Rubber, Metals, and Glass), End User (Hospitals, Home Healthcare, and Primary Care Facilities): Global Market Size Estimates and Forecast (2022-2030)

Code: BMIRE00026838 | Pages: 100 | Industry: Medical Device | Date: Oct 2022 | Type: Global

The market crossed US$ 166.86 billion mark in 2022 and is expected to hit US$ 304.93 billion by 2030, recording a CAGR of 7.84% during the forecast period.     

Increasing occurrence of chronic diseases such as cardiovascular disease is driving the growth of medical disposable market.

According to International Diabetes Foundation, the diabetes cases is expected to reach 552 million by 2030. Prolonged diabetic disease will lead to diabetic foot ulcers which increases the hospital stay. Thus, these factors are expected to promote the growth of medical disposable market. The sterilization supplies segment includes cotton swabs, cotton balls, test tubes, and others to reduce the surgery-borne infections. The segment is growing because it is convenient to use and save time in the performance. 

Within the report, the market is segmented into product, raw material, end user, and geography. By product, the market is further segmented into surgical supplies, infusion & hypodermic device, wound dressings, sterilization supplies, and gloves. Based on raw material, the market is segmented into plastic resins, nonwoven material rubber, metals, and glass. By end user, the market is categorized into hospitals, home healthcare, and primary care facilities. Geographically, the market is subsegmented into North America, Europe, Asia Pacific, South & Central America, and Middle East & Africa.

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Rising prevalence of cardiac diseases drives the growth of medical disposables market in the North America region.

The medical disposables market in the North America region is expected to grow due to rising cardiac diseases, increasing cases of surgeries, and initiatives taken by key players to manage the disease. Further, increasing investments by governments and rapidly growing geriatric population boost the growth of medical disposables market. 

High usage of medical disposable in the hospitals is expected to surge the market growth

The rising number of admissions in the hospital for treatments and surgeries promote the growth of medical disposable market. A few examples of medical disposables used in the hospital are gloves, face mask, drug test disposables, and others. Further, medical disposables are essential component in the hospital settings which saves times and reduce healthcare-associated costs. Thus, aforementioned factors are expected to drive the growth of the medical disposables market.

Recent strategic developments in medical disposables market

The medical disposables market has undergone several significant developments, and a few of these have been mentioned below:

  • In April 2019, Smith & Nephew PLC acquired Osiris Therapeutics, Inc. to the develop its advanced wound management product portfolio.
  • In May 2019, 3M acquired Acelity Inc. to strengthen wound management solutions.
  • In May 2021, PENTAX Medical Europe obtained the CE mark for its new single-use bronchoscope called the PulmoONE. It is a single-use bronchoscope with a good suction power and high-definition image quality.

Thus, these initiatives by key players are expected to propel market growth over the forecast period.

The medical disposable market is driven by several players by implementing strategic activities such as investments, new launches, mergers & acquisitions, and partnerships. Medline Industries Inc; Smith & Nephew PLC; Bayer AG; BD; 3M; General Electric Company; Johnson & Johnson; Abbot Laboratories; and Cardinal Health are among the prominent players operating in the market.

Target audience for the report:

  • Hospitals
  • Clinics
  • Ambulatory surgical centers

Scope of the report:

In this report, the market has been segmented based on:

  • Product
    • Surgical Supplies
    • Infusion and Hypodermic Devices
    • Wound Dressings
    • Sterilization Supplies
    • Gloves
  • Raw Material
    • Plastic Resins
    • Nonwoven Material
    • Rubber
    • Metals
    • Glass
  • End User
    • Hospitals
    • Home Healthcare
    • Primary Care Facilities

 

  • Region
    • North America
    • Europe
    • Asia Pacific (APAC)
    • South & Central America
    • Middle East & Africa
  • Companies profiled
    • Medline Industries, Inc.
    • Smith & Nephew, PLC
    • Bayer AG
    • BD
    • 3M
    • General Electric Company
    • Johnson & Johnson
    • Abbot Laboratories
    • Cardinal Health 

The List of Companies
- Medline Industries, Inc.
- Smith & Nephew, PLC
- Bayer AG
- BD
- 3M
- General Electric Company
- Johnson & Johnson
- Abbot Laboratories
- Cardinal Health

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