Overview

Medical Disposables Market is estimated to value over 831 billion by 2027 end with a CAGR of over 16.5% during the forecast period 2020 to 2027.

Rise in the number of surgeries, increased prevalence of hospital acquired infections and other appalling diseases resulting into a longer hospital stay are some of the major factors responsible for the proliferation of the market. Furthermore, with the ongoing COVID-19 pandemic, there has been a substantial rise in the number of hospital admissions resulting in the medical disposables market demand. For example, according to the International Diabetes Federation, the global diabetic occurrence is anticipated to rise to over 550 million by 2030. Prolonged diabetes generally results in diabetic foot ulcers, thereby increasing the hospital stay and bolstering the medical disposables market growth. Moreover, the rising geriatric population worldwide, which shall boost the market growth. For example, according to the WHO, the ageing population across the world is predicted to reach over 1.8 billion by 2050. The aged population are more prone to many chronic diseases, thereby propelling the augmentation of the market.
The recent COVID-19 pandemic has substantially impacted the market. WHO has recommended all people to use disposable masks and hand sanitizers for restricting the transmission of the virus which has increased the insistence of these masks. Furthermore, with the rising demand for masks in highly populated countries like India, the government has banned exporting ventilators and masks and have started to manufacture in-house. Such a substantial rise in the demand for disposable masks and other respiratory disposable products shall bolster the market proliferation.

Medical Disposables Market

Medical Disposables Market Segmentation:

By Product
•   Wound Management Products
•   Drug Delivery Products
•   Diagnostic and Laboratory Disposables
•   Dialysis Disposables
•   Incontinence Disposables
•   Respiratory Supplies
•   Sterilization Supplies
•   Non-Woven Disposables
•   Disposable Masks
•   Disposable Eye Gear
•   Disposable Gloves
•   Hand Sanitizers
•   Others
By Raw Material
•   Plastic Resins
•   Nonwoven Material
•   Rubber
•   Paper and Paperboard
•   Metals
•   Glass
•   Others
By End User
•   Hospital
•   Home Healthcare
•   Outpatient/ Primary Care Facilities
•   Others
By Region
•   North America
•   Europe
•   Asia Pacific
•   Latin America
•   Middle East & Africa

The market is categorized into product, raw material, end user and region. The product segment is fragmented into wound management products, drug delivery products, diagnostic and laboratory disposables, dialysis disposables, incontinence disposables, respiratory supplies, sterilization supplies, non-woven disposables, disposables masks, disposable eye wear, disposable gloves, hand sanitizers and others. The disposable mask segment is predicted to hold the largest medical disposables market share owing to the rising prevalence of COVID-19 across the world. Based on the ASTM levels, the disposable masks are fragmented into high, moderate and low fluid resistance. The hand sanitizers, on the other hand, are expected to grow at a substantial rate during the forecasted timeframe with the rising awareness regarding COVID-19. The raw material segment is classified into plastic resins, nonwoven material, rubber, paper and paperboard, metals, glass and others. The end user segment is diversified into hospitals, home healthcare, outpatient or primary care facilities and others.

Regional Analysis:

The North America region is expected to lead the market and this can be credited to a rise in the number of surgical procedures, growing geriatric population, increasing demand for medical disposables owing to the rising COVID-19 pandemic in the region. Furthermore, a strong presence of prominent market players shall bolster the proliferation of the market.

Competitive Landscape:

Some of the key market player are Medline Industries Inc., Smith & Nephew PLC, Bayer AG, BD, 3M, Cardinal Health, Abbott Laboratories, Johnson & Johnson, Medtronic Incorporated, Boston Scientific Corporation.

FutureWise Key Takeaways:

•   Growth prospects
•   SWOT analysis
•   Key market trends
•   Key data-points affecting market growth

Objectives of the Study:

•   To provide with an exhaustive analysis on the global medical disposables market by product, by raw material, by end user and by region
•   To cater comprehensive information on factors impacting market growth (drivers, restraints, opportunities, and industry-specific restraints)
•   To evaluate and forecast micro-markets and the overall market
•   To predict the market size, in key regions (along with countries)— North America, Europe, Asia Pacific, Latin America and Middle East and Africa
•   To record, evaluate and analyze competitive landscape mapping- product launches, technological advancements, mergers, and expansions

Flexible Delivery Model:

•   We have a flexible delivery model and you can suggest changes in the scope/table of content as per your requirement
•   The customization Mobility Care offered are free of charge with purchase of any license of the report
•   You can directly share your requirements/changes to the current table of content to: sales@futurewiseresearch.com