APAC Disposable Medical Supplies Market - Focused Insights 2023-2028

APAC Disposable Medical Supplies Market - Focused Insights 2023-2028

REPORT OVERVIEW

This report offers market size & forecast data for the disposable medical supplies market in APAC. The revenue generated from the sale of disposable medical supplies are included in the report. Revenue generated by service providers are excluded from the scope of the report. This report provides a comprehensive and current market scenario of the APAC disposable medical supplies, including the APAC disposable medical supplies market size, anticipated market forecast, relevant market segmentations, and industry trends.

The study considers a detailed scenario of the present disposable medical supplies market and its market dynamics for 2023−2028 in APAC. It covers a detailed overview of several market growth enablers, restraints, and trends. The report offers both the demand and supply aspects of the market. It profiles and examines leading companies and other prominent players operating in the market.

MARKET DEFINITION

Disposable medical supplies are medical devices, or apparatus intended for single-use or short-term use in healthcare settings. Medical disposables are products used to protect healthcare workers from diseases and infections. These are used during medical examinations, surgical procedures, and treatments to prevent cross-contamination between doctors and caregivers and between doctors and patients. These supplies are essential in hospital settings, as they save staff time and reduce healthcare-associated costs.

KEY HIGHLIGHTS

• In APAC, the disposable medical supplies market was valued at $125.65 billion in 2022 and is expected to reach $283.93 billion by 2028, growing at a CAGR of 14.55%.
• The demand for disposable medical supplies is on the rise due to multiple factors, including the rising number of surgical procedures, an increase in hospital-acquired infectious diseases (HAI) and other chronic conditions, and growing awareness of the importance of maintaining health and hygiene are the major factors driving the growth of the disposable medical supplies market.
• In 2022, China accounted for a significant revenue share of 20.43% and was the largest market, followed by India (17.21%) and then Japan (16.56%) in the APAC disposable medical supplies market.
• In product type segmentation, the surgical supplies segment accounted for the highest share of 19.60% in 2022 and is projected to grow at the highest CAGR of 15.45% during the forecast period. The increasing demand for disposable surgical supplies is due to the increase in the number of surgeries conducted. As the number of surgeries increases, so will the need for surgical gloves, gowns, drapes, feeding tubes, and procedure kits and trays, propelling the growth of the APAC disposable medical supplies market.
• In end-user segmentation, the hospitals segment accounted for the highest share of 51.31% in 2022 and is projected to grow at the highest CAGR of 13.53% during the forecast period. This dominance can be attributed to the rise in hospital admissions for surgeries and treatments, increasing awareness about hospital-acquired infections, and the high usage of disposable medical supplies in hospitals.
• The technological advancements in medical supplies for homecare settings are key trends being observed in the disposable medical supplies market. Major players in the market are focused on enhancing their product portfolio with advanced technologies to retain their foothold in the market. In 2020, single-use or disposable medical devices were considered a significant cost-saver compared to cost-effective reusable medical supplies.
• Medline Industries Inc, Cardinal Health, 3M Company, Smith+Nephew, and Terumo Medical Corp are some leading players currently dominating the disposable medical supplies market. The major players focus on strategic acquisitions and collaborations with emerging players to enter the disposable medical supplies market and access commercially launched products.

VENDORS LIST

1. Medline Industries Inc (Medline)

2. Cardinal Health Inc (Cardinal Health)

3. 3M Company

4. Smith+Nephew plc (Smith+Nephew)

5. Terumo Medical Corp (TMC)

6. B. Braun Melsungen AG (B. Braun)

7. Medtronic Plc (Medtronic)

8. Abbott Laboratories (Abbott)

9. Halyard Health Inc

10. Molnlycke Health Care AB (Molnlycke)

11. Sempermed USA, Inc

12. Ansell Healthcare

13. Honeywell International Inc (Honeywell)

14. Baxter International

15. Bayer AG (Bayer)

16. Becton Dickinson and Co (BD)

17. Fresenius Medical Care AG & Co KGaA (Fresenius Medical Care)

18. Shandong Weigao Group Medical Polymer Company Ltd (Weigao)

REPORT HIGHLIGHTS

PRODUCT SEGMENTATION & FORECAST

• Product type
• Surgical Supplies
• Infusion & Hypodermic Products
• Diagnostic & Laboratory Disposables
• Medical Nonwoven Disposables & Personal Protection Equipment (PPEs)
• Wound Dressing & Disposable Bandages
• Intubation & Ventilation Supplies
• Others
• End-user type
• Hospitals
• Clinical & Research Laboratories
• Ambulatory Care Facilities
• Others

MARKET STRUCTURE

• Market Dynamics
• Competitive Landscape of Disposable Medical Supplies Market
• Key Vendors
• Other Prominent Vendors

APPENDIX

• Research Methodology
• Abbreviations
• About Arizton