Global Medical Disposables Market -2024-2031

Global Medical Disposables Market -2024-2031

Global Medical Disposables Market reached US$ YY million in 2023 and is expected to reach US$ YY million by 2031, growing with a CAGR of YY % during the forecast period 2024-2031.

Medical disposables are single-use products designed for medical purposes. These items are typically used once and then disposed of, reducing the risk of contamination and infection transmission between patients and healthcare workers. One of the primary purposes of medical disposables is to prevent the spread of infections in healthcare facilities. Single-use items reduce the risk of cross-contamination between patients and healthcare workers, helping to maintain a sterile environment during medical procedures and patient care.

Medical disposables help ensure the safety of patients by minimizing the risk of exposure to pathogens and contaminants. By using disposable items for procedures such as surgeries, injections, and wound care, healthcare providers can significantly reduce the likelihood of healthcare-associated infections (HAIs) and other complications.

Market Dynamics: Drivers and Restraints

Increasing prevalence of chronic diseases

The rising incidence of chronic diseases such as diabetes, cardiovascular diseases, and cancer drives the demand for medical disposables used in diagnostic and treatment procedures. These conditions often require frequent monitoring, testing, and management, leading to a higher consumption of disposable medical products. Chronic diseases often require frequent monitoring and diagnostic testing to assess disease progression, treatment effectiveness, and potential complications.

Medical disposables such as test strips, lancets, syringes, and specimen containers are essential for conducting various diagnostic tests, including blood glucose monitoring for diabetes, lipid profiling for cardiovascular diseases, and tumor marker analysis for cancer. The growing prevalence of chronic diseases fuels the demand for these disposable diagnostic tools.

For instance, according to the International Diabetes Federation, 537 million people worldwide had diabetes in 2021, and that number is projected to rise to 784 million by the year 2045. Over 25% of patients with diabetes have CKD, and it's been calculated that 40% of diabetics may eventually get the disease. Additionally, the increasing prevalence of chronic diseases creates a growing demand for medical disposables used in diagnostic testing, treatment, infection prevention, home healthcare, and preventive care initiatives.

Market Dynamics: Restraint

Rising preference for reusable alternatives

Advances in sterilization technologies and materials may make reusable devices more efficient, durable, and user-friendly. Healthcare providers may choose reusable devices that offer improved performance and longevity over disposable alternatives. In some cases, reusable medical devices and instruments may be preferred over disposable alternatives due to factors such as cost-effectiveness, sustainability, and performance characteristics.

Healthcare facilities choose to invest in sterilization equipment and reusable devices to reduce long-term operating costs and environmental impact, thereby limiting the demand for disposable medical products. The increased awareness of environmental sustainability and the impact of medical waste on the environment may lead healthcare facilities to prioritize reusable devices over disposables. Reusable devices, when properly sterilized and maintained, generate less waste and have a lower environmental footprint compared to single-use disposables.

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Segment Analysis

The global medical disposables market is segmented based on product type, raw material, end-user and region.

The sterilization supplies from the product type segment accounted for approximately 31.04% of share

The expansion of healthcare infrastructure, particularly in emerging markets, is fueling the demand for sterilization supplies. As new hospitals, clinics, and ambulatory surgery centers are established, there is a corresponding need for sterilization equipment and consumables to support sterile processing departments and operating rooms. The increasing number of healthcare facilities contributes to the growth of the sterilization supplies segment.

Sterilization supplies, such as autoclaves, sterilization pouches, and chemical indicators, are crucial for ensuring that medical devices and instruments are free from pathogens and safe for patient use. For instance, in October 2023, significant addition to Advanced Sterilization Products' (ASP) company announced major expansion in sterilization monitoring portfolio.

In order to improve the capabilities of the Sterile Processing departments in healthcare facilities, this expansion adds new Steam Monitoring tools. By bringing these items to market, the healthcare industry hopes to address important issues by increasing sterility assurance and efficiency. Advances in sterilization technologies and techniques have led to the development of innovative sterilization supplies that offer improved efficiency, reliability, and safety. Thus, above factors helps to boost the segment growth.

Geographical Analysis

North America accounted for approximately 38.27% of the market share in 2022

North America has the biggest market share due to elements including a high surgical rate and an aging population that enhance its dominance in this region. The dominance of the region is strengthened by the presence of significant manufacturers and market players. Furthermore, continuous technical developments in manufacturing techniques and materials lead to the creation of more advanced and effective medical disposables.

For instance, according to Population Reference Bureau, 2022, estimated that, the number of Americans ages 65 and older is projected to increase from 58 million in 2022 to 82 million by 2050 (a 47% increase), and the 65-and-older age group's share of the total population is projected to rise from 17% to 23%.

Additionally, in February 2024, Argosy Healthcare Partners, and a division of Argosy Capital Group, Inc., a diversified investment firm with $3.3 billion in assets under management (""AUM""), a recapitalization and partnership with Command Medical Products. The Company provides contract manufacturing services for the production of single-use disposable medical devices to global medical device original equipment manufacturers (""OEMs"") and life sciences customers. Thus, the above factors help to boost the region growth.

COVID-19 Impact Analysis

Globally, coronavirus disease has increased as a result of the severe acute respiratory syndrome coronavirus-2 (SARS-CoV-2). Most COVID-19 virus-infected individuals recover without the need for specific treatment after experiencing mild to moderate respiratory disease. Due to COVID-19's transmissible nature, the worldwide market for medical devices has grown significantly.

This includes the market for single-use medical device reprocessing, which is utilized by several organizations all over the world. The demand and supply sides of the worldwide single-use medical device reprocessing market have recovered since the COVID-19 outbreak. In light of the COVID-19 scenario, the market would not profit.

The end users, which include clinics, hospitals, and diagnostic centers, are part of the demand side for the reprocessing of single use medical devices. Patients and doctors are most worried about patient safety as COVID-19 infections are spreading more quickly. Therefore, full-fledged usage of the single-use medical device reprocessing is not possible. People's fear of contracting a disease from contaminated surfaces increased during the COVID-19 pandemic as a result of surface-related issues.

Market Segmentation

By Product Type
• Dialysis Disposables
• Sterilization Supplies
• Drug Delivery Products
• Respiratory Supplies
• Incontinence Products
• Wound Management Products
• Non-woven Disposables
• Others

By Raw Material
• Metals
• Rubber
• Plastic Resin
• Paper and Paperboard
• Glass
• Nonwoven Material
• Others

By End-User
• Hospitals
• Homecare setting
• Ambulatory surgery centers
• Others

By Region
• North America
U.S.
Canada
Mexico
• Europe
Germany
UK
France
Italy
Spain
Rest of Europe
• South America
Brazil
Argentina
Rest of South America
• Asia-Pacific
China
India
Japan
South Korea
Rest of Asia-Pacific
• Middle East and Africa

Competitive Landscape

The major global players in the market include Medtronic Plc, Smith & Nephew PLC, Bayer AG, B Braun SE, Medline Industries Inc., 3M, Abbott Laboratories, Cardinal Health, Boston Scientific Corporation, Johnson & Johnson among others.

Key Developments

 On May 24, 2023, Indegene, a digital-first, life sciences commercialization company partnered with ConTIPI Medical Ltd, an innovator in the field of providing non-surgical and disposable solutions for women with various pelvic floor disfunctions, to bring a new device to the market.

 In March 2023, IceCure Medical Ltd, developer of minimally-invasive cryoablation technology, the ProSense System, that destroys tumors by freezing as an alternative to surgical tumor removal, stated the National Medical Products Administration (""NMPA"") of China approved the Company's IceSense3 disposable cryoprobes for commercial use, to be used in combination with the Company's IceSense3 console, which was previously approved by the NMPA.

 In November 2023, Marubeni Corporation, through its wholly-owned Singapore-based subsidiary Marubeni Growth Capital Asia Pte. Ltd had invested in PT One-ject Indonesia. In particular, demand for medical consumables, including syringes, is growing rapidly due to rising uptake of disposables in healthcare, driven by concerns around sanitization, the need for higher efficiency in operations, and adoption of international standards and practices.

Why Purchase the Report?
• To visualize the global medical disposables market segmentation based on product type, raw material, end-user and region as well as understand key commercial assets and players.
• Identify commercial opportunities by analyzing trends and co-development.
• Excel data sheet with numerous data points of medical disposables market-level with all segments.
• PDF report consists of a comprehensive analysis after exhaustive qualitative interviews and an in-depth study.
• Product mapping available as excel consisting of key products of all the major players.

The global medical disposables market report would provide approximately 69 tables, 58 figures and 187 Pages.

Target Audience 2023
• Manufacturers/ Buyers
• Industry Investors/Investment Bankers
• Research Professionals
• Emerging Companies