Medical Disposables Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028

Medical Disposables Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028

Market Overview:

The global medical disposables market size reached US$ 396.8 Billion in 2022. Looking forward, IMARC Group expects the market to reach US$ 680.2 Billion by 2028, exhibiting a growth rate (CAGR) of 8.9% during 2023-2028.

Medical disposables refer to devices, apparatus, and consumables that are intended for use for a brief period of time to render quality patient care in the healthcare industry. Cross-contamination between doctors and caregivers, as well as between doctors and patients, can be prevented with the use of these devices during medical examinations, surgical procedures, and treatments. Using disposable medical supplies in medical settings is an essential component of infection control strategies as it simplifies employee tasks and reduces healthcare costs. Single-use products offer enhanced convenience over their traditional counterparts, thereby saving a considerable amount of time and money for sterilizing. Gloves, face masks, blood bags, and needles are some of the most commonly used medical disposables.

Medical Disposables Market Trends:

The market is primarily driven by the increasing incidences of hospital-acquired infections (HAIs) and surgical-site infections across the globe. This can be attributed to the rising number of surgical procedures requiring longer hospital admissions. In addition to this, a considerable rise in the prevalence of chronic diseases, such as diabetes and cardiovascular diseases, is also acting as a significant growth-inducing factor for the market. The market is also propelled by a paradigm shift towards single-use and short-term use medical supplies due to the increasing health and hygiene consciousness among the masses. Moreover, the augmenting adoption of bioplastics due to the rising environmental concerns are further creating a positive outlook for the market. Furthermore, the expanding geriatric population that is susceptible to developing various chronic illnesses is positively impacting the market growth. Some of the other factors contributing to the market include rapid improvements in healthcare infrastructure, rising government investments, continual product innovations, and extensive research and development (R&D) activities conducted by key players.

Key Market Segmentation:

IMARC Group provides an analysis of the key trends in each sub-segment of the global medical disposables market report, along with forecasts at the global, regional and country level from 2023-2028. Our report has categorized the market based on product, raw material and end use.

Breakup by Product:

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

Breakup by Raw Material:

Plastic Resin
Nonwoven Material
Rubber
Paper and Paperboard
Metals
Glass
Others

Breakup by End Use:

Hospitals
Home Healthcare
Outpatient/Primary Care Facilities
Others

Breakup by Region:

North America
United States
Canada
Asia-Pacific
China
Japan
India
South Korea
Australia
Indonesia
Others
Europe
Germany
France
United Kingdom
Italy
Spain
Russia
Others
Latin America
Brazil
Mexico
Others
Middle East and Africa

Competitive Landscape:

The competitive landscape of the industry has also been examined along with the profiles of the key players being 3M Company, Abbott Laboratories, AMMEX Corporation, Ansell Ltd., B Braun Melsungen AG, Becton Dickinson and Company, Boston Scientific Corporation, Cardinal Health Inc., Medline Industries LP, Medtronic plc, Narang Medical Limited, Smith & Nephew plc and Terumo Cardiovascular Systems Corporation (Terumo Medical Corporation).

Key Questions Answered in This Report:

How has the global medical disposables market performed so far and how will it perform in the coming years?
What has been the impact of COVID-19 on the global medical disposables market?
What are the key regional markets?
What is the breakup of the market based on the product?
What is the breakup of the market based on the raw material?
What is the breakup of the market based on the end use?
What are the various stages in the value chain of the industry?
What are the key driving factors and challenges in the industry?
What is the structure of the global medical disposables market and who are the key players?
What is the degree of competition in the industry?