Global Disposable Medical Supplies - Market Share Analysis, Industry Trends & Statistics, Growth Forecasts (2024 - 2029)

Global Disposable Medical Supplies - Market Share Analysis, Industry Trends & Statistics, Growth Forecasts (2024 - 2029)

The disposable medical supplies market is projected to register a CAGR of 9.4% during the forecast period (2022-2027).

The COVID-19 outbreak significantly impacted the disposable medical supplies market by the sudden increase in the demand for disposable products, such as gowns, masks, antiseptics, and disinfectant products. The increase in COVID-19-affected patients led to an increase in hospital admissions across the world, due to which the demand for disposable medical supplies has increased significantly. The Australian government announced a USD 180 million Living with COVID-19 primary care package on October 29, 2021, with the goal of bolstering and supporting primary care for the community's management of mild and moderate COVID-19 patients. PPE bundles are being made available to general practitioners (GPs), Aboriginal and Community Controlled Health Services (ACCHSs), GP-led Respiratory Clinics (GPRCs), and immunizing pharmacists for free under emergency circumstances as part of the Australian Government's Living with COVID Primary Care package. Hence, COVID-19 had positive impact on this market, and it is expected to contribute significantly during the forecast period.

In addition, increasing surgical procedures, an increase in hospital-acquired infections (HAI) and other chronic diseases, and increased public awareness of the value of maintaining hygiene and good health are all important drivers of the expansion of the disposable medical supplies market. According to data from Agency for Healthcare Research and Quality (AHRQ) 2021, more than 10 million patients undergo surgical procedures as inpatients each year, accounting for over one-fourth of all hospital stays. The most frequent inpatient surgical operations are Cesarean sections, orthopaedic treatments (hip and knee replacement, hip fracture repair), neurosurgical procedures (spinal fusion and laminectomy), and intraabdominal surgeries (cholecystectomy and colorectal resections). Pathogens, which spread swiftly in the body, are typically to blame for hospital acquired infections. The infections spread more quickly than chronic infections because of the patients' weakened immune systems and the unsanitary circumstances in a hospital. According to the Center for Diseases Control and Prevention, in 2021, approximately 75% of UTIs acquired in the hospital are linked to a urinary catheter. 15-25 percent of hospitalised patients utilise urinary catheters during their stay. Additionally, 19,738 cases of urinary tract infections linked to catheter use were documented in the US in 2020.

Chronic diseases, such as diabetes and cardiovascular diseases, impacted the disposables medical supplies market significantly. For instance, according to the International Diabetes Federation, in September 2021, In 2021, Approximately 537 million adults (20-79 years) are living with diabetes. By 2030, there will be 643 million diabetics worldwide, and by 2045, there will be 783 million. Long-term diabetes may cause foot ulcers, lengthen hospital stays, and have a favourable effect on the market during the projection period. Despite the careful precautions the healthcare sector has taken, many people develop hospital-acquired illnesses while they are being treated there. The Centers for Disease Control and Prevention (CDC) estimate that more than 3% of patients in the United States experience hospital-acquired infections each year.

The market for disposable medical supplies is also anticipated to be driven by rising awareness among healthcare professionals regarding hygiene and health as well as an increase in robot-assisted surgical procedures. Growing instances of infections occurring during pregnancy and surgical procedures raised awareness of the importance of cleanliness and safety. Additionally, the rise in COVID-19 cases globally and the expanding demand for frontline workers to shield themselves from the fatal virus's transmission may spur market expansion. Furthermore growing product launches by the key market players supports the market growth. For Instance, in May 2021, Windsor-based Harbour Technologies expanded its protective equipment manufacturing operations to Chatham-Kent. It is opening a state-of-the-art manufacturing facility in Chatham to make surgical isolation gowns. Additionally, in December 2021, Barameda Signed a supply contract for surgical drapes, drapes sets, surgical gowns, and other single-use products with one of the largest Latvian medical institutions - Riga Eastern Clinical University Hospital.

However, an increase in waste produced due to disposable products and inadequate reimbursement for these devices are expected to restrain the market growth over the forecast period.

Disposable Medical Supplies Market Trends

The Masks Segment is Expected to Account for the Largest Market Share During the Forecast Period.

The masks segment contributed the most to revenue. Sales of disposable masks have increased significantly over the world as a result of the current COVID-19 outbreak, which has had a significant impact on the market. The World Health Organization has advised everyone to wear disposable masks in order to stop the number of deaths caused by serious infection from increasing. In such situations, disposable mask demand continuously rising after Covid.

The primary growth drivers in this segment are expanding consumer adoption, rising pollution levels, and rising health and wellness awareness. Due to the daily rise in surgical procedures and the unprecedented spread of the coronavirus, disposable face masks are also becoming more and more common. According to the World Health Organization Global Air Quality Guidelines released in September 2021, low- and middle-income nations have the highest disease burden attributable to pollution, and hundreds of millions of healthy life years have been lost globally. Air pollution has a greater impact on people with chronic illnesses (including asthma, chronic obstructive pulmonary disease, and heart disease), as well as the elderly, children, and pregnant women. This factor may further lead to higher adoption of disposable face masks.

Governments around the world are limiting exports to satisfy domestic demand through increased production as the virus has spread to over 213 countries. This has led to shortcomings in countries that depend on imports. Thus, many organisations worldwide are making efforts to increase the production of face masks in order to meet the growing demand for masks. As of early May 2021, 88% of the total world's population lived in nations that mandated the utilization of face masks out in the public. The use of masks has been ordered by about 75 nations.

Moreover, COVID-19 has had a significant negative impact on the United States. As a result, government and regulatory bodies are taking measures to prevent the further spread of the disease. Companies are also taking the initiative to create and offer masks to other people, including healthcare professionals. For instance, in November 2021, Health Canada approved Ezzigroup Inc.'s compostable surgical grade face mask manufactured in Canada. These compostable masks are ASTM F-2100 certified. Hence, these factors are expected to boost the growth of the market. Due to increased awareness among general population, the masks segment drive the disposable medical supplies market.

North America is Expected to Hold a Significant Share in the Market and Expected to do Same in the Forecast Period.

Due to the growing number of surgeries, sophisticated infrastructure, considerable government investment in enhancing healthcare facilities, and rising prevalence of chronic diseases, North America held the largest market share in the disposable medical supplies market. Additionally, an increase of COVID-19 patients in this region has increased demand for medical supplies. According to the Center for Disease Control and Prevention, in 2021, about a 24% increase in central line bloodstream infection (CLABSI) and a 35% increase in Ventilator-Associated Event (VAE) in 2020. Therefore, the rising prevalence of hospital-acquired infections in the United States spurs regional market expansion. In the United States, the number of hospital admissions has continuously increased over the years. For instance, as per the American Hospital Association (AHA) 2021 report, there were around 36,241,815 total admissions in United States hospitals with 34,078,100 admissions in community hospitals. Furthermore, as per the Canadian Institute for Health Information (CIHI), in 2021, there were around 3 million acute inpatient hospitalizations in Canada, and the hospitalization rate was 7,699 per 100,000 in 2020. Thus, the growing number of hospital admission is expected to drive the demand for disposable medical supplies thereby boosting the market growth.

COVID-19 significantly influences the market for disposable medical supplies in the region. For instance, in February 2020, Alpha Pro Tech, Ltd. reported the remarkable increase of production of its N-95 Particulate Respirator face veils in light of a huge expansion in client interest and level of requests coming because of the flare-up of COVID-19. The organization has started extra N-95 Particulate Respirator face cover creation at its Salt Lake City, Utah office (United States). In April 2021, Yanimed entered into a joint venture with Guangdong Guyun Medical Technology Co., ltd. seeking to establish Yanimed-YaniPure, a new company offering premium gloves that will only serve the American market.

Moreover, growing product launches by the key market players is anticipated to boost the market growth. In April 2021, Cardinal Health was awarded a USD 57.8 million contract for the storage and distribution of 80,000 pallets of PPE to support the Strategic National Stockpile (SNS), part of the Office of the Assistant Secretary for Preparedness and Response within United States Department of Health and Human Services. Such regional advancement is expected to boost the market growth in the North American region.

Disposable Medical Supplies Industry Overview

The disposable medical supplies market is moderately competitive and consists of several major players. In terms of market share, a few of the major players are currently dominating the market. Some of the companies which are key players in the market are Cardinal Health, Inc., Medtronic, 3M, Owens & Minor, Molnlycke Health Care AB, Medline Industries Inc, Semperit AG Holding, Ansell Healthcare LLC, Nipro Corporation and McKesson Corporation

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