Medical Disposables Market Analysis Report By Product, By Raw Material, By End-use, By Region And Segment Forecasts From 2021 To 2028

Synopsis

The global medical disposables market was prized by USD 318.3 billion in 2020. It is estimated to witness 16.7% CAGR from 2021 to 2028.

Drivers

The enlargement of the market for medical disposables is caused by the global influence of Covid-19, rising occurrence of chronic sicknesses initiating the extended admittance to hospital, increasing frequency of Hospital Acquired Infections (HAIs), and growing figure of surgical actions.

The rising hospital admittances as well as the eruption of Covid-19 pandemic, globally, have considerably augmented the demand for the medical disposables. The World Health Organization (WHO) has requested governments and companies to augment the production of personal protective equipment by 40.0%, together with the goggles, face shields, gloves, hospital gowns, respirators, medical masks, hospital gowns, and aprons, to fulfill globally rising demand. Moreover, it is described that the growth in demand for these items has augmented their prices.

The rising occurrence of chronic sicknesses, for example cardiovascular complaints and diabetes, is expected to absolutely influence the market. As stated by the International Diabetes Federation, the worldwide occurrence of diabetes is likely to augment and reach 552.0 million by 2030 from 366.0 million in 2011.

As extended diabetes produces diabetic foot ulcers, sequentially that enlarges the period of hospital stay, representing an optimistic effect on the expansion of the medical disposables market, during the forecast period. The globally rising elderly populace isfurthermore expected to push the expansion of the market.

The continuous programs by the key companies are, moreover, expected to encourage the expansion of the market. The major companies are taking on a variety of plans to reinforce their place in the market.

Effect of Covid-19

The current eruption of Covid-19 is expected to considerably influence the market for medical disposables. The pandemic sourced by the disease SARS-CoV-2 has significantly augmented the demand for equipments required at hospital, such as disinfectant products, gowns, antiseptics, emergency supplies, medicines, and medical disposable products.

Raw Material Insight

The plastic resins section held the biggest, more than 58.0% revenue share and led the medical disposables market, in 2020, on the basis of raw material. The plastic resins are extensively utilized for manufacturing medicinal devices like tubes for intravenous solutions, disposable syringes, containers, plus additional packaging materials required for medicines. The increasing commonness of hospital-acquired disease in addition to the consequent increasing use of disposable objects, to avert the distribution of Covid-19, is increasing the expansion of the market.

The non-woven material section is expected to observe the highest enlargement during the forecast period. As contrast to woven material, the nonwoven material is frequently chosen in clinics and hospitals because it offers superior shield, counter to the hospital supported diseases as well as contamination at surgical places. Besides, several advantages for example, simple procedures of salvage, small weight, and reasonably priced are the most important factors, expected to increase the demand for these materials.

Product Insight

The sterilization supplies section retained the major, more than 13.0% revenue share and led the medical disposables market, in 2020. On the basis of product, the market is sub divided in to hand sanitizers, disposable gloves, disposable eye gear, disposable masks, non-woven disposables, sterilization supplies, respiratory supplies, incontinence products, dialysis disposables, diagnostic & laboratory disposables, drug delivery products, wound management products and others.

The Covid-19 pandemic has extremely increased the demand for hand sanitizers, all over the world. According to the World Health Organization strategy, the recurrent use of hand sanitizers has been suggested for each person, so as to avoid the spread of the corona virus.

End Use Insight

In 2020, the hospital section retained the major, 54.0% revenue share and led the medical disposables market. This is because of the increasing figure of patient admittance in hospitals, intended for the treatments of Covid-19 as well as surgical procedures. Consequently, such elevated use of medical disposables in the hospitals may perhaps advance the development of the section, during the forecast period.

The home healthcare section is expected to observe substantial enlargement during the forecast period. The medical disposables, used in the home healthcare section, mostly consist of gloves, solid bandages, used needles, disposable sheets, lancets and syringes. The increasing acceptance of home healthcare is likely to impel the demand for medical disposables, during the forecast period.

Regional Insight

As a result of existence of major companies within this region, plus the rising number of surgical treatments, North America held the leading, 33.3% revenue share of the medical disposables market, in 2020. In addition, the growth in the figure of Covid-19 patients, within this region, has stimulated the demand for medical disposables.

As said by the information, published on 20th April 2020 by the World Health Organization (WHO), over 33,909 open cases were accounted and above 1,509 fresh verified cases were noticed in Canada. Furthermore, the figure of cases is likely to considerably enlarge, during the subsequently month or two. These factors are expected to boost the demand for medical disposables, with in the region.

Due to the rising commonness of cardiovascular complaints and growing elderly populace, the market is projected to observe the highest development during the forecast period, in Asia Pacific. It is one of the badly affected areas by Covid-19. South Korea and China have accounted an exceptionally greater number of Covid-19 cases. Besides, the thickly inhabited pockets, within this region, are creating it easier for the public spread of the disease. A greater number of prospective patients, within this region, are expected to power the enlargement of the market, during the forecast period.

Companies

The major companies are engaged in implementing policies like contracts, new product presentation, mergers & acquisitions and joint ventures to reinforce their place in the market for medical disposables.

Some of the companies for medical disposables market are:

    • 3M
    • Bayer AG
    • Medline Industries, Inc.
    • Cardinal Health
    • BD
    • Smith & Nephew PLC

Report Scope

Segments Covered in the Report

This report forecasts revenue growth at global, regional, and country levels and provides an analysis of the latest industry trends in each of the sub-segments from 2016 to 2028. For the purpose of this study, Million Insights has segmented the global medical disposables market report on the basis of product, raw material, end-use, and region:

• Product Outlook (Revenue, USD Million, 2016 - 2028)
    • 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
        • Gel Sanitizers
        • Foam Sanitizers
        • Liquid Sanitizers
        • Other Sanitizers
    • Others

• Raw Material Outlook (Revenue, USD Million, 2016 - 2028)
    • Plastic Resin
    • Nonwoven Material
    • Rubber
    • Paper and Paperboard
    • Metals
    • Glass
    • Others

• End-use Outlook (Revenue, USD Million, 2016 - 2028)
    • Hospitals
    • Home Healthcare
    • Outpatient/Primary Care Facilities
    • Others

• Regional Outlook (Revenue, USD Million, 2016 - 2028)
    • North America
        • U.S.
        • Canada
    • Europe
        • U.K.
        • Germany
        • France
        • Italy
        • Spain
    • Asia Pacific
        • China
        • Japan
        • India
        • Australia
        • South Korea
    • Latin America
        • Brazil
        • Mexico
        • Argentina
        • Colombia
    • MEA
        • South Africa
        • Saudi Arabia
        • UAE