Medical Disposables Market: Hospital Segment Dominated And Held The Largest Revenue Share

 Medical Disposables Industry Overview

The global medical disposables market size is expected to reach USD 1086.6 billion by 2028, according to a new report by Grand View Research, Inc., expanding at a CAGR of 16.7% from 2021 to 2028. Rising incidence of Hospital Acquired Infections (HAIs), impact of COVID-19 outbreak, and increasing number of surgical procedures are the key factors driving the market for medical disposables.

 

Increasing number of surgeries globally is a key factor expected to drive the market over the forecast period. For instance, as per Mölnlycke Health Care AB, 70.00 million surgical procedures are performed every year in Europe. As such, medical disposable products such as hospital gowns, disposables eye gear, hand sanitizers, respiratory supplies, and sterilization supplies, which are being an essential requirement for surgical procedures, are expected to witness high demand over the forecast period. For instance, as per the report published by the Organization for Economic Co-operation and Development (OECD), around 390,352 surgeries were performed in Canada in 2017. Disposable products prevent the transmission of nosocomial infections to some extent owing to which surgeons consistently prefer to use disposable products over the reusable ones. Such factors are expected to boost market growth.

 

Increasing incidence of HAIs due to lack of sanitation and precaution is also one of the leading factors contributing to the market growth. For instance, as per the CDC, about one in 25 hospital patients contracts at least one HAI every year. Non-woven disposables such as hospital gowns provide general protection against contamination and can help to lower the risk of contracting HAIs. Furthermore, they can prevent bacterial and other microbial infections from entering a patient’s body. Thus, surgeons recommend patients to wear disposable gowns before medical procedures. These factors are anticipated to propel the market growth over the forecast period.

 

Medical Disposables Market Segmentation

Grand View Research has segmented the global medical disposables market on the basis of product, raw material, end use, and region:

Based on the Product Insights, the market is segmented into 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, and Others.

  • Sterilization supplies include cotton swabs, cotton balls test tubes, and other skin preparation products designed to reduce surgery-borne infections. The segment also includes sterilizer bags which are designed to perform convenient sterilization of medical devices. The segment also consists of innovative products such as premixed cotton swabs with sterilization solutions.

 

  • The outbreak of COVID-19 has tremendously surged the demand for hand sanitizers across the globe. As per the World Health Organization guidelines, frequent application of hand sanitizers has been recommended for every individual in order to prevent the transmission of the coronavirus.

 

Based on the Raw Material Insights, the market is segmented into Plastic Resin, Nonwoven Material, Rubber, Paper and Paperboard, Metals, Glass, and Others.

  • Plastic resins have been widely used for making medical devices such as disposable syringes, containers, tubes for intravenous solutions, and other packaging materials for medicines. The growing prevalence of hospital-acquired infections and the subsequent rising usage of disposable items to prevent the spread of COVID-19 is boosting the market growth. 

 

  • The non-woven material segment is anticipated to witness the fastest growth over the forecast period. Nonwoven material is mostly preferred as compared to woven material in hospitals and clinics as it provides better protection against hospital-borne infections and surgical site infections. In addition, certain advantages such as low weight, affordable cost, and easy recycling methods are the major factors anticipated to boost the demand for these materials.

 

Based on the End-use Insights, the market is segmented into Hospitals, Home Healthcare, Outpatient/Primary Care Facilities, and Others.

  • The hospital segment dominated the market and held the largest revenue share of 54.0% in 2020. This is due to the rising number of patient admissions in hospitals for surgeries and treatments for COVID-19. As per a study conducted by the University of California, San Francisco, in 2016, on average, more than 2000 tons of waste are generated by operating rooms per day, of which a significant portion of waste is from disposable medical supplies.

 

  • The home healthcare segment is anticipated to witness considerable growth over the forecast period. Medical disposables in the home healthcare segment mainly include used needles, syringes, lancets, solid bandages, disposable sheets, and gloves. The demand for home healthcareis rapidly increasing owing to the rising geriatric population coupled with the government legislation to reduce hospital readmissions.

 

Medical Disposables Regional Outlook

  • North America
  • Europe
  • Asia Pacific
  • Latin America
  • Middle East & Africa (MEA)

 

Key Companies Profile & Market Share Insights

Key players are involved in adopting strategies such as mergers and acquisitions, product launches, partnerships, and agreements to strengthen their position in the market. Some of the prominent players in the medical disposables market include:

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

 

Order a free sample PDF of the Medical Disposables Market Intelligence Study, published by Grand View Research.

 

About Grand View Research

Grand View Research, U.S.-based market research and consulting company, provides syndicated as well as customized research reports and consulting services. Registered in California and headquartered in San Francisco, the company comprises over 425 analysts and consultants, adding more than 1200 market research reports to its vast database each year. These reports offer in-depth analysis on 46 industries across 25 major countries worldwide. With the help of an interactive market intelligence platform, Grand View Research Helps Fortune 500 companies and renowned academic institutes understand the global and regional business environment and gauge the opportunities that lie ahead.

 

Contact:

Sherry James

Corporate Sales Specialist, USA

Grand View Research, Inc.

Phone: 1-415-349-0058

Toll Free: 1-888-202-9519

Email: sales@grandviewresearch.com

Web: https://www.grandviewresearch.com

Follow Us: LinkedIn | Twitter

Comments

Post a Comment

Popular posts from this blog

Drug Addiction - Pipeline Review, H1 2017 Market Overview and trends research report

Radiant insights, inc latest Pharmaceutical and Healthcare disease pipeline guide Drug Addiction - Pipeline Review, H1 2017, provides an overview of the Drug Addiction (Central Nervous System) pipeline landscape. Drug addiction, also called substance dependence or chemical dependency, is a disease that is characterized by a destructive pattern of drug abuse that leads to significant problems involving tolerance to or withdrawal from the substance. Drug addiction symptoms or behaviors include recurrent drug use that results in a lack of meeting important obligations at work, school, or home, inability to sleep, awake at unusual times, unusual laziness, loss of or increased in appetite, changes in eating habits, cold, sweaty palms; shaking hands., red, watery eyes; pupils larger or smaller than usual and unusual smells on breath, body or clothes. Report Highlights Radiant insights, inc Pharmaceutical and Healthcare latest pipeline guide Drug Addiction - Pipeline Review, H1 2017, p...
Read more

All Countries Dialyzer Industry 2013-2028 - Market Size, Share, Outlook, Growth, Key Players and Forecast

The global Dialyzer market was valued at $XX million in 2018, and Radiant Insights, Inc analysts predict the global market size will reach $XX million by the end of 2028, growing at a CAGR of XX% between 2018 and 2028. This report provides detailed historical analysis of global market for Dialyzer from 2013-2018, and provides extensive market forecasts from 2019-2028 by region/country and subsectors. It covers the sales volume, price, revenue, gross margin, historical growth and future perspectives in the Dialyzer market. Download Free Sample Report @ https://www.radiantinsights.com/research/2013-2028-report-on-global-dialyzer-market/request-sample Leading players of Dialyzer including: • Fresenius Medical Care • Baxter • Nipro • Asahi Kasei • Toray • B.Braun • Nikkiso • Medtronic • Kawasumi • Medica • Wego • Lengthen • Peony Medical • Chengdu OCI • Bain Medical Equipment Market split by Type, can be divided into: • Flat Type Dialyzer • Coil Tube Dialyzer • Ho...
Read more

Insights into the Medical Waste Disposal Category: A Comprehensive Procurement Intelligence Report

  Medical Waste Disposal Category Overview The medical waste disposal category is anticipated to grow at a CAGR of 6.0% from 2023 to 2030. Appropriate disposal of medical trash is the key challenge for healthcare providers across the globe. Rising awareness about the benefits of proper medical waste management for treatment, recycling, and disposal of medical trash has boosted the growth of the category. According to the World Health Organization Study Report 2022, countries with low income generate over 0.2 kg of medical trash per day per hospital bed, whereas countries with high income generate hazardous waste of up to 0.5 kg per hospital bed each day. Moreover, rising government initiatives and strict rules and regulations for waste management are also expected to drive the category. For instance, in December 2022, an MOU was signed between the Center for Health Environment Research and Development and Can Tho Central General Hospital under USAID’s Reducing Pollution Project. T...
Read more