The global medical disposables market size was US$ 365 billion in 2021. The global medical disposables market size is forecast to reach US$ 1,424 billion by 2030, growing at a compound annual growth rate (CAGR) of 16.8% during the forecast period from 2022 to 2030.
Medical disposable tools are those that are intended to be used only once or for a short length of time. Medical disposables are products used in hospitals and other medical environments to prevent infection and meet medical requirements. Medical disposables are critical for reducing the danger of cross-contamination and infection, which is a top priority for healthcare providers and governments worldwide.
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Factors Influencing Market Growth
Increasing incidences of hospital-acquired infections (HAI), growing surgical techniques, and increasing awareness concerning the importance of maintaining health and hygiene drive the global market.
Insufficient refunds for these devices may slow down the overall market growth.
The rising incidence of chronic conditions and the increasing geriatric population are forecast to offer lucrative opportunities for the global market during the forecast period.
Impact Analysis of COVID-19
The COVID-19 pandemic had a positive impact on the global market. Due to continued focus on a substantially rising number of patient admissions and broad COVID-19 testing programs around the world. This increased the demand for medical disposable products, emergency supplies, and hospital equipment, including gowns, antiseptics, and disinfectant products. Medical disposables are used only once, so they reduce the risk of virus infection.
Regional Analysis
North America garnered the major market share in 2021 and is forecast to remain dominant during the forecast period. As a result of the growing R&D spending, a rise in the geriatric population, and an increasing prevalence of HAIs. In addition, the increasing need to contain growing healthcare spending and the rising prevalence of chronic disease in the United States. Additionally, the well-structured established healthcare infrastructure and strict regulatory framework in the United States. Thus, these factors boost the market growth in the region.
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Leading Competitors
The leading prominent companies profiled in the global medical disposables market are:
Abbott Laboratories
Boston Scientific Corporation
B. Braun Melsungen AG
Johnson and Johnson
Terumo Corporation
3M Company
Smith and Nephew plc
Pfizer Incorporated
Medtronic plc
Cardinal Health
Other Prominent Players
Scope of the Report
The global medical disposables market segmentation focuses on Product, Raw Material, End-use, and Region.
Segmentation based on Product
Wound Management Supplies
Drug Delivery Disposables
o Syringes
o Tubes
o Contact Lens
o Others
Non-Woven Medical Disposables
o Surgical Masks
o Surgical Drapes
o Shoe Covers
o Surgical Caps
o Surgical Gowns
o Sterile Nonwoven Swabs
Others
Segmentation based on Raw Material
Plastic Resin
Rubber
Nonwoven Material
Metals
Paper and Paperboard
Glass
Others
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Segmentation based on End-use
Hospitals
Outpatient/Primary Care Facilities
Home Healthcare
Others
Segmentation based on Region
North America
The U.S.
Canada
Mexico
Europe
Western Europe
The UK
Germany
France
Italy
Spain
Rest of Western Europe
Eastern Europe
Poland
Russia
Rest of Eastern Europe
Asia Pacific
China
India
Japan
Australia & New Zealand
ASEAN
Rest of Asia Pacific
Middle East & Africa (MEA)
UAE
Saudi Arabia
South Africa
Rest of MEA
South America
Brazil
Argentina
Rest of South America
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