Market Research Future (MRFR) has published on the “Global Medical Disposables Market”.
The Medical Disposables market is estimated to register a CAGR of 6.20% during the forecast period of 2023 to 2032.
MRFR recognizes the following companies as the key players in the global Medical Disposables market— Medline Industries Inc., Smith & Nephew Plc, Bayer AG, BD, 3M Company, Cardinal Health Inc, Ansell Ltd, Medtronic plc, Becton Dickinson and Company, AMMEX Company.
The global Medical Disposables market is accounted to register a CAGR of 6.20% during the forecast period and is estimated to reach USD 422.5 billion by 2032.
The medical disposables market has been experiencing rapid growth, driven by factors such as increased healthcare expenditure, rising awareness of infection control, and the expanding healthcare industry. The market offers a wide range of disposable products including, gloves, syringes, surgical drapes, and wound care products, catering to diverse healthcare needs across hospitals clinics, and home healthcare settings. Market leaders are expanding their reach into emerging markets, especially in the Asia Pacific region, where healthcare infrastructure development and growing healthcare access are boosting demand for medical disposables. Ongoing innovations in materials, design, and technology are leading to the development of more advanced and efficient disposable medical products, further fueling market growth.
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The global medical disposables market has been segmented based on type, product and end user.
On the basis of product, the market is segmented into Wound Management Products, Drug Delivery Products, Diagnostic and Laboratory Disposables, Dialysis Disposable, Incontinence Products, Respiratory Supplies, Sterilization Supplies, Non-woven Disposables, Disposable Masks, Disposable Eye Gear, Disposable Gloves, Hand Sanitizers and Others. The non-woven disposables segment was attributed to holding the largest market share in 2022, due to its superior characteristics and material being environmentally friendly.
Based on raw material, the global Medical Disposables market has been segmented into Plastic Resin, Nonwoven Material, Rubber, Paper and Paperboard, Metals, Glass and Others. The plastic resin segment was expected to hold the largest market share in 2022, due to its cost-effectiveness and ease of manufacturing.
Based on end user, the global Medical Disposables market has been segmented into Hospitals, Home Healthcare, Outpatient/Primary Care Facilities and Others. The hospitals segment was expected to hold the largest market share in 2022, due to the presence of stringent infection control standards and large volume of patients.
The global Medical Disposables market, based on region, has been divided into the North America, Europe, Asia-Pacific, and Rest of the World. North America consists of US and Canada. The Europe Medical Disposables market comprises of Germany, France, the UK, Italy, Spain, and the rest of Europe. The Medical Disposables market in Asia-Pacific has been segmented into China, India, Japan, Australia, South Korea, and the rest of Asia-Pacific. The Rest of the World Medical Disposables market comprises of Middle East, Africa, and Latin America.
The largest market share for Medical Disposables was maintained by the North American regional sector. This increase is attributed to its North America boasts a highly developed healthcare infrastructure and a substantial healthcare expenditure, leading to a robust demand for medical disposables across hospitals, clinics, and other healthcare facilities. Stringent infection control regulations and a strong emphasis on patient safety in the region drive the adoption of disposable medical products to maintain sterile environments and minimize healthcare-associated infections. Also, the presence of major manufacturers and suppliers and large and aging population in North America enhances the market growth.
Moreover, the Europe market has been persistently growing over the forecast period. The demand for Medical Disposables is driven by the region's well-established healthcare infrastructure and the increasing adoption of disposable medical products to meet stringent infection control and safety standards. Additionally, the aging population and a growing focus on home healthcare services contribute to the rising demand for disposable items, especially in countries with aging demographics like many European nations.
Additionally, due to region's rapidly growing healthcare industry, with increased healthcare infrastructure development and expansion of healthcare access and rising awareness of infection control measures and a growing focus on patient safety also contribute to the demand for disposable medical products in healthcare facilities throughout the Asia Pacific region. Additionally, the Asia Pacific region's large and diverse population, coupled with the increasing prevalence of chronic diseases, fuels the need for medical disposables, including gloves, masks, and syringes, to meet the healthcare requirements of its populace.
Furthermore, the rest of the world's Medical Disposables market is divided into the Middle East, Africa, and Latin America. This growth is attributed to the growing healthcare infrastructure and increasing adoption of infection prevention measures. Government support, a rise in investor interest, and the viability of the technology in the sector are all contributing factors to the market expansion.
Key Findings of the Study
- The global Medical Disposables market is expected to reach USD 422.5 billion by 2032, at a CAGR of 6.20% during the forecast period.
- The Asia-Pacific region accounted for the fastest-growing global market due to the rapidly growing healthcare infrastructure and rising awareness of infection control measures and growing emphasis on patient safety.
- Based on end use, the hospitals segment was attributed to holding the largest market in 2022, with an approximate market share of 55%.
- Medline Industries Inc., Smith & Nephew Plc, Bayer AG, BD, 3M Company, Cardinal Health Inc, Ansell Ltd, Medtronic plc, Becton Dickinson and Company, AMMEX Company.