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Growth in Medical Disposables Market Is Attributed to Rising Incidence of Hospital Acquired Infections

07-27-2021 06:15 PM CET | Health & Medicine

Press release from: Coherent Market Insights

Growth in Medical Disposables Market Is Attributed to Rising

A disposable device is any medical apparatus intended for one-time or temporary use. Medical disposables are used in hospitals or in various medical fields for infection prevention and safety measures to meet medical standards. Moreover, they help reduce the risk of infections and cross-contamination; a primary aim of governments and healthcare professionals worldwide. Therefore, there is an increasing demand for medical disposables worldwide. According to the Centers for Disease Control (CDC), hospital acquired infections account for around 1.7 million infections and 99,000 associated deaths each year, in American hospitals alone. Which, in turn, is expected to augment the medical disposables market growth.

Hospital acquired infections (HAIs) are usually acquired after hospitalization and manifest 48 hours after admission to the hospital. Medical disposables includes wound care products, blood glucose test strips, procedure kits and trays, disposable medical catheters, isolation gowns, and conventional syringes. Moreover, increasing demand for sophisticated healthcare facilities and the growing geriatric population worldwide are some of the important factors that are driving the growth of the medical disposables market. The increasing number of persons >65 years of age form a special population at risk for nosocomial and other health care-associated infections.

Amid the COVID-19 crisis, the global market for Medical Disposables estimated at US$294.4 Billion in the year 2020, is projected to reach a revised size of US$533.8 Billion by 2027, growing at a CAGR of 8.9% over the analysis period.

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On the basis of materials medical disposable market is segmented into
• Nonwoven Material
• Plastic resins
• Paper and paperboard
• Rubber
• Metals
• Glass
• Others

On the basis of product type, medical disposable market is segmented into
• Drug Delivery Disposables
• Tubes
• Contact lens
• Syringes
• Others
• Wound management supplies
• Non-woven medical disposables
• Surgical masks
• Surgical drapes

According to the World Health Organization (WHO), by 2050, the world's population aged 60 years and older is expected to total 2 billion, up from 900 million in 2015. This in turn is also expected to increase the demand for medical disposables worldwide. Moreover, the cases of HAI are increasing due to prolonged hospitalization.

Increasing prevalence of chronic diseases leading to longer hospital admission, which in turn increases demand for medical disposables, driving the growth of the medical disposables market.

According to WHO, chronic diseases, such as cancer and heart disease, are the leading causes of death and disability worldwide.

Medical disposables are used in various medical fields which includes surgical wear, hygiene, anesthesia, and pediatric among others. Moreover, need for medical disposables is rising due to the increasing numbers of hospitals. The market will further expand due to the continuous development of new and advanced products.

However, disposables fall into the category of biomedical waste, and thus should be discarded accordingly. All medical disposables that have been contaminated with bodily fluids, blood, excretions, or secretions are considered hazardous and should be handled as biomedical waste. Thus, stringent rules and regulations regarding medical wastage are expected to restrain growth of the medical disposables market.

Read more @ https://www.coherentmarketinsights.com/ongoing-insight/medical-disposables-market-688

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Coherent Market Insights (CMI) is a global market intelligence and consulting organization focused on assisting plethora of clients achieve transformational growth by helping them make critical business decisions. The company is headquartered in India, having office at global financial capital in the U.S. and sales consultants in United Kingdom and Japan. The company’s client base includes players from across various business verticals in over 47 countries globally. It takes pride in catering to clients across the length and width of the horizon, from Fortune 500 enlisted companies, to not-for-profit organization, and start-ups looking to establish a foothold in the market.

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