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Increasing Incidence of HAIs Driving Expansion of Medical Disposables Market

09-03-2021 05:44 AM CET | Advertising, Media Consulting, Marketing Research

Press release from: P&S Intelligence

Increasing Incidence of HAIs Driving Expansion of Medical

The global medical disposables market revenue stood at around $51 billion in 2020, and it is expected to rise to nearly $90 billion by 2030. The market is being driven by the surging population of geriatric people, increasing incidence of chronic diseases, and soaring occurrence of hospital-acquired infections (HAIs) across the world. As per a report published by the World Health Organization (WHO), HAIs affect around 3.5%–12% of all people visiting healthcare centers at any given time.

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Furthermore, these infections usually affect 7.1% of the hospitalized patients in various European countries, according to the findings of the European Center for Disease Prevention and Control (ECDC). Due to the rising prevalence of these infections, healthcare settings are increasingly focusing on minimizing the risks of infection transmission. Besides this, the mushrooming population of geriatric people across the world, on account of the falling death rate and increasing life expectancy of people, is also propelling the worldwide sales of medical disposables.

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Out of these, the nonwoven medical supplies category dominated the market in 2020. When application is taken into consideration, the medical disposables market is classified into cerebrovascular, cardiovascular, gynecology, ophthalmology, orthopedics, and urology. Out of these, the cardiovascular category led the market in 2020, as per the findings of P&S Intelligence, a market research company based in India. This was primarily because of the high prevalence of cardiovascular diseases around the world. According to the observations of the WHO, cardiovascular diseases claim the lives of approximately 18 million people every year.

About P&S Intelligence
P&S Intelligence is a provider of market research and consulting services catering to the market information needs of burgeoning industries across the world. Providing the plinth of market intelligence, P&S as an enterprising research and consulting company, believes in providing thorough landscape analyses on the ever-changing market scenario, to empower companies to make informed decisions and base their business strategies with astuteness.

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