Disposable Medical Supplies Market Insights: Detailed Analysis, Competitive Landscape, and Forecast

Disposable Medical Supplies Market

The global Disposable Medical Supplies market size is projected to reach USD 314410 Million by 2028, from USD 224050 Million in 2021, at a CAGR of 4.9% during 2022-2028. Key drivers of the disposable medical supplies market include the rising number of surgical procedures and the increasing prevalence of HAIs( Hospital Acquired Infections). The covid 19 impact will significantly boost the growth of the disposable medical supplies market during the forecast period.

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Trends Influencing the Global Disposable Medical Supplies Market

Medical operations and HAIs

As the global healthcare burden is increasing more people are getting admitted into hospitals for treatment. A huge number of surgeries are being done to increase the health outcome of patients. Disposable medical supplies are single-use healthcare instruments that do not need regular sterilization or cleaning. They are contaminant free and can be traced easily. Instruments such as gloves, infusions, needles, blood bags, catheters, masks, implanting material, and surgical dresses are required extensively in medical settings. Moreover as per the Centers for Disease Control and Prevention data about one in 31 admitted patients suffer from hospital infections. The most common type of illnesses includes pneumonia, bloodstream infection, urinary tract, and surgical site infections. Due to longer admission processes and surging disease rates various bacterial, fungal, and viral pathogens are spreading rapidly. This augments the demand for proper disposable clothing. Such factors will fuel the growth of the disposable medical supplies market during the forecast period.

Pandemic accelerated demand

Covid 19 led to a shortage of necessary medical supplies due to demand-supply constraints. Gowns, gloves, masks, and PPE suits were out of stock in many hospitals across the world as manufacturers struggled to keep up pace with the production. The virus instilled a strong need for adhering to good healthcare practices for saving the lives of patients and frontline staff. People have started acknowledging the effects of good hygiene and sanitation. As per a study conducted by the International Journal of Infectious Diseases workers who were dependent on reusable medical clothing were more likely to contract the viral disease in comparison to workers who were using single-use PPE suits. Moreover, disposable ventilator circuits form a strong protective barrier against the aerosol particles of the covid 19 virus. Healthcare providers were not infected as it was monitored and changed regularly. Single-use products can help save a huge amount of money for hospitals as it decreases the infection rate leading to shorter stays and lower readmission rates.

Huge prevalence of chronic diseases

The global healthcare burden is rising exponentially. Diseases such as Alzheimer's, Diabetes, Cancer, High Blood pressure, Cholesterol, stroke, and other cardiovascular diseases have spread significantly amongst all age groups. This automatically leads to the need for specialist physician access, emergency department presentations, discussions, and expanding hospital admissions. Due to rapid urbanization and an increase in disposable income people are spending more on hospital care. These will create lucrative opportunities for the growth of the disposable medical supplies market during the forecast period. Other factors contributing to the growth are the advancing healthcare industry and the growing aging population who are prone to multi-level chronic diseases.

Environmental degradation due to improper waste disposal

The medical industry is responsible for disposing tonnes of hazardous and non-hazardous garbage. Plastic syringes, single-use gowns, sterile packages, and surgical instruments are dumped immediately into landfills and dumpsters. Due to patient safety, convenience, and being cost-effective instruments in clinical care and operating rooms are being marked single-use and thrown away. Huge heaps of garbage are piling up in nearby landfill areas. The recent covid 19 pandemic and several infection outbreaks reveal the weak spots in the hospital supply chain. Several materials either cannot be reused or sterilized completely. Hence regulatory authorities have added strict rules regarding the usage. Single-use marked items are to be thrown out. Such factors lead to a host of environmental problems which is likely to deter the growth prospects of the disposable medical supplies market during the forecast period.

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Disposable Medical Supplies Market Share

Based on type, the segmentations are infection and infusion, wound care, blood, and dialysis, medical implanting material, disposable clothing, incontinence supplies, and surgical supplies.

Based on application, the hospitals and other medical institutions will dominate in the disposable medical supplies market share owing to growing surgical procedures and rising patient admission rates.

Based on region, North America is expected to witness considerable growth in the disposable medical supplies market share due to the presence of key players and being one of the worst-hit countries for covid 19.

Disposable Medical Supplies Market Segment by Type
• Injection and Infusion
• Wound Care
• Blood and Dialysis
• Medical Implanting Material
• Disposable Clothing
• Incontinence Supplies
• Surgical Supplies
• Others

Disposable Medical Supplies Market Segment by Application
• Home Healthcare & Nursing Home
• Hospitals & Other Medical Institutions

Disposable Medical Supplies Market Segment by Key Companies
• Johnson & Johnson
• Baxter
• Fresenius
• Boston Scientific
• Medtronic
• BD
• 3M
• Terumo Corporation
• Braun
• Smith & Nephew
• Abbott
• R. Bard
• Novartis
• ConvaTec
• Medline
• Teleflex
• Halyard Health
• Nitto Medical
• Coloplast
• Smiths Group
• Weigao
• BSN medical
• Lohmann & Rauscher
• Ansell

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This release was published on openPR.