How Big Is The Medical Disposables Market? | Grand View Research, Inc.

August 28 20:50 2020
How Big Is The Medical Disposables Market? | Grand View Research, Inc.

Grand View Research, Inc. – Market Research And Consulting
The global medical disposables market size was estimated at USD 247.99 billion in 2019 and is expected to reach USD 286.01 billion in 2020.

The global medical disposables market size is expected to grow at a CAGR of 16.7% from 2020 to 2027. Demand for preventive measures to combat hospital acquired infections if fueling the medical disposables market growth. Increase in the occurrence of hospital acquired infections has driven focus on implementing stricter and upgraded enforcement of contamination prevention protocols by health facilities like hospitals throughout the world. Furthermore, in most countries, a large of surgical and outpatient activities are anticipated to boost growth. Global sales of medical disposables, such as home test kits, adhesive bandages, and incontinence garments are likely to swell owing to the influence of changing epidemiological and demographic patterns. This emerging trend is encouraging the adoption of regular practice of self-treatment and preventive medicine.  

The United States, Japan, China, Russia, France, Germany, Brazil, Italy, India, and the United Kingdom are projected to comprise largest national markets in the forecast timeframe. This can be attributed to the cutting-edge medical delivery systems, which has already adopted stringent disease prevention standards and is accessible to most residents. Also, growth in the BRIC emerging economies is expected to surpass the global average as health care sectors are modernized and expanded to formal infection prevention protocols.

Supplies and devices for the treatment and management of prevalent severe conditions are supporting revenue growth. Some of the products used includes dialysis, transdermal drug delivery, urinary drainage, respiratory aids like asthma and obstructive pulmonary disease, ostomy, and incontinence. The market demand for medical waste disposal supplies are likely to grow above the average pace, due to increasing preferences for value-added products with improved infection prevention safeguards.

U.S. medical disposables market size

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Covid-19 Effect:

The ongoing outbreak of COVID-19 pandemic is estimated to positively impact the market during the analysis timeline. The crisis caused by the SARS-CoV-2 virus has massively increased the demand for medicines, emergency supplies, medical disposable products, and hospital equipment, including gowns,  disinfectant products, and antiseptics.

With infections surging, the apprehension regarding incurring a shortage of essential medical supplies and other devices has widened the scope of product development. With rise in the number of hospital admissions, the need for medical disposables have also increased across the globe. The World Health Organization (WHO) has appealed to industries and governments to make funding for speeding up the manufacturing process of disposable personal protective equipment, including gloves, hospital gowns, medical masks, aprons, face shields, respirators, and goggles.

Further findings from the report suggest:

  • The disposable masks segment dominated the product segment and accounted for more than 12.00% share of the overall revenue in 2019. The disposable masks are primarily used to enhance protection against air borne diseases and the transmission of other harmful agents.
  • The plastic resins have been extensively used for developing medical devices, such as disposable containers, syringes, tubes for intravenous (IV) fluids, and other medicine packaging materials. The increasing prevalence of HAI and consequent rise in the disposable items usage to control COVID-19 outburst are boosting the market growth.

Global medical disposables market share

 

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Major Players:

  • Medline Industries, Inc.
  • Smith & Nephew PLC
  • Bayer AG
  • BD
  • 3M
  • Cardinal Health

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