Medical Disposables Market Size, Share and Industry Analysis Report, Regional Outlook, Growth Potential, Competitive Market Share & Forecast, 2024 – 2032

Medical Disposables Market Size, Share and Industry Analysis Report, Regional Outlook, Growth Potential, Competitive Market Share & Forecast, 2024 – 2032

Medical Disposables Market Size

Medical Disposables Market size is set to grow significantly from 2024 to 2032 driven by the ongoing transition from the use of reusable medical equipment to disposable medical supplies to reduce the risk of cross-contamination and surgical-site infections. In addition, the growing use of bioplastics to reduce the environmental impact of the healthcare sector will boost the usage of biodegradable medical supplies and disposables by 2032.
 

Medical disposables are systems intended to be used once or temporarily to render quality patient care. These single-use products include gloves, blood bags, needles, and face masks, which can replace conventional equipment that involves a costly and time-consuming sterilization procedure.
 

According to the NCBI data, nearly 21% of the elderly population in India have at least one chronic disease. The high incidence rate of chronic conditions and the subsequent increase in the rate of hospitalizations leading to risk of HAIs are some of the factors bolstering overall industry performance through 2032.
 

Medical Disposables Market Trends

There is a shift towards eco-friendly and sustainable disposable products in the medical sector. The growing adoption of telemedicine leading to increased demand for remote patient monitoring devices, and a focus on infection prevention among & across patients & doctors are bolstering the demand for medical disposables. Additionally, innovations in materials and manufacturing processes are enhancing product quality and performance, while regulatory changes and standards are building trust among the users and patients. All these trends will combinedly shape the market outlook.
 

Medical Disposables Market Analysis

Based on product, the surgical instruments and supplies segment is projected to hold a considerable market share by 2032 due to rapid technological advancements and the growing acceptance of minimally invasive treatment worldwide, which is amplifying the deployment of disposable surgical gloves and other products. The increasing reliance on ambulatory surgical centers (ASC) to perform outpatient surgery will further boost the product demand.
 

In terms of end-use, the medical disposables industry share from the hospital segment is poised to record sizeable expansion through 2032 due to the mounting number of patient admissions in hospitals for surgeries and treatments. These healthcare institutes have advanced equipment as well as medical professional who understand the importance of hygiene & sanitization. With the fund availability and focus on preventing HAIs, the hospital segment will continue to be notable consumer of medical disposables.
 

Asia Pacific medical disposables market will amass substantial profits by 2032 on account of the increased health spending in emerging economies such as China and India. This, along with the growing elderly population and the high burden of chronic diseases, will also serve as major factors propelling the regional market development over the forecast timespan.
 

The 'India Ageing Report 2023', a collaboration between the United Nations Population Fund (UNFPA) and the International Institute for Population Sciences (IIPS), projects that by 2050, one-fifth of India's population will consist of elderly individuals aged 60 and above. As of July 1, 2022, there were 149 million individuals in this age group, constituting approximately 10.5% of the total population. The report forecasts that by 2050, this demographic will double to 20.8%, with the absolute number reaching 347 million.
 

Medical Disposables Market Share

Prominent players in the industry include

• 3M Company
• Smiths Medical (ICU Medical)
• STERIS plc
• Smith & Nephew
• Johnson & Johnson
• Terumo Medical Corporation
• Cardinal Health
• Boston Scientific
• ConvaTec Inc.
• B. Braun
• Boston Scientific
• Baxter International Inc.
• Kimberly-Clark Corporation
• Medline IndustriesInc.
• Abbott Laboratories
• Ansell Limited
• Ahlstrom-Munksjo
• Gerresheimer AG
   

Medical Disposables Industry News

•  In September 2022, B. Braun Medical Inc. acquired the innovative Clik-FIX catheter securement device portfolio from Starboard Medical, Inc. This acquisition by B. Braun furthered the company's legacy of innovating products and programs aimed at enhancing the patient experience and improving outcomes with peripheral intravenous (IV) therapy.
   
•  In March 2023, IceCure Medical Ltd. announced that the National Medical Products Administration ("NMPA") of China has approved the commercial use of its IceSense3 disposable cryoprobes.

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