Global Medical Disposables Market Size By Product Type (Surgical Instruments and Supplies And Diagnostics and Laboratory Disposables), By Raw Material (Plastic Resin And Non-Woven Material), By End-Use (Hospitals, Outpatient/Primary Care Facilities and Home Healthcare), By Geography Scope And Forecast

Medical Disposables Market Size And Forecast

Medical Disposables Market size was valued at USD 408.3 Billion in 2022 and is projected to reach USD 1,357.2 Billion by 2030, growing at a CAGR of 16.20% from 2023 to 2030.

Medical Disposables and other healthcare services are in more demand as the population ages. The Global Medical Disposables Market report provides a holistic evaluation of the market. The report offers a comprehensive analysis of key segments, trends, drivers, restraints, competitive landscape, and factors that are playing a substantial role in the market.

Global Medical Disposables Market Definition

Think of medical disposables as those single-use items you see in hospitals and clinics – stuff like gloves, syringes, needles, and even gowns and masks. They're designed for one use only, then they're tossed. These items are super important because they help stop infections from spreading and keep both patients and healthcare workers safe. You'll find them everywhere – from big hospitals to your doctor's office, and even sometimes at home. Plus, places like restaurants and factories use them too, where keeping things clean is a must. But here's the thingwe have to be careful about how we get rid of these medical disposables. It's really important to dispose of them properly to protect the environment and prevent infections. That's why healthcare workers get special training on how to handle and dispose of them correctly.

Global Medical Disposables Market Overview

Medical Disposables and other healthcare services are in more demand as the population ages. It is more common for older people to need medical treatment and procedures that involve the use of disposable medical supplies. Additionally, chronic illnesses like diabetes, cancer, and heart disease necessitate continuing medical care and attention, which frequently entails the use of disposable medical supplies. The need for Medical Disposables is increasing along with the incidence of chronic diseases.

But, disposable medical equipment can be pricey, particularly for people who need ongoing medical attention or therapy. This may reduce the demand for these goods, especially in low-income or developing areas where healthcare is scarce. However, the usage of disposable medical products is frequently necessary for the development of new medical technology and devices. For instance, the use of disposable tools and devices is necessary during minimally invasive surgical operations.

Global Medical Disposables Market Segmentation Analysis

The Global Medical Disposables Market is segmented on the basis of Product Type, Raw Material, End-Use, And Geography.

Medical Disposables Market, By Product Type

• Surgical instruments and supplies
• Diagnostics and laboratory disposables
• Infusion and hypodermic devices
• Nonwoven medical garments and textiles
• Drug delivery devices
• Wound management supplies
• Sterilization supplies
• Incontinence goods
• Medical and laboratory gloves
• Patient room supplies

Based on Product Type, The market is divided into Surgical Instruments and Supplies, Diagnostics and Laboratory Disposables, Infusion and Hypodermic Devices, Nonwoven Medical Garments and Textiles, Drug Delivery Devices, Wound Management Supplies, Sterilization Supplies, Incontinence Goods, Medical and Laboratory Gloves, and Patient Room Supplies.

The need for sterilization products including hand sanitizers, disinfectants, and personal protective equipment (PPE) has significantly increased as a result of the COVID-19 epidemic worldwide. This is because it’s important to stop the virus from spreading and because it’s very contagious. For healthcare facilities, governments, and people in general, the growing demand for sterilization supplies has led to shortages and price rises. To satisfy the increased demand, efforts have been made to increase these supplies’ production and distribution.

Medical Disposables Market, By Raw Material

• Plastic resin
• Non-woven material
• Paper and paperboard
• Metals
• Glass
• Rubber

When it comes to what things are made of, the market breaks down into categories like Plastic Resin, Non-Woven Material, Paper and Paperboard, Metals, Glass, and Rubber. We've seen a huge jump in demand for plastic resins – think polypropylene and polyethylene – because they're used so much in making disposable medical stuff like face masks, gowns, and gloves. Basically, everyone needs these things to help stop the spread of the virus. But this spike in demand has caused shortages and price hikes as the supply chain struggles to keep up. A lot of countries have even had to import plastic polymers just to get enough disposable medical supplies.

The need for plastic resins is not only being driven by the medical industry. Additionally, the epidemic has increased online purchasing, which has raised the demand for plastic packaging materials like bags and containers. As the world grows increasingly conscious of the significance of Medical Disposables in limiting the transmission of infectious diseases, it is anticipated that the strong demand for plastic resins will persist in the future.

Medical Disposables Market, By End-Use

• Hospitals
• Outpatient/Primary care facilities
• Home healthcare

Based on End-Use, the Global Medical Disposables Market is classified into Hospitals, Outpatient/Primary Care Facilities and Home Healthcare. In order to stop the spread of the virus, the COVID-19 pandemic has boosted the need for Medical Disposables such as gloves, face masks, gowns, and other PPE. Due to the increase in demand, there are now shortages and price increases for certain goods. In addition, more surgeries and medical procedures are being conducted, which has boosted the need for Medical Disposables such as syringes, needles, and surgical drapes.

The supply chain has been strained as a result of the surge in demand for Medical Disposables since manufacturers are finding it difficult to meet the rising demand. To satisfy the growing need, efforts have been made to increase the manufacturing and distribution of Medical Disposables.

Medical Disposables Market, By Geography

• North America
• Europe
• Asia Pacific
• Rest of the world

On the basis of Geography, The Global Medical Disposables Market is segmented into North America, Europe, Asia Pacific, Rest of the World. The biggest market share is held by North America. The number of people needing medical care, including surgeries and medical treatments, has increased as North America’s population ages. Syringes, needles, and surgical drapes have seen a rise in demand as a result of this. Additionally, there is a greater need for Medical Disposables like insulin syringes and catheters due to the rise in chronic conditions like diabetes and heart disease.

Key Players

The “Global Medical Disposables Market” study report will provide valuable insight with an emphasis on the global market. The major players in the market are Medline Industries, Inc., Smith & Nephew PLC, Bayer AG, BD, 3M, Cardinal Health, Gerresheimer, Terumo Medical Corporation, STERIS plc., and Kimberly-Clark Corporation.

Our market analysis also entails a section solely dedicated to such major players wherein our analysts provide an insight into the financial statements of all the major players, along with product benchmarking and SWOT analysis.

Key Developments

• August 2021, For its single-use, disposable bronchoscope that is intended to do away with the risk of infection associated with reusable devices, Boston Scientific received the U.S. FDA 510(k) clearance.
• May 2021, For its brand-new single-use bronchoscope, PulmoONE, PENTAX Medical Europe, a business that serves the endoscopy industry, received the CE mark. High-definition (HD) image quality and a strong suction force are two features of the single-use bronchoscope PulmoONE.
• May 2021, The innovative disposable digestive endoscopy equipment from EndoFresh was launched. It bears both the CE (Conformité Européenne) mark and FDA (Food and Drug Administration) approval. It is perfect for bedside therapy as well as gastrointestinal (GI) endoscopy in intensive care units (ICU), emergency rooms (ER), outpatient clinics, and GI suites.

Ace Matrix Analysis

The Ace Matrix provided in the report would help to understand how the major key players involved in this industry are performing as we provide a ranking for these companies based on various factors such as service features & innovations, scalability, innovation of services, industry coverage, industry reach, and growth roadmap. Based on these factors, we rank the companies into four categories as Active, Cutting Edge, Emerging, and Innovators.

Market Attractiveness

The image of market attractiveness provided would further help to get information about the region that is majorly leading in the global Medical Disposables Market. We cover the major impacting factors that are responsible for driving the industry growth in the given region.

Porter’s Five Forces

The image provided would further help to get information about Porter’s five forces framework providing a blueprint for understanding the behavior of competitors and a player’s strategic positioning in the respective industry. Porter’s five forces model can be used to assess the competitive landscape in the global Medical Disposables Market, gauge the attractiveness of a certain sector, and assess investment possibilities.

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