Disposable Medical Supplies Market size is set to grow by USD 604.17 billion from 2024-2028, Growing need for disposable medical suppliers boost the market, Technavio
NEW YORK, May 30, 2024 /PRNewswire/ -- The global disposable medical supplies market size is estimated to grow by USD 604.17 billion from 2024-2028, according to Technavio. The market is estimated to grow at a CAGR of 17.3% during the forecast period.
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Segment Overview
1. Type
-- 1.1 Gloves
-- 1.2 Drapes and gowns
-- 1.3 Masks
-- 1.4 Others
2. End-user
-- 2.1 Hospitals and clinics
-- 2.2 Ambulatory surgery center
-- 2.3 Others
3. Geography
-- 3.1 North America
-- 3.2 Europe
-- 3.3 Asia
-- 3.4 Rest of World (ROW)
1.1 Gloves- The disposable medical supplies market, particularly the gloves segment, is experiencing significant growth due to heightened hygiene and safety concerns in healthcare. HAIs, which can occur in various care settings, pose a significant risk to patients and healthcare professionals. To prevent HAIs, infection-control programs and PPE usage, including gloves, are crucial. The affordability and ease of use of disposable medical gloves make them a popular choice for medical examinations and surgical procedures, further fueling market growth.
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Disposable Medical Supplies Market Scope
Report Coverage
Details
Base year 2023
Historic period
2018 - 2022
Forecast period
2024-2028
Growth momentum & CAGR Accelerate at a CAGR of 17.3%
Market growth 2024-2028
USD 604.17 billion
Market structure
Fragmented
YoY growth 2022-2023 (%) 16.87
Regional analysis
North America, Europe, Asia, and Rest of World (ROW)
Performing market contribution North America at 39%
Key countries
US, Canada, Germany, France, and China
Key companies profiled 3M Co., Ambu AS, Ansell Ltd., B.Braun SE, Becton Dickinson and Co., Cardinal Health Inc., Fresenius SE and Co.
KGaA, GPC Medical Ltd., ICU Medical Inc., Johnson and Johnson, Medline Industries LP, Medtronic Plc, Molnlycke
Health Care AB, Smith and Nephew plc, Stryker Corp., Teleflex Inc., Terumo Corp., Zhejiang Gongdong Medical Device
Co. Ltd., Nipro Corp., and Semperit AG Holding
Market Driver
The disposable medical supplies market is witnessing significant advancements, with vendors investing in technology to enhance product quality and expand offerings. Braun SE's Stimuplex Ultra 360 needle offers improved ultrasound visibility, while Cardinal Health Inc.'s SmartGown ensures comfort and adheres to safety standards. Ansell Ltd.'s focus on advanced surgical gloves using SENSOPRENE Technology underscores the industry's commitment to delivering high-performance, durable, and comfortable solutions. These innovations are driving demand in the disposable medical supplies market.
The Disposable Medical Supplies market is experiencing significant growth due to the increasing need for hygienic and single-use medical equipment. Markets for home health care and hospitals are driving demand for these supplies. Latex gloves, catheters, and syringes are common disposable medical supplies in use. Technologies like prefilled syringes and autoinjectors are trending, offering convenience and safety.
Markets in Asia-Pacific and Europe are major contributors to the global disposable medical supplies market. Catheter technologies, such as surgical and urinary catheters, are also seeing advancements, with newer materials and designs improving patient care. Clinical trials and regulatory approvals are essential for new disposable medical supplies entering the market.
Market Challenges
-- The disposable medical supplies market has witnessed substantial growth
due to the need to reduce infection transmission. However, the disposal
of these supplies poses environmental concerns. Non-biodegradable
materials like nitrile, vinyl, and neoprene used in gloves and syringes
pollute landfills or incinerators. Improper disposal also presents risks
such as sharp injuries, toxic substance pollution, and radiation. These
factors may restrain market growth during the forecast period.
-- The Disposable Medical Supplies market faces several challenges. Home
healthcare and hospitals require a consistent supply of disposable items
such as syringes, catheters, and gloves. However, ensuring timely
delivery and maintaining quality are significant hurdles. The need for
advanced technology and regulatory compliance adds to the complexity.
-- Additionally, the cost of production and distribution, as well as the
increasing demand for eco-friendly alternatives, pose challenges.
Markets like Asia-Pacific and Europe present opportunities due to their
large populations and growing healthcare sectors. Proactively addressing
these challenges through innovation and strategic partnerships can help
businesses thrive in this market.
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Research Analysis
The Disposable Medical Supplies Market encompasses a wide range of products used in acute-care hospitals and home healthcare settings. These supplies include syringes, gloves, and catheters, which are essential for infection prevention in the geriatric patient population. Sanitation practices are crucial in maintaining the effectiveness of these supplies, as they help reduce healthcare expenditure by minimizing the need for repeated use.
Preventive measures, such as the use of nonwoven materials and HPX Resin, contribute to the durability and sterility of disposable medical supplies. Polymers like Lexan from GE Plastics are also utilized in the production of these supplies due to their strength and resistance to chemicals. Diagnostic tests further underscore the importance of disposable medical supplies in ensuring accurate and safe healthcare delivery.
Market Research Overview
The Disposable Medical Supplies Market encompasses a wide range of products used once and then discarded to prevent contamination and ensure patient safety. These supplies include syringes, catheters, bandages, gloves, and many more. The global market for disposable medical supplies is expected to grow significantly due to the increasing aging population, rising healthcare expenditures, and the ongoing COVID-19 pandemic. The market is segmented based on product type, application, and end-user.
The demand for disposable medical supplies is high in hospitals and clinics, as they ensure infection control and maintain a sterile environment. Additionally, the market is driven by the increasing preference for single-use medical devices due to their convenience and ease of use. Overall, the disposable medical supplies market is a critical segment in the healthcare industry, providing essential products that contribute to improved patient outcomes and enhanced safety.
Table of Contents:
1 Executive Summary
2 Market Landscape
3 Market Sizing
4 Historic Market Size
5 Five Forces Analysis
6 Market Segmentation
-- Type
-- Gloves
-- Drapes And Gowns
-- Masks
-- Others
-- End-user
-- Hospitals And Clinics
-- Ambulatory Surgery Center
-- Others
-- Geography
-- North America
-- Europe
-- Asia
-- Rest Of World (ROW)
7 Customer Landscape
8 Geographic Landscape
9 Drivers, Challenges, and Trends
10 Company Landscape
11 Company Analysis
12 Appendix
About Technavio
Technavio is a leading global technology research and advisory company. Their research and analysis focuses on emerging market trends and provides actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions.
With over 500 specialized analysts, Technavio's report library consists of more than 17,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio's comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.
Contacts
Technavio Research
Jesse Maida
Media & Marketing Executive
US: +1 844 364 1100
UK: +44 203 893 3200
Email: media@technavio.com
Website: www.technavio.com/
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SOURCE Technavio
