by The global medical disposables market size was USD 356.1 billion in 2020 and is projected to reach USD 844 billion by 2027, exhibiting a CAGR of 13.4% during the forecast period 2021 – 2027
Rising incidence of Hospital Acquired Infections (HAIs), impact of COVID-19 outbreak, and increasing number of surgical procedures are the key factors driving the market for medical disposables.
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Increasing number of surgeries globally is a key factor expected to drive the market over the forecast period. For instance, as per Mölnlycke Health Care AB, 70.01 million surgical procedures are performed every year in Europe. As such, medical disposable products such as hospital gowns, disposables eye gear, hand sanitizers, respiratory supplies, and sterilization supplies, which are being an essential requirement for surgical procedures, are expected to witness high demand over the forecast period. For instance, as per the report published by the Organization for Economic Co-operation and Development (OECD), around 390,352 surgeries were performed in Canada in 2017. Disposable products prevent the transmission of nosocomial infections to some extent owing to which surgeons consistently prefer to use disposable products over the reusable ones. Such factors are expected to boost market growth.
Increasing incidence of HAIs due to lack of sanitation and precaution is also one of the leading factors contributing to the market growth. For instance, as per the CDC, about one in 25 hospital patients contracts at least one HAI every year. Non-woven disposables such as hospital gowns provide general protection against contamination and can help to lower the risk of contracting HAIs. Furthermore, they can prevent bacterial and other microbial infections from entering a patient’s body. Thus, surgeons recommend patients to wear disposable gowns before medical procedures. These factors are anticipated to propel the market growth over the forecast period.
Report Scope of the Medical Disposables Market
| Report Coverage | Details |
| Market Size in 2020 | USD 356.1 Billion |
| Growth Rate From 2021 to 2027 | CAGR of 16.2% |
| Largest Market | North America |
| Fastest Growing Market | Asia Pacific |
| Base Year | 2021 |
| Forecast Period | 2021 to 2027 |
| Segments Covered | Product, End User, Raw Material, Region |
| Companies Mentioned | Bayer AG, BD, Smith & Nephew PLC, Cardinal Health, Medline Industries, Inc. and 3M |
Report Highlights
- Presently, around two-thirds of the gene therapy research is dedicated to oncology. These different facts have backed the governance of cancer segment over other disease segments
- Extensive progress made in gene and cell therapy research since the early 1970s and 1980s has accelerated the adoption rate of plasmids and viral vectors for their use in these modern therapies
- Pharmaceutical and biopharmaceutical companies are expected to collect major share of the global vector market. This is because of the effective launch of viral vector gene therapies and a vigorous pipeline of such therapies that helps growth of pharmaceutical and biopharmaceutical companies during near future.
- Presently, U.S. and Europe have seemed as vector manufacturing centers despite of the fact that the first 3 gene therapy candidates were granted in Asian countries
Regional Insights
North America dominated the market and held the largest revenue share of 46.0% in 2019, owing to the increasing number of surgeries and the presence of key market players in this region. Moreover, an increase in the number of COVID-19 patients in this region has spurred the demand for medical disposables. As per a report published by the WHO on 20th April 2020, more than 3,39,09 existing cases were reported and more than 1,509 new confirmed cases were detected in Canada. Moreover, the number of cases is expected to increase exponentially over the next month or two. Such factors are anticipated to increase the demand for medical disposables in the region.
In the Asia Pacific, the market is expected to witness the fastest growth over the forecast period, owing to its increasing geriatric population and prevalence of cardiovascular diseases. Moreover, Asia Pacific has been one of the worst-hit regions by COVID-19. China and South Korea have reported a very high number of COVID-19 cases. In addition, the densely populated pockets in this region are making it easier for community transmission of the virus. Such a high number of potential patients in this region is anticipated to drive market growth over the forecast period.
Some of the prominent players in the medical disposables market include:
- Bayer AG
- BD
- Smith & Nephew PLC
- Cardinal Health
- Medline Industries, Inc.
- 3M
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Segments Covered in the Report
This research report estimates revenue growth at global, regional, and country levels and offers an analysis of present industry trends in every sub-segment from 2016 to 2027. This research study analyzes market thoroughly by classifying global medical disposable market report on the basis of different parameters including product, raw material, end use, and region as follows:
By Product
- Wound Management Products
- Drug Delivery Products
- Diagnostic and Laboratory Disposables
- Dialysis Disposables
- Incontinence Products
- Respiratory Supplies
- Sterilization Supplies
- Non-woven Disposables
- Disposable Masks
- Disposable Eye Gear
- Disposable Gloves
- Hand Sanitizers
- Gel Sanitizers
- Foam Sanitizers
- Liquid Sanitizers
- Other Sanitizers
- Others
By Raw Material
- Plastic Resins
- Nonwoven Material
- Rubber
- Paper and Paperboard
- Metals
- Glass
- Others
By End-use
- Hospitals
- Home Healthcare
- Outpatient/Primary Care Facilities
- Others
Regional Segmentation
- Asia-Pacific [China, Southeast Asia, India, Japan, Korea, Western Asia]
- Europe [Germany, UK, France, Italy, Russia, Spain, Netherlands, Turkey, Switzerland]
- North America [United States, Canada, Mexico]
- South America [Brazil, Argentina, Columbia, Chile, Peru]
- Middle East & Africa [GCC, North Africa, South Africa]
Why should you invest in this report?
If you are aiming to enter the global Medical Disposables market, this report is a comprehensive guide that provides crystal clear insights into this niche market. All the major application areas for the Medical Disposables market are covered in this report and information is given on the important regions of the world where this market is likely to boom during the forecast period of 2021-2027 so that you can plan your strategies to enter this market accordingly.
Besides, through this report, you can have a complete grasp of the level of competition you will be facing in this hugely competitive market and if you are an established player in this market already, this report will help you gauge the strategies that your competitors have adopted to stay as market leaders in this market. For new entrants to this market, the voluminous data provided in this report is invaluable.
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