Global Medical Disposables Market is Expected to Foresee Significant Growth During the Forecast Period. North America to Witness the Highest Growth

The global medical disposables market is expected to grow significantly by 2027 expanding at a significant CAGR of around 7% during the forecast period (2021-2027F). Medical disposables are devices that are meant to be used temporarily or only once such as surgical wear, hygiene, anesthesia, surgical masks, and pediatric among others. These products are used in hospitals or in various medical fields for the prevention of infections and for safety measures to meet the medical standards and have wide applications in the healthcare industry.

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The growth of the medical disposables market across the globe is witnessing growth on account of rising demand for the preventive measures for hospital-acquired infections and diseases driving the medical disposables market. Furthermore, an increase in the geriatric population acts as a key growth driver of the medical disposables market owing to the higher chances of getting infections and disease due to low immunity. Hospitalized elderly patients are 2 – 5 times more likely to develop a healthcare-associated infection than younger patients. Moreover, as per CDC, the United States accounts for approximately 1.7 million HAI and 99,000 deaths annually. Thus, an increase in the number of the aging population is expected to boost the demand for various medical disposables in the near future.Additionally, the growing focus of major industry players to develop new and innovative medical disposables has also positively influenced the adoption of these devices across the globe.

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Based on product type, the market is segmented into wound management supplies, drug delivery disposables, non-woven medical disposables, and other disposables. The non-woven medical disposables grabbed a significant share of the global medical disposables market and will witness a considerable CAGR during the forecast period (2021-2027F). The growth of this segment can be attributed to growing geriatric population suffering from dementia and other chronic diseases.

Based on the end-users, the global medical disposables market is segmented into hospitals & clinics, ambulatory surgical centers, home care settings, and others. The hospitals & clinics segment occupied a substantial share and is expected to grow at a significant CAGR during the forecast period 2021-2027 owing to the increasing preference of consumers to get treatment in hospitals mainly due to the well-established healthcare infrastructure, growing number of patients for treatment and surgeries and the increasing usage of medical disposables and the presence of highly skilled healthcare professionals.

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Additionally, the report provides a detailed report also provides insights into the global medical disposables market according to the regions such as North America (United States, Canada, and the Rest of North America), Europe (Germany, France, Italy, Spain, United Kingdom, and Rest of Europe), Asia-Pacific (China, India, Australia, Japan, and Rest of APAC), Rest of World has been conducted. In 2020, North America dominated the market. This is mainly due to the presence of well-established market players and their growing focus on developing medical equipment and products are Medline Industries Inc., Smith & Nephew PLC, Bayer AG, BD, 3M, Cardinal Health, Abbott Laboratories, Johnson & Johnson, Medtronic Incorporated, Boston Scientific Corporation are some of the key players operating in the global medical disposables market. Several M&As along with partnerships have been undertaken by these players to develop various types of medical disposables.

Global Medical Disposables Market Segmentation

Market Insight, by Product

• Wound Management Supplies
• Drug Delivery Disposables
• Non-Woven Medical disposables
• Other Disposables

Market Insight, by Raw materials

• Plastic Resins
• Nonwoven Material
• Rubber
• Paper and Paperboard
• Metals
• Glass
• Others

Market Insight, by End-Users

• Hospitals & Clinics
• Ambulatory Surgical Centers
• Home Care Settings
• Others

Market Insight, by Region

• North America
  • United States
  • Canada
  • Rest of North America
• Europe
  • France
  • Germany
  • Italy
  • Spain
  • United Kingdom
  • Rest of Europe
• Asia-Pacific
  • China
  • India
  • Australia
  • Japan
  • Rest of Asia-Pacific
• Rest of World

Top Company Profiles

• Medline Industries Inc.
• Smith & Nephew PLC
• Bayer AG
• BD
• 3M
• Cardinal Health
• Abbott Laboratories
• Johnson & Johnson
• Medtronic Incorporated
• Boston Scientific Corporation.