Market Overview
The Global
Medical Disposables Market is expected to reach a value of
USD 486.3 billion in 2023, and it is further anticipated to reach a market value of
USD 1,635.0 billion by 2032 at a
CAGR of 14.4%.
Medical disposables include crucial materials & devices essential in different medical domains, including pediatric, hygiene, anesthesia, and surgical applications. Their growing popularity is due to the rising global count of hospitals, signifying an increased need for these indispensable tools & materials across diverse medical fields.
Key Takeaways
- By Product, Non-woven Disposables leads in 2023 & is anticipated to dominate throughout the forecasted period.
- In addition, Hand Sanitizers are expected to have significant growth over the forecasted period.
- By End User, Hospitals takes the lead & drives the market in 2023.
- North America has a 34.4% share of revenue in the Global Medical Disposables Market in 2023
Market Dynamic
The growth in chronic diseases like cardiovascular ailments, along with effective products from R&D-focused companies in the medical disposables sector, is driving the market growth. Conditions like heart failure, hypertension, heart attacks, strokes, & diabetic kidney disease contribute to a growth in the risk of heart-related issues, driving up the use of medical disposables.
Further, extended diabetes leads to diabetic foot ulcers and longer hospital stays, positively impacting market growth. Also, the increasing global geriatric population, susceptible to different diseases, mainly cardiovascular & infectious ailments, is expected to boost the need for medical disposables.
The anticipated doubling of individuals aged 65 & above in the coming years further supports this trend.However, strict approval norms create challenges to market growth. In addition, a reduction in hospital-acquired infections may restrain market expansion during the forecast period.
Research Scope and Analysis
By Product
The medical disposable market is categorized into various product segments, including drug delivery products, wound management products, dialysis disposables, diagnostic & laboratory disposables, hand sanitizers, respiratory supplies, incontinence products, non-woven disposables, sterilization supplies, and others.
The largest market share in 2023 is held by disposable nonwovens, a vital component in infection prevention during surgical procedures, providing a protective barrier against particles, microorganisms, & fluids. The broader use of disposable gloves & masks in surgeries highly reduces postoperative infection rates & contributes to the growing need for biodegradable nonwoven products, further enhancing infection control measures.
Moreover, anticipated as the fastest-growing segment, hand sanitizers play an important role in protecting against harmful pathogens. Also, available in various forms like gel, foam, liquid, & others, hand sanitizers, both alcohol-free and alcohol-based, contribute to the overall risk reduction of infections, highlighting the importance of this segment in the medical disposable market during the forecast period.
By Raw Material
The plastic resin segment leads in the global medical disposable market in 2023, boasting a substantial revenue share, which is attributed to the affordable of plastic resin production in comparison, to alternatives like glass or metal, which makes plastic resins an appealing choice for medical disposable manufacturers, allowing them to maintain competitive pricing. In addition, the lightweight nature of plastic disposable products improves the ease of handling for healthcare professionals, further contributing to their popularity.
Moreover, the nonwoven material segment is expected to show fast growth during the forecast period, due to its effectiveness in creating a barrier against microorganism transmission, nonwoven materials play an important role in preventing infection in healthcare settings. Further, products like surgical gowns, masks, drapes, & sterilization wraps made from nonwoven materials are created to minimize the risk of cross-contamination, making them as an integral part of healthcare practices.
By End User
In the end users like hospitals, home healthcare, outpatient/primary care facilities, and others, hospitals segment leads the end-user segment in 2023, by being a major place for medical diagnosis, treatment, & surgery, hospitals need a large volume of medical disposables to assist maximum infection control & patient safety, which within hospitals demands specific disposable items like sterile gloves, masks, drapes, syringes, & catheters.
These single-use products play an essential role in maintaining a safe & hygienic environment, highlighting the urgency of infection prevention, mainly in high-risk settings. Furthermore, the different types of patients in hospitals, with different medical needs, highlights the need for a vast range of medical disposables, contributing to the significant consumption of these products in catering to different conditions and medical interventions.
The Medical Disposables Market Report is segmented on the basis of the following:
By Product
- Wound Management Products
- Hand Sanitizers
- Non-woven Disposables
- Drug Delivery Products
- Diagnostics & Laboratory Disposables
- Dialysis Disposables
- Incontinence Products
- Respiratory Supplies
- Sterilization Supplies
- Others
By Raw Material
- Plastic Resins
- Nonwoven Material
- Rubber
- Paper and Paperboard
- Metals
- Glass
- Others
By End User
- Hospitals
- Home Healthcare
- Outpatient/Primary Care Facilities
- Others
Regional Analysis
North America dominated the market with a 34.4% share in 2023, which can be due to the region's highly developed healthcare infrastructure, like well-equipped hospitals, clinics, & medical facilities capable of providing a variety of medical services. Also, the region, consists of both domestic & international players driving innovation in materials & manufacturing processes, resulting in the creation of advanced medical disposables providing high performance & efficiency.
Further, the Middle East & Africa region is expected to show steady growth in the coming years, due to increased healthcare requirements. Also, growing awareness, particularly during and after global health crises like the COVID-19 pandemic, has raised the need for disposable personal protective equipment (PPE) & other medical disposables. Also, developments in materials &manufacturing technologies in the MEA have allowed the development of more advanced & efficient disposable medical products, contributing significantly to the overall growth of the market.
By Region
North America
Europe
- Germany
- U.K.
- France
- Italy
- Russia
- Spain
- Benelux
- Nordic
- Rest of Europe
Asia-Pacific
- China
- Japan
- South Korea
- India
- ANZ
- ASEAN
- Rest of Asia-Pacific
Latin America
- Brazil
- Mexico
- Argentina
- Colombia
- Rest of Latin America
Middle East & Africa
- Saudi Arabia
- UAE
- South Africa
- Israel
- Egypt
- Rest of MEA
Competitive Landscape
The global medical disposables market features a competitive landscape highlighted by a variety of players looking for market share. Further, intense competition drives innovation in materials & manufacturing processes, leading to advanced, high-performance products. Further companies compete to meet the increasing need for infection prevention tools, with an aim to affordable & efficiency to cater to the diverse needs of healthcare providers & end-users worldwide.
In April 2023, AMMEX Corp. introduced a fresh range of disposable gloves designed for a variety of applications, particularly in medical environments, which aim to provide effective protection for users in different situations. Further, the company's latest offering highlights its commitment to delivering quality products personalized to meet the needs of users across different settings, with a main focus on healthcare.
Some of the prominent players in the global Medical Disposables Market are:
- BD
- 3M
- Smith & Nephew
- Cardinal Health
- Medline Industries
- Bayer AG
- Medtronic
- Pfizer
- Johnson & Johnson
- MED-CON Inc
- Other Key Players
COVID-19 Pandemic & Recession: Impact on the Global Medical Disposables Market:
The COVID-19 pandemic & the following economic downturn have highly impacted the global medical disposables market. The growth in focus on infection prevention measures during the pandemic has led to a growth in demand for disposable medical products like masks, gloves, & gowns. However, disruptions in the supply chain, lockdowns, & financial constraints have created challenges for market growth. While the pandemic-driven need has boosted certain segments, the overall market has experienced fluctuations.
As, the economic recession has also influenced healthcare spending patterns, impacting the purchasing behavior of both individuals & healthcare institutions. Even after challenges, innovations in materials & manufacturing processes, coupled with an ongoing showcasing of healthcare safety, constantly shape the evolution of the medical disposables market in this dynamic landscape.
Recent Developments
- In December 2022, Johnson & Johnson, the world's leading & most diverse healthcare product manufacturer, announced the completion of its acquisition of Abiomed, Inc, which will operate independently as a distinct entity under the MedTech division of Johnson & Johnson, officially becoming an integral part of the company's vast healthcare portfolio.
- In March 2022, FMCNA's Renal Therapies Group introduced the CombiSet SMARTECHTM, a revolutionary single-use bloodline having an integrated Crit-Line blood chamber (CLiC), which streamlines hemodialysis by reducing manual connections, highly improving renal care, mainly effective when paired with 2008 series hemodialysis machines, which marks a notable development in simplifying & optimizing the dialysis process for enhanced patient care.
- In May 2023, Indegene extended its collaboration with ConTIPI Medical, known for its non-invasive solutions for women with pelvic floor disorders, which is geared towards launching an innovative device catering to diverse pelvic health needs. By joining forces, Indegene & ConTIPI focus on bringing a new & effective solution to the market, addressing the unique challenges faced by women in this domain.
Report Details
| Report Characteristics |
| Market Size (2023) |
USD 486.3 Bn |
| Forecast Value (2032) |
USD 1,635.0 Bn |
| CAGR (2023-2032) |
14.4% |
| Historical Data |
2017 - 2022 |
| Forecast Data |
2023 - 2032 |
| Base Year |
2022 |
| Estimate Year |
2023 |
| Report Coverage |
Market Revenue Estimation, Market Dynamics, Competitive Landscape, Growth Factors and etc. |
| Segments Covered |
By Product (Wound Management Products, Hand
Sanitizers, Non-woven Disposables, Drug Delivery
Products, Diagnostics & Laboratory Disposables,
Dialysis Disposables, Incontinence Products,
Respiratory Supplies, Sterilization Supplies, and
Others), By Raw Material (Plastic Resins, Nonwoven
Material, Rubber, Paper & Paperboard, Metals, Glass,
and Others), By End User (Hospitals, Home
Healthcare, Outpatient/Primary Care Facilities, and
Others) |
| Regional Coverage |
North America – The US and Canada; Europe – Germany, The UK, France, Russia, Spain, Italy, Benelux, Nordic, & Rest of Europe; Asia- Pacific– China, Japan, South Korea, India, ANZ, ASEAN, Rest of APAC; Latin America – Brazil, Mexico, Argentina, Colombia, Rest of Latin America; Middle East & Africa – Saudi Arabia, UAE, South Africa, Turkey, Egypt, Israel, & Rest of MEA
|
| Prominent Players |
BD, 3M, Smith & Nephew, Cardinal Health, Medline
Industries, Bayer AG, Medtronic, Pfizer, Johnson &
Johnson, MED-CON Inc, and Other Key Players |
| Purchase Options |
We have three licenses to opt for: Single User License (Limited to 1 user), Multi-User License (Up to 5 Users), and Corporate Use License (Unlimited User) along with free report customization equivalent to 0 analyst working days, 3 analysts working days and 5 analysts working days respectively. |
Frequently Asked Questions
The Global Medical Disposables Market size is estimated to have a value of USD 486.3 billion in 2023
and is expected to reach USD 1,635.0 billion by the end of 2032.
North America has the largest market share for the Global Medical Disposables Market with a share of
about 34.4% in 2023.
Some of the major key players in the Global Medical Disposables Market are BD, 3M, Smith & Nephew,
and many others.
The market is growing at a CAGR of 14.4 percent over the forecasted period.