Industry Outlook
The global disposable medical supplies market held US$ 112.6 Bn in 2017 and expected to grow at compound annual growth rate (CAGR) of 6.2% during the forecast period from 2018 to 2026. The market is largely driven by growing hospitalization and volume of surgeries performed, growing chronic diseases and stringent infection prevention control strategies around the world. Hospitals, outpatient facilities and other healthcare centers are adopting for strict infection prevention safety measures to meet the standards recommended by the global healthcare organization and local health authorization. The important measures taken to control and prevent infection include identifying patients at risk of nosocomial infection, maintaining hand hygiene, practising standard precautionary measure to reduce the transmission and applying novel strategies to reduce ventilator-associated pneumonia (VAP), catheter-related bloodstream infection (CR-BSI), and catheter-associated urinary tract infection (CAUTI). According to World Health Organization (WHO) survey conducted on the prevalence of nosocomial infection in 14 countries of four WHO regions (Europe, South-East Asia, Eastern Mediterranean and Western Pacific) suggested that an average of 8.7% of hospital admitted patients had nosocomial infections. Around 1.4 million people globally suffer from infectious complications acquired in hospital. However, regular product recalls and mandatory regulatory requirements for product approvals will act as market barriers in the global disposable medical supplies market.
"Dialysis Disposable Supplies to Grow at the Fastest CAGR"
Drug delivery products held the largest share in the global disposable medical supplies market owing to growing number of chronic disease patients requiring drug delivery and continuous therapy. Moreover, launch of safety enhanced products, technologically advancement and user friendly products will drive the market for drug delivery products including prefilled syringes, inhalers, and intravenous catheters among others. Dialysis disposable supplies is projected to grow at fastest growth rate during the forecast period driven by rising prevalence of chronic kidney diseases and higher number of patients opting for dialysis. Moreover, growing geriatric population susceptible for renal diseases and product innovation will drive the market. Wound management devices and nonwoven medical garments and textiles will continue to reap high demand during the forecast period.
The key players currently engaged in disposable medical supplies market include Medtronic PLC, B. Braun Melsungen AG, Becton Dickinson & Co., Baxter International, Inc., Johnson & Johnson, Inc., Abbott Laboratories, 3M Company, BSN Medical GmbH, Coloplast A/S, Cardinal Health, Inc., and Mölnlycke Health Care AB among others.
Historical & Forecast Period
This study report represents analysis of each segment from 2022 to 2032 considering 2023 as the base year. Compounded Annual Growth Rate (CAGR) for each of the respective segments estimated for the forecast period of 2024 to 2032.
The current report comprises of quantitative market estimations for each micro market for every geographical region and qualitative market analysis such as micro and macro environment analysis, market trends, competitive intelligence, segment analysis, porters five force model, top winning strategies, top investment markets, emerging trends and technological analysis, case studies, strategic conclusions and recommendations and other key market insights.
Research Methodology
The complete research study was conducted in three phases, namely: secondary research, primary research, and expert panel review. key data point that enables the estimation of Disposable Medical Supplies market are as follows:
Market forecast was performed through proprietary software that analyzes various qualitative and quantitative factors. Growth rate and CAGR were estimated through intensive secondary and primary research. Data triangulation across various data points provides accuracy across various analyzed market segments in the report. Application of both top down and bottom-up approach for validation of market estimation assures logical, methodical and mathematical consistency of the quantitative data.
ATTRIBUTE | DETAILS |
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Research Period | 2022-2032 |
Base Year | 2023 |
Forecast Period | 2024-2032 |
Historical Year | 2022 |
Unit | USD Million |
Segmentation | |
Product
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Region Segment (2022-2032; US$ Million)
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Key questions answered in this report