disposable-medical-supplies-market

Disposable Medical Supplies Market By Product (Surgical Instruments & Supplies, Infusion & Hypodermic Devices, Drug Delivery Devices, Diagnostic & Laboratory Disposables, Nonwoven Medical Garments & Textiles, Wound Management Supplies, Sterilization Supplies, Respiratory Supplies & Devices, Incontinence Goods, Dialysis Disposables, Medical & Laboratory Gloves, Patient Room Supplies) - Growth, Future Prospects, And Competitive Analysis, 2018 - 2026

09 Feb 2019 Format PDF icon PPT icon XLS icon Request Sample

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:

  • Research and development budgets of manufacturers and government spending
  • Revenues of key companies in the market segment
  • Number of end users and consumption volume, price and value.
  • Geographical revenues generate by countries considered in the report
  • Micro and macro environment factors that are currently influencing the Disposable Medical Supplies market and their expected impact during the forecast period.

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
Research Period  2022-2032
Base Year 2023
Forecast Period  2024-2032
Historical Year  2022
Unit  USD Million
Segmentation
Product
  • Surgical Instruments & Supplies
  • Infusion & Hypodermic Devices
  • Drug Delivery Devices
  • Diagnostic & Laboratory Disposables
  • Nonwoven Medical Garments & Textiles
  • Wound Management Supplies
  • Sterilization Supplies
  • Respiratory Supplies & Devices
  • Incontinence Goods
  • Dialysis Disposables
  • Medical & Laboratory Gloves
  • Patient Room Supplies

 Region Segment (2022-2032; US$ Million)

  • North America
    • U.S.
    • Canada
    • Rest of North America
  • UK and European Union
    • UK
    • Germany
    • Spain
    • Italy
    • France
    • Rest of Europe
  • Asia Pacific
    • China
    • Japan
    • India
    • Australia
    • South Korea
    • Rest of Asia Pacific
  • Latin America
    • Brazil
    • Mexico
    • Rest of Latin America
  • Middle East and Africa
    • GCC
    • Africa
    • Rest of Middle East and Africa

Key questions answered in this report

  • What are the key micro and macro environmental factors that are impacting the growth of Disposable Medical Supplies market?
  • What are the key investment pockets with respect to product segments and geographies currently and during the forecast period?
  • Estimated forecast and market projections up to 2032.
  • Which segment accounts for the fastest CAGR during the forecast period?
  • Which market segment holds a larger market share and why?
  • Are low and middle-income economies investing in the Disposable Medical Supplies market?
  • Which is the largest regional market for Disposable Medical Supplies market?
  • What are the market trends and dynamics in emerging markets such as Asia Pacific, Latin America, and Middle East & Africa?
  • Which are the key trends driving Disposable Medical Supplies market growth?
  • Who are the key competitors and what are their key strategies to enhance their market presence in the Disposable Medical Supplies market worldwide?
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