The global medical disposables market, valued at USD 153.5 billion in 2022, is projected to grow at a compound annual growth rate (CAGR) of 7.1%, reaching USD 326.4 billion by 2033. This growth underscores the increasing demand for disposable medical products in healthcare settings, driven by the emphasis on hygiene, infection control, and patient safety.
Among product types, Bandages & Wound Dressings are expected to dominate the market, growing at a CAGR of 6.8% from 2023 to 2033. These products are essential in wound care management, post-operative care, and emergency treatments, contributing significantly to overall market revenue.
The market expansion is fueled by rising healthcare expenditures, advancements in disposable product technologies, and the growing prevalence of chronic diseases requiring frequent medical attention. Additionally, the heightened focus on infection prevention in medical facilities further accelerates demand for single-use products.
A Full Report Analysis – https://www.futuremarketinsights.com/reports/medication-dispenser-market
Key Takeaways:
- The medical disposables market is expected to grow at a 7.1% CAGR, reaching USD 326.4 billion by 2033.
- Bandages & Wound Dressings will be the top revenue-generating segment, expanding at a 6.8% CAGR.
- Rising healthcare expenditures and a focus on infection prevention drive demand for disposable medical products.
- Advancements in product technologies and increasing chronic disease cases support market growth.
Market Drivers
- Increasing Incidence of Chronic Diseases: The rise in chronic health conditions necessitates more frequent medical interventions, driving demand for disposable medical products.
- Growing Number of Surgical Procedures: An increase in surgeries globally contributes to the higher consumption of medical disposables.
- Rising Awareness of Infection Control: The heightened focus on hygiene and infection prevention, especially following the COVID-19 pandemic, has accelerated the adoption of disposable products in healthcare settings.
- Technological Advancements: Innovations in product design and materials are enhancing the effectiveness and safety of medical disposables.
Regional Insights
- North America is expected to dominate the market due to its advanced healthcare infrastructure and significant expenditure on medical supplies.
- The Asia-Pacific region is anticipated to exhibit rapid growth, driven by increasing healthcare investments and a rising population requiring medical care.
Competitive Analysis
The key companies in the market are engaged in mergers, acquisitions and partnerships.
The key players in the market include 3M, Johnson & Johnson Services, Inc., Abbott, Becton, Dickinson & Company, Medtronic, B. Braun Melsungen AG, Bayer AG, Smith and Nephew, Medline Industries, Inc., and Cardinal Health.
Some of the recent developments of key Medical Disposables providers are as follows:
- In April 2019, Smith & Nephew PLC purchased Osiris Therapeutics, Inc. with the goal of expanding its advanced wound management product range.
- In May 2019, 3M announced the acquisition of Acelity Inc., with the goal of strengthening wound treatment products.
Similarly, recent developments related to companies offering Medical Disposables have been tracked by the team at Future Market Insights, which are available in the full report.
Market Segments Covered in Medical Disposables Industry Analysis
By Product Type:
- Surgical Instruments & Supplies
- Would Closures
- Procedural Kits & Trays
- Surgical Catheters
- Surgical Instruments
- Plastic Surgical Drapes
- Infusion and Hypodermic Devices
- Infusion Devices
- Hupodermic Devices
- Diagnostic & Laboratory Disposables
- Home Testing Supplies
- Blood Collection Sets
- Disposable Labware
- Others
- Bandages and Wound Dressings
- Gowns
- Drapes
- Face Masks
- Others
- Sterilization Supplies
- Sterile Containers
- Sterilization Wraps
- Sterilization Indicators
- Respiratory Devices
- Prefilled Inhalers
- Oxygen Delivery Systems
- Anesthesia Disposables
- Others
- Dialysis Disposables
- Hemodialysis Products
- Peritoneal Dialysis Products
- Medical & Laboratory Gloves
- Examination Gloves
- Surgical Gloves
- Laboratory Gloves
- Others
By Raw Material:
- Plastic Resin
- Nonwoven Material
- Rubber
- Metals
- Glass
- Other Raw Materials
By End-use:
- Hospitals
- Home Healthcare
- Outpatient/Primary Care Facilities
- Other End-uses
By Region:
- North America
- Latin America
- Europe
- APAC
- MEA
Explore FMI’s Related Ongoing Coverage on Healthcare Market Insights Domain:
Chronic Obstructive Pulmonary Disease (COPD) Market
IgA Nephropathy Market
Buttock Augmentation Market
Author By:
Sabyasachi Ghosh (Associate Vice President at Future Market Insights, Inc.) holds over 12 years of experience in the Healthcare, Medical Devices, and Pharmaceutical industries. His curious and analytical nature helped him shape his career as a researcher.
Identifying key challenges faced by clients and devising robust, hypothesis-based solutions to empower them with strategic decision-making capabilities come naturally to him. His primary expertise lies in areas such as Market Entry and Expansion Strategy, Feasibility Studies, Competitive Intelligence, and Strategic Transformation.
Holding a degree in Microbiology, Sabyasachi has authored numerous publications and has been cited in journals, including The Journal of mHealth, ITN Online, and Spinal Surgery News.
About Future Market Insights (FMI)
Future Market Insights, Inc. (ESOMAR certified, recipient of the Stevie Award, and a member of the Greater New York Chamber of Commerce) offers profound insights into the driving factors that are boosting demand in the market. FMI stands as the leading global provider of market intelligence, advisory services, consulting, and events for the Packaging, Food and Beverage, Consumer Technology, Healthcare, Industrial, and Chemicals markets. With a vast team of over 400 analysts worldwide, FMI provides global, regional, and local expertise on diverse domains and industry trends across more than 110 countries.
Contact Us:
Future Market Insights Inc.
Christiana Corporate, 200 Continental Drive,
Suite 401, Newark, Delaware – 19713, USA
T: +1-347-918-3531
For Sales Enquiries: sales@futuremarketinsights.com
Website: https://www.futuremarketinsights.com
LinkedIn| Twitter| Blogs | YouTube