According to a recently published Future Market Insights study, the Medical Disposables Market Demand is expected to rise at a CAGR of 7.1% from 2023 to 2033, with revenues projected at US$ 153.5 billion in 2022. The market is predicted to reach US$ 326.4 billion by the end of 2033. Bandages & Wound Dressings had the highest revenue share in 2022 and are predicted to grow at a 6.8% CAGR from 2023 to 2033.
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The primary factors driving the market have been the rising frequency of Hospital Acquired Infections, an increase in the number of surgical procedures, and the growing prevalence of chronic conditions leading to longer hospital stays.
The following increase in the number of chronic sickness cases and hospitalisations has spurred the growth of the sector of emergency medical disposables. The growing prevalence of hospital-acquired illnesses and disorders, as well as a greater emphasis on infection prevention, are driving the growth of the medical disposables market. In high-income countries, for example, the prevalence of healthcare-associated infection ranges from 3.5% to 12%, but it ranges from 5.7% to 19.1% in low and middle-income countries.
The medical disposables market is being driven by a growing elderly population, a growth in the frequency of incontinence concerns, required requirements that must be followed for patient safety at healthcare institutions, and an increase in demand for sophisticated healthcare facilities.
North America’s market is estimated to be worth US$ 131 billion by 2033, up from US$ 61.7 billion in 2022. The Food and Drug Administration (FDA) provided recommendations on healthcare single-use items recycled by third parties or institutions in August 2000. The FDA noted in its advisory that hospitals or third-party reprocessors would be deemed manufacturers and regulated in the same way. A newly used single-use gadget must still meet the device activation parameters specified by its maker when it was first created. Such laws have had a favourable impact on the medical disposables market in the United States in particular, as well as the North American market in general.
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Competitive Landscape
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.
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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
About Future Market Insights, Inc.
Future Market Insights, Inc. (ESOMAR certified, Stevie Award – recipient market research organization and a member of Greater New York Chamber of Commerce) provides in-depth insights into governing factors elevating the demand in the market. It discloses opportunities that will favor the market growth in various segments on the basis of Source, Application, Sales Channel and End Use over the next 10-years.
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