The global medical disposables market is witnessing strong momentum, with revenues projected to grow from an estimated USD 163.6 billion in 2023 to an impressive USD 326.4 billion by 2033. This growth, forecasted at a compound annual growth rate (CAGR) of 7.1%, is driven by key factors such as the rising incidence of hospital-acquired infections, increasing surgical procedures, and the growing prevalence of chronic diseases that demand extended hospital stays.
Bandages and wound dressings led the market in 2022, commanding the largest revenue share. This segment is expected to continue its upward trajectory, with a CAGR of 6.8% from 2023 to 2033. The surge in hospitalizations, particularly due to chronic illnesses, has directly contributed to the expansion of the medical disposables market, especially in the field of emergency medical disposables.
Hospital-acquired infections (HAIs) are one of the significant factors driving this market. With healthcare-associated infections affecting 3.5% to 12% of patients in high-income countries and up to 19.1% in low and medium-income countries, the heightened need for effective infection control strategies is catalyzing growth in the market. Furthermore, the expanding geriatric population, the rising incidence of incontinence, and stricter safety regulations for patient care in healthcare institutions are all contributing to this positive market trend.
The North American medical disposables market is set to witness significant growth, with projections indicating a rise from USD 61.7 billion in 2022 to USD 131 billion by 2033. This growth is further bolstered by regulatory developments, such as the 2000 FDA guidelines concerning the reprocessing of healthcare single-use items. These regulations have reinforced the safety and compliance standards for reprocessed items, contributing to a favorable market environment in the U.S. and across North America.
As the medical disposables market continues to grow, it is clear that the increasing focus on infection prevention, patient safety, and the demand for advanced healthcare services will play a pivotal role in shaping its future. With a broad spectrum of applications across various healthcare sectors, the medical disposables market is positioned for significant growth in the years to come.
Here are the key takeaways from the analysis of the global medical disposables market:
- Global Market Growth: The global medical disposables market is expected to grow significantly, from USD 163.6 billion in 2023 to USD 326 billion by 2033, driven by a CAGR of 7.1%. Key factors contributing to this growth include increasing hospital-acquired infections, rising surgical procedures, and the growing prevalence of chronic diseases requiring extended hospital stays.
- USA Market: The USA medical disposables market is projected to have an absolute dollar opportunity of USD 55.3 billion by 2033. The market’s growth is fueled by the rising number of surgeries and the presence of key players in the country, alongside the increased demand for medical supplies due to the surge in COVID-19 cases.
- United Kingdom Market: The UK medical disposables market is expected to reach USD 16.5 billion by 2033, growing at a CAGR of 6.2%. The market is expected to generate an absolute dollar opportunity of USD 7.5 billion during the forecast period.
- Japan Market: In Japan, the medical disposables market is projected to grow at a CAGR of 5.7%, reaching approximately USD 16.8 billion by 2033. The market is expected to see an absolute dollar opportunity of USD 7.1 billion during the forecast period.
- South Korea Market: South Korea’s medical disposables market is expected to reach USD 15 billion by 2033, growing at a CAGR of 5.1%. The market is projected to generate an absolute dollar opportunity of USD 5.9 billion.
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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.
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
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