Medical Disposables Market: Current Analysis and Forecast (2021-2027)

Medical disposables are devices that are meant to be used temporarily or only once such as surgical wear, hygiene, anesthesia, surgical masks, and pediatric among others. These products are used in hospitals or in various medical fields for the prevention of infections and for safety measures to meet the medical standards and have wide applications in the healthcare industry.

With the rapid increase in hospitalization and rising chronic diseases then there are some mandatory guidelines that need to be followed for the safety of patients, and healthcare facilities are some of the important factors that are driving the medical disposables market. For instance, As per the 2021 CDC Report, 6 in 10 Americans live with at least one chronic disease, such as cancer, stroke, and diabetes, which will push the demand for disposable medical disposable products across the healthcare setting. Furthermore, the increasing prevalence of hospital-acquired infections is also likely to add impetus to the industry dynamics. Therefore, the market for medical disposables is expected to witness significant growth of around 7% during the forecast period.

Based on product, the medical disposables market is segmented into wound management supplies, drug delivery disposables, non-woven medical disposables, and other disposables. The wound management supplies segment grabbed a significant market share in 2020 and it is estimated that it will exhibit the highest CAGR during the forecast period. The growth of this segment growing due to acute, chronic, and surgical wounds has increased significantly over the past decade, primarily due to the increasing global geriatric population with chronic diseases that will drive the market growth.

Based on raw materials, the medical disposables market is segmented into plastic resins, nonwoven materials, rubber, paper and paperboard, metals, glass, and others. The plastic resins segment accounted for a significant market share in 2020 and it is estimated that it will exhibit the highest CAGR during the forecast period. The growth of this segment growing due to the widely used for manufacturing medical devices like containers, disposable syringes, and other medical items.

Based on end-users, the medical disposables market is divided into hospitals & clinics, ambulatory surgical centers, home care settings, and others. The hospitals & clinics segment is accounted for the majority share in the global market due to the growing number of patients for treatment and surgeries and the increasing usage of medical disposables in hospitals is expected to witness the highest growth of this segment.

For a better understanding of the market adoption of the medical disposables, the market is analyzed based on its worldwide presence in the countries such as North America (United States, Canada, and the Rest of North America), Europe (Germany, France, Italy, Spain, United Kingdom, and Rest of Europe), Asia-Pacific (China, Japan, India, Australia, and Rest of APAC), and Rest of World. North America constitutes a major share of the medical disposables industry. The major factors such as favorable government initiatives and growing awareness regarding infection control and cross-contamination in medical and healthcare fields and the rapid increase in the geriatric population are propelling the growth of this market in the region. Furthermore, the growing number of COVID-19 patients rapidly in this region is expected to boost the regional market growth.

Some of the major players operating in the market are Medline Industries Inc., Smith & Nephew PLC, Bayer AG, BD, 3M, Cardinal Health, Abbott Laboratories, Johnson & Johnson, Medtronic Incorporated, Boston Scientific Corporation, among others. Several M&As along with partnerships have been undertaken by these players to develop new and advanced medical disposables.