Publishing: August 2021 | Report Code: LS12206 | Available Format: PDF
The global medical disposables market was valued around $51 billion in 2020, which is projected to progress with healthy growth rate during the forecast period (2021–2030). The major factors responsible for the growth of the market include the booming geriatric population, rising prevalence of chronic diseases, and increasing cases of hospital-acquired infections (HAIs), which have propelled healthcare settings’ focus on infection transmission minimization.
The COVID-19 epidemic has catapulted the medical disposables business from obscurity to prominence. Disposable medical supplies reduce the chances of cross-infection from one patient to another and also from patients to healthcare providers. The demand for personal protective equipment (PPE) has exponentially grown, with the World Health Organization (WHO) implementing guidelines on the use of face masks, gloves, and other pieces of PPE, thus creating a tremendous positive impact on the medical disposables market.
The nonwoven medical supplies category is expected to observe the swiftest growth in the forecast period in the medical disposables market, based on type. This is mainly attributed to the protection these products provide against HAIs. In addition, COVID-19 has also played a big role in boosting the growth of this category.
In 2020, the cardiovascular category held the largest market share in medical disposables market, based on application. This is mainly attributed to the rising number patients suffering from cardiovascular diseases and increasing awareness about the early management of these diseases.
The hospitals category held the largest share in 2020 in the medical disposables industry, based on end use. This was due to the rising patient footfall at such places, as they boast state-of-the-art facilities and trained professionals across disciplines. The high patient footfall leads to a higher chance of HAIs, while the sterilization of reusable devices increases the procedure cost. Thus, hospitals around the world are adopting disposable supplies to not only decrease the prevalence of HAIs but also keep the procedures as cost-effective as possible.
Geographically, North America was the largest contributor to the medical disposables market in 2020, mainly due to the increase in the government spending on research and development (R&D), rise in the aging population, and surge in the prevalence of HAIs. Other factors that lead to the growth of the market are the need to curb the rising healthcare costs and an increase in the prevalence of chronic diseases in the region.
Technological advancements in medical supplies for homecare settings are the key trends being observed in the medical disposables market globally. Major players in the market are focused on enhancing their product portfolio with advanced technologies, to retain their foothold in the market. In 2020, Single-use or disposable medical devices are considered a significant cost saver as compared to cost-effective reusable medical supplies. In addition, such medical supplies help in preventing infection spread and avoiding the labor-intensive and complex process for reusing the supplies.
According to a WHO report, the prevalence of HAIs at any given time in developed countries varies from 3.5% to 12% of all those visiting healthcare settings. This prevalence of HAIs varies globally, with 7.1% of the total hospitalized patients in the European countries, as reported by the European Centre for Disease Prevention and Control (ECDC).
|Base Year (2020) Market Size||$51 Billion|
|Market Size Forecast in 2030||~$90 Billion|
|Report Coverage||Market Trends; Revenue Estimation and Forecast; Segmentation Analysis; Regional Breakdown; Companies’ Strategic Developments; Product Benchmarking; Company Profiling|
|Market Size by Segments||By Type; By End Use; By Application; By Region|
|Market Size of Geographies||U.S.; Canada; U.K.; Germany; France; Spain; Italy; China; India; Japan; South Korea; Australia; Mexico; Brazil; Saudi Arabia; South Africa|
|Secondary Sources and References (Partial List)||Association of Indian Medical Device Industry; European Union; World Health Organization; Food and Drug Administration; Forbes; European Medicines Agency; Medical Device Manufacturers Association; American Medical Association; European Medical Association|
In recent years, players in the medical disposables industry have strongly pursued the betterment of their product portfolio. For instance:
The global medical disposables market report offers comprehensive market segmentation analysis along with market estimation for the period 2015–2030.
Based on Type
Based on Application
Based on End Use
The global medical disposables market value stood at approximately $51 billion in 2020.
The hospitals end use category dominated the medical disposables industry in 2020.
Technological advancements in medical supplies for homecare settings are the major trends currently being witnessed in the market for medical disposables.
The medical disposables industry is booming because of the growing incidence of hospital-acquired infections (HAIs) across the world.
The market for medical disposables boomed in North America in 2020, because of the presence of a large geriatric population in the region.
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