Medical Disposables Market To Generate Revenue Worth Around $90 Billion in 2030

The growing geriatric population, rising prevalence of chronic diseases, increasing number of cases of hospital-acquired infections (HAIs), and surging healthcare expenditure are the strongest factors responsible for the growth of the medical disposables market.

The COVID-19 epidemic has catapulted the demand for disposable medical supplies. As single-use surgical face masks, gowns, needles, and syringes had become important in guaranteeing first-line security against various nosocomial infections or communicable illnesses in hospitals and clinics even before the pandemic, COVID-19 has increased their usage massively. The demand for personal protective equipment (PPE) has exponentially grown, with the guidelines of the World Health Organization (WHO) on the use of face masks being followed globally, thus impacting the medical disposables market positively.

Nonwoven Medical Supplies Category Dominated Market

The market is categorized into glucose monitoring strips, blood collection consumables, diagnostic catheters, dialysis consumables, radiology consumables, infusion products, smart syringes, prefilled syringes, intubation & ventilation supplies, hypodermic products, sterilization consumables, nonwoven medical supplies, incontinence products, surgical nonwoven products, wound care consumables, infection management products, exudate management products, negative pressure wound therapy (NPWT) devices, and others, based on type. Among these, the nonwoven medical supplies category held the largest share in the global medical disposables market in 2020, and it is expected to lead the market in the coming years as well.

The medical disposables market is categorized into cardiovascular, cerebrovascular, ophthalmology, gynecology, urology, orthopedics, and others, based on application. The cardiovascular category held the largest market share in 2020 owing to the rise in cardiovascular disease prevalence across the world, which already kill almost 18 million people each year, as per the WHO.

The market for medical disposables is categorized into hospitals, clinics/physician offices, assisted-living centers & nursing homes, ambulatory surgery centers, and research institutes, based on end use. Amongst these, hospitals held the largest share in market due to the increasing prevalence of diabetes and cardiovascular diseases, growth in the volume of point-of-care (POC) diagnostic procedures, and rise in the demand for glucose-monitoring systems.

Geographically, North America was the largest contributor to the medical disposables market in 2020 due to the increasing geriatric population, rising government expenditure on healthcare, and presence of key players in the region.

Industry Players Involved in Product Launches to Improve Their Position

Major players in the medical disposables industry are involved in product innovation to provide advanced healthcare and gain a competitive edge. For instance, in May 2021, Medtecs USA’s MEDTECS surgical face mask received the Emergency Use Authorization (EUA) from the Food and Drug Administration (FDA) for use in healthcare settings by health care personnel as PPE, to provide a physical barrier to liquids and particulate material, to prevent HCP exposure to respiratory droplets and large particles during the COVID-19 pandemic.

Some of the key players in the medical disposables market are Medtronic plc, Johnson & Johnson, Abbot Laboratories, General Electric Company, and Fresenius Medical Care AG & Co. KGaA.