USD 422.5 billion
Report ID:
SQMIG35B2203 |
Region:
Global |
Published Date: May, 2024
Pages:
218
|Tables:
103
|Figures:
75
Disposable Medical Supplies Market size was valued at USD 496 Billion in 2023 and is poised to grow from USD 582.3 Billion in 2024 to USD 2101.34 Billion by 2032, growing at a CAGR of 17.4% during the forecast period (2025-2032).
Medical supplies that can be used and disposed of after use are known as disposable medical supplies. The growing incidence of hospital acquired infections and rising awareness regarding the same are projected to bolster the demand for disposable medical supplies over the coming years. Surging prevalence of infectious diseases and advancements in healthcare technology are forecasted to augment disposable medical supplies market growth across the forecast period. High use of personal protective equipment (PPE) in healthcare establishments is also slated to favor market development in the future. Rapidly increasing geriatric population is also propelling the demand for incontinence products, which are also classified as disposable medical supplies. Increasing rates of hospitalization and investments in healthcare infrastructure development are also slated to uplift sales of disposable medical supplies in the long run. On the contrary, healthcare waste management issues, environmental concerns, and budget constraints are slated to be the top restraints for market growth in the future.
Global Market Size
USD 422.5 billion
Largest Segment
Hospitals
Fastest Growth
Assited Living Centers & Nursing Homes
Growth Rate
17.4% CAGR
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The global disposable medical supplies market is segmented based on type, application, end user, and region. In terms of type, the market is bifurcated into diagnostic supplies, dialysis consumables, radiology consumables, infusion products, intubation & ventilation supplies, hypodermic products, sterilization consumables, nonwoven medical supplies, wound care consumables, and others. Based on application, the market is divided into cardiovascular, cerebrovascular, ophthalmology, gynecology, urology, orthopedics, and others. In terms of end user, the market is segmented into hospitals, clinics/physician offices, assisted living centers & nursing homes, ambulatory surgery centers, and research institutes. Based on region, the market is segmented into Asia Pacific, North America, Latin America, Europe, and the Middle East and Africa.
Analysis by Type
Sterilization consumables account for a dominant share of the global disposable medical supplies market. Growing emphasis on infection control in healthcare facilities and rising incidence of infectious diseases are key factors helping this segment maintain its dominance. Moreover, the imposition of stringent sterilization mandates for medical devices and instruments are also slated to promote the use of sterilization consumables going forward.
Demand for disposable diagnostic supplies is forecasted to increase at a fast CAGR across the forecast period. A robust increase in the number of diagnostic tests and procedures performed around the world is contributing to high demand for diagnostic suppliers. Rising awareness regarding preventive healthcare also contributes to disposable medical supplies market growth via this segment.
Analysis by End User
Hospitals are estimated to hold sway over the global demand for disposable medical supplies over the coming years. High rates of hospitalization and growing use of disposable medical supplies to treat patients allow this segment to maintain its dominance. Growing number of hospitals around the world and increasing spending on disposable medical supplies also boosts market development.
Meanwhile, demand for disposable medical supplies in assisted living centers & nursing homes is forecasted to surge at a robust pace over the coming years. Rapidly increasing geriatric population and their growing admission in living centers and nursing homes allows this segment to prosper in the future.
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North America is estimated to account for a substantial share of the global disposable medical supplies market owing to the presence of a developed healthcare ecosystem. Growing patient awareness regarding HAIs and the imposition of stringent patient safety mandates are also promoting sales of disposable medical supplies in this region. Canada and the United States are key countries for disposable medical supplies companies looking to make a mark in North America.
Meanwhile, the demand for disposable medical supplies in the Asia Pacific region is slated to rise at a robust pace over the coming years. Rapidly expanding geriatric population base and increasing investments in healthcare infrastructure development are estimated to boost the demand for disposable medical supplies going forward. Japan will see a robust hike in demand for adult incontinence disposables over the coming years on the back of its high aging population base. China and India are slated to be other lucrative markets for disposable medical supplies market players in this region.
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Drivers
Surge in Prevalence of Infectious Diseases
Development of Healthcare Infrastructure
Restraints
Waste Management Issues
Environmental Concerns
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Disposable medical supplies manufacturers should focus on opting for sustainable raw materials to make their products eco-friendly. Disposable medical supplies companies can also collaborate and partner with different healthcare organizations to develop specialized products. Disposable medical supplies market players can also create innovative products by using unique sterilization technologies.
Top Player’s Company Profiles
Recent Developments
SkyQuest’s ABIRAW (Advanced Business Intelligence, Research & Analysis Wing) is our Business Information Services team that Collects, Collates, Co-relates, and Analyses the Data collected by means of Primary Exploratory Research backed by robust Secondary Desk research.
As per SkyQuest analysis, growing prevalence of infectious diseases, high investments in healthcare infrastructure development, and rapidly increasing geriatric population around the world are slated to boost sales of disposable medical supplies across the forecast period. However, improper medical waste management and environmental concerns regarding medical disposable waste are slated to impede disposable medical supplies market development. North America is estimated to dominate the demand for disposable medical supplies over the coming years owing to the presence of a developed healthcare ecosystem. Product innovation will be of the essence for all disposable medical supplies companies looking to make a mark in the future.
Report Metric | Details |
---|---|
Market size value in 2022 | USD 422.5 billion |
Market size value in 2031 | USD 1789.9 billion |
Growth Rate | 17.4% |
Base year | 2023 |
Forecast period | 2024-2031 |
Forecast Unit (Value) | USD Billion |
Segments covered |
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Regions covered | North America (US, Canada), Europe (Germany, France, United Kingdom, Italy, Spain, Rest of Europe), Asia Pacific (China, India, Japan, Rest of Asia-Pacific), Latin America (Brazil, Rest of Latin America), Middle East & Africa (South Africa, GCC Countries, Rest of MEA) |
Companies covered |
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Customization scope | Free report customization with purchase. Customization includes:-
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Executive Summary
Market overview
Parent Market Analysis
Market overview
Market size
KEY MARKET INSIGHTS
COVID IMPACT
MARKET DYNAMICS & OUTLOOK
Market Size by Region
KEY COMPANY PROFILES
For the Disposable Medical Supplies Market, our research methodology involved a mixture of primary and secondary data sources. Key steps involved in the research process are listed below:
1. Information Procurement: This stage involved the procurement of Market data or related information via primary and secondary sources. The various secondary sources used included various company websites, annual reports, trade databases, and paid databases such as Hoover's, Bloomberg Business, Factiva, and Avention. Our team did 45 primary interactions Globally which included several stakeholders such as manufacturers, customers, key opinion leaders, etc. Overall, information procurement was one of the most extensive stages in our research process.
2. Information Analysis: This step involved triangulation of data through bottom-up and top-down approaches to estimate and validate the total size and future estimate of the Disposable Medical Supplies Market.
3. Report Formulation: The final step entailed the placement of data points in appropriate Market spaces in an attempt to deduce viable conclusions.
4. Validation & Publishing: Validation is the most important step in the process. Validation & re-validation via an intricately designed process helped us finalize data points to be used for final calculations. The final Market estimates and forecasts were then aligned and sent to our panel of industry experts for validation of data. Once the validation was done the report was sent to our Quality Assurance team to ensure adherence to style guides, consistency & design.
Customization Options
With the given market data, our dedicated team of analysts can offer you the following customization options are available for the Disposable Medical Supplies Market:
Product Analysis: Product matrix, which offers a detailed comparison of the product portfolio of companies.
Regional Analysis: Further analysis of the Disposable Medical Supplies Market for additional countries.
Competitive Analysis: Detailed analysis and profiling of additional Market players & comparative analysis of competitive products.
Go to Market Strategy: Find the high-growth channels to invest your marketing efforts and increase your customer base.
Innovation Mapping: Identify racial solutions and innovation, connected to deep ecosystems of innovators, start-ups, academics, and strategic partners.
Category Intelligence: Customized intelligence that is relevant to their supply Markets will enable them to make smarter sourcing decisions and improve their category management.
Public Company Transcript Analysis: To improve the investment performance by generating new alpha and making better-informed decisions.
Social Media Listening: To analyze the conversations and trends happening not just around your brand, but around your industry as a whole, and use those insights to make better Marketing decisions.
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Report ID: SQMIG35B2203
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