USD 422.5 billion
Disposable Medical Supplies Market Size, Share, Growth Analysis, By Type(Diagnostic Supplies, Dialysis Consumables, Radiology Consumables, Infusion Products), By Application(Cardiovascular, Cerebrovascular, Ophthalmology, Gynecology), By End User(Hospitals, Clinics/Physician Offices, Assisted Living Centers & Nursing Homes, Ambulatory Surgery Centers), By Region - Industry Forecast 2024-2031
Report ID:
SQMIG35B2203 |
Region:
Global |
Published Date: May, 2024
Pages:
218
|Tables:
103
|Figures:
75
Disposable Medical Supplies Market Insights
Global Disposable Medical Supplies Market size was valued at USD 422.5 billion in 2022 poised to grow from USD 496 billion in 2023 to USD 1789.9 billion by 2031, growing at a CAGR of 17.4% in the forecast period (2024-2031).
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.
Market Snapshot - 2024-2031
Global Market Size
Largest Segment
Hospitals
Fastest Growth
Assited Living Centers & Nursing Homes
Growth Rate
17.4% CAGR
Global Disposable Medical Supplies Market ($ Bn)
Country Share for North America Region (%)
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Disposable Medical Supplies Market Segmental Analysis
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.
Global Disposable Medical Supplies Market By End User
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Disposable Medical Supplies Market Regional Insights
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.
Global Disposable Medical Supplies Market By Region
- Largest
- Fastest
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Disposable Medical Supplies Market Dynamics
Drivers
Surge in Prevalence of Infectious Diseases
- Infectious diseases can spread through cross contamination of medical supplies, and this is why disposable medical supplies are used to eliminate the possibility of cross-contamination. Growing incidence of such infectious diseases will boost sales of disposable medical supplies in the future.
Development of Healthcare Infrastructure
- Developed healthcare establishments are quick to adopt disposable medical supplies as they have the budget and capability to do so. Rapid development of healthcare infrastructure around the world is estimated to promote disposable medical supplies market growth going forward.
Restraints
Waste Management Issues
- Disposable medical supplies create a significant amount of medical waste and not all healthcare establishments or governments can handle it properly. Improper management of medical waste could impede disposable medical supplies market development.
Environmental Concerns
- Disposable medical supplies are usually developed using materials such as plastics, which are cheap to make the products more affordable and accessible. However, most of these cheap materials are highly dangerous for the environment and cause pollution, which could slow down the demand for disposable medical supplies in the future.
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Disposable Medical Supplies Market Competitive Landscape
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
- 3M Company
- Cardinal Health Inc.
- Nipro Corp.
- Abbott Laboratories
- BECTON, DICKINSON AND COMPANY
- Smiths Group Plc. (Smiths-Medical)
- Bayer AG
- Medline Industries Inc.
- Domtar Corporation
- Semperit AG Holding
- TERUMO MEDICAL CORPORATION
- Medtronic Plc
- Fresenius SE and Co. KGaA
- ICU Medical Inc.
- Stryker Corp.
- B. Braun Melsungen AG
- Teleflex Inc.
- Johnson and Johnson
- GPC Medical Ltd.
Recent Developments
- In January 2024, BIOCORP, a company specializing in development and manufacturing of novel medical devices, revealed that it had obtained a 510(k) approval for Sanofi’s smart cap for disposable insulin pens.
- In January 2024, Inspira Technologies OXY B.H.N Ltd., a leading name in the life support business, announced its plans to launch a new disposable blood oxygenation kit, which it is currently developing.
Disposable Medical Supplies Key Market Trends
- Product Innovation: Disposable medical supplies companies should invest in R&D to develop novel products using smart technologies and smart manufacturing techniques. Use of biocompatible materials coupled with ergonomic designs could help disposable medical supplies market players take their innovation game to the next level and stand out from other market players.
Disposable Medical Supplies Market SkyQuest Analysis
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 |
|
| 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 |
|
| Customization scope | Free report customization with purchase. Customization includes:-
|
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Table Of Content
Executive Summary
Market overview
- Exhibit: Executive Summary – Chart on Market Overview
- Exhibit: Executive Summary – Data Table on Market Overview
- Exhibit: Executive Summary – Chart on Disposable Medical Supplies Market Characteristics
- Exhibit: Executive Summary – Chart on Market by Geography
- Exhibit: Executive Summary – Chart on Market Segmentation
- Exhibit: Executive Summary – Chart on Incremental Growth
- Exhibit: Executive Summary – Data Table on Incremental Growth
- Exhibit: Executive Summary – Chart on Vendor Market Positioning
Parent Market Analysis
Market overview
Market size
- Market Dynamics
- Exhibit: Impact analysis of DROC, 2021
- Drivers
- Opportunities
- Restraints
- Challenges
- Exhibit: Impact analysis of DROC, 2021
- SWOT Analysis
KEY MARKET INSIGHTS
- Technology Analysis
- (Exhibit: Data Table: Name of technology and details)
- Pricing Analysis
- (Exhibit: Data Table: Name of technology and pricing details)
- Supply Chain Analysis
- (Exhibit: Detailed Supply Chain Presentation)
- Value Chain Analysis
- (Exhibit: Detailed Value Chain Presentation)
- Ecosystem Of the Market
- Exhibit: Parent Market Ecosystem Market Analysis
- Exhibit: Market Characteristics of Parent Market
- IP Analysis
- (Exhibit: Data Table: Name of product/technology, patents filed, inventor/company name, acquiring firm)
- Trade Analysis
- (Exhibit: Data Table: Import and Export data details)
- Startup Analysis
- (Exhibit: Data Table: Emerging startups details)
- Raw Material Analysis
- (Exhibit: Data Table: Mapping of key raw materials)
- Innovation Matrix
- (Exhibit: Positioning Matrix: Mapping of new and existing technologies)
- Pipeline product Analysis
- (Exhibit: Data Table: Name of companies and pipeline products, regional mapping)
- Macroeconomic Indicators
COVID IMPACT
- Introduction
- Impact On Economy—scenario Assessment
- Exhibit: Data on GDP - Year-over-year growth 2016-2022 (%)
- Revised Market Size
- Exhibit: Data Table on Disposable Medical Supplies Market size and forecast 2021-2027 ($ million)
- Impact Of COVID On Key Segments
- Exhibit: Data Table on Segment Market size and forecast 2021-2027 ($ million)
- COVID Strategies By Company
- Exhibit: Analysis on key strategies adopted by companies
MARKET DYNAMICS & OUTLOOK
- Market Dynamics
- Exhibit: Impact analysis of DROC, 2021
- Drivers
- Opportunities
- Restraints
- Challenges
- Exhibit: Impact analysis of DROC, 2021
- Regulatory Landscape
- Exhibit: Data Table on regulation from different region
- SWOT Analysis
- Porters Analysis
- Competitive rivalry
- Exhibit: Competitive rivalry Impact of key factors, 2021
- Threat of substitute products
- Exhibit: Threat of Substitute Products Impact of key factors, 2021
- Bargaining power of buyers
- Exhibit: buyers bargaining power Impact of key factors, 2021
- Threat of new entrants
- Exhibit: Threat of new entrants Impact of key factors, 2021
- Bargaining power of suppliers
- Exhibit: Threat of suppliers bargaining power Impact of key factors, 2021
- Competitive rivalry
- Skyquest special insights on future disruptions
- Political Impact
- Economic impact
- Social Impact
- Technical Impact
- Environmental Impact
- Legal Impact
Market Size by Region
- Chart on Market share by geography 2021-2027 (%)
- Data Table on Market share by geography 2021-2027(%)
- North America
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- USA
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Canada
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Europe
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- Germany
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Spain
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- France
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- UK
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of Europe
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Asia Pacific
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- China
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- India
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Japan
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- South Korea
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of Asia Pacific
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Latin America
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- Brazil
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of South America
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Middle East & Africa (MEA)
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- GCC Countries
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- South Africa
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of MEA
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
KEY COMPANY PROFILES
- Competitive Landscape
- Total number of companies covered
- Exhibit: companies covered in the report, 2021
- Top companies market positioning
- Exhibit: company positioning matrix, 2021
- Top companies market Share
- Exhibit: Pie chart analysis on company market share, 2021(%)
- Total number of companies covered
Methodology
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.
Analyst Support
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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