Disposable Medical Supplies Market - Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2018 - 2028

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Disposable Medical Supplies Market - Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2018 - 2028

Status : May, 2021 | Medical Devices

Report Digest

Disposable Medical Supplies Market – Introduction

With the rising rates of disease diagnosis, demand for disposable medical supplies has surged significantly in the past half a decade. Growing demographic of the aging population and associated diseases is another factor contributing to the increasing prevalence of diverse disease and disorders, thereby leading to the rising demand for disposable medical supplies.

Increasing emphasis on preventing the spread of hospital-acquired infections (HAIs) and stringent regulatory standards from the healthcare organizations are expected to propel the demand for disposable medical supplies in the coming future.

Disposable medical supplies include products that are used in wound management, drug administration and surgeries. Injection, infusion products, blood and dialysis product, medical implanting material, wound care products, disposable clothing, surgical supplies and other incontinence management supplies are covered under disposable medical supplies.

Disposable Medical Supplies Market – Notable Developments

  • In July 2017, Cardinal Health, a leading provider of disposable medical supplies acquired Medtronic's business of Patient Care, Nutritional Insufficiency and Deep Vein Thrombosis for US$ 6.1 billion.
  • Solvay, a global leader in speciality polymers announced in October 2018 that the company has introduced new single-use surgical instrument kit - Redi-Spine™ kit designed for minimally invasive spinal fusion surgery.

Some of the most prominent competitors operating in the competitive landscape of global disposable medical supplies market include –

  • 3M
  • Covidien Ltd.
  • Medtronic PLC. Company
  • Molnlycke Health Care AB
  • Cardinal Health.
  • Sempermed USA, Inc.
  • Medline Industries, Inc.
  • McKesson Corporation
  • Halyard Health

Disposable Medical Supplies Market Dynamics

Healthcare Facilities Embrace Single-Use and Disposable Technologies for Cost Savings

Single-use or disposable medical devices are considered as a significant cost saver as compared to cost-effective reusable medical supplies. In addition, single-use or disposable medical supplies help in avoiding chances of infection spread and labor-intensive and complex process for reusing the supplies. Thus, disposable medical supplies can help healthcare facilities in cost savings that are involved in logistics and reprocessing of reusable medical supplies.

Manufacturers Focusing on Implementing Biodegradable Materials to Reduce Biomedical Waste

With the increased focus on patient-centered care and accountability, emphasis on reducing biomedical waste has led manufacturers to implement biodegradable materials in disposable medical supplies. Most of the commercially available single-use or disposable medical supplies are recyclable. Because of which disposable medical supplies that usually end up in     unwanted places or landfills can be collected and can be recycled. Towards this, hospital facilities and ambulatory surgical centers have partnered with reprocessing and recycling firms for the management of medical waste.

Disposable Medical Supplies Market to Grow with Increased Efforts of Healthcare Sector to Prevent HAIs

Hospital-acquired infections (HAI) present major challenges to the healthcare industry with CDC estimation of 1 in 25 patients suffering from HAIs. With the increasing penalty of HAIs in the healthcare infrastructure, demand for disposable medical supplies that aids in the prevention of HAIs is increasing in hospitals and other healthcare facilities.

Also, in the United States, the Joint Commission on the Accreditation of Healthcare Organizations (JCAHO) and the Centers for Disease Control and Prevention (CDC) and others are prompting the hospitals and other healthcare facilities to follow standards and protocols with an aim to prevent patient’s exposure to potential and life-threatening pathogens. That combined with healthcare establishments’ proactive measures to prevent the spread of HAIs is likely to augur well for the disposable medical supplies market in the coming years.

Disposable Medical Supplies Market – Regional Outlook

North America presents a prominent consumer of disposable medical supplies. The United States accounts for a significant bulk of disposable medical supplies in North America owing to the presence of established healthcare infrastructure and stringent regulatory framework. Utilization of disposable medical supplies in the developing economies of Asia Pacific and Middle East and Africa is increasing with increasing investments in developing hospital infrastructure and improving living standards in these regions.

Disposable Medical Supplies Market – Segmentation

The disposable medical supplies market is segmented on the basis of product type, end users and indication.

Based on Product Type, the disposable medical supplies market is segmented into,

  • Gloves
  • Drapes
  • Feeding Tubes
  • Gowns
  • Procedure Kits and Tray

Based on End Users, the disposable medical supplies market is segmented into,

  • Hospitals
  • Ambulatory Surgery Centers
  • Assisted Living Centers & Nursing Homes
  • Clinics/Physician Offices
  • Research Institutes

Based on Indication, the disposable medical supplies market is segmented into,

  • Cerebrovascular
  • Cardiovascular
  • Gynecology
  • Ophthalmology
  • Orthopedics
  • Urology
  • Others

This study provides a particularized anatomy according to the L.E.A.P mechanism

  • Latest trends and cardinal growth prospects
  • Existing and future insights in growth
  • Ascensions in technology
  • Pain points

The regional analysis offers market assays across:

  • North America
  • Asia Pacific
  • Europe
  • Latin America
  • The Middle East and Africa

The study, prepared through the L.E.A.P mechanism adds a dimension of infallibility and assures precise information on all the growth dynamics.

Latest Trends and Cardinal Growth Prospects

The study assists in burnishing the knowledge of the stakeholder in terms of the emerging trends. The study provides an expansive coverage on the latest developments and novel profit-yielding sources that augur well with the market. A dedicated and determined team of experts conduct an out-and-out research on diverse aspects to offer ultimate breakthroughs in the market.

Existing and Future Insights in Growth

The interfusion of ubiquitous primary and secondary research through modern tools invites perfection and accuracy in every aspect. Primary research is circumspectly conducted through exhaustive interactions and interviews of experts. These valuable opinions are then neatly inducted in the report to allow the stakeholder for reaping the benefits. A treasure of secondary data is extracted via famed paid sources, yearly estimates and statements, renowned journals, and government documents. These sources assist in creating a robust database comprising existing and subsequent growth dynamics.

Ascensions in Technology

Diverse technological advancements and cutting-edge innovations in the market have been covered in this study to assist the stakeholder in research and development activities. Recent upgrades have also been added in the study, thus helping the stakeholder to paint the strokes of growth on the canvas of the market.

Pain Points

The study presents a plethora of challenges and obstacles that can hinder the growth of the market to allow the stakeholder to prepare their strategies accordingly.

The world ushered in the new decade with the shadow of the COVID-19 pandemic. The outbreak has damaged the growth prospects of several businesses and has crippled the entire economy. The study is in tandem with the changing dynamics of the market due to the SARS-CoV-2 outbreak. The study focuses on the coronavirus pandemic and analyses every aspect that impacts the growth positively or negatively.

An aerial perspective of the regions covered in this study enables the stakeholder to design strategies accordingly. The 360-degree assessment of every aspect associated with growth offers information on a rainbow of growth opportunities available across the market.

The exhaustive study motivates the stakeholder to take the 'LEAP' of faith and achieve success!

This report is the key to questions such as:

What are the prominent factors that will help in reshaping the market growth?

Which trends have the potential to bring expansive growth for the market?

What are the necessary strategies to overcome the ill-effects of the COVID-19 pandemic?

Which regions will emerge as champion growth contributors for the market?

Which aspects will serve as game-changers for the market?

What are the latest innovations in the market?

Which factors will hinder the growth of the market?