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 : June, 2020 | Medical Devices | PPT format

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.
  • ANSELL
  • McKesson Corporation
  • NIPRO
  • 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

The study presents a granular assessment and quantitative evaluation of:

  • Key growth factors and prominent trends
  • Size and share of key segments in overall market
  • Key challenges and winning imperatives
  • Factors shaping competitive landscape
  • Insights into how contours of market will change in coming years
  • Technological advances
  • New avenues and imminent investment pockets
  • Regulatory landscape shaping current and future strategies of companies

The region-wise assessment includes market dynamics in:

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

The study is prepared with the help of an extensive primary and secondary research. Primary research includes but not limited to interactions, interviews, surveys, and events. Opinions of policy makers and industry experts are carefully integrated into the insights to complement primary research. Volumes of secondary data gleaned through renowned paid sources, annual statements, reputed journals, and government documents offer insights into current dynamics and key evolution trajectories the market is likely to assume. The research employs various industry-wide analytics methods and well-established methodologies to ascertain the attractiveness of key segments. Further, it evaluates the lucrativeness of key regions and factors underlying their maturity. The insights notably include a detailed analysis of forces behind vendor differentiation and offers insight into investment-decision making by prominent players.

The report strives to enlighten businesses and industry stakeholders on multiple facets of the growth dynamic of the market, the key of which include answers to:

  • Which key factors will shape the competitive landscape?
  • Which trends will stimulate research and development activities in different geographies?
  • Which are the lucrative growth areas and what is the size of potential they are likely contribute to the overall market?
  • Which disruptions in market growth are likely to come with the new business models?
  • Which are some of the recent overhauls in policies that may change the course of the market significantly?
  • Which are the geographies that will form sizable sources of new streams to new and established players alike?
  • How are top players likely to realign their strategy to counter the forces of competition?
  • Which key strategies emerging players are likely to focus on to consolidate their position?
  • Which changes in end-user preferences might affect the status quo held by the leading players?
  • Which are some of the game-changing innovations influencing the projected share and revenue of the market and its segments?

Note: Utmost care has invariably been taken to present data and arrive at statistics at all the TMR Research reports. Meanwhile, some recent developments and new industry trends may take time to be included in the reports.