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Pulished Date July, 2021
ID: 11839
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Global Medical Disposables Market Size, Share, Trends, COVID-19 Impact & Growth Analysis Report – Segmented By Product, Raw Material, End-User & Region (North America, Europe, Asia-Pacific, Latin America, Middle East and Africa)- Industry Forecast (2021 to 2026)

Pulished: July, 2021
ID: 11839
Pages: 190

Global Medical Disposables Market Size (2021 to 2026)

The size of the global medical disposables is estimated to be worth USD 306.8 billion in 2021 and USD 678.4 billion by 2026, growing at a CAGR of 17.20% during the forecast period.

A disposable device is any medical device intended to be used only once or for a short time. Many different types of disposable devices are manufactured by medical and surgical device manufacturers around the world. The primary reason for developing disposable devices is to prevent infection. When an item is only used once, infectious agents cannot be passed on to subsequent patients.

Disposable and reusable medical textiles with designed barrier properties against infectious diseases are now widely used in hospitals. While COVID-19 remains a threat in healthcare worldwide, surgeons will undoubtedly adapt to non-surgical roles in the critical fight against the COVID-19 pandemic. The healthcare industry is constantly evolving, from policy to patients and everything in between. The future of disposable medical devices is difficult to predict because the market is driven by new technology, while market demands drive technological advances.

MARKET DRIVERS:

Y-O-Y growth in the number of surgeries occurring across the world is one of the key factors boosting the growth rate of the global medical disposables market.

Surgery is now carried out on a large scale worldwide, in both wealthy and impoverished settings, and it is abhorrent. In general, minimally invasive surgery is associated with less pain, shorter hospital stays, and fewer complications. Laparoscopy was one of the first types of minimally invasive surgery, which involved performing surgery through one or more small incisions while using surgical equipment. In 2018, at least 1.16 million cesarean sections were performed in the EU-27. In recent years, the use of in-patient procedures for cataract surgery has decreased in nearly all EU Member States.

Rising incidence of Healthcare-Associated Infections (HAIs) to increase the use of disposable medical supplies.

Healthcare-associated infections (HAI) are a common cause of morbidity and mortality, putting significant financial strain on healthcare systems. According to WHO, healthcare-associated infections (HAI) are directly responsible for 37,000 deaths in Europe each year, and they play a role in an additional 110,000 deaths. In the United States, 99,000 deaths are attributable to alcohol each year. Preventable HAI-related deaths in ICUs may account for a quarter or more of all deaths in low-resource countries. According to the CDC, it is the national authority on HAI surveillance, outbreak investigation, laboratory research, and prevention.

Y-O-Y growth in the prevalence of chronic diseases such as diabetes and heart disease is further expected to accelerate the global medical disposables market growth.

Chronic diseases kill 41 million people worldwide each year, accounting for 71% of all deaths. Furthermore, 77 percent of all NCD deaths occur in low- and middle-income countries. The majority of Chronic diseases deaths (17.9 million per year) are caused by cardiovascular diseases, followed by respiratory diseases (4.1 million), cancers (9.3 million), and diabetes (1.5 million). The global burden of chronic diseases is rising rapidly. According to WHO, chronic diseases (NCDs) kill 41 million people each year, accounting for 71% of all deaths worldwide.

According to CDC, Diabetes is the seventh most common cause of death in the US. Diabetes affects over 34 million people in the United States. In 2019, diabetes was directly responsible for an estimated 1.5 million deaths. In low- and middle-income countries, prevalence has risen faster than in high-income countries.

Additionally, factors such as the number of patients suffering from infectious diseases rises, so will the demand for disposable medical supplies, the global impact of the COVID-19 outbreak, the growing geriatric population worldwide, increasing production levels of medical disposables by the pharmaceutical and medical device companies, high demand for healthcare services all over the world and increasing spending on healthcare facilities around the world are predicted to favor the growth rate of the global medical disposables market.

MARKET RESTRAINTS:

The problem of adverse skin events has grown exponentially due to the prolonged use of personal protective equipment, which is expected to showcase a negative impact on the global medical disposables market. Additionally, strict GMPs are another significant restrain to the global medical disposables market growth. On the other hand, raw material cost variations are a stumbling block for the healthcare packaging industry. Demand for home care services is growing; however, some physicians, patients, and consumers may be unaware of certain medical device information.

Impact of COVID-19 on the global medical disposables market:

COVID-19 critical product demand and global economic growth have had an impact on both disposable and non-disposable. During the COVID-19 pandemic, plastic products played critical roles in protecting people. The widespread use of personal protective equipment wreaked havoc on the supply chain and waste disposal system. Disposable medical gloves include patient examination gloves and surgeon's gloves. The FDA is providing regulatory flexibility to help expand the availability of medical gloves, as described in the enforcement policy for gloves in effect during the COVID-19 public health emergency. The healthcare industry's reach is expanding, and new opportunities are emerging. The FDA updates its communications about face masks, surgical masks, and respirators regularly.

A shortage of medical supplies remains a major concern as the epidemic spreads around the world. The closure has had an impact on manufacturing, health supply, and distribution. The COVID-19 pandemic, on the other hand, has increased demand for PPE kits and gloves, resulting in increased PPE kit production, which is driving the market growth. Thus, the COVID-19 Pandemic appears to be having a significant impact on medical devices, equipment, and implant design and manufacturing.

COVID-19 has a wide-ranging impact on surgical practice, including workforce and staffing issues, procedural prioritization, intraoperative viral transmission risk, changes in perioperative practice and ways of working, and surgical education and training.

Furthermore, because surgical services vary widely worldwide due to local and regional variations in budgetary constraints, healthcare system configurations, and different bodies issue patient demographics, different and often contradictory guidelines.

REPORT COVERAGE:

REPORT METRIC

DETAILS

Market Size Available

2020 to 2026

Base Year

2020

Forecast Period

2021 to 2026

Segments Covered

By Product, Raw Material, End-User & Region

Various Analyses Covered

Global, Regional & Country Level Analysis, Segment-Level Analysis, Drivers, Restraints, Opportunities, Challenges, PESTLE Analysis, Porter’s Five Forces Analysis, Competitive Landscape, Analyst Overview on Investment Opportunities

Regions Covered

North America, Europe, Asia Pacific, Latin America, Middle East & Africa

 

This research report on the global medical disposables market has been segmented and sub-segmented based on product, raw material, end-user, and region.

Medical Disposables Market – By Product:

  • Wound Management Products
  • Drug Delivery Products
  • Diagnostic and Laboratory Disposables
  • Dialysis Disposables
  • Incontinence Products
  • Respiratory Supplies
  • Sterilization Supplies
  • Non-woven Disposables
  • Disposable Masks
  • Disposable Eye Gear
  • Disposable Gloves
  • Hand Sanitizers
    • Gel Sanitizers
    • Foam Sanitizers
    • Liquid Sanitizers
    • Other Sanitizers
  • Others

Medical Disposables Market – By Raw Material:

  • Plastic Resins
  • Nonwoven Material
  • Rubber
  • Paper and Paperboard
  • Metals
  • Glass
  • Others

Medical Disposables Market – By End-User:

  • Hospitals
  • Home Healthcare
  • Outpatient/Primary Care Facilities
  • Others

Medical Disposables Market – By Region:

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

KEY MARKET PARTICIPANTS:

A few of the notable participants dominating the global medical disposables market profiled in this report are Medline Industries, Inc., Kimberley-Clark, Bayer AG, Cardinal Health, Smith & Nephew PLC, 3M Company, Covidien, Medtronic, Johnson & Johnson, Becton, Dickinson & Company and Abbott.

  1. Introduction                                                          
    1. Market Definition                                               
    2. Scope of the report                                            
    3. Study Assumptions
    4. Base Currency, Base Year and Forecast Periods
  2. Research Methodology
    1. Analysis Design
    2. Research Phases
      1. Secondary Research
      2. Primary Research
      3. Data Modelling
      4. Expert Validation
    3. Study Timeline
  3. Report Overview
    1. Executive Summary
    2. Key Inferences
  4. Market Dynamics
    1. Impact Analysis
      1. Drivers
      2. Restraints
      3. Opportunities
    2. Regulatory Environment
    3. Technology Timeline & Recent Trends
  5. Competitor Benchmarking Analysis
    1. Key Player Benchmarking
      1. Market share analysis
      2. Products/Service
      3. Regional Presence
    2. Mergers & Acquisition Landscape
    3. Joint Ventures & Collaborations
  6. Market Segmentation
    1. Medical Disposables Market, By Product
      1. Wound Management Products
      2. Drug Delivery Products
      3. Diagnostic and Laboratory Disposables
      4. Dialysis Disposables
      5. Incontinence Products
      6. Respiratory Supplies
      7. Sterilization Supplies
      8. Non-woven Disposables
      9. Disposable Masks
      10. Disposable Eye Gear
      11. Disposable Gloves
      12. Hand Sanitizers
        1. Gel Sanitizers
        2. Foam Sanitizers
        3. Liquid Sanitizers
        4. Other Sanitizers
      13. Others
      14. Market Size Estimations & Forecasts (2021-2026)
      15. Y-o-Y Growth Rate Analysis
      16. Market Attractiveness Index
    2. Medical Disposables Market, By Raw Material
      1. Plastic Resins
      2. Nonwoven Material
      3. Rubber
      4. Paper and Paperboard
      5. Metals
      6. Glass
      7. Others
      8. Market Size Estimations & Forecasts (2021-2026)
      9. Y-o-Y Growth Rate Analysis
      10. Market Attractiveness Index
    3. Medical Disposables Market, By End User
      1. Hospitals
      2. Home Healthcare
      3. Outpatient/Primary Care Facilities
      4. Others
      5. Market Size Estimations & Forecasts (2021-2026)
      6. Y-o-Y Growth Rate Analysis
      7. Market Attractiveness Index
  7. Geographical Landscape
    1. Global Medical Disposables Market, by Region
    2. North America - Market Analysis (2021 to 2026)
      1. By Country
        1. USA
        2. Canada
    3. Europe                                                   
      1. By Country
        1. UK
        2. France
        3. Germany
        4. Spain
        5. Italy
        6. Rest of Europe
    4. Asia Pacific                                             
      1. By Country
        1. China                  
        2. India
        3. Japan                  
        4. South Korea
        5. Southeast Asia
        6. Australia & NZ
        7. Rest of Asia- Pacific
    5. Latin America
      1. By Country
        1. Brazil
        2. Argentina
        3. Mexico                
        4. Rest of Latin America
    6. The Middle East and Africa
      1. By Country
        1. Middle East
        2. Africa
  8. Key Player Analysis
    1. Medline Industries, Inc.
      1. Business Description
      2. Products/Service
      3. Financials                             
      4. SWOT Analysis
      5. Recent Developments
      6. Analyst Overview
    2. Kimberley-Clark
    3. Bayer AG
    4. Cardinal Health
    5. Smith & Nephew PLC
    6. 3M Company
    7. Coviden
    8. Medtronic
    9. Johnson & Johnson
    10. Becton, Dickinson, & Company
    11. Abbott
  9. Market Outlook & Investment Opportunities
  10. Appendix                                               
    1. List of Tables
    2. List of Figures
  • Global and country-level analysis and forecasts of the study market; providing Insights on the major countries/regions in which this industry is blooming and also identify the regions that are still untapped.
  • The segment-level analysis in terms of product, raw material and end-user along with market size forecasts and estimations to detect key areas of industry growth in detail.
  • Identification of key drivers, restraints, opportunities, and challenges (DROC) in the market and their impact on shifting market dynamics.
  • Study of the effect of exogenous and endogenous factors that affect the global market; which includes broadly demographic, economics, and political, among other macro-environmental factors presented in an extensive PESTLE Analysis.
  • Study the micro environment factors that determine the overall profitability of an Industry, using Porter’s five forces analysis for analysing the level of competition and business strategy development.
  • A comprehensive list of key market players along with their product portfolio, current strategic interests, key financial information, legal issues, SWOT analysis and analyst overview to study and sustain the market environment.
  • Competitive landscape analysis listing out the mergers, acquisitions, collaborations in the field along with new product launches, comparative financial studies and recent developments in the market by the major companies.
  • An executive summary, abridging the entire report in such a way that decision-making personnel can rapidly become acquainted with background information, concise analysis and main conclusions.
  • Expertly devised analyst overview along with Investment opportunities to provide both individuals and organizations a strong financial foothold in the market.

Global Medical Disposables Market

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