Global Medical Disposables Market by Product (Wound Management Products, Drug Delivery Products), by Raw Material (Plastic Resin, Nonwoven Material) and Region (North America, Latin America, Europe, Asia Pacific and Middle East & Africa), Forecast To 2028

Summary of the Report

Global medical disposables market was valued at USD 318.3 million in 2020. It is expected to grow at a compound annual rate (CAGR of 16.7%) between 2021 and 2028. This market growth is due to an increasing number of surgeries, rising incidence of Hospital Acquired Infections, (HAIs), a growing prevalence of chronic illnesses leading to longer hospital stays, and the global impact of COVID-19 epidemics.

Medical disposables have seen a significant increase in demand due to the COVID-19 epidemic and the increasing number of hospital admissions around the world. To meet increasing demand, the WHO appealed to governments and industries to increase production of personal protective equipment such as hospital gowns and gloves, goggles and masks, respirators and aprons. The WHO also stated that prices have risen significantly due to increased demand for these accessories. The price of hospital gowns and surgical masks have increased by two-fold, while their price has increased six-fold. The WHO has also shipped approximately half a million sets of personal protective equipment to 47 countries. The market has been greatly affected by the COVID-19 outbreak, which is an extremely effective driver. Market for medical disposables will be affected by the COVID-19 outbreak. SARS-CoV-2, a pandemic that has ravaged the world, has seen a dramatic increase in demand for medical disposables, medicines, emergency supplies, and hospital equipment, including gowns and antiseptics. COVID-19, a zoonotic disease, was first reported in China in December 2019. Bats were thought to be the main reservoir. The first case of COVID-19 was reported in China in December 2019. Since then, the disease spreads rapidly. It was discovered that the first case of infection was in Wuhan. The virus was transmitted mainly from Wuhan to its victims through human-to-human transmission.

Market for medical disposables will be positively affected by the rising prevalence of chronic diseases like diabetes and heart disease. According to the International Diabetes Federation (IDF), the global prevalence of diabetes will increase from 366.0 millions in 2011 to 55.2 million by 2030. The market's growth will be positive due to the fact that prolonged diabetes can lead to diabetic foot ulcers. This in turn leads to a longer hospital stay. The market for medical disposables is expected to grow due to the growing geriatric population. According to the World Health Organization (WHO), global geriatric population will increase from 84.0 million in 2014, to 2.0 billion by 2050. Market growth is expected to increase due to the increasing geriatric population, which is susceptible to many diseases.

Market growth will also be supported by the constant efforts of major market players. To strengthen their market position for medical disposables, key players are using a variety of strategies. Smith & Nephew PLC purchased Osiris Therapeutics, Inc. in April 2019 to help accelerate its advanced wound management product development. 3M announced in May 2019 that it would acquire Acelity Inc. to improve wound management solutions. This could increase the company's customer base. These initiatives by key players will likely drive market growth during the forecast period.

Product Insights

In 2020, the sterilization supplies market was the dominant segment in medical disposables. It held the largest share of revenue at 13.0%. The market can be divided into four product groups: sterilization supplies, wound management products and drug delivery products.

Cotton swabs, cotton balls, test tubes and other products for sterilization are all available. These products can be used to prevent infection from surgery. This segment also contains sterilizer bags that can be used to sterilize medical devices. This segment also includes innovative products like premixed cotton swabs that can be sterilized with sterilization solutions. These products are easy to use, as they reduce the time and effort required to apply the solution on cotton balls in the right proportions. This is due to the increasing demand for sterilization supplies in hospitals and clinics, which is a key factor driving the segment's growth. This segment is expected to grow due to the lack of effective alternatives and innovative packaging.

Hand sanitizers have seen a huge increase in demand since the COVID-19 epidemic. According to the World Health Organization, hand sanitizers should be used frequently to prevent the spread of coronavirus. India has also banned hand sanitizer exports in order to address the problem of shortages. The ban was included in the Essential Commodities Act 1955. Brazilian authorities also directed the Armed Forces laboratories to produce large quantities of alcohol-based gel for the treatment of infected patients. Puntland State University also developed inexpensive hand sanitizers that could be used to alleviate the lack of hand sanitizers for Somalia. John Distilleries, a whisky producer in India, has announced that it will produce hand sanitizers at its Goa and Bangalore distilleries to address the COVID-19 crisis. The forecast period is expected to see a significant increase in sales. Further, the hand sanitizers market can be further divided into gel, liquid and foam.

Raw Material Insights

The market was dominated by plastic resins in 2020. This segment had a revenue share of more than 58.0% based on raw material. Plastic resins are used to make medical devices like disposable needles, tubs for intravenous solutions and other packaging materials. Market growth is being driven by the increasing prevalence of hospital-acquired infection and the subsequent increased use of disposable items to stop the spread of COVID-19. There are many types of plastics that have a wide range of properties such as Polyvinyl Chloride, Polypropylene, Polypropylene, Low and High-density Polyethylene and Polystyrene. This has increased the use of plastics in healthcare.

Over the forecast period, the fastest growing segment in non-woven materials is expected to be the non-woven. Nonwoven material is preferred in hospitals and clinics over woven material because it offers better protection against hospital-borne infection and surgical site infections. These materials are expected to be in high demand due to their low weight, affordability, and ease of recycling. It is used primarily for manufacturing products like surgical gowns and sanitary napkins, bandages, bandages, and masks. This material's manufacturing cost is lower than its counterparts because of the ease of manufacturing and availability of raw materials like polyester. The introduction of minimally invasive procedures and medical procedures that involve minimal body contact could limit the growth of the segment over the forecast period.

End-use Insights

In 2020, the hospital segment was the dominant market player and had a 54.0% revenue share. This is due in part to an increasing number of patients admitted to hospitals for COVID-19 treatments and surgeries. According to a University of California, San Francisco study, operating rooms generate more than 2000 tons of waste per day on average. A significant amount of this waste comes from disposable medical supplies. This could encourage the growth of the sector over the forecast period due to the high use of disposable medical supplies in hospitals.

Over the forecast period, home healthcare is expected to experience significant growth. The majority of medical disposables for home healthcare include used needles and syringes. Due to the growing geriatric population and the government's efforts to reduce hospital readmissions, the demand for is on the rise. The forecast period will see a rise in home healthcare adoption, which is expected to increase the demand for medical disposables.

Regional Insights

North America was the dominant market, with a 33.3% revenue share in 2020. This is due to the growing number of surgeries in the region and the presence key market players. The demand for medical disposables has increased due to the increase in COVID-19-related patients. According to a WHO report, there were more than 3,39,000.9 cases and 1,509.9 new cases in Canada. In the coming months, this number is expected to grow exponentially. These factors will increase demand for medical disposables.

The market in Asia Pacific is expected to grow the fastest over the forecast period due to its growing geriatric population, and high prevalence of cardiovascular disease. COVID-19 has also made Asia Pacific one of the most affected regions. South Korea and China have reported high numbers of COVID-19-related cases. It is also easier to transmit the virus within the community because of the densely populated areas in this region. This region has a large number of potential patients, which is expected to fuel market growth during the forecast period.

Market Share Insights & Key Companies

The market's key players participate in strategies like mergers and acquisitions, product launches and partnerships. The following are some of the most prominent players in medical disposables:

• Medline Industries, Inc.

• Smith & Nephew PLC

• Bayer AG

• BD

• 3M

• Cardinal Health

Up Market Research published a new report titled “Medical Disposables Market research report which is segmented by Product (Wound Management Products, Drug Delivery Products), by Raw Material (Plastic Resin, Nonwoven Material), By Players/Companies Cardinal Health, Bayer AG, Medline Industries Inc, Smith & Nephew PLC, BD, 3M”. As per the study the market is expected to grow at a CAGR of XX% in the forecast period.

Report Scope

The report covers comprehensive data on emerging trends, market drivers, growth opportunities, and restraints that can change the market dynamics of the industry. It provides an in-depth analysis of the market segments which include products, applications, and competitor analysis.

Global Medical Disposables Market Report Segments:

The market is segmented by Product (Wound Management Products, Drug Delivery Products), by Raw Material (Plastic Resin, Nonwoven Material).

Medical Disposables Market research report delivers a close watch on leading competitors with strategic analysis, micro and macro market trend and scenarios, pricing analysis and a holistic overview of the market situations in the forecast period. It is a professional and a detailed report focusing on primary and secondary drivers, market share, leading segments and geographical analysis. Further, key players, major collaborations, merger & acquisitions along with trending innovation and business policies are reviewed in the report.

Key Benefits for Industry Participants & Stakeholders:

• Industry drivers, restraints, and opportunities covered in the study
• Neutral perspective on the market performance
• Recent industry trends and developments
• Competitive landscape & strategies of key players
• Potential & niche segments and regions exhibiting promising growth covered
• Historical, current, and projected market size, in terms of value
• In-depth analysis of the Medical Disposables Market

Overview of the regional outlook of the Medical Disposables Market:

Based on region, the market is segmented into North America, Europe, Asia Pacific, Latin America and Middle East & Africa (MEA). North America region is further bifurcated into countries such as U.S., and Canada. The Europe region is further categorized into U.K., France, Germany, Italy, Spain, Russia, and Rest of Europe. Asia Pacific is further segmented into China, Japan, South Korea, India, Australia, South East Asia, and Rest of Asia Pacific. Latin America region is further segmented into Brazil, Mexico, and Rest of Latin America, and the MEA region is further divided into GCC, Turkey, South Africa, and Rest of MEA.

Highlights of The Medical Disposables Market Report:

1. The market structure and projections for the coming years.
2. Drivers, restraints, opportunities, and current trends of Medical Disposables Market.
3. Historical data and forecast.
4. Estimations for the forecast period 2028.
5. Developments and trends in the market.

                1. Wound Management Products

                2. Drug Delivery Products

                1. Plastic Resin

                2. Nonwoven Material

8. Market scenario by region, sub-region, and country.
9. Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
10. Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
11. Government Policies, Macro & Micro economic factors are also included in the report.

We have studied the Medical Disposables Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2028.

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• Correctly Positioning New Products
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Reasons to Purchase the Medical Disposables Market Report:

• The report includes a plethora of information such as market dynamics scenario and opportunities during the forecast period
• Segments and sub-segments include quantitative, qualitative, value (USD Million,) and volume (Units Million) data.
• Regional, sub-regional, and country level data includes the demand and supply forces along with their influence on the market.
• The competitive landscape comprises share of key players, new developments, and strategies in the last three years.
• Comprehensive companies offering products, relevant financial information, recent developments, SWOT analysis, and strategies by these players.