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The disposable hospital supplies market size is estimated to grow at a CAGR of 9.05% between 2022 and 2027. The disposable hospital supplies market size is forecast to increase by USD 21.49 billion. The growth of the market depends on several factors, including the increasing number of hospitalizations and surgical procedures, the growing incidences of infectious diseases, and the growing demand for disposables to avoid nosocomial infections.
This disposable hospital supplies market report extensively covers market segmentation by product (consumables and devices), application (cardiovascular, gynecology, and others), and geography (North America, Europe, Asia, and Rest of World (ROW)). It also includes an in-depth analysis of drivers, trends, and challenges. Furthermore, the report includes historic market data from 2017 to 2021.
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The increasing number of hospitalizations and surgical procedures are notably driving the market growth, although factors such as the environmental concerns associated with improper disposal of disposable hospital supplies may impede the market growth. Our researchers analyzed the data with 2022 as the base year, along with the key drivers, trends, and challenges. A holistic analysis of drivers will help companies refine their marketing strategies to gain a competitive advantage.
The increasing number of hospitalizations and surgical procedures is one of the key factors driving the growth of the global disposable hospital supplies market. In some cases, surgery is recommended by health care professionals as part of the treatment and management of various conditions such as cancer, malignancies, nervous system disorders, joint fractures, and cardiovascular disease. For instance, according to the data published by the CDC, in 2018, 30.3 million adults were diagnosed with heart disease in the US. The CDC also stated that in 2017, the number of visits to emergency departments due to various heart diseases, including ischemic heart disease, myocardial infarction, and coronary artery diseases, was 138.98 million.
Therefore, the increasing incidences of such chronic diseases and a high number of emergency visits propel the need for hospitalizations and surgical procedures. The high number of hospitalizations for surgical procedures drives the demand for various medical disposable supplies, such as suction catheters, surgical sponges, medical gloves, masks, hypodermic needles, and syringes. While some of these supplies are used during surgical procedures, others are used to prevent the transmission of infections.
The technological advances will fuel the global disposable hospital supplies market growth. The vendor focuses on developing advanced, high-quality medical disposables for a variety of medical and surgical procedures. Technological advances are helping them to increase the sophistication of their medical disposables, thereby expanding their product offerings. Providers use innovative technologies to improve the performance, durability, comfort, and ease of use of medical disposables. Vendors also invest in research and development activities to improve the quality of their products using diverse technologies.
For instance, B. Braun Melsungen developed Stimuplex Ultra 360, a next-generation echogenic stimulating needle for nerve blocks. The disposable needle was designed to provide improved visibility during an ultrasound procedure. Advanced echogenicity during an ultrasound, 360° visibility, and puncture consistency are the major factors that increased its adoption by healthcare professionals. Similarly, Ansell Ltd. is increasingly focusing on the R&D of advanced disposable surgical gloves. The company uses SENSOPRENE Technology to deliver a high degree of sensitivity with enhanced durability and optimum skin protection to the wearer. Such factors will increase the market growth during the forecast period.
The environmental concerns associated with the improper disposal of disposable hospital supplies are a major challenge for the market growth. Hospital waste is a by-product of various diagnostic and therapeutic procedures performed in hospitals. They can be dangerous, radioactive, infectious, or general in nature. Disposable hospital supplies, which must be discarded immediately after use, can contain a variety of infectious and hazardous materials when in contact with contaminated body fluids and chemicals. Disposal of such waste has a significant impact on the environment.
Moreover, according to the World Health Organization (WHO), risks such as sharp-inflicted injuries and pollution due to the release of toxic substances during incineration and radiation are mainly associated with the disposal hospital supplies. Therefore, the impact on the environment due to improper disposal of disposable hospital supplies may hamper the growth of the market to a certain extent during the forecast period.
The report includes the adoption lifecycle of the market, covering from the innovator’s stage to the laggard’s stage. It focuses on adoption rates in different regions based on penetration. Furthermore, the report also includes key purchase criteria and drivers of price sensitivity to help companies evaluate and develop their growth strategies.
Global Disposable Hospital Supplies Market Customer Landscape
Vendors are implementing various strategies, such as strategic alliances, partnerships, mergers and acquisitions, geographical expansion, and product/service launches, to enhance their presence in the market.
3M Co.: The company offers disposable hospital supplies such as bandages, hand antiseptics and surgical scrubs, and medical tapes and films.
The report also includes detailed analyses of the competitive landscape of the market and information about 15 market vendors, including:
Qualitative and quantitative analysis of vendors has been conducted to help clients understand the wider business environment as well as the strengths and weaknesses of key market players. Data is qualitatively analyzed to categorize vendors as pure play, category-focused, industry-focused, and diversified; it is quantitatively analyzed to categorize vendors as dominant, leading, strong, tentative, and weak.
The market share growth by the consumables segment will be significant during the forecast period. The consumables segment includes gloves, gowns, face masks, drapes, bandages and wraps, and surgical sponges. These products are mainly used for various surgical and non-surgical applications, including radiology, sterilization, dialysis, and wound care.
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The consumable segment was valued at USD 15.85 billion in 2017 and continue to grow by 2021. Disposable consumables are designed to act as a barrier to the transmission of infections in surgical and non-surgical procedures. These products are intended for hospital single use for increased safety and hygiene. Disposable masks, face masks and gloves are the most common disposable consumables used by healthcare workers. Vendors offer a wide range of disposable consumables. 3M Co. (3M) offers a variety of disposable masks and respirators for respiratory protection, thereby maintaining personal safety. The company provides fully resistant and disposable hospital supplies and surgical masks that are used as PPEs. Such factors will increase the segment's growth during the forecast period.
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North America is estimated to contribute 39% to the growth of the global market during the forecast period. Technavio’s analysts have elaborately explained the regional trends and drivers that shape the market during the forecast period. Increased incidence and prevalence of infectious diseases, increased surgical and diagnostic procedures, increased awareness of healthcare workers to prevent infections, stricter regulations to maintain the health and safety of hospital facilities, favor Governmental initiatives, and the presence of prominent providers are the main factors driving the growth of the North American disposable hospital supplies market.
In 2020, the COVID-19 pandemic had a positive impact on the disposable hospital supplies market in North America. However, in 2021, due to the vaccination drives, manufacturing of disposable hospital supplies has resumed, and the sales and demand have also increased. Moreover, the demand for disposable hospital supplies has influenced the efforts to reduce healthcare-associated infections such as central line-associated bloodstream infections (CLABSI), catheter-associated urinary tract infections (CAUTI), surgical site infections (SSI), and others. Healthcare providers are increasingly implementing infection control protocols, such as the use of disposable hospital supplies, to prevent the spread of infections within healthcare facilities. Such factors are expected to drive the growth of the regional disposable hospital supplies market during the forecast period.
The disposable hospital supplies market report forecasts market growth by revenue at global, regional & country levels and provides an analysis of the latest trends and growth opportunities from 2017 to 2027.
Technavio categorizes the global disposable hospital supplies market as a part of the global healthcare supplies market that primarily covers manufacturers of medical products, including all categories of supplies, such as consumables and disposables, including safety needles, syringes, and catheters. The parent global healthcare supplies market covers products and companies engaged in research and development (R&D) of a variety of product categories spanned across medical consumables that are used for the diagnosis and treatment of various diseases. Our market research report has extensively covered external factors influencing the parent market growth during the forecast period.
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Disposable Hospital Supplies Market Scope |
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Report Coverage |
Details |
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Page number |
162 |
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Base year |
2022 |
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Historic period |
2017-2021 |
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Forecast period |
2023-2027 |
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Growth momentum & CAGR |
Accelerate at a CAGR of 9.05% |
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Market growth 2023-2027 |
USD 21.49 billion |
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Market structure |
Fragmented |
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YoY growth 2022-2023(%) |
8.6 |
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Regional analysis |
North America, Europe, Asia, and Rest of World (ROW) |
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Performing market contribution |
North America at 39% |
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Key countries |
US, Canada, UK, Germany, and China |
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Competitive landscape |
Leading Vendors, Market Positioning of Vendors, Competitive Strategies, and Industry Risks |
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Key companies profiled |
3M Co., Ambu AS, Ansell Ltd., B. Braun Melsungen AG, Becton Dickinson and Co., Boston Scientific Corp., Cardinal Health Inc., Fresenius Medical Care AG and Co. KGaA, ICU Medical Inc., Medline Industries LP, Medtronic Plc, Nipro Corp., Semperit AG Holding, Smith and Nephew plc, Stryker Corp., Teleflex Inc., Terumo Group, Thermo Fisher Scientific Inc., Zhejiang Gongdong Medical Device Co. Ltd., and Zimmer Biomet Holdings Inc. |
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Market dynamics |
Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID-19 impact and recovery analysis and future consumer dynamics, Market condition analysis for the forecast period. |
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Customization purview |
If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized. |
We can help! Our analysts can customize this market research report to meet your requirements. Get in touch
1 Executive Summary
2 Market Landscape
3 Market Sizing
4 Historic Market Size
5 Five Forces Analysis
6 Market Segmentation by Product
7 Market Segmentation by Application
8 Customer Landscape
9 Geographic Landscape
10 Drivers, Challenges, and Trends
11 Vendor Landscape
12 Vendor Analysis
13 Appendix
Research Framework
Technavio presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources. The analysts have presented the various facets of the market with a particular focus on identifying the key industry influencers. The data thus presented is comprehensive, reliable, and the result of extensive research, both primary and secondary.
INFORMATION SOURCES
Primary sources
Secondary sources
DATA ANALYSIS
Data Synthesis
Data Validation
REPORT WRITING
Qualitative
Quantitative
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