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The global disposable medical supplies market size is estimated to grow by USD 604.17 billion at a CAGR of 17.3% between 2023 and 2028.
The surge in hospital visits, driven by the escalating prevalence of lifestyle and chronic diseases like cancer, cardiovascular diseases (CVDs), diabetes, chronic obstructive pulmonary diseases (COPDs), and others, is fostering the demand for disposable medical supplies. Conditions like COPD often necessitate hospitalization, where various disposable items such as syringes, needles, and oxygen masks are crucial for patient monitoring and treatment. With a substantial number of emergency visits and surgical procedures, the disposable medical supplies market is witnessing growth. The need for these supplies extends beyond surgeries, encompassing infection prevention measures. The upward trajectory is further driven by a rising number of hospitalizations linked to chronic diseases, emphasizing the market's expansion during the forecast period.
Technavio has segmented the market into Type, End-user, and Geography
It also includes an in-depth analysis of drivers, trends, and challenges. Our report examines historical data from 2018-2022, besides analyzing the current market scenario.
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The market share growth by the gloves segment will be significant during the forecast period. Factors like rising concerns about hygiene and safety from HAIs, an increasing number of surgeries, and widespread availability and affordability of disposable medical gloves are the major drivers that are driving the growth of the gloves segment in the disposable medical supplies market. Addressing hygiene and safety concerns in healthcare is imperative to prevent HAIs.
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The gloves segment was the largest and was valued at USD 82.99 billion in 2018. HAIs occur in hospitals, long-term care, home care, and ambulatory care due to various factors such as the increasing number of morbidities and mortality rates, the transmission of drug-resistant bacteria, prolonged duration of hospital stays, disease outbreaks, and the prevalence of poor infection-control practices. Furthermore, the use of PPE, including gloves, by healthcare professionals to reduce occupational infection transmission is essential. Moreover, the demand for disposable medical gloves during medical examinations and surgical procedures to prevent cross-contamination between caregivers and patients is high due to the widespread availability, ease of use, and affordability of disposable medical gloves. Therefore, the widespread availability and affordability drive the growth of the gloves segment, which in turn is anticipated to propel the growth of the market during the forecast period.
Hospitals and clinics are the major stakeholders of healthcare facilities, providing both surgical and non-surgical healthcare services. Hygiene and safety measures are one of the major priorities. As a result, the demand for disposable medical supplies such as gloves, face masks, drapes, bed sheets, syringes, and surgical instruments is high among hospitals and clinics. Further, the number of emergency room (ER) visits in hospitals is increasing. According to the Centers for Disease Control and Prevention (CDC), in 2021, there were about 130.0 million visits to the ER, and the number of visits to the emergency department that resulted in critical care unit admission was 2.3 million in the US. This growing number of ER visits is expected to increase the demand for disposable medical supplies in hospitals and clinics during the forecast period.
Ambulatory surgery centers (ASCs) provide surgical treatment in outpatient settings, which reduces the cost burden on individuals. These surgeries generally do not require an overnight stay of a patient at the hospital. ASCs have a limited number of suppliers and often require third-party laboratory testing support and medical equipment for their healthcare services. Moreover, the risk of contamination is high, which increases the demand for products such as drapes, sheets, gloves, and face masks, which are discarded after a single use to prevent the spread of diseases. In July 2020, ASCs were launched by Stryker in the US. These facilities had the potential to save the US healthcare system about USD 55 billion annually. This swift change in the location of care is anticipated to last for the foreseeable future in the post-pandemic environment. Such measures by governmental bodies are expected to accelerate the development of the global disposable medical supplies market 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 will shape the market during the forecast period. The primary factors propelling the growth of the disposable medical supplies market in North America are the rising incidences and prevalence of infectious diseases, the rise in surgical and diagnostic procedures, the increasing awareness among healthcare professionals to prevent infections, the strict regulations to maintain hygiene and safety at hospital facilities, supportive government initiatives, and the presence of well-known companies. Further, the demand for disposable medical supplies is positively impacted by effective government actions to stop infections and ensure safety in healthcare institutions.
For instance, the US Department of Health and Human Services (HHS) launched a five-year HAI Action Plan to manage HAIs in various US hospitals. This considerably raised the demand for various disposable medical products for usage during various medical and surgical operations to prevent HAIs. Additionally, the Trump Administration asked the US Congress for USD 2.5 million in March 2020 to manage the massive COVID-19 outbreak. Such government actions are anticipated to fuel the expansion of the North American market for disposable medical supplies during the forecast period.
Companies 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. The report also includes detailed analyses of the competitive landscape of the market and information about 20 market companies, including:
3M Co. - The company offers disposable medical supplies such as 3M Aura respirator and surgical masks, 3M Bair Hugger Warming Blanket, 3M Standard Tie-On surgical masks, and others.
Qualitative and quantitative analysis of companies 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 companies as pure play, category-focused, industry-focused, and diversified; it is quantitatively analyzed to categorize companies as dominant, leading, strong, tentative, and weak.
There are multiple factors influencing market market growth analysis. Our researchers analyzed the data with 2023 as the base year, along with the key drivers, market trends and analysis, and challenges.
The growing need for disposable medical suppliers is notably driving the market growth. The preference for disposable medical supplies, including items like anesthesia face masks, over reusable alternatives is on the rise among end-users, primarily motivated by the imperative to curb infection spread. Single-use medical supplies offer a lower risk of infection transmission between patients compared to reusable ones, as they eliminate the need for reprocessing. Improper reprocessing of reusable devices may lead to cross-contamination, with reprocessing agents unable to reach intricate parts of the device.
However, compliance with regulatory standards from agencies like the FDA and OSHA further propels the global market for disposable medical supplies, as institutions increasingly adopt preventive measures, including disposable items, to mitigate infection risks during medical procedures. International endorsements, such as those from the Association of Anesthetists of Great Britain and Ireland, contribute to the widespread adoption of disposable devices, driving market growth during the forecast period.
The growing medical tourism industry in developing countries is an emerging trend shaping the market growth. The burgeoning trend of medical tourism in developing countries such as India, Brazil, China, Indonesia, South Africa, and others is poised to exert a substantial impact on the growth of the global market. For instance, according to the Indian Government, in 2020, the Indian medical tourism market reached a valuation of USD 2.89 billion, and projections indicate a substantial growth trajectory, expected to reach USD 13.42 billion by 2026.
However, as patients increasingly seek cost-effective and high-quality healthcare services, particularly for complex medical procedures, developing countries have become attractive destinations for medical tourism. Thus, the growing medical tourism industry in developing countries is expected to drive the growth of the global disposable medical supplies market during the forecast period.
The increasing number of recalls of disposable medical supplies is a significant challenge hindering the market growth. Disposable medical supplies are mainly used by end-users, such as hospitals, clinics, ambulatory surgical centers, and diagnostic laboratories, among others. The use of these supplies depends on their demand during a medical procedure. The development of hospital supplies is followed by trials to get approval for its commercialization in the market. Issues related to product designs or labeling can lead to product recalls.
In addition, manufacturing defects, technical errors, and design faults in products are expected to lead to improper treatment during the forecast period. An increase in product recalls is expected to hinder the market growth and trends of the health supplies market, including the global disposable medical supplies market, during the market forecast period.
The market 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 market analysis and report also includes key purchase criteria and drivers of price sensitivity to help companies evaluate and develop their market research and growth strategies along with market growth and forecasting
Global Disposable Medical Supplies Market Customer Landscape
The disposable medical 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 2018 to 2028
Disposable Medical Supplies Market Scope |
|
Report Coverage |
Details |
Page number |
176 |
Base year |
2023 |
Historic period |
2018-2022 |
Market forecasting period |
2024-2028 |
Growth momentum & CAGR |
Accelerate at a CAGR of 17.3% |
Market Growth 2024-2028 |
USD 604.17 billion |
Market structure |
Fragmented |
YoY growth 2023-2024(%) |
16.87 |
Regional analysis |
North America, Europe, Asia, and Rest of World (ROW) |
Performing market contribution |
North America at 39% |
Key countries |
US, Canada, Germany, France, and China |
Competitive landscape |
Leading Companies, Market Positioning of Companies, Competitive Strategies, and Industry Risks |
Key companies profiled |
3M Co., Ambu AS, Ansell Ltd., B.Braun SE, Becton Dickinson and Co., Cardinal Health Inc., Fresenius SE and Co. KGaA, GPC Medical Ltd., ICU Medical Inc., Johnson and Johnson, Medline Industries LP, Medtronic Plc, Molnlycke Health Care AB, Smith and Nephew plc, Stryker Corp., Teleflex Inc., Terumo Corp., Zhejiang Gongdong Medical Device Co. Ltd., Nipro Corp., and Semperit AG Holding |
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. |
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. |
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