Disposable Medical Supplies Market by Type (Diagnostic Supplies, Dialysis Consumables, Radiology Consumables, Infusion Products, Intubation & Ventilation Supplies, Hypodermic Products, Sterilization Consumables, Nonwoven Medical Supplies, Wound Care Consumables, and Others), by Application (Cardiovascular, Cerebrovascular, Ophthalmology, Gynecology, Urology, Orthopedics, and Others), and by End User (Hospitals, Clinics/Physician Offices, Assisted Living Centers & Nursing Homes, Ambulatory Surgery Centers, and Research Institutes- Global Opportunity Analysis and Industry Forecast 2020-2030.
Industry: Healthcare | Publish Date: 07-Oct-2020 | No of Pages: 608 | No. of Tables: 350 | No. of Figures: 320 | Format: PDF | Report Code : N/A
Speak to Our Analyst
Market Definition
The global Disposable Medical Supplies Market was valued at USD 28.86 billion in 2019 and is predicted to reach USD 55.93 billion by 2030 with a CAGR of 6.2% from 2020-2030.
Disposable medical supplies consist of various medical products and consumables that are intended for temporary use such as gloves, masks, syringes, bandages, surgical sponges and gowns. These products help in reducing hospital-acquired infection, prevent contamination and save staff time. Due to these benefits, along with their reliability, shelf life, ease of use, and performance, disposable medical supplies are widely used in hospitals, nursing homes, ambulatory surgery centers and research institutes.
Market Dynamics and Trends
Surge in the demand for disposable devices to prevent contamination, growing incidences of chronic and transmissive diseases along with increasing number of healthcare facilities across the world are major factors driving the growth of the disposable medical supplies market. Also, rising awareness towards maintaining hygiene and low cost of disposable products are some of the factors boosting the market growth during the forecast period.
Moreover, the sudden outbreak of COVID-19 across the world has drastically increased the demand of disposal supplies. For example, governments in most countries have mandated wearing of masks in order to prevent the transmission of the virus, which in turn is driving the growth of disposable mask market. In addition, the rollout of Covid-19 vaccination has resulted into the surging demand of syringes, propelling the growth of disposable medical supplies market.
However, rising environmental concern due to the disposal of medical wastes hampers the market growth. On the contrary, increasing investment by the government to improve healthcare infrastructure and emergence of robot assisted surgeries are expected to create lucrative growth opportunities for the market players in the coming years.
Market Segmentations and Scope of the Study
The global disposable medical supplies market report is segmented on the basis of type, application, end-user and geography. On the basis of type the market is categorized into diagnostic supplies, dialysis consumables, radiology consumables, infusion products, intubation & ventilation supplies, hypodermic products, sterilization consumables, nonwoven medical supplies, wound care consumables, and other medical supplies. The diagnostic supplies segment is further sub segmented into glucose monitoring strips, blood collection consumables and diagnostic catheters. The infusion product is further sub-divided into smart syringes and prefilled syringes. The nonwoven medical supplies segment is further classified into incontinence products and surgical nonwoven products. The wound care consumables are also divided into infection management, exudate management, and negative pressure wound therapy devices (NPWT). On the basis of application, the market is bifurcated into cardiovascular, cerebrovascular, ophthalmology, gynecology, urology, orthopedics, and others. On the basis of end-user, the market is classified into hospitals, clinics/physician offices, assisted living centers & nursing homes, ambulatory surgery centers, and research institutes. Geographic breakdown and analysis of each of the aforesaid segments includes regions comprising of North America, Europe, Asia-Pacific, and RoW.
Geographical Analysis
North America holds the lion share of disposable medical supplies market. This is attributed to factors including large-scale investment by the government to upgrade the healthcare facilities, increasing consumer awareness towards hygiene and development of advanced technology such as temperature resistant and puncture proof gloves.
However, Asia Pacific is expected to witness the highest growth rate during the forecast period. The growth is most likely to be fueled by the growing healthcare expenditure, demand for low-cost disposable medical supplies, increasing prevalence of infectious diseases including covid-19, and the large population as well as patient pool in Asia-Pacific.
Competitive Landscape
The disposable medical supplies industry is highly competitive and consists of major players such as Abbott Laboratories, Bayer AG, Becton, Becton, Dickinson and Company. B Braun Melsungen AG, Medtronic Plc, Cardinal Health, Inc., 3M Company, Domtar Corporation, Smiths Group Plc. (Smiths-Medical), and Terumo Medical Corporation. Due to the spread of COVID-19 virus, the demand for masks, gloves and syringes has drastically increased. In order to address this increased demand, leading market players have been focusing on aggressive mergers and acquisitions.
For instance, in July 15, 2020, Smiths Group plc., entered into a partnership with BARDA and JPEO-CBRND that includes $20 million investment for increasing the production of syringes and needles to support Operation Speed vaccine program of the U.S government. Also, in April 7, 2020, 3M Company had entered into an agreement with the U.S. government for the supply of 166.5 million N95 mask for healthcare workers.
Key Benefits
-
The global disposable medical supplies market report provides the quantitative analysis of the current market and estimations through 2020-2030 that assists in identifying the prevailing market opportunities to capitalize on.
-
The study comprises a deep dive analysis of the global market trend including the current and future trends for depicting the prevalent investment pockets in the market.
-
The information related to key drivers, restraints and opportunities and their impact on the global market is provided in the report.
-
The competitive analysis of the market players along with their market share in the global disposable medical supplies market.
-
The SWOT analysis and Porters Five Forces model is elaborated in the study.
-
Value chain analysis in the market study provides a clear picture of the stakeholders’ roles.
Disposable Medical Supplies Market Key Segments
By Type
-
Diagnostic Supplies
-
Glucose Monitoring Strips
-
Blood Collection Consumables
-
Diagnostic Catheters
-
-
Dialysis Consumables
-
Radiology Consumables
-
Infusion Products
-
Smart Syringes
-
Prefilled Syringes
-
-
Intubation & Ventilation Supplies
-
Hypodermic Products
-
Sterilization Consumables
-
Nonwoven Medical Supplies
-
Incontinence Products
-
Surgical Nonwoven Products
-
-
Wound Care Consumables
-
Infection Management
-
Exudate Management
-
Negative Pressure Wound Therapy Devices (NPWT)
-
-
Others
By Application
-
Cardiovascular
-
Cerebrovascular
-
Ophthalmology
-
Gynecology
-
Urology
-
Orthopedics
-
Others
By End-User
-
Hospitals
-
Clinics/Physician Offices
-
Assisted Living Centers & Nursing Homes
-
Ambulatory Surgery Centers
-
Research Institutes
By Region
-
North America
-
U.S
-
Canada
-
Mexico
-
-
Europe
-
UK
-
Germany
-
France
-
Spain
-
Rest of Europe
-
-
Asia-Pacific
-
China
-
India
-
Japan
-
Australia
-
Rest of Asia-Pacific
-
-
RoW
-
Latin America
-
Middle East
-
Africa
-
Report Scope and Segmentation
|
Parameters |
Details |
|
Analysis Period |
2019–2030 |
|
Base Year Considered |
2020 |
|
Forecast Period |
2020–2030 |
|
Market Size Estimation |
Billion (USD) |
|
Market Segmentation |
By Type (Diagnostic Supplies, Dialysis Consumables, Radiology Consumables, Infusion Products, Intubation & Ventilation Supplies, Hypodermic Products, Sterilization Consumables, Nonwoven Medical Supplies, Wound Care Consumables) By Application (Cardiovascular, Cerebrovascular, Ophthalmology, Gynecology, Urology, Orthopedics, Other Application) By End User (Hospitals, Clinics/Physician offices, Assisted Living Centers & Nursing Homes, Ambulatory Surgery Centers, Research Institutes) |
|
Geographical Segmentation |
North America (U.S., Canada, Mexico) Europe (UK, France, Germany, Spain, Rest of Europe), Asia-Pacific (China, Japan, India, Australia, South Korea, Rest of APAC), RoW (Latin America, Middle East, Africa) |
|
Companies Profiled |
Abbott Laboratories, Bayer AG, Becton, Becton, Dickinson and Company. B Braun Melsungen AG, Medtronic Plc, Cardinal Health, Inc., 3M Company, Domtar Corporation, Smiths Group Plc. (Smiths-Medical), and Terumo Medical Corporation. |
KEY PLAYERS
-
Abbott Laboratories
-
Bayer AG
-
Becton, Dickinson and Company
-
B. Braun Melsungen AG
-
Medtronic Plc
-
Cardinal Health, Inc.
-
3M Company
-
Domtar Corporation
-
Smiths Group Plc.
-
Terumo Medical Corporation
At Next Move Strategy Consulting, we understand that insightful market research is the cornerstone of successful business decisions. That's why we employ a robust and multifaceted approach, combining various methodologies to deliver the most accurate and actionable data for our clients.
Research Landscape
We navigate the world of research with two primary approaches:
Qualitative Approach
Our qualitative research methodologies involve immersive techniques such as in-depth interviews, focus groups, and observational studies. By engaging directly with individuals and stakeholders, we uncover valuable insights that quantitative data alone may overlook.
Quantitative Research
In tandem with qualitative methodologies, NMSC leverages the power of Quantitative Research to provide a robust foundation of numerical insights. Through systematic data collection and analysis, we quantify patterns, preferences, and market trends, offering a comprehensive view of the business landscape.
Our quantitative research approach employs diverse tools, including surveys, experiments, and statistical modelling. These methodologies enable us to gather data from a large and representative sample, ensuring the statistical significance of our findings. By employing structured questionnaires and standardized data collection methods, we guarantee the reliability and validity of the information we present to our clients.
Quantitative research is particularly effective in measuring the prevalence of trends, assessing market size, and gauging the impact of various factors on consumer behavior. The numerical precision attained through this approach equips our clients with actionable insights, facilitating data-driven decision-making and strategy formulation.
Our Specialized Toolbox for Industry-Specific Market Research
We deploy a specialized arsenal of techniques tailored to meet your unique requirements. Here's a glimpse into our comprehensive toolbox:
Information Procurement
The stage entails acquiring market data or relevant information through various sources and methodologies.
Market Research Approach
We utilize both top-down and bottom-up approaches in market research analysis to achieve a comprehensive understanding of the market dynamics, leveraging the broad perspective of industry trends and macroeconomic factors alongside detailed insights from specific segments and individual companies.
Porters Five Forces Analysis
We conduct Porter's Five Forces analysis to evaluate the competitive landscape of an industry, providing us with insights into factors that affect profitability and strategic positioning.
SWOT Analysis
We conduct SWOT analysis to understand market trends, identify potential threats, capitalize on opportunities, and assess our strengths and weaknesses.
Forecasting
We utilize a forecasting model to predict future consumption by considering parameters like population, economics, regulations, market competition, drivers, constraints, technology, and pricing. We also employ statistical techniques such as multilinear regression, exponential smoothing, moving average, ARIMA, and Monte Carlo simulations for accurate predictions. In econometric forecasting, we analyzed short-term and long-term event impacts, attributing values based on regulatory frameworks, economic factors, and market events.
Frequently Asked Questions
Download Free Sample
Related Report
Related Blogs
How Top Players are Fueling the Medical Spa Market’s Explosive Growth
The medical spa market is experiencing more than double grow...
Acne Medication: Clinically Proven Results
INTRODUCTION Acne is a form of skin disorder in which the hair follicles clog up with oil and dead skin cells. There are two ty...
Top 5 Trends in Healthcare Industry
The healthcare industry, also known as the medical or health economy industry, is an integration of sectors that provides goods an...
