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
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
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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.
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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.
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The information related to key drivers, restraints and opportunities and their impact on the global market is provided in the report.
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The competitive analysis of the market players along with their market share in the global disposable medical supplies market.
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The SWOT analysis and Porters Five Forces model is elaborated in the study.
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Value chain analysis in the market study provides a clear picture of the stakeholders’ roles.
Disposable Medical Supplies Market Key Segments
By Type
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Diagnostic Supplies
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Glucose Monitoring Strips
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Blood Collection Consumables
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Diagnostic Catheters
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Dialysis Consumables
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Radiology Consumables
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Infusion Products
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Smart Syringes
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Prefilled Syringes
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Intubation & Ventilation Supplies
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Hypodermic Products
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Sterilization Consumables
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Nonwoven Medical Supplies
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Incontinence Products
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Surgical Nonwoven Products
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Wound Care Consumables
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Infection Management
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Exudate Management
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Negative Pressure Wound Therapy Devices (NPWT)
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Others
By Application
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Cardiovascular
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Cerebrovascular
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Ophthalmology
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Gynecology
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Urology
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Orthopedics
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Others
By End-User
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Hospitals
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Clinics/Physician Offices
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Assisted Living Centers & Nursing Homes
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Ambulatory Surgery Centers
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Research Institutes
By Region
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North America
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U.S
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Canada
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Mexico
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Europe
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UK
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Germany
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France
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Spain
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Rest of Europe
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Asia-Pacific
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China
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India
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Japan
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Australia
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Rest of Asia-Pacific
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RoW
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Latin America
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Middle East
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Africa
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Report Scope and Segmentation
|
Parameters |
Details |
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Analysis Period |
2019–2030 |
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Base Year Considered |
2020 |
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Forecast Period |
2020–2030 |
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Market Size Estimation |
Billion (USD) |
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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) |
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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) |
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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
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Abbott Laboratories
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Bayer AG
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Becton, Dickinson and Company
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B. Braun Melsungen AG
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Medtronic Plc
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Cardinal Health, Inc.
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3M Company
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Domtar Corporation
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Smiths Group Plc.
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Terumo Medical Corporation
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