Disposable Medical Supplies Market to Grow at 6.2% CAGR by 2030
Increasing demand of disposable items to avoid transmission of infectious diseases and growing awareness towards hygiene among citizens are the factors driving the disposable medical supplies market growth globally.
The Global Disposable Medical Supplies Market is expected to grow at a CAGR of 6.2% from 2020-2030, according to a new research report by Next Move Strategy Consulting.
Disposable supplies are widely used in medical sector to reduce the spread of infection and save time of hospital staffs. Due to the one-time usage and easy disposal, these supplies are considered to be the most utilized supplies for ensuring hospital safety. Some of the commonly used disposable supplies include syringes, bandages, gloves and surgical masks. The growth of disposable medical supplies market is gaining momentum due to the spread of infectious diseases like covid-19 virus and growing awareness towards hygiene. However, adverse impact on the environment due to the disposal of such supplies in tonnes is expected to hamper the growth of the market.
Based on type, the disposable medical supplies market is segmented 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 also 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). Based on application, the market is classified into cardiovascular, cerebrovascular, ophthalmology, gynaecology, urology, orthopedics, and others. Based on end-user, the market is divided into hospitals, clinics/physician offices, assisted living centres & nursing homes, ambulatory surgery centres, and research institutes. Based on geography Disposable Medical Supplies market is segmented into North America, Europe, Asia-Pacific, and RoW.
Recent analysis indicates that North America holds the lion share of disposable medical supplies market due to increasing investment for enhancing the healthcare facility, rising consumer awareness towards hygiene and introduction of advanced products such as temperature resistant and puncture proof gloves. However, Asia Pacific is also expected to witness significant market growth owing to the factors such as 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.
Browse key industry insight from the report, “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, Gynaecology, Urology, Orthopedics, and Others), and by End User (Hospitals, Clinics/Physician Offices, Assisted Living Centers & Nursing Homes, Ambulatory Surgery Centres, and Research Institutes)- Global Opportunity Analysis and Industry Forecast 2020-2030.”
According to the report, some of the key players of disposable medical supplies market are Abbott Laboratories, Bayer AG, Becton, Dickinson and Company, Cardinal Health Incorporated, Domtar Corporation, Medtronic plc, 3M Company, Braun (B.) Melsungen AG, Terumo Corporation, Smiths Group plc., Bard (CR) In Corporated, BarrierSafe Solutions International, Cederroth Intressenter AB, Johnson & Johnson, Ansell Limited, Teleflex Incorporated, Derma Sciences Incorporated, and Centaur Guernsey LP Incorporated.
Key Insights from the Global Disposable Medical Supplies Market Report:
- Current emerging trends and opportunities are extensively analysed in disposable medical supplies market report.
- The forecast of the disposable medical supplies market comes along with additional information associated with opportunities, restrains and key drivers in the market.
The report disposable medical supplies market- segmented by type, application, end-user and geography.
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