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Medical Disposables - Global Market Trajectory & Analytics

  • ID: 5141622
  • Report
  • February 2022
  • Region: Global
  • 403 Pages
  • Global Industry Analysts, Inc

FEATURED COMPANIES

  • 3M Company
  • B. Braun Melsungen AG
  • Cardinal Health, Inc.
  • Gerresheimer AG
  • Medtronic plc
  • Smiths Medical, Inc.

Global Medical Disposables Market to Reach $501.8 Billion by 2026


Medical disposable products are mainly used in patient examination, diagnostic testing, sterilization, fluid and drug delivery, surgery, wound management, and incontinence management, primarily as a means of reducing patient discomfort. The global market is growing at a rapid rate, driven by the increasing cases of chronic diseases that require longer hospital admissions, growing number of surgical procedures, increase in incidences of Hospital Acquired Infections (HAIs), and above all, the impact of the outbreak of the COVID-19 pandemic across the globe. Continued emphasis on relatively higher number of patient admissions and widespread COVID-19 testing programs across the world are among the major factors that enabled the medical disposables market to maintain a progressive momentum. Although the overall growth in the market remained positive, the surgical instruments & supplies and infusion & hypodermic devices segments took a beating as number of surgeries performed and volume of associated services provided remained lower, especially during the first two quarters. Another driving factor for the growth of the medical disposables market is the increasing geriatric population across the world.

Amid the COVID-19 crisis, the global market for Medical Disposables estimated at US$294.4 Billion in the year 2020, is projected to reach a revised size of US$501.8 Billion by 2026, growing at a CAGR of 8.9% over the analysis period. Surgical Instruments & Supplies, one of the segments analyzed in the report, is projected to grow at a 5.4% CAGR to reach US$57.1 Billion by the end of the analysis period. After a thorough analysis of the business implications of the pandemic and its induced economic crisis, growth in the Bandages & Wound Dressings segment is readjusted to a revised 6.1% CAGR for the next 7-year period. This segment currently accounts for a 10.5% share of the global Medical Disposables market. Steered by robust increase in wound care requirements in verticals such as surgical wounds, trauma, lacerations, diabetic ulcers, venous ulcers, burns, and pressure ulcers, demand for various traditional wound dressings such as gauzes, bandages, body netting, cohesive wraps, composite dressings, and non-adherent dressings, exhibited progressive growth.



The U.S. Market is Estimated at $86.4 Billion in 2021, While China is Forecast to Reach $73.5 Billion by 2026


The Medical Disposables market in the U.S. is estimated at US$86.4 Billion in the year 2021. The country currently accounts for a 24.67% share in the global market. China, the world`s second largest economy, is forecast to reach an estimated market size of US$73.5 Billion in the year 2026 trailing a CAGR of 10.3% through the analysis period. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 7.4% and 7.9% respectively over the analysis period. Within Europe, Germany is forecast to grow at approximately 8.7% CAGR while Rest of European market (as defined in the study) will reach US$79.9 Billion by the end of the analysis period. US dominates market growth due to increasing number of surgeries performed in this region and the presence of major market players. Additionally, the US witnessed significant increase in the number of COVID-19-affected patients, which boosted the demand for medical disposables. Other factors driving demand include established healthcare infrastructure; increased healthcare spending; large patient pool; government initiatives; increasing awareness about cross-contamination and infection control in healthcare and medical fields; and higher rates of advanced technology adoption. In Asia-Pacific, growth is set to be driven by the increasing geriatric population and rising incidence of cardiovascular diseases. The presence of several major players engaged in the development of medical disposable products in countries such as Japan and India are expected to boost Asia Pacific`s medical disposables market growth.

Infusion & Hypodermic Devices Segment to Reach $38 Billion by 2026


In the global Infusion & Hypodermic Devices segment, USA, Canada, Japan, China and Europe will drive the 4.6% CAGR estimated for this segment. These regional markets accounting for a combined market size of US$21.8 Billion in the year 2020 will reach a projected size of US$30 Billion by the close of the analysis period. China will remain among the fastest growing in this cluster of regional markets. Led by countries such as Australia, India, and South Korea, the market in Asia-Pacific is forecast to reach US$4.3 Billion by the year 2026, while Latin America will expand at a 5.3% CAGR through the analysis period.

Select Competitors (Total 87 Featured) -

  • 3M Company
  • Ansell Limited
  • B. Braun Melsungen AG
  • Bayer AG
  • Becton, Dickinson and Company
  • Boston Scientific Corporation
  • Cardinal Health, Inc.
  • ConvaTec Group plc
  • Gerresheimer AG
  • Johnson & Johnson Services, Inc.
  • Medline Industries, Inc.
  • Medtronic plc
  • Smith & Nephew plc
  • Smiths Medical, Inc.
  • Steris Corporation
Frequently Asked Questions about the Global Market for Medical Disposables

What is the estimated value of the Global Market for Medical Disposables?

The Global Market for Medical Disposables was estimated to be valued at $294.4 Billion in 2020.

What is the growth rate of the Global Market for Medical Disposables?

The growth rate of the Global Market for Medical Disposables is 9.3%, with an estimated value of $501.8 Billion by 2026.

What is the forecasted size of the Global Market for Medical Disposables?

The Global Market for Medical Disposables is estimated to be worth $501.8 Billion by 2026.

Who are the key companies in the Global Market for Medical Disposables?

Key companies in the Global Market for Medical Disposables include 3M Company, Ansell Limited, B. Braun Melsungen AG, Bayer AG, Becton, Dickinson and Company, Boston Scientific Corporation, Cardinal Health, Inc., ConvaTec Group plc and Johnson & Johnson Services, Inc..
Note: Product cover images may vary from those shown

FEATURED COMPANIES

  • 3M Company
  • B. Braun Melsungen AG
  • Cardinal Health, Inc.
  • Gerresheimer AG
  • Medtronic plc
  • Smiths Medical, Inc.

I. METHODOLOGY


II. EXECUTIVE SUMMARY

1. MARKET OVERVIEW

  • Medical Disposables – Global Key Competitors Percentage Market Share in 2022 (E)
  • Competitive Market Presence - Strong/Active/Niche/Trivial for 87 Players Worldwide in 2022 (E)
  • Impact of Covid-19 and a Looming Global Recession
  • Impact of COVID-19 on Select Segments
  • Surgical Instruments & Supplies
  • COVID-19 Induced YOY Decline in Heart Surgery Volumes in the US in 2020
  • Respiratory Disposable Devices
  • Diagnostic & Laboratory Disposables
  • Disposable Face Masks
  • Medical Disposables: A Prelude
  • Global Medical Disposables to Grow at a Rapid Rate
  • US Dominates the Medical Disposables Market, Asia-Pacific to Witness Fastest Growth
  • Competition
  • Mobilization Efforts by Private Tech Companies to Combat Medical Supplies Shortage during COVID-19
  • Recent Market Activity

2. FOCUS ON SELECT PLAYERS

3. MARKET TRENDS & DRIVERS

  • Increasing Prevalence of Chronic Disorders and Rise in Surgical Procedures Fuels Market Growth
  • Worldwide Prevalence of Diabetes: Number of Adults (20-79) with Diabetes (in Millions) by Region for 2017 and 2045
  • Growing Threat of Hospital-Acquired Infections Spurs Demand for Medical Disposables
  • Leading Nosocomial Infections in the US: Percentage Breakdown of Healthcare Cost by Infection Type
  • Surgical Site Infections Per 100 Procedures for the Period 2014-2018
  • Increasing Healthcare Expenditure to Foster Market Growth
  • Global Population Statistics for the 65+ Age Group in Million by Geographic Region for the Years 2019, 2025, 2035 and 2050
  • World Healthcare Expenditure (In US$ Trillion) for the Years 2016 & 2018
  • Per Capita Healthcare Expenditure (in $) by Select Countries for 2018
  • Bandages & Wound Dressings Market to Exhibit Significant Growth
  • Prevalence and Incidence of Wounds: Select Statistics
  • Healing Time by Type of Wound (in Days)
  • Chronic Wounds: Select Statistics
  • Adhesive Bandages Explore Novel Design Variations
  • Smart Bandages Gain Interest
  • Diagnostic & Laboratory Disposables Registers Burgeoning Growth
  • Global COVID-19 Testing Market Breakdown by Testing Type: 2020 and 2027
  • Emergence of PCR as a Preferred COVID-19 Detection Method
  • Nonwoven Medical Disposables
  • Rise in Air Pollution Levels Trigger the Demand for Face Masks
  • World Ranking of Most Polluted Countries: 2018
  • Percentage Share Breakdown of Global Deaths Linked to Air Pollution
  • Designers Revamp Face Masks into a Fashion Accessory

4. GLOBAL MARKET PERSPECTIVE


III. MARKET ANALYSIS

UNITED STATES

  • Medical Disposables Market Presence - Strong/Active/Niche/Trivial - Key Competitors in the United States for 2022 (E)

CANADA

JAPAN

  • Medical Disposables Market Presence - Strong/Active/Niche/Trivial - Key Competitors in Japan for 2022 (E)

CHINA

  • Medical Disposables Market Presence - Strong/Active/Niche/Trivial - Key Competitors in China for 2022 (E)

EUROPE

  • Medical Disposables Market Presence - Strong/Active/Niche/Trivial - Key Competitors in Europe for 2022 (E)

FRANCE

  • Medical Disposables Market Presence - Strong/Active/Niche/Trivial - Key Competitors in France for 2022 (E)

GERMANY

  • Medical Disposables Market Presence - Strong/Active/Niche/Trivial - Key Competitors in Germany for 2022 (E)

ITALY

UNITED KINGDOM

  • Medical Disposables Market Presence - Strong/Active/Niche/Trivial - Key Competitors in the United Kingdom for 2022 (E)

SPAIN


RUSSIA


REST OF EUROPE

ASIA-PACIFIC

  • Medical Disposables Market Presence - Strong/Active/Niche/Trivial - Key Competitors in Asia-Pacific for 2022 (E)

AUSTRALIA

  • Medical Disposables Market Presence - Strong/Active/Niche/Trivial - Key Competitors in Australia for 2022 (E)

INDIA

  • Medical Disposables Market Presence - Strong/Active/Niche/Trivial - Key Competitors in India for 2022 (E)

SOUTH KOREA


REST OF ASIA-PACIFIC

LATIN AMERICA

  • Medical Disposables Market Presence - Strong/Active/Niche/Trivial - Key Competitors in Latin America for 2022 (E)

ARGENTINA


BRAZIL


MEXICO


REST OF LATIN AMERICA

MIDDLE EAST

  • Medical Disposables Market Presence - Strong/Active/Niche/Trivial - Key Competitors in Middle East for 2022 (E)

IRAN


ISRAEL


SAUDI ARABIA


UNITED ARAB EMIRATES


REST OF MIDDLE EAST

AFRICA

  • Medical Disposables Market Presence - Strong/Active/Niche/Trivial - Key Competitors in Africa for 2022 (E)

IV. COMPETITION

  • Total Companies Profiled: 87
Note: Product cover images may vary from those shown

A selection of companies mentioned in this report includes:

  • 3M Company
  • Ansell Limited
  • B. Braun Melsungen AG
  • Bayer AG
  • Becton, Dickinson and Company
  • Boston Scientific Corporation
  • Cardinal Health, Inc.
  • ConvaTec Group plc
  • Gerresheimer AG
  • Johnson & Johnson Services, Inc.
  • Medline Industries, Inc.
  • Medtronic plc
  • Smith & Nephew plc
  • Smiths Medical, Inc.
  • Steris Corporation
Note: Product cover images may vary from those shown