The global disposable medical supplies market was valued at US$ 112.6 Bn in 2017 expanding at a CAGR of 6.2% from 2018 to 2026.
Market Insights
Disposable medical supplies market is poised to grow at a steady rate during the forecast period owing to the growing demand for medical supplies in the developed and developing countries. There is a growth in healthcare infrastructure in the developing economies such as India, Brazil, China and other countries in the Asia Pacific and Latin America. Moreover, according to the Organisation for Economic Co-operation and Development (OECD), Brazil and India have the lowest number of hospital beds per 100,000 population. Thus, this high unmet need will further drive the market in the market. The Asia Pacific emerged as the fastest growing market in the global disposable medical supplies market owing to the above factors. Other factors driving the market include a growing volume of surgeries in the market, growth in the prevalence of chronic diseases and growing medical tourism in the region. North America held the largest share in the global disposable medical supplies market owing to highly developed healthcare infrastructure, a growing geriatric population in the region and the rising number of ambulatory facilities in the region. Efficient reimbursement scenario in the U.S. and insurance scheme under the Patient Protection and Affordable Care Act have created a huge demand for disposable medical supplies in the region; thereby driving the market disposable medical supplies market.
The global disposable medical supplies market is attributed to growth during the forecast period owing to stringent infection control and prevention protocols for hospitals and other healthcare facilities. Growing cases of hospital-acquired infection have led to development for stringent safety protocols. According to the World Health Organization (WHO), infectious waste increases the risk of nosocomial infections to hospital personnel and patients. Centers for Disease Control and Prevention (CDC) suggests that surgical site infection have an occurrence of 300,000 cases per year, the second most prevalent hospital-acquired infection in the United States. Moreover, this also cost approximately US$ 10 billion annually, impacting significantly to the U.S. healthcare systems and population. Additionally, an increase in hospital admissions and outpatient visits drive demand for a number of infection prevention supplies, thereby driving the demand for disposable medical supplies market. The key players currently engaged in disposable medical supplies market include Medtronic PLC, B. Braun Melsungen AG, Becton Dickinson & Co., Baxter International, Inc., Johnson & Johnson, Inc., Abbott Laboratories, 3M Company, BSN Medical GmbH, Coloplast A/S, Cardinal Health, Inc., and Mölnlycke Health Care AB among others.
Key Market Movements
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Market Insights
Disposable medical supplies market is poised to grow at a steady rate during the forecast period owing to the growing demand for medical supplies in the developed and developing countries. There is a growth in healthcare infrastructure in the developing economies such as India, Brazil, China and other countries in the Asia Pacific and Latin America. Moreover, according to the Organisation for Economic Co-operation and Development (OECD), Brazil and India have the lowest number of hospital beds per 100,000 population. Thus, this high unmet need will further drive the market in the market. The Asia Pacific emerged as the fastest growing market in the global disposable medical supplies market owing to the above factors. Other factors driving the market include a growing volume of surgeries in the market, growth in the prevalence of chronic diseases and growing medical tourism in the region. North America held the largest share in the global disposable medical supplies market owing to highly developed healthcare infrastructure, a growing geriatric population in the region and the rising number of ambulatory facilities in the region. Efficient reimbursement scenario in the U.S. and insurance scheme under the Patient Protection and Affordable Care Act have created a huge demand for disposable medical supplies in the region; thereby driving the market disposable medical supplies market.
The global disposable medical supplies market is attributed to growth during the forecast period owing to stringent infection control and prevention protocols for hospitals and other healthcare facilities. Growing cases of hospital-acquired infection have led to development for stringent safety protocols. According to the World Health Organization (WHO), infectious waste increases the risk of nosocomial infections to hospital personnel and patients. Centers for Disease Control and Prevention (CDC) suggests that surgical site infection have an occurrence of 300,000 cases per year, the second most prevalent hospital-acquired infection in the United States. Moreover, this also cost approximately US$ 10 billion annually, impacting significantly to the U.S. healthcare systems and population. Additionally, an increase in hospital admissions and outpatient visits drive demand for a number of infection prevention supplies, thereby driving the demand for disposable medical supplies market. The key players currently engaged in disposable medical supplies market include Medtronic PLC, B. Braun Melsungen AG, Becton Dickinson & Co., Baxter International, Inc., Johnson & Johnson, Inc., Abbott Laboratories, 3M Company, BSN Medical GmbH, Coloplast A/S, Cardinal Health, Inc., and Mölnlycke Health Care AB among others.
Key Market Movements
- Growing infection control and prevention protocols set by global healthcare organizations
- Rising in the prevalence of chronic diseases and hospital admission globally
- Product innovation and raising awareness towards safety measures in the population
- Rapid growth in the healthcare sector in the Asia Pacific to drive the demand for disposable medical supplies market
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Table of Contents
Chapter 1. Preface
Chapter 2. Executive Summary
Chapter 3. Disposable Medical Supplies: Market Dynamics and Outlook
Chapter 4. Global Disposable Medical Supplies Market, by Product Type, 2016-2026 (US$ Bn)
Chapter 5. Global Disposable Medical Supplies Market, by Geography, 2016 – 2026 (US$ Bn)
Chapter 6. Company Profiles
List of Figures
List of Tables
Companies Mentioned
- Abbott Laboratories, Inc.
- Becton Dickinson & Company
- Baxter International Inc.
- BSN Medical GmbH
- Coloplast A/S
- Medtronic Plc
- B. Braun Melsungen AG
- Cardinal Health, Inc.
- 3M Company
- Johnson & Johnson, Inc.
- TERUMO MEDICAL CORPORATION
- Mölnlycke Health Care AB
- Teleflex Incorporated
- Advanced Medical Solutions Group Plc
- Domtar Corporation
