GVR Report cover Medical Disposables Market Size, Share & Trends Report

Medical Disposables Market Size, Share & Trends Analysis Report By Product (Wound Management Products, Drug Delivery Products), By Raw Material (Plastic Resin, Nonwoven Material), By End-use, By Region, And Segment Forecasts, 2021 - 2028

  • Published Date: Sep, 2021
  • Base Year for Estimate: 2020
  • Report ID: GVR-1-68038-258-7
  • Format: Electronic (PDF)
  • Historical Data: 2016 - 2019
  • Number of Pages: 117

Report Overview

The global medical disposables market size was valued at USD 318.3 billion in 2020 and is expected to expand at a compound annual growth rate (CAGR) of 16.7% from 2021 to 2028. The growth of the market is attributable to the increasing number of surgical procedures, rising incidence of Hospital Acquired Infections (HAIs), growing prevalence of chronic diseases leading to longer hospital admission, and the impact of COVID-19 outbreaks across the globe.

U.S. medical disposables market size, by product, 2018 - 2028 (USD Billion)

The COVID-19 outbreak and increasing hospital admissions across the globe have significantly increased the demand for medical disposables. The WHO has appealed to industries and governments to increase the manufacturing of personal protective equipment, including hospital gowns, gloves, medical masks, face shields, aprons, respirators, and goggles, by 40.00% to meet the increasing global demand. It also reported that the increase in demand for these accessories has increased their prices to a major extent. For instance, the price of surgical masks has increased six-fold and the price of hospital gowns has increased two-fold. Furthermore, the WHO has shipped around half a million sets of personal protective equipment to around 47 countries. Therefore, the outbreak of COVID-19 has immensely impacted the market and is a highly effective driver for this market. The outbreak of COVID-19 is anticipated to significantly impact the market for medical disposables. The pandemic caused by the virus SARS-CoV-2 has drastically increased the demand for medicines, medical disposable products, emergency supplies, and hospital equipment including gowns, antiseptics, and disinfectant products. COVID-19 is a zoonotic virus and bats were considered to be the key reservoir of the virus. In December 2019, the first patient was reported in China and since then, the disease has spread at a rapid pace. The first case was reported in Wuhan and has been identified that infection was acquired from a zoonotic source. After that human-to-human transmission of the virus largely took place in families within Wuhan.

The increasing prevalence of chronic diseases such as diabetes and cardiovascular diseases is anticipated to positively impact the market for medical disposables. For instance, as per the International Diabetes Federation, the global prevalence of diabetes is expected to increase from 366.0 million in 2011 to 552.0 million by 2030. Prolonged diabetes leads to diabetic foot ulcers, which in turn increases the duration of hospital stay, rendering a positive impact on the market growth over the forecast period. Furthermore, the increasing geriatric population across the globe is also anticipated to propel the growth of the market for medical disposables. For instance, as per the World Health Organization (WHO), the global geriatric population is anticipated to rise from 84.0 million in 2014 to 2.0 billion by 2050. Since the geriatric population is prone to several diseases, thus this growing geriatric population is also expected to surge market growth over the forecast period.

The constant initiatives by major players in the market are also anticipated to promote market growth. Key players are also adopting various strategies to strengthen their position in the market for medical disposables. For instance, in April 2019, Smith & Nephew PLC acquired Osiris Therapeutics, Inc. with an aim to accelerate the development of its advanced wound management product portfolio. In May 2019, 3M announced to acquire Acelity Inc. with an aim to strengthen wound management solutions. This may expand the customer base of the company. Thus, such initiatives by key players are anticipated to propel market growth over the forecast period.

Product Insights

The sterilization supplies segment dominated the market for medical disposables and held the largest revenue share of over 13.0% in 2020. Based on product, the market is segmented into wound management products, drug delivery products, diagnostic and laboratory disposables, dialysis disposables, incontinence products, respiratory supplies, sterilization supplies, non-woven disposables, disposable masks, disposable eye gear, disposable gloves, hand sanitizers, and others.

Sterilization supplies include cotton swabs, cotton balls test tubes, and other skin preparation products designed to reduce surgery-borne infections. The segment also includes sterilizer bags which are designed to perform convenient sterilization of medical devices. The segment also consists of innovative products such as premixed cotton swabs with sterilization solutions. These are convenient to use as they save time and effort involved in applying the solutions on cotton balls in appropriate proportions. The increasing demand for sterilization supplies due to the outbreak of the pandemic in hospitals and clinics is a major factor influencing the segment growth. In addition, the absence of effective alternatives and the development of products with innovative packaging is also expected to have a positive impact on the growth of this segment.

The outbreak of COVID-19 has tremendously surged the demand for hand sanitizers across the globe. As per the World Health Organization guidelines, frequent application of hand sanitizers has been recommended to every individual in order to prevent the transmission of the coronavirus. Furthermore, India has banned the export of hand sanitizers to combat the shortage in the country and the ban has been included under the Essential Commodities Act, 1955. The Brazilian government also ordered the laboratories of the Armed Forces to develop alcohol-based gel on a large scale for treating infected patients. Furthermore, the Puntland State University team developed low-cost hand sanitizers to mitigate the shortage of hand sanitizers in Somalia. In India, the whisky maker John Distilleries has also announced the production of hand sanitizers at its distilleries in Goa and Bangalore to compensate for the crisis caused due to the outbreak of COVID-19. Hence, a significant growth rate is anticipated over the forecast period. The hand sanitizers segment is further segmented into gel, liquid, foam, and others.

Raw Material Insights

Based on raw material, the plastic resins segment dominated the market and accounted for the largest revenue share of over 58.0% in 2020. Plastic resins have been widely used for making medical devices such as disposable syringes, containers, tubes for intravenous solutions, and other packaging materials for medicines. The growing prevalence of hospital-acquired infections and the subsequent rising usage of disposable items to prevent the spread of COVID-19 is boosting the market growth. The availability of different types of plastics with a huge range of properties, such as Polyvinyl Chloride (PVC), Polypropylene (PP), low and high-density polyethylene, and polystyrene, have expanded the applications of plastics in the healthcare sector.

The non-woven material segment is anticipated to witness the fastest growth over the forecast period. The nonwoven material is mostly preferred as compared to woven material in hospitals and clinics as it provides better protection against hospital-borne infections and surgical site infections. In addition, certain advantages such as low weight, affordable cost, and easy recycling methods are the major factors anticipated to boost the demand for these materials. It is majorly used for the manufacturing of products such as surgical gowns, sanitary napkins, drapes, bandages, and masks. Moreover, the manufacturing cost of this material is lesser than their counterparts due to the easy manufacturing procedures and easy availability of its raw materials such as polyester. However, the introduction of minimally invasive techniques and medical procedures involving minimum body contact may restrain the segment growth over the forecast period.

End-use Insights

The hospital segment dominated the market and held the largest revenue share of 54.0% in 2020. This is due to the rising number of patient admissions in hospitals for surgeries and treatments for COVID-19. As per a study conducted by the University of California, San Francisco, in 2016, on average, more than 2000 tons of waste are generated by operating rooms per day, of which a significant portion of waste is from disposable medical supplies. Thus, such high usage of medical disposables in the hospitals may promote the segment growth over the forecast period.

Global medical disposables market share, by end-use, 2020 (%)

The home healthcare segment is anticipated to witness considerable growth over the forecast period. Medical disposables in the home healthcare segment mainly include used needles, syringes, lancets, solid bandages, disposable sheets, and gloves. The demand for home healthcare is rapidly increasing owing to the rising geriatric population coupled with the government legislation to reduce hospital readmissions. Thus, the rising adoption of home healthcare is expected to drive the demand for medical disposables over the forecast period.

Regional Insights

North America dominated the market and held the largest revenue share of 33.3% in 2020, owing to the increasing number of surgeries and the presence of key market players in this region. Moreover, an increase in the number of COVID-19 patients in this region has spurred the demand for medical disposables. As per a report published by the WHO on 20th April 2020, more than 3,39,09 existing cases were reported and more than 1,509 new confirmed cases were detected in Canada. Moreover, the number of cases is expected to increase exponentially over the next month or two. Such factors are anticipated to increase the demand for medical disposables in the region.

In Asia Pacific, the market is expected to witness the fastest growth over the forecast period, owing to its increasing geriatric population and prevalence of cardiovascular diseases. Moreover, Asia Pacific has been one of the worst-hit regions by COVID-19. China and South Korea have reported a very high number of COVID-19 cases. In addition, the densely populated pockets in this region are making it easier for community transmission of the virus. Such a high number of potential patients in this region is anticipated to drive market growth over the forecast period.

Key Companies & Market Share Insights

Key players are involved in adopting strategies such as mergers and acquisitions, product launches, partnerships, and agreements to strengthen their position in the market. Some of the prominent players in the medical disposables market include:

  • Medline Industries, Inc.

  • Smith & Nephew PLC

  • Bayer AG

  • BD

  • 3M

  • Cardinal Health

Medical Disposables Market Report Scope

Report Attribute

Details

Market size value in 2021

USD 368.2 billion

Revenue forecast in 2028

USD 1,086.6 billion

Growth rate

CAGR of 16.7% from 2021 to 2028

Base year for estimation

2020

Historical data

2016 - 2019

Forecast period

2021 - 2028

Quantitative units

Revenue in USD million and CAGR from 2021 to 2028

Report coverage

Revenue forecast, company ranking, competitive landscape, growth factors, and trends

Segments covered

Product, raw material, end-use, region

Regional scope

North America; Europe; Asia Pacific; Latin America; MEA

Country scope

U.S.; Canada; U.K.; Germany; France; Italy; Spain; China; Japan; India; South Korea; Australia; Brazil; Mexico; Argentina; Colombia; South Africa; Saudi Arabia; UAE

Key companies profiled

Medline Industries, Inc.; Smith & Nephew PLC; Bayer AG; BD; 3M; Cardinal Health

Customization scope

Free report customization (equivalent up to 8 analysts working days) with purchase. Addition or alteration to country, regional & segment scope.

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Segments Covered in the Report

This report forecasts revenue growth at global, regional, and country levels and provides an analysis of the latest industry trends in each of the sub-segments from 2016 to 2028. For the purpose of this study, Grand View Research has segmented the global medical disposables market report on the basis of product, raw material, end-use, and region:

  • Product Outlook (Revenue, USD Million, 2016 - 2028)

    • Wound Management Products

    • Drug Delivery Products

    • Diagnostic and Laboratory Disposables

    • Dialysis Disposables

    • Incontinence Products

    • Respiratory Supplies

    • Sterilization Supplies

    • Non-woven Disposables

    • Disposable Masks

    • Disposable Eye Gear

    • Disposable Gloves

    • Hand Sanitizers

      • Gel Sanitizers

      • Foam Sanitizers

      • Liquid Sanitizers

      • Other Sanitizers

    • Others

  • Raw Material Outlook (Revenue, USD Million, 2016 - 2028)

    • Plastic Resin

    • Nonwoven Material

    • Rubber

    • Paper and Paperboard

    • Metals

    • Glass

    • Others

  • End-use Outlook (Revenue, USD Million, 2016 - 2028)

    • Hospitals

    • Home Healthcare

    • Outpatient/Primary Care Facilities

    • Others

  • Regional Outlook (Revenue, USD Million, 2016 - 2028)

    • North America

      • U.S.

      • Canada

    • Europe

      • U.K.

      • Germany

      • France

      • Italy

      • Spain

    • Asia Pacific

      • China

      • Japan

      • India

      • Australia

      • South Korea

    • Latin America

      • Brazil

      • Mexico

      • Argentina

      • Colombia

    • MEA

      • South Africa

      • Saudi Arabia

      • UAE

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