PUBLISHER: Allied Market Research | PRODUCT CODE: 1566905
PUBLISHER: Allied Market Research | PRODUCT CODE: 1566905
The global medical disposable products market was valued at $478.1 billion in 2023, and is projected to reach $857.0 billion by 2033, growing at a CAGR of 6% from 2024 to 2033.
Medical disposable products are designed for single use in healthcare settings, such as gloves, masks, syringes, and gowns. They are intended to prevent the spread of infections and maintain hygiene standards by reducing the risk of cross-contamination between patients and healthcare workers. These products are typically made from materials such as plastic, latex, or paper and are disposed of after use to prevent the transmission of pathogens. Medical disposable products play a crucial role in infection control protocols, ensuring the safety of patients and healthcare providers while facilitating efficient and effective healthcare delivery.
The growth of the medical disposable products market is driven by widespread use of disposable products such as gloves, masks, and gowns to minimize the risk of cross-contamination and nosocomial infections within healthcare facilities. In addition, rise in the prevalence of infectious diseases, coupled with emerging pathogens and antibiotic resistance, highlights the importance of stringent infection control practices, necessitating the continuous availability and utilization of medical disposable products. Moreover, trend toward eco-friendly and sustainable products in the medical sector drives the growth of the market. Manufacturers of these products are focusing on the usage of biodegradable materials to reduce environmental impact.
However, regulatory challenges and need for stringent quality control measures add complexity to the production and distribution of medical disposable products which negatively impacted the market growth. On the other hand, technological innovations and product advancements, such as antimicrobial coatings, biodegradable materials, and smart packaging, enhance the efficacy, safety, and sustainability of medical disposable products, providing an opportunity to the market growth. For instance, in January 2023, BIOCORP, a Novo Nordisk company based in France and specialized in the design, development, and manufacturing of innovative medical devices, announced that they have received 510 (K) clearance from the U.S. Food & Drug Administration (FDA) to market SoloSmart, Sanofi's smart medical device that connects SoloStar insulin pens.
Segmentation Overview
The medical disposable products market is segmented into product, application, end user, and region. Depending on product, the market is categorized 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. As per the application, it is divided into cardiovascular, cerebrovascular, ophthalmology, gynecology, urology, orthopedics, and others. By end user, the market is classified into hospitals, ambulatory surgery centers, and others. Region wise, it is analyzed across North America, Europe, Asia-Pacific, and LAMEA.
Key Findings
By product, the sterilization supplies segment held the highest share in the market in 2023.
Depending on the application, the cardiovascular segment accounted for the largest market share in 2023.
According to end users, the hospitals segment gained the maximum share of the market in 2023.
Region wise, North America dominated the medical disposal products market in 2023.
Competitive Analysis
The major players operating in the medical disposable products market include Medline Industries, Inc., Smith Nephew, Bayer AG, BD, 3M, Cardinal Health, B. Braun SE, Boston Scientific Corporation, Narang Medical Limited, Terumo Corporation, AMMEX Corporation, and ANSELL LTD. These players have adopted several strategies such as product development & innovation, mergers & acquisitions, partnerships, and collaborations to sustain in the competitive environment.
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