PUBLISHER: Bizwit Research & Consulting LLP | PRODUCT CODE: 1534144
PUBLISHER: Bizwit Research & Consulting LLP | PRODUCT CODE: 1534144
Global Disposable Surgical Devices Market is valued approximately at USD 5.84 billion in 2023 and is anticipated to grow with a healthy growth rate of more than 8.2% over the forecast period 2024-2032. Disposable surgical devices are single-use medical instruments designed for surgical procedures. These devices, such as scalpels, scissors, forceps, and syringes, are intended to be discarded after one use, ensuring sterility, reducing infection risk, and eliminating the need for cleaning and sterilization. This enhances patient safety and operational efficiency in medical settings. The increasing prevalence of chronic diseases, such as neurological, cardiovascular, infectious, and urological disorders, is expected to boost market growth. The high incidence of diseases like diabetes, cancer, and other autoimmune disorders is also a major factor driving the rising number of surgical procedures. As per the International Diabetes Federation (IDF), around 530 million people worldwide had diabetes in 2021, and this number is expected to reach 643 million by 2030. Type II diabetes is the most common type, affecting 90% of the diabetic population.
The rising emphasis on infection control in healthcare is driving market growth. Regulatory bodies, such as the FDA in the United States and similar agencies worldwide, have implemented stringent guidelines and standards for infection control in healthcare settings. Hospitals and healthcare facilities are required to adhere to these regulations, necessitating the use of disposable surgical devices to meet compliance requirements. Infection control is directly linked to patient safety and positive healthcare outcomes. Disposable surgical devices, which reduce the risk of cross-contamination and infection, are essential in this strategy. Healthcare-associated infections (HAIs) represent a significant challenge, resulting in patient morbidity, extended hospital stays, and increased healthcare costs. Disposable surgical devices play a critical role in reducing HAIs, making them indispensable in healthcare settings. The COVID-19 pandemic heightened awareness about infection control. Disposable surgical devices proved crucial in managing pandemics by reducing virus transmission during medical procedures. This experience reinforced the importance of disposable devices in healthcare preparedness.
Additionally, manufacturers of disposable surgical devices continue to invest in research and development, leading to the creation of more advanced and effective products. These innovations enhance surgical precision, safety, and efficiency, making disposable devices an attractive choice for healthcare providers. The trend toward minimally invasive surgical procedures has expanded the use of disposable surgical devices. These devices are specifically designed for single-use in such procedures, aligning with the demand for less invasive techniques that reduce infection risk and recovery time. The increasing number of surgical procedures performed globally, driven by factors like population growth, aging demographics, and advances in medical technology, has resulted in higher demand for disposable surgical devices. Surgeons and healthcare facilities rely on these devices to maintain strict infection control protocols in a busy surgical environment, thus driving market revenue.
North America held the largest share of 29.7% in 2023. This can be attributed to the increasing incidence of chronic diseases, such as cardiovascular and neurological diseases, cancer, diabetes, and autoimmune diseases. An increase in the number of surgical procedures due to accidents, burns, and trauma cases is also driving the surgical instruments market in the region. The Asia Pacific segment is expected to grow significantly during the forecast period. A large patient pool in the region is expected to contribute to market growth. Japan, with its large geriatric population, requires increased health care. According to the Japan Cancer Society (JCS), one in three deaths in Japan is due to cancer, with lung and stomach cancers being the most frequent. The growing number of surgeries is expected to increase the need for disposable surgical devices.