Polaris Market Research

Medical Disposable Market Size Estimated to Reach USD 365.1 Billion in 2026

The Global Medical Disposable Market is estimated to reach USD 365.1 billion by 2026, growing from USD 190.4 billion in 2017. The market is anticipated to grow at a CAGR of 6.1 % during the forecast period.

 

New York, NY -- (SBWIRE) -- 12/03/2018 -- Medical disposable are any medical devices that are intended for one-time or temporary usage. Several medical and surgical devices are manufactured worldwide that leads to the production of different kinds of disposable devices. Medical disposables can be used in various medical fields such as surgical wear, hygiene, anaesthesia and paediatric among others. These medical disposables cover a huge part of medical devices market.

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These products are on high demand due to their convenience and easy to use feature. The manufacturers are continuously making different types of medical disposable devices that can be used for the different purposes. These medical disposables can be made up of different materials such as nonwoven material, plastic resins, paper and paperboard, rubber, metals, glass and others.

There market for medical disposables is increasing very fast due to several factors such as increasing prevalence of infectious diseases is one of the major driving factors and there is high demand for the medical disposables with the constant increase in hospitals and patient visits to the hospital. The other factors are like preventive procedures for the hospitals that acquired infections and diseases and the rising geriatric population. The high-quality safety products are the emerging trends in the medical disposables market and these high-quality medical disposables are on high demand in the market.

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However, there are some factors that are also hampering the growth of the medical disposable market like stringent regulatory approval policies. There are also some of the health policies or insurance apprehensions that have raised patient co-payments and the limited tenure coverage for several medical services and also by discouraging people from making unnecessary visits to the hospitals. According to a study by World Health Organization (WHO), there were prevalence of healthcare associated infection in 2010, in developed countries it was 3.5% to 12% and it varies between 5.7% and 19.1% for low- and middle-income countries.

The report provides an extensive qualitative and quantitative analysis of the market trends and growth prospects of the Global Medical Disposable Market, 2018-2026. This report also comprises a detailed geographic analysis of the market across North America, Europe, APAC, Latin America, and MEA regions.

North America is further segmented into U.S., and Canada. European regional analysis section covers Germany, UK, Italy, France, Spain and Russia. While the Asia Pacific region is bifurcated into China, India, Japan, Singapore, Malaysia and Australia. In 2017, North America was estimated to dominate the market growth due to developed healthcare infrastructure, favourable reimbursement schemes, higher healthcare expenditure, and increasing awareness among the population.

Competitive Landscape and Key Vendors
Some of the leading companies profiled in the medical disposable market report include Johnson & Johnson Services, Inc., 3M, Abbott Laboratories, Medtronic Plc., B. Braun Melsungen AG, Bayer AG, Smith and Nephew Plc., Medline Industries, Inc., Cardinal Health, and Becton, Dickinson & Company.

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Key Segments

Product Type
- Wound Management
- Drug Delivery
- Dialysis
- Nonwoven Incontinence
- Respiratory Supplies
- Diagnostic and Laboratory
- Sterilization

Raw Material
- Paper and Paperboard
- Plastic Resin
- Nonwoven Material
- Metals
- Glass
- Rubber

End Use
- Hospitals
- Outpatient/Primary Care Facilities
- Home Healthcare

Region

- North America

o U.S.
o Canada

- Europe

o Germany
o UK
o France
o Italy
o Spain
o Russia
o Rest of Europe

- Asia-Pacific

o China
o India
o Japan
o Singapore
o Malaysia
o Australia
o Rest of Asia-Pacific

- Latin America

o Brazil
o Mexico
o Argentina
o Rest of Latin America

- Middle East and Africa