Industry Outlook
The global disposable medical supplies market held US$ 112.6 Bn in 2017 and expected to grow at compound annual growth rate (CAGR) of 6.2% during the forecast period from 2018 to 2026. The market is largely driven by growing hospitalization and volume of surgeries performed, growing chronic diseases and stringent infection prevention control strategies around the world. Hospitals, outpatient facilities and other healthcare centers are adopting for strict infection prevention safety measures to meet the standards recommended by the global healthcare organization and local health authorization. The important measures taken to control and prevent infection include identifying patients at risk of nosocomial infection, maintaining hand hygiene, practising standard precautionary measure to reduce the transmission and applying novel strategies to reduce ventilator-associated pneumonia (VAP), catheter-related bloodstream infection (CR-BSI), and catheter-associated urinary tract infection (CAUTI). According to World Health Organization (WHO) survey conducted on the prevalence of nosocomial infection in 14 countries of four WHO regions (Europe, South-East Asia, Eastern Mediterranean and Western Pacific) suggested that an average of 8.7% of hospital admitted patients had nosocomial infections. Around 1.4 million people globally suffer from infectious complications acquired in hospital. However, regular product recalls and mandatory regulatory requirements for product approvals will act as market barriers in the global disposable medical supplies market.
Market Synopsis
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"Dialysis Disposable Supplies to Grow at the Fastest CAGR"
Drug delivery products held the largest share in the global disposable medical supplies market owing to growing number of chronic disease patients requiring drug delivery and continuous therapy. Moreover, launch of safety enhanced products, technologically advancement and user friendly products will drive the market for drug delivery products including prefilled syringes, inhalers, and intravenous catheters among others. Dialysis disposable supplies is projected to grow at fastest growth rate during the forecast period driven by rising prevalence of chronic kidney diseases and higher number of patients opting for dialysis. Moreover, growing geriatric population susceptible for renal diseases and product innovation will drive the market. Wound management devices and nonwoven medical garments and textiles will continue to reap high demand during the forecast period.
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Historical & Forecast Period
This research report presents the analysis of each segment from 2016 to 2026 considering 2017 as the base year for the research. Compounded annual growth rate (CAGR) for each respective segments calculated for the forecast period from 2018 to 2026.
Report Scope by Segments
Disposable Medical supplies market report furnishes quantitative analysis along with its latest market trends. The market is segmented based on product type and geography.
| ATTRIBUTE |
DETAILS |
| Research Period |
2016-2026 |
| Base Year |
2017 |
| Forecast Period |
2018-2026 |
| Historical Year |
2016 |
| Unit |
USD Billion |
| Segmentation |
By Product Type (2016–2026; US$ Bn)
• Surgical Instruments & Supplies
• Infusion & Hypodermic Devices
• Drug Delivery Devices
• Diagnostic & Laboratory Disposables
• Nonwoven Medical Garments & Textiles
• Wound Management Supplies
• Sterilization Supplies
• Respiratory Supplies & Devices
• Incontinence Goods
• Dialysis Disposables
• Medical & Laboratory Gloves
• Patient Room Supplies
|
|
Geography Segment (2016–2026; US$ Bn)
• North America (United States and Canada)
• Europe (U.K., Germany, Rest of Europe)
• Asia Pacific (China, Japan, Rest of Asia Pacific)
• Latin America (Brazil, Mexico, Rest of Latin America)
• Middle East and Africa (GCC, Rest of MEA)
|
Market is studied in order to understand the current dynamics and future trends in the global disposable medical supplies market. The study includes market size and forecast for all considered segments presented in the report for the period from 2016 to 2026, along with respective compound annual growth rate (CAGRs) for the forecast period from 2018 to 2026, considering 2017 as the base year. 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 questions answered in this report
- How the global disposable medical supplies market will perform during the forecast period from 2018 to 2026?
- What are the latest trends in the disposable medical supplies market and valuable opportunities for key players?
- Who are the leading players in the global disposable medical supplies market?
- Which is the leading/and fastest region in the global disposable medical supplies market?
- What are drivers and restrains governing the global disposable medical supplies market?
