The global market for disposable medical supplies was worth US$ 112.6 billion in 2017 and is expected to expand at a compound annual growth rate (CAGR) of 6.2% from 2018 to 2026. Growing hospitalization and surgery volume, rising chronic diseases, and stringent infection prevention and control strategies around the world are driving the market. Hospitals, outpatient facilities, and other healthcare centers are adopting strict infection prevention safety measures to meet the standards recommended by the global healthcare organization and local health authorities.
The important measures taken to control and prevent infection include identifying patients at risk of nosocomial infection, maintaining hand hygiene, practicing standard precautionary measures to reduce transmission, and applying novel strategies to reduce ventilator-associated pneumonia (VAP), catheter-related bloodstream infection (CR-BSI), and catheter-associated urinary tract infection (CAUTI). A World Health Organization (WHO) survey on the prevalence of nosocomial infection in 14 countries across four WHO regions (Europe, South-East Asia, the Eastern Mediterranean, and the Western Pacific) found that 8.7% of hospital-admitted patients had nosocomial infections. Around 1.4 million people globally suffer from infectious complications acquired in hospitals. However, regular product recalls, and mandatory regulatory requirements for product approvals will act as market barriers in the global market for disposable medical supplies.
Market Synopsis
Dialysis Disposable Supplies Will Expand at the Fastest Rate
Drug delivery products held the largest share in the global disposable medical supplies market owing to the growing number of chronic disease patients requiring drug delivery and continuous therapy. Moreover, the launch of safety-enhanced products, technological 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 are projected to grow at the fastest growth rate during the forecast period, driven by the rising prevalence of chronic kidney diseases and a higher number of patients opting for dialysis. Moreover, a growing geriatric population susceptible to 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.
Periods of History and Forecast
This research report presents the analysis of each segment from 2016 to 2026, considering 2017 as the base year for the research. The compound annual growth rate (CAGR) for each of the respective segments was calculated for the forecast period from 2018 to 2026.
Report Scope by Segments
The disposable medical supplies market report furnishes quantitative analysis along with its latest market trends. The market is segmented based on product type and geography.
The 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 forecasts for all considered segments presented in the report for the period from 2016 to 2026, along with respective compound annual growth rates (CAGRs) for the forecast period from 2018 to 2026, considering 2017 as the base year.
The key players currently engaged in the 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 are answered in this report.
How will the global market for disposable medical supplies 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 market for disposable medical supplies?
Which is the leading and fastest-growing region in the global market for disposable medical supplies?
What are the drivers and restraints governing the global market for disposable medical supplies?
Frequently Asked Question:
The market for Disposable Medical Supplies Market is expected to reach USD$ 112.6 Bn in 2026.
The Disposable Medical Supplies Market is expected to see significant CAGR growth over the coming years, at 6.2%.
The report is forecasted from 2018 -2026.
The base year of this report is 2017.
Braun Melsungen AG, Becton Dickinson & Co., Baxter International, Inc., Johnson & Johnson, Inc., Abbott Laboratories, 3M Company, BSN Medical GmbH. are some of the major players in the global market.
