Medical Disposables Market Overview
The global medical disposables market revenue stood at around $51 billion in 2020, and it is expected to rise to nearly $90 billion by 2030. The market is being driven by the surging population of geriatric people, increasing incidence of chronic diseases, and soaring occurrence of hospital-acquired infections (HAIs) across the world. As per a report published by the World Health Organization (WHO), HAIs affect around 3.5%–12% of all people visiting healthcare centers at any given time.
Furthermore, these infections usually affect 7.1% of the hospitalized patients in various European countries. According to the findings of the European Center for Disease Prevention and Control (ECDC). Due to the rising prevalence of these infections. Healthcare settings are increasingly focusing on minimizing the risks of infection transmission. Besides this, the mushrooming population of geriatric people across the world. On account of the falling death rate and increasing life expectancy of people, is also propelling the worldwide sales of medical disposables.
According to the 2020 World Population Aging report published by the United Nations Department of Economic and Social Affairs (UNDESA). The population of people in the age bracket— 65 years or above— will rise from 727 million in 2020 to more than 1.5 billion by 2050. Depending on type, the medical disposables market is divided into blood collection consumables. Glucose monitoring trips, diagnostic catheters, radiology consumables, dialysis consumables, infusion products, prefilled syringes. Smart syringes, hypodermic products, intubation & ventilation supplies, nonwoven medical supplies. Sterilization consumables, surgical nonwoven products, incontinence products, wound care consumables, exudate management products. Infection management products, and negative pressure wound therapy (NPWT) devices.
Out of these, the nonwoven medical supplies category dominated the market in 2020. When application is taken into consideration, the medical disposables market is classified into cerebrovascular, cardiovascular, gynecology, ophthalmology, orthopedics, and urology. Out of these, the cardiovascular category led the market in 2020, as per the findings of P&S Intelligence, a market research company based in India. This was primarily because of the high prevalence of cardiovascular diseases around the world. According to the observations of the WHO, cardiovascular diseases claim the lives of approximately 18 million people every year.
The market is also categorized, on the basis of end use, into clinics/physician offices, ambulatory surgery centers, research institutes, hospitals, and assisted-living centers and nursing homes. Amongst these, the hospitals category dominated the market, primarily because of the high incidence of cardiovascular diseases and diabetes, surging occurrence of point-of-care (POC) diagnostic procedures, and huge requirement for glucose-monitoring systems. Geographically, North America contributed the highest revenue to the market in 2020, mainly because of the presence of a large geriatric population and major medical disposable product manufacturers in the region.
Hence, it can be safely said that the market will grow substantially in the forthcoming years, mainly because of the growing incidence of HAIs and chronic diseases and the mushrooming population of geriatric people all over the world.
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The research offers market size of the global medical disposables market for the period 2015–2030.
- Glucose Monitoring Strips
- Blood Collection Consumables
- Diagnostic Catheters
- Dialysis Consumables
- Radiology Consumables
- Infusion Products
- Smart Syringes
- Prefilled Syringes
- Intubation & Ventilation Supplies
- Hypodermic Products
- Sterilization Consumables
- Nonwoven Medical Supplies
- Incontinence Products
- Surgical Nonwoven Products
- Wound Care Consumables
- Infection Management Products
- Exudate Management Products
- Negative Pressure Wound Therapy (NPWT) Devices
- Clinics/Physician Offices
- Assisted Living Centers & Nursing Homes
- Ambulatory Surgery Centers
- Research Institutes