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A recent report published by Infinium Global Research on the medical disposables market provides an in-depth analysis of segments and sub-segments in the global as well as regional medical disposables market. The study also highlights the impact of drivers, restraints, and macro indicators on the global and regional medical disposables market over the short term as well as long term. The report is a comprehensive presentation of trends, forecast and dollar values of global medical disposables market. According to the report, the global medical disposables market is projected to grow at a CAGR of 6.3% over the forecast period of 2018-2024.
Medical disposable are material or devices that are used in medical fields and hospitals. As per the name, medical disposable is planned for a solitary use after which it is recycled or disposed of as solid waste. Medical disposables contain syringes, blood glucose strips, catheters, gowns, wound care products and others. Medical disposables are essential as they lower the risk of infections and cross-contamination, which is a major objective of governments and health authorities worldwide. The demand for medical disposables is not only for its one-time use property but also due to its hygienic methods that are implemented at the time of productions. These disposables are used in wound management, patient examination, fluid & drug delivery, and so on.
Due to the strength property, polycarbonates are used in manufacturing disposable devices such as syringe as it goes through extreme pressure at the time of production. Moreover, plastics are frequently used for the production of disposables, as they are comparatively economical and are available in several different types. PVC is also used due to its flexibility. From production to make, these disposable goods are piled with numerous rules and standards. Further, disposable-device gathering mainly depends on injection-molded plastic, assembled by bonding, attaching, ultrasonic welding, or radio frequency welding.
The demand for medical disposables is increasing due to the rise in the number of hospitals. Further, the rising occurrence of infections & diseases and augmented emphasis on prevention from these infections are some of the key factors motivating the growth for medical disposables market. The aggregate number of per day patient in the hospital results in a growing demand for medical disposable that pushes the growth of the market. Besides, growing consciousness among patients about the benefits of using medical disposables, cumulative demand for sophisticated healthcare facilities, and obligatory rules that are to be followed for patient’s safety are boosting the market growth. The usage of reusable medical devices such as breathing circuits, facemask and so on can cause hospital-acquired infection (HAIs). Moreover, reusable medical products can still cause an infection if the sanitization procedures are not followed properly. This obliges healthcare authorities and manufacturers to accept medical disposables that are intended for single use and to avoid HAIs. Development of new products in medical disposable is creating a growth opportunity in an upcoming year. On the other side, strict policies for the approval of medical disposables and the availability of other disposable substitutes are hampering the growth of the medical disposables market.
Among the geographies, North America is estimated to dominate the medical disposables market followed by Europe and the Asia-Pacific region. Due to the presence of developed economies such as Canada, the U.S., and others have developed healthcare facilities and infrastructure owing to that the demand for medical disposables is high in the North America region. Therefore, this factor further drives the growth of the medical disposables market in the North America region. In Europe, region factors such as the adoption of advanced technology and rising consciousness about the effects of cross-contamination are the factors credited to lead the growth of this market. In addition to this, increasing incidence of chronic disorders owing to inactive lifestyles and expansion of medical disposable products in countries, such as India and Japan are likely to support the growth for the medical disposables market in the Asia-Pacific region.
The report on global medical disposables market covers segments such as type and end-user. On the basis of type, the sub-markets include drug delivery disposables, wound management supplies, nonwoven medical disposables, dialysis disposables, incontinence products, respiratory supplies, diagnostic and laboratory disposables, and others. On the basis of end-user, the sub-markets include hospitals, primary care & outpatient facilities, home healthcare facilities, and others.
The report provides regional analysis covering geographies such as North America, Europe, Asia-Pacific, and Rest of the World. In this section, the key trends and market size for each geography are provided over the period of 2016-2024. The countries covered in the North America region include the U.S., Canada, and Mexico while Asia-Pacific includes China, Japan, India, South Korea, Malaysia, and among others. Moreover, Germany, U.K., France, Spain, and Rest of Europe are included in the European region. The U.S. drives the growth in the North America region as it is the largest market in this region. The Asia-Pacific region offers a substantial potential for the market growth owing to rapid growth in markets such as India and China.
The report provides profiles of the companies in the market such as Medline Industries, Inc., Abbott., Boston Scientific Corporation, Derma Sciences Inc., Cardinal Health., ANSELL, Johnson & Johnson Services, Inc., 3M, B. Braun Melsungen AG, and KCI Licensing, Inc. .
The report provides deep insights into the demand forecasts, market trends, and micro and macro indicators. In addition, this report provides insights into the factors that are driving and restraining the growth in this market. Moreover, The IGR-Growth Matrix analysis given in the report brings an insight into the investment areas that existing or new market players can consider. The report provides insights into the market using analytical tools such as Porter's five forces analysis and DRO analysis of medical disposables market. Moreover, the study highlights current market trends and provides forecast from 2018-2024. We also have highlighted future trends in the market that will affect the demand during the forecast period. Moreover, the competitive analysis given in each regional market brings an insight into the market share of the leading players.
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