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2018

Disposable Medical Supplies Market

Disposable Medical Supplies Market Size, Share, Competitive Landscape and Trend Analysis Report by Type, Application and End User - Global Opportunity Analysis and Industry Forecast, 2017-2023

LS : Medical Devices & Supplies

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Author's: Suraj Sajeev & Garima Chandra | Roshan Deshmukh
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Disposable Medical Supplies Market Overview:

Disposable medical supplies consist of medical apparatuses, devices, or consumables that are intended for one time or temporary use in medical settings. These supplies are an essential component in hospital settings, as they save staff time and reduce healthcare-associated costs. Few examples of disposables medical supplies include bandages & wraps, drug tests disposables, exam gowns, face masks, gloves, suction catheters, surgical sponges, hypodermic needles, syringes, and applicators among others. The global disposable medical supplies market was valued at $48,630 million in 2016, and is expected to reach $80,252 million by 2023, registering a CAGR of 7.3% during the forecast period.

The major factors that drive the market growth are increase in demand for disposable medical supplies to avoid contamination and hospital-acquired infections, and rise in incidence of diseases worldwide. However, the rising environmental concerns due to the improper disposable of medical waste impede this market. Moreover, the increase in robot-assisted surgeries is expected to create numerous opportunities, as robotic surgeries utilize disposables such as syringes, needles, scissors, scapula, and others.

Type Segment Review

The disposable medical supplies market by type is segmented based on diagnostic supplies, dialysis consumables, radiology consumables, infusion products, intubation & ventilation supplies, hypodermic products, sterilization consumables, nonwoven medical supplies, wound care consumables, and other medical supplies. Nonwoven medical supplies is expected to be the lucrative segment during the forecast period, owing to their wide usage in the healthcare settings. These supplies consist of disposable products such as incontinence products and surgical nonwoven products that are consistently used across the healthcare settings.

Application Segment Review

The disposable medical supplies market by application is segmented into cardiovascular, cerebrovascular, ophthalmology, gynecology, urology, orthopedics, and others. The cardiovascular segment accounted for the majority of the market share, i.e., two-ninths share of the total market in 2016, owing to the rise in cardiovascular diseases globally. For instance, according to the World Health Organization, an estimated 17.7 million people died from CVDs (cardiovascular diseases) in 2015, which represents 31% of total global deaths.

Disposable Medical Supplies by Region

The global disposable medical supplies market based on region is analyzed across North America, Europe, Asia-Pacific, and LAMEA. North America dominated the disposable medical supplies market in 2016 and is expected to retain its dominance throughout the forecast period. This is attributed to the sophisticated infrastructure and huge investment by the government to upgrade the healthcare facilities across the region.

The report provides a comprehensive analysis of the key players operating in the global disposable medical supplies market such as Abbott Laboratories, Bayer AG, Becton, Dickinson, and Company, Cardinal Health Incorporated, Domtar Corporation, Medtronic plc, 3M Company, Braun (B.) Melsungen AG, Terumo Corporation, and Smiths Group plc. Other players operating in the value chain are Bard (CR) Incorporated, BarrierSafe Solutions International, Cederroth Intressenter AB, Johnson & Johnson, Ansell Limited, Teleflex Incorporated, Derma Sciences Incorporated, and Centaur Guernsey LP Incorporated.

Key Benefits for Stakeholders

  • The study provides an in-depth analysis with the current trends and future estimations of the global disposable medical supplies market to elucidate the imminent investment pockets.
  • Comprehensive analysis of the factors that drive and restrict the market growth is provided.
  • The quantitative analysis of the industry from 2016 to 2023 is provided to enable the stakeholders to capitalize on the prevailing market opportunities.
  • Extensive analysis of key segments of the industry is provided to understand the type of disposable medical supplies used globally.
  • Key players and their strategies are analyzed to understand the competitive outlook of the market.

Disposable Medical Supplies Market Report Highlights

Aspects Details
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By Type
  • Diagnostic Supplies
    • 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
    • Exudate Management
    • Negative Pressure Wound Therapy Devices (NPWT)
  • Other medical supplies
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By Application
  • Cardiovascular
  • Cerebrovascular
  • Ophthalmology
  • Gynecology
  • Urology
  • Orthopedics
  • Others
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By End User
  • Hospitals
  • Clinics/Physician Offices
  • Assisted Living Centers & Nursing Homes
  • Ambulatory Surgery Centers
  • Research Institutes
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By Region
  • North America  (U.S., Canada, Mexico)
  • Europe 
  • Asia-Pacific  (North America)
  • LAMEA 
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Key Market Players

Bayer AG, Domtar Corporation, 3M Company, BECTON, DICKINSON AND COMPANY, Abbott Laboratories, TERUMO MEDICAL CORPORATION, Cardinal Health, Inc., Medtronic Plc, B. Braun Melsungen AG, Smiths Group Plc. (Smiths-Medical)

Analyst Review

Disposable medical supplies are medical consumables that are only intended for one-time use. The primary motive for disposable medical supplies is to prevent the spread of infections across hospital settings. In addition, these supplies ensure high quality of operating and diagnosis rooms as well as to maintain hygienic environment across hospital settings. Consumables also aid in reducing the cost associated with the initial startup program expenses.

Moreover, the increasing preference of disposable supplies over traditional instruments and devices is expected to supplement the market growth. The favorable government regulations for disposable medical supplies and mandatory use of these devices during many surgical and diagnostic procedures may further boost growth.

However, disposable medical devices require a careful balance between performance, cost, materials, reliability, and shelf life. Hence, plastics are generally used in the manufacturing of disposables as they are relatively inexpensive and many types of plastics are available. For instance, syringes must undergo extreme pressure and polycarbonates are used due of their strength. Polyvinyl chloride (PVC) can also be used because of its flexibility. Therefore, manufacturers are focusing on bulk production of these devices to meet the unmet demand across the medical settings. The ease in availability of these materials further augments the market growth.

Furthermore, emerging countries such as India, China, Brazil, and others are gaining importance for majority of the disposable medical supplies, as they are focusing towards unmet demand for disposable hospital supplies and devices in these countries. Hence, many companies have started introducing technologically advanced products to cater the needs of the growing population, especially in developing economies.

Author Name(s) : Suraj Sajeev & Garima Chandra | Roshan Deshmukh

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Disposable Medical Supplies Market

Global Opportunity Analysis and Industry Forecast, 2017-2023