According to the report, global medical disposables market was valued at approximately USD 194 billion in 2017 and is expected to generate revenue of around USD 279 billion by end of 2024, growing at a CAGR of around 5.3% between 2018 and 2024.
New York, NY, Oct. 15, 2018 (GLOBE NEWSWIRE) — Zion Market Research has published a new report titled “Medical Disposables Market by Type (Wound Management Disposables, Drug Delivery Disposables, Nonwoven Medical Disposables, and Others) and by End-user (Emergency Care, Outpatient Facilities, Hospitals, Home Healthcare Facilities, and Physician Offices: Global Industry Perspective, Comprehensive Analysis and Forecast, 2017 – 2024”. According to the report, global medical disposables market was valued at approximately USD 194 billion in 2017 and is expected to generate revenue of around USD 279 billion by end of 2024, growing at a CAGR of around 5.3% between 2018 and 2024.
Medical disposables are the products used in the medical field for various purposes to maintain the hygiene and safety standards set by the regulatory bodies. Medical disposables are manufactured with medical grade materials and are packed in sterilized conditions. They are meant for one-time use; this helps in the prevention of spreading various infectious diseases. These medical disposables include catheters, syringes, gowns, blood glucose strips, and others. Medical disposable products directly come in contact with the blood or other materials which can be hazardous for a healthy individual. Medical disposables are used during the surgical procedure, drug delivery, patient examination, wound care, and others. Increased incidences of hospital-acquired infections have encouraged the regulatory bodies to set up the guidelines for the use of medical disposables to prevent the hospital-acquired infection.
Browse through 54 Tables & 12 Figures spread over 110 Pages and in-depth TOC on “Global Medical Disposables Market Size & Share 2017: Industry Type, Trends, Analysis and Forecast, 2024”.
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The medical disposables market is driven by various factors and one of the major factor expected to support the growth of the market over the forecast period are increased prevalence of infectious diseases. As per the World Health Organization Report, there were around 36.9 million people in the world living with HIV infection in 2017. Increase in the number of hospitals and patient visits to the hospitals are expected to promote the growth of the medical disposables market. Moreover, increased demand for medical disposables from the healthcare professionals for the safety of the patient and other individuals are also expected to fuel the growth of the medical disposables market. Furthermore, technological advancement and development of new products in the range of medical disposables are expected to support the growth of the medical disposables market in the near future. However, stringent policies for the approval of medical disposables are expected to promote the growth of the medical disposables market.
The medical disposable market is segmented on the basis of type and end user. Based on the type medical disposables market is segmented into wound management disposables, drug delivery disposables, nonwoven medical disposables, and others. Wound management disposable segment is expected to dominate the medical disposables market which is closely followed by drug delivery disposables segment over the forecast period. Based on end-users, the medical disposables market is classified into emergency care, outpatient facilities, hospitals, home health care facilities, and physician offices. Hospital segment is expected to dominate the medical disposables market over the forecast period.
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North America is expected to dominate the medical disposable market over the forecast period owing to the presence of developed economies such as the U.S., Canada, and others. Developed economies have developed healthcare facilities and infrastructure due to which demand for medical disposables will be high as compared to other regions. Furthermore, increase in hospital-acquired infections and increased prevalence of infectious diseases is expected to promote the growth of the medical disposables market in the near future.
Europe is expected to be the second largest growing region over the forecast period owing to the various technological advancement and increase in research activities taking place in the region. Asia Pacific is expected to be the third largest and fastest growing region over the forecast period owing to the increased prevalence of infectious diseases. Moreover, improving healthcare facilities in the region and the growing number of patients has increased the growth rate of the medical disposables market. This has led to the increase in the demand of medical disposables. Furthermore, increase in the per capita income and the growing awareness among people is expected to promote the growth of the medical disposable market in the forecast period.
Browse the full “Medical Disposables Market by Type (Wound Management Disposables, Drug Delivery Disposables, Nonwoven Medical Disposables, and Others) and by End-user (Emergency Care, Outpatient Facilities, Hospitals, Home Healthcare Facilities, and Physician Offices: Global Industry Perspective, Comprehensive Analysis and Forecast, 2017 – 2024” report at https://www.zionmarketresearch.com/report/medical-disposables-market
Latin America and the Middle East and Africa are expected to grow moderately over the forecast period owing to the poor living condition, increased prevalence of infectious diseases coupled with government initiatives to increase awareness and healthcare facilities are expected to promote the growth of medical disposables market in the region.
Some of the major players of the medicals disposables market are Abbott Laboratories, Medtronic Incorporated, Becton and Dickinson Company (BD), Boston Scientific Corporation, Medline Industries Inc., Derma Sciences Incorporated, Kinetic Concepts, Cardinal Health Incorporated, Ansell Limited, Johnson & Johnson, 3M Company and others.
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This report segments the global Medical Disposables Market as follows:
Global Medical Disposables Market: Type Segment Analysis
- Wound Management Disposables
- Drug Delivery Disposables
- Nonwoven Medical Disposables
Global Medical Disposables Market: End-User Segment Analysis
- Emergency Care
- Outpatient Facilities
- Home Healthcare Facilities
- Physician Offices
Global Medical Disposables Market: Regional Analysis
- North America
- The U.S.
- Asia Pacific
- Latin America
- The Middle East and Africa
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