Arizton provides an in-depth market insights report on the US disposable medical supplies market, APAC disposable medical supplies market, and Europe disposable medical supplies market.
Arizton provides information related to the industry’s key issues, existing market landscape, regulatory concerns, risks & opportunities, technology evolution, and future commercial potential.
This report provides a comprehensive and current market scenario of the disposable medical supplies market across various regions, including market size, anticipated market forecast, relevant market segmentations, and industry trends.
The US disposable medical supplies market to reach $228.38 billion by 2028, growing at a CAGR of 11.45%
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The demand for disposable medical supplies in the US is experiencing significant growth due to several factors. These include an increase in the number of surgical procedures, a rise in hospital-acquired infectious diseases (HAIs) and other chronic conditions, and a heightened awareness of the importance of health and hygiene. In 2022, the hospitals segment held a dominant position in the market, accounting for the highest market share at 51.25%. This can be attributed to several factors, such as a large patient population, a higher number of hospital admissions for surgeries and treatments, increased awareness about HAIs, and the widespread use of disposable medical supplies in hospital settings.
The prevalence of chronic diseases and the growing incidence of HAIs have contributed to a substantial uptick in the adoption of medical disposables within hospitals. In developed countries like the United States, the prevalence of nosocomial infections (infections acquired in healthcare settings) is approximately 7%. According to the World Health Organization (WHO), around 5-10% of hospital patients in the US suffer from viral, bacterial, and fungal infections. A 2014 survey on HAI prevalence indicated that approximately 75,000 deaths occurred during hospitalization due to healthcare-associated infections in the US.
Furthermore, a 2016 study conducted by the University of California, San Francisco, revealed that operating rooms generate over 2,000 tons of waste daily, with a significant portion of this waste originating from disposable medical supplies. This substantial usage of medical disposables in hospitals is expected to drive growth in this segment throughout the forecast period.
The APAC disposable medical supplies market to reach USD 283.93 billion by 2028, growing at a CAGR of 14.55% during 2022-2028.
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The disposable medical supplies market is highly competitive. With the growing digitalization of healthcare, various small and mid-sized companies are entering the market to expand their presence in this growing market. Combined with this, the emphasis on the development and discovery of advanced technologies has helped garner a high customer base for the key players.
The competition in the APAC disposable medical supplies market is intense, with several global players offering a diverse range of products. Some of the companies which are currently dominating the APAC disposable medical supplies market include Medline, Cardinal Health, 3M, Smith+Nephew, and Terumo.
The major players are focusing on strategic acquisitions, licensing, and collaboration agreements with emerging players to enter the disposable medical supplies market and gain access to commercially launched products. For instance, Quipt Home Corp was acquired by Cardinal Health in 2022. This acquisition has facilitated the company to expand its global presence.
The Europe disposable medical supplies market to reach $200.88 billion by 2028, growing at a CAGR of 12.66% during 2022-2028.
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The demand for disposable medical supplies is on the rise due to multiple factors, including the rising number of surgical procedures, an increase in hospital-acquired infectious diseases (HAI) and other chronic conditions, and growing awareness of the importance of maintaining health and hygiene are the major factors driving the growth of the disposable medical supplies market. Medline Industries Inc, Cardinal Health, 3M Company, Smith+Nephew, and Terumo Medical Corp are some leading players currently dominating the Europe disposable medical supplies market. The major players focus on strategic acquisitions and collaborations with emerging players to enter the disposable medical supplies market and access commercially launched products.
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