Disposable Medical Supplies Market

Disposable Medical Supplies Market Outlook (2022 - 2026)

Disposable Medical Supplies Market witnessed a CAGR of 6.4% between 2013 and 2021. The global Disposable Medical Supplies Market is expected to witness a 6.4% CAGR between 2022 and 2026. In 2022, the global Disposable Medical Supplies Market size was worth US$ 13,377.5 million, which is projected to reach US$ 17,158.3 million by the year 2026.

Disposable Medical Supplies Market Demand Analysis (2013-2021) v/s Market Outlook (2022-2026)

Disposable Medical Supplies Market is expected to witness a CAGR of 6.4% during the forecast period between 2022 and 2026. The rising number of surgical operations, the rising frequency of Hospital Acquired Infections (HAIs), and the growing prevalence of chronic conditions that require a longer hospital stay are all driving increased demand for disposable medical supplies. Furthermore, the outbreak COVID-19 pandemic has significantly increased the demand for disposable medical supplies, which is driving the market growth.

What is expected to keep the Hopes High for Disposable Medical Supplies Market?

Increase in the cases of hospital-acquired infections

Diseases during surgery and maternity care, as well as hospital-acquired infections, are on the rise, boosting the demand for Disposable Medical Supplies to assure safety and hygiene. Various hygiene awareness initiatives encourage the usage of Disposable Medical Supplies, which will assist to drive market growth in the near future.

Increase in the number of surgeries performed

Another major aspect projected to enhance the market for Disposable Medical Supplies is an increase in the number of surgeries conducted globally. As the number of surgeries increases, so will the need for surgical gowns, gloves, drapes, feeding tubes, and procedure kits and trays, propelling the growth of the global Disposable Medical Supplies market.

Rapid growth in the Healthcare sector and Advancements in Disposable Medical Supplies

The key factor fueling the growth of the global Disposable Medical Supplies market is the rapid expansion of the healthcare sector. Increasing demand for disposable gloves due to the expansion in the healthcare industry will drive the Disposable Medical Supplies market forward. The usage of disposable surgical gowns is likewise expanding as hospitals' budgets and standards are on the rise.

Another reason that is expected to boost the Disposable Medical Supplies market is the continuous advancement of Disposable Medical Supplies with improved protective quality. Disposable Medical Supplies, such as procedure kits and trays, minimize the workload while enabling simple and effective productivity. New improvements in Disposable Medical Supplies are expected to boost the market growth.

What restraints is the Disposable Medical Supplies Market subject to?

“Rising Environmental Concerns”

Disposable devices are commonly utilized in the healthcare industry, owing to the need for infection-free medical procedures. Plastics are commonly utilized in the production of many disposable medical supplies due to its wide range of uses and low cost. Hospitals generate tons of waste from disposable medical supplies, which is hard to recycle and is harmful to the environment because plastic is not biodegradable. However, recycling of this waste is governed by strict rules, so it is still very difficult for recyclers to adhere to these rules and as a result, large portions of disposable medical supplies waste remain unrecycled. The increase in waste, and insufficient reimbursement for these disposable medical supplies, are expected to hinder the market growth during the forecast period.

How has Covid-19 affected the Disposable Medical Supplies Market?

“Increased demand for PPE and Masks”

The COVID-19 pandemic harmed the global economy but it had a major impact on the medical disposable supplies market, as the demand for medical disposable supplies, emergency supplies, and hospital equipment, such as gowns, antiseptics, and disinfectant products skyrocketed during the pandemic. To satisfy rising global demand, the WHO had urged industries and governments to boost the production of personal protective equipment such as gloves, medical masks, face shields, aprons, respirators, and goggles. To reduce the number of deaths caused by severe infection transmitting from person to person, the WHO and governments mandated that everyone wore masks, which increased the global demand for disposable masks. The outbreak of COVID-19 has immensely impacted the market and has been a highly effective driver for this market.

Competitive Landscape

Disposable Medical Supplies industry is moderately competitive and highly consolidated due to the presence of several large players. Key players in the market are focusing on mergers and acquisitions as the industry is in the growth phase. Companies are making strategic decisions to engage in mergers and acquisitions in order to expand their product portfolios and grow their market share.

• Cardinal Health was granted a US$57.8 million contract in April 2021 for the storage and delivery of 80,000 pallets of PPE to assist the Strategic National Stockpile (SNS), which is part of HHS's Office of the Assistant Secretary for Preparedness and Response.
• Honeywell International Inc. began producing disposable face masks in August 2020 at its Fulgaon manufacturing facility in Pune, India, to supply face coverings to the Government of India in the fight against COVID-19 in the country.

Disposable Medical Supplies Industry Report Scope

Disposable Medical Supplies Market Categorization

Disposable Medical Supplies Market by Material

• Drapes
• Feeding Tubes
• Gloves
• Gowns
• Procedure Kits & Trays

Disposable Medical Supplies Market by Region

• North America
• Latin America
• Europe
• Asia Pacific
• Middle East & Africa (MEA)

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