South East Asia Disposable Medical Supplies Market Segmented By Sterilization Consumables, Wound Care Products, Dialysis Products, Infusion Products, Hypodermic & Radiology Products, Intubation & Respiratory Supplies
Industry: Healthcare
Published Date: March-2022
Format: PPT*, PDF, EXCEL
Delivery Timelines: Contact Sales
Number of Pages: 508
Report ID: PMRREP33019
The South East Asia disposable medical supplies market was valued at US$ 6 Bn in 2021, and is projected to expand at a CAGR of 6.8% to climb to a market valuation of US$ 12.3 Bn by the end of 2032.
| Attribute | Key Insights |
|---|---|
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South East Asia Disposable Medical Supplies Market Size (2021) |
US$ 6 Bn |
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Estimated Market Value (2022) |
US$ 6.4 Bn |
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Forecasted Market Value (2032) |
US$ 12.3 Bn |
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Global Market Growth Rate (2022-2032) |
6.8% CAGR |
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Market Share of Top 3 Countries |
52.4% |
According to Persistence Market Research, hypodermic & radiology products recorded sales worth US$ 1.1 Bn in 2021, accounting for over 17% of the total South East Asia disposable medical supplies market share by product.
South East Asia accounted for nearly 2.8% share of the global medical supplies market in 2021, which was valued at approximately US$ 215 Bn.
The South East Asia disposable medical supplies market expanded at a CAGR of 5.1% over the last five years (2017-2021).
The rate of occurrence of HAIs is expected to increase rapidly across the world. HAIs are directly linked with the admission of patients into an acute-care hospital, and they include central line-associated bloodstream infections (CLABSI), catheter-associated urinary tract infections (CAUTI), and others.
According to the latest data published by CDC in 2021, around one in 31 hospital patients acquire at least one healthcare-associated infection. To lower the incidence of hospital-acquired infections, several hospitals have implemented infection tracking and surveillance systems as well as robust preventative methods.
Growing concerns about Hospital-Acquired Infections (HAIs) are driving demand for disposable medical supplies to reduce risks of cross-contamination and meet higher healthcare standards.
Cost benefits, low maintenance, minimal need for sterilization, convenience, and improved healthcare safety standards are factors contributing to rising demand for disposable medical supplies in the South East Asian region.
To better align innovations in disposable medical supplies with public healthcare needs, increased funding and improved healthcare infrastructure is necessary. Therefore, with advancements in research & development, increasing awareness, and efforts to improve infection prevention standards, the disposable medical supplies industry is expanding at a fast pace.
Acquisitions and collaborations are key strategies adopted by manufacturers to increase their revenues in different countries. Companies are trying to foray into unexplored markets and improve their price competitiveness and further strengthen their stable supply system by vigorously reviewing the product portfolio of existing manufacturing bases to grab market share in emerging economies.
For instance:
Overall, the market for disposable medical supplies in South East Asia is predicted to surge ahead at 6.8% CAGR through 2032.
The South East Asia disposable medical equipment market is set to witness lucrative growth due to increasing cases of surgeries. Disposable medical products are being used across various applications such as general surgery, cardiovascular surgeries, and orthopaedic procedures, amongst others.
Convenience during surgical procedures, prevention of cross-contamination by non-transfer of infections from one patient to another, and elimination of risk following surgery with accelerated healing time have contributed to increase in demand.
Low-cost disposable medical supplies are increasingly replacing high-value-added single-use goods during surgery and general patient care, presenting significant potential for disposable medical supply manufacturers.
Furthermore, technological advancements have allowed for new and improved devices in the medical sector. Development of FDA-approved robotic-assisted surgical devices has facilitated improved patient care and outcomes. Better outcomes attract more patients to opt for surgery, in turn, increasing demand for equipment used in surgery especially, the usage of disposable medical supplies.
In addition, growing investments in the healthcare industry in emerging countries offer lucrative opportunities for key manufacturers of disposable medical supplies in South East Asia.
Increasing environmental concerns related to medical waste is the prime restraining factor for the South East Asia disposable medical supplies industry. Improper segregation and disposal of biomedical waste, air & groundwater source contamination, as well as improper needle disposal raising the risk of needle-stick injuries and infections such as HIV, hepatitis B, and C infections are major worries for the healthcare industry.
Furthermore, poor healthcare waste management can result in serious environmental and human health issues. SEA countries are densely populated, and some are highly resource-constrained. These countries lack proper healthcare waste management.
Facilities lack proper waste segregation, collection, storage, transportation, and proper disposal. Thus, all these factors are limiting demand growth of disposable medical supplies in South East Asia.
Which are the Leadings Markets for Disposable Medical Supplies in South East Asia?
Indonesia accounted for approx. 25% market share in the South East Asia disposable medical supplies market in 2021. The U.S. has the largest number of key manufacturers of disposable medical devices in the world, and Indonesia offers great potential for U.S. exporters of medical devices and equipment.
Furthermore, medical facilities are a priority in Indonesia’s national agenda, and central and regional governments continue to build and upgrade healthcare facilities, which provides a great opportunity for South East Asia suppliers of disposable medical systems to grow during the forecast period.
In terms of value share, Thailand accounted for 14.1% of the South East Asia market in 2021. Thailand is leading in terms of medical tourism, which increases patients flow in hospitals in the country.
Affordable holistic & alternative treatment in the country makes it a leading medical tourism destination. Thus, demand for disposable medical supplies also increases in lieu of offering treatment to patients from foreign countries.
In 2021, the Singapore disposable medical supplies market accounted for 13.3% market share due to the developing economy and increasing healthcare expenditure.
Additionally, favourable government schemes are attracting more people to opt for better medical treatment without stressing about the expenses. In Singapore, nearly 80% of the citizens obtain their medical care within the public health system.
The government spends approx. 1.6% of its annual GDP on public healthcare. Healthcare is the third-most important thing in the country, which is one of the major factors driving demand for disposable medical supplies in the country.
Which Product Type is Driving High Market Growth in South East Asia?
Hypodermic & radiology product demand is growing tremendously owing to a large number of blood-borne pathogens that can be transmitted from contaminated needles from one patient to another. The segment held nearly 17.8% market share in 2021.
For What is Application of Disposable Medical Supplies the Highest?
Management of cardiovascular conditions employed the maximum use of disposable medical supplies. Cardiovascular is leading by application because the prevalence of cardiovascular diseases is increasing rapidly in the South East Asia region. The cardiovascular segment accounts for nearly 26% revenue share of the overall South East Asia disposable medical products market.
Wide range of applications of disposable medical supplies for cardiovascular disease will provide lucrative opportunities for manufacturers in the market.
The COVID-19 outbreak positively influenced demand for disposable medical supplies in South East Asia. With increasing number of COVID-19 cases in the SEA region, bulk demand for disposable products, including gowns, masks, antiseptics, and disinfectant products, skyrocketed.
Proper use of disposable medical items such as respirators, gloves, air-purifying respirators, facemasks, goggles, face shields, and gowns is essential in preventing the spread of infection to and from Healthcare Workers (HCWs) and patients.
Key market players were increasing their production capacity close to 100% to meet the surging demand. Hence, COVID-19 positively affected this market, and it is further expected to contribute significantly during the forecast period.
Key producers of disposable medical products in South East Asia have adopted expansion as a business growth strategy. Companies investigating potential markets must take stock of their capabilities and assets. These include new or existing products with an appeal in untapped areas.
Additionally, companies are focusing on partnerships with local players to grow in the market and reach a larger customer base.
| Attribute | Details |
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Forecast Period |
2022-2032 |
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Historical Data Available for |
2017-2021 |
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Market Analysis |
US$ Million for Value |
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Key Countries Covered |
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Key Market Segments Covered |
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Key Companies Profiled |
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Report Coverage |
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Customization & Pricing |
Available upon Request |
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The South East Asia disposable medical supplies market was valued at the US$ 6 Bn in 2021 and is expected to grow 1.9X by 2032.
The South East Asia market for disposable medical supplies is set to witness 6.8% CAGR over the forecast period.
Sales of disposable medical supplies in South East Asia increased at the rate of 5.1% CAGR from 2017 to 2021.
Medtronic Plc., Cardinal Health, Inc., and 3M Company are key suppliers of disposable medical devices in South East Asia.
Indonesia, Thailand, and Singapore currently hold more than 50% market share.
The Indonesia disposable medical supplies market accounts for 25% market share in the region.
