Medical Disposables Market Size To Attain USD 1,473 Bn 2032

The global medical disposables market size was valued at USD 403.21 billion in 2022 and is projected to hit over USD 1,473 billion by 2032, growing at a CAGR of 13.9% from 2023 to 2032.

Key Points:

North America region has held revenue share of over 34.6% in 2022.
By product, sterilization supplies segment has captured revenue share of 15% in 2022.
Based on raw material, the plastic resins segment has accounted maximum revenue share of 59% in 2022.
By end-use, hospital segment has held revenue share of over 56% in 2022.
The US medical disposable market was valued at USD 62,706.6 million in 2016 and estimated to reach USD 269,829.8 million by 2028, growing at a CAGR of 12.6% during the forecast period (2021-2028).
The Mexico medical disposable market was valued at USD 4,562.8 million in 2016 and estimated to reach USD 25,318.0 million by 2028, growing at a CAGR of 15.0% during the forecast period (2021-2028).

Medical disposables are designed to be used only once and then disposed of or discarded. There are a variety of medical disposable supplies available, such as devices, apparatuses, and consumables that can be utilized in a variety of medical situations. These devices were created with the primary goal of preventing Hospital Acquired Infections (HAIs) and supporting the increased need for diagnosis and treatment. Furthermore, medical disposable products provide the medical business with cost and time savings opportunities. They are a more efficient alternative than other reusable devices because they provide a more efficient and cost-effective way to prevent infection and cross contamination among patients and healthcare personnel.

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Growing incidence of Hospital Acquired Infections (HAIs) prime reason to propel the demand for medical disposables

Healthcare associated or acquired infections usually named Hospital Acquired Infections (HAIs) have amplified significantly during the COVID-19 pandemic. As per the Centres for Disease Control and Prevention (CDC), the US hospitals have shown a substantial rise in HAIs, after the years of decline before COVID-19 pandemic. The rise in the infection rates for catheter-associated urinary tract infections (CAUTIs), central-line–associated bloodstream infections (CLABSIs), and ventilator-associated events (VAEs) was on gradual rise in the year 2020 compared to the previous years. Additionally, the increasing rates for methicillin-resistant Staphylococcus aureus (MRSA) bacteremia had also impacted the demand for medical disposables across the medical settings.

Diagnostics & Laboratory disposables set to grow at significant pace during the study period

Diagnostic and laboratory disposables are the part of consumable products that helps in preventing the possibilities of contamination in the hospitals, laboratories and other medical settings. They are the efficiently designed products for the use in research & developments and diagnostic tests. In addition, as these products are single use, they aid in eliminating the reprocessing process and avoids cross contaminations and infections making it a preferable choice across the medical settings.. It is estimated that diagnostic and laboratory segment have shown remarkable growth and is expected to retain its trend in the foreseefuture, owing to increased number of diagnostics tests performed and ongoing research developments in medical sector. Furthermore, the increasing number of testing laboratories and diagnostics center also contributes for the market growth.

Table of Contents

Medical Disposables Market Scope

Report Coverage	Details
Market Size in 2023	USD 456.99 Billion
Market Size by 2032	USD 1,473 Billion
Growth Rate From 2023 to 2032	CAGR of 13.9%
Largest Market	North America
Fastest Growing Market	Asia Pacific
Base Year	2022
Forecast Period	2023 to 2032
Segments Covered	Product, End User, Raw Material, Region

KEY HIGHLIGHTS OF THE STUDY

In the year 2020, drug delivery products emerged as the largest segment, with a high market share growing at a significant rate during the study period.
Nitrile disposable gloves to overtake latex or natural rubber disposable gloves market in coming year.
Plastic resins accounted for the largest share in the year 2021 and anticipated to retain the similar trend during 2021-2028, owing to the large demand for disposable products made of this raw material.
Hospitals held the leading position among the various end users in the medical disposables market due to the robust demand of medical disposable products supplemented by the escalating number of admissions influenced by the COVID-19 outbreak.

Impact of COVID-19 outbreak supplementing the demand for medical disposables

The sharp surge in the number of Covid-19 (coronavirus) cases across the globe and the favorable directives by government agencies for the usage of gowns, face masks and hand sanitizers among others have influenced the market growth. Disposable mask accounted for the outstanding growth in the medical disposable market during the pandemic owing to the huge demand worldwide.As per the World Health Organization (WHO), around 151,953 new cases of COVID-19 were reported in the US on November 17, 2021. The pandemic has impacted all 50 states of the US alone, with vast numbers of cases recorded specially in California, Texas, and Florida. To meet the growing demand for the medical disposables especially the PPE, equipment and supplies, the US government, market players and other participants are working in collaboration to secure medical devices for hospitals, homecare, outpatient and other medical settings.

Some of the prominent players in the medical disposables market include:

Bayer AG
BD
Smith & Nephew PLC
Cardinal Health
Medline Industries, Inc.
3M
MED-CON Inc.
Medtronic
Boston Scientific
Becton, Dickinson and Company
Pfizer
Johnson and Johnson

Segments Covered in the Report

This research report estimates revenue growth at global, regional, and country levels and offers an analysis of present industry trends in every sub-segment from 2020 to 2032. This research study analyzes market thoroughly by classifying global medical disposable market report on the basis of different parameters including product, raw material, end use, and region as follows:

By Product

Wound Management Products
Hand Sanitizers
- Gel Sanitizers
- Foam Sanitizers
- Liquid Sanitizers
- Other Sanitizers
Non-woven Disposables
- Disposable Masks
- Disposable Eye Gear
- Disposable Gloves
Drug Delivery Products
Diagnostics and Laboratory Disposables
Dialysis Disposables
Incontinence Products
Respiratory Supplies
Sterilization Supplies
Others