A global disposable medical supplies market report by ResearchAndMarkets.com covers the market from 2022 to 2030.
The global disposable medical supplies market will reach $429.1 billion by 2030, growing by 5.8% annually over 2022-2030. The market is driven by the growing incidence of disease and disorders coupled with aging population, rising incidence of hospital acquired infections (HAIs), impact of COVID-19 outbreak, the growing preference towards the low-cost disposable medical supplies for reducing contamination and HAIs, along with favorable regulations set forth by governments, according to the report.
Grand View Research also issued a report predicting continued growth of this market.
The global medical disposables market size was valued at $318.3 billion in 2020 and is expected to expand at a compound annual growth rate (CAGR) of 16.7% from 2021 to 2028, Grand View Research reports. The growth of the market is attributable to the increasing number of surgical procedures, rising incidence of hospital acquired infections (HAIs), growing prevalence of chronic diseases leading to longer hospital admission and the impact of COVID-19 outbreaks across the globe.
“The COVID-19 outbreak and increasing hospital admissions across the globe have significantly increased the demand for medical disposables,” according to Grand View research. “The WHO has appealed to industries and governments to increase the manufacturing of personal protective equipment, including hospital gowns, gloves, medical masks, face shields, aprons, respirators and goggles, by 40% to meet the increasing global demand. It also reported that the increase in demand for these accessories has increased their prices to a major extent. For instance, the price of surgical masks has increased six-fold and the price of hospital gowns has increased two-fold. Furthermore, the WHO has shipped around half a million sets of personal protective equipment to around 47 countries. Therefore, the outbreak of COVID-19 has immensely impacted the market and is a highly effective driver for this market.”
Grand View Research also looks at product insights.
“The sterilization supplies segment dominated the market for medical disposables and held the largest revenue share of over 13.0% in 2020. Based on product, the market is segmented into wound management products, drug delivery products, diagnostic and laboratory disposables, dialysis disposables, incontinence products, respiratory supplies, sterilization supplies, non-woven disposables, disposable masks, disposable eye gear, disposable gloves, hand sanitizers and others,” Grand View Research said.
Mordor Intelligence also predicts growth in the market.
“The disposable medical supplies market is projected to register a CAGR of 9.4% during the forecast period (2022-2027),” Mordor Intelligence reports. “The COVID-19 outbreak significantly impacted the disposable medical supplies market by the sudden increase in the demand for disposable products, such as gowns, masks, antiseptics and disinfectant products. The increase in COVID-19-affected patients led to an increase in hospital admissions across the world, due to which the demand for disposable medical supplies has increased significantly.”
