|Fastest Growing Market:||Asia-Pacific|
|Largest Market:||North America|
Need a report that reflects how COVID-19 has impacted this market and its growth?
The disposable medical supplies market is projected to register a CAGR of 9.4% during the forecast period.
The COVID-19 outbreak had 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 the increase in hospital admissions across the world, due to which the demand for disposable medical supplies has increased significantly. In March 2020, the WHO appealed to the governments and industries to increase the manufacturing of personal protective equipment, like hospital gowns, medical masks, gloves, face shields, respirators, goggles, and aprons, by 40% to keep pace with the increasing demand. Due to the increase in the demand for these products, their prices have experienced a sudden hike. For example, According to the WHO, the surgical mask price increased six times, and hospital gowns price increased two times in 2020. Hence, the COVID-19 had impacted this market, and it is expected to contribute significantly during the forecast period.
Moreover, the major factors responsible for the growth of the disposable medical supplies market include the rising number of surgical procedures, increase in incidences of hospital-acquired infections (HAI) and other chronic diseases, and growing awareness regarding the importance of maintaining health and hygiene.
Chronic diseases, such as diabetes and cardiovascular diseases, impacted the disposables medical supplies market significantly. For instance, according to the International Diabetes Federation, in 2019, 463 million people were diagnosed with diabetes, and this number is projected to reach 700 million by 2045. Prolonged diabetes may lead to foot ulcers, leading to an increase in the duration of hospital stay, impacting the market positively over the forecast period. Despite strict measures taken by the healthcare industry, a significant number of patients acquire hospital-acquired infections during their stay in hospital. According to the Centers for Disease Control and Prevention (CDC), more than 3% of patients suffer from hospital-acquired infections in the United States every year.
Moreover, increasing awareness among healthcare workers regarding hygiene and health and an increase in robot-assisted surgical procedures are expected to drive the disposable medical supplies market. Increasing incidences of acquiring infections during surgery and maternity care created awareness for safety and hygiene. Additionally, the increase in the number of COVID-19 cases, worldwide, and the growing need for frontline workers to protect themselves from the spread of the deadly virus may boost the market growth. For instance, UNICEF launched a joint tender in April for PPE supplies during 2020 on behalf of several UN organizations.
However, an increase in waste produced due to disposable products and inadequate reimbursement for these devices are expected to restrain the market growth over the forecast period.
Scope of the Report
As per the scope of the report, disposable medical supplies include products that are used to prevent cross-contamination between doctors and caregivers and doctors and patients during diagnosis and treatment procedures.
The disposable medical supplies market is segmented by type (gloves, drapes and gowns, masks, needles and syringes, procedure kits and trays, and other types), end users (hospitals and clinics, ambulatory surgery center, and other end users), and geography (North America, Europe, Asia Pacific, Middle-East and Africa, and South America). The report offers the value (in USD million) for the above segments.
|Drapes and Gowns|
|Needles and Syringes|
|Procedure Kits and Trays|
|By End Users|
|Hospitals and Clinics|
|Ambulatory Surgery Center|
|Other End Users|
Key Market Trends
The Masks Segment is Expected to Account for the Largest Market Share During the Forecast Period.
The masks segment contributed the most to revenue. The recent outbreak of COVID-19 has had a big influence on the market and has resulted in a considerable surge in disposable mask sales all over the world. To prevent the numbers of death due to severe infection from spreading from one person to another, the World Health Organization has suggested that everyone wear disposable masks. In such situations, disposable mask demand is expected to rise. In addition, in order to combat COVID-19, the Food and Drug Administration (FDA) has relaxed limits on face masks and respirators. As a result, the segment's growth is predicted to be significantly boosted throughout the forecast period.
As the pandemic has spread to more than 213 nations, governments across the world are confining exports to satisfy domestic demand through expanded production. This has brought about deficiencies in nations that rely upon imports. In this manner, to fulfill the rising need for masks, numerous organizations overall are putting forth attempts to expand the creation of face masks. As of early May 2020, 88% of the total world's population lived in nations that mandated the utilization of face masks out in the public. Almost 75 nations had commanded the utilization of masks.
To promote the usage of face masks as a preventive measure from corona virus there is a increase in the social media campaigns. For instance, Facebook is providing free advertising space to WHO to put alerts regarding facts about COVID-19 on the top of the social media feeds page of facebook and Instagram to encourage users to wear face masks before stepping out in public. Due to increased awareness among general population, the masks segment drive the disposable medical supplies market.
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North America is Expected to Hold a Significant Share in the Market and Expected to do Same in the Forecast Period.
North America held the highest market share in the disposable medical supplies market, due to the rising number of surgeries, advanced infrastructure and significant government investment in upgrading healthcare facilities, and the rising prevalence of chronic diseases. Furthermore, a rise in the number of COVID-19 patients in this area has boosted the demand for medical supplies. According to a WHO report, there were 1,416,969 confirmed cases of COVID-19 in Canada, as of 6th July 2021, with 26,360 deaths. Furthermore, in the following month or two, the number of cases is projected to skyrocket, which will drive the disposable medical supplies market in the region.
For instance, in February 2020, Alpha Pro Tech, Ltd. reported the remarkable increase of production of its N-95 Particulate Respirator face veils in light of a huge expansion in client interest and level of requests coming because of the flare-up of COVID-19. The organization has started extra N-95 Particulate Respirator face cover creation at its Salt Lake City, Utah office (United States). In April 2021, Yanimed entered into a joint venture with Guangdong Guyun Medical Technology Co., ltd. aiming at the creation of Yanimed – YaniPure, a new brand providing high quality gloves that will operate exclusively in the United States market.
Furthermore, because of the growing senior population and the rising prevalence of cardiovascular illnesses, Asia Pacific is predicted to increase at the quickest rate over the projection period. Furthermore, COVID-19 has wreaked havoc in the Asia Pacific region. The fast-paced growth of the Asia Pacific market is fueled by a large geriatric population in Japan, China, and India, as well as the region's developing healthcare infrastructure.
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The disposable medical supplies market is moderately competitive and consists of several major players. In terms of market share, a few of the major players are currently dominating the market. Some of the companies which are key players in the market are Cardinal Health, Inc., Medtronic, 3M, Owens & Minor, Molnlycke Health Care AB, Medline Industries Inc, Semperit AG Holding, Ansell Healthcare LLC, Nipro Corporation and McKesson Corporation
- In April 2021, Cardinal Health was awarded a US$ 57.8 million contract for the storage and distribution of 80,000 pallets of PPE to support the Strategic National Stockpile (SNS), part of the Office of the Assistant Secretary for Preparedness and Response within HHS.
- In August 2020, Honeywell International Inc. started the production of disposable face masks at its Fulgaon fabricating office in Pune, India to supply face covers to the Government of India to fight against COVID-19 in the country.
Table of Contents
1.1 Study Assumptions and Market Definition
1.2 Scope of the Study
2. RESEARCH METHODOLOGY
3. EXECUTIVE SUMMARY
4. MARKET DYNAMICS
4.1 Market Overview
4.2 Market Drivers
4.2.1 Rising Number of Surgical Procedures
4.2.2 Increase In Incidences of Hospital Acquired Infections (HAI) and Other Chronic Diseases
4.2.3 Growing Awareness Regarding the Importance of Maintaining Health and Hygiene
4.3 Market Restraints
4.3.1 Increase in Waste Produced Due to Disposable Products
4.3.2 Inadequate Reimbursement for Disposable Medical Supplies
4.4 Industry Attractiveness - Porter's Five Forces Analysis
4.4.1 Bargaining Power of Buyers/Consumers
4.4.2 Bargaining Power of Suppliers
4.4.3 Threat of New Entrants
4.4.4 Threat of Substitute Products
4.4.5 Intensity of Competitive Rivalry
5. MARKET SEGMENTATION
5.1 By Type
5.1.2 Drapes and Gowns
5.1.4 Needles and Syringes
5.1.5 Procedure Kits and Trays
5.1.6 Other Types
5.2 By End Users
5.2.1 Hospitals and Clinics
5.2.2 Ambulatory Surgery Center
5.2.3 Other End Users
5.3 By Geography
5.3.1 North America
18.104.22.168 United States
22.214.171.124 United Kingdom
126.96.36.199 Rest of Europe
5.3.3 Asia Pacific
188.8.131.52 South Korea
184.108.40.206 Rest of Asia Pacific
5.3.4 Middle-East and Africa
220.127.116.11 South Africa
18.104.22.168 Rest of Middle-East and Africa
5.3.5 South America
22.214.171.124 Rest of South America
6. COMPETITIVE LANDSCAPE
*List Not Exhaustive
6.1 Company Profiles
6.1.1 Cardinal Health Inc.
6.1.4 Owens & Minor
6.1.5 Molnlycke Health Care AB
6.1.6 Medline Industries Inc.
6.1.7 Semperit AG Holding
6.1.8 Ansell Healthcare LLC
6.1.9 Nipro Corporation
6.1.10 McKesson Corporation
7. MARKET OPPORTUNITIES AND FUTURE TRENDS
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Frequently Asked Questions
What is the study period of this market?
The Global Disposable Medical Supplies Market market is studied from 2018 - 2026.
What is the growth rate of Global Disposable Medical Supplies Market ?
The Global Disposable Medical Supplies Market is growing at a CAGR of 9.4% over the next 5 years.
Which region has highest growth rate in Global Disposable Medical Supplies Market ?
Asia-Pacific is growing at the highest CAGR over 2021- 2026.
Which region has largest share in Global Disposable Medical Supplies Market ?
North America holds highest share in 2020.
Who are the key players in Global Disposable Medical Supplies Market ?
Cardinal Health, Inc., 3M, Molnlycke Health Care AB, Medtronic, Owens and Minor are the major companies operating in Global Disposable Medical Supplies Market .