Disposable Medical Devices Market - Forecast(2021 - 2026)

18/feb/2021 10:12:26 IndustryARC Contatta l'autore

Globally, 1.7 million incidences of healthcare associated infections (HAI) and 99,000 mortality cases come to notice each year.[1] The healthcare facilities adopt several preventive measures to dwarf the spread of contagious disease across the hospital periphery. Disposable medical services accounts for the most utilized supplies are boosting the hospital safety measures owing to its one-time usage, prevention from contamination, and easy disposal. Consequently, disposable products reduce the impending spreading of infections and hospital staff’s time consumption. According to recent report of IndustryARC, the global disposable medical devices market held a lucrative revenue of $190 billion as of 2018. Disposable goods are cost-effective and diverse in nature, which includes syringes, catheters, hospital gowns and masks, surgical pads and sponges, bandages, disposable containers, needles, and many more. Robotic surgeries, a technological advancement in modern medical treatment, mostly requires the usage of disposable devices and will exhibit huge demand in the disposable medical devices market in the foreseeable future. The global market demand for disposable goods will experience a compound annual growth rate (CAGR) of 3.80% during the period of 2019-2025.

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Disposable Medical Device Market Outlook:

Disposables are widely used for laboratory medical testing and as surgical instruments.. Increasing healthcare set ups and awareness programs are majorly fueling the global medical disposables market. Global population increase stresses on the fact of incremented health risk propelling the disposable medical devices market. America is the leading province for medical surgeries, facing an upsurge in cardiac and plastic surgery in the recent years. As per the survey of American Hospital Association, approximately 6,210 hospitals are currently established in the United States[2] accounting for larger surgeries performed in this region. As per aforementioned report, North America accounted for 40% regional share in the global disposable medical devices market. The boosting demand from hospitals for disposable medical devices will expand considerably at a CAGR of 3.20% through to 2025.

Disposable Medical Device Market Growth Drivers:

·         Growing urbanization and the prosperity of the healthcare sector are the major factors propelling the global medical disposables market. Surgeries executed worldwide require adequate quantity of single use tools and equipment such as non-woven medical supplies, diagnostic supplies, intubation and ventilation supplies, and many more. This demand generation directly influences the global disposables market income and also reduces contamination incidences.

·         Medical disposable kits dwarf the time consumption of medical staffs for dressing and operating purposes anticipating huge dependency on the disposable medical devices market.

·         Major advancement and innovation by market players to manufacture cost-efficient and end-user relevant products anticipates long term growth of the medical disposables market.

·         Increasing awareness of HAIs and government initiatives approaching the population with safety and security instructions for medical disposable products usage is driving the disposable medical devices market.

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Disposable Medical Device Market Challenges:

Albeit the versatile utilization of medical disposable tools and kits, disposable medical devices  pose serious environmental risks and associated health issues gradually. Over consumption of medical disposables exerts huge pressure on the supply-demand chain. Resulting in usage of easily available and less time consuming raw materials -plastics and synthetic polymers- for manufacturing these disposable medical devices. These non-biodegradable plastics are discarded after single application and its disposal becomes a major challenge for the modern healthcare facilities. Carriers of contagious pathogens, when dumped in open landfills intermixes with air, water, and other sources to create havoc in the surrounding. Overcoming this situation through increasing utilization of organic polymers to produce medical disposable goods will lessen the environmental threat over the passing years.

Disposable Medical Device Market Key Players:

The leading players of the disposable medical device market include Abbott Laboratories, Bayer AG, Becton, Dickinson and Company, Cardinal Health Incorporated, Domtar Corporation, Medtronic plc, 3M Company, Braun (B.) Melsungen AG, Terumo Corporation, and Smiths Group plc, and others.

Becton, Dickinson and Company is an American medical technology company dealing with manufacturing and selling of various devices and systems for medical and healthcare facilities. They offer wide range of products such as syringes and needles, surgical equipment, anaesthesia systems, and many more.

Disposable Medical Device Market Trends:

·         Precise Disposable Equipment:

Micro pump drug delivery device and single use skin staplers are witnessing huge demand from hospitals and clinics owing to the safe and ease of use both for the medical staffs and the patient. Micro pump devices inject drug into the body without any prominent needle visibility resulting in easy drug delivery and skin staplers precisely utilized in attaching wounded skins and operation cuts with hassle free usage by the medical professionals.

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·         Balloon shaped catheters:

Catheters are widely used in medical facilities post surgeries and medication which most often leads to serious painful urinary tract infections and might lead to kidney infections. Flume’s innovative balloon catheter have undergone laboratory trials ensuring reduced risk of infections protecting sensitive urinary bladder with comparatively less friction than conventional catheters. Owing to results such as less pain and irritation while wearing and removing, complete drainage of urine, and increasing convenience to medical nurses have led to its huge market demand.

Disposable Medical Device Market Research Scope:

The base year of the study is 2018, with forecast done up to 2025. The study presents a thorough analysis of the competitive landscape, taking into account the market shares of the leading companies. It also provides information on unit shipments. These provide the key market participants with the necessary business intelligence and help them understand the future of the disposable medical device market. The assessment includes the forecast, an overview of the competitive structure, the market shares of the competitors, as well as the market trends, market demands, market drivers, market challenges, and product analysis. The market drivers and restraints have been assessed to fathom their impact over the forecast period. This report further identifies the key opportunities for growth while also detailing the key challenges and possible threats. The key areas of focus include the types of disposable medical devices in disposable medical device market, and their specific applications in different areas.

Disposable Medical Device Market Report: Industry Coverage

The disposable medical device market can be bifurcated into different segments by materials, application, and end users. Based on materials, the categorization includes resin, plastic, rubber, paperboard, and others. By application the disposable medical device market is segmented into wound management, respiratory devices, and others. On the basis of end users, this market can be divided into hospitals, clinics, ambulatory surgical centers, pathology laboratories, and so on.

The disposable medical device market also analyzes the major geographic regions for the market as well as the major countries for the market in these regions. The regions and countries covered in the study include:

•           North America: The U.S., Canada, Mexico

•           South America: Brazil, Venezuela, Argentina, Ecuador, Peru, Colombia, Costa Rica

•           Europe: The U.K., Germany, Italy, France, The Netherlands, Belgium, Spain, Denmark

•           APAC: China, Japan, Australia, South Korea, India, Taiwan, Malaysia, Hong Kong

•           Middle East and Africa: Israel, South Africa, Saudi Arabia

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