Disposable Medical Supplies Market - Global Industry Analysis, Size, Share, Growth, Trends, and Forecast 2031 - By Product, Technology, Grade, Application, End-user, Region: (North America, Europe, Asia Pacific, Latin America and Middle East and Africa)

The global Disposable Medical Supplies Market has experienced significant growth, witnessing a Compound Annual Growth Rate (CAGR) of 6.4% between 2013 and 2021. This momentum is expected to continue with a projected CAGR of 6.9% from 2022 to 2031. In 2024, the market size is estimated to be worth US$ 15,144 million, and it is anticipated to reach US$ 23,379 million by 2031.

Market Dynamics

Increased Demand Due to Rising Surgical Procedures

The global Disposable Medical Supplies Market is experiencing robust growth driven by the rising number of surgical operations. The increasing prevalence of chronic conditions necessitating longer hospital stays, coupled with the heightened frequency of Hospital Acquired Infections (HAIs), has significantly bolstered the demand for disposable medical supplies. These supplies include surgical gowns, gloves, drapes, feeding tubes, and procedure kits and trays, all of which are essential in maintaining hygiene and safety during medical procedures.

Impact of COVID-19 on Market Growth

The COVID-19 pandemic has profoundly impacted the Disposable Medical Supplies Market. The global demand for personal protective equipment (PPE), including gloves, medical masks, face shields, aprons, respirators, and goggles, surged dramatically. The World Health Organization (WHO) urged industries and governments to boost the production of PPE to meet this rising demand. This increase in production and usage of disposable medical supplies during the pandemic has been a critical driver of market growth.

Key Drivers

Hospital Acquired Infections (HAIs) and Hygiene Awareness

The rise in HAIs has underscored the need for strict hygiene protocols in healthcare settings. Various hygiene awareness initiatives have encouraged the usage of disposable medical supplies to ensure safety and hygiene, further propelling market growth.

Advancements in Disposable Medical Supplies

Continuous advancements in disposable medical supplies, particularly those that improve protective quality, are expected to fuel market growth. Innovations in procedure kits and trays have enhanced productivity and minimized workloads in healthcare settings.

Rapid Expansion of the Healthcare Sector

The healthcare sector's rapid growth has also driven the demand for disposable medical supplies. Increasing budgets and standards in hospitals are leading to higher usage of disposable surgical gowns and gloves, thereby supporting market expansion.

Market Restraints

Environmental Concerns

Despite the significant benefits, the disposable medical supplies market faces challenges due to environmental concerns. The extensive use of plastics in producing these supplies leads to substantial waste, which is difficult to recycle and harmful to the environment. Strict regulations govern the recycling of medical waste, posing challenges for recyclers and impacting market growth.

Insufficient Reimbursement Policies

Insufficient reimbursement for disposable medical supplies is another factor hindering market growth. The financial burden on healthcare providers due to the lack of adequate reimbursement policies may limit the widespread adoption of these supplies.

Competitive Landscape

The Disposable Medical Supplies Market is moderately competitive and highly consolidated, with several large players dominating the industry. Key market players are focusing on mergers and acquisitions to expand their product portfolios and increase their market share.

Notable Strategic Moves

• Cardinal Health secured a US$ 57.8 million contract in April 2021 for the storage and delivery of 80,000 pallets of PPE to support the Strategic National Stockpile (SNS), part of the U.S. Department of Health and Human Services (HHS).
• Honeywell International Inc. commenced production of disposable face masks in August 2020 at its Fulgaon manufacturing facility in Pune, India, to supply face coverings to the Indian government during the COVID-19 pandemic.

Key Market Players Include

• Cardinal Health, Inc.
• Covidien plc.
• 3M Health Care Ltd.
• Halyard Health, Inc.
• Molnlycke Health Care AB
• Medline Industries Inc
• Sempermed USA, Inc.
• Ansell Healthcare LLC
• Nipro Corp
• McKesson Corp

Global Disposable Medical Supplies Market Segmentation

By Material

• Drapes
• Feeding Tubes
• Gloves
• Gowns
• Procedure Kits & Trays

By Region

• North America
• Latin America
• Europe
• Asia Pacific
• Middle East & Africa (MEA)

This product will be delivered within 1-3 business days.